Airline stocks, typically considered terrible investments, have taken off, and analysts say there is still lift in the sector for investors.» Read More
WASHINGTON/ NEW YORK, Nov 12- US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world's largest airline.
Nov 12- Dish Network Corp is closer to reaching a large-scale programming deal with Disney that would help the satellite TV provider avoid a possible blackout of popular networks such as ABC and ESPN, Chairman Charlie Ergen said on Tuesday.
*US Airways shares fall after antitrust settlement. Shares of Pioneer Natural Resources, up 77 percent this year, led the S&P Energy sector lower, with a 3 percent loss to $183.47. We've had a technical breakdown here with a lot of consolidating, "said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas.
Some of Tuesday's midday movers:
CNBC's Dominic Chu reports US Airways and AMR have reached a merger settlement with the DOJ. The merging of both airlines will create the world's biggest airline.
WASHINGTON/ NEW YORK, Nov 12 (Reuters)- US Airways Group Inc and American Airlines have agreed to give up landing spots and gates at several U.S. airports to win U.S. antitrust approval for their proposed merger, the Department of Justice said on Tuesday.
The Justice Department said Tuesday it will require US Airways and AMR to divest facilities at seven airports in order for their proposed merger to proceed.
American and U.S. Airways have settled their merger suit with the Justice Department. Virgin America CEO David Cush weighs in on the impact the agreement will have on smaller communities.
NEW YORK, Nov 12- US Airways Group Inc and AMR Corp have reached a settlement with U.S. antitrust regulators who had filed suit to stop the two airlines from merging, a source familiar with the matter said on Tuesday.
CNBC's David Faber reports shares of AMR and U.S. Airways are halted.
Take a look at some of Wednesday's midday movers:
"Mad Money" host Jim Cramer made calls on stocks viewers asked about.
*AMR Corp shares spike up 24.5 percent.
Nov 4- US Airways Group was fined $1.2 million by the U.S. Department of Transportation on Monday for not providing adequate wheelchair assistance to passengers at airports in Philadelphia and Charlotte, North Carolina.
WASHINGTON, Nov 4- The U.S. Justice Department is pressing for divestitures at airports throughout the United States as a condition for dropping a lawsuit aimed at stopping a proposed merger of US Airways and American Airlines, U.S.
WASHINGTON, Nov 4- The U.S. Justice Department is looking for divestitures at key airports throughout the United States as a condition for dropping a lawsuit aimed at stopping the proposed merger of US Airways and American Airlines, U.S. Attorney General Eric Holder said on Monday.
Some of the names on the move ahead of the open.
Cramer likes airlines. But of all the airlines he likes this one a little more.
MIAMI, Nov 1- The attorney general of Florida, one of several states challenging the proposed merger of American Airlines and US Airways, said on Friday she hoped for a "timely resolution" after meeting with American Airlines' top executive.
*Facebook rises in premarket, trading could be volatile. Optimism about earnings was boosted by Exxon Mobil Corp, one of the largest U.S. companies by market cap, which reported adjusted third-quarter earnings that beat expectations, sending shares 0.8 percent higher to $89.53 in premarket trading.