Malaysia Airlines Flight MH17 and airlines halting flights into Tel Aviv are stirring up controversy over who should decide where it's safe to fly.» Read More
Both the Dow Jones Industrial Average and the S&P 500 ended the day higher – with the Dow setting another record, closing up 30 points and the S&P up 3 – all this despite worrisome economic data coming in the form of a rise in wholesale prices and a decline in housing permits. The NASDAQ couldn’t keep up, falling 6 points on continued weakness in the technology sector.
Delta Air Lines has rejected US Airways' $8.4 billion hostile bid in favor of a plan to re-emerge from bankruptcy as a standalone company. CNBC's Phil LeBeau says Delta focused today on convincing creditors their plan is best for them.
Delta Air Lines is forecasting a return to profitability next year, and again rejecting U.S. Airways' hostile overtures. The company's top executives have been hosting a webcast this morning--and CNBC’s Phi LeBeau has been monitoring details as they unfold...
Delta Air Lines, working to beat back an $8.4 billion merger bid from US Airways Group, is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, the Wall Street Journal said on its Web site, citing people familiar with the matter.
The airline industry has seen a wave of potential M&A activity of late. Reports say UAL, the parent of United Airlines, and Continental Airlines are talking merger – though analysts speculate a deal is still far off. Also, AirTran Holdings has made a hostile bid for Midwest Air Group worth $290 million, or $11.25 a share. All this comes just a month after US Airways Group made a hostile bid of its own for Delta Air Lines.
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
U.S. stocks are showing hesitancy ahead of today's Fed announcement with futures pointing to a lower opening. Japanese stocks were higher overnight and European stocks trade lower after initial strength. The U.S. dollar was weaker ahead of the Fed overnight, as the yen slid to a record low against the Euro.
Good morning--it's December 1, 2006--24 days until Christmas--and counting. We're having a busy day so far. U.S. Representative Harold Ford Jr. from Tennessee is guest host on "Squawk Box." He lost that closeU.S. Senate seat race last month to Repbublican Bob Corker.