A U.S. Supreme Court justice denied a last-ditch effort to stop the merger of American Airlines and US Airways.» Read More
Nearly 2.0 billion shares and $26 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Nearly 1.9 billion shares and $22 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Nearly 1.6 billion shares and $27 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
UAL's United Airlines said Wednesday it would cut 1,400 to 1,600 jobs and retire 100 planes from its mainline fleet as it cuts capacity in the face of soaring fuel prices and a weakening U.S. economy.
High oil prices may hurt profit at Ryanair even though the airline has reported a 20 percent rise in full-year profit, CEO Michael O'Leary told CNBC Europe.
Stocks closed higher, led by technology shares, ending the a holiday-shortened week in the positive.
Stocks moved higher on positive earnings in technology and a report that inflation appeared to be moderating.
United Airlines and US Airways have ended their merger talks and both companies say they won't pursue any deals at this time.
Stocks were set for a positive open, as Dell boosted tech futures and the market awaited numers that would help clear up the inflation picture.
United Airlines and US Airways have suspended merger talks due to concerns about labor opposition and integration costs, while United draws closer to an alliance with Continental Airlines, a source close to the talks said late on Thursday.
As the likelihood of additional mergers in the airline industry dims, big United States carriers face a bleak future of making further cuts on their own to survive in an era of soaring jet fuel prices, the New York Times reported.
The chief executives of United Airlines and US Airways plan to meet on Thursday to discuss progress in merger talks and address key issues like labor, funding and capacity, a source familiar with the matter said Wednesday.
Nearly 2.2 billion shares and $36 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Talks between United Airlines and US Airways appear to have fallen apart, marking the second time in a month that United failed to reach a deal with a rival airline and putting the future of industry consolidation in question, people with direct knowledge of the discussions said Tuesday night.
United Airlines and Continental Airlines are talking about forming an alliance to gain some benefits of working together without going through a merger, which Continental rejected last month, a person close to the talks said.
Another record for crude oil dragged down the Dow Monday despite word that the service sector of the economy was no longer contracting in April. Here's the "Word on the Street."
I have been talking about the unwinding of the “long commodities/short dollar” trade. It continued today. Energy and materials sold off; tech and financials rose. Pray for an in-line or slightly stronger nonfarm payrolls report. ...Meantime, look what lower oil and consolidation talk has done to the airlines this week...
Stocks finished flat Monday as concerns about the Federal Reserve's rate decision in a couple of days kept a lid on activity generated by merger buzz.
It's been awhile since we've had a good merger Monday, and this one delivered the food industry's second biggest deal ever -- and put April on track to be the busiest month for deal-making this year.
UAL and US Airways Group are in advanced merger talks prompted by Continental Airlines' decision this weekend to walk away from similar talks with UAL, sources with knowledge of the matter said. .