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Wall Street opened on a negative note Wednesday as the euro continued in freefall, dampening hopes for an end-of-year rally.
Stocks closed mixed Tuesday, with the Nasdaq ending lower and the S&P failing to end above a key technical level despite earlier optimism over a meeting of EU finance ministers and a better-than-expected consumer confidence report.
AMR's Chapter 11 bankruptcy protection filing shows airline industry deregulation was a mistake, said former chief executive Robert Crandall.
While other industries remain mired in red ink amid the global recession, Boeing and Airbus, the two largest aircraft manufacturers, are entering a period of unprecedented growth.
Despite being profitable in 2011, the airline industry is bracing for turbulence in 2012. The combination of major tax increases and fuel prices that are widely expected to rise means there could be rougher skies ahead for the carriers. Passengers, as well, will likely face fewer frills, fewer route options and notably higher prices.
Stocks kicked off the new month and quarter with a thud Monday, led by financials, as worries over Greece continued to spook investors and overshadowed a pair of better-than-expected economic news. The Dow and S&P closed at their lowest levels in over a year.
The stock of American Airlines parent company AMR tumbled Monday, at one point falling nearly 40 percent, on renewed concerns that the carrier could be headed for bankruptcy protection.
The main story Friday morning is in Europe, not in the U.S. or with President Obama's speech. The European Central Bank is again buying Italian and spanish bonds, though the purchases appear to be modest.
The coming of Hurricane Irene may be a threat to the average person but to the airlines it's a nonevent, Dahlman Rose airline analyst Helane Becker told CNBC Friday.
Goldman Sachs lowered expectations for Ford and JPMorgan offered a dim outlook for AMR and other airline stocks this week.
While the summer temperatures rise, Buffalo Wild Wings are also catching some heat, hitting an an all time high with shares up by more than 50 percent.
U.S. airlines took the European Union to court on Tuesday arguing that its imposition of emissions caps on non-European carriers breaches international law.
The Old Dominion State returns as America’s Top State for Business in 2011, and we’re starting to detect a pattern here.
Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.
Stocks slumped with the Dow and S&P on track for their third-straight day of losses Friday as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Stocks slumped across the board Friday, as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Global markets and U.S. stocks are significantly weaker, amid a number of cross-currents this morning.
Stocks finished mixed for the week amid thin, choppy trading, but the Dow and S&P snapped a six-week losing streak, boosted by news a bailout for Greece may be near. However, gains were limited as investors were worried over the continuing economic weakness.
Stocks struggled to hold their gains ahead of the close as energy and techs weakened and after excitement over France and Germany's potential rescue aid for Greece waned.
Online-radio service Pandora Media and Internet real-estate tracking website Zillow are about to join a rare group of publicly traded companies that have single-letter ticker symbols.