Emirates Agrees To Revenue-Sharing Pact With Qantas, Ending Deal With British Airways
Emirates, the world’s largest airline by international passenger traffic, has agreed to a revenue-sharing pact with Qantas Airways Ltd. (Sydney: QAN), Australia's largest airline and the oldest continually operated airline in the world, leaving Emirates' former partner British Airways out in the cold.
Top After-Market NYSE Movers (AM Castle, Fabrinet, Centene, General Cable, AK Steel, Quiksilver, Oasis Petroleum)
The top after-market NYSE gainers Monday were AM Castle, BPZ Resources, Fabrinet, Centene Corp and General Cable Corp. The top after-market NYSE losers were AK Steel Holding, Quiksilver, IAMGOLD Corp, Oasis Petroleum and NRG Energy.
Central Bank Gold Demand To Hit Highest Level Since 1964
Demand for gold by central banks and official sector institutions were more than double the level reported a year ago, as emerging market central banks continue to gobble up gold due to concerns about fiat currencies, such as the U.S. dollar and especially the euro, according to World Gold Council data released Thursday.
'We're Preparing For Spain's Euro Exit': BA, Iberia Parent Readies For Currency Collapse
Spain's Iberia has created a euro zone crisis management group to deliver a "Spain euro exit road map project" to prepare for a possible exit by the indebted country, with the group meeting every two weeks.
Iberia Strike: 150 Flights Canceled, More To Follow
Pilots for Spanish airline Iberia, part of International Airlines Group, went on strike on Monday, grounding 150 flights in the first of 30 one-day strikes to protest against the start-up of low-cost carrier Iberia Express.
BA OK'd To Buy British Midlands In $276M Deal
The owner of British Airways PLC gained European Union approval Friday to buy U.K. airline British Midland Airways Ltd., known as bmi, from German owner Deutsche Lufthansa AG for $276 million.
Mali Coup Leaders Steer Clear Of Economic Upheaval
Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.
Iamgold Receives $825 Million in Credit Lines for Niobec Mine
Iamgold received on Wednesday $825.6 million in credit to fuel the expansion of its Niobec mine.
Gold, Silver Miner Stocks Rise, Outpacing Market
Stocks of gold and silver miners shot up on Tuesday as the price of the metals rose.
Gold, Silver Suffer Three Straight Days Of Declines
The precious metals market followed Wall Street's skid today, as gold and companies that peddle it were driven down by underwhelming retail figures in the U.S., and ongoing concerns over Greece and the Eurozone.
Top After Market NYSE Gainers (SNE, PKI, GNW, CVA, NSR, IAG, ITG, N, WY)
The top aftermarket NYSE gainers Thursday were: Sony Corp, PerkinElmer, Genworth Financial, Covanta Holding, Neustar, Iamgold Corp, Investment Technology Group, Netsuite and Weyerhaeuser Co.
Shares of Gold, Silver Miners Up While Broader Market Struggles
Precious metals enjoyed a steady climb on Thursday despite a slow day for the broader market, as gold futures reached an eight-week high while the dollar fell briefly and concerns about the Greek debt crisis subsided slightly.
Spanair Collapse Strands 20000, Rattles Industry
Spanish airline Spanair collapsed on Friday, stranding over 20,000 passengers and putting Europe's second-tier airlines on alert.
Gold Mining Stocks Slightly up on Choppy Trading
Gold mining stocks fluctuated around the unchanged mark during regular-session trading on Thursday, as miners tracked the price of physical gold, which saw some choppy trading itself.
Richard Branson Slams IAG’s Acquisition of BMI Deal
Virgin Group owner, Richard Branson has slammed a $270 million acquisition deal by rival company, International Airlines Group (IAG) saying that the approval of the deal will mean higher prices for flyers.
Top After Market NYSE Losers (CRM, CF, ETE, DOLE, ELN, IAG, SWY, JBL, IP, RHT)
The top after market NYSE Losers on Thursday were: Salesforce.com, CF Industries Holdings, Energy Transfer Equity, Dole Food Co, Elan Corp, Iamgold, Safeway, Jabil Circuit, International Paper and Red Hat Inc.
Pre-market movers on May 12 (FTK, SYMC, CVS, TJX, NRF, SVM, CSCO, NVDA, EMR, AUO, IAG)
The companies whose shares are moving in pre-market trade on Thursday are: Flotek Industries, Symantec Corp, CVS Caremark, TJX Companies, Northstar Realty Finance, Silvercorp Metals, Cisco Systems, Nvidia, Emerson Electric, AU Optronics and Iamgold Corp.
Top After-Market NYSE Movers (ANW, TNK, FTK, HOV, AUO, NRF, IAG, NQ, SVM, TLM)
The top after-market NYSE gainers on Wednesday are: Aegean Marine Petroleum, Teekay Tankers, Flotek Industries, Hovnanian Enterprises and AU Optronics Corp. The top after-market NYSE losers are: Northstar Realty Finance, Iamgold, NetQin Mobile, Silvercorp Metals and Talisman Energy.
NZ quake hits shares of Australia banks, insurers
Shares in Australian banks and insurers fell between 1.4 and over 2.7 percent after a strong quake hit New Zealand's second-biggest city of Christchurch on Tuesday for the second time in five months.
Union to re-run BA cabin crew strike ballot
The union representing British Airways BAY.L cabin crew said on Tuesday it planned to ballot members again on taking strike action after saying a recent vote was potentially invalid. Cabin crew voted last month to hold further strikes in a long-running dispute which has already cost the airline some 150 million pounds.