The Stock Lounge

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Tags jetblue  airways  airline  nasdaq  jblu  august  traffic  load  factor  preliminary  completion  on  time  performance  passenger  revenue  seat  mile  stock  market  trade  plane  airport  transportation  fly  smartrend 

JetBlue (NASDAQ:JBLU) reported its August traffic rose 7%, Friday. According to its press release, preliminary results for the month of August shows capacity increased 7.3% as well. However, load factor for the month was at 86.4%, decline of 0.2 points year-over-year. JetBlue's preliminary...

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Tags jp  morgan  chase  nyse  jpm  ubs  iphones  corporate  email  switch  alternative  blackberry  nasdaq  rimm  apple  aapl  smartphones  google  goog  android  software  assets  employee  base  benefit  phone  maker  stock  market  smartrend 

JP Morgan Chase (NYSE:JPM) may soon allow its employees to use iPhones for corporate e-mail, as an alternative to the traditional BlackBerry (NASDAQ:RIMM), according to two sources familiar with the matter. JP Morgan is experimenting with Apple's (NASDAQ:AAPL) popular iPhone as well as...

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Tags nokia  nyse  nok  mobile  phone  maker  appoint  former  microsoft  nasdaq  msft  executive  stephen  elop  ceo  president  strategy  tradition  change  finns  head  position  different  approach  rumors  company  replace  olli-pekka  kallasvuo  annual  showcase  world  london  early  trading  shares  helsinky  stock  smaret  trade  smartrend 

Shares of Nokia (NYSE:NOK) surged Friday after the world's largest mobile-phone maker appointed former Microsoft (NASDAQ:MSFT) exec Stephen Elop as Chief Executive and President. The appointment of Canadian-born Elop marks a turn in strategy and tradition, as the company normally appoints Finns...

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Smith & Wesson Holding Corp. (NASDAQ:SWHC) posted its fiscal 2011 Q1 results following the closing bell Thursday afternoon, reporting quarterly revenue of $94.9 million. The company reported quarterly net income of $6.2 million, or $0.10 per share. president and CEO Michael F. Golden commented,...

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Tags williams  partners  overland  pass  pipeline  co.  oneok  lp  natural  gas  downtrend  smartrend  news  trade  the  trend 

Williams Partners (NYSE:WPZ) announced that it now holds a 50% stake in Overland Pass Pipeline Co. after it exercised an option with ONEOK Partners LP (NYSE:OKS) for a larger stake of the operation. Williams paid about $424 million for the stake, which was financed with cash and an existing line...

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Tags cytec  industries  aero  melamine  trade  the  trend  smartrend  news 

Cytec Industries (NYSE:CYT) said that it is raising the price for its Aero Melamine product by $0.05 per pound. The product is used in the production of plastics. As of October 1, 2010, the melanine list price will be $110.231 per metric ton. Cytec shares are trading 1.89% lower at $49.39....

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Tags ppl  corp.  ls  power  equity  advisors  trade  the  trend  smartrend  news  sell  plants  connecticut  pennsylvania  illinois 

PPL Corp. (NYSE:PPL) said it will sell certain power plant assets for about $381 million to LS Power Equity Advisors. PPL said that it will sell power plants in Connecticut and Illinois and its one-third share of a plant in Pennsylvania. The company said it will take a special after-tax charge of...

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Despite a disappointing August for the US auto industry, there are still signs of improvement for 2010, according to a Ford (NYSE:F) executive who called for expansion of 10% in global markets. John Fleming, head of Ford's global manufacturing said, "We see the economy improving, but the strength...

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Tags barnes  noble  ron  burkle  yucaipa  los  angeles  altheia  research  and  management  trade  the  trend  smartrend  news 

Barnes & Noble (NYSE:BKS) wrote a letter to shareholders, urging them to oppose Ron Burkle's "self-serving" efforts to acquire shares past the 20% limit. The book retailer sees Burkle's Yucaipa trying to form a bloc with another investor in order to gain control of the company without paying full...

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Tags goldman  sachs  nyse  gs  fine  settle  investigation  britain's  financial  services  authority  disclosure  trader  fabrice  tourre  sec  accuse  investment  bank  fraud  stocks  markets  trade  smartrend 

Goldman Sachs (NYSE:GS) agreed to a fine of $27.1 million to settle an investigation by Britain's Financial Services Authority for failing to make disclosures regarding trader Fabrice Tourre. However, the SEC, which first accused the investment bank of fraud in April, doesn't emerge from the...