The Coast Guard estimates that a barge crash that took out power lines and halted shipping traffic across the Houston Ship Channel may end up costing as much as $1 billion in economic loss.
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Continental Airlines (CAL) and UAL Corp (UAUA), owner of United, closed their merger deal Friday, creating the world’s largest air carrier, called United Airlines.
The new holding company, United Continental Holdings, will begin trading today on the New York Stock Exchange under the ticker “UAL,” Reuters said.
Jeff Smisek, formerly CEO of Continental, will serve as CEO of the new…
Continue reading Continental, United Close Merger Deal
Continental, United Close Merger Deal originally appeared on DailyFinance on Fri, 01 Oct 2010 08:27:00.
Filed Under: Company News, Stocks in the News
Dollar Thrifty shareholders voted against a proposed acquisition from larger car-rental competitor Hertz, likely ending Hertz’s five-month-long effort to acquire the company and indicating that a competing bid from Avis Budget …
FedEx, the world’s biggest air-cargo carrier, will boost shipping rates in January as it looks to offset the effects of rising fuel costs on its bottom line. The company will increase FedEx Express shipping rates for domestic a…
The third largest U.S. railroad operator CSX announced Wednesday it would boost its quarterly dividend by 8%, from 24 cents to 26 cents, returning more of its earnings to shareholders.
Continue reading CSX Boos…