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BRIEF-United Continental reports Q3 earnings $2.12/shr
* United Continental Holdings Inc - UAL reported
third-quarter net income of $637 million, diluted earnings per
share of $2.12
United Continental earnings beat despite weather-related cancellations
United Continental Holdings Inc. reported better-than-expected third-quarter earnings Wednesday despite thousands of hurricane-related flight cancellations. The airline reported third-quarter net income of $637 million, or $2.12 a share, on revenue of $9.9 billion, which was basically even from the same quarter a year ago. After adjustments for special charges and tax effects, United claimed profit of $2.22 a share, down from $3.11 a share a year ago. Analysts on average expected adjusted earnings of $2.16 a share on revenue of $9.88 billion. United said it cancelled 8,300 flights in the quarter as the result of devastating hurricanes and other storms in Texas, Florida and the Caribbean, which reduced pre-tax income by an estimated $185 million. United said it set new company records for on-time performance in the quarter despite the difficulties. United stock declined less than 1% after the earnings were released, falling to $67.50 after closing with a 0.7% increase at $67.99.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
What to Expect When United Continental Reports After the Close
InterContinental is bringing two new hotel brands to Asia
U.K.-based InterContinental Hotels announced it is planning to bring two hotel brands to China and Asia Pacific.
Target shoppers can now make purchases through Google Home
Target Corp. said Thursday that consumers can now shop from Target using their voice and the Google Home device. Next year, shoppers will be able to link their Target website and Google accounts in order to store their favorite items. Target is also selling through Google Express across the continental U.S., with items from a shopper's local store available for home delivery. Beginning next year, RedCard holders will be able to get 5% off most purchases and free shipping, or purchases can be made available for pickup within two hours. Target shares are up almost 18% for the last three months, but down about 17% for the year so far. The S&P 500 index is up 14% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wal-Mart and United climb while Procter & Gamble slumps
Wal-Mart Stores and United Continental Holdings advance while Procter & Gamble declines
RPT-COLUMN-Oil drillers, not forecasters, are responsible for WTI weakness: Kemp
LONDON, Oct 2 (Reuters) - The U.S. Energy Information
Administration (EIA) is distorting oil prices by being far too
optimistic in its forecasts for U.S. production, according to
Harold Hamm, the chief executive of Continental Resources
Dow transports pull back sharply amid weakness in railroad stocks
The Dow Jones Transportation Average pulled back sharply Monday from the previous session's record close, to buck the rally seen in the broader stock market, amid weakness in railroad stocks after a downbeat note from Morgan Stanley. The Dow transports were down 45 points, or 0.5%, with 12 of 20 components losing ground. The biggest decliner is CSX Corp.'s stock , which is shedding 3.2% after the rail operator was downgraded to underweight at Morgan Stanley, which said there was "no green light yet" for investors to buy into the sector. Among the Dow transports' other rail companies, shares of Union Pacific Corp. slid 1.1% after being downgraded to equal weight at Morgan Stanley, Kansas City Southern fell 1.7% and Norfolk Southern Corp. gave up 0.6%. Those four stocks were shaving about 35 points off the Dow transports' price. Other big losers include shares of J.B. Hunt Transport Services Inc. , which lost 2.5% and United Continental Holdings Inc. , down 1.2%. Meanwhile, the Dow Jones Industrial Average surged 116 points, or 0.5%, to a record high.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-United Continental issues in public offering $400 mln principal amount of 4.25% senior notes
United Continental Holdings Inc(UAL). * United Continental Holdings(UAL) says issued in public offering of $400.0 million principal amount of 4.25% senior notes due 2022 guaranteed by United Airlines Source text: Further company coverage:
Airline stocks fall after J.P. Morgan downgraded United Continental, American and Spirit
The airline sector took a hit Friday, after J.P. Morgan downgraded some key players on concerns that rising fuel prices and continued pricing weakness make current earnings expectations unachievable. Shares of United Continental Holdings Inc. dropped 3.0%, Spirit Airlines Inc. fell 2.4% and American Airlines Group Inc. shed 0.8%, after analyst Jamie Baker downgraded all three air carriers to neutral from overweight. Elsewhere, shares of Alaska Air Group Inc. lost 2.7% and Delta Air Lines Inc. eased 0.2%. Bucking the trend, Southwest Airlines Co.'s stock , inched up less than 0.1%, after Baker upgraded the carrier to overweight from neutral, saying the recent selloff--down 15% over the past two months--makes the risk-versus-reward profile attractive for investors. JetBlue Airways Corp.'s stock tacked on 0.1%, after Baker raised his price target to $29 from $26, citing easier unit revenue comparisons and moderated capacity growth. The NYSE Arca Airline Index fell 0.7%. The sector tracker has shed 6.1% over the past three months, while the S&P 500 has gained 2.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-United Continental reports August 2017 operational performance
* United Continental Holdings Inc - preliminary Aug
consolidated rpms 20.39 billion, up 2.3 pct
United will not face fines after passenger dragging incident: U.S. official
WASHINGTON (Reuters) - The U.S. government told United Continental Holdings Inc it would not face fines after a 69-year-old man was dragged from a flight in April, a U.S. official said on Wednesday, a decision that was criticized by a passenger rights groups.
UPDATE 1-United will not face fines after passenger dragging incident -U.S. official
WASHINGTON, Sept 6 (Reuters) - The U.S. government told
United Continental Holdings Inc it would not face fines
after a 69-year-old man was dragged from a flight in April, a
U.S. official said on Wednesday, a decision that was criticised
by a passenger rights groups.
Kohl's and Intel climb while United and Newell sink
Kohl's and Intel rise while United Continental Holdings and Newell Brands decline
UPDATE 3-United Continental lowers Q3 forecast in wake of Harvey, N. Korea
Sept 6 (Reuters) - United Continental Holdings Inc
on Wednesday said third-quarter results will be sharply lower
than previously forecast, as Hurricane Harvey and geopolitical
tensions between the United States and North Korea weigh on the
United Continental cuts outlook on Harvey impact, fuel costs
United Continental cuts outlook for key revenue measure on Harvey impact, higher fuel costs
North Korea's Nuclear Test Drives Safe Haven ETFs Higher
North Korea conducted its sixth nuclear test that of a hydrogen bomb which can be mounted on an Inter Continental Ballistic Missile on September 3 2017 Not only did it trigger an artificial earthquake of magnitude 6 3 but also rattled the markets with Asian stocks falling while yen and
10-year Treasury yield sinks to lowest since Trump's election
The benchmark 10-year Treasury yield plunged to its lowest levels since Nov. 10, when President Donald Trump's election led to a selloff in government paper. Geopolitical concerns strengthened the bid for government paper and other assets perceived as havens, helping to push down the 10-year Treasury yield 7.9 basis points to 2.088%. Yields, which move inversely to bond prices, fell across the board in the first U.S. trading session since tensions heated up in North Korea over the weekend. North Korea tested a hydrogen bomb on Sunday, prompting the U.S. to tell the U.N. Security Council that Pyongyang was "begging for war." South Korea also warned that its northern neighbor is preparing to test its intercontinental ballistic missile this week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bentley's new 12-cylinder touring beast hits 207 mph
Continental GT is redone to make it more stylish and fuel efficient
FedEx resumes limited delivery service in two Texas cities
Aug 31 (Reuters) - FedEx Corp said on Thursday it
resumed limited delivery service in parts of Corpus Christi and
Victoria, Texas, previously halted by Hurricane Harvey, and was
running some ramp operations at Houston's George Bush
(Reporting by Eric M. Johnson in Seattle; Editing by Chris
Houston airports resume limited service
NEW YORK, Aug 30 (Reuters) - Storm-hit Houston airports
George Bush Intercontinental (IAH) and William P. Hobby (HOU)
will reopen for limited operations on Wednesday at 4 p.m. CT,
days after deadly flooding from Tropical Storm Harvey forced
them to close.
Lockheed will not protest US decision on ICBM replacement contract
Aug 30 (Reuters) - Lockheed Martin Corp said on
Wednesday it would not protest the U.S. Air Force's decision to
eliminate the weapons maker from competition for a contract to
replace the aging Minuteman III intercontinental ballistic
missile (ICBM) system.
BRIEF-Transcontinental Inc announced sale of 2 publications
* Co's media sector, TC media, announced sale of its two
BRIEF-United Airlines provides updated information on the impact of Hurricane Harvey
United Continental Holdings Inc(UAL): * United Airlines provides updated information on the impact of Hurricane Harvey.
BRIEF-TC Media sells six of its publications
TC Media: * TC Media sells six of its publications: Le Journal Saint-Francois, Le Soleil De Chateauguay, Brossard Eclair, Le Courrier Du Sud, L'information D'affaires Rive-Sud, and Le Reflet. * TC Media says TC Transcontinental also concluded a multi-year agreement for printing and distribution of six publications Source text for Eikon: Further company coverage:
U.S. Air Force awards contracts to Boeing, Northrop for ICBM replacement
The U.S. Air Force has awarded Boeing Co (BA) and Northrop Grumman Corp (NOC) separate contracts to continue work on the replacement of the aging Minuteman III intercontinental ballistic missile Ground-Based Strategic Deterrent, the Pentagon said on Friday.
U.S. Air Force advances two in ICBM replacement competition
Aug 21 (Reuters) - The U.S. Air Force has awarded Boeing Co
and Northrop Grumman Corp separate contracts to
continue work on the replacement of the aging Minuteman III
intercontinental ballistic missile Ground-Based Strategic
Deterrent, the Pentagon said on Friday.
BRIEF-Continental Materials Q2 earnings per share $0.61
* Continental Materials Corporation reports unaudited second
Colombia's Avianca may finalize partnership with United Continental this year -CEO
BOGOTA, Aug 15 (Reuters) - Colombian airline Avianca
Holdings expects to finalize a partnership with
United Continental Holdings Inc in 2017, although board
and regulatory approvals could delay finalization of the deal by
up to a year, the airline's chief executive, Hernan Rincon, said
BRIEF-Continental materials corp qtrly income per share $0.61
* Continental Materials Corp qtrly net sales $39.9 million versus $42.7
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