Notable ETF Movers of the Day 12/11: (FAA) (SMH) Higher; (XHB) Lower
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Analyst Calls Tone of Texas Instruments (TXN) Guidance 'Subdued'
December 11, 2012 9:16 AM ESTYesterday Texas Instruments (NASDAQ: TXN) updates its fourth-quarter 2012 business outlook. Mid-point Q4 revenue was unchanged, and EPS was raised by a penny to 34 cents. Analyst Romit Shah of Nomura Securities said he viewed the company's commentary about end markets "subdued".
"PCs continue to... More
Delta Air Lines (DAL) to Invest $360M for 49% of Virgin Atlantic
December 11, 2012 8:03 AM ESTDelta Air Lines (NYSE: DAL) and Virgin Atlantic Airways Ltd. have reached an agreement for a new joint venture that will create an expanded trans-Atlantic network and enhance competition between the U.K. and North America, offering greater benefits for customers traveling on those routes.
As part of this joint venture agreement, Delta will invest $360 million in Virgin Atlantic, acquiring a 49 percent stake currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51 percent stake and Virgin Atlantic Airways will retain its brand and operating certificate.
... More
UPDATE: Texas Instruments (TXN) Lowers Q4 Revs Outook; Moves EPS Midpoint Higher
December 10, 2012 4:31 PM EST(Updated - December 10, 2012 4:36 PM EST)
Texas Instruments Incorporated (TI) (NASDAQ: TXN) today narrowed its expected ranges for revenue and earnings per share (EPS).
The company currently expects its financial results to be within the following ranges:
* Revenue: $2.89 3.01 billion compared with the prior range of... More
