(AP) — United Airlines has agreed to buy Continental in a $3 billion-plus deal that would make the world’s largest carrier with a commanding position in several top U.S. cities.The new United would surpass Delta Air Lines in size, which should help it attract more high-fare business travelers.
Posts Tagged ‘Executive Chairman’
United, Continental to merge
May 4th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 1 Billion, Airline Industry, Airlines Continental, American Airlines, Business Travelers, Continental Airlines, Continental Airlines Inc, Continental Ceo, Delta Air Lines, Domestic Markets, Executive Chairman, Hubs, Longtime Advocate, Majority Stake, Merger Of Equals, Parent Company, Shanghai, Shareholders, United Airlines, Us Airways 
Comments OffCME Group, Dow Jones form joint venture
February 11th, 2010 Before You Invest (Crain’s) — CME Group Inc. announced Wednesday that it was forming a joint venture with Dow Jones & Co. to make a global financial index services business.The announcement came after a week of speculation that a deal, specifically one in which CME would buy Dow Jones’ index business, was in the works.The Chicago-based futures and options exchange has apparently been eyeing some kind of deal with Dow Jones for months.CME Group would own 90% of the joint venture, which will be called CME Group Index Services.
Posted in Finance Fraud Tags: Business Information Products, Cme, Data Offerings, Dow Industrials, Dow Jones, Dow Jones Index, Dow Jones Industrial, Dow Jones Industrial Average, Equity Index, Executive Chairman, Financial Index, Futures And Options, Growth Opportunities, Index Business, Index Services, Options Contracts, Options Exchange, Proprietary Product, Regulatory Approval, Revenue Streams Comments OffCME profit dips 20%, still beats Street
October 29th, 2009 Before You Invest (Reuters) — CME Group Inc. said on Thursday its adjusted quarterly profit dropped 20 percent, beating expectations, as cost-cutting helped the huge derivatives exchange operator stem slumping volumes.Expenses fell 10 percent in the third quarter, while average daily volume dropped 23 percent, CME said, adding foreign exchange and energy contracts have so far made October a “strong volume month.”"As the economy continues to stabilize, there is room for further organic growth in our core business,” CME Executive Chairman Terry Duffy said in a statement.The world’s top derivatives exchange is sensitive to a possibly huge regulatory revamp of markets.
Posted in Finance Fraud Tags: Commodity Market, Core Business, Cost Cutting, Daily Volume, Derivatives, Dips, Duffy, Energy Contracts, Exchange Operator, Executive Chairman, Financial Crisis, Foreign Exchange, Market Position, Organic Growth, Quarterly Profit, Regulators, Reuters, Slump, Thursday Morning, Transaction Fees No Comments »CME’s Nymex buy helped it beat Q2 forecasts
July 23rd, 2009 Before You Invest CME Group Inc.’s second-quarter profit jumped 10%, beating analyst expectations, as the company cut expenses and boosted per-contract trading fees.The exchange operator’s second-quarter results include operations at the New York Mercantile Exchange, which were not included in the year-earlier figures. CME Group bought Nymex during the third quarter of 2008.Net income for the quarter finished June 30 rose to $222 million from $201 million a year earlier.
Posted in Finance Fraud Tags: Agricultural Markets, Analyst Expectations, Cme, Contract Fees, Current Energy, Earnings Per Share, Exchange Operator, Exchange Volume, Executive Chairman, Fee Discounts, Forecast Earnings, Group Executive, Interco, New York Mercantile, New York Mercantile Exchange, Nymex, Quarter Ended June, Quarter Profit, Quarterly Results, York Mercantile Exchange No Comments »Police raided the headquarters of Anglo Irish Bank in Dublin yesterday morning
February 25th, 2009 Before You Invest Countdown to raid on Anglo:May 2007 Anglo Irish Bank’s shares peak at more than €17 each July 2008 A so-called “golden circle” of ten investors secretly buys a 10 per cent stake in the bank September 30 Government unveils a €400 billion guarantee scheme for six banks, including Anglo Irish December 18 Sean FitzPatrick, the chairman, resigns and admits he hid more than €80 million in secret loans from shareholders Decemeber 19 David Drumm, the chief executive, resigns December 21 Government recapitalises Anglo with €1.5 billion December 29 Shares plummet to 12 cents January 15, 2009 The Government is forced to nationalise Anglo January 16 Shareholders call for the board to be sacked January 19 Five board members resign February 10 Irish Life & Permanent’s €7 billion deposit to boost Anglo’s balance sheet is revealed February 20 Donal O’Connor, the new executive chairman, reveals that it gave loans worth €451 million to ten customers last year to buy shares in the bank.
Posted in Finance Fraud Tags: Anglo Irish Bank, Balance Sheet, Board Members, Corporate Scandals, David Drumm, December 29, Director Of Corporate Enforcement, Donal, Economic Woes, Executive Chairman, Guarantee Scheme, Irish Life, Irish Republic, Irregularities, O Connor, Office Of The Director Of Corporate Enforcement, Police Officers, SeáN Fitzpatrick, Stock Market, Yesterday Morning No Comments »
