Airline Stocks Rise on US Airways Talks
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Airline stocks moved higher Friday after US Airways Group Inc. moved closer to a deal with its pilots, which is needed to keep the carrier aloft.
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The aviation-electronics company's shares are rising -- along with its profit projections.
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US Airways and its pilots union said on Saturday that they were willing to resume talks over a &#36;295 million package of concessions, as time ran short for the company to strike giveback deals with its labor groups and avert another trip into bankruptcy.
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U.S. stocks rose on Monday as demand   for technology shares such as Apple Computer Inc. AAPL.O and   for semiconductor shares helped lift the Nasdaq more than 1   percent.
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US Airways Group Inc.  swung to a third-quarter profit from a year-ago loss, topping Wall Street forecasts on strong demand and rising fares, the airline said on Thursday.
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Shares of Continental Airlines  gained more than 9 percent on Tuesday, a day after the No. 4 U.S. carrier reported a monthly revenue increase that far surpassed expectations.
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US News, NEW YORK - US stocks climbed on Thursday, after durable goods data pointed to a healthy pace of activity in the factory sector and another report showed an improvement in consumer sentiment for December, but the session was expected to be quiet
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Europe&#39;s main stock markets rose Wednesday on the back of takeover talk in the hotels sector, sparked by a huge private equity-backed deal for US group Hilton Hotels Corporation.
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European equity markets ended higher on Tuesday, shrugging off early losses, as airline stocks were lifted by merger speculation, while industrial groups gained on earnings expectations.
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Software stocks rose on Friday on speculation there may be more mergers in the industry after a US judge allowed Oracle Corp. to proceed with its takeover of rival PeopleSoft Inc.
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NEW YORK US stocks rose Monday after the software maker PeopleSoft accepted Oracle&#39;s buyout offer and data showed better-than-expected November retail sales, signaling an uptick in consumer spending.
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European shares hit new 2-1/2 year highs  on Friday, with British Airways up 1 percent after it raised  its revenue outlook and beat forecasts, and with the market  focusing on U.S. employment data due later in the day.
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U.S. stocks rose on Friday after  reports showed U.S. economic growth in the second quarter  matched economists' forecasts and consumer sentiment picked up  above expectations in late August, but volume was feather light  ahead of the upcoming Republican convention in New York City.
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European tobacco stocks were lifted by bid activity on Thursday which helped equity markets nudge higher as investors awaited interest rate decisions from both the European Central Bank and the Bank of England.
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Negotiations on $295 million in concessions between US Airways Group Inc. (UAIR.O: Quote, Profile, Research) and its pilots union appeared back on track on Saturday
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Shares of Airbus parent EADS rose after a report that the company's board will approve the launch of a new mid-sized jet to rival Boeing Co.'s 787 Dreamliner at a meeting Friday in Amsterdam.
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Stocks gained in volatile trading on Thursday, with the Nasdaq up more than 1 percent, boosted by a deal for tax rebates to stimulate the U.S. economy and earnings that sparked some optimism about corporate profits.