Tough summer expected to hurt American&#39;s 3rd quarter
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FORT WORTH, Texas _ Intense competition, rising fuel prices and the wave of hurricanes in Florida socked American Airlines&#39; finances last month, executives said Wednesday, and will likely hurt the airline&#39;s third-quarter results.
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Corporate deal makers started the summer hoping an improved economy would make this merger season a hot one. As the bullish stock market and other merger-friendly conditions fizzled, however, so did their hopes.
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The economy sprinted ahead at its fastest pace in four years during the summer, although it is expected to limp through the final three months of this year as the housing and credit debacles weigh on individuals and businesses alike.
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A closely watched measure of future economic activity fell in August for a third consecutive month, reflecting an uncertain climate for both businesses and consumers.
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Soaring crude prices plus worries about the economy and the outlook for earnings are expected to hang over the stock market next week during the depth of the summer doldrums.
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At 73 years of age, with half a trillion dollars already to manage, the Capital Group Cos.&#39; American Funds have lately caught a second wind.
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NEW YORK -- US benchmark bonds suffered their worst quarter in more than a year as stronger-than-expected economic growth pushed interest rates higher and reduced the likelihood of a Federal Reserve interest rate cut this year.
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na tough year on Wall Street, Israel A. Englander should be riding high. His $3.5 billion in hedge funds are up more than 8 percent - at a time when the stock market is barely up for the year.
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The AMR Corporation, the parent of American Airlines, said late Wednesday that it would probably not meet its revenue forecasts for the busy August travel season because
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A key gauge of future economic activity weakened for a third straight month in August as costlier oil spread worry among consumers and businesses, a report from a business research group showed on Thursday .
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Callaway Golf Co., which has struggled in recent months amid lackluster demand for its equipment, warned yesterday that its results for the third quarter and the year could be far below previous forecasts.
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The electronics retailer has a tough quarter, as expected.
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A weak U.S. dollar is expected to affect profitability.
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A key gauge of future economic  activity weakened for a third straight month in August as  costlier oil spread worry among consumers and businesses, a  report from a business research group showed on Thursday .
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Soaring crude prices plus worries  about the economy and the outlook for earnings are expected to  hang over the stock market next week during the depth of the  summer doldrums.
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NEW YORK, Sept. 29 -- Historically, third quarters are losers. Over the past 16 years, the Standard & Poor's 500-stock index has on average lost 2 percent between the end of June and the end of September. "Sell in May, stay away," the Wall Street adage goes.
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The electronics company warns on third-quarter earnings.