More utility companies are proposing or petitioning for rate increases, to cover their costs. I know we’re all jumping for joy over the prospect of paying more for electric and gas:
PEG PROPOSES INCREASING IN WINTER NATURAL GAS PRICES BY ABOUT 20%
- Cites wholesale supply prices as the catalyst for price raise.
AirTran delays getting 18 Boeing aircraft, appears they are putting it off for a couple of years.
ORLANDO, Fla., May 30 /PRNewswire-FirstCall/ — AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI - News), announced today that it will defer 18 Boeing 737-700 aircraft originally scheduled for delivery between 2009 through 2011 to 2013 through 2014.
"As we stated during our first quarter earnings call, as a result of continuing record high fuel costs, we are reducing planned growth for September, 2008, through at least 2009 from 10 percent to no more than flat. This transaction will accomplish a substantial portion of that plan," said Bob Fornaro, AirTran Airways’ President and CEO. "We appreciate the support of Boeing in this action as a part of their commitment to our long-term success."
HankiePankie Paulson is saying there needs to be more investment in oil producing countries to boost output. We need the investment HERE, you xxxx! Ok, so CNBC guys aren’t the only ones who make me want to cuss.
The market is doing the usual "up on low volume, down on better volume", but overall volume is so-so. I guess things are moving too slowly for some, as "takeover chatter" that boosts certain stock prices is being heard about many stocks this morning.
8 Comments
May 30th, 2008 at 1:50 pm
According to Yahoo Finance: “British Bankers Association has decided not to change the methodology used to determine the LIBOR rate.” Gee, let ‘em keep cheating and stealing.
May 30th, 2008 at 1:55 pm
Window Dressing Day.
May 30th, 2008 at 2:48 pm
Lisa, smile! Here is your afternoon dose from the seers at CNBC.com. Barf bag ready? “With the U.S. economy narrowly avoiding recession and inflation concerns rising, the dollar should advance further next week, though any sign of new job losses will dull its appeal and derail a sustained recovery.”
May 30th, 2008 at 2:51 pm
Recovery from what?? They can’t even acknowledge anything has happened, let alone have a ‘recovery’. We already HAVE seen new job losses! Thank you, ecklebob, for saving me from the bulk of their drivel.
May 30th, 2008 at 2:57 pm
It’s a tough, dirty, nauseating chore, but we gotta know what the enema… uh, I mean the enemies propaganda is.
May 30th, 2008 at 3:37 pm
“Bad boys. Bad boys. What ya gonna do”? John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.
Dr. Marshall, a retired professor at St. John’s University and a fixture on the Wall Street lecture circuit, was accused by the Securities and Exchange Commission in March of passing inside information about a multibillion-dollar corporate takeover to a professor at Pace University. The Pace professor, Alan L. Tucker, made more than $1 million trading on the tips in 2007, according to the S.E.C. The Justice Department has filed criminal charges. (source: the hated propaganda machine known as CNBC.com)
May 30th, 2008 at 3:46 pm
Here is a link to the Doug “Perma-Bear” Kass article on financials and why he has actually turned bullish.
http://www.thestreet.com/story/10418903/1/kass-money-in-the-banks.html
If you notice the other articles he has written, he has been a raging bear for seemingly years.
May 30th, 2008 at 4:45 pm
Thanks for the post, Dave. ‘Ya done ticked me off, though, because now I have to take the time to show why I think this guy is a head case.