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Victory for U.S. Airways and American Airlines as judge denies DOJ's request for March start date.
TheStreet highlights 5 stocks pushing the services sector higher today.
Judge sets a date of Nov. 25 for a trial on the American/US Airways merger.
American and US Airways want to merge and could deal with the DOJ if the trial date is soon. If it is delayed, who knows?
The trading panel said to watch the Chicago PMI data to determine whether to sell the housing sector.
Hearing on reorganization plan shifts for second time, to Sept. 12, following antitrust lawsuit.
US Airways Group was a winner within the transportation industry, rising $0.62 (4.0%) to $15.96 on average volume
Judge Kollar-Kotelly must decide how soon to go to trial.
Doug Parker and his team from America West have spent nine years pursuing a merger, which now is in doubt.
The bankrupt carrier will go to court again in its dogged pursuit of getting its marriage consummated, but it may be doing so because a reorganization as an alternative solution carries many uncertainties.
U.S. stocks rose Wednesday as oil prices moderated after surging to multi-year highs on concern about a widening of Syria's civil war.
Bankruptcy proceeding no reason to rush merger case discovery, government says.
The Justice Department says American will do fine without a merger: The airline's July results appear to back that up.
Buying Ford makes sense but avoid Permian Basin Royalty Trust, Cramer said.
It's hard to hate a market that's making so many new highs, Cramer said.
Investing in legacy airlines has risks but the industry is worth consideration.
AMR's record $292 million profit in July is a sign that the carrier can compete on its own even as it lobbies for a merger with US Airways.
Airlines shares are up this year, but their ascent could be threatened by fuel price shock or merger rejection.
American and US Airways clearly expect to benefit if their merger is allowed to close. But executives at the two carriers should check out what happened after two big rivals hooked up.
The airlines' high-profile legal lineup asks for Nov. 12 start date.
Labor leaders call on Pennsylvania's attorney general as lawyers call for November court date in merger case.
U.S. stock futures are mixed; Pandora issues weak guidance; Carl Icahn to meet with Apple's Tim Cook; Moody's reviewing banks.
The attorney general needs to remind the rest of his department that he is in charge.
Delta Airlines shares are up 175% over two years, but small investors apparently have not yet caught on.
The markets have been dreading the latest news from the Fed all week, Cramer said. Now the markets are sluggish.
Delta, as US Airways' biggest competitor, should benefit if US Airways can't get stronger in a merger. But analysts aren't so sure.
US Airways may have been caught off-guard by the DOJ's challenge to its planned deal with AMR. What looked like a simple defense has blossomed into tough litigation.
Teamsters once hoped to represent mechanics at the combined American/US Airways, but recent events have extinguished that hope.
Obama's crime-fighters shoot themselves in the foot; Bill Ackman exits, stage left; Tim Armstrong wants us to accept his apology; airline insanity; and more.
US Airways and American thought, to the last minute, that DOJ would approve their merger after approving three others like it. They didn't.
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