Getting better, changing the economics of healthcare, but will the trend mean higher bills for you . All that and more tonight on nightly Business Report for tuesday, august 13th. And good evening everyone. Buckle your seat belts and make sure your trey tables are upright and locked that planned 11 billiondollar merger between American Airlines and u. S. Air hit an air pocket today courtesy of the u. S. Justice department. Eric holder and six state attorneys general soon to blocked merger says the deal will stifle competition after a wave of airline competitions in recent years. Says the government says it could lead to bigger prices. Shares of u. S. Airways falling 13 day and amr corp, which is currently in bankruptcy but trading nose dived a staggering 45 . Hampton pearson has more on the suing and what it might mean for the few tear for the merger. Reporter at the airport across from the justice deputy, anti trust Department Says they would have 69 of the take off and landing spots.
Corporate america wont come through, a sign that super high stock prices are not justified is one reason stocks sold off today. Technology, internet, biotech stocks and a lot of Small Cap Companies were swept up in the sell off. Here is are run down, the dow lost 117 closing below the key 17,000 mark, the nasdaq tumbled by 60, a decline of 1 and s p off by 14 points. The First Company to report numbers, alcoa earned 18 cents a share that excludes special accounting items and a beat of six cents a share. Management says global aluminum demand will grow 7 this year, shares moved higher in after hours trading. That strong Second Quarter at alcoa reflects a new strategy as it transitions from a commodity provider. Morgan brennan has more. Reporter alcoa shed light on a big much er shift from aluminm to industrial. Its a transformation in high gear, you see the value at business makes up roughly 59 off the revenues but almost 70 off the profits. Reporter alcoa is concentrating on producing
Corporate america wont come through, a sign that super high stock prices are not justified is one reason stocks sold off today. Technology, internet, biotech stocks and a lot of Small Cap Companies were swept up in the sell off. Here is are run down, the dow lost 117 closing below the key 17,000 mark, the nasdaq tumbled by 60, a decline of 1 and s p off by 14 points. The First Company to report numbers, alcoa earned 18 cents a share that excludes special accounting items and a beat of six cents a share. Management says global aluminum demand will grow 7 this year, shares moved higher in after hours trading. That strong Second Quarter at alcoa reflects a new strategy as it transitions from a commodity provider. Morgan brennan has more. Reporter alcoa shed light on a big much er shift from aluminm to industrial. Its a transformation in high gear, you see the value at business makes up roughly 59 off the revenues but almost 70 off the profits. Reporter alcoa is concentrating on producing
Getting better, changing the economics of healthcare, but will the trend mean higher bills for you . All that and more tonight on nightly Business Report for tuesday, august 13th. And good evening everyone. Buckle your seat belts and make sure your trey tables are upright and locked that planned 11 billiondollar merger between American Airlines and u. S. Air hit an air pocket today courtesy of the u. S. Justice department. Eric holder and six state attorneys general soon to blocked merger says the deal will stifle competition after a wave of airline competitions in recent years. Says the government says it could lead to bigger prices. Shares of u. S. Airways falling 13 day and amr corp, which is currently in bankruptcy but trading nose dived a staggering 45 . Hampton pearson has more on the suing and what it might mean for the few tear for the merger. Reporter at the airport across from the justice deputy, anti trust Department Says they would have 69 of the take off and landing spots.
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