By Christopher Hinton
Pension portfolios at some of the nation’s top corporations have seen a sharp
drop in value this year as the recession hammers away at the stock market,
leaving many pension plans without enough funds to cover their promised benefits.
That leaves companies in a sticky situation. Though U.S. law says defined-pension
plans don’t have to be [...]
Altria to buy dipping-tobacco maker UST for $11.7B
Deal may help to shore up Altria’s foundering smoking-tobacco sales
By Christopher Hinton, MarketWatch
Last Update: 9/8/2008 8:40:00 AM
NEW YORK (MarketWatch) — Tobacco giant Altria Group Inc. said Monday it plans to
buy dipping-tobacco maker UST Inc. for $11.7 billion, boosting the Marlboro
maker’s presence in the still-growing market for snuff at [...]
Airline shares descend as oil prices rebound
By Christopher Hinton, MarketWatch
Last Update: 6/20/2008 3:13:00 PM
NEW YORK (MarketWatch) — Airline stocks were declining Friday on rebounding oil
prices.
The Amex Airline Index (XAL) slipped 7.5% to 17.99 points with all of its 14
components in the red. The index climbed more than 10% in prior-day trading after
China said it would [...]
Next up for airlines: credit downgrades
Sector benchmark plumbs new depths; crude firms above $130 a barrel
By Christopher Hinton, MarketWatch
Last Update: 1:17 PM ET May 23, 2008
NEW YORK (MarketWatch) — Airlines reversed direction Friday and headed south,
losing altitude on higher benchmark oil prices and analyst downgrades.
The Amex Airline Index (XAL) fell nearly 3.6% at last check [...]
Airlines rally as stronger dollar pressures oil
By Christopher Hinton, MarketWatch
Last Update: 10:09 AM ET Apr 29, 2008
NEW YORK (MarketWatch) — Airline stocks got a much-needed boost on Tuesday as a
stronger dollar was putting pressure on oil prices.
The Amex Airline Index (XX:$XAL) rose 1.8% to 22.18 points. All but one of its 14
components traded to the [...]
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