Schaeffer's Trading Floor Blog

Buzz Stocks: Delta Air Lines, Ford Motor, Yahoo!, and Boeing

Today's hot stocks to watch in the news include NWS, DAL, F, YHOO, and BA

by 12/3/2012 9:07 AM
Stocks quoted in this article:

December is set to start off in the black, with U.S. stock futures headed higher this morning. In stock news, Delta is hoping to bolster its European operations, while Yahoo! has gotten some bad news out of Mexico. Here are some other stocks making news today:

  • Earnings news: LDK Solar Co., Ltd (ADR) (NYSE:LDK) revealed a third-quarter loss of $1.08 per share, wider than year-ago readings. For the current quarter, the firm expects revenue of $230 million to $290 million, south of analysts' projections of $552.4 million. (MarketWatch)

  • Reports out of the U.K. confirm that News Corp (NASDAQ:NWS) is moving on its planned split into two entities, which will result in a newspaper arm and book publishing business. As such, several high-level positions will soon be affected. By the end of December, current CEO of News International -- which most notably oversees The Times -- will step down, while the managing editor of The Wall Street Journal could be appointed as the new CEO of NWS' entire publishing operation. (The Telegraph)

  • To gain a stronger presence in London's Heathrow airport, Delta Air Lines, Inc. (NYSE:DAL) is seeking a 49% stake in Virgin Media Inc.'s (NASDAQ:VMED) air carrier, Virgin Atlantic. Because the European Union (EU) requires airlines to be European controlled, DAL is considering a partnership with Air France-KLM to acquire a majority stake in the carrier, which is currently held by VMED founder Richard Branson. (Reuters)

  • Ford Motor Company (NYSE:F) has issued two recalls for its 2013 model year -- the Escape crossover and the Fusion sedan with 1.6-liter Ecoboost engines. Both are at risk of overheating and catching fire; owners are being urged to bring the vehicles in for service immediately. (USA Today)

  • A Mexican federal court ruled Yahoo! Inc. (NASDAQ:YHOO) should pay a $2.7 billion fine after a proposed Yellow Pages listing service deal went south. Analysts note this hefty payout is unlikely to stand, as it might actually exceed the total revenue generated by Internet advertising in the country. (USA Today)

  • As labor talks have so far proven unsuccessful, the union representing The Boeing Company's (NYSE:BA) engineers is hoping to avoid a one-day unauthorized walkout on Wednesday. The aerospace giant and the union have agreed to a sit down with a mediator on Tuesday. (Chicago Tribune)

  • Beleaguered grocery-store chain SUPERVALU INC. (NYSE:SVU) is hoping Cerberus Capital Management, together with its partners, will come to its rescue with a buyout solution. The entire company is reportedly valued around $5 billion, but Cerberus may also just be interested in taking over the Albertsons line of chains. (The Wall Street Journal -- subscription required)

  • Thanks to his popular line of Beats headphones, Dr. Dre nabbed the number-one slot on the list of highest paid musicians during the past 12 months, with $110 million. Roger Waters of Pink Floyd is the unlikely second-place winner, with $88 million, and Elton John comes in third with $80 million. Poor little Justin Bieber? Barely made it into the top 10 with $55 million this past year. (Forbes)


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