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  • N-Gas

    Yes , Now trading @ 175.50

    N_gas-SUPPORT
    Our Crucial Support Zone 173___________171, Now What to Expect ????

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    Updated At 3:54 pm 10/ Aug /Delhi/India

    N-Gas

    Yes , Now trading @ 175.50

    N_gas-SUPPORT
    Our Crucial Support Zone 173___________171, Now What to Expect ????

    This content is password protected. To view it please enter your password below:

    Updated At 3:54 pm 10/ Aug /Delhi/India

  • yellenFederal Reserve Chair Janet Yellen will likely keep the door open to an interest rate hike within the next few months when she speaks on Monday, while striking a balanced tone about recently disappointing jobs growth and mixed signals in the U.S. economy.

    Yellen’s speech to the World Affairs Council of Philadelphia at 12:30 p.m. ET (1630 GMT) will address the economy and monetary policy, and is the last public comment by U.S. central bankers before their June 14-15 meeting.

    The chances of a rate hike at that meeting were all but killed by a report showing the U.S. economy added only 38,000 jobs in May, muting recently upbeat data on consumer spending and overall growth. A sensitive British vote on European Union membership set for later this month is another reason for the Fed to wait.

    Economists now see July or September as more likely timing for a quarter-point policy tightening, after the central bank lifted off from near-zero rates in December.

    Yellen could note that the May report does not necessarily suggest a more permanent gloom for the labor market, where unemployment at 4.7 percent is at its lowest level since the beginning of the recession. On rates, she could repeat her line from a week-and-a-half ago that a rise could be appropriate “probably in the coming months.”

    Millan Mulraine, deputy chief economist at TD Securities in New York, said he expects the Fed Chair to reiterate a “relatively upbeat outlook on growth and inflation, while continuing to emphasize the need for caution.”

    While likely keeping a July rate hike on the table, Yellen “will emphasize that any decision to act will be highly data-dependent,” he wrote in a note to clients.

    The worst monthly jobs growth in more than 5-1/2 years comes as other parts of the world’s largest economy appear to have rebounded from a sluggish winter. U.S. inflation remains below a 2 percent target but has shown signs of stability.

    Earlier on Monday, Boston Fed President Eric Rosengren, a voter on policy this year, said that while rate hikes are on the horizon, the central bank will need to determine whether the employment report “is an anomaly or reflects a broader slowing in labor markets.”

    Updated At 7:43 Am /7  JUNE /Delhi/India

    yellenFederal Reserve Chair Janet Yellen will likely keep the door open to an interest rate hike within the next few months when she speaks on Monday, while striking a balanced tone about recently disappointing jobs growth and mixed signals in the U.S. economy.

    Yellen’s speech to the World Affairs Council of Philadelphia at 12:30 p.m. ET (1630 GMT) will address the economy and monetary policy, and is the last public comment by U.S. central bankers before their June 14-15 meeting.

    The chances of a rate hike at that meeting were all but killed by a report showing the U.S. economy added only 38,000 jobs in May, muting recently upbeat data on consumer spending and overall growth. A sensitive British vote on European Union membership set for later this month is another reason for the Fed to wait.

    Economists now see July or September as more likely timing for a quarter-point policy tightening, after the central bank lifted off from near-zero rates in December.

    Yellen could note that the May report does not necessarily suggest a more permanent gloom for the labor market, where unemployment at 4.7 percent is at its lowest level since the beginning of the recession. On rates, she could repeat her line from a week-and-a-half ago that a rise could be appropriate “probably in the coming months.”

    Millan Mulraine, deputy chief economist at TD Securities in New York, said he expects the Fed Chair to reiterate a “relatively upbeat outlook on growth and inflation, while continuing to emphasize the need for caution.”

    While likely keeping a July rate hike on the table, Yellen “will emphasize that any decision to act will be highly data-dependent,” he wrote in a note to clients.

    The worst monthly jobs growth in more than 5-1/2 years comes as other parts of the world’s largest economy appear to have rebounded from a sluggish winter. U.S. inflation remains below a 2 percent target but has shown signs of stability.

    Earlier on Monday, Boston Fed President Eric Rosengren, a voter on policy this year, said that while rate hikes are on the horizon, the central bank will need to determine whether the employment report “is an anomaly or reflects a broader slowing in labor markets.”

    Updated At 7:43 Am /7  JUNE /Delhi/India

  • airrrplane

    NEW YORK (Reuters) – Alaska Air Group Inc (N:ALK) said on Monday that it would buyVirgin America Inc (O:VA) for $2.6 billion to compete more effectively with larger airlines and become the top carrier on the U.S. West Coast.

    The deal appears to end what Alaska Air Chief Executive Officer Brad Tilden called a “hard-fought competition” to purchase Virgin America. JetBlue Airways Corp (O:JBLU) had also made an offer.

    The deal would create the fifth-largest U.S. airline in the latest in a series of mergers in the past decade that have shrunk the industry to a handful of companies. The top four control more than 80 percent of the U.S. travel market.

    Alaska Air said it might continue to use the Virgin America brand in some form. The offshoot of billionaire Richard Branson’s London-based Virgin Group has become famous for its mood lighting and media-rich entertainment on flights.

    Alaska Air said it was buying the California-based competitor to expand in Los Angeles and San Francisco and offer more connections to international airline partners. It would also benefit from Virgin America’s corporate contracts and cult-like status among travelers that work for technology companies.

    The combined company would retain Alaska Air’s Seattle headquarters.

    “While California is actually our second-biggest state in terms of flying, we don’t fly east-west out of there,” Tilden told reporters on a conference call Monday, noting the company had been considering an acquisition for a couple years.

    “We’ll go from serving one out of the top 10 destinations out of San Francisco to serving all 10.”

    Alaska Air said in a statement that the deal would generate $225 million in annual synergies once the companies are fully merged. It expects one-time integration costs of $300 million to $350 million.

    The company would pay $57 per share in cash, about 86 percent above Virgin America’s stock price before reports in March that the airline was considering a sale.

    The companies said they expected the deal to receive the necessary approvals from Virgin America shareholders and U.S. regulators by Jan. 1.

    Sterne Agee CRT analyst Adam Hackel said the deal would help Alaska Air compete with Delta Air Lines Inc (N:DAL) and American Airlines Group Inc (O:AAL), which have embarked on major expansions in Los Angeles.

    At the same time, this competition might help the deal to pass an antitrust review.

    Bank of America Merrill Lynch (N:BAC), UBS Investment Bank (S:UBSG) and Cowen & Co (O:COWN) were financial advisers to Alaska Air, while Evercore Group LLC advised Virgin America. Legal advisers were O’Melveny & Myers LLP to Alaska Air and Latham & Watkins LLP to Virgin America.

    airrrplane

    NEW YORK (Reuters) – Alaska Air Group Inc (N:ALK) said on Monday that it would buyVirgin America Inc (O:VA) for $2.6 billion to compete more effectively with larger airlines and become the top carrier on the U.S. West Coast.

    The deal appears to end what Alaska Air Chief Executive Officer Brad Tilden called a “hard-fought competition” to purchase Virgin America. JetBlue Airways Corp (O:JBLU) had also made an offer.

    The deal would create the fifth-largest U.S. airline in the latest in a series of mergers in the past decade that have shrunk the industry to a handful of companies. The top four control more than 80 percent of the U.S. travel market.

    Alaska Air said it might continue to use the Virgin America brand in some form. The offshoot of billionaire Richard Branson’s London-based Virgin Group has become famous for its mood lighting and media-rich entertainment on flights.

    Alaska Air said it was buying the California-based competitor to expand in Los Angeles and San Francisco and offer more connections to international airline partners. It would also benefit from Virgin America’s corporate contracts and cult-like status among travelers that work for technology companies.

    The combined company would retain Alaska Air’s Seattle headquarters.

    “While California is actually our second-biggest state in terms of flying, we don’t fly east-west out of there,” Tilden told reporters on a conference call Monday, noting the company had been considering an acquisition for a couple years.

    “We’ll go from serving one out of the top 10 destinations out of San Francisco to serving all 10.”

    Alaska Air said in a statement that the deal would generate $225 million in annual synergies once the companies are fully merged. It expects one-time integration costs of $300 million to $350 million.

    The company would pay $57 per share in cash, about 86 percent above Virgin America’s stock price before reports in March that the airline was considering a sale.

    The companies said they expected the deal to receive the necessary approvals from Virgin America shareholders and U.S. regulators by Jan. 1.

    Sterne Agee CRT analyst Adam Hackel said the deal would help Alaska Air compete with Delta Air Lines Inc (N:DAL) and American Airlines Group Inc (O:AAL), which have embarked on major expansions in Los Angeles.

    At the same time, this competition might help the deal to pass an antitrust review.

    Bank of America Merrill Lynch (N:BAC), UBS Investment Bank (S:UBSG) and Cowen & Co (O:COWN) were financial advisers to Alaska Air, while Evercore Group LLC advised Virgin America. Legal advisers were O’Melveny & Myers LLP to Alaska Air and Latham & Watkins LLP to Virgin America.

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