This is good because a better debt rating means lower borrowing costs...
New York, February 24, 2015 -- Moody's Investors Service has changed its rating outlook on American Airlines Group, Inc. ("AAG") to positive from stable, upgraded four of the company's Enhanced Equipment Trust Certificates ("EETCs"), and affirmed all other ratings including the B1 Corporate Family Rating ("CFR").
The emerging U.S.-led deal that would allow Iran to enrich uranium at a limited rate, with the restrictions easing over time, poses a “great danger” to the Western world and Israel from a “messianic, apocalyptic” nation, Israel’s defense minister declared Monday.
The next 9/11 may be nuclear.
(Reuters) - An American Airlines plane slid off a taxiway at Dallas-Fort Worth International Airport on Monday due to icy conditions, an airline spokeswoman said.
There were no injuries among the 63 passengers and five crew members aboard the aircraft, which was attempting to maneuver from one taxiway to another when its nose wheel skidded and got stuck in the mud around 9:06 p.m. local time, said airline spokeswoman Andrea Huguely.
The Federal Communications Commission is scheduled to vote on the most significant Internet regulations in history, two commissioners are asking Chairman Tom Wheeler to delay the vote and release his proposal to the public. “We respectfully request that FCC leadership immediately release the 332-page Internet regulation plan publicly and allow the American people a reasonable period of not less than 30 days to carefully study it,” Republican Commissioners Ajit Pai and Michael O’Rielly said in a statement Monday. “Then, after the commission reviews the specific input it receives from the American public and makes any modifications to the plan as appropriate, we could proceed to a final vote.”
The commission is set to vote on Wheeler’s aggressive proposal — which will regulate Internet service providers as public utilities and set new standards for speed and pricing — on Thursday, when it is expected to pass by a partisan vote of 3-2.
Why would politicians push for government control of the most dynamic wealth-generating invention in human history? Think of the billions of dollars in lobbyist money that will flow into washington DC if they can make or break companies like Facebook and Twitter simply depending on how they "interpret" the fuzzy, outdated regulation they are using to seek control of the internet. There will be winners and losers but the American public will be the biggest loser.
GENEVA (AP) — The United States and Iran are working on a two-phase deal that clamps down on Tehran's nuclear program for at least a decade before providing it leeway over the remainder of the agreement to slowly ramp up activities that could be used to make weapons.
Officials from some of the six-power talks with Iran said details still needed to be agreed on, with U.S. and Iranian negotiators meeting Monday for the third straight day ahead of an end-of-March deadline for a framework agreement. U.S. Secretary of State John Kerry joined the negotiations after arriving Sunday.
A breakthrough was not expected before Kerry returns to Washington later Monday. Still, Western officials familiar with the talks cited long-awaited progress on some elements that would have to go into a comprehensive deal. They described the discussions as a moving target, however, meaning changes in any one area would have repercussions for other parts of the negotiation.
The idea would be to reward Iran for good behavior over the last years of any agreement, gradually lifting constraints on its uranium enrichment program and slowly easing economic sanctions.
Iran says it does not want nuclear arms and needs enrichment only for energy, medical and scientific purposes, but the U.S. fears Tehran could re-engineer the program to another potential use — producing the fissile core of a nuclear weapon.
Lannett Company, Inc. (LCI) is cashing in on the demand for generic drugs. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the triple digits in fiscal 2015.
Lannett, with a $2 billion market cap, makes thyroid, cardiovascular and pain management generic drugs.
On Feb 4, Lannett reported its fiscal second quarter 2015 results and blew by the Zacks Consensus Estimate by $0.15. Earnings were $1.21 compared to the Consensus of $1.06.
Net sales jumped 71% to $114.5 million as strong sales and gross margin across several product areas boosted the quarter. It was the 9th consecutive quarter of record net sales.
The company also has pricing power and has been able to raise prices, which has contributed to the strong growth.
For the first 6 months of fiscal 2015, net sales jumped 84% to $208.2 million.
Lannett doesn't see performance slowing in the second half of the fiscal year. It raised net sales guidance to a range of $395 million to $405 million from $370 million to $390 million.
The analysts are equally as bullish. 3 estimates were raised since the earnings report for fiscal 2015 pushing the Zacks Consensus up sharply to $4.02 from $3.59.
That's earnings growth of 103% as the Lannett only made $1.98 last year.
After more than a decade of bankruptcies, big mergers and billions of dollars in losses, the airline industry is headed for a year of surging profits, analysts say.
A big part of that surge reflects the sharp drop in oil prices. But airlines have also grappled with capacity issues, added more efficient aircraft and cultivated an array of ancillary fees to help feather their nests.
Fourth-quarter earnings and 2015 outlooks across the industry received a big boost from oil prices that fell 50% from June through December. The cost of jet fuel, which accounts for nearly a third of airline costs, also tumbled.
An employee refuels an Alaska Airlines 737-800 at Seattle-Tacoma International Airport in Seattle. Low fuel prices are just one element in forecasts...
An employee refuels an Alaska Airlines 737-800 at Seattle-Tacoma International Airport in Seattle. Low fuel prices are just one element in forecasts... View Enlarged Image
Jet fuel spot prices are down 47% from last year's highs, but that's not the actual cost for most airlines. Most still operate according to hedge contracts negotiated before the sharp drop in oil, and therefore pay a higher price. Month by month, as more hedges expire and new ones are arranged, airlines lock in the current price scheme.
Anyone watching oil prices knows market conditions could change in a flash and alter the outlook.
"The wild card is oil and economic strength, and seat capacity growth," said Vaughn Cordle, analyst and founder of Ionosphere Capital, which works with some of the largest institutional investors. "Europe, Asia and South America have shown some weakness, but the U.S. domestic (airline) market is solid and the capacity growth moderate because of the industry's consolidation."
Loopholes in Obama’s interim nuclear framework deal with Iran from November 2013 have allowed Iran to make significant advances in its nuclear weapons program while still formally abiding by its commitments under the agreement. Iran has stopped enriching uranium to 20 percent purity levels, and sufficed with enriching uranium to 3.5% purity. But at the same time it has developed and begun using advanced centrifuges that enrich so quickly that the distinction between 3.5% and 20% enrichment levels becomes irrelevant. Iran has made significant advances in its ballistic missile program, including in its development of intercontinental ballistic missiles designed to carry nuclear warheads. It has continued its development of nuclear bombs, and it has enriched sufficient quantities of uranium to produce one to two nuclear bombs.
According to leaked reports, the permanent nuclear deal that Obama seeks to convince Iran to sign would further facilitate Iran’s ascension to the nuclear club. Among other things, the deal will place a time limit on the already ineffective inspections regime, thus blinding the world entirely to Iran’s nuclear activities.
At the same time that Obama is facilitating Iran’s emergence as a nuclear power, he is doing nothing to stop its regional empowerment. Today Iran controls Syria, Iraq and Yemen and holds sway over Lebanon and Gaza. It threatens Saudi Arabia, and its Muslim Brotherhood allies threaten Egypt and Jordan.
Sen. Tim Kaine (D-VA) worried such a pact could be enacted without the Senate's approval and warned, "[T]he end result [of these negotiations] is more likely to be a North Korean situation."
Former Secretary of State Henry Kissinger, criticized the talks in remarks before the Senate Armed Forces Committee. "Nuclear talks with Iran began as an international effort, buttressed by six UN resolutions, to deny Iran the capability to develop a military nuclear option," he recounted. "They are now an essentially bilateral negotiation over the scope of that capability through an agreement that sets a hypothetical limit of one year on an assumed breakout. The impact of this approach will be to move from preventing proliferation to managing it."
In short, Obama has conceded the main point as he's led from behind.
From a conservative blog:
The U.S. has eased sanctions against Iran, while the mullahs kept working on their nuclear program under the guise of peaceful use. It won't be long before sanctions are gone and Iran has its nuclear bomb. Kissinger fretted that other Middle East nations could then engage in a nuclear arms race. It's not inconceivable that Saudi Arabia, Egypt and Turkey could quickly follow Iran. If Iran has nukes, these nations will reason it's in their own security interests to obtain them in order to balance their regional foe.
Nor should we forget the effect this would have on Israel, which is calling the nuclear deal with Iran "bad and dangerous." Prime Minister Benjamin Netanyahu has warned us before about Iran, saying, "Iran is not your ally. Iran is not your friend. Iran is your enemy. It's not your partner. Iran is committed to the destruction of Israel." (He could have added the part about the "Death to America" chants that are a staple of Friday prayers in Tehran.)
Netanyahu has allies in Congress, where the sentiment to expand sanctions against Iran is much stronger. In the past, Israel has threatened to go it alone in destroying Iran's nuclear program, and it may yet come to that. We'll see what the Israeli leader says when he addresses Congress in March.
Regardless, by continually appeasing this rogue regime, Barack Obama has further destabilized the situation and once again shown his reverse Midas touch in world affairs.
You are correct. Biotech Analyst Meg Terrel talked about this on CNBC's Fast Money and specifically mentioned Celgene as being vulnerable.
Looking at the quarterly Income statements, revenue was flat for three quarters then jumped 42% in Dec qtr..
I love the pop in stock price, but can anyone explain the revenue increase?
Will we be flat for the next three quarters, then pop around Christmas?
Facebook had a rocky start but once it broke back through its IPO price the stock doubled. I expect resistance around 23, but if BOX breaks through that it can soar.