Despite becoming another airliner to file for bankruptcy, shares of American Airlines Corp. are jumping almost 9% early this morning.
Shares of Diamond Foods Inc. continue to fall 6.5% in early trading. The SEC will be launching an investigation, in addition to the company’s own internal accounting investigation.
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Morgan Stanley is trading 2.5% higher after announcing plans to cut 1,600 jobs in the first quarter of 2012. Other banks such as Goldman Sachs and Bank of America are also trading higher in pre-market trading.
FedEX Corp. is jumping 4% after profits beat analysts’ estimates. The company also ordered 27 Boeing Co. 767 jet freighters to retire older planes. Yesterday, Southwest ordered 208 Boeing 737s valued at $19 billion.
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On Thursday, Texas Instruments announced it will move its stock listing on January 1 to the Nasdaq Global Select Market. Currently, shares trade on the New York Stock Exchange. “This move will enhance our public visibility while offering our shareholders cost-effective access to advanced trading technologies,” Texas Instruments said. Shares are up 1% this morning.
Shares of International Business Machines are edging higher after saying it would purchase Emptoris Inc., a cloud-based software firm with 725 employees.
Discover Financial Services is edging .15% higher after reporting fourth quarter results. Net income for Discover Financial Services rose to $513 million (95 cents per share), compared to $349.6 million (64 cents per share) in the same quarter a year earlier. This marks a rise of 46.7% from the year earlier quarter.
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