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  • American Air Keeps Price War Alive With Vow to Match Cheap Fares
    Finance
    Bloomberg2 hours ago

    American Air Keeps Price War Alive With Vow to Match Cheap Fares

    American Airlines Group Inc. will “absolutely, positively” match discount fares from low-cost rivals, Chief Executive Officer Doug Parker said, signaling no end in sight for a price war that has knocked down industry shares this summer. Big airlines such as American, United Continental Holdings Inc., and Delta Air Lines Inc. are competing against discounters with a new no-frills fare class called basic economy, which offers cheaper prices in exchange for fewer amenities.

  • These four fund managers’ secret to success: Don’t go with your gut on stocks
    Business
    MarketWatch11 minutes ago

    These four fund managers’ secret to success: Don’t go with your gut on stocks

    Are you the type of investor who goes with your gut or follows the herd? Or do you deliberate, considering a company from all angles — even trying to find the flaws in your own thinking? Taking the extra time can help you improve the performance of your investments. This recent article by Charlie Bilello provides plenty of food for thought, using two-year stock charts for McDonald’s Corp. MCD, +0.47%  and Chipotle Mexican Grill Inc. CMG, -0.07%  as examples. The two stocks have taken divergent paths in that span: Hardly anybody predicted that Chipotle would suffer so badly — and for so long — from the food-safety problems that began in July 2015. Remember that, before Chipotle’s decline, many

  • Sprint, T-Mobile Are in Serious Merger Talks
    News
    The Street2 hours ago

    Sprint, T-Mobile Are in Serious Merger Talks

    The parent companies of T-Mobile USA (TMUS) and Sprint Corp. (S) have been engaged in serious merger talks, CNBC reported Tuesday.  T-Mobile parent company Deutsche Telecom (DTEGY) would emerge as the majority owner if the United States' third and fourth largest mobile carriers did complete a deal, according to CNBC sources.  T-Mobile and Sprint have flirted with a merger for years and sources say that any potential deal between the two companies now is still weeks away.  A deal would also face stiff regulatory scrutiny due to the market share each company possesses.  T-Mobile shares were up 4.4% to $64.48 Tuesday afternoon while Sprint shares were up 7.87% to $8.28 per share.