Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.58% BRK.B, -0.48% redeemed more than a quarter of its stake in Wells Fargo & Co. WFC, + 1.11% and about 61% of its position in JPMorgan Chase JPM, + 0.03%, while taking on a new position at Barrick Gold Corp. GOLD, -0.55%, according …
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Shares of American Airlines Group Inc. AAL, + 0.60% It rose 3.3% in pre-market trading on Monday, after Raymond analyst James Savanthi Syth moved away from its bearish stance on the airline, citing a more balanced risk-reward scenario after the recent liquidation. . Syth raised its rating to market performance, …
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Text size Joe Raedle / Getty Images Major airlines survived what was probably the worst quarter in modern aviation history. Carriers lost billions of dollars, as expected, and the issue that emerged is that their recovery stalled in July when Covid-19 cases increased and states imposed quarantine measures. Most airlines …
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American Airlines Group Inc. AAL, -0.95% recorded a large loss for the second quarter, as the trips were decimated by the coronavirus pandemic. The operator said it had a net loss of $ 2,067 billion, or $ 4.82 per share, in the quarter, after revenue of $ 662 million, or …
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Text size The two airlines plan to code share flights and integrate some of their networks. Bloomberg (2) JetBlue Airways and American Airlines Group are forming an alliance in which they plan to share flight codes and integrate some of their networks. It could be a sign of industry consolidation …
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