U.S. Airways’ Altitude and 3 Stocks Charting Headwinds
Exxon Mobil (NYSE:XOM): Although Abu Dhabi invited ExxonMobil (NYSE:XOM), Shell (RDS-A) and Total (NYSE:TOT) to participate in the pre-qualifying bidding process for developing the city’s large onshore oil fields, it did not ask BP (NYSE:BP) to join.
US Airways (NYSE:LCC): The Federal Aviation Administration has imposed a $395,850 civil penalty against US Airways, Inc. for allegedly violating U.S. Department of Transportation hazardous materials regulations – the fine emerged from an inspection of the airline’s facilities at Hartford’s Bradley International Airport last month. A previous fine was imposed in May for alleged violations that involved 12 flights in and out of the airport between Feb. 26 and May 12, 2010.
United Technologies (NYSE:UTX): According to Reuters, United Technologies’ (NYSE:UTX) may soon receive approval from EU regulators for its $16.5 billion acquisition of Goodrich, after it agreed to dispose of certain Goodrich assets including electrical power generation ops in the U.S. and U.K., and U.S. engine control activities.
Dynergy (NYSE:DYN): Holding company Dynegy Inc filed for bankruptcy to enable a merger with subsidiary Dynegy Holdings with the creditors being allotted a 99 percent stake in the merged entity. Dynegy Holdings filed for Chapter 11 protection in November to restructure billions of dollars in debt.
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