US Airways Presses Takeover, Gamestop Beats Activision: Consumer Business Recap
US Airways Group (NYSE:LCC) continues its mission to acquire AMR Corp’s (AAMRQ.PK) bankrupt American Airlines, by appealing to that firm’s unsecured creditors committee, according to sources. The group’s Tuesday session is being followed by a Wednesday meeting with representatives of the latter company, which is now hoping to leave bankruptcy as a stand-alone carrier, said participants who wish to remain anonymous.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now.
As of November 14th, General Motors Company (NYSE:GM) is recalling 15,575 Buick, Chevrolet and Cadillac passenger cars for correction of potential safety problems with air bags and head restraints. Specifically, vehicles involved include the 2012 Buick Verano, Chevrolet Cruze, and Sonic compacts (air bags) and the 2013 Cadillac XTS sedans (restraints).
The video game company GameStop Corp. (NYSE:GME) on Tuesday beat out Activision Blizzard (NASDAQ:ATVI) by selling more than 1 million units of Call of Duty: Black Ops II, topping the latter’s previous sales record. President Tony Bartel if the Grapevine, which is based in Texas, commented that “Black Ops II is shaping up to be our biggest game launch of all time. “GameStop sold more than 1 million units worldwide during our midnight launch period.”
Don’t Miss: Is This Gaming Stock Cheap Enough to Buy?