Like when the gate agent announced a formal boarding process only to remember that Barria was the sole passenger who would board, or when the pilot approached his seat to personally explain a delay in take-off due to a mechanical issue, rather than speak over the PA system. The two flight attendants invited Barria to sit in a first-class seat and went through the safety demonstration for Barria alone. Nearly vacant flights have become the norm for U.S. airlines, despite a drastic reduction in the number of planes they put in the air each day as passenger traffic has diminished in the midst of the new coronavirus gripping countries across the globe....
Becky Quick said on CNBC's "Options Action" that Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) sold some of its position in Delta Air Lines, Inc. (NYSE: DAL) and Southwest Airlines Co (NYSE: LUV).Berkshire's stake in these companies was above 10% and it had to report any change within a few days, she said. Berkshire sold 12.9 million shares of Delta and it now owns 9.2% of the company. It sold 2.3 million shares of Southwest and it now owns 9.9%.Berkshire's stake is these names is now below 10%, so we won't know what it is doing with its position going forward, Quick said. The company won't have to report again until 45 days after the close of the quarter.Quick added that Warren Buffett is not set to speak publicly until the Berkshire Hathaway annual meeting in May. See more from Benzinga * Mike Khouw's Dollar General Trade * 'Fast Money' Traders Weigh...
Insider buying can be an encouraging signal for potential investors.A number of insiders made return trips to the buy windows last week.Resort and railroad operators were among those seeing insider buying.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to take advantage of fallen share prices last week. The following are some of the most noteworthy insider purchases reported in the past week.A pair of beneficial owners took advantage of a direct offering to add a total of 955,500 or so Carvana Co (NASDAQ: CVNA) shares. At $45 per share, that cost them around $43 million. The used car company said it raised money for a restructuring effort.MGM Resorts International (NYSE: MGM)...
This weekend's Barron's examines the health of both the advertising industry and the internet.Other featured articles offer retail and biotech picks for after the pandemic, as well as relatively safe dividend aristocrats.Also, the prospects for a top telecom, the iPhone maker and more."Google and Facebook Can't Save the Advertising Industry This Time" by Eric J. Savitz points out that the advertising world is in crisis and there won't be an industry bright spot like there was in 2008. See what that could mean for Facebook, Inc. (NASDAQ: FB) and many others.Savitz's "Why You Don't Have to Worry About the Internet's Health" shows why the internet is doing just fine, even though Comcast Corporation (NASDAQ: CMCSA) says video streaming is up 38% and video chats and internet phone calls have soared 212%.In "Retail Winners and Losers for When We Can Spend Again," Jack Hough suggests that now is the time to consider...
(Bloomberg) -- New York State reported the most deaths in a single day while Italy, the nation with the most fatalities in the world, had the fewest since March 26. Spain plans to extend its lockdown.U.S. deaths rose to more than 7,500 and the global tally exceeds 62,000. At least a half-dozen cruise ships remain at sea with passengers and crew as companies navigate long trips and struggle to find ports willing to let them dock. The big question remains: When, and how, will this end?Key Developments:Global cases top 1.1 million; deaths exceed 62,000: Johns HopkinsBread lines are forming in Mar-a-Lago’s shadowThe virus is destroying ed jobs around the worldLandlords in peril as retailers withhold rentCruise ships, linked to the early spread, are still sailingThe maker of Purell gets tariff exclusionsNew York’s Deadliest Day (2 p.m. NY)New York, the worst-hit U.S. state, recorded the biggest daily death toll yet, adding 630...
