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CHICAGO, May 19 (Reuters) - Pilots at American Airlines (AAL.O) have reached an agreement in principle on a new contract, their union said on Friday. The Allied Pilots Association (APA), which represents over 13,000 pilots at the Texas-based carrier, said it will move forward with completing contractual language of the contract before presenting it to its board for an approval. The deal comes over two months after Delta's pilots ratified their contract that includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores the bargaining power pilots are enjoying as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

☆ Factbox: Pilots, airlines seek to strike new contracts ahead of peak travel season
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

SOUTHWEST AIRLINES CO (LUV.N):The Southwest Airlines Pilots Association (SWAPA) in May said its members at the company approved a strike mandate. It added that 98% of its members participated in the vote and 99% voted in favor of authorizing a strike. UNITED AIRLINES HOLDINGS INC (UAL.O):Last year, ALPA said 94% of the nearly 10,000 United Airlines pilots voted to reject a contract offer. SPIRIT AIRLINES INC (SAVE.N):In January, ALPA said pilots at Spirit Airlines voted to ratify a new contract. More than 97% of the union members took part in the vote and 99% of them authorized union leaders to call a strike, if needed.

☆ Teens should be trained before entering the world of social media, APA says
▼ + stars: | 2023-05-09 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

“Social media is neither inherently harmful nor beneficial to our youth,” said Dr. Thema Bryant, the APA’s president. The recommendations emphasize that adolescents should have instruction in social media literacy and psychological development before joining social media as well as occasional training to bolster their knowledge as they go along, all to minimize potential harm. They also advise that social media use should be tailored to the child’s developmental stage — and monitored by adults in the case of younger children. But how do you convince a teenager to get on board with safer social media use? Teens are experiencing much of their social life on social media, and rather than shame it, we should collaborate with the younger generation, she said.

☆ Devon Energy tops profit estimates on strong demand, boosts share buyback
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Shale oil producer Devon Energy (DVN.N) on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. Energy companies have started boosting investor returns since last year with the excess cash they generated aided by higher crude prices. While crude price fell during the first quarter, nearly 20% lower compared to last year when prices soared to multi-year peaks following Russia's invasion of Ukraine, they were still high enough for producers to remain profitable. Shale producers Marathon Oil Corp (MRO.N), APA Corp (APA.O) and EOG Resources also posted profit above estimates last week, helped by strong crude prices and demand. Reporting by Sourasis Bose in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Marathon, APA profits beat on higher oil price, tighter supply
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - U.S. shale oil producers Marathon Oil Corp (MRO.N) and APA Corp (APA.O) on Wednesday topped Wall Street's first-quarter profit estimates on strong crude prices and demand. APA lowered its full-year capital spending estimate to about $1.9 billion from about $2 billion, citing a decrease in natural gas output. Total oil production rose 4% in the January-March quarter to 197,185 barrels per day (bpd). Rival Marathon said its quarterly oil production increased 10.7% to 186,000 bpd. It forecast second-quarter oil production of about 190,000 bpd, or around the mid-point of its full-year outlook.

☆ American Airlines pilots vote to authorize strike
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

May 1 (Reuters) - A union representing American Airlines Group Inc (AAL.O) pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April to put pressure on the Texas-based carrier for higher salary and better working conditions, even as the two sides closed in on an agreement in principle. More than 96% of the APA membership participated in the vote and over 99% voted in favor of authorizing a strike, the union said in a statement. The finish line is in sight," American Airlines said in a statement. The airline's pilots received their last pay increase in 2019.

☆ American Airlines pilots vote for potential strike while airline says negotiations are progressing
▼ + stars: | 2023-05-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pilots talk as they look at the tail of an American Airlines aircraft at Dallas-Ft Worth International Airport. American Airlines pilots have voted overwhelmingly to allow their labor union to call a strike while the carrier said talks for a new contract are getting close to a conclusion. More than 96% of American's pilots participated in the vote and 99% of them voted to allow the union to call a strike, the Allied Pilots Association said Monday. The APA called the strike authorization vote in March as talks for a new deal dragged on. A spokeswoman for American Airlines said the carrier believes a deal is "within reach" and that a "handful" of issues are left to complete.

☆ Health Plan Coverage of Abortion and Related Services
▼ + stars: | 2023-05-01 | by ( Practical Law Employee Benefits | Executive Compensation | ) www.reuters.com time to read: +36 min

The Dobbs ruling, which returned the regulation of abortion to the individual states, has led to legislation that restricts abortion, including medication abortion, in many states. In response to the rapidly changing post-Dobbs legal landscape, this article addresses health plan coverage of abortion, medication abortion coverage and litigation, abortion-related travel benefits, and related Practical Law resources concerning these topics. The insurer in a fully insured health plan, health maintenance organization (HMO), or similar arrangement:Assumes the risk of providing health coverage for insured events by paying medical costs for eligible claims incurred under the plan. Self-Funded Health PlansBy contrast, employers with self-funded arrangements may have more discretion in providing coverage for abortion and related services. Changes to plan coverage of medication abortion will likely require plan administrators to:(For more on coverage of medication abortion, see Newly Launched, ReproductiveRights.gov Website Addresses Access to Medication Abortion (Mifepristone) Using Telehealth on Practical Law.)

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Final Trades: Starbucks, Abbvie, Microsoft & APA Corp.
▼ + stars: | 2023-04-11 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Starbucks, Abbvie, Microsoft & APA Corp. The final trades of the day. With CNBC's Melissa Lee and the Fast Money traders.

CNBC Pro looked at the 100-day rolling correlations of S & P 500 stocks to West Texas Intermediate futures to see which names tend to follow oil the closest. In other words, when oil rises, these stocks tend to follow it higher. Clorox and General Mills both have negative current correlations to oil. In other words, when oil rises, these stocks have fallen lately. Both stocks are underperforming oil this week, with Clorox losing 0.1% and General Mills advancing just 1.7%.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ US energy stocks join European peers' rally after surprise oil output cut
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

April 3 (Reuters) - U.S. energy stocks hit an over one-month high on Monday, following a rally in European peers as crude prices rose more than 6% following a surprise announcement by Saudi Arabia and other OPEC+ oil producers to cut production. The S&P 500 energy index (.SPNY) added 4.2%, eying its best day in six months, while the benchmark S&P 500 (.SPX) traded flat. So any amount of oil price incrementally higher from here is very good for margins and it's very good for these stocks." Other oil producers Occidental Petroleum (OXY.N), ConocoPhillips (COP.N), Devon Energy (DVN.N), Marathon Oil (MRO.N) and APA Corp (APA.O) gained between 6.3% and 9.5%. Alastair Syme, head of energy research at Citi, said investors had recently been reducing the weight of energy stocks in their portfolios, and that any move to re-weight would likely benefit most of the largest cap stocks.

☆ Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
▼ + stars: | 2023-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.

☆ American Airlines pilots 'near' reaching agreement on new contract - union memo
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, April 3 (Reuters) - Pilots at American Airlines (AAL.O) are "near" reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters. American pilots, who received their last pay increase in 2019, have been protesting for a new contract. Both American Airlines and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. "Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines' operation," the APA said. American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.

☆ Wall Street lines up against SEC chair Gary Gensler on one of his most controversial proposals
▼ + stars: | 2023-03-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +15 min

However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Auctions: the industry lines up against it The auction proposal has generated a large volume of comment letters to the SEC. He has said investors today need a better understanding of how well their trading orders are being executed. Theoretically, the SEC could vote on any or all of the four proposals in a shorter time period. This is just the start This is just the start of many proposals in front of the SEC.

BRUSSELS, March 21 (Reuters) - EU antitrust regulators have raided a company active in the energy drinks sector in several EU countries on suspicion of taking part in a cartel and also abusing its dominance, the European Commission said on Tuesday. Austrian energy drinks maker Red Bull confirmed that its premises had been searched, the Austrian news agency APA reported, although the company declined further comment when contacted by Reuters. "The Commission has concerns that the inspected company may have violated EU antitrust rules that prohibit cartels and restrictive business practices," the EU enforcer said in a statement. "The inspected company may also have violated EU antitrust rules that prohibit abuses of a dominant position." Companies found breaching EU antitrust rules face fines of as much as 10% of their global turnover.

☆ Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more
▼ + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Credit Suisse — Shares of Credit Suisse plunged 25% after its biggest backer, Saudi National Bank, said it won't provide the Swiss bank with further financial help. First Republic Bank — The regional bank stock tumbled 23%, giving back some of Tuesday's gains as turmoil at Credit Suisse rattled the broader sector and S&P Global Ratings downgraded its debt rating to BB+ from A-. U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. Energy stocks — Major energy stocks took a hit as oil stooped to its lowest level in more than a year. New York Community Bancorp — The regional bank stock jumped more than 5%, bucking the broader sell-off trend in banking names.

☆ American Airlines pilots' union calls strike authorization vote as contract talks continue
▼ + stars: | 2023-03-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Pilots talk as they look at the tail of an American Airlines aircraft. American Airlines pilots' union plans to hold a vote next month on whether to allow members to call a strike as talks for a new labor contract continue. "While our Negotiating Committee reports good progress, we remain steadfast and focused that now is the time to reach an agreement with American Airlines," the American Airlines pilots' union said Thursday. They had approved a strike authorization vote in the fall, about a month before reaching a preliminary deal with the company. Even if American pilots' union called a strike it would not be immediate; airline strikes are extremely rare in the U.S. and would follow a lengthy process involving federal mediators.

☆ 3 reasons why a major student-loan lender thinks millions of borrowers should be thrown back into repayment, with or without debt relief
▼ + stars: | 2023-03-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Student-loan lender SoFi filed a lawsuit to end the student-loan payment pause. The administration pushed back on the lawsuit, saying the payment pause is legal. Here are three reasons why SoFi thinks it's time for millions of student-loan borrowers to start paying off their debt. SoFi has suffered revenue loss from the payment pauseSoFi laid out direct harm the student-loan payment pause has caused its business. If the court does not end the entire student-loan payment pause, SoFi is asking that borrowers ineligible for broad relief reenter repayment and place a permanent injunction preventing the Education Department from giving those borrowers additional relief.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ American Airlines flight crew involved in a near collision with a Delta plane at JFK 'refused' to sit down for recorded interviews with authorities
▼ + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The American Airlines crew involved in a near-collision have "refused" to be interviewed by authorities. The report said that "the flight crew refused to be interviewed on the basis that their statements would be audio recorded for transcription." American Airlines did not immediately respond to Insider's request for comment about the interviews. In a statement given to the Wall Street Journal, American Airlines said it is cooperating with the NTSB investigation. The 153 passengers and six crew members on the Delta plane and 137 passengers and 12 crew members on the American plane were all uninjured, the NTSB's preliminary report said.

☆ NTSB subpoenas American Airlines flight crew in JFK runway incursion
▼ + stars: | 2023-02-10 | by ( Ross Levitt | ) edition.cnn.com time to read: +3 min

CNN —The National Transportation Safety Board, which is investigating a near miss incident on the JFK runway last month, has issued a subpoena for the testimony of the American Airlines pilots involved. “American Airlines cleared the flight crew’s schedule to ensure their availability; however, the flight crew refused to be interviewed on the basis that their statements would be audio recorded for transcription,” the NTSB preliminary report says. “As a result of the flight crew’s repeated unwillingness to proceed with a recorded interview, subpoenas for their testimony have been issued.”The NTSB report says the American Airlines 777 crossed an active runway without clearance from air traffic control, causing a Delta 737 to abort its takeoff. Investigators have accepted written statements from the Delta crew and determined that they contain “sufficient information.”As CNN has previously reported, the American Airlines flight continued on to London’s Heathrow airport. The NTSB says the American crew, through their union, the Allied Pilots Association, would not consent to the interview.

☆ APA strikes oil off Suriname coast
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Feb 8 (Reuters) - U.S. oil producer APA Corp (APA.O) said on Wednesday that it had found oil after drilling Sapakara South-2 (SPS-2) appraisal well in Block 58, offshore Suriname. Exploration off the South American country's coast has been watched closely as it is just over the border from massive oil discoveries made by an Exxon Mobil Corp (XOM.N)-led consortium in Guyana that are estimated to hold nearly 11 billion barrels of oil equivalent. The well is located about 4.6 kms south of the Sapakara South-1 (SPS-1) appraisal well, where APA found oil in 2021. The company had in November wound up drilling operations at the Awari well in Block 58 as it was "deemed noncommercial." French energy major TotalEnergies SE (TTEF.PA) operates Block 58, with a 50% working interest, while APA holds the other half.

☆ These are the top 10 holdings of the AI-driven investment fund powered by Watson that has been crushing the market this year
▼ + stars: | 2023-02-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI Powered Equity ETF has doubled the performance of the S&P 500 so far in 2023. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson. One ETF has been utilizing aspects of artificial intelligence to drive its investment decisions since its launch in 2017: the AI Powered Equity ETF. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson supercomputer. Norwegian Cruise Line HoldingsTicker: NCLH% of ETF: 1.9%Industry: Cruise Ships6.

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