In the news this morning Delta is considering a stake in Virgin Atlantic, Health Management Associates Rebuts “60 Minutes” and a possible merger in the gravel industry. There's also lots of noise about the Fiscal Cliff, although we refuse to call what's happening in Washington “negotiations”.
Delta Air Lines
Delta (DAL) is considering buying the 49% of Virgin Atlantic Airways currently owned by Singapore Airlines according to media reports. The stake would likely allow Delta to land flights at London's Heathrow Airport, where Virgin Atlantic has landing rights. Heathrow is a key destination for business travelers.
Health Management Associates
Shares of Health Management Associates (HMA) were lower Monday after a segment on the CBS program “60 Minutes” was critical of the hospital operator's admissions policies. The company issued a statement denying that it was involved in any wrongdoing and called the report “inaccurate.”
Martin Marietta Materials
Gravel producer Martin Marietta Materials (MLM) could explore a friendly offer for rival Vulcan Materials (VMC) instead of launching another hostile takeover bid according to reports in the Wall Street Journal.
Bank of America
Bank of America (BAC) has reportedly decided to delay plans to revamp its checking account products until late 2013. The changes would have resulted in higher fees for millions of customers.