New York Times Columnist & CNBC Squawk Box (@SquawkCNBC) Co-Anchor. Author, Too Big To Fail. Founder, @DealBook. Proud father. RTs ≠ endorsements

Airfares stay high, thanks to mergers

old.seattletimes.com — Originally published Tuesday, March 24, 2015 at 10:03 AM Just more than two years ago, one of the nation's airline trade organizations called the industry "hypercompetitive" and declared "airfare remains a bargain." At the time, the Justice Department was weighing the competitive implications of a merger between American Airlines and US Airways, around two years after the merger of United and Continental.

As Oil Prices Fall, Airfares Still Stay High

cnbc.com — For proof, look no further than airline ticket prices. Over the last year, oil prices have dropped by more than 50 percent. Motorists filling up at their local gas stations know that prices at the pump have dropped precipitously.

As Oil Prices Fall, Air Fares Still Stay High

nytimes.com — Just over two years ago, one of the nation's airline trade organizations called the industry "hypercompetitive" and declared "airfare remains a bargain." At the time, the Justice Department was weighing the competitive implications of a merger between American Airlines and US Airways, just a year after the merger of United and Continental.

Pointing Fingers in Apple Pay Fraud

cnbc.com — A raft of headlines over the last week about unusually high fraud rates from thieves using stolen credit numbers on Apple Pay has exposed what many of the banks privately acknowledge they have been trying to fix for months.

Banks Find Fraud Abounds in Apple Pay

nytimes.com — When Apple was planning its Apple Pay electronic payment system last summer for its iPhones, the nation's banks raced to be included among the first credit card issuers associated with the new technology.

PNC Joins Banks Not Financing Mountaintop Coal Removal

nytimes.com — Last week, with little fanfare, PNC Financial, the nation's seventh-largest bank, disclosed a significant strategic shift. The bank said it would no longer finance coal-mining companies that pursue mountaintop removal of coal in Appalachia, an environmentally devastating practice that has long drawn opposition.

A Warning From Buffett About Banks

cnbc.com — He goes on to say that "a few years later, bankers - bearing straight faces - again appear and just as earnestly urge spinning off the earlier acquisition in order to 'unlock shareholder value.' Spinoffs, of course, strip the owning company of its purported 'control value' without any compensating payment."

A Warning From Buffett About Banks

nytimes.com — "Money-shufflers don't come cheap." That was Warren E. Buffett's latest salvo against Wall Street from his annual letter to shareholders published over the weekend. Mr. Buffett has long ridiculed the financial industry, but this year's letter, laced with references to bankers, lawyers and consultants as "a lot of mouths with expensive tastes," seemed to amp up the pugnacity and was clearly noted by the industry, which pored over the letter.

Targeted by U.S. Prosecutor, Hedge Fund Fights Back

cnbc.com — Mr. Ganek's lawsuit contends that the warrant supporting the raid "falsely represented" that he was involved in insider trading. The lawsuit cited the courtroom testimony of the Level Global analyst, who never implicated Mr. Ganek, the lawsuit said. And the government never charged Mr. Ganek, though they labeled him an "unindicted co-conspirator."

Amex’s Loss in Court May Not Help Consumers

nytimes.com — Last week, a federal judge handed down a major ruling against American Express, deciding that the brand-name card issuer had engaged in anticompetitive practices for more than a decade. The court ruled that a part of American Express' contract with merchants known as a "nondiscrimination provision" had led to less competition, not more, and pushed consumer prices higher.
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Mar 25, 2015

@trigtrader i dont want that from a policy perspective at all. but 3g has used debt before so had to ask...

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