If You Got Delta Airlines Stock in the Northwest Merger, Dump It Now



a large air plane on a runway: delta (dal stock) airlines plane


© Source: Markus Mainka / Shutterstock.com
delta (dal stock) airlines plane

The 12th anniversary of the merger between Northwest Airlines and Delta Air Lines (NYSE:DAL) is coming up on Oct. 29. If you were a Northwest shareholder in 2008 and are still holding DAL stock, you made out like a bandit. 



a large passenger jet sitting on top of a runway: delta (dal stock) airlines plane


© Provided by InvestorPlace
delta (dal stock) airlines plane

If you haven’t sold after 12 years, you probably shouldn’t now, despite the damage the novel coronavirus has inflicted on the airline industry.

The merger between the two airlines was valued at $3.4 billion. Northwest shareholders got 1.25 shares of Delta stock for every share they held in the Minneapolis-based airline (Delta’s headquartered in Atlanta).  

“We appreciate that stockholders recognize the benefits the Delta-Northwest merger will offer our company, customers, employees, and the communities we serve. This is another milestone toward completing a merger that brings together two

Read More

Continue Reading

Bento for Business Leverages A.I. to Revolutionize Expense Receipt Management

CHICAGO–(BUSINESS WIRE)–Bento for Business (“Bento”), award-winning SMB fintech solution, launched a suite of new platform enhancements that transforms how businesses manage and reconcile expense receipts. The most innovative of these features is AutoMatch, which utilizes A.I. to automatically match the picture of a receipt taken by any mobile device to the corresponding transaction, saving significant time normally spent cross-referencing receipts to transactions.

Expanding upon the convenience of AutoMatch, another new feature allows individuals to easily organize and reconcile digital receipts by simply forwarding the digital receipt from their email account registered with Bento to a designated email address. Bento will then automatically match it to the correct transaction.

As part of Bento’s mission to consistently deliver ways to create efficiencies for finance teams, business owners and employees, the platform will now also automatically email a reminder at the beginning of each month for prior month transactions to all

Read More

Continue Reading

Four Corners Motorcycle Rally cancels most downtown Durango events

The Four Corners Motorcycle Rally has canceled nearly all events scheduled to take place in downtown Durango after concerns were raised by some members of the public about the potential spread of the novel coronavirus.

The rally, which occurs over Labor Day weekend, had planned about 20 events at 10th Street and Main Avenue, including a block party, concerts and happy hours.

But Trevor Bird, owner of Durango Harley-Davidson, said organizers decided to withdraw the permit application for the events after an article published in The Durango Herald on Tuesday about the rally prompted concern in the community.

“Based on feedback from concerned people here in the community … we felt it was in the best interest to cancel the events down on Main and 10th,” Bird said. “We want to be a good community partner.”

Now, the only planned event for the rally in downtown Durango is a 30-minute

Read More

Continue Reading

UN: Digital finance becomes lifeline during Covid-19 crisis

UNITED NATIONS, Aug 27 (Xinhua): A United Nations report launched said that digital finance has become a lifeline during the crisis caused by the Covid-19 (coronavirus) pandemic.

“The unprecedented social and economic crisis caused by the Covid-19 pandemic has put a spotlight on the role of digital finance in providing relief for millions around the world, supporting businesses and protecting jobs and livelihoods,” read a report by the UN Secretary-General’s Task Force on Digital Finance, launched by the UN chief Antonio Guterres.

While the pandemic demonstrates the immediate benefits of digital finance, the disruptive potential of digitalization in transforming finance is immense. Mobile payment technologies have transformed mobile phones into financial tools for more than a billion people, said the report.

The report highlights how billions of people around the world are responding to the COVID-19 pandemic using digital tools to work, spend and socialize. It argues there is an

Read More

Continue Reading

Paytm Payments Bank enables banking services through Aadhaar Cards

Paytm Payments Bank

Image Source: Paytm Payments Bank

Paytm Payments Bank Ltd (PPBL) announced the integration of Aadhaar-enabled Payment System (AePS) for cash withdrawal, balance enquiry, and mini statement.

Customers can now access these basic banking services through the business correspondent of any banking and financial institution in the country. Soon, features like cash deposit, interbank fund transfer, etc. will also be made live.

Speaking about the initiative, Satish Kumar Gupta, CEO and Managing Director, Paytm Payments Bank said,

“We have continued with our efforts to expand the digital banking network in the country and benefit millions of our customers with innovative features and unmatched service. With AePS, we are aiming to accelerate the financial inclusion in our country and ensure that people in the remotest part of India are able to access complete banking services.”



AePS is an NPCI-led model, which allows online interoperable financial inclusion transaction at

Read More

Continue Reading

MIKE BROWN: Mississippi sees surge in consumer finance complaints during the coronavirus | Opinion

From people a world over to those in Mississippi, the coronavirus pandemic has exacted a devastating physical, emotional, and financial toll.

On that last one, mass unemployment coupled with businesses either shutting down for good or operating at reduced capacity has forced budgets to shrink and finances to become desperate for many consumers.

And according to a new report from LendEDU, consumers have been dealing with an unusually high number of financial issues during the pandemic.

LendEDU’s research looked at the Consumer Financial Protection Bureau’s (CFPB) consumer complaint database, which gives aggrieved consumers an avenue to file complaints against the banks, lenders, or other financial institutions they do business with.

Specifically, LendEDU looked at the number of consumer finance complaints filed between March 13, 2020, (when President Trump declared a national emergency due to the coronavirus pandemic) and July 17, 2020, and then compared those figures to those from the

Read More

Continue Reading

Former Quinn Insurance director Kevin Lunney settles with Central Bank

Former Quinn Insurance Limited (QIL) director Kevin Lunney has reached a settlement with the Central Bank, following an investigation into his alleged involvement in transactions as far back as 2005 that would threaten the insurer’s financial standing.

It follows on from another one-time QIL director, Liam McCaffrey, agreeing a similar settlement last December, and brings the inquiry involving the two men to a close.

A Central Bank spokesman declined to comment on the terms of the settlements. The bank said that costs of the five-year inquiry, including seven days of public hearings last year before a three-person panel led by retired High Court judge Mr Justice Iarfhlaith O’Neill, will be published “in the near future”.

In May 2015, the Central Bank ordered an inquiry be set up to look into allegations that Mr McCaffrey, former chief executive of Quinn Group and one-time director of QIL, and Mr Lunney had been

Read More

Continue Reading

Why Inovio Pharmaceuticals Stock Dropped Today

What happened?

Shares of Inovio Pharmaceuticals (NASDAQ: INO) closed Wednesday’s trading session down by 6.8% after dropping by as much as 12.3% earlier in the day, despite the company not reporting any news. However, the biotech stock has been in sell-off mode for the past month (or so), and today is likely a continuation of that trend. 

So what

Inovio’s stock went on a tear during the first half of the year — gaining as much as 860% — mostly thanks to its efforts to develop a vaccine for COVID-19. But the company’s stock plunged after it released interim data from its phase 1 clinical trial for its coronavirus vaccine candidate, INO-4800, on Jun. 30. And although the biotech somewhat recovered from this setback, its shares started dropping again and gave up more than 40% in August. There are several factors fueling these losses for Inovio. 

Five downward pointing arrows on a blackboard.

Image source: Getty Images.

Read More

Continue Reading

XAU/USD consolidates $1,930, key support line, US NFP probe bears

  • Gold prices seesaw around weekly low after bouncing off an ascending trend line from March 20.
  • Wall Street’s selling rout, central bank buying by developing countries couldn’t recall the bulls amid US dollar strength.
  • Markets may witness the typical pre-NFP trading lull while Sino-American tension and US stimulus headlines may offer intermediate moves.

Gold keeps pullback moves from $1,921.97, the one-week low, near $1,932 during the pre-Tokyo open Asian trading on Friday. The yellow metal dropped for the second day in a row on Thursday despite staging consolidation from near-term key support line. While US dollar strength could be considered as a major driving force for the bullion’s latest downside, traders’ cautious sentiment ahead of the American employment figures can be spotted as probing the bears.

All eyes on NFP…

With the recently mixed US economics, coupled with the Federal Reserve (Fed) policymakers’ dovish tone, August month employment indicators from

Read More

Continue Reading

Biden’s top economic priority isn’t what you think

Democratic presidential nominee Joe Biden has plans to expand health care, rebuild infrastructure, help college students, address climate change and build more affordable housing. But none of those things is his top economic priority.

Instead, Job 1 for Biden on the economy is corralling the coronavirus. “Virus control is step one, and there is no step two or three without step one,” Biden economic adviser Jared Bernstein told Yahoo Finance in a recent interview. “He takes that extremely seriously.”

Biden unveiled a plan to combat the coronavirus in mid-March, when he was still battling Sen. Bernie Sanders for the Democratic nomination. Around the same time, President Trump declared a national emergency, to help speed the development of coronavirus testing and the production of protective equipment. At the time, it wasn’t obvious the virus would still be raging in the home stretch of the 2020 election, forcing business shutdowns that have

Read More

Continue Reading

Load More