Market Round-up (BNI, DAL, GM, WR, MDT)
Burlington Northern Santa Fe (NYSE: BNI) has set a dividend on the condition that its merger with Berkshire Hathaway (NYSE: BRK.A) is successful. Read more about this company here.
Delta Air Lines (NYSE: DAL) plans to spend $1 billion in upgrades in the forthcoming years. The upgrade will include improving seats, adding first-class cabins and improving and adding airport lounges. DAL is targeting several planes that it acquired during the merger with Northwest Airlines in 2008. Read more about this company here.
Trading in the US markets remains choppy with the NASDAQ dipping for a short period. However, strength in conglomerates has driven stocks back into the black. At midday, the Dow has moved up by 0.54% to 10,227 and S&P 500 has gained 0.71% to 1,099. Meanwhile, NASDAQ has risen by 0.49% to 2,216.
General Motors (NYSE: GM) confirmed interim CEO Ed Whitacre for the post. GM also said it will pay back the funds received from the US and Canada by June. Read more about this company here.
In a settlement with regulators, Westar Energy (NYSE: WR) has agreed to spend about $500 million to reduce air pollution from a Kansas power plant. The settlement marks the strictest of such emissions limit imposed on a coal-fired plant. Read more about this company here.
Medtronic (NYSE: MDT) to acquire Invatec and two affiliates for $500 million. While $350 million in cash is to be given as an initial payment, the remaining $150 million will be paid on milestones. Read more about this company here.
