During Monday’s Morning trade, Shares of United Continental Holdings Inc (NYSE:UAL), lost -1.30% to $60.71.
United Airlines and the International Association of Machinists and Aerospace Workers (IAM) recently agreed to commence contract negotiations more than one year ahead of the planned amendable date of their agreements. These negotiations, which cover nearly 30,000 United employees, are predictable to proceed on an early and expedited basis.
“Working together with the IAM, United is moving forward to deliver industry-leading contracts for our IAM-represented employees well ahead of the normal bargaining plan,” said Mike Bonds, United’s executive vice president of Human Resources and Labor Relations. “This is one of several positive steps we’ve taken recently to demonstrate our firm commitment to our people.”
As part of this agreement, United has extended through Jan. 15, 2019, its commitment not to contract out work presently performed by the IAM-represented group at all hub and station airport locations.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with about 118 seats, and its regional operations.
Shares of TD Ameritrade Holding Corp. (NYSE:AMTD), inclined 0.48% to $37.44, during its current trading session.
As many as 15 million Americans don’t have to report to “the man” as owners of their own businesses but, as appealing as that might sound, there are trade-offs – especially when it comes to saving for retirement, according to a survey from TD Ameritrade Holding Corporation (AMTD).
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services comprise tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for trading; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices.
Finally, Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), lost -5.38%, and is now trading at $17.91.
Melco Crown Entertainment Limited, stated its unaudited financial results for the third quarter of 2015.
Net revenue for the third quarter of 2015 was US$945.7 million, representing a decrease of about 16% from US$1,124.1 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower rolling chip revenues and mass market table games revenues in Macau, partially offset by the net revenue generated by City of Dreams Manila, which started operations in December 2014.
Adjusted property EBITDA was US$237.3 million for the third quarter of 2015, as contrast to Adjusted property EBITDA of US$305.7 million in the third quarter of 2014. The 22% year-over-year decline in Adjusted property EBITDA was attributable to lower contribution from the group-wide rolling chip segment and mass market table games segment.
On a U.S. GAAP basis, net income attributable to Melco Crown Entertainment for the third quarter of 2015 was US$33.2 million, or US$0.06 per ADS, contrast with net income attributable to Melco Crown Entertainment of US$132.2 million, or US$0.24 per ADS, in the third quarter of 2014. The net loss attributable to non controlling interests during the third quarter of 2015 of US$34.1 million was related to Studio City and City of Dreams Manila.
Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, Our results in the third quarter of 2015 were impressive, particularly given the challenging demand backdrop in Macau, with our Macau Property EBITDA expanding over 10% sequentially. This performance highlights our world-class gaming and non-gaming amenities and market-leading, premium-positioned flagship integrated resort, City of Dreams, together with our ongoing commitment to managing costs.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.