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As of Dec. 31, 2015, $150MM of $AAL's cash and short-term investment balances were held as foreign currency in foreign bank accounts. In 4Q15, the company recognized a $592MM special charge to write off all of the value of Venezuelan bolivars held by it, due to continued lack of repatriations and deterioration of economic conditions in Venezuela.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.