DoJ Settles on US Airways-American Airlines Merger and 2 More Heavily Traded Stocks to Follow

US Airways Group (NYSE:LCC): Current price $23.48

The Department of Justice announced Tuesday that it has reached a resolution that will let AMR Corp.’s (AARMQ.PK) American Airlines and US Airways merge, thereby forming the largest airline in the world. The terms force the airlines to pull back the magnitude of the merger at Ronald Reagan National Airport in Washington, D.C., and in other big cities. In August, the U.S. government brought a lawsuit to block the merger, expressing its fears that it would restrict competition and push up prices for consumers on hundreds of routes throughout the country. For their part, the carriers contended that their deal would increase competition by forming another competitor to United Airlines and Delta Air Lines, which themselves grew via recent mergers.

 

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Facebook Inc. (NASDAQ:FB): Current price $46.61

Facebook and other online firms on Tuesday warned users that their accounts could have been compromised by a recent data breach at Adobe, which exposed around 38 million user emails and passwords. Facebook has started the process of advising some users that their accounts are at risk since they used the same password for both their Facebook account and an Adobe account. Security researcher Brian Krebs first reported the notifications on his blog and readers sent emails showing that two online retailers, Diapers.com and Soap.com, are warning some of their customers concerning the same matter.

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Hologic Inc. (NASDAQ:HOLX): Current price $20.51

Shares of Hologic are down by more that 13 percent on Tuesday after the medical device manufacturer reported that it booked a $1.1 billion charge to cover a fall in the value of some medical test assets and also gave disappointing guidance for the new fiscal year. The firm said late Monday that it anticipates lower sales of ThinPrep pap tests, NovaSure endometrial ablations systems, and blood screening tests. The company expects to post adjusted net income of between $1.32 and $1.38 per share in its new fiscal year, which began September 29.

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