FOX Stox: Airline Stocks Taking Off!

 

Taking Off!

Some of the big airlines (search) seeing big stock moves on the prospects that 2004 could bring back profits to the industry. The airlines were hit hard by the Sept. 11 attacks, with most posting steep losses.

If you were brave enough to get in at the low, you'd be a real winner today. AMR (AMR), which was left for dead, has seen its stock surge nearly 950 percent since March.

What Bubble?

Yahoo!  (YHOO) jumps 11 percent after earnings beat the Street. Online advertising is picking up and that's expected to help others, including AOL. Yahoo! stock is up more than 300 percent in the last 12 months.

If you held onto your eBay you'd be saying, “What Internet bubble?” The stock hits a "post-bubble" high.

Cancer Fighter!

Researchers say Novartis’ (NVS) new cancer drug, Femara, is showing lots of promise. The drug reduced the risk of recurrence among women treated for breast cancer by 43 percent.

The results were so strong that the trial was stopped so that more women could have access to the drug.

No Thanks!

Loral turns down a sweetened $1.8 billion, all-cash bid from Echostar Communications (DISH).

Echostar, which provides satellite TV, is trying to get its hands on Loral's orbital assets. But Loral isn't biting. The company says the offer "undervalues Loral's businesses."

Shopping Around!

The cold snap leads to brisk sales for some nation's largest retailers. September sales posting their sharpest gain in 18 months.

People were stocking up on mittens and scarves, which lifted sales at Wal-Mart (WMT) and others. That prompted the National Retail Federation to lift its outlook for the holiday season. It now expects sales to jump more than 4 percent.

Fox Exclusive!

Victoria's Secret reveals what it expects to be the hot new item this holiday season: It's the new "very sexy European lace" collection.

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