Kolkata, West Bengal -- (SBWIRE) -- 08/30/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on AMR Corporation (PINK:AAMRQ), Federal National Mortgage Association(OTC:FNMA), National Bank of Greece (ADR)(NYSE:NBG).
AMR Corporation(PINK:AAMRQ) shares increased 11.15% to $3.39. A U.S. bankruptcy judge on August 29 hinted he would approve AMR Corp's bankruptcy exit plan despite the government's challenge to its main component: AMR's planned megamerger with US Airways Group Inc (LCC). At a hearing at U.S. Bankruptcy Court in Manhattan, Judge Sean Lane held off on confirming the plan for American Airlines' bankrupt parent, but said he found "arguments in favor of confirmation to be fairly persuasive."
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Additionally, the company on August 12 reported July 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation. July's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.0 percent versus last year, to an all-time record high for any month of 14.61 cents/ASM. Consolidated capacity and traffic were 2.6 percent and 2.5 percent higher year-over-year, respectively, resulting in a consolidated load factor of 86.9 percent, 0.1 points lower versus the same period last year.
Federal National Mortgage Association(OTC:FNMA) shares declined 2.38% to $1.23. The company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
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Additionally, the company on August 19 said it plans to sell $2.5 billion of benchmark bills. The sale will include $1 billion of three-month bills, due Nov. 20, 2013, and $1.5 billion of six-month bills, due Feb. 19, 2014. Settlement is Aug. 21-22.
Moreover, the company on August 21 said its full-year forecasts for both the economy and housing market remain on track, as economic growth continues to gain momentum despite a slow start to 2013. The company backed its expectations for gross-domestic product growth, continuing to predict about 2% growth for 2013 and 2.6% growth for 2014.
National Bank of Greece (ADR)(NYSE:NBG) shares gained 9.98% to $4.19. The company on August 29 said that a strong performance by its Turkish subsidiary helped boost first-half profits to 344 million euros ($455 million), after deep losses a year ago. The company said its Turkish Finansbank unit recorded a 30% increase in first-half profits to 332 million euros.
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The bank also said its overall provisions for bad loans fell from 1.2 billion euros a year ago to 853 million in January-June. In the first half of 2012, NBG recorded losses of 1.9 billion euros.
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