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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Retail
Wednesday, July 23, 2008
Air Canada applies for U.S. antitrust immunity to facilitate partnership with Continental Airlines, Lufthansa and United Airlines
Comtex
MONTREAL, Jul 23, 2008 (Canada NewsWire via COMTEX) ----Air Canada today announced that together with other Star Alliance partners it has applied for antitrust immunity in the U.S. as a first step toward creating a new joint venture with Continental Airlines, United Airlines and Lufthansa.
Nine Star Alliance carriers, including Air Canada, have filed a joint application with the U.S. Department of Transportation to add Continental Airlines to their existing antitrust immunity. Antitrust immunity is necessary in the United States to discuss coordinating schedules, fares and other functions. In addition, Air Canada, Continental Airlines, United Airlines and Lufthansa will ensure their proposed cooperation is also compatible with the competition laws of Canada and the European Union.
The DOT has granted nearly 20 applications for antitrust immunity in the past and Air Canada currently has antitrust immunity in the U.S. with respect to United and Lufthansa, all of which were founding members of the Star Alliance. Continental, the fourth largest carrier in the U.S., announced in June that it plans to join Star Alliance.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This disclosure may include forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on assumptions, are subject to important risks and uncertainties and cannot be relied upon due to, amongst other things, changing external factors and general uncertainties of the business. Results indicated in forward-looking statements may differ materially from actual results due to a number of factors, including without limitation, energy prices, general industry, market and economic conditions, currency exchange and interest rates, competition, war, terrorist acts, epidemic diseases, insurance issues and costs, changes in demand due to the seasonal nature of the business, the ability to reduce operating costs, employee and labour relations, pension issues, supply issues, changes in laws, regulatory developments or proceedings, pending and future litigation and actions by third parties, as well as the factors (including assumptions) identified in Air Canada's public disclosure file and accessible through SEDAR at www.sedar.com. Any forward-looking statements contained in this disclosure represent Air Canada's expectations as of the date of this disclosure and are subject to change after such date. Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
SOURCE: AIR CANADA
SOURCE: AIR CANADA - REGULATORY
Copyright (C) 2008 CNW Group. All rights reserved. ********************************************************************** As of Saturday, 07-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 02-28-2008 for CAL @ $26.22. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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