On Tuesday, Shares of American Airlines Group Inc (NASDAQ:AAL), added 2.00% and closed at $39.35 in the last trading session. AAL stock opened its last trade at $38.84 and after floating in a range of $38.84 to $38.89. The company’s Market capitalization is $20.81 Billion with the total Outstanding Shares of 529.91 million. During the 52-week trading session the minimum price at which share price traded, registered at $24.85 and reached to max level of $47.09. The Earnings per Share of the company stands at $10.40. The White House announced efforts on Tuesday to improve air travel by requiring airlines to refund baggage handling fees if luggage is “substantially delayed” and requiring online travel agents to provide neutral search results.
The government also said it would probe a long-time practice by some airlines of preventing various travel websites from showing their fares to gauge the impact on consumers.
The effort in the waning days of President Barack Obama’s administration is aimed at responding to complaints from consumers that range from delayed or damaged baggage and wheelchairs, to pricey add-ons like payments for seat assignments.
“The actions we’re announcing today will help consumers know how airlines are performing, will make sure that consumers don’t have to pay for services they don’t receive and will help consumers find the best flight options for them,” Jason Furman, chairman of the White House Council of Economic Advisers, told reporters.source reuter
Shares of Goldman Sachs Group Inc (NYSE:GS), gained 2.15% and closed at $172.63 in the last trading session. GS stock opened its last trade at $172.01 and after floating in a range of $171.10 to $173.47. The company’s Market capitalization is $69.37 Billion with the total Outstanding Shares of 405.46 million. During the 52-week trading session the minimum price at which share price traded, registered at $138.20 and reached to max level of $199.90. The Earnings per Share of the company stands at $10.57. Marlin & Associates announced today that its client, BillingTree, has completed a majority recapitalization with Parthenon Capital Partners in partnership with BillingTree’s senior management team. BillingTree is a leading provider of omni-channel, integrated payments solutions to the healthcare, ARM and financial services industries. Parthenon is a growth-oriented private equity firm that partners with and invests in leading management teams and their companies. Marlin & Associates, a boutique investment banking and strategic advisory firm and an experienced advisor to financial technology companies, acted as exclusive strategic and financial advisor to BillingTree in the transaction.
Headquartered in Phoenix, Arizona, BillingTree® was established in 2003 to meet the market’s growing need for a vertically-focused provider of integrated payments solutions. Serving the healthcare, ARM and financial services sectors, the Company has experienced significant growth over the past few years, growing payment volumes at a compounded rate of nearly 40% per annum since 2013.
In 2015, the Company announced the launch of Payrazr®, a proprietary, web-based solution suite comprised of a payment gateway, consumer portal and virtual terminal, among other features. Following the growth investment from Parthenon, BillingTree will continue to focus on industry-specific strategies via integration with leading software partners in the Company’s core verticals, a customer-first service culture, and a variety of value-added offerings, such as the Company’s compliance suite.