Allergan (AGN) shares are a bit higher after the company agreed to hold a special shareholder's meeting on December 18th as planned. Best known for its emotion-murdering Botox product, Allergan had been looking to delay or eliminate a shareholder vote that could result in the ouster of most of its board. Canadian pharmaceutical company Valeant and activist hedgie Bill Ackman have been seeking control of Allergan since last summer.
Boeing's (BA) got the right stuff as the shares push slightly higher. The makers of the Dreamliner are expected to be announced as the winners of a contract to build a so-called "Space Taxi" serving the International Space Station. Elon Musk's SpaceX had been considered the front runner but ultimately the government decided Boeing was more likely to deliver on-time, under budget. Just like the Dreamliner. The U.S. hasn't launched a manned spacecraft of its own since the end of the shuttle program in 2011.
Returning to earth, United Continental Holdings (UAL) shares are in an upright locked position after some early turbulence. The company is offering retirement incentives of as much as $100,000 to flight attendants as it seeks to reduce costs. United is hoping as many as 2,100 of its more than 23,000 flight attendants will take this opportunity to pursue other opportunities. Passengers will presumably be left to fend for themselves in the new United. Your right to recline will be determined by cunning, attitude and power as the flying experience takes another step towards anarchy at 35,000 feet. Investors seem to like it that way, United shares are over 30% higher this year which actually lags much of the industry.
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