While you were sleeping: Intel, Southwest slide

Thu, 21 Jul 2016

By Margreet Dietz July 22 (BusinessDesk) - Wall Street fell, weighed down by shares of Intel and Southwest Airlines following disappointing earnings. Shares of Southwest Airlines sank, trading 11.1 percent lower as of 3.12pm in New York, after its latest quarterly results bolstered concern about its fares. Shares of other airlines followed suit. “While solid traffic demand has continued into July, thus far, the fare environment remains challenging, and close-in yields have softened in recent weeks," Southwest CEO Gary Kelly said in a...

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