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July 25, 2008 XJT Asks for Stock Review
ExpressJet Holdings, Inc., spotting unusual trading activity in its common stock shortly before the close of the market yesterday, contacted NYSE Regulation, Inc. (NYSER) to request an immediate review as to whether its stock has been the subject of illegal manipulation, including short selling. It followed-up with an investigative request to the Securities and Exchange Commission. The NYSER agreed to conduct a review of this matter and the company intends to fully cooperate with any investigation as it believes such action is prudent to represent the best interests of all security holders in ExpressJet. ATA Disappointed in House Vote on SPR
"We are disappointed with the outcome of the House vote,” said ATA President and CEO James C. May of the legislator’s rejection of releasing oil from the Strategic Petroleum Reserve. “A staggered release of oil from the Strategic Petroleum Reserve would have both short- and long-term impact on reducing the price of oil. We sincerely hope that Congress will put aside its partisan differences and agree on a comprehensive package before recessing for the summer."
May added that the package should include a three-pronged approach: stop excessive speculation in the oil commodities markets, remain focused on environmentally sound supply-side solutions, and immediately begin releasing 10 percent of the SPR. Related StoryDaily News Archive
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