Market Focus

Delta

Talk about a deal, some travelers who bought tickets on Delta.com this morning purchased incorrectly priced plane tickets for as little as $5. A glitch on the airline’s website allowed lucky customers to score dirt cheap flights, including round-trip cross-country tickets for $25. Delta fixed the issue and said it doesn’t know how many tickets were sold, but the company will honor the prices. The mistake didn’t weigh on Delta’s stock; shares were up slightly to $27.88.

BP

A federal judge rejected BP’s argument that businesses seeking compensation for the massive 2010 gulf oil spill should have to prove their losses were caused by the disaster. The court ruled that the energy giant’s new position went against a previous agreement. BP said in October that the settlement from the spill would cost about $9.2 billion, but could be much higher. Despite the news, shares rose a fraction to $47.97.

Blackberry

Blackberry’s co-founder, Mike Lazaridis, cut his stake in the company sending shares of the smartphone maker way down today. In an SEC filing, Lazaridis, who was considering a joint bid to takeover Blackberry, also said he’s no longer interested in a buyout. Shares tumbled more than 8.5% to $7.06.

T-Mobile

T-Mobile shares were up today on news that Japan’s SoftBank is in talks to acquire the wireless carrier. Softbank is reportedly hoping to take a majority stake in T-Mobile through its Sprint subsidiary, which it recently took over. The stock was up more than 2% to $32.93.

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