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AMR falls on bankruptcy, recession fears
American Airlines parent AMR Corp. tumbled the most since April 2009 on growing concern the US is nearing a return to recession and that the carrier may be forced to seek bankruptcy protection. Today's slide pointed toward a fifth straight drop for
Updated: 10/03/2011 01:06P
Kodak shares bounce back
Speculation surged late last week the Rochester manufacturer (NYSE: EK) was considering filing for bankruptcy, prompting a sharp drop in the company's shares. The stock closed Sept. 30 at 78 cents per share Kodak, still a significant employer in the
Updated: 10/03/2011 01:01P
Shares of American Airlines parent fall to lowest level since '09
American Airlines parent AMR Corp. saw shares fall on Monday to a level not seen since April 2009, as investors grew concerned that the carrier may be forced to seek bankruptcy protection. Monday's slide pointed toward a fifth straight drop for Fort
Updated: 10/03/2011 12:59P
To Combat Bankruptcy – Postal Services Must keep Saturday Mail Delivery
The United States Postage Service, which counters a 9 billion dollar shortage this year, is about to go bankrupt. Without any government steps, it is bound to go broke. Amid the steps suggested by the departments head to rescue it has been removing
Updated: 10/03/2011 12:58P
Tennessee truck stop got stimulus money despite bankruptcy
While not as spectacular a flop as Solyndra — the California solar panel manufacturer that filed for bankruptcy last month after receiving a $535 million guarantee from the federal government — the truck stop's collapse further illustrates flaws in the
Updated: 10/03/2011 12:57P
Whatever happens with Kodak and Paetec, Rochester will survive
There was something a bit surreal about the Kodak-bankruptcy speculation occurring on the same day as the city filed a complaint with the FCC regarding Windstream's purchase of Paetec. If there's such a thing as a
Updated: 10/03/2011 12:55P
DODGERS: Team asks judge to lift evidence restriction
The Los Angeles Dodgers are asking a Delaware bankruptcy judge for permission to gather evidence on how Major League Baseball has dealt with other teams as lawyers prepare for a court showdown that will determine the Dodgers' fate.
Updated: 10/03/2011 12:55P
Recession Odds, Greece And Technicals Weigh On Markets
Greece will miss deficit targets set just months ago in a massive bailout package, sources said citing a budget draft being adopted by the cabinet on Sunday, in a setback in Europe's efforts to stave off the country's bankruptcy.
Updated: 10/03/2011 12:53P
New laws may allow some debt write-offs
People who owe millions of euro are being advised not to enter talks with banks until new bankruptcy legislation is enacted. Individuals who owe millions of euro are being advised not to enter negotiations with banks until new bankruptcy legislation is
Updated: 10/03/2011 12:51P
Kodak surges after denying bankruptcy rumors
The Wall Street Journal said Friday that Kodak had hired law firm Jones Day to explore a restructuring. Bloomberg said the company hasn't officially hired a firm yet, but that bankruptcy is among the options being considered. The rumors came just days
Updated: 10/03/2011 12:51P
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