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Barnes and Noble buys Borders' customer list
The US bankruptcy court approved the bookstore chain's purchase of Borders' customer list last month. CEO William Lynch sent an email to those customers over the weekend detailing the impacts of the purchase. Our intent in buying the Borders customer
Updated: 10/03/2011 04:05P
US-listed shipping firms in danger of going under
(SINGAPORE) At least four US-listed shipping companies are likely to face restructuring or declare bankruptcy over the next 12 months as the long downturn in the freight market forces further consolidation, an industry executive told Reuters.
Updated: 10/03/2011 04:04P
AMR Corp (AMR) Sees No Event To Explain Today's Sell-Off, Has No Bankruptcy Plans
AMR (NYSE: AMR) issued a statement to StreetInsider.com in response to the extreme volatility in the stock today, driven by rumors of bankruptcy. The company said there was no company-driven news that has caused the volatility in AMR shares today.
Updated: 10/03/2011 04:04P
AMR Decade-Worst Drop on Bankruptcy Concern Spurs Trading Halts
Oct. 3 (Bloomberg) -- American Airlines parent AMR Corp. tumbled the most since 2001, triggering automatic trading halts, on growing concern the third-largest US carrier may be forced to seek bankruptcy protection.
Updated: 10/03/2011 03:59P
Schulte Roth & Zabel | Zais Investment Grade Limited VII — CDO Noteholders
The US Bankruptcy Court for the District of New Jersey recently held that a Cayman Islands collateralized-debt obligation issuer (“CDO”) could be a debtor under Chapter 11 of the US Bankruptcy Code (the “Bankruptcy Code”) and declined to dismiss an
Updated: 10/03/2011 03:59P
Airline Shares Crushed: What You Need to Know
It's actually really nothing new for AMR or the industry: Bankruptcy fears. Though AMR previously managed to avoid bankruptcy when some of its major competitors fell into that cold embrace, the company is currently unprofitable, has an impressive
Updated: 10/03/2011 03:56P
President Obama Says Doesn't Regret Solyndra Decision
WASHINGTON -(Dow Jones)- President Barack Obama on Monday said he doesn't regret providing a loan guarantee to Solyndra LLC, the solar-panel maker that filed for bankruptcy last month. Obama, in an interview with ABC's George
Updated: 10/03/2011 03:56P
AMR comments on Monday's stock plunge
Point B: We'd rather not file for bankruptcy . "While we generally don't comment on AMR's share price performance, there is no company-driven news that has caused the volatility in AMR shares today. The pause in trading of AMR shares was due to
Updated: 10/03/2011 03:53P
AMR shares tumble 41 percent on bankruptcy fears
N) fell as much as 41 percent on Monday on growing fears the third-largest US airline is headed for bankruptcy, although the carrier said Chapter 11 is "not our goal." The stock's decline to its lowest price since 2003 outpaced share losses posted by
Updated: 10/03/2011 03:51P
Wall Street Journal Whitewashes Keystone XL
In its sixth editorial pivoting off of Solyndra's bankruptcy, the Wall Street Journal claimed that two recent loan guarantees to clean energy companies amount to "$1.1 billion for 45 permanent jobs," while the proposed TransCanada Keystone XL oil
Updated: 10/03/2011 03:49P