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Gold climbs as Greek woes grow
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 per cent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Updated: 10/03/2011 03:10P
White House Debated Solyndra Warnings: Memo
The White House and congressional Democrats released new internal documents Monday that they said show top officials were aware and concerned about the financial stability of Solyndra well before the company filed for bankruptcy.
Updated: 10/03/2011 03:10P
Unusual 11 Mid-Day Movers 10/03: (EK) (PPDI) (ACUR) Higher; (AMR) (SGMO) (DHT
Eastman Kodak (NYSE: EK) 79.5% HIGHER; correcting today following a more than 50 percent plunge last Friday on bankruptcy fears. The company issued a statement late Friday saying it has "no intention to file for bankruptcy." AMR Corp.
Updated: 10/03/2011 03:06P
Eastman Kodak Stalls Bankruptcy Plans
Also the rumors that Eastman Kodak has hired Jones Day were confirmed by the company which has led to speculations that the company may be planning to file for bankruptcy protection. The law firm Jones Day, is widely known for and has a reputation for
Updated: 10/03/2011 03:05P
Recession worries prompt American Airlines bankruptcy concerns
That plan includes increasing passenger fees that finance the Transportation Security Administration and federal landing fees for commercial and corporate jets. AMR's stock is down 24 percent so far today, according to Yahoo Finance.
Updated: 10/03/2011 03:04P
American Airlines Shares Plunge on Bankruptcy Fears, Waves of Pilots Retiring
(NYSE: AMR), the parent corporation of American Airlines, have plunged to their lowest levels on fears the company may have to file for bankruptcy protection. As of 2:38 pm (New York Time), AMR shares are down 31.1 percent to trade at $2.03 per share
Updated: 10/03/2011 03:04P
White House debated Solyndra warnings: Democrat memo
The solar panel manufacturer received a government loan guarantee in 2009 under a new program designed to spur the renewable energy industry, and had been highly touted by the Obama administration before it ran out of cash and filed for bankruptcy in
Updated: 10/03/2011 02:58P
AMR stock plunges amid bankruptcy fears
NEW YORK (AP) — The stock of American Airlines parent company AMR Corp. tumbled Monday, at one point falling nearly 40 percent, on renewed concerns that the carrier could be headed for bankruptcy protection. Shares lost 84 cents, or 28 percent,
Updated: 10/03/2011 02:58P
Greece Budgets Falling short of Requirements for Bailout
Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough. The 2012 draft budget approved
Updated: 10/03/2011 02:57P
American Airlines stock falls on bankruptcy rumors
Rumors that American Airlines parent AMR Corp would file for bankruptcy protection sent the company's stocks plummeting. AFP - Rumors that American Airlines parent AMR Corp would file for bankruptcy protection sent the company's stocks plummeting
Updated: 10/03/2011 02:56P
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