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Wall St posts worst close in over a year
By AAP | 04.10.2011 08:15 AM Wall Street suffered another slump on Monday as concerns about the economy, contagion from the European debt crisis and rumours of an American Airlines bankruptcy dragged down markets. Despite a brief rally on news that a
Updated: 10/03/2011 05:20P
Kodak, Yahoo, United Continental are among big market movers
AP The photography pioneer denied rumors that it would file for bankruptcy. The company said it is trying to turn itself around. The footwear and clothing company, which owns the Hush Puppies and Patagonia brands, reported a rise in third-quarter
Updated: 10/03/2011 05:19P
Barnes & Noble sends a message to Borders customers
Having earlier won the e-commerce assets of Borders Group Inc. at a bankruptcy auction, Barnes & Noble Inc. is wasting no time reaching out to the members of Borders' loyalty program. Barnes & Noble, No. 41 in the Internet Retailer Top 500 Guide,
Updated: 10/03/2011 05:18P
International markets roundup
Tokyo stocks closed down 1.78 per cent as exporters tumbled on a weaker euro despite an improvement in the Bank of Japan's closely watched Tankan survey of business confidence. The benchmark Nikkei 225 index closed 154.81 points down to 8545.48,
Updated: 10/03/2011 05:16P
American Parent AMR Falls Most Since 2003 on Bankruptcy Concern
American has blamed higher labor costs, as well as benefits that have increased more slowly than expected from business ventures with partners across the Atlantic and Pacific, in part for its failure to return to profit. The airline also has a fleet of
Updated: 10/03/2011 05:15P
Kodak, Yahoo, United Continental are among big market movers | The Republic
AP The photography pioneer denied rumors that it would file for bankruptcy. The company said it is trying to turn itself around. The footwear and clothing company, which owns the Hush Puppies and Patagonia brands, reported a rise in third-quarter
Updated: 10/03/2011 05:12P
Is Greek Bankruptcy Assured?
Had that vote failed, the bankruptcy of Greece could have become inevitable. Some doubts were raised that Germany would pass the vote, as political opposition to the bailout of Europe has increased in recent months. Earlier in the summer,
Updated: 10/03/2011 05:12P
Decorator Industries to Operate Under Chapter 11 While Restructuring
The Company has retained Genovese, Joblove & Battista, PA as debtor's bankruptcy counsel. "Our Company made significant cost reductions over the last three years to adjust to the declining sales," said Decorator President and Chief Executive Officer
Updated: 10/03/2011 05:12P
Stocks in the Spotlight Monday
Shares of the parent of American Airlines dove 33% on renewed fears that AMR could file for bankruptcy. Standard & Poor's Equity Research analyst James Corridore reiterated a Hold rating on AMR.
Updated: 10/03/2011 05:09P
American Airlines flying towards bankruptcy protection as share price drops to
American Airlines could be heading for bankruptcy protection as its parent company's share price today plummeted 33 per cent to an eight-year low. The only way American Airlines can now return to profitability is to use the bankruptcy
Updated: 10/03/2011 05:05P
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