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American Airlines Shares Drop 33 Pct On Outlook
Shares of American Airlines parent AMR fell 33 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
Updated: 10/03/2011 07:03P
Wage garnishment on unsecured debts can be stopped by bankruptcy filing
But when a creditor has started to garnish a person's wages - generally for unsecured debt, such as credit card or medical bills – they cannot continue once a bankruptcy action has been filed on debts that existed at the beginning of their case.
Updated: 10/03/2011 07:01P
Q4 Gets Off To A Brutal Start
The Nasdaq fell 3.3%, the NYSE 3.2% and the S&P 500 2.8%. The small-cap S&P 600 dived 5.1%. The Amex Airline index lost 9.8%. Oil slid 2% to $77.61 a barrel. Gold rose 2% to $1657.70 an ounce. The 10-year yield fell 13 ticks to 1.79%.
Updated: 10/03/2011 06:57P
American Air Falls On Fears
3 US airline, fell 33% to 1.98 on fears that a possible recession and heavy debts might force it into bankruptcy, just as United Continental's UAL (UAL) and Delta (DAL) did a decade ago. AMR had a Q2 net loss, while rivals had profits.
Updated: 10/03/2011 06:57P
AMR Shares Drop on American Airlines Bankruptcy Fears
Shares in American Airlines' parent company tumbled 33 percent on Monday on fears that the airline could be forced into bankruptcy as a slowing economy reduces demand for seats on its planes. The sell-off reflected investors' increasing
Updated: 10/03/2011 06:48P
Airline ETF Suffering on AMR Bankruptcy Rumor
(NYSE: AMR), the parent company of American Airlines, the third-largest US carrier, may need to seek bankruptcy protection is weighing on the already battered Guggenheim Airline ETF (NYSE: FAA). The Guggenheim Airline ETF is down nearly 9% on volume of
Updated: 10/03/2011 06:46P
Laney's unfinished business
Construction on the Laney College campus has reached a standstill as a result of a contractor bankruptcy—likely connected to a longstanding anti-discrimination lawsuit against the company. A new contractor has been assigned to the stagnating project,
Updated: 10/03/2011 06:43P
American Airlines: Are the Worries Overstated?
The column concluded that the market for airline debt is healthy, that "American filing for bankruptcy out of choice is unlikely," and that other airlines are better investments. Around 1 pm, though, American shares began to tumble, with sharp drops
Updated: 10/03/2011 06:37P
New Poll Shows Warren in Tight Race for Senate Seat
Former White House adviser and expert on consumer bankruptcy Elizabeth Warren is the overwhelming frontrunner for the Democratic nomination in the 2012 US Senate race in Massachusetts, and runs a dead heat with Republican incumbent Scott Brown,
Updated: 10/03/2011 06:36P
Dodgers Judge Appoints Mediator to Help Team, MLB End Fight
Oct. 3 (Bloomberg) -- The judge overseeing the Los Angeles Dodgers' bankruptcy appointed a mediator to help the club and Major League Baseball Commissioner Bud Selig try to overcome their months-long battle over the future of the team.
Updated: 10/03/2011 06:34P
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