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Shares of American Airlines parent tumble 41% on bankruptcy fears
In July, American placed a giant order for 460 single-aisle jets worth up to $40 billion, splitting the business between Boeing Co and EADS unit Airbus. The record-large order for fuel-efficient planes is meant to help the carrier cut costs.
Updated: 10/03/2011 07:58P
Airline stocks: American Airlines hits eight-year low
Airline stocks fell Monday, led by bankruptcy speculation for troubled American Airlines. American shares tumbled 33 percent, while airline stocks generally dropped 9.8 percent. By Scott Mayerowitz, AP Airlines Writer / October 3, 2011 In this file
Updated: 10/03/2011 07:58P
US stocks suffer another slump
NEW YORK: 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 key indicator of the
Updated: 10/03/2011 07:55P
Irwin Execs Caught In "Typical" Lawsuit After Bank Failure
The bankruptcy trustee of the Irwin Financial Corporation has filed a lawsuit against Chairman William I. Miller and two other executives. The plaintiff is seeking hundreds of millions of dollars, alleging the three failed in their responsibilities in
Updated: 10/03/2011 07:52P
AMR shares tumble 41 percent on bankruptcy fears (NEWS.GNOM.ES)
In July, American placed a giant order for 460 single-aisle jets worth up to $40 billion, splitting the business between Boeing Co (BA.N) and EADS (EAD.PA) unit Airbus. The record-large order for fuel-efficient planes is meant to help the carrier cut
Updated: 10/03/2011 07:49P
Hooters Las Vegas hits back against foreclosure attempt
Hooters complained Canpartners is attempting an end-run around the bankruptcy law that gives Hooters a 120-day period since its bankruptcy filing in which it exclusively can propose a plan of reorganization. The plan "simply runs roughshod over obvious
Updated: 10/03/2011 07:42P
Shares of American Airlines Parent Fall 33%
On Monday, the company's shares plunged 33% on renewed fears that the nation's third-largest airline by traffic ultimately may be forced to seek bankruptcy protection in a worsening economy. The stock hit an intraday low of $1.75 before rebounding
Updated: 10/03/2011 07:42P
In Solyndra note, Summers said Feds "crappy" investor
WASHINGTON (Reuters) - The government is a "crappy" venture capitalist, Larry Summers, then President Barack Obama's top economic adviser, declared in a 2009 email about a federal loan guarantee to a now-failed
Updated: 10/03/2011 07:39P
American Airlines feels market's Darwinian wrath
Its shares tumbled as much as 41 per cent on talk of a potential bankruptcy filing. Hobbled firms elsewhere have been targeted, too. Hoards of cash may be the best way to endure. As the feeblest among the lame airline herd, American proved most
Updated: 10/03/2011 07:33P
GMR issues dire warning
General Maritime Corp made progress in its fight to secure fiscal footing Monday by amending a series of credit agreements but the cash-strapped tanker owner may still be forced to seek bankruptcy protection in the US if it fails to resolve liquidity
Updated: 10/03/2011 07:27P
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