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American Airlines Shares Fall 33%
Eight years ago, a last-minute round of concessions from its labor unions saved American Airlines parent AMR Corp. from bankruptcy proceedings, even as many rivals of the then-biggest US carrier sank into Chapter 11.
Updated: 10/03/2011 11:30P
Se No More
The Se Hotel has been bought out of bankruptcy by the SF-based Kimpton Hotels, and renamed the Hotel Palomar. Kimpton immediately tied in with local arts and cultural organizations (ranging from SD Opera
Updated: 10/03/2011 11:10P
American Airlines' stock plunge on speculation that the carrier would seek
AP NEW YORK -- American Airlines' stock plunged to an eight-year low on fears of a weaker economy -- which hurt other airline shares -- and speculation that the carrier would seek bankruptcy protection. A combination of factors
Updated: 10/03/2011 11:09P
Sale of Applejack building to WCW approved
MANCHESTER -- A federal bankruptcy court has approved the sale of the Applejack Art Partners building to a New York mattress company for $3 million. In August, WCW Inc., a mattress manufacturer based in Hoosick Falls, NY, announced it would be moving
Updated: 10/03/2011 11:08P
Cost of liquor license in Cherry Hill plummets
The developers of the Garden State Park shopping center were the only bidders and paid $500000 for the license at a bankruptcy auction. The buyers are expected to provide the license for another upscale restaurant/bar at the Garden State Park complex.
Updated: 10/03/2011 10:55P
American Airlines' Stock Slide
Talk of bankruptcy isn't new, but it still packs a wallop. That would be a huge hit if..."Oh absolutely, absolutely, if bankruptcy was to be where the company ended up going it would have a major affect on Tulsa," he said. In addition to the thousands
Updated: 10/03/2011 10:54P
Drum beat grows louder for strategy change at loss-making American Airlines
Indeed, its stock dropped 41% yesterday as more than one analyst suggested it put itself out of its misery and file for bankruptcy. That is after a number of other analysts signaled they lost patience with management over a year ago and, more recently,
Updated: 10/03/2011 10:48P
Investor concerns send shares of Dallas-based AMR into tailspin
The last time AMR Corp. shares traded so cheaply, the parent of American Airlines Inc. was fighting to avoid a trip to bankruptcy court. On Monday, investors were treating the Fort Worth-based company as though bankruptcy was again a
Updated: 10/03/2011 10:45P
Q&A: What will happen if AMR files for bankruptcy?
A company may use Chapter 11 of the federal bankruptcy code to reorganize its business and debt to attempt to become profitable again. Management is typically allowed to continue to run the day-to-day operations of the company,
Updated: 10/03/2011 10:39P
Player sues Donnan in GLC's demise
The lawsuit, filed Friday by former San Francisco 49ers offensive lineman Jonas Jennings, seeks $950000 in lost principal and earnings he said he was promised for his investing in GLC Limited. The lawsuit marks the latest development in the collapse of
Updated: 10/03/2011 10:27P
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