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American Airlines' shares slump 33%
The dramatic drop lead to increased fears that the carrier, one of the largest in the world and the strategic partner of BA and Iberia, would seek Chapter 11 bankruptcy protection. AA said the fall was a not connected to any company news and said
Updated: 10/04/2011 05:14A
Business journal
OTTAWA- Bankruptcies in Canada fell by 18 per cent in July from June, the Office of the Superintendent of Bankruptcy Canada said Monday. From a year earlier, bankruptcies were off 21.3 per cent. Consumer bankruptcies fell 17.4 per cent to 5629 for the
Updated: 10/04/2011 05:11A
Kodak shares rise, CEO Perez is upbeat
The company's statement Friday that it "has no intention of filing for bankruptcy" — made in response to news it had hired giant law firm Jones Day for restructuring work — was its latest attempt at damage control. CEO Antonio M. Perez on Wednesday
Updated: 10/04/2011 05:05A
Bankruptcy Or Buyout For Kodak?
The stock plunged over 50% late Friday afternoon (falling below $1 per share) after speculation rose that the company would be forced to declare bankruptcy. After the market closed, the company denied the bankruptcy rumor, stating that
Updated: 10/04/2011 04:58A
VASCO Reports Range of Estimated Losses Related to DigiNotar Bankruptcy and
ES/ — VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com) today announced that the losses the company expects to record related to the bankruptcy of DigiNotar, BV and related events will range from approximately $3.3 million to $4.8
Updated: 10/04/2011 04:50A
RON DERBY: Back to reality as recession scenario is entrenched
THE quarter that's been will be one best forgotten by South African investors, with the JSE all share index having its steepest three-month decline since the 2008 quarter in which Lehman Brothers filed for bankruptcy. The market plunged about 22% then.
Updated: 10/04/2011 04:43A
General Maritime issues dire warning
General Maritime Corp made progress in its fight to secure financial 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
Updated: 10/04/2011 04:26A
American Airlines' stock plunges 33%
NEW YORK -- American Airlines' stock plunged to an eight-year low on fears of a weaker economy and speculation the carrier would seek bankruptcy protection. A combination of factors drove down shares Monday. Wall Street analysts suggested that American
Updated: 10/04/2011 04:23A
Ex-UGA coach set for bankruptcy hearing
US Bankruptcy Judge James Smith set the Tuesday hearing for Donnan after listening to arguments on the case in August. He said then that he was unlikely to approve the $5.5 million settlement the ex-coach brokered with the West Virginia-based
Updated: 10/04/2011 04:22A
Airline's shares fall sharply
Shares of American Airlines parent AMR Corp. fell as much as 41 per cent Monday on growing fears the thirdlargest 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
Updated: 10/04/2011 04:19A
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