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AMR shares tumble 41 pct on bankruptcy fears
Shares of American Airlines parent AMR Corp of American Airlines parent AMR Corp fell as much as 41 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.
Updated: 10/04/2011 06:31A
Borders Plans to Sell Customer Info to B&N
The Border's Books & Music store in Peabody was one of more than 200 nationwide that closed after its parent company, Borders Group, Inc., filed for Chapter 11 Bankruptcy protection. Borders is now selling customer information to
Updated: 10/04/2011 06:30A
Restructurings, bankruptcies in sight for shipping firms
More shipping firms are likely to face restructuring or declare bankruptcy in the next few months due to weak freight rates and oversupply, according to a shipping law firm. Leading law firm for transport and commodities industries Norton Rose said it
Updated: 10/04/2011 06:26A
Sevan denies new FPSO 'overrun'
The debt-laden company, which was rescued from bankruptcy last week by Teekay, was responding to a report in Norwegian newspaper Finansavisen, citing unnamed sources, that the cost of the upgrade had now risen by between $50 million and $100 million
Updated: 10/04/2011 06:17A
Egypt might go bankrupt in 6 months, ElBaradei warns
Egypt might face bankruptcy within six months, Egyptian reform advocate and presidential hopeful Mohamed ElBaradei warned on Monday. During a meeting with labor leaders at the Center for Trade Unions and Workers Services (CTUWS) in Helwan,
Updated: 10/04/2011 06:13A
Europe's gloom outweighs US data
By GrabNetworks Summary of business headlines: Wall Street tumbles as concerns about Europe's debt crisis outweigh an improving US economic picture, AMR plunges 41% on bankruptcy fears, Automakers report better than expected Sept. sales;
Updated: 10/04/2011 06:12A
Canada's Vital Signs 2011 reveals we're losing the war on obesity, declaring
National obesity rates and personal bankruptcy numbers continue to rise unabated - and although Canada's youth unemployment rates haven't reached the epic proportions of some European countries, it's an issue that communities ignore at their peril.
Updated: 10/04/2011 06:06A
Apple May Unveil Next IPhone; AMR's Bankruptcy Concern (Video)
Oct. 4 (Bloomberg) -- Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg) (/Bloomberg) Correction: Clarification: SuperFan badge holders consistently post smart, timely comments about Washington area
Updated: 10/04/2011 06:06A
A Cherry Hill liquor license sells at auction for $500000
The buyers' representative, Richard Fernicola, of M&M Realty Partners, declined to disclose the plans for the license. The rare auction of a liquor license was closely watched by developers, speculators, and restaurateurs as an indicator of the value
Updated: 10/04/2011 05:57A
Ex-UGA coach scheduled for Tues. bankruptcy hearing
US Bankruptcy Judge James Smith, who will hear the case, said when he heard arguments in the case in August, he is unlikely to approve the $5.5 million settlement the ex-coach brokered with the West Virginia-based liquidation company GLC Ltd. because
Updated: 10/04/2011 05:57A
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