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Airline ETF Hits Turbulence On AMR Bankruptcy Talk
(AMR) shares lost a third of their value Monday on speculation that the parent of American Airlines is filing for bankruptcy. Guggenheim Airline ETF (FAA) ended down about 9% on Monday. AMR was down as much as 35% on Monday after rumors circulated that
Updated: 10/04/2011 11:31A
Chef Solutions files for bankruptcy
Oct 4 (Reuters) - Prepared foods maker Chef Solutions Holdings LLC filed for bankruptcy on Tuesday with up to $500 million of both assets and liabilities, according to court documents. The company provides salads and baked goods under brand names such
Updated: 10/04/2011 11:30A
Arnstein & Lehr Form Nutrition Law Group
In addition to Rothman and Kantz, the members of the FBN group include Miami partners Randall L. Sidlosca (immigration law), George P. Apostolides (bankruptcy & business litigation) and Chicago partners Howard M. Berrington (corporate, and mergers and
Updated: 10/04/2011 11:29A
Kodak Stock Rebounds
The stock's jump comes as the company tries to quash investor fears of a bankruptcy, which had caused shares to lose more than half their value on Friday. The stock was down around 6 percent in morning trading on Tuesday. Meanwhile, Kodak retirees are
Updated: 10/04/2011 11:28A
WaMu sees path to quick confirmation of Chapter 11 plan
Washington Mutual Inc said it could end its three-year bankruptcy by November, allowing it to distribute $7 billion to creditors, if a judge limits the scope of outstanding disputes to be mediated. Washington Mutual has languished in Chapter 11
Updated: 10/04/2011 11:24A
AMR Stock Rebounds after Sell-Off on Bankruptcy Fears
Shares of AMR, parent of American Airlines, gained as much as 16 percent in morning trade on Tuesday, after a steep sell-off a day earlier triggered by rampant talk of a potential bankruptcy filing. "With the markets so jittery, the massive sell-off
Updated: 10/04/2011 11:23A
Tribune Wins Approval to Pay Up to $42.5 Million in Bonuses to Managers
US Bankruptcy Judge Kevin J. Carey approved the bonuses today in Wilmington, Delaware. The bonuses are “critically important to maintain proper incentives for the management team,” Tribune said in a court filing dated Aug. 30.
Updated: 10/04/2011 11:22A
Another Solar Energy Company Seeks Bankruptcy Protection
According to the Wall Street Journal, Stirling Energy Systems Inc., which manufactures equipment for solar power systems, recently filed Chapter 7 bankruptcy. In Chapter 7, the solar energy company will look to liquidate its assets in order to pay
Updated: 10/04/2011 11:20A
Chrysler reports 27 percent sales jump during September for 18th straight
The Michigan-based automaker, which appears to be going from strength to strength since its bankruptcy in 2009, saw a 27 percent leap in sales on the back of strong demand for new models such as the Chrysler 200 and 300 sedans and the Jeep Wrangler and
Updated: 10/04/2011 11:19A
WaMu sees path to quick confirmation of Chapter 11 plan (NEWS.GNOM.ES)
PK) said it could end its three-year bankruptcy by November, allowing it to distribute $7 billion to creditors, if a judge limits the scope of outstanding disputes to be mediated. Washington Mutual has languished in Chapter 11 bankruptcy since
Updated: 10/04/2011 11:17A
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