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Most airline shares rise after Monday's selloff
AMR shares fell to an eight-year low Monday, down 33 percent to close at $1.98, on fears the airline could be headed for bankruptcy. On Tuesday they rose 40 cents, or 20 percent, to $2.38. The Amex Airline Index was up 2.2 percent.
Updated: 10/04/2011 02:59P
"Some movement" in talks for a new Philadelphia Orchestra labor contract
A possible resolution to the main objective in the Philadelphia Orchestra's chapter 11 bankruptcy case could emerge as soon as Wednesday as management and labor try to hammer out a deal under the supervision of a US Bankruptcy judge.
Updated: 10/04/2011 02:59P
Kodak shares down again, dropping 12 percent
The stock sank Friday following published reports it was mulling a bankruptcy filing and had hired a bankruptcy firm. After the market closed Friday, however, Kodak issued a statement in response saying it had not intention to file for bankruptcy.
Updated: 10/04/2011 02:59P
Bankruptcy judge OKs Tribune management bonuses
“I think it's entirely reasonable to order this relief in these uncertain times,” said Delaware Bankruptcy Judge Kevin Carey. He also told lawyers that he hopes to issue a decision “soon” in the nearly three-year-old bankruptcy case.
Updated: 10/04/2011 02:54P
WaMu Seeks to Limit Mediation, Avoid Creditor Vote on Plan
Oct. 4 (Bloomberg) -- Washington Mutual Inc., former owner of the biggest US bank to fail, will try to limit the scope of court-ordered mediation by changing its reorganization plan to appease a bankruptcy judge.
Updated: 10/04/2011 02:53P
Borders files bankruptcy liquidation plan, disclosure statement
Borders explained some of its exit strategy in a liquidation plan and disclosure statement filed Monday in US Bankruptcy Court in Manhattan. "Holders of equity interests shall neither receive nor retain any property under the plan," the company said in
Updated: 10/04/2011 02:48P
Casa Bonita parent files Chapter 11 bankruptcy
Star Buffet Inc. — parent company of Lakewood's Casa Bonita restaurant — has filed for Chapter 11 bankruptcy protection. The Scottsdale, Ariz.-based company (Pink Sheets: STRZ) filed Sept. 28 in US Bankruptcy Court in Arizona.
Updated: 10/04/2011 02:45P
Option Block 95: Kodak vs. American Airlines
Whack-a-Bankruptcy -- just when rumors of one bankruptcy subside, more emerge to take its place. Airline stocks are taking a nose dive today due to fears the weak economy will reduce travel demands and hit fares over the coming months.
Updated: 10/04/2011 02:38P
Top U.S. Mexican dining chain files for bankruptcy
The company said it was suffering from a sluggish economy, high lease and debt obligations and sharp increases in food costs. An affiliate of Sun Capital Partners Inc holds the largest stake in the company, which operates or franchises more than 200
Updated: 10/04/2011 02:35P
American Airlines In A Tailspin
For those of you placing bets to see if and when AMR Inc (AMR) will file bankruptcy you might have noticed the 33% nose dive yesterday and the 21% dead cat bounce today. Fasten your seat belt and do not attempt to use the lavatory.
Updated: 10/04/2011 02:28P
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