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American Airline Bankruptcy Would Ripple Through Tulsa
An American bankruptcy would ripple throughout Tulsa because it's such a big employer. Tulsa based NORDAM is one of American's largest local vendors, and for them American is a good and significant customer and that hasn't changed.
Updated: 10/04/2011 06:24P
Real Mex Restaurants Inc. Files for Chapter 11
Real Mex Restaurants Inc., which operates Acapulco, Chevy's, and El Torito restaurants among other brands, filed for Chapter 11 bankruptcy protection today. According to the bankruptcy filing, as of June 26 the chain had assets of
Updated: 10/04/2011 06:23P
AMR bankruptcy fears ease
American Airlines' parent does face financial hardships, like high labor costs and a heavy debt load, but that doesn't mean a Chapter 11 bankruptcy filing is imminent, Fitch Ratings said. Morningstar also said it doesn't expect AMR (AMR) to seek
Updated: 10/04/2011 06:19P
AMR Rebounds After Rout as Talks Resume With Pilots at American
Oct. 4 (Bloomberg) -- American Airlines parent AMR Corp. gained 21 percent, rebounding after bankruptcy concerns triggered its worst decline since 2003, and the carrier resumed contract negotiations with pilots. Today's discussions marked the latest
Updated: 10/04/2011 05:28P
AMR Corp (AMR) In oversold territory
The stock bounced 20 percent to $2.39 on Tuesday as the market began to shrug off the bankruptcy speculation. "The key thing is that their position is weakening faster than anyone else's," said Bill Warlick, analyst at Fitch Ratings.
Updated: 10/04/2011 05:18P
Analyst Moves: AMR, CMG
The analyst issuing the upgrade believes that it is unlikely AMR will be declaring bankruptcy, and it is attractive at current prices. AMR , the parent company of American Airlines, was upgraded today by Rodman & Renshaw from Market Perform to
Updated: 10/04/2011 05:14P
AMR seen pressured, but not ready for bankruptcy
The stock bounced 20 percent to $2.39 on Tuesday as the market began to shrug off the bankruptcy speculation. "The key thing is that their position is weakening faster than anyone else's," said Bill Warlick, analyst at Fitch Ratings.
Updated: 10/04/2011 05:13P
Milbank Tweed representing Real Mex in bankruptcy proceedings
Oct 4 (Reuters) - The leading Mexican restaurant operator in the United States filed for bankruptcy on Tuesday and put its El Torito, Chevys Fresh Mex and Acapulco Mexican Restaurant chains up for sale. Real Mex Restaurants Inc said in documents filed
Updated: 10/04/2011 05:06P
Friendly's On Verge of Bankruptcy [POLL]
Friendly's restaurants may be in jeopardy as the company will be filing for Chapter 11 bankruptcy as early as next week, according to The Huffington Post. Friendly Ice Cream employs 10000 people and operates more than 500 restaurants
Updated: 10/04/2011 04:58P
Bankruptcy Judge Appointes Mediator to Help Dodgers, MLB End Fight (Wilmington
A mediator was appointed by the judge overseeing the Los Angeles Dodgers' bankruptcy to help the club and Major League Baseball Commissioner Bud Selig try to overcome their months-long battle over the future of the team. Retired US District Judge
Updated: 10/04/2011 04:56P