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Shares of American Airlines parent AMR fall, analyst says bankruptcy likely
DALLAS -- Shares of American Airlines parent AMR Corp. fell Friday, and an analyst predicted the company will wind up in bankruptcy unless it gets a break from lenders or more cash. The shares dropped 19 cents, or 6.6 percent, to close at $2.69 and
Updated: 10/21/2011 05:15P
Carls Furniture says it has deal to emerge from Chapter 11
Baker said the deal was announced to Bankruptcy Court Judge John Olson at an Oct. 18 hearing and is pending approval by all unsecured creditors. In a release, the South Florida company said, "the plan will provide for a dividend to unsecured creditors
Updated: 10/21/2011 05:11P
AMR Shares Slump
A Morningstar analyst added to speculation that the company is heading toward bankruptcy, saying AMR will run short of cash to pay big liabilities, including pension contributions. AMR reported Wednesday that it lost $162 million in the third quarter,
Updated: 10/21/2011 05:07P
Andrew Madoff Appeal of $198 Million Suit 'Not Warranted'
Oct. 21 (Bloomberg) -- Andrew Madoff's request to appeal a $198 million lawsuit by the liquidator of Bernard Madoff's firm was “not warranted” and the case should go to trial, the trustee said. Trustee Irving Picard won a court ruling
Updated: 10/21/2011 04:58P
Baker & Hostetler awarded another $44.7 million for Madoff work
and his law firm were awarded another $45.3 million of fees by the judge overseeing the liquidation of the imprisoned Ponzi schemer's investment advisory firm. In an order made public on Friday, US Bankruptcy Judge Burton Lifland in Manhattan
Updated: 10/21/2011 04:52P
Icahn's Truck Ride Is an Accident Waiting to Happen
MGM Studios was floundering under a near $4 billion debt burden and put itself up for sale to avert bankruptcy. Icahn was a significant MGM debt holder and Lions Gate was one of its interested buyers, submitting an up to $1.4 billion bid, according to
Updated: 10/21/2011 04:37P
Madoff trustee, firm awarded another $45.3 million
In an order made public on Friday, US Bankruptcy Judge Burton Lifland in Manhattan awarded Baker & Hostetler $44.7 million and Picard $599301 for their work in the four months ended May 31, a court filing shows. They will be paid a respective $40.25
Updated: 10/21/2011 04:28P
Friendly's enters Chapter 11; seven SE Mass. stores closed
Sixty-three "underperforming" Friendly's restaurants have been closed after Friendly Ice Cream Corporation and subsidiaries filed for bankruptcy protection under Chapter 11. The total closings include two restaurants in Rhode Island and 29 in
Updated: 10/21/2011 04:24P
AMR shares down Friday amid more financial fears
A Morningstar analyst is adding to speculation that the company is heading toward bankruptcy. The analyst says AMR will run short of cash to pay big liabilities, including pension ontributions. KRMG talked with a local analyst this week who said it's
Updated: 10/21/2011 04:15P
Shares of American Airlines parent AMR slump as bankruptcy speculation grows
A Morningstar analyst is adding to speculation that the company is heading toward bankruptcy. The analyst says AMR will run short of cash to pay big liabilities, including pension contributions. AMR reported Wednesday that it lost $162 million in the
Updated: 10/21/2011 04:07P
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