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AMR Shares Sink on Concerns about Labor Contract wit Pilots
Many analysts believe that the Fort Worth, Texas-based airline will have to file for bankruptcy if its labor costs continue to remain high. AMR, in fact, was the only major US airline that did not file for bankruptcy a few years ago.
Updated: 11/15/2011 03:48P
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Updated: 11/15/2011 03:38P
MF Global Trustee Asks Judge to Allow Speedy Claims Process for Ex-Clients
Under bankruptcy law, assets must be shared equally among customers, Giddens has said. The size of the “apparent shortfall” in customer funds still isn't known, according to Giddens's statement. His team is working with government officials,
Updated: 11/15/2011 03:37P
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InCharge counselors report that many debt-strapped consumers are giving up home internet access to save money, and using their smart phones instead. "The strong growth of smartphone usage is evident as our counselors work with increasing numbers of
Updated: 11/15/2011 03:29P
Conservatives reject more austerity
ATHENS — Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is keeping Athens from bankruptcy, signalling a new coalition government may not enjoy the kind of cross-party support its lenders demand.
Updated: 11/15/2011 03:29P
Greece, EU Head for Showdown Over Bailout
Greek conservatives set themselves on a collision course with the European Commission on Tuesday, saying they would not bow to "dictates from Brussels" over a bailout designed to save their country from bankruptcy and safeguard the euro.
Updated: 11/15/2011 03:28P
MF Global May Have Been Sick for Awhile
Failing to upgrade compliance in connection with a changed business model could in itself violate securities laws, industry experts say. An attorney for Corzine didn't return calls for comment. Jeff Liddle, a prominent Wall Street employment attorney,
Updated: 11/15/2011 03:27P
CME Denies 'Moral Hazard' In MF Global Customer Guarantee
The offer extended by CME to court-appointed trustee James Giddens on Friday intends to speed the return of customer money locked up by MF Global's bankruptcy, according to a Tuesday notice from the Chicago-based exchange operator, and wouldn't tempt
Updated: 11/15/2011 03:26P
Crystal Cathedral Sale: Christian Institutions Fight to Purchase Church
But the university has not raised its bid for the piece of real estate, which remains at $51.5 million. The school is not the highest bidder. That title goes to the Roman Catholic Diocese of Orange, which has been trying hard to close the deal,
Updated: 11/15/2011 03:24P
SP Newsprint files for Chapter 11 bankruptcy
SP Newsprint Holdings LLC, a newsprint company controlled by polo-playing mogul Peter Brant, filed for Chapter 11 bankruptcy protection Tuesday, the second Brant-owned newsprint company to tumble into bankruptcy proceedings in
Updated: 11/15/2011 03:22P
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