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American Airlines parent AMR's shares hit 8-yr low
AMR's stock has fallen about 40 percent in the fourth quarter as the labor standoff and high fuel prices stoked fears of a bankruptcy filing that could wipe out shareholders. The shares were down 7 percent in late afternoon trading Thursday.
Updated: 11/17/2011 03:48P
General Maritime Enters Chapter 11
Oil-tanker company General Maritime Corp. filed for Chapter 11 bankruptcy protection Thursday after securing its lenders' support for a restructuring that envisions a $175 million equity infusion from affiliates of Oaktree Capital
Updated: 11/17/2011 03:48P
Italy hit by protests as PM Mario Monti unveils economic plan
ROME: As riot police clashed with protesters in the streets, Italy's new premier unveiled his economic plan, vowing to spur growth yet spread out the sacrifices Italians must accept to save their country from bankruptcy and the eurozone from a
Updated: 11/17/2011 03:46P
Italy's new govt passes 1st confidence vote
But outside, Rome's historic center was paralyzed by student protests and in the financial capital of Milan, riot police struggled to stop protesters trying to reach the Bocconi University over which he presides, signaling the depth of the resistance
Updated: 11/17/2011 03:41P
Panel faults judge's membership in segregated club
AP WASHINGTON -- A panel of federal judges has found that a bankruptcy judge's membership in a Nashville, Tenn., country club that has no women or blacks as full-fledged members violates the judiciary's code of ethics. But the panel said Thursday that
Updated: 11/17/2011 03:38P
Panel says federal bankruptcy judge in Tenn. should not be member of
WASHINGTON — A panel of federal judges has found that a bankruptcy judge's membership in a Nashville, Tenn., country club that has no women or blacks as full-fledged members violates the judiciary's code of ethics. But the panel said Thursday that it
Updated: 11/17/2011 03:38P
Economist: Without big reforms, Detroit will default in 4 months, file bankruptcy
Bing: "If we want to succeed, all of us have to put some skin in the game." (CNN) -- It's a race against the clock in Detroit. The home to America's Big Three automakers has until spring to straighten out its budget
Updated: 11/17/2011 03:28P
Even Through Foreclosure, There are Options to Reclaim the American Dream
Be sure to ask for a lawyer's credentials before signing up, see if they offer a free consultation and during that consultation ask questions to make sure they are well versed in real estate law, bankruptcy, civil procedure and all of the various state
Updated: 11/17/2011 03:22P
Nigeria fines BA, Virgin Atlantic total $235 million
COPENHAGEN (Reuters) - Oil tanker company General Maritime Corp filed for bankruptcy protection and Denmark's Torm said it was in talks with creditors on Thursday as both fell victim to a glut of ships in the world
Updated: 11/17/2011 02:43P
MF Global trustee gets OK to disburse $520M
US Bankruptcy Judge Martin Glenn approved the payout at a hearing Thursday in Manhattan. The payout is 60 percent of the $869 million frozen Oct. 31 across commodity customer accounts that contained only cash, the trustee James Giddens has said.
Updated: 11/17/2011 02:37P
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