News

AMR has 2Q loss of $241M on bankruptcy costs - Yahoo Finance

07/18/12

AMR shares were removed from the New York Stock Exchange after the bankruptcy filing. They continue to trade over the counter but have fallen below $1 because companies in bankruptcy usually issue new stock after they go through the process.

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AMR has 2Q loss of $241M on bankruptcy costs - Miami Herald

07/18/12

Fares rose 7 percent over last summer ... American and AMR filed for bankruptcy protection in November after losing more than $10 billion since 2001. The company is seeking to cut labor costs and shed money-losing routes to return to ...

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E-book trend means profits decline, study shows - St. Louis Post-Dispatch

07/18/12

The print sales came to $11.1 billion. Children and young adult sales keep going up and came to $2.78 billion. Bricks-and-mortar stores are still the primary place people buy books, although last year's Borders bankruptcy affected the sales figures.

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Peregrine CEO Wasendorf’s Bail Hearing Moved to July 27 - Businessweek

07/18/12

The regulatory case is U.S. Commodity Futures Trading Commission v. Peregrine Financial Group Inc., 12-cv-05383, U.S. District Court, Northern District of Illinois (Chicago). The bankruptcy case is In re Peregrine Financial Group Inc., 12-27488 ...

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Another California city opts for bankruptcy - WVNT-TV

07/18/12

Bankruptcy experts say the decision in San Bernardino - some 60 miles east of Los Angeles - could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations continue to rise.

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Compton officials talking about possibly filing for bankruptcy - Los Angeles Times

07/18/12

Officials in the financially struggling city of Compton have begun publicly discussing the possibility of filing for bankruptcy, following on the heels of Stockton, Mammoth Lakes and San Bernardino. Treasurer Douglas Sanders told the council ...

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Bain's Businesses: Romney's Company Owns Everything From Child Care to Pizza - ABC News

07/18/12

KB Toys filed for bankruptcy in 2004, four years after Bain took over ... Reuters reported at the time of the sale. Bain took over the musical instrument retailer Guitar Center in 2007 for $2.1 billion, Reuters reports. While Romney was an ...

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Former Howrey partners in bankruptcy trustee's crosshairs - The Business Journal

07/18/12

The defunct firm's bankruptcy trustee fingered 211 former partners at 70 firms in a filing Monday in U.S. Bankruptcy Court in San Francisco, seeking judicial permission to examine their files in hopes of finding assets that rightly belong to Howrey.

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GM Is Headed For $27.50 Unless Europe Bleeds More Cash - Forbes

07/18/12

GM Rides To $27.50 With Strong June Sales And J.D. Power Ratings Trefis Team Contributor ... whether the company will stick to its original plans. Since emerging from bankruptcy in 2009, GM’s Opel has lost more than $3.5 billion.

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Compton considers bankruptcy amid money woes - Abc Local Web

07/18/12

COMPTON, Calif. (KABC) -- First it was San Bernardino. Now, the city of Compton is looking at the possibility of filing for bankruptcy. Though nothing has been decided for certain yet, Compton's city treasurer told the City Council Tuesday night that the ...

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