News

American Airlines parent loses $1.7 billion, to cut 1,200 jobs - Los Angeles Times

04/19/12

Bankruptcy is bringing income down at American Airlines Inc. parent AMR Corp., as restructuring costs pushed the company into a $1.7-billion loss for the first quarter. Without the $1.4-billion bankruptcy burden, AMR said its loss would have ...

[more]

AMR Corp. reports $1.7B loss due to bankruptcy costs - The Business Journal

04/19/12

which it attributed mostly to one-time costs related to its Chapter 11 bankruptcy filing in November. The Dallas Business Journal reports that excluding those bankruptcy costs and other items, the Fort Worth, Texas-based company would have lost ...

[more]

Mamalakis' SXP Analytics files Chapter 11 - The Business Journal

04/19/12

SXP Analytics LLC, a Milwaukee company that engages in high-speed, electronic stock trading, filed for Chapter 11 bankruptcy this week in U.S. Bankruptcy Court. The company lists its address as 2266 N. Prospect Ave. and its owner as Emmanuel ...

[more]

UPDATE 2-Rockwell Collins cuts FY forecast, may trim gov't business - Reuters

04/19/12

Sales to government agencies ... owned by Goldman Sachs Group Inc's private equity arm and Onex Corp, is preparing to file for bankruptcy protection in the next several weeks. Rockwell has outstanding receivables of about $30 million from ...

[more]

UPDATE 3-Southwest Air posts loss but still beats; shares rise - Reuters

04/19/12

American Airlines parent AMR Corp, which is operating under Chapter 11 protection, posted a wider quarterly loss, citing fuel and expenses tied to its reorganization. The first quarter is typically the weakest period for U.S. airlines.

[more]

BANKRUPTCY LAW FIRM SCHNEIDER & STONE OFFERING STUDENT LOAN RELIEF - Emailwire

04/19/12

He seeks to inform the public that filing a Chapter 11 or a Chapter 13 bankruptcy can reorganize outstanding student loans while allowing repayment over time. Throughout the bankruptcy, the loans will be in forbearance and no interest will accumulate.

[more]

University of Houston - Downtown Recognizes Ben Aderholt as Outstanding Adjunct - PR Newswire

04/19/12

Aderholt received the 2012 UHD Outstanding Adjunct Award. Aderholt joined Looper Reed in 2002 as a Member where his practice focuses on Commercial Litigation, Construction Law and Bankruptcy.  Aderholt graduated from the University of Texas with a B.A. in ...

[more]

Developer of Jersey City's Liberty Harbor Files For Chapter 11 - GlobeSt. com

04/19/12

Join the thousands of real estate professionals that subscribe to the New Jersey AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with ...

[more]

Financial News from AP - Yahoo Finance

04/19/12

The ... The parent company of American Airlines says it lost $1.7 billion in the first quarter, mostly on costs related to its bankruptcy restructuring.AMR Corp. said Thursday that excluding bankruptcy costs and ... Mississippi Gov. Phil Bryant ...

[more]

American plans to cut 1,200 more jobs - USA Today

04/19/12

The latest round of cuts were announced on Wednesday, a day before the airline announced a first-quarter loss of $1.7 billion, thanks largely in part to expenses incurred during bankruptcy. The AP reported other changes announced by American: "The company ...

[more]