News

High-frequency stock trader, SXP Analytics, files for bankruptcy protection - Milwaukee Journal Sentinel

04/19/12

Mamalakis generally declined to speak about the case, but said the filing was prompted by litigation and not operational issues. Jerome Kerkman, SXP's bankruptcy lawyer, said the firm remains profitable. But a federal court case in Texas in which another ...

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The Daily Docket: Hostess CEO Seeks Pension Fix - Wall Street Journal

04/19/12

(Daily Bankruptcy Review and DBR Small Cap are daily newsletters ... Also according to WSJ, MF Global Holdings Ltd. trustee James Giddens wants litigation on a $700 million dispute over U.K. customers’ money. It looks like U.S. District ...

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American Airlines lost $1.7 billion in first quarter - New York Post

04/19/12

FORT WORTH, Texas — 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 other special items ...

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American reports $1.7 billion first quarter loss, mostly due to reorganization expenses - Fort Worth Star-Telegram

04/19/12

American Airlines said it posted a $1.7 billion loss for the first quarter, mainly due to reorganization costs resulting from its parent company, AMR Corp., filing for bankruptcy protection last November. The Fort Worth-based carrier said its ...

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American parent AMR posts $1.7 bln 1st-qtr loss - Reuters UK

04/19/12

April 19 (Reuters) - American Airlines parent AMR Corp , which is operating under Chapter 11 protection, posted a first quarter loss on Thursday as fuel costs rose and it had expenses tied to its reorganization. The company, which sought ...

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American reports $1.7 billion first-quarter loss - Fort Worth Star-Telegram

04/19/12

American Airlines said it posted a $1.7 billion loss for the first quarter, mainly due to reorganization costs resulting from its bankruptcy filing last November. The Fort Worth-based carrier said its results included $1.4 billion in ...

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Sean Menke to step down as Pinnacle Airlines CEO - Memphis Commercial Appeal

04/19/12

Pinnacle, in a statement, said Menke's resignation will not affect the company's Chapter 11 proceedings or its ability to successfully restructure. Menke, an airline veteran who had guided Frontier Airlines through its own Chapter 11 ...

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AMR, parent of American Airlines, lost $1.7 billion in 1Q on bankruptcy-reorganization costs - Washington Post

04/19/12

FORT WORTH, Texas — 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 other special items, it would ...

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Pinnacle Airlines Corp. COO John Spanjers to Succeed Sean Menke as CEO Effective June 1 - Yahoo Finance

04/19/12

Pinnacle does not anticipate this transition will impact the timeline of the company's Chapter 11 proceedings or Pinnacle's ability to successfully restructure and emerge from Chapter 11. "John brings a strong and proven track record of airline ...

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AMR Corporation Announces First Quarter 2012 Results; Files Form 10-Q Quarterly Report - Yahoo Finance

04/19/12

AMR Corporation and certain of its United States-based subsidiaries, including American Airlines, Inc. and AMR Eagle Holding Corporation, filed voluntary petitions on Nov. 29, 2011 for Chapter 11 reorganization in the U.S. Bankruptcy Court for ...

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