American Airlines Falls Into Chapter 11 Amid Cash Crunch
The airline famed for curbside check in and Sabre reservations filed for Chapter 11 bankruptcy reorganization as high legacy costs and aging jets left it with scant liquidity. 78,000 workers face job losses or pay cuts while creditors and shareholders bear losses. The carrier traces roots to the 1920s and pioneered many industry firsts, from DC-3 service to Sky Chefs and coast-to-coast jets.
MENTIONED IN THIS ARTICLE
American
George Hobica
American Airlines
Sky Chefs
Pan Am
TWA
United
American Airlines Stewardess College
Caribbean
Sabre
Travelocity
Sky Harbor International
Phoenix
AMR
Confidence in Economy Rises As Holiday Shopping Nears
Americans show rising confidence in the economy with the Conference Board index up 15 points to 56.0 in November, the highest since July, though still below healthy levels. Spending indicators improve as Thanksgiving weekend set records and Cyber Monday online sales hit 1.25 billion, while job prospects improve but home prices slip in many major cities.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
Lynn Franco
Conference Board Consumer Research Center
Europe
Mark Witner
Wells Fargo
National
NRF
comScore Inc
Consumer Index
Labor Department
Macy's
Union Square
San Francisco
Doctor Conrad Murray Given Maximum Four Year Sentence
In Los Angeles Judge Michael Pastor sentenced Dr. Conrad Murray to the maximum four years for the overdose death of Michael Jackson. Murray, deemed a reckless physician, will serve about two years in county jail in a single cell, with the judge criticizing his deceit and lack of remorse while noting a California law change limits him to county custody.
MENTIONED IN THIS ARTICLE
Los Angeles
Michael Jackson
Conrad Murray
Superior Court
Michael Pastor
Jackson
Pastor
California
Murray
Steve Cooley
Cooley
Also Mentioned on This Page
Edward Pizzarello
Black Hills Energy
W.serviceguard
North Pol
Santa
Garden City Telegram
Harry
Garden City
Gctelegram.com
Jackson Hoc
Home Depot
Kansas Ave
The
Weeks
Gilbert Sanford
Gctelegram
N. Seventh St
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