Losses Of $1.7 Billion For American
April 20, 2012- American Airlines’ parent company AMR Corp, which entered bankruptcy protection in 2011, has announced losses of $1.7 billion when its quarterly earnings were released on Thursday. Th...
Tag Archives: bankruptcy
OWN Network Lets Workers Go
March 20, 2012- The new television network of Oprah Winfrey is struggling to stay afloat. OWN had to lay off 20% of its work force in a restructuring effort to save the company. The restructuring wil...
Fuller Brush Seeks Chapter 11 Protection
February 23, 2012- Most adults can remember being home as a child when the doorbell rang and a Fuller Brush salesman came to the door. The door-to-door salesman the company employed became a business...
Two European Airlines Shut Down Leaving Many Stranded
February 7, 2012- In the span of just one week, two European airlines closed their doors leaving many passengers stranded and with no recourse. The European Commission has for the past two years disc...
American Airlines Plans 13,000 Job Cuts
February 3, 2012- AMR Corp, the parent company of American Airlines, says it wants to cut up to 13,000 jobs or about 15% of its entire workforce. The third largest airline in the nation is trying to ...
Olympus Sues President And Others
January 10, 2012- Olympus Corp, the Japanese business that has been disgraced in its home country, filed suit against a number of executives including its president. The company is attempting to be c...
