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Stock Market & Financial Investment News

News Breaks
October 26, 2012
08:21 EDTAAMRQAmerican Air to lay off 290 mechanics, store clerks, Star-Telegram says
American Airlines (AAMRQ) may lay off as few as 290 mechanics and store clerks as part of its restructuring plan, much less than the carrier previously expected, the Star-Telegram reports. Across its network, American says 222 mechanics, 33 store clerks and 35 facility mechanics will lose their jobs. Reference Link
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May 24, 2013
16:58 EDTAAMRQOutgoing AMR Corp. CEO's pay opposed by DoJ, Reuters says
AMR Corp.'s (AAMRQ) outgoing CEO Tom Horton's severance pay of nearly $20M allotted as part of the company's plan to emerge from bankruptcy and merge with US Airways (LCC) is being opposed by the Department of Justice, which says the deal violates bankruptcy law, reports Reuters. Reference Link
May 16, 2013
08:28 EDTAAMRQEU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link

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