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American Airlines Parent AMR Files for Chapter 11 Protection AMR Corp. filed for protection in New York in a surprise move given it has more than $4 billion in cash, and appointed Thomas Horton as chairman and chief executive after Gerard Arpey opted to retire and join an investment group.
... read moreUS HOT STOCKS: AMR, Seagate, Corning, UnitedHealth Group AMR Corp. ($0.27, -$1.35, -83.33%), the parent company of American Airlines Inc., filed for Chapter 11 bankruptcy in New York, a process that will allow the carrier to continue normal business operations as it restructures its debt.
... read moreConfidence Data Give Dow a Boost, Nasdaq Lags Behind American Airlines, and its parent company
AMR (
AMR), filed for Chapter 11 bankruptcy protection in US Bankruptcy Court on Tuesday. The company made the move to "become a more efficient, financially stronger, and competitive airline," Thomas Horton,
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