This just in from CBS.com:
(CBS/AP)
DALLAS – American Airlines’ parent company, AMR, filed for Chapter 11 bankruptcy this morning.
American lost $868 million during the first nine months of this year, and was the only major U.S. airline to lose money last year.
AMR Corp. and AMR Eagle Holding Corp. says they filed voluntary petitions to reorganize.
It says the move is in the best interest of both companies and its shareholders.
American has been unable to reach a new cost-saving contract with its pilots. It has been trying to upgrade its aging fleet of planes, and has not merged with another carrier, like many of its competitors… [read more]
Schedule Summary: President Donald Trump will receive a briefing, sign some proclamations, and participate in…
The Washington Post issued a correction Tuesday, saying it published an article that failed to…
Elon Musk sharply criticized President Donald Trump’s “big, beautiful bill” incorporating vast swathes of his…
President Donald Trump said Monday night his administration’s new Iran nuclear deal would not include…
The Supreme Court was surely correct in its recent majority decision acknowledging President Trump acted…
The Autopen scandal raises many questions: Who was running the country? Are all the pardons…