COMPANIES

AMR Corporation Files for Bankruptcy

American Airlines
R Corp. filed for bankruptcy protection in New York despite the fact that the company has more than a reported $4 billion in cash on hand. AMR shares, traded on the New York Stock Exchange, were halted earlier on the news. But after trading resumed, AMR Corporation common stock is trading down 85.93 percent on the day to 23 cents -- near a 52-week low of 20 cents.
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Infosys

Infosys Profit, Revenue Estimates Revised by Susquehanna

Susquehanna Financial has revised its profit and revenue estimates of software major Infosys Ltd. (NASDAQ:INFY), following a statement from S.D. Shibulal, its Chief Executive Officer (CEO) that the demand environment, which started to deteriorate 45 days ago, has yet to recover.
A view shows the AT&T store sign in Broomfield, Colorado

AT&T and T-Mobile Merger Madness: Positive for Clearwire, Negative for Sprint

AT&T, Inc. (NYSE:T) and T-Mobile's withdrawal of their Federal Communications Commission (FCC) application to transfer spectrum and AT&T's intent to book the full $4 billion break-up fee as a non-cash charge against fourth-quarter earnings indicates that there is only a slim probability that the deal will be approved.
Fun Vii

Toyota Unveils ‘Smartphone on Wheels’

Want to change the way your car looks just by pressing a button? Well, you could probably do so in near future, as Toyota has unveiled a futuristic concept car which promises exactly that and much more.
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Lionsgate and Summit in new merger talks

Two of Hollywood's leading independent studios, Lionsgate and Summit, have started merger discussions, according to an individual with knowledge of the talks.
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Onyx Shares Jump on Report of Potential Sale

Shares of Onyx Pharmaceuticals Inc (ONXX.O), known for its liver cancer drug Nexavar, jumped more than 20 percent on Monday, after Bloomberg reported the company was exploring options, including a possible sale.
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DOJ Probes Del Monte Sale for Antitrust Violations

The Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co (KKR.N), according to court papers regarding an investor settlement over the transaction.
world map

U.S. Firms Added Jobs Offshore, Cut Jobs At Home

U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
An oil processing facility

Sudan says halted South Sudan govt oil exports

Sudan said on Monday it had halted landlocked South Sudan's oil exports until the two agree on a transit fee, stepping up a row between the two old civil war foes over how to untangle their once-integrated oil industries.
ANZ Survey: August Dipping Job Ads Signal Soaring Unemployment in Months Ahead

Modest Job Gains Expected in Early 2012

The past Black Friday weekend saw record breaking sales figures as consumers are feeling more comfortable to purchase again. Job market outlook for early 2012 could provide another gentle boost to consumer spending, which accounts for as much as 70 percent of all U.S. growth.
Greene

Manhattan's 60 Greene Retail Sold for $10.35 Million, 57-63 Greene Close to Deal

A retail space at 60 Greene Street in Manhattan's Soho neighborhood has sold for $10.35 million, according to New York City records, one of two recent deals that cement the street's reputation as a desirable retail strip. Across the street, 57-63 Greene's retail condo is close to a deal, according to David Schechtman of Eastern Consolidated, one of the listing brokers.
Chevy Volt

GM Chevy Volt Fiasco: Are Electric Cars Safe?

At a time when electric cars are beginning to steal the limelight from their gas-eating rivals, a new finding from the National Highway Traffic Safety Administration (NHTSA) over General Motors' (NYSE:GM) electric vehicle, Chevrolet Volt, may likely question the safety of electric cars.

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