AMR shareholders saw their stocks drop 84 percent on Tuesday, and can expect the stock to drop to zero, but experts are saying the state of the airline industry today suggests profits are on the way.
The deal at the heart of the American economy is that employers pay their workers enough to buy what employers are selling. When we forget that–as we have over the last decade–the trouble starts.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Eurozone ministers finally handed Greece an euro8 billion ($10.7 billion) rescue loan to fend off its immediate cash crisis yet failed to resolve overall fears about the viability of the euro.
AP - Herman Cain says he must gauge the response of supporters before deciding whether his presidential candidacy can survive another allegation of inappropriate sexual behavior. He's likely to hear from backers and doubters alike over the next few days.
AP - It was clear that Michael Jackson's doctor was going to get the maximum four-year sentence for involuntary manslaughter before the judge even finished speaking.
Hillary Clinton makes the first visit by a secretary of state in more than 50 years to the nation one U.S. official called that "mythical and tragic country" of Myanmar.
The U.S. Department of Agriculture has slapped the parent company of the "Greatest Show on Earth" with a record penalty for alleged animal rights violations.
Gary Giordano, a U.S. citizen held in Aruba in connection with the disappearance of a Maryland woman, was set free Tuesday after months in detention, Chris Lejuez, Giordano's Aruban attorney, told CNN.