Tagged: Bankruptcy

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4:00 pm
Wed November 21, 2012

Judge Says RIP, Hostess

Lead in text: 
Twinkies may be built to live forever, but a federal bankruptcy judge put the final nails in the coffin for Irving-based Hostess Brands today. The move clears the way for the Twinkies, Ding Dongs and Ho Hos to go on the auction block.
A federal bankruptcy judge approved Hostess Brands' plans to wind itself down, officially putting the Twinkies brand on the auction block. In granting Hostess' motion, Judge Robert D. Drain of the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder.
Business
9:45 pm
Thu September 27, 2012

American Airlines Ratchets Up Heat On Pilots

Credit Andrew Morrell / flickr

American Airlines says it’s serious about taking pilots to court if, as the company claims, they continue to disrupt flights. And if that happens, the pilots union could be fined millions.

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Business
6:52 pm
Thu September 20, 2012

Some Travelers Unhappy with American Airlines Delays

North Texas travelers now have fewer flights to choose from out of DFW. American Airlines has cut up to two percent of its flights following an increase in delays and cancellations.

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Daily Roundup
1:15 pm
Fri May 11, 2012

American Airlines Workers March On Headquarters

Hundreds of uniformed American Airlines workers have marched to company headquarters to protest bankruptcy plans that could void their contracts.

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Daily Roundup
12:21 pm
Mon April 23, 2012

American To Make Its Case Against Union Contracts

Credit caribb / (cc) flickr

Officials with American Airlines will try to convince a bankruptcy judge that labor agreements must be broken for the carrier to survive.

Leaders of the Fort Worth-based airline on Monday will be at a federal courthouse in New York to open what could be a two-month hearing.

Parent company AMR seeks to void its contracts with pilots, flight attendants and ground workers and impose its own terms.

The airline lost more than $10 billion in the decade leading up to its declaration of bankruptcy last November.

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