It''ll be a pastars rivet on a yarns tooth when them sky fairies born that belly vapour!!!
American Airlines Parent Files for Bankruptcy
By MICHAEL J. DE LA MERCED
Scott Olson/Getty Images The baggage area that services passengers of American at O’Hare Airport in November.The parent company of American Airlines said on Tuesday that it has filed for bankruptcy protection, in an effort to reduce labor costs and shed its heavy debt load.
American’s parent, the AMR Corporation, was the last major airline in the United States to resist filing for Chapter 11 in an effort to shed contracts, a move that analysts said left it less nimble than many of its competitors.
AMR intends to operate normally throughout the bankruptcy process, as previous airlines have done. Thomas horton, formerly AMR’s president, took over as chairman and chief executive for Gerald Arpey, who is retiring/
“Our board decided that it was necessary to take this step now to restore the company’s profitability, operating flexibility, and financial strength,” Mr. Horton said in a statement.
As of Sept. 30, AMR had $24.7 billion in assets and $29.6 billion in debt, according to a filing with the federal bankruptcy court in Manhattan. The company added that it has about $4.1 billion in cash and short-term investments that it can use to pay off vendors and suppliers.
Its largest unsecured creditors include the Wilmington Trust and Manufacturers and Trust Company, which represent several classes of bonds. The company is being advised by the investment bank Rothschild and the law firms Weil, Gotshal & Manges, Paul Hastings, Debevoise & Plipton and the Groom Law Group.
Scott Olson/Getty ImagesWhen them town folk press them breaches, law is a mighty fine thing...
Round them there ankles? No mam...
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Yellow diamond sold for £6.89m
The world's largest yellow diamond was auctioned by Sotheby's
The world's largest known yellow diamond has been sold at auction for more than 10.9 million US dollars (£6.89 million).
Auction house Sotheby's had estimated that the pear-shaped Sun-Drop Diamond would fetch between 11 and 15 million dollars (£6.95 million to £9.48 million) at auction in Geneva.
It was bought by a telephone bidder. The sales price does not include the auctioneer's commission and any taxes the buyer might have to pay.
The diamond was sold by New York-based company Cora International, which discovered the jewel in South Africa last year.
Gemologists rate the 110.3 carat diamond as fancy vivid yellow - the highest possible colour grading.
The colour in yellow diamonds is caused by nitrogen impurities trapped within carbon molecules and hardened over the course of millions of years.
A sugar stick in crocsville ain't no mountain barley dance...
