Skip navigation
Watchlist Sponsored By :


Current DateTime: 06:27:34 08 Nov 2009
LinksList Documentid: 24355697

Current DateTime: 06:27:34 08 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
UAL Shares Slammed by False Bankruptcy Report
By: CNBC.com | 08 Sep 2008 | 05:01 PM ET
Text Size

Shares of UAL, the parent of United Airlines, plunged Monday after a false rumor that the company was declaring bankruptcy.

United Airlines
Jacquelyn Martin / AP
United Airlines

The rumor was apparently sparked by the accidental republication of a years-old news story on a newspaper Web site. United Airlines subsequently told CNBC that the report is inaccurate.

In a prepared statement, United said that "reports that the company filed for bankruptcy are completely untrue and were caused by the irresponsible posting of a 6-year-old Chicago Tribune article by the Florida Sun Sentinel newspaper website with the date changed."

The republished story was related to United's 2002 bankruptcy filing. United exited bankruptcy in February 2006.

Both the Sun Sentinel and the Chicago Tribune are owned by Tribune Co. UAL is based in Chicago.

The stock, which opened trading at $12.17 on the Nasdaq Monday, last traded at $8.97, down 27.07 percent, before being halted for about half an hour starting at 11 a.m. New York time.

The stock [UAUA  Loading...      ()   ] finished Monday down 11.22 percent at $10.92.

© 2009 CNBC
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Rumors abound that Oprah will leave her show to start a new network. What would this mean for daytime TV?
  • Berkeley's Chez Panisse and the trend of eating locally grown, pesticide-free seasonal foods.
  • Jim Cramer
  • Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
  • Hideki Matsui
  • Did Hideki Matsui’s performance make it more likely that the Yankees will pay to have him back?
  • Which wines should you bring—or serve—with holiday meals this year? Ask a connoisseur.
  • Two competitors in this year’s World Series of Poker in Las Vegas have stories fit for Hollywood.
ADD COMMENTS
Remaining characters


Current DateTime: 03:19:59 08 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 03:19:59 08 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 03:20:01 08 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 03:20:01 08 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters