UAL shares plummet on false Internet-fueled bankruptcy rumors

Trading in UAL Corp., the parent company of United Airlines, was briefly halted on the Nasdaq Monday after circulation of an outdated news report that the company was seeking bankruptcy protection. Reportedly, a 6-year-old article from the Chicago Tribune was posted on another news site, which was subsequently picked up by a research firm. After the dated headline made its way to Bloomberg News, United Airlines issued a statement saying the rumors were patently false. Although shares ended the day at $10.92, they briefly plunged as low as $3 following the erroneous reports.

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