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in UAL Corp., the parent company of United Airlines, was briefly halted on the Nasdaq Monday after circulation of an outdated news report that the company was seeking bankruptcy protection.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.

View Full Article in:

NYTimes.com · Reuters · Los Angeles Times (tiered subscription model) · Chicago Tribune (tiered subscription model)

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Technical Writer- Subject Matter Expert (SME)- Maintenance
Allegiant Travel Company
Las Vegas , NV
People Manager
Simplicity USA
Denver, CO
Sales Engineer: Aerospace and Defense
Hydra-Electric Company
Burbank, CA
Supervisor, Heavy Maintenance
Hawaiian Airlines
Honolulu, HI
Senior Analyst - eCommerce, Communication and Transparency Channels
United Airlines
Chicago, IL