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in UAL Corp., the parent company of United Airlines, was briefly halted on the Nasdaq Monday after circulation of an outdated news report that the company was seeking bankruptcy protection.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
Analyst, Financial Analysis
Hawaiian Airlines
Honolulu, HI
Director of Quality Control
Swift Air LLC
Phoenix, AZ
Sr Analyst, Operations & Workforce Efficiency
Hawaiian Airlines
Honolulu, HI
Multimedia Manager
Aerospace Industries Association
Arlington, VA
M&E Training Content Developer
Alaska Airlines
Seattle, WA