Posts Tagged ‘Stock’
Should You Buy Shares of American Airlines Stock – Ch 11 Bankruptcy
American Airlines has filed for Ch 11. bankruptcy. Does that make purchasing their stock a good deal?
Duration : 0:2:39
Introduction – Financial Aid with Professor Birdthistle
Introduction to the Series
See also:
Lesson 1: What is a Company?
Lesson 2: What is a Bank?
Lesson 3: What is Debt?
Lesson 4: What is Equity?
Lesson 5: What is a Stock Exchange?
Lesson 6: What is a Fund?
Lesson 7: What is Retirement?
Lesson 8: What is Financial Information?
Lesson 9: What are Taxes?
Lesson 10: What is an Economy?
Lesson 11: What is Insurance?
Lesson 12: What is Bankruptcy?
Original music by Lee Weisert.
Duration : 0:5:29
Rochelle on Harrisburg Bankruptcy and Lehman Claims Trading
Oct. 20 (Bloomberg) — Bloomberg Law’s Lee Pacchia talks with Bloomberg News bankruptcy columnist and editor-at-large Bill Rochelle about the week’s bankruptcy news and legal developments including Harrisburg, Pennsylvania and Lehman Brothers Holding Inc.
Duration : 0:4:3
Friendly’s is Filing for Chapter 11 Bankruptcy And Closes 63 Stores
Restaurant chain, Friendly’s is filing for Chapter 11 bankruptcy protection and already closed 63 stores.
The company says the slump in the economy with higher costs and high rents drove it file for bankruptcy protection.
Friendly Ice Cream Corp. announced that it has held $70 million in financing and that its 424 remaining restaurants will stay open as it restructures under bankruptcy protection.
It says the store closings and its reorganization efforts will better position it for the future.
Sun Capital Partners, its current owners will be the lead, or “stalking horse” bidders, in an auction process.
Friendlys is a 76-year-old company known for its ice cream and hamburgers.
Duration : 0:0:56
Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions
Sep 15, 2008.
The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape.
The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up U.S. financial markets already reeling from woes at other major financial firms and mortgage financing titans Fannie Mae and Freddie Mac.
“This crisis is clearly deeper than anybody had imagined only a short time ago,” Peter Stein, an associate editor at The Wall Street Journal in Asia, told CNN.
Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate — the value of its shares declined 94 percent this year.
The fall of Lehman followed a wild, three-day scramble by top Wall Street executives and federal regulators, who worked around the clock to come up with a solution to a still-unfolding financial crisis.
By the end of the weekend, the Federal Reserve had stepped in to try to calm the markets by announcing plans to loosen its lending restrictions on the banking industry.
A consortium of 10 leading domestic and foreign banks agreed to create a $70 billion fund for loans to troubled financial firms.
Source:
http://edition.cnn.com/2008/US/09/15/banks.bigchanges/index.html
Duration : 0:2:20
