By Barry B. Burr
AMR Corp.’s filing for Chapter 11 bankruptcy protection leaves the future uncertain for American Airlines’ defined benefit pension plans, which have a combined $8.3 billion in assets.
AMR’s Tuesday filing in U.S. Bankruptcy Court in New York provides no information about whether the Fort Worth, Texas-based parent of American Airlines will seek to terminate the pension plans and turn them over to the PBGC.
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Amid ongoing controversy over NSA warrantless spying programs, another legal battle exposes the Obama administration’s willingnes…
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Tonight for dinner I had the first fruits from my garden – Golden Scallopini Squash. It was simply incredible thanks to seeds f…
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Swiss private bank Wegelin announced on Tuesday that it is to stop doing business in the United States.
The St Gallen-based bank, Switzerland’s oldest, said the decision had been taken in response to…