Archive for November, 2011
American Airlines Parent AMR Seeks Bankruptcy Protection
New York, November 30 (ShareMarketsNews.com) – AMR Corporation, the parent company of American Airlines, announced on Tuesday that it is filing for bankruptcy protection so that it can reduce debt, shed labor costs and return to profitability. AMR has thus chosen to follow its main rivals Delta Air Lines and United Airlines that have already [...]
Bank of America Stock at Lowest Level since March 2009
New York, November 30 (ShareMarketsNews.com) – Bank of America (NYSE: BAC) stock almost touched the psychologically important $5 level when on Tuesday it dipped to $5.03 during New York trading, which was its lowest point since the recession low that hit Wall Street in March 2009. It closed at $5.08, down 17 cents or 3 [...]
Steuben Glass Factory in New York Closes Down
New York, November 30 (ShareMarketsNews.com) – After 108 years of producing handcrafted crystal, Steuben Glass factory in New York has called it a day. The lone factory of Steuben Glass Company which was an icon of American craftsmanship of crystal for more than a century was shut down Tuesday. Most of the Corning, Western New [...]
Consumer Confidence Lifts US Blue Chip Stocks
New York, November 30 (ShareMarketsNews.com) – Tuesday witnessed the second day when U.S. blue chip stocks gained due to heightened consumer confidence that lifted investor sentiment. After a report from the Conference Board, a private research group, showed that consumer confidence jumped to 56.0 in November, its highest level since July, from a revised 40.9 [...]
SolarCity Gets $1 Billion Loan for Solar Rooftop Project from BofA
New York, November 30 (ShareMarketsNews.com) – SolarCity Corp. has received $1 billion financing from Bank of America Corp (NYSE: BAC) for a solar rooftop project for military housing. The company had earlier not been able to get a U.S. loan guarantee when Solyndra LLC faced bankruptcy. Foster City, California-based SolarCity said that the company will [...]
Empire State Building Might Go Public
New York, November 30 (ShareMarketsNews.com) – If you have the money, you can own a piece of New York City’s most famous landmark, the Empire State Building as the owners of the 80-year old skyscraper are planning to list it on the stock market along with other properties. Very soon, the legendary building could become [...]
Metro Detroit Home Prices Go up by 3.7%
New York, November 30 (ShareMarketsNews.com) – According to data released Tuesday, Metro Detroit home prices went up by 3.7% in September compared with a year ago, due to a summer of short supply. However, the prices are still well below normal. In the case of the nation’s top 20 largest cities, however, there has been [...]
