United Airlines (UAL Corp.) shares were halted today (Sept. 8, 2008) following rumors that the airline holding company was filing for bankruptcy, a rumor UAL said was completely untrue. An old news item on United Airlines seeking bankruptcy inadvertently resurfaced on a Web site (reportedly an old story from the Chicago Tribune that resurfaced on the South Florida Sun-Sentinel website), triggering a sell-off, CNBC reported.
The power -- and perils -- of the Web
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This page contains a single entry by Alan Sawyer published on September 8, 2008 12:12 PM.
reportonbusiness.com: HMV sales slow over summer was the previous entry in this blog.
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