Carrier came close to filing American just missed declaring bankruptcy
Twice, American Airlines was only minutes away from filing for Chapter 11 bankruptcy protection in New York. Documents were drawn, $1.5 billion in debtor-in-possession financing was in place, and Chief Financial Officer Jeff Campbell was ready to file papers. By INA PAIVA CORDLE / icordle@herald.com
Dow ends down 154, Nasdaq falls 28
Capping a dreary first quarter, Wall Street suffered another sharp drop Monday amid fears of prolonged fighting in Iraq and a disappointing report on manufacturing in the Midwest. The Dow Jones industrials slid more than 150 points in the market's fourth straight declining session. By AMY BALDWIN / Associated Press
Action Line
Q. When I took my two cellphones to a Miami-Dade Police station to donate (Action Line, March 25) an officer told me the only phones they could use were digital and Nokia.
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