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Bankruptcy

(credit: CBS 11 News)

Exide Files For Chapter 11 Bankruptcy Protection

Battery-maker Exide Technologies, who has pledged to clean up a former battery recycling plant in Frisco, is seeking Chapter 11 bankruptcy protection.

06/10/2013

American Airlines unveils a new company logo and exterior paint scheme on a Boeing 737-800 aircraft on January 17, 2013 in Dallas, Texas. (credit: Tom Pennington/Getty Images)

Teamsters Seek Toehold At American Airlines

The Teamsters union is trying to replace the union that represents mechanics at American Airlines.

05/28/2013

American Airlines unveils a new company logo and exterior paint scheme on a Boeing 737-800 aircraft on January 17, 2013 in Dallas, Texas. (credit: Tom Pennington/Getty Images)

New American Airlines Leaders Named Soon

American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.

05/07/2013

Doug Parker (L), Chairman and CEO of US Airways, and Thomas Horton, Chairman, President and Chief Executive Officer of American Airlines speak during a news conference to announce the merger of the two airlines February 14, 2013 in Dallas Texas.  (Photo by Donna McWilliam/Getty Images

Airline Merger Could Divide Labor Union Ranks

The president of the AFL-CIO is concerned that the merger of American Airlines and US Airways will trigger a costly fight between two unions over ground workers.

04/30/2013

Hostess Twinkies. (credit: Justin Sullivan/Getty Images)

Snack Cake Utopia Returning – Twinkies Coming In July

Twinkies will be winging their way back to a store near you, likely in July. Hostess Brands, LLC has announced plans to re-launch its bakery in Columbus and plans to add about 300 jobs in the area over the next several years.

04/26/2013

(credit: KTVT/KTXA)

American Airlines Recovers After System Glitch

American Airlines was back up and running on Wednesday morning after a computer glitch forced the carrier to cancel nearly 1,000 flights on Tuesday.

04/17/2013

Steel towers carry power transmission lines. (credit: Tim Boyle/Getty Images)

North Texas Power Company Considers Bankruptcy

A Dallas-based power company says it is considering filing for Chapter 11 bankruptcy to restructure $32 billion in debt.

04/16/2013

Tom Horton, President of American Airlines, addresses the media during a press conference. (credit: ODD ANDERSEN/AFP/Getty Images)

Judge Denies AMR CEO’s Severance Deal

A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company’s merger with US Airways.

04/12/2013

(credit: CBS 11 News)

I-Team: Past Bankruptcy & Citations For Crashed Bus Owner

The CBS 11 I-Team has been digging into the history of Cardinal Coach Line, Inc., its owners and safety regulations.

CBS 11–04/11/2013

American Airlines unveils a new company logo and exterior paint scheme on a Boeing 737-800 aircraft on January 17, 2013 in Dallas, Texas. (credit: Tom Pennington/Getty Images)

AMR Loss Narrows In February

The parent company of American Airlines lost $192 million in February despite slashing labor costs by 20 percent. The loss was much narrower than in February 2012.

03/29/2013

(credit: Stephanie Lucero/KTVT/KTXA)

Judge To Consider American Airlines Merger

American Airlines and US Airways are expected to move one step closer toward a merger on Wednesday, as a bankruptcy judge is set to consider approving the agreement.

03/27/2013

American Airlines unveils a new company logo and exterior paint scheme on a Boeing 737-800 aircraft on January 17, 2013 in Dallas, Texas. (credit: Tom Pennington/Getty Images)

U.S. Official Opposes Payment To AMR CEO

A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier’s proposed merger with US Airways.

03/19/2013

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