- ‘Welcome to the edge of freedom’: Biden’s boots touch down in DMZ
- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
Economy Briefs: Backlog, delays after short EgyptAir strike
Since filing for bankruptcy protection in November, AMR management has favored remaining independent. But US Airways has pushed for a merger, so AMR agreed to work with its creditors to consider merger possibilities.
The creditors committee said in Friday’s filing that it “expects that this process will be completed during the current calendar year.” Once AMR and the creditors agree on a strategy for exiting bankruptcy protection, the committee “should be able” to support AMR’s filing of a reorganization plan.
Intel warns about losses due to PC sales weakness
SAN FRANCISCO — Intel’s sales are falling at a rate that blindsided the chip maker’s management, amplifying Wall Street’s worries about the slumping personal computer market and the frail economy.
The foreboding news came Friday in revisions to Intel Corp.’s financial guidance for its current quarter.
The world’s largest maker of computer chips now expects to post third-quarter revenue of $13.2 billion. That would represent a 7 percent decline from the same time last year when Intel’s revenue totaled $14.2 billion.
• From wire dispatches and staff reports
- Bill OReilly reminds: Nelson Mandela was a communist
- Obama administration issues permits for wind farms to kill more eagles
- Spike in battlefield deaths linked to restrictive rules of engagement
- Kill team: Obama war chiefs widen drone death zones
- Rush Limbaugh: Obama trying to make Mandela death about himself
- Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
- Activists urge Obama to go rogue, sidestep Congress
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Colorado judge: Bakery owner discriminated against gay couple
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
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