American Airlines files for bankruptcy protection - Yahoo! Finance: "DALLAS (AP) -- American Airlines and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will be no impact on travelers for now.
The nation's third-largest airline also said Tuesday that CEO Gerard Arpey stepped down and was replaced by company president Thomas W. Horton.
AMR Corp. has continued to lose money while other U.S. airlines returned to profitability in the last two years."
Americans in November more confident about economy - Yahoo! Finance: "NEW YORK (AP) -- Americans' confidence in the economy in November bounced back to its highest level since July, the latest sign that consumers are beginning to feel more cheerful about spending during the holiday shopping season.
The Conference Board, a private research firm, says Tuesday that its Consumer Confidence Index rose 15 points to 56.0. That's up from a revised 40.9 in October — the lowest level since the recession — and the biggest jump since the 59.2 reading in July. The November number is encouraging, but far below the reading of 90, which indicates an economy on solid footing."
The Conference Board, a private research firm, says Tuesday that its Consumer Confidence Index rose 15 points to 56.0. That's up from a revised 40.9 in October — the lowest level since the recession — and the biggest jump since the 59.2 reading in July. The November number is encouraging, but far below the reading of 90, which indicates an economy on solid footing."
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