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Shares of United Airlines Sink on Bogus Bankruptcy Rumors

Shares of United Airlines dropped as low as one cent today after rumors the airline had filed for bankruptcy took Wall Street by surprise.

As far as we can tell, there is absolutely no truth to these rumors. None.

Unfortunately, it does appear that a a 2002 Chicago Tribune story headlined "United Files For Bankruptcy," appeared on some Web sites beginning this weekend with a date of Sept. 6, 2008.

Shares as of this posting have bounced back up to 8.97.

Posted by Holly on September 8, 2008 11:00 AM |

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