The parent company of one of the nation's largest airlines filed for Chapter 11 bankruptcy protection Tuesday morning. AMR Corporation, which runs American Airlines and American Eagle, said that bankruptcy is in the best interest of the companies and its stakeholders. The companies say the Chapter 11 process will enable them to continue conducting normal business operations while they restructure their debts.
A second day of voting is underway in Egypt's parliamentary elections, with turnout being described as "massive and unexpected" and things moving along peacefully, The Associated Press and NPR's Lourdes Garcia-Navarro report from Cairo.
Joe Kapp and Angelo Mosca are former Canadian Football League stars from the 1960s. Last week, the septuagenarians were honored at a lunch. Kapp offered a flower as a peace gesture. But Mosca rejected it and lashed out with his cane. Kapp advanced with his fists, and the ensuing fight was caught on videotape.
The short animated film Hungry Hobos created by a young Walt Disney starred a rabbit. It was one of about 26 cartoons featuring Oswald the rabbit. Hungry Hobos screened in 1928 but sat on the shelf for decades. It will be sold at auction.
A federal judge has nixed a $285 million settlement between Citigroup and the Securities and Exchange Commission. He said the deal was "neither fair, nor adequate nor in the public interest." The settlement dealt with Citigroup's handling of subprime mortgage debt prior to the financial crisis.
The housing crisis has stalled home building but apartment construction is undergoing a bit of a renaissance. There's now a huge pool of people forced to rent because they can't afford to buy a home, or they were a victim of foreclosure. In Denver, there aren't enough apartment vacancies.
The long running NBC comedy series The Office is about a group of workers employed by fictitious paper company Dunder Mifflin. The Wall Street Journal reports that an office supply website called Quill.com has struck a licensing agreement with NBC to sell copy paper using the fictitious brand name.