Tuesday, November 29, 2011

@AllAmerInvest Bankruptcy, Crushing Economic Outlook, Bonus Bucks, Goldman Answers, Italy Pays, MF Global Money Found

American Airlines parent files for Bankruptcy protection

American Airlines' parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.
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States Face Crushing Economic Outlook
Things have improved since the worst of the recession, but states still face a dire fiscal situation, according to a report to be released Tuesday by the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO).

Goldman Answers Two Big Questions On The Payroll Tax Cut Extension
One of the biggest questions facing the economy in 2012 is the fate of the payroll tax cut and whether it will be extended into next year.

CNBC Portfolio Challenge Bonus Bucks Answers for Tuesday, November 29

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Italy Pays Record Yields at Bond Auction
The auction of up to €8 billion in bonds over a range of maturities saw Italy paying a yield of 7.89% on three-year bonds and 7.56% on 10-year paper. Both marked new euro-era highs.

Money Found in Britain May Belong to MF Global
About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The discovery could be the most significant breakthrough in a monthlong hunt for the missing funds.

Original content Bob DeMarco, All American Investor