RSS Feed
New York - Erroneous Headline On Bloomberg TV Sends United Airlines Shares Crashing To 1 Cent |
Sponsored By:
|
Text Size
|
United spokeswoman Robin Urbanski immediately denied the rumor flatly.
UAL shares dropped to 1 cent from $12.45 when the rumor first surfaced. The shares dropped suddenly just before 11 a.m., but shares recovered to nearly $9 within the hour.
Bloomberg News reported that the shares fell after a 2002 Chicago Tribune news report on the carrier’s bankruptcy filing was incorrectly republished on the Bloomberg financial news system by Income Securities Advisors Inc. Income Securities Advisors retracted the report and published a correction.
The Nasdaq stock market halted trading Monday morning until United could address the rumors.
This embarrassment is the the second time in a few weeks when Bloomebrg Television reported that Apple CEO Steve Jobs Died.
Total20
Read Comments (20) — Post Yours »
1
Sep 08, 2008 at 12:48 PM McCain-Palin 08 Says:
omg
2
Sep 08, 2008 at 12:52 PM Use your head Says:
Would have been nice to get in with 100,000 shares at a penny each and then retire.
3
Sep 08, 2008 at 01:20 PM anonymous Says:
see what lashon hara does?
4
Sep 08, 2008 at 01:23 PM Anonymous Says:
someone is retiring somewhere of this baby
5
Sep 08, 2008 at 01:26 PM GHU Says:
100,000 shares would only be 1 million dollars..
BUT if someone invested $50,000...it would be $50 million!!!!!
6
Sep 08, 2008 at 02:01 PM Thecooljew Says:
I COULD HAVE STRUCK GOLD TODAY - Darn
7
Sep 08, 2008 at 02:03 PM Anon Says:
did anyone make big money on this?
8
Sep 08, 2008 at 02:32 PM Lock & Load Says:
Darn where was my Agent......
9
Sep 08, 2008 at 02:23 PM Daytrader Says:
only 1 share traded at .01. The actual low was $3...not that it makes that much of a difference...Go back to learning instead of playing the mkt...From a daytrader, I can assure you, it's more gratifying
10
Sep 08, 2008 at 02:57 PM Vote McCain - Palin In 08! Says:
I hope UAL sues the pants off Bloomberg!
11
Sep 08, 2008 at 03:32 PM Use your heart Says:
> Would have been nice to get in with 100,000 shares at a penny each and then retire.
Have you no mercy for the one who bought at 10 and lost his money at 1 cent, all because of a false rumour.
12
Sep 08, 2008 at 03:48 PM Anonymous Says:
Use you heart>
The one who bought at $10 didn't necessarily sell at $0.01. In fact, if anyone bought at $10 and sold for a penny, they deserved it. At that point you may as well just hold on to it... verdad?
13
Sep 08, 2008 at 03:53 PM anonymous Says:
Use your head
You must be old...
You could retire on a million dollars??
14
Sep 08, 2008 at 03:58 PM Use your head Says:
If you use your head, you can takeh retire on a million dollars. You just have to live frugally and invest wisely.
15
Sep 08, 2008 at 03:57 PM Use your head Says:
As they used to say in the alter heim (and please excuse my yiddish): "Better'n should crashen stocken market zen should to chas v'sholom crashen ah plane."
16
Sep 08, 2008 at 04:07 PM deepthinker Says:
Somebody made a fortune, quick.
I wonder how he did it.
17
Sep 08, 2008 at 05:08 PM anonymous Says:
Use your head...
If you still need to invest wisely... Then you have not retired ..
18
Sep 08, 2008 at 08:22 PM look Says:
a mililon bucs in the bank producing 5 % a year comes to a net salary of about $45,000.00 a year after taxes.
for me i could not only retire and go to collel i could probably marry off my kids as well. by saving over the years.
so if your budjet is $30,000.00 for the next 10 years you would accrue more from the accumulating intrest, mind you
19
Sep 08, 2008 at 11:06 PM anonymous Says:
Where do you live that costs 30k
Tuition in Brooklyn for my 6 kids is 30,000!!!
20
Sep 09, 2008 at 08:57 AM Yankel Says:
Tuition in Brooklyn for 6 kids is ONLY $30K, Send one kid to Yeshiva in NYC or NJ or Monsey and you start at $16k per child if you are lucky. If you don't have the money then send your child to another Yeshiva. Thats what the Yeshiva's tell you. In Monsey if you can't pay, then the girls end up in PUBLIC SCHOOL !! and thats a fact!