New York – A false rumor that United Airlines had filed for bankruptcy briefly clobbered the shares of parent company UAL Corp. before trading was halted Monday morning.
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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.
omg
Would have been nice to get in with 100,000 shares at a penny each and then retire.
see what lashon hara does?
someone is retiring somewhere of this baby
100,000 shares would only be 1 million dollars..
BUT if someone invested $50,000…it would be $50 million!!!!!
I COULD HAVE STRUCK GOLD TODAY – Darn
did anyone make big money on this?
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
Darn where was my Agent……
I hope UAL sues the pants off Bloomberg!
> 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.
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?
Use your head
You must be old…
You could retire on a million dollars??
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.”
If you use your head, you can takeh retire on a million dollars. You just have to live frugally and invest wisely.
Somebody made a fortune, quick.
I wonder how he did it.
Use your head…
If you still need to invest wisely… Then you have not retired ..
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
Where do you live that costs 30k
Tuition in Brooklyn for my 6 kids is 30,000!!!
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!