Amr: American Airlines files for bankruptcy

AMR Corp., down $1.36 at 26 cents The parent company of American Airlines filed for bankruptcy protection, seeking relief from debt due to high fuel prices and expensive labor contracts Transocean Ltd., down $4.31 at $41.63 The offshore drillingAMR's Board of Directors determined that a Chapter 11 reorganization is in the best interest of the Company and its stakeholders. Just as with the Company's major airline competitors in recent years, the Chapter 11 processAMR Corp. ($0.27,

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