Blog homeAccording to the BBC [See article], shares in United Airlines (UAL) have plummeted after a news story about filing for bankruptcy protection surfaced on the web.
The airline’s shares sank 75% to lows of $3 within minutes of news service Bloomberg publishing a report.
Nasdaq stock exchange halted trading in its shares.
Only after almost $1bn was wiped off the firm’s market value did investors begin to suspect there was a problem.
Ooops.
It now appears it was an old report from 2002 that somehow had found its way into current headlines causing today’s chaos and share slump.
At least the US stock market is still trading….. which is more than can be said of the UK system.
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Not sure this is what we all expected when people predicted that Google should shake up the airline industry
http://online.wsj.com/article/SB122100794359017593.html?mod=rss_whats_news_us