September 9th, 2008 @ 9:41 am
Whatever News I Feel Like
UAL: United Airlines’ Stock Temporarily Wiped Out By Old Bankruptcy Story
Earlier today, there was a run on shares of United Airlines’ parent company, UAL, following news that the company was filing for bankruptcy. Unfortunately, that news was six years old. Somehow it was republished over the weekend by a Tribune news company without the original dateline, and by the time trading was halted at 12:30pm today, the stock had dropped from $12.30 to $3.
Apparently you can just post whatever you want from whenever and pretend its new news. It really sucks, especially for whoever made the mistakes that lead to the story being republished. On the same level, I hope they (the paper) get their pants sued off.
