bankruptcy http://wwno.org en Piccadilly files for Chapter 11 bankruptcy http://wwno.org/post/piccadilly-files-chapter-11-bankruptcy <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px; ">Piccadilly Restaurants, a Baton Rouge-based cafeteria chain, has filed Chapter 11 bankruptcy.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px; ">Thomas Sandeman, the company's CEO, told The Advocate the filing, which was made Tuesday in U.S. Bankruptcy Court in Lafayette, will protect the value of Piccadilly, along with its employees and restaurants.</p> Thu, 13 Sep 2012 20:00:20 +0000 The Associated Press 19965 at http://wwno.org In Bankruptcy, American Airlines Looks At All Options http://wwno.org/post/bankruptcy-american-airlines-looks-all-options Imagine going into bankruptcy with billions of dollars in cash still in your bank account. That's what American Airlines did last November. The thinking was that management would gut the company's pensions and union contracts and emerge from bankruptcy ready to compete.<p>But then US Airways said it could take over American and be profitable, and it wouldn't have to hurt American's employees nearly as bad in the process. American's pilots, mechanics and flight attendants loved that idea.<p>James Little is the president of the Transport Workers International Union of America. Mon, 16 Jul 2012 07:29:00 +0000 Wade Goodwyn 15815 at http://wwno.org