Sometimes, all it takes is one succinct headline to say it all:
Southwest Airlines Co. lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter.Southwest said Thursday it lost $120 million in the three months ended Sept. 30 even as [...]
Another example:
Sign Of The Times From the WSJ: "Credit has gotten so tight in recent weeks that companies contemplating a bankruptcy filing can't find the cash needed to get through the process. This multibillion-dollar corner of the lending market -- debtor-in-possession [...]
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