Bad Sign

When the big papers start to tumble, it's not good.

Tribune (Chicago Tribune, L.A. Times, et al.) Prepares for Bankruptcy Filing

Tribune Co. is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry. As Tribune continues discussions with its lenders to rework its [...]

Saying It All

Sometimes, all it takes is one succinct headline to say it all:

Southwest Airlines posts 1st loss in 17 years

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

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 [...]