At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.
American Airlines seeks Chapter 11 protection
The parent company of American Airlines, AMR (NYS: AMR) , filed for bankruptcy after failing to reach labor agreements with pilots, which would have helped the airline cut costs. The Texas-based company listed $24.72 billion in assets and $29.55 billion in liabilities in its Chapter 11 filings. Read the full story at Reuters.
GM offers loaners to ease safety concerns
Detroit automaker General Motors (NYS: GM) made a PR push letting drivers know that its battery-powered Chevrolet Volt is safe. The company is offering loaner vehicles to concerned Volt owners after a series of fires occurred in its lithium-ion batteries during crash tests.
Battery safety issues could hurt other EV carmakers. However, Nissan Motor (OTC: NSANY) and Tesla Motors (NAS: TSLA) electric vehicles have not reported any fires, despite their models also running on lithium-ion batteries. Read the full story at Bloomberg.
iPad threatened by sales of cheaper tablets
iPad maker Apple (NAS: AAPL) could lose its firm grip on the tablet market as cheaper devices operating on Google's (NAS: GOOG) Android system gain popularity. Sales of Amazon.com's (NAS: AMZN) Kindle devices were at an all-time high after the Thanksgiving weekend. Read the full story at Bloomberg.
That's a wrap
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At the time thisarticle was published Fool contributor Tamara Rutter owns shares of Apple. Connect with her on Twitter, where she goes by the handle @TamaraRutter. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Apple, General Motors, Google, Tesla Motors, and Amazon.com, as well as creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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