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Old news report jolts United Airlines’ stock

9 September 2008

United Airlines’ stock fell more than 75 percent Monday morning after a link to a nearly six-year-old Chicago Tribune news report was circulated through Bloomberg News Service.

United stock, which had closed Friday at $12.30 a share, hit a low of $3 a share before the confusion was cleared up. The stock closed Monday at $10.92.

In a statement Monday morning, United said it is launching an investigation. United exited bankruptcy in February 2006.

source: Sun Sentinel

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