ats. After a review, the company's board decided that reorganization under Chapter 11 was its best option. With Pinnacle's filing, one-quarter of the regional airline industry market is in bankruptcy protection. American Eagle filed along with American Airlines under parent company AMR Corp. in November. Pinnacle said it will ask its pilots and other employees, both union and non-union, to help it cut costs. That almost certainly means that some of the company's 7,800 employees will lose their jobs. The airline is also examining its overall business structure and executive functions for possible ways to streamline its operation. Pinnacle's President and CEO Sean Menke also oversaw a Chapter 11 filing at Frontier Airlines. Pinnacle is losing its chief financial officer to Spirit Airlines Inc. this month. Pinnacle has received a commitment for $74.3 million in debtor-in-possession financing from Delta that will allow it to continue operating while it restructures. Shares plunged 54 percent to just 63 cents in early trading Monday. Pinnacle's filing marks the 43rd time an airline has sought bankruptcy protection since the Sept. 11 attacks, and the 191st time since the industry was deregulated in 1978,toms outlet. Several airlines have gone through the process more than once. Pinnacle filed its petition in U.S. Bankruptcy Court for the Southern District of New York. _____ AP Business Writer Bree Fowler in New York contributed to the report. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity,cheapest toms shoes. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By MEERA SELVA, Associated Press LONDON (AP) Coming for the Olympics with money to spend? Then there's still time to ensure you can take tea at The Ritz, drink at the Savoy's American bar, or sleep in an Art Deco room at Claridge's. Most of London's most exclusive hotels have been booked for the Olympics, snapped up by Olympic officials or companies block-booking rooms for favored customers, but there are still amazing places to stay. That is,toms outlet, if you can afford the bill. "You can still get some rooms in certain periods of the games, although we expect to be fully booked soon," said Simon Negger, spokesman for the Maybourne Hotel Group that owns three of London's most iconic hotels: Claridge's, The Connaught and The Berkeley. London's hotels are walking on their own balance beam this Olympic year, trying to maximize revenues during the July 27-Aug. 12 event while not alienating loyal customers and still fulfilling obligations to Olympic organizers, who asked all hotels to hand over some rooms to house Olympic officials, athletes and delegates during the London Games. Some have not increased rates beyond normal high summer season prices which in central London can often hit several hundred pounds (dollars) a night but have imposed mini Related articles:

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