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AMR's board may need to weigh a bankruptcy filing after stepped-up talks with pilots have failed...
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Wednesday, November 16, 2011, 8:44 AM ETAMR's board may need to weigh a bankruptcy filing after stepped-up talks with pilots have failed to produce an agreement on a new labor contract. Directors should consider alternatives now rather than watch cash reserves keep dwindling without an agreement, Sterne Agee's Jeff Kauffman says. AMR sank 10% yesterday to $1.92, its lowest close since March 2003; shares -2% premarket.
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