[funsec] Jumping to a confusion using Google

[Richard M. Smith]

http://www.ft.com/cms/s/0/b843a240-7ddd-11dd-bdbd-000077b07658.html

United shares plunge on old news story


By Justin Baer in New York

Published: September 8 2008 20:46 | Last updated: September 9 2008 01:59

United Airlines <http://markets.ft.com/tearsheets/performance.asp?s=us:UAUA>
plunged on Monday after a false report that the carrier had returned to
bankruptcy court surfaced on the internet.

A six-year-old Chicago Tribune story on United's 2002 bankruptcy filing,
spotted on a Google search on Monday morning by an investment newsletter,
triggered a massive sell-off of the carrier's shares until trading was
halted. The stock reached a low of $3, then rebounded once trading resumed
to close at $10.92. Shares had ended the day at $12.30 on Friday.

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