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Submission Summary: 0 pending, 1 declined, 0 accepted (1 total, 0.00% accepted)

Google

Submission + - GOOGLE mix-up caused $1B run on UNITED AIRLINES

shipofgold writes: The US Securities and Exchange Commission has opened a "preliminary inquiry" into how an outdated bankruptcy story sparked a $1 billion run on an airline's stock value. The article about how United Airlines filed for bankruptcy in 2002 was revived when it showed up on a newspaper site's "most viewed" section on Monday. From there it was picked up by Google News and later seen by alarmed stockholders. The stock plunged from around $12 to just $3 a share before trading was halted.

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