American Airlines planning to lay off pilots; Continental price target lowered
North and South American carriers stocks fell with the wider market on Friday (22-Jan-2010), which suffered its worst week since Feb-2009. Stocks fell on President Obama’s proposal for stronger limits on banking risks, in a week when stocks were already weak due to poor sentiment from 4Q2009 financial results and news Chinese regulators have ordered some of the country’s banks to temporarily stop lending.
