AMR Corp., the parent company of American Airlines, posted a net loss of $82 million for the month of August. The Fort Worth-based company, which filed for Chapter 11 bankruptcy last November, also saw a $535 million loss in short-term investments and unrestricted cash, according to BusinessWeek. A majority of the commercial airline company's losses [...]

Former New York Mets outfielder Lenny Dykstra has pleaded guilty in Los Angeles to three charges in his bankruptcy fraud case. Dykstra faces up to 20 years in prison for money laundering, concealment of assets, and bankruptcy fraud. The Sacramento Bee reports that prosecutors say Dykstra illegally destroyed, sold, or hid property worth more than [...]