Old Report Causes United Stocks To Drop

United Airlines A six-year-old Chicago Tribune report about United Airlines entering bankruptcy resurfaced on the Bloomberg News wire early Monday morning, causing the company's stock to drop to $1.38, before trading was suspending at 11:08 AM, from Friday's close of $12.30.

Supposedly, someone at the Miami-based investment firm Income Securities Advisor posted the incorrectly dated report to Bloomberg. That person was using Google to search for information about bankruptcies when the Sun-Sentinel's republishing of the Tribune report turned up in the first result and that person thought it was current.

As of this writing, the stock has recovered to close at $10.92 per share.