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This is not a hyperbole. literally, i want our kids to read and my grandkids to read they're my age, this is the beginning of a new chapter in american history. >> kids, you might want to skip that chapter. it's called chapter 11. they were given millions in stimulus dollars and now it's bankrupt. the company's ceo citing insufficient customer demand. stuart varney is here. stuart, this sounds like solyndra. >> it's another major embarrassment for the president's green energy policy. solyndra, beacon power and now this company. by the way, vice president biden in that same speech went on later...

A new york court claiming labor costs and fuel costs are causing the problem. ceo tom horton said, "it became increasingly clear that the cost gap between us and our competitors was untenable." we've heard this story before. eight years ago, union employees took a 33% pay cut. united went after health care, sick leave and vacation. to this day, none of that was ever restored. in 2002, united and us airways went down this road. now it's americanairlines' turn to screw workers. that's exactly what it is. the airline has $24 billion in assets. $29 billion in liabilities. and over $4 billion in ca...

Costs and fuel costs are causing the problem. ceo tom horton said, "it became increasingly clear that the cost gap between us and our competitors was untenable." we've heard this story before. eight years ago, union employees took a 33% pay cut. united went after health care, sick leave and vacation. to this day, none of that was ever restored. in 2002, united and us airways went down this road. now it's americanairlines' turn to screw workers. that's exactly what it is. the airline has $24 billion in assets. $29 billion in liabilities. and over $4 billion in cash. but it's the workers' fault....

clinton will meet myanmar's president along with the pro-democracy party leader. these are live pictures from occupy wall street in los angeles. riot police are blocking off streets around the movement's camping ground. protesters were ordered to evacuate city hall grounds by midnight on monday but have refused to leave. of course, we'll bring you more on the standoff as it develops. the former leader of ivory coast is now in custody in the netherlands for an appearance before the international criminal court in the hague. gbagbo was arrested in april by forces loyal to the curre...