American Airlines parent AMR Corp.'s announcement that it plans to divest subsidiary American Eagle was not enough to reassure shareholder FL Group, which said Friday that it lowered its stake in AMR to 1.1% from 9.1%. The Reykjavik-based investor, which had been one of the airline's largest single shareholders, in September wrote a strongly worded letter to AMR's board urging immediate action to halt the rapid descent of the company's stock price, recommending it spin off its AAdvantage ...

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