Under the terms of the swap, YRC said it will issue to tendering noteholders approximately 37 million shares of common stock and 4.346 million shares of Class A convertible preferred stock which, together on an as-if converted basis, will …
Shares of YRC Worldwide Inc. (NASDAQ: YRCW) fell as much as 17.6% on Friday after the shipping company reported first-quarter earnings. At 11:20 a.m. EDT, the stock was still down 15.6% for the day. Operating revenue was up 4.5% …
A deal with Wall Street bondholders to exchange corporate debt for stock kept the firm alive. Earlier this month, a Southern California Teamsters executive said the union has already given YRC Worldwide some $3 billion in deferred wage and …
YRC Worldwide made the list of worst performing stocks for a second year in a row, as the trucking company has yet to bounce back from the recession. The stock fell below $1 in May, and traded as low as 3 cents a share later in the year. …
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YRCW at https://www.zacks.com/ap/YRCW
Effective income tax rate for continuing operations is expected to be approximately 3% We maintain our Neutral recommendation on YRC Worldwide. Currently, it carries a Zacks #3 Rank (Hold) stock.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YRCW at http://www.zacks.com/ap/YRCW