Sabtu, 19 Desember 2009

Teamsters plead YRC’s case to reticent bondholders

YRC Worldwide Inc.’s union, whose members have forfeited about $2 billion in compensation to help keep the company afloat, is trying to persuade reticent bondholders to agree to a debt-for-equity swap that’s key in helping YRC avoid bankruptcy.The head of the International Brotherhood of Teamsters, which has about 40,000 workers employed by YRC, on Wednesday sent a letter to the CEO of financial

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