Senin, 19 Maret 2012

YRC Back at Brink 2 Years After Goldman Spat

Two years after the Teamsters union faced off against Goldman Sachs Group Inc. to keep YRC Worldwide Inc. out of bankruptcy, the second-biggest U.S. trucker is back on the brink.

Credit-default swaps tied to the company, whose units include New Penn, Holland and Reddaway, imply an 87 percent chance of default, according to data provider CMA. Bonds from Overland Park, Kansas-based YRC, which

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