YRC Worldwide (Nasdaq: YRCW) shares have roughly doubled to $1.77 on 3 nowadays their average volume shortly after 11:15 a.m. Eastern, after a tentative deal with the Teamsters may turn its costs, and the company’s likelihood of bankruptcy. The deal modifies cost of the current labor agreement for its employees covered by the National Master Freight Agreement, helping the company cut costs and preserve capital. — Mike Tarsala
Thursday, July 9, 2009
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