July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday.
The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders.
Click here to read more at The Journal of Commerce.
Teamsters nurses and their supporters marched from the Iowa capitol to Unity Point Health Iowa Methodist Medical Center to demand that their union election be certified.
The Teamster Independent Investigations Officer (IIO) has issued a report recommending charges against Joe Smith, the principal officer of Delaware Local 326, for illegally driving union-owned cars for more than a decade after getting convicted of a DUI and for lying under oath during the investigation.
