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Stock Market & Financial Investment News

News Breaks
January 9, 2014
07:22 EDTYRCWTeamsters group says YRC Worldwide contract extension may be defeated
Teamsters for a Democratic Union, a group independent of the International Brotherhood of Teamsters, said in an update to its website that no votes on the contract extension vote for the union workers at YRC Worldwide(YRCW) had been counted yet as of 6:30 pm last night. However, the early update on the voting added that "the ballots opened and stacked so far indicate that the proposed contract extension may well be going down to defeat." Shares of YRC Worldwide are down about 9% to $16.99 in early pre-market trading. Reference Link
News For YRCW From The Last 14 Days
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October 31, 2014
10:00 EDTYRCWOn The Fly: Analyst Upgrade Summary
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08:38 EDTYRCWYRC Worldwide upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded YRC Worldwide with a $24 price target saying it believes Q3 marked the start of an LTL turnaround.
October 30, 2014
16:35 EDTYRCWYRC Worldwide reports Q3 EPS (3c), consensus (5c)
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October 29, 2014
06:38 EDTYRCWYRC Worldwide volatility elevated into Q3 and outlook
YRC Worldwide November call option implied volatility is at 76, December is at 67, January is at 59; compares to its 26-week average of 53 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 30.
06:13 EDTYRCWOn The Fly: Morning Wrap-Up for October 29
Globex S&P futures are recently up 0.50 from previous day’s SPX cash close. Nikkei 225 up 1.46%, DAX up 0.80%. WTI Crude oil is recently at $81.92, natural gas down 0.52%, gold at $1228 an ounce, and copper down 0.03%.

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