International Business News - Worldwide http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Freight logistics company UTi Worldwide Inc. said on Thursday its third-quarter profit rose 8.6 percent as cost-cutting offset declining freight forwarding volumes. http://www.ibtimes.com/articles/20081204/uti-worldwide-3q-profit-rose-8-5-percent.htm Thu, 04 Dec 2008 17:32:55 EST The chief executive of the country's largest trucking company by revenue said Thursday he expects a proposed union wage reduction and other planned cost savings to be "more than enough to ride out the economic downturn." http://www.ibtimes.com/articles/20081204/ceo-says-pay-and-cost-cuts-will-keep-yrc-going.htm Thu, 04 Dec 2008 18:15:56 EST Teamsters leaders voted Wednesday for union workers at trucking company YRC Worldwide Inc. to take an immediate 10 percent pay cut to hold up the company's dwindling finances. http://www.ibtimes.com/articles/20081203/yrc-union-reach-tentative-deal-for-wage-cut.htm Wed, 03 Dec 2008 19:36:57 EST Shares of trucking company YRC Worldwide Inc. soared Tuesday after the company said it would pay off some of its debt through a tender offer and an analyst upgraded the stock. http://www.ibtimes.com/articles/20081125/yrc-worldwide-leaps-on-debt-payment-plan-upgrade.htm Tue, 25 Nov 2008 11:34:37 EST Monster Worldwide Inc. said Monday that it will become the official career services sponsor of the National Football League as part of a new marketing and sponsorship agreement. http://www.ibtimes.com/articles/20081124/monster-to-become-nfls-career-services-sponsor.htm Mon, 24 Nov 2008 09:07:34 EST Wyndham Worldwide Corp., which operates hotels and vacation rentals, said Monday it appointed Eric A. Danziger as president and chief executive of the company's franchise group Wyndham Hotel Group. http://www.ibtimes.com/articles/20081117/wyndham-worldwide-appoints-ceo-of-franchise-group.htm Mon, 17 Nov 2008 09:59:25 EST Moody's Investors Service lowered its ratings for trucking company YRC Worldwide Inc. on Wednesday, citing structural weaknesses in the Overland Park, Kan., company. http://www.ibtimes.com/articles/20081112/moodys-downgrades-yrc-worldwide-ratings.htm Wed, 12 Nov 2008 13:18:19 EST Wyndham Worldwide Corp., which operates hotels and vacation rentals, said Monday it has closed on a new $943 million conduit facility backed by its timeshare receivables. http://www.ibtimes.com/articles/20081110/wyndham-worldwide-closes-on-943m-debt-facility.htm Mon, 10 Nov 2008 15:59:05 EST A Sterne, Agee & Leach analyst on Monday downgraded shares of Wolverine World Wide Inc. to "Hold" from "Buy," saying that strong operational results would not be enough to offset market weakness and detrimental foreign exchange rates. http://www.ibtimes.com/articles/20081103/sterne-agee-downgrades-wolverine-worldwide-shares.htm Mon, 03 Nov 2008 19:28:35 EST Shares of Penson Worldwide Inc. plunged more than 39 percent Friday after the company said it has $25 million in exposure to Evergreen Capital Partners Inc., which has ceased operations. http://www.ibtimes.com/articles/20081031/penson-worldwide-facing-up-to-25-million-loss.htm Fri, 31 Oct 2008 11:04:22 EDT An analyst downgraded Monster Worldwide Inc. Friday after the job Web site operator reported essentially flat third-quarter revenue amid a tough economy. http://www.ibtimes.com/articles/20081031/ahead-of-the-bell-monster-worldwide-downgraded.htm Fri, 31 Oct 2008 08:38:10 EDT Monster Worldwide Inc. said Thursday its third-quarter profit rose 28 percent as expenses fell and currency fluctuations boosted the staffing company's bottom line. http://www.ibtimes.com/articles/20081030/monster-worldwides-3rd-qtr-net-climbs-28-percent.htm Thu, 30 Oct 2008 17:36:35 EDT YRC Worldwide says it will cut 6 percent of its work force in a cost-reduction move. It's part of an accelerated plan to integrate the company's Roadway and Yellow Transportation units. http://www.ibtimes.com/articles/20081029/yrc-worldwide-to-cut-15-percent-of-work-force.htm Wed, 29 Oct 2008 16:56:33 EDT Euronet Worldwide Inc., an electronic payments provider, said Wednesday its third-quarter profit fell 64 percent due to losses tied to foreign exchange. http://www.ibtimes.com/articles/20081029/euronet-worldwide-3q-profit-drops-64-percent.htm Wed, 29 Oct 2008 08:12:38 EDT A Credit Suisse analyst on Monday slashed his fourth quarter and 2009 earnings forecast for trucking company YRC Worldwide Inc., citing the expected impacts of its consolidation plans and a further slowing of freight demand. http://www.ibtimes.com/articles/20081027/analyst-slashes-earnings-forecast-on-yrc-worldwide.htm Mon, 27 Oct 2008 15:54:16 EDT Among the earnings projection stories for Friday, Oct. 24, from AP Financial News: NEW YORK (AP)--The nation's largest trucking company, YRC Worldwide Inc., said Friday it is taking steps to pay down debt and preserve liquidity as pricing competition is increasing and demand is slowing in the fourth quarter. http://www.ibtimes.com/articles/20081024/outlook-roundup-yrc-worldwide-fortune-brands.htm Fri, 24 Oct 2008 18:32:44 EDT The nation's largest trucking company said Friday it is taking steps to pay down debt and preserve liquidity as pricing competition is increasing and demand is slowing in the fourth quarter. http://www.ibtimes.com/articles/20081024/yrc-worldwide-to-pay-off-debt-preserve-liquidity.htm Fri, 24 Oct 2008 17:07:25 EDT Investors will be focused on shares of YRC Worldwide Inc. on Friday, a day after the less-than-truckload carrier reported a drop in third-quarter profit and forecast weakening economic conditions in the final quarter of this year. http://www.ibtimes.com/articles/20081024/ahead-of-the-bell-yrc-worldwide.htm Fri, 24 Oct 2008 09:11:30 EDT YRC Worldwide Inc., one of the nation's largest trucking companies, on Thursday reported narrower third-quarter profits as the economic slowdown diminished the number of shipments. http://www.ibtimes.com/articles/20081023/yrc-worldwide-reports-3q-loss.htm Thu, 23 Oct 2008 17:46:02 EDT YRC Worldwide Inc., one of the nation's largest trucking companies, said Friday it issued 1.7 million shares of its common stock in exchange for about $13.2 million in convertible senior notes due 2023. http://www.ibtimes.com/articles/20081017/yrc-issues-1-7-million-shares-to-pay-down-debt.htm Fri, 17 Oct 2008 10:02:46 EDT