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Boston hedge fund builds up a 25% stake in Yellow in past three weeks

July 31, 2023 by James Dornbrook

A Boston-based hedge fund called MFN Partners LP placed a major bet on Yellow Corp.'s stock and now owns a 25% stake in the company, according to the Securities and Exchange Commission. Yellow is expected to file for bankruptcy soon.

Filed Under: Uncategorized

Yellow is starting mass layoffs and preparing to file bankruptcy soon, employees say

July 28, 2023 by James Dornbrook

Based on provided tips and posts to Reddit, it appears that Yellow is laying off the bulk of its non-union employees and preparing for an imminent bankruptcy filing. Company officials have not responded to requests for comment.

Filed Under: Uncategorized

High-profile bank failures, ensuing panic continue to buffet UMB and Commerce stocks

July 28, 2023 by James Dornbrook

The numbers at UMB Bank and Commerce Bank have improved since the start of the year, but their stock prices continue to be punished by investors wary of potential risks in the overall banking sector. The twin failures of Silicon Valley Bank and Signature Bank triggered the panic.

Filed Under: Uncategorized

Former Butler National executives resign from board as part of separation agreement

July 26, 2023 by James Dornbrook

Former Butler National CEO Clark Stewart, who quit in May, and his son Craig Stewart, who was terminated in January as the company's president of aerospace, both agreed to resign from the company's board.

Filed Under: Uncategorized

Federal lawsuit claims AMC illegally shared customers’ information with Facebook

July 26, 2023 by James Dornbrook

The plaintiffs claim that the Leawood theater operator illegally shared personally identifiable information with Facebook each time they bought a ticket on AMC's website.

Filed Under: Uncategorized

Airshare signs contract with Bombardier to buy as many as 20 new midsize jets

July 26, 2023 by James Dornbrook

Although the Overland Park-based company will start with four new aircraft — at $27 million apiece — its contract allows for acquiring 16 additional next-generation Challenger business jets in the next few years. That would take the contract's total value to $540 million.

Filed Under: Uncategorized

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