An agreement with bondholders required Canadian Pacific Kansas City to redeem bonds — issued to support the merger that created the railroad — if the deal did not become "effective" by a certain date. Federal litigation will determine which of two dates contemplated by regulators constitutes an "effective" date for the combination.
The NFL distributed its annual shares for the league's national TV revenue, most of which comes from its broadcast contracts. The deals to air games will find another gear for the 2023 season, which gives the Chiefs something to look forward to after their Super Bowl LVIII victory.
The $1.5 billion-asset foundation's grant will help North Kansas City Hospital provide telehealth services in three key areas for Northwest Missouri's Harrison County Community Hospital.
With $1.3 billion in debt maturing next year — and the cascading business and union challenges it has created — Yellow Corp. says it is in talks with "multiple interested parties" to offload its third-party logistics unit.
Apparently, customers weren't motivated one way or the other by AMC's plan to charge more for the better seats and less for the less-better spots. So the theater chain is stopping the program.
MMC Corp's yearlong succession will bring two transitions: One will involve the C-suite, and the other will focus on having its three business units move from independent companies and brands to being part of an integrated whole.