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Canadian Pacific Kansas City faces lawsuit over $1B bond payment tied to merger

August 4, 2023 by Russell Gray

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.

Filed Under: Uncategorized

See how much the Kansas City Chiefs received from the NFL’s national TV revenue sharing

July 28, 2023 by Russell Gray

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.

Filed Under: Uncategorized

Patterson Family Foundation donates $769,000 to NKC Hospital’s rural telehealth effort

July 28, 2023 by Russell Gray

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.

Filed Under: Uncategorized

Yellow Corp. may ship out its logistics division amid growing troubles, looming bankruptcy

July 28, 2023 by Russell Gray

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.

Filed Under: Uncategorized

AMC Theatres will stop charging more for the better seats

July 21, 2023 by Russell Gray

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.

Filed Under: Uncategorized

MMC Corp announces new CEO as it starts effort to build ‘one-company mindset’

July 21, 2023 by Russell Gray

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.

Filed Under: Uncategorized

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