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Yellow's Plan To Pay Debt Meets Doubt.

Authors :
EAVIS, PETER
NGO, MADELEINE
Source :
New York Times. 8/12/2023, Vol. 172 Issue 59878, pB1-B3. 2p.
Publication Year :
2023

Abstract

The article raises the skepticism surrounding the plan of Yellow, a trucking company that filed for bankruptcy protection, to repay its U.S. government debt by selling warehouses, trucks and other assets. It attributes the bankruptcy of Yellow to the failure of its executives to integrate the businesses the company acquired. It reveals the U.S. Treasury's lack of objectives or finalized approval policies and procedures in place before awarding the loan to Yellow.

Subjects

Subjects :
*DEBT
*DEBT relief

Details

Language :
English
ISSN :
03624331
Volume :
172
Issue :
59878
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
169934451