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Reports on consumer confidence, GDP tug at stocks
Facebook creates dual-class stock structure
Consumer group warns about toy hazards
Americans gloomy on economy heading into holidays
Banks earn $2.8 billion in third quarter; insurance fund in the red
Akron, Summit County jobless rates increase
Home prices rise for fourth month in a row
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2 men shot during party in Fairlawn
Cancellation of Christmas not an option
Akron man killed in crash on his street
Several people hurt in Akron crash
Victim of beating in Kent last week is declared dead at Akron hospital
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Blogs:
Pets:
A Dog Named Christmas – Pet for the Holidays
The Heldenfiles:
Viewing Notes
Patrick McManamon:
Of pass interference and alleged "fake" injuries
Akron Zips:
No. 1 Akron to play Stanford next
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
Kent State Sports:
Flashes travel to Florida Atlantic
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
Blog of Mass Destruction:
Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
See Jane Style:
Vintage Chic
Car Chase:
What Automotive Thing Are You Thankful For?
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
By Angela Greiling Keane
Bloomberg News
Published on Tuesday, Nov 11, 2008
YRC Worldwide Inc. investor Fidelity Investments cut its stake by 81 percent, ceding its place as the largest shareholder of the biggest U.S. trucking company by sales.
Fidelity, based in Boston, pared its holdings to 1.53 million shares, or 2.7 percent, according to a filing Monday with the Securities and Exchange Commission.
The sale makes Barclays Global Investors UK, based in London, the biggest investor in YRC, with 7.51 million shares as of June 30, according to data compiled by Bloomberg.
Shares of YRC, based in Overland Park, Kan., with Roadway operations based in Akron, tumbled to a 28-year low on Oct. 24 after the company said it was tapping its credit agreement for the second time in a month.
YRC spokeswoman Suzanne Dawson, who works for Linden Alschuler & Kaplan Inc., had no immediate comment.
YRC lost 1 cent to $4.02 in Nasdaq Stock Market composite trading. The shares have lost 76 percent this year.
Fidelity also lowered its stake in truckers Landstar System Inc., where it was also the largest shareholder, and Marten Transport Ltd., where it had been the second-largest holder.
Fidelity cut its holdings in Jacksonville, Fla.-based Landstar by 40 percent to 3.3 million shares.
That makes T. Rowe Price Associates Inc. the largest investor as of June 30, according to Bloomberg data.
Fidelity lowered its stake in Marten, based in Mondovi, Wis., by 44 percent.
YRC Worldwide Inc. investor Fidelity Investments cut its stake by 81 percent, ceding its place as the largest shareholder of the biggest U.S. trucking company by sales.
Get the full article here.
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