Jerry Moyes News
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Swift Transportation Co. rose the most since its December 2010 initial public offering after the trucking company posted profit that beat analysts’ estimates.
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Jerry Moyes , who took control of Swift Transportation Co. in a $2.37 billion leveraged buyout in 2007, is planning an initial public offering that values the trucking company at 25 percent less after three years of losses.
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Swift Holdings Corp., the Phoenix- based trucking company owned by Jerry Moyes , filed for an initial public offering to raise as much as $700 million.
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Swift Transportation Co. , the biggest truckload carrier in North America, raised $806 million after cutting the price for the second-largest U.S. initial public offering of 2010.
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The National Hockey League reached a tentative agreement to sell the Phoenix Coyotes to Greg Jamison, the former Chief Executive Officer of the San Jose Sharks.
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The lawyers who previously attempted without success to stop the Chrysler LLC sale process have new clients and are again seeking to block the government-backed rescue that pays some unsecured creditors more than secured noteholders.
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The city of Glendale, Arizona, celebrated a decade ago when the National Hockey League’s Coyotes abandoned downtown Phoenix for a taxpayer-funded suburban arena surrounded by a sports and entertainment complex.
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The Phoenix Coyotes bankruptcy may set a legal precedent that would “disrupt the business” of major league baseball, basketball and football, officials from all three sports said in court papers.
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Investors have driven down transportation stocks on concern a recession is looming in the U.S. That may be an opportunity for those who see the industry getting a fresh boost from holiday sales.
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The index of U.S. leading indicators rose in January and the cost of living climbed less than forecast, pointing to sustained economic growth with limited price pressures.
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