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The Treasury Department announced on Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company. Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide …
Read More »In unusual deal, U.S. Treasury to acquire 30 percent of a trucking company in exchange for $700 million loan
