YRC Worldwide Inc (YRCW)

[Seminole Red]

YRC Worldwide Inc. (YRCW, $3.65, -$0.41, -10.10%) posted a narrower third-quarter loss on fewer charges as the struggling trucking company unveiled plans for what it called "the final piece of the puzzle"--a $550 million debt-for-stock swap--to put it on firmer financial footing. Chief Executive Bill Zollars acknowledged in an interview that the note exchange, expected to be completed by mid-December, will be dilutive to existing shareholders, although the company still is negotiating a precise formula for the swap.