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YRC Stock Drops as Teamsters Reject Accord-Funding Tie

YRC Worldwide Inc.’s shares sank for a second day after union workers rejected a concession-filled labor agreement that the trucker needed to refinance more than $1 billion and ward off a default.

Shares fell 13 percent to $13.58 at the close in New York, the lowest level since Dec. 16. The stock fell 16 percent yesterday before the voting results were released. YRC’s shares doubled in 2013.