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Stock Market & Financial Investment News

News Breaks
March 6, 2013
06:38 EDTCSX, UNP, NAV, KSU, RA, CNI, CMI, GWR, CP, NSCHeavier trucks becoming controversial issue on Capitol Hill, Politico says
Two House members, a Democrat and a Republican, introduced a bill that would allow heavier trucks on American highways, and add a new fee on the heavier trucks, according to Politico. Railroads, however, favored letting the Department of Transportation study the issue before such a law was passed, and the House Transportation Committee recently voted to direct the department to conduct such a study before heavier trucks are authorized, the website explained. The issue of heavier trucks, which has been controversial in the past, is likely to resurface next year when lawmakers are slated to consider a new transportation bill, Politico stated. Reference Link
News For CMI;NAV;NSC;CNI;UNP;CP;RA;CSX;GWR;KSU From The Last 14 Days
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November 26, 2014
14:05 EDTUNP, CSX, GWR, CNI, KSU, NSC, CPRailroads prepare to avoid Chicago gridlock, Bloomberg says
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08:20 EDTCPAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
17:26 EDTCPCanadian Pacific to purchase for cancelation over 1.2M shares
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November 21, 2014
09:04 EDTCSXCSX backs view for Q4 EPS growth at similar level to Q3
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07:54 EDTCSXCSX likely to deliver earnings growth above expectations, says UBS
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November 19, 2014
16:03 EDTGWRGenesee & Wyoming announces acquisition of short line railroads in Arkansas
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11:14 EDTKSU, CNI, NSC, GWR, UNP, CPCowen airfreight/surface & rail analysts hold analyst/industry conference call
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10:33 EDTCSXCSX management to meet with UBS
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09:01 EDTNAVCleveland Research is more cautious on Navistar
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November 18, 2014
16:07 EDTNAVCompass Minerals names Matthew Foulston new CFO
Compass Minerals (CMP) announced that Matthew J. Foulston will join the company as CFO effective Dec. 2. Foulston comes to Compass Minerals from Navistar International (NAV) in Chicago where he was the senior vice president of operations and corporate finance. Previously, he was the vice president and chief financial officer at Navistar Truck. He also served as senior vice president and chief financial officer at Mazda North America and held several leadership positions at Ford Motor Company in Germany, the U.K. and the U.S.
07:25 EDTCSXCSX management to meet with UBS
Meetings to be held in Los Angeles/Pasadena on November 18 hosted by UBS.
November 17, 2014
16:38 EDTNSC, CSXAmtrak files complaint against CSX, Norfolk Southern, RailwayAge says
According to RailwayAge, Amtrak has filed a complaint with the U.S. Surface Transportation Board against Norfolk Southern (NSC) and CSX (CSX). Amtrak filed the complaint over substandard on-time performance of the Washington D.C.-Chicago Capitol Limited, which operates over right-of-way owned by Norfolk Southern and CSX, added RailwayAge. Reference Link
16:11 EDTNSC, CPNorfolk Southern, Canadian Pacific subsidiary propose rail line transaction
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November 16, 2014
17:04 EDTCMICummins could rise over 15% in FY15, Barron's says
Cummins shares could rise over 15% in FY15 as concerns look overdone, Barron's contends in a feature article. The company should benefit from the North American market and improvements in emerging markets, the paper adds. Reference Link
November 14, 2014
17:14 EDTCPPershing Square gives quarterly update on stakes
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November 13, 2014
09:08 EDTCMIAllison Transmission and Cummins receive ARB approval for propulsion systems
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