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Stock Market & Financial Investment News

News Breaks
February 11, 2014
04:55 EDTCNW, CNW, R, R, ABFS, ABFS, RLOG, RLOG, ULTR, ULTR, KSU, KSU, CNI, CNI, UNP, UNP, CP, CP, SWFT, SWFT, GWR, GWRStifel to hold a conference
Transportation and Logistics Conference is being held in Palm Beach, Florida on February 11-12.
News For CNW;SWFT;CP;UNP;CNI;KSU;ULTR;RLOG;ABFS;R;GWR From The Last 14 Days
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March 26, 2015
06:28 EDTCNICanadian National upgraded to Outperform from Market Perform at Cowen
06:21 EDTCNWCon-way upgraded to Buy from Hold at Stifel
March 25, 2015
18:33 EDTGWROn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 4.6%... Five Below (FIVE), up 5.5%. ALSO HIGHER: Pernix Therapeutics (PTX), up 2.4% after being initiated with an Outperform at Oppenheimer. DOWN AFTER EARNINGS: Verint Systems (VRNT), down 2.3%... Pacific Sunwear (PSUN), down 5.9%. ALSO LOWER: Sucampo (SCMP), down 9.5% after filing to sell Class A common stock for holders... FutureFuel (FF) down 8% after "significant adverse impact" of P&G pact termination... Genesee & Wyoming (GWR), down 1.3% after lowering first quarter revenue guidance.
17:47 EDTGWRG&W lowers Q1 revenue guidance to $375M from $400M, consensus $395.9M
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17:32 EDTGWRGenesee & Wyoming completes acquisition of Freightliner Group
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13:26 EDTKSUKansas City Southern management to meet with Stephens
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07:43 EDTCNIRail break caused latest Canadian National derailment, WSJ says
Canadian Nationalís latest derailment was caused by a rail break and the company is investigating whether track inspections are being conducted properly, reports the Wall Street Journal, citing Canadian National COO Jim Vena. Reference Link
March 24, 2015
06:12 EDTKSUKansas City Southern could trade down to $100 in near-term, says Citigroup
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March 23, 2015
16:20 EDTUNP, CNI, KSUOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
13:13 EDTGWR, KSU, UNPRailroad operators trade lower after Kansas City Southern reduces FY15 guidance
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12:17 EDTCNI, KSU, UNPOn The Fly: Midday Wrap
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10:08 EDTCPHigh option volume stocks
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08:23 EDTKSUKansas City Southern down 4.15% in pre-market trading
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08:14 EDTKSUKansas City Southern sees Q1 adjusted EPS flat to slightly higher
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08:12 EDTKSUKansas City Southern reduces FY15 revenue guidance to low single-digit growth
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08:01 EDTRRyder price target raised to $130 from $117 at FBR Capital
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06:49 EDTCNICanadian National derailments rose 73% in 2014, Reuters says
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March 20, 2015
07:10 EDTUNPUnion Pacific weakness a buying opportunity, says UBS
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March 19, 2015
07:17 EDTCNWStephens to hold a conference
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March 17, 2015
13:16 EDTCNICN to build new C$250M intermodal and logistics hub in Milton, Ontario
CN announced a plan to build a C$250M intermodal and logistics hub adjacent to its main line in the Town of Milton, Ont., located approximately 30 miles west of Toronto. CN's intermodal business recorded 2014 revenues of more than C$2.7B. The new Milton facility will complement Brampton Intermodal Terminal, CN's existing Toronto-area intermodal terminal in Brampton, Ont. BIT, which is nearing capacity, but will continue to operate for the long term. CN will submit a complete project description of the planned Milton hub to the Canadian Environmental Assessment Agency for review.
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