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Stock Market & Financial Investment News

News Breaks
November 4, 2012
01:48 EDTCSXCSX could begin to lap the worst of the coal declines, Barron's reports
CSX (CSX) has been hurt by record-low natural-gas prices, which in turn have encouraged electric utilities to switch to gas from coal -- resulting in less coal to haul. Coal transport represents about 28% of CSX's revenue. CSX appears to be coping well with its challenges, says Jason Clark, a portfolio manager with Al Frank Asset Management, which has been buying CSX shares of late. It might take awhile for coal to bottom, but the process appears to have begun, he says. The railroad is also making significant cost cuts and productivity strides. CSX offers an appealing 2.7% dividend yield, and it continues to buy back shares. Reference Link
News For CSX From The Last 14 Days
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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
10:33 EDTCSXCSX management to meet with UBS
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November 18, 2014
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 EDTCSXAmtrak 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
November 12, 2014
11:04 EDTCSXCSX sees Q4 EPS growth similar to Q3
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November 7, 2014
08:11 EDTCSXOptions expected to be active
08:08 EDTCSXAckman says Canadian Pacific may pursue alternate M&A target, Bloomberg reports
Bill Ackman said Canadian Pacific (CP) may be interested in going after an alternate takeover target now that CSX Corp. (CSX) has rejected its overtures, and though Ackman did not name Norfolk Southern (NSC), his remarks yesterday at the Invest for Kids conference pointed toward that as the company he was discussing, according to Bloomberg. Norfolk Southern gained 0.85% yesterday to close at $110.72 and is up another 3.5% to $114.55 in pre-market trading this morning. Reference Link

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