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Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:32 EDTKSU, GLPGlobal Partners, Kansas City Southern to develop unit train terminal in Texas
Global Partners LP (GLP) and Kansas City Southern (KSU) announced plans to develop a unit train terminal in Port Arthur, Texas. The waterborne terminal, which will be constructed on a 200-acre parcel leased by Global from KCS, will serve initially as a destination for heavy crude from Western Canada utilizing 340,000 barrels of initial storage capacity. Upon commencement of unit train service, the terminal is expected to have an initial capacity of up to 2 unit trains per day. Construction of the terminal is contingent upon Globalís receipt of all necessary permits.
News For GLP;KSU From The Last 14 Days
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April 22, 2015
08:34 EDTGLPGlobal Partners raises quarterly dividend to 68c per share from 66.5c per share
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April 21, 2015
19:12 EDTKSUCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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09:30 EDTKSUKansas City Southern sees low-single-digit revenue growth in FY15
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09:22 EDTKSUOn The Fly: Pre-market Movers
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08:05 EDTKSUKansas City Southern reports Q1 adjusted EPS $1.03, consensus $1.08
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April 20, 2015
15:37 EDTKSUNotable companies reporting before tomorrow's open
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April 14, 2015
08:47 EDTGLPGlobal Partners to acquire retail portfolio from Capitol Petroleum for $156M
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April 13, 2015
17:03 EDTKSURailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.

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