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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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May 19, 2015
06:14 EDTGLPGlobal Partners files $50M automatic equity shelf for limited partners
Wells Fargo and BMO Capital are acting as sales agents.
May 18, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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07:56 EDTKSUKansas City Southern downgraded due to lower volumes at BofA/Merrill
As previously reported, BofA/Merrill downgraded Kansas City Southern to Neutral from Buy and lowered its price target to $97 from $116. The firm said Kansas City Southern already pulled guidance and Q2 carloads to date are down 7%, versus its 1% growth forecast and coal carloads are down 44%, below its forecast of down 7%, due to large customer. Luminent, being virtually shut-down due to low natural gas prices.
06:47 EDTKSUKansas City Southern downgraded to Neutral from Buy at BofA/Merrill

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