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Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:48 EDTNSC, KOPKoppers Holdings signs long-term sales contract with Norfolk Southern
Koppers Inc., a subsidiary of Koppers Holdings (KOP), and Norfolk Southern (NSC) have agreed to extend their two existing sales contracts to supply railroad crossties and related rail products and services for an additional three years. These long-term contract extensions, combined with the current contract to supply rail joint products, further strengthens the long-standing relationship between Koppers and Norfolk Southern.
News For KOP;NSC From The Last 14 Days
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May 20, 2015
08:46 EDTNSCNorfolk Southern reports volumes Q2-to-date are down 1%
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May 15, 2015
06:44 EDTNSCEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
13:12 EDTNSCNorfolk Southern names Alan Shaw Chief Marketing Officer
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11:29 EDTNSCNorfolk Southern CEO says 'confident' in company's long-term strengths
Addressing his last annual meeting as Norfolk Southern's CEO, Wick Moorman told shareholders that "we see continuing strength in the overall economy as well as opportunities in many of the markets we serve," and, "We are confident in our company's long-term strengths and prospects for continued success." President Jim Squires becomes CEO June 1, and Moorman will remain as executive chairman of the board. Moorman reviewed company highlights of 2014, which included "earning record income, revenues, and earnings per share while establishing its best-ever operating ratio, a key indicator of operating performance." These accomplishments were especially significant, Moorman said, considering 2014's extreme winter weather and traffic surges that exceeded expectations, which created service challenges. He delivered an upbeat message to customers and stockholders. "We expect to reach the strong velocity and service levels we saw in 2012 and 2013 by the second half of this year," Moorman said. "As we restore our network's velocity and efficiency, we will be able to secure additional business at rates that will drive positive returns for our shareholders."
09:19 EDTNSCKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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May 13, 2015
10:46 EDTNSCRail estimates lowered at Wolfe Research
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