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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:56 EDTKSU, UNP, NSC, CPRailroads sink after Kansas City Southern results miss expectations
Shares of railroad operators are falling after one of the companies in the sector, Kansas City Southern (KSU), reported weaker than expected results earlier today. WHAT'S NEW: Kansas City Southern's fourth quarter earnings per share came in at $1.03, well below the consensus estimate of $1.10. The company's revenue was slightly below expectations. Kansas City Southern identified weak coal volumes and challenging weather as the main causes of its miss. WHAT'S NOTABLE: Yesterday the NTSB recommended that the government impose stricter regulations on the transportation of crude oil by trains. The agency said it was concerned that accidents involving trains transporting crude oil could cause "major loss of life, property damage and environmental consequences." Also yesterday, another railroad operator, Union Pacific (UNP), reported stronger than expected fourth quarter results. The company noted that its overall freight volume had increased 7% last quarter, driven by core pricing gains. Union Pacific did, however, report that its coal revenue had dropped 1% in the fourth quarter, compared with the same period in 2012. PRICE ACTION: In mid-morning trading, Kansas City Southern tumbled 14.7% to $100, Union Pacific lost 0.7% to $173, Norfolk Southern (NSC) dropped 2.5% to $91.30, and Canadian Pacific (CP) declined 2.4% to $144.50.
News For KSU;UNP;NSC;CP From The Last 14 Days
Check below for free stories on KSU;UNP;NSC;CP the last two weeks.
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August 20, 2014
06:26 EDTCPU.S. regulators call meeting with BNSF, Canadian Pacific over delays, WSJ says
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August 18, 2014
07:10 EDTUNPUnion Pacific shares recommended at Credit Suisse
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August 17, 2014
16:00 EDTUNPUnion Pacific freight trains collide in Arkansas killing two, WSJ says
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August 14, 2014
17:02 EDTCPPershing Square gives quarterly update on stakes
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August 12, 2014
10:00 EDTKSU, UNPOn The Fly: Analyst Upgrade Summary
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09:32 EDTUNPUnion Pacific upgraded at Macquarie
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09:32 EDTKSUKansas City Southern upgraded at Macquarie
As previously reported, Macquarie upgraded Kansas City Southern to Neutral from Underperform. The firm upgraded shares based on heavy crude start-ups in Baton Rouge and Beaumont and ethylene project updates to drive growth. Price target raised to $114 from $106.
07:57 EDTUNPUnion Pacific upgraded to Outperform from Neutral at Macquarie
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07:56 EDTKSUKansas City Southern upgraded to Neutral from Underperform at Macquarie

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