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Stock Market & Financial Investment News

News Breaks
May 3, 2013
17:48 EDTMTOR, UNPMeritor names Ivor Evans as interim CEO, effective May 3
The Board of Directors of Meritor (MTOR) announced that it has made a change in the position of Chairman of the Board, CEO and President. Effective May 3, Ivor Evans was named Executive Chairman of the Board and Interim CEO and President. Evans, who has been a member of the Board of Directors since 2005, succeeds Charles G. McClure, Jr. who is departing from the company. Evans served as President and COO of Union Pacific Railroad from 1998 until 2004 and as Vice Chairman of Union Pacific (UNP) from January 2004 until his retirement in March 2005.
News For MTOR;UNP From The Last 14 Days
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February 23, 2015
09:59 EDTUNPOn The Fly: Analyst Initiation Summary
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06:11 EDTUNPUnion Pacific initiated with a Neutral at JPMorgan
Target $128.
February 22, 2015
13:45 EDTUNPCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
February 18, 2015
07:07 EDTUNPBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 15, 2015
15:35 EDTUNPWest coast ports closed to cargo vessels for weekend, Reuters says
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