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Stock Market & Financial Investment News

News Breaks
May 3, 2013
17:48 EDTUNP, MTORMeritor 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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April 24, 2015
09:32 EDTUNPUnion Pacific downgraded to Market Perform from Outperform at Avondale
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April 23, 2015
09:18 EDTUNPOn The Fly: Pre-market Movers
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08:15 EDTUNPUnion Pacific expect to see improvement in network performance, cost efficiency
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08:14 EDTUNPUnion Pacific adjusts 2015 capital program down $100M to approximately $4.2B
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08:14 EDTUNPUnion Pacific reports Q1 business volumes down 2%
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08:13 EDTUNPUnion Pacific reports Q1 EPS $1.30, consensus $1.37
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April 22, 2015
15:50 EDTUNPNotable companies reporting before tomorrow's open
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15:16 EDTUNPUnion Pacific April weekly volatility increases into Q1 and outlook
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April 21, 2015
19:12 EDTUNPCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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April 13, 2015
17:03 EDTUNPRailroad 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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