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Stock Market & Financial Investment News

News Breaks
January 28, 2013
10:21 EDTNSCNorfolk Southern plans to spend $2B in 2013 for capital improvements
Norfolk Southern said it plans to spend $2B in 2013 for capital improvements to its rail transportation network. The largest expenditure will be $831M for roadway improvements. "Our capital plan will maintain the safety and quality of our existing franchise, improve service quality and performance, achieve operational efficiencies and productivity improvements, and support business growth," said Norfolk Southern CEO Wick Moorman. "We continue to invest in the infrastructure, equipment, and technology necessary to provide the best possible service to our customers."
News For NSC From The Last 14 Days
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October 22, 2014
16:44 EDTNSCNorfolk Southern says coal weakness offset by stronger segments
16:42 EDTNSCNorfolk Southern CEO sees growth potential without mergers
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16:41 EDTNSCNorfolk Southern CEO says issues around industry consolidation problematic
Comments made during CNBC interview.
09:21 EDTNSCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
08:02 EDTNSCNorfolk Southern reports Q3 EPS $1.79, consensus $1.83
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October 21, 2014
15:35 EDTNSCNotable companies reporting before tomorrow's open
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October 20, 2014
12:16 EDTNSCCanadian Pacific still interested in consolidation, says UBS
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October 16, 2014
10:01 EDTNSCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
06:35 EDTNSCNorfolk Southern downgraded at Credit Suisse
As previously reported, Credit Suisse downgraded Norfolk to Neutral from Outperform. The firm downgraded shares due to a lower EBIT base, severe network challenges, and likely higher costs. Price target lowered to $115 from $122.
06:04 EDTNSCNorfolk Southern downgraded to Neutral from Outperform at Credit Suisse
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