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Stock Market & Financial Investment News

News Breaks
February 25, 2013
10:01 EDTNSCNorfolk Southern to discontinue certain railcar sorting operations in Roanoke
Norfolk Southern announced that it will cease regional railcar classification operations at its Roanoke Terminal hump yard in Roanoke, Va., beginning today. This will mean the elimination of about 140 positions. The Terminal will continue to provide service to local customers, and to be a hub for through-train operations. The Roanoke hump operation has seen a steady decline in the volume of general merchandise cars handled by about 30% since 2006. At the same time, system-wide improvements in the railroad's operations have freed up network capacity such that classification operations now performed at Roanoke are no longer necessary. System-wide, Norfolk Southern anticipates hiring between 850 and 1,150 employees in 2013 to keep up with attrition. These positions will first be offered to employees affected by the Roanoke change and employees furloughed at other locations.
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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