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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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January 27, 2015
10:31 EDTNSCNorfolk Southern to close Roanoke office building
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09:55 EDTNSCNorfolk Southern downgraded at Avondale
As previously reported, Avondale downgraded Norfolk Southern to Market Perform from Outperform. The firm downgraded shares due to the impact of lower energy prices on volume, prices and margins and said the continued drop in diesel could threaten domestic intermodal volumes. Price target lowered to $105 from $125.
09:44 EDTNSCNorfolk Southern downgraded to Market Perform from Outperform at Avondale
08:52 EDTNSCArgus upgraded Norfolk Southern based on valuation
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08:15 EDTNSCNorfolk Southern upgraded to Buy from Hold at Argus
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January 26, 2015
08:02 EDTNSCNorfolk Southern reports Q4 General Merchandise revenue up 3% $1.7B
Reports Q4 Intermodal revenue up 5% to $649M; Reports Q4 Coal revenue down 15% to $543M
08:01 EDTNSCNorfolk Southern plans to invest $2.4B in capital investments
Norfolk Southern plans to invest $2.4B in capital investments to maintain the safety and quality of our rail network, enhance service, improve operational efficiency, and support growth opportunities.
08:01 EDTNSCNorfolk Southern reports Q4 EPS $1.64, consensus $1.63
Reports Q4 revenue $2.87B, consensus $2.94B
January 23, 2015
14:50 EDTNSCNorfolk Southern January weekly volatility elevated into Q4 and outlook
Norfolk Southern January weekly call option implied volatility is at 45, February is at 27, March is at 25; compared to its 26-week average of 24 according to Track Data, suggesting large price movement into the expected release of Q4 results on January 26.
14:46 EDTNSCNorfolk Southern technical comments before earnings
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14:45 EDTNSCNorfolk Southern raises quarterly dividend 4% to 59c per share
Norfolk Southern announced that its board voted to increase the regular quarterly dividend on the company's common stock by 4%, or 2c per share, from 57c to 59c per share. The increased dividend is payable on March 10 to stockholders of record on February 6.
January 13, 2015
15:26 EDTNSCNorfolk Southern CMO Don Seale to retire
Donald Seale, executive VP and Chief Marketing Officer of Norfolk Southern Corp. has announced his plan to retire effective March 1, chairman and CEO Wick Moorman said. The board will name a successor at a later time.

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