Two railroad workers were killed and two others were injured when the Union Pacific freight trains crashed. The Union Pacific rail line runs parallel to the highway, where traffic is being detoured. A Union Pacific spokesman didn't return phone and email messages from The Associated Press seeking comment.» Read More
There’s more than one way to profit from a stock cycle. With the railroads on the rise, Cramer thinks there’s no time like the present to show you how.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warren Buffett isn’t the only one interested in railroads. Activist shareholders are eyeing railroad operator CSX, which could be contributing to Wednesday’s surge in the stock, CNBC’s David Faber reported.
Eurostar, the passenger train service linking London and mainland Europe, set a target on Tuesday to cut CO2 emissions by 25% per passenger by 2012.
Warren Buffett's Berkshire Hathaway has bought large stakes in two other North American railroad companies besides Burlington Northern Santa Fe, CNBC's Liz Claman has learned. Berkshire recently acquired a 10.9% stake in Burlington Northern Santa Fe , becoming the railroad company's largest shareholder.
Thomas Wadewitz, transportation analyst at JP Morgan Chase, told CNBC’s “Morning Call” that railroads should be able to increase rates, making the sector attractive to investors.
Sometimes "good news is bad news" -- and vice versa, according to Andrew Burkly, market strategist at Brown Brothers Harriman. He explained his reasoning to CNBC's Melissa Francis -- and also told her why he prefers equities to commodities.Speaking on "Closing Bell," Burkly took the "bad news" -- weaker economic growth -- and pointed out that the slowdown could lead to "one or two" Federal Reserve rate cuts, which would be "good for P/E ratios."
A French-built high-speed train has broken the world speed record on rail: With a 25,000 horsepower engine and special wheels, the train hit a speed of more than 357 mph. The train’s performance was close -- but was not as fast as the Japanese maglev (magnetic) train that reached 361 mph in 2003. CNBC’s Phil Lebeau joined Erin Burnett on "Street Signs" to discuss why the U.S. can’t -- or won't -- do the same thing.
Mark Thomas, chief investment strategist for ValueStockTips.com, told CNBC’s “Street Signs” that he’s now 100% in cash, but still expects the stock market to return gains of 6% to 8% this year.Thomas on Monday said he expects to remain on the sidelines for the next two to four weeks to reduce risk in a volatile market. Also, he said many people pull money out of stocks this time of year to pay their taxes.
Cramer continues his list of the top 10 potential anti-competitive deals coming before 2008.
Norfolk Southern reported weaker-than-expected results, blaming lower freight volumes in some segments on a "softer economy." The company's stock fell as much as 6%.