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CSX Corp

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  • TORONTO, Oct 21- Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday. Norfolk Southern Corp is the other of the two bigger U.S. railways based east of Chicago. Without mentioning Norfolk Southern...

  • Oct 21- Canadian Pacific Railway Ltd reported higher third-quarter earnings and revenue on Tuesday as its operating ratio, a key efficiency measure, set a new record. Earnings and revenue fell short of analyst expectations, but shares rose 1.8 percent to C $225.45 on the Toronto Stock Exchange, in line with rival Canadian National Railway Co.

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 p.m. ET Monday, 20 Oct 2014 | 2:52 PM ET

    International Business Machines Corp reports a marked slowdown in business in September and abandons its 2015 operating earnings target, as weak client spending and a slumping software sector weighed down quarterly revenue. Valeant Pharmaceuticals International Inc says it may raise its bid for Botox maker Allergan Inc to more than $200 per share; the...

  • Midday movers: Carnival, CSX, eBay, Gannett & more Monday, 20 Oct 2014 | 1:17 PM ET

    Some of Monday's midday movers:

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent. Neither side had confirmed the talks, initially reported by the Wall Street Journal a week ago. However, analysts had said service problems...

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy No. 3 U.S. railroad operator CSX Corp.. The Wall Street Journal reported last week that Canadian Pacific had approached CSX about merging the two North American railroad operators, but that the offer had been rebuffed. Canadian Pacific said in a statement on Monday that there were no...

  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...

  • Market guilty until proven innocent: Cramer Wednesday, 15 Oct 2014 | 6:10 PM ET

    Jim Cramer reviews the events of Wednesday against his 10-point checklist to determine if the market is guilty until proven innocent.

  • NEW YORK, Oct 15- For the first nine months of this year, U.S. fund managers could be counted on to tout the same line: the stock market was getting so expensive they could do nothing but sit on their hands. "We're finally getting busy again," said Scott Moore, the lead portfolio manager of the Buffalo Dividend Focused fund, the top-performing large-cap fund for the year to...

  • Early Movers: BAC, BLK, PNC, KEY, SWY, AAPL & more Wednesday, 15 Oct 2014 | 7:55 AM ET

    Some of the names on the move ahead of the open.

  • CSX beats, citing U.S. economy for freight boost Tuesday, 14 Oct 2014 | 5:17 PM ET
    CSX freight lines run through center city Philadelphia

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • After-hours buzz: CSX, Intel, Phillips 66 & more Tuesday, 14 Oct 2014 | 5:00 PM ET

    Check out which companies are making headlines after the bell Tuesday: CSX, Intel, Phillips 66 & more.

  • CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CSX 3rd-quarter profit, revenue up, topping forecasts Tuesday, 14 Oct 2014 | 4:20 PM ET

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported third-quarter profit that rose from a year earlier, beating forecasts, driven by a 7 percent increase in freight volumes across most of its markets as the U.S. economy continued to grow. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street...

  • CSX CEO: Moving about 3 crude trains daily     Tuesday, 14 Oct 2014 | 4:16 PM ET

    After CSX reported record Q3 earnings, the company's CEO Michael Ward, discusses what the move in oil prices means for his business, and steps to ensure safety for oil transportation.

  • CSX Q3 earnings beat     Tuesday, 14 Oct 2014 | 4:03 PM ET

    CSX is reporting Q3 EPS of $0.51 on revenue of $3.22 billion, with CNBC's Morgan Brennan.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. The Wall Street Journal reported on Sunday that the No. 2 Canadian railroad made a bid last week for Jacksonville,...

  • *VIX close is highest since June 2012. NEW YORK, Oct 13- The S&P 500 dropped more than 1 percent and posted its worst three-day slide since November 2011 on Monday following worries that global economic weakness will dampen U.S. earnings, along with concern about the spread of Ebola. Shares of ConocoPhillips slid 3.3 percent to $68.07.

  • *VIX at highest close since June 2012. NEW YORK, Oct 13- U.S. stocks dropped more than 1 percent on Monday, with the S&P 500 closing below a key technical support level, as declines in energy and airline shares led a late-day selloff. The CBOE Volatility index ended at 24.64, its highest close since early June 2012.