The "Halftime Report" traders reveal what they're watching as earnings season begins.» Read More
Shares of Norfolk Southern spiked Monday after a report that the company was being eyed by Canadian Pacific.
United Continental declined to provide details about the medical condition of its new chief executive officer on Sunday.
Oct 15- U.S. railroad CSX Corp said it would reduce train operations in Erwin, Tennessee due to lower coal traffic in the region.
Some of the names on the move ahead of the open.
U.S. stock futures were under pressure this morning, with Europe and Asia in the red. The Dow snapped a seven-session winning streak on Tuesday.
Check out the companies making headlines after the bell Tuesday: SanDisk, Intel, JPMorgan & more.
CHICAGO, Oct 13- No. 3 U.S. railroad CSX Corp said on Tuesday its third-quarter net profit fell slightly, mainly on slumping coal freight volumes, and that "significant coal headwinds" will continue into 2016.. Coal revenue fell 19 percent to $583 million from $721 million a year earlier. The Jacksonville, Florida- based company reported net income of $507 million, or...
Traders will look for further confirmation Tuesday that the stock market has found its footing, ahead of the first major bank earnings.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
U.S. stock futures were under pressure this morning. But a Dow increase today would mark the longest winning streak since March 2013.
WASHINGTON, Oct 9- A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect that railroad inspectors from CSX Corp missed twice in the preceding months, U.S. regulators said on Friday. Twenty-seven of the train's 109 cars derailed near Mount Carbon, West Virginia, on Feb. 16.
WASHINGTON, Oct 9- U.S. regulators on Friday said a February oil train derailment in Mount Carbon, West Virginia, was caused by a rail defect that CSX Corp and its contractor missed during at least two inspections conducted months before the accident.
With the end of the third quarter in sight, Goldman Sachs predicts the upcoming earnings season will not be pretty.
CHICAGO/ NEW YORK, Sept 28- Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending. The major publicly-traded U.S. railroads including Union Pacific Corp, CSX Corp and Norfolk Southern Corp have missed estimates or...
The billionaire tells CNBC he's more bullish on stocks based on valuations than fellow hedge fund titan David Tepper. Ackman also talks Mondelez and his Herbalife short.
CHICAGO, Sept 9- Oscar Munoz, the new chief executive at United Continental Holdings Inc, will be expected to persuade investors and employees that he can fix a complex business in an industry in which he has no experience. Munoz had held finance jobs at consumer products companies including Coca-Cola Enterprises, AT&T Corp and Pepsico Inc before joining CSX.
Sept 9- One day after ousting its chief executive, United Continental Holdings Inc and its new boss, Oscar Munoz, moved to reassure shareholders and employees that the company is stable. The airline also got a boost on Wednesday after acting Chief Financial Officer Gerry Laderman said at an investor conference that United is on track to save $1 billion in annual...
Sept 9- United Continental Holdings Inc's new chief executive, in his first communication to employees, promised to meet with as many workers as possible and "hear about operations directly from you," a sharp contrast with ousted predecessor Jeff Smisek that drew cheers from investors and unions on Wednesday. Separately, acting Chief Financial Officer Gerry...
Sept 9- United Continental Holdings Inc's new CEO, in his first communication with employees, struck a sharp contrast with ousted predecessor Jeff Smisek, a shift investors and unions cheered on Wednesday. Along with Smisek, two other senior UAL executives also left United on Tuesday as a result of a federal probe involving the Port Authority of New York and New...
Sept 9- Analysts on Wednesday gave the thumbs up to the replacement of United Continental Holdings Inc Chief Executive Officer Jeff Smisek, who stepped down due to a federal probe of the U.S. airline, and the company's shares were flat. Oscar Munoz, a UAL board member, is stepping down from his job as chief operating officer of railroad company CSX Corp.