NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...» Read More
Stocks pared their gains on Tuesday as worries about a drop in consumer confidence offset some earlier better-than-expected earnings results. Ted Parrish, co-portfolio manager at Henssler Equity Fund, and Eugene Peroni, senior VP and portfolio manager at Advisors Asset Management, shared their insights.
Cramer highlights another American company bucking the notion that this economy is all bad.
There are a lot of negative headlines out there, but Cramer sees some positives, too.
Cramer thinks these two stock groups may offer some great protection in this disappointing market.
Take note of the bullish numbers this rail company is touting.
A number of trucking companies have been outperforming the S&P, but since they’ve experienced a pullback in the last month, is this the right time for investors to be piling in? Jason Seidl, transportation analyst at Dahlman Rose discussed his views.
The major railroad stocks have been on a rally over the last month and CSX is due to report quarterly earnings after the closing bell. How should investors position their portfolios? Jason Seidl, director at Dahlman Rose shared his sector insights.
Nearly 150 years after American railroad companies imported thousands of Chinese laborers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time it would be an entirely different role: supplying the technology and engineers to build high-speed rail lines.
The Dow has inched closer to the 11,000 mark, yet some investors are still skeptical about this rally. Dan Veru, executive vice president and co-chief investment officer at Palisade Capital Management, and David Tice, bear market strategist at Federated Investors, discussed their market outlooks.
President Obama's first appearance after the State of the Union address is in Tampa, Fla. on Thursday where he is expected to announce $8 billion worth of grants for high speed rail projects in the United States. More than a dozen projects will receive funds, spanning 31 states, but the biggest winners look to be Florida, Illinois and California.
Transport stocks have been down in the last two days, but the Dow Jones Transport Index is up almost 19 percent over the last year. How much more room is there for these stocks to grow? Lee Klaskow, senior transportation and logistics analyst at Longbow Research, says it is time to start buying on the dips.
Warren Buffett tells CNBC in a live interview on Squawk Box this morning that he has "a lot of doubts" about Kraft's planned purchase of Cadbury and that he "feels poorer" in the wake of the deal. The deal does not need to be approved by shareholders, but "If I had a chance to vote on this, I'd vote no." But he rejected Joe Kernen's suggestion that he show his displeasure by selling Berkshire's stake of over 9 percent in Kraft. That, he says, would be too expensive because Kraft's stock is still "undervalued."
Markets rose on Tuesday after reports showed consumer confidence improved and home prices stabilized. Can stocks continue upward in 2010? Jerry Castellini, president and CIO of CastleArk Management, shared his market outlook.
A special Burlington Northern Santa Fe shareholders meeting has been scheduled for February 11 to vote on the railroad's planned $26 billion acquisition by Warren Buffett's Berkshire Hathaway.
Warren Buffett's Berkshire Hathaway has received FTC and Justice Department antitrust clearance for its planned $26 billion purchase of Burlington Northern Santa Fe.
Many investors are too conservatively positioned to the end of the year, said Thomas Lee, chief U.S. equity strategist at JPMorgan. He told investors where they should be looking.
Warren Buffett says he's not expecting, and isn't entitled to, "spectacular" returns on Berkshire Hathaway's planned acquisition of the Burlington Northern Santa Fe freight railroad. This is a transcript of Buffett's comments on his proposed BNSF deal during a broadcast interview on The Charlie Rose Show.
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.
Warren Buffett's Berkshire Hathaway plans to sell its stakes in Union Pacific and Norfolk Southern, now that it plans to buy their competitor, Burlington Northern.