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Norfolk Southern gets $2 million from state to help move jobs out of Roanoke

2016-04-17 05:17:09| Railroads - Topix.net

Virginia Secretary of Commerce and Trade Maurice Jones makes an economic development announcement at BizWorks Enterprise Center in Chesterfield County on Tuesday, Feb. 23, 2016.

Tags: of out state jobs

 

Norfolk Southern Corp. (NSC) Assigned "BBB+" Credit Rating

2016-04-14 05:03:49| Railroads - Topix.net

Norfolk Southern Corp. has been given a "BBB+" credit rating by Morningstar . The investment research firm's "BBB+" rating suggests that the company is a moderate default risk.

Tags: rating credit southern assigned

 
 

Norfolk Southern buyout fails

2016-04-12 15:41:58| Railroads - Topix.net

"Fantastic," said Bob Kutz, president of the Blair-Bedford Central Labor Council, which represents unions whose members work at the Juniata Locomotive Shops and on the Norfolk mainline right-of-way. "It could have been a disaster."

Tags: southern fails norfolk buyout

 

Norfolk Southern Corp. (NSC) Price Target Raised to $84.00

2016-04-12 03:08:25| Railroads - Topix.net

Citigroup Inc. currently has a neutral rating on the railroad operator's stock. A number of large investors have recently bought and sold shares of the company.

Tags: price target southern raised

 

Ackman-Backed Plan Fizzles as Canadian Pacific Ends Norfolk Bid

2016-04-11 22:22:14| Trucking - Topix.net

Canadian Pacific Railway Ltd. abandoned its bid to buy Norfolk Southern Corp. after five months of public efforts and several rejected bids, dealing a setback to investor Bill Ackman, who championed the transaction. The deal, valued at $27 billion, would have been the largest railroad merger since regulators changed their criteria for approving combinations in 2001.

Tags: plan bid ends pacific

 

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