Hints and tips:
...Canadian Pacific has thrown in the towel on its pursuit of US rival Norfolk Southern after the latter rejected three takeover offers from the Canadian railway operator....
...Shares in US railway operator CSX spiked by as much as 8 per cent following a report that rival Canadian Pacific Railway has revived its failed attempt to buy the company....
...Canadian Pacific, the second-largest railway company in Canada, argued that combining its business with Norfolk Southern would create an end-to-end North American rail network “that would enhance competition...
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...Norfolk Southern on Tuesday criticised an “unsolicited, low-premium, non-binding and highly conditional” potential bid from Canadian Pacific that would value the US’s fourth-biggest railroad network at around...
...A little way down the line, those who are not inured to it smell Mahim Creek before they see it....
...The S&P 500 railroads index, which consists of CSX, Kansas City Southern, Norfolk Southern and Union Pacific Corp stocks, closed 0.6 per cent lower on the news....
...Some shippers had moved their cargo to vessels heading to New York and New Jersey, Norfolk, Virginia and other US east coast ports, Mr Davidson said....
...Despite the better than expected earnings from Boeing, Delta and Gilead, as well as Dow Chemical, Procter & Gamble, and Norfolk Southern, stock markets slid....
...Norfolk Southern, the other big eastern network, announced fourth-quarter net income down 14 per cent to $413m on revenue down 4 per cent to $2.68bn....
...Between 1982 and 1985 she was the head of the BBC’s engineering computer services....
...To sweeten the sale of this stake in the railways, the government has promised to restructure the company and cut some of its big lossmaking routes....
...But critics say the railway, built by the Bombela consortium of companies, is a vanity project that will do little to improve a threadbare public transport system....
...Other companies among the big four US railroads saw share price rises on yesterday’s news. Main rival Union Pacific rose 6.8 per cent, while Norfolk Southern rose 2.4 per cent and CSX 6 per cent....
...This is better for example than the 74.8 per cent of the Norfolk Southern railroad or the 75.2 per cent of the Burlington, Northern and Santa Fe railroad – both had been better performers in recent years...
...It’s this era of change that the V&A’s show documents, and the range of objects is almost too great to list. Elaborate howdahs turn into silver barouches then into Rolls-Royces....
...However, goods carried by Indian railways or those carried as coastal cargo or through inland waterways are not charged to service tax....
...In industrials, Boeing, the aerospace group and CH Robinson, the logistics provider, both undershot Wall Street expectations while Norfolk Southern, the railway company, outperformed....
...Buffett’s company has concentrated heavily on BNSF, where it is by now much the biggest shareholder, but it has also taken stakes in Union Pacific and Norfolk Southern....
...The legendary investor also disclosed a smaller investment in Wellpoint, a US health insurer, and revealed further details of its exposure to the railway industry, identifying Virginia-based Norfolk Southern...
...Padmanabhan recalls that when he joined Tata Consultancy Services (TCS) in 1982 it had 400 employees. Today it has nearly 90,000....
...One train can hide another, goes the famous warning sign at French railway junctions. The same might be said for Indian entrepreneurs....
...Edie Weiner, of the New York company Weiner, Edrich, Brown, Inc, a futures consultancy founded in 1977, claims her clients first heard the words “internet” and “Taliban” from her....
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