Norfolk Southern Newswire (Page 9)

Norfolk Southern Newswire (Page 9)

Comprehensive Real-Time News Feed for Norfolk Southern. (Page 9)

Results 161 - 180 of 3,509 in Norfolk Southern

  1. CP Rail-Norfolk merger decision could take 18 months, regulator saysRead the original story w/Photo

    Nov 20, 2015 | Seeking Alpha

    A decision on whether to clear a potential merger of Canadian Pacific Railway and Norfolk Southern could take 18 months and probably would be subject to an appeal before a final decision is reached, U.S. Surface Transportation Board chairman Daniel Elliott says. A merger of the two railroads would be "very complex," and regulators would take under consideration the possibility that such a big merger might spark further rail industry consolidation as they determine whether or not it would be in the public's interest, Elliott says.

    Comment?

  2. CP Rail CEO Targets Norfolk Holders as He Weighs Higher BidRead the original story

    Nov 20, 2015 | The Washington Post

    Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion takeover offer for Norfolk Southern Corp. and is "going to do everything we can" to court the U.S. carrier's shareholders, Chief Executive Officer Hunter Harrison said. After an initial meeting last week with Norfolk Southern management ended inconclusively, getting the deal moving will take "a little more money" and pressure from investors, Harrison said Friday in an interview at Bloomberg's headquarters in New York.

    Comment?

  3. Canadian Pacific Willing to Boost Offer on Norfolk MergerRead the original story

    Nov 20, 2015 | The Washington Post

    Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion proposal to merge with Norfolk Southern Corp., Chief Executive Officer Hunter Harrison said in a Bloomberg Television interview. While not giving an amount the deal could be increased, Harrison said Canadian Pacific is seeking to preserve its investment-grade rating.

    Comment?

  4. U of Calgary aims to go beyond 'Waterloo West'Read the original story w/Photo

    Nov 20, 2015 | The Globe and Mail

    ... for Entrepreneurship and Innovation. Canadian Pacific announced Tuesday that it has sent an offer letter to Norfolk Southern Corp. proposing a business combination that would create a transcontinental railroad. The offer includes a "sizeable ...

    Comment?

  5. CP's Harrison offered NS's Squires a position as CEO if he agreed to takeover proposalRead the original story w/Photo

    Nov 20, 2015 | Brotherhood of Locomotive Engineers and Trainmen

    NEW YORK - Canadian Pacific Ltd. Chief Executive Officer Hunter Harrison said he offered his counterpart at Norfolk Southern Corp. a CEO position if he would agree to a takeover proposal.

    Comment?

  6. Number of $5 billion-plus takeover deals hits recordRead the original story

    Nov 20, 2015 | Reuters

    Nov 20 A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data. Pacific Railway's bid for rival Norfolk Southern Corp. on Tuesday would be the biggest ever Canadian acquisition in the United States, and lifted this year's Canada-U.S. M&A activity to $104.1 billion, surpassing all other years.

    Comment?

  7. Number of US$5 billion-plus takeover deals hits recordRead the original story w/Photo

    Nov 20, 2015 | Channelnewsasia.com

    ... or more to a record 128 this year, according to Thomson Reuters data. Pacific Railway's bid for rival Norfolk Southern Corp. on Tuesday would be the biggest ever Canadian acquisition in the United States, and lifted this year's Canada-U.S. M&A ...

    Comment?

  8. Canada not guaranteed to be headquarters of merged railway, says CP CeoRead the original story w/Photo

    Nov 19, 2015 | Brandon Sun

    North America's largest railway may not be headquartered in Canada in the event of a merger between Canadian Pacific and Norfolk Southern, CP Rail chief executive Hunter Harrison said Thursday. The veteran American railroader told an industry conference webcast from Florida that details such as the headquarters location, distribution of board seats and which jobs are protected would have to be worked out during negotiations.

    Comment?

  9. CP's Harrison Offered Norfolk Southern's Squires a CEO JobRead the original story

    Nov 19, 2015 | The Washington Post

    In laying out a possible scenario for management of the combined company, Harrison said Jim Squires could be tapped to run either Canadian Pacific or Norfolk Southern. Keith Creel, chief operating officer at Canadian Pacific, could be put in charge of the other railroad and Harrison would head up the parent company.

    Comment?

  10. Will Richmond Suffer if Norfolk Southern Railroad Merges?Read the original story w/Photo

    Nov 19, 2015 | Style Weekly

    What do recent exhibitions at the Virginia Museum of Fine Arts such as "The Art of the Flowers," "Forbidden City" and "Rodin" have in common? All were funded in part by Norfolk Southern Corp., a major Norfolk-based railroad that's always had a large presence in the Richmond area. But now, Norfolk Southern appears to be in a fight for its independence.

    Comment?

  11. Norfolk Southern Corp. Given Consensus Rating of "Hold" by BrokeragesRead the original story

    Nov 12, 2015 | AmericanBankingNews.com

    Shares of Norfolk Southern Corp. have earned an average rating of "Hold" from the twenty-two ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports . Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company.

    Comment?

  12. CP Rail's proposed takeover of NS would face scrutiny from shippers, U.S. and Canadian regulatorsRead the original story w/Photo

    Nov 12, 2015 | Brotherhood of Locomotive Engineers and Trainmen

    TORONTO - Canadian Pacific Railway Ltd.'s reported plan to create the largest railway in North America with an offer for Norfolk Southern Corp. would face a lengthy review process that could pit the company against shippers unlikely to welcome less competition.

    Comment?

  13. American adds two directors to its board, expands to 13Read the original story w/Photo

    Nov 11, 2015 | Dallas Morning News

    ... company, and previously was CEO of The Parking Spot. He also is a director of Jones Lang LaSalle and Norfolk Southern Corp., a trustee of Chicago's American CEO executive Doug Parker said Kronick and Nesbitt bring "unique perspectives shaped by ...

    Comment?

  14. CP Railway's proposed takeover of Norfolk Southern would face scrutinyRead the original story w/Photo

    Nov 11, 2015 | The Globe and Mail

    Canadian Pacific Railway Ltd.'s reported plan to create the largest railway in North America with an offer for Norfolk Southern Corp. would face a lengthy review process that could pit the company against shippers unlikely to welcome less competition. CP's takeover of Virginia-based Norfolk Southern would form a railway with more than 33,000 miles of track that reach the key ports of Vancouver, New York and New Jersey, in addition to the oil patch and the refineries in the Eastern United States.

    Comment?

  15. Benefiting the environment and business, Norfolk Southern increases...Read the original story w/Photo

    Nov 11, 2015 | Sys-Con Media

    ... and protect the state's Lowcountry. The agreement builds on a partnership established in 2008, when Norfolk Southern protected 12,488 acres at Brosnan Forest through a conservation easement granted to LLT - thought to be the largest ever given by a ...

    Comment?

  16. Possible talks of a merger involving NorfolkaRead the original story w/Photo

    Nov 11, 2015 | WVEC-TV Norfolk

    Possible talks of a merger involving Norfolk Southern There are concerns about a potential takeover of Norfolk Southern Corp. Check out this story on 13newsnow.com: http://on.wvec.com/1NKtzj5 Reports of talks between the Canadian-Pacific Railway and Norfolk Southern have not been confirmed, but our partners at The Virginan-Pilot asked local leaders what a merger would mean for the region.

    Comment?

  17. Video: Challenges for mergers in the rail industryRead the original story w/Photo

    Nov 11, 2015 | Globe and Mail

    Julie Piggott, the chief financial officer of Berkshire Hathaway's BNSF Railway says there may be regulatory challenges to further consolidation of major companies in the railroad industry. Her comments come a day after news reports that Canadian Pacific Railway was interested in taking over Norfolk Southern Corp. Julie Piggott, the chief financial officer of Berkshire Hathaway's BNSF Railway says there may be regulatory challenges to further consolidation of major companies in the railroad industry.

    Comment?

  18. Consolidation: Activist Investing DailyRead the original story w/Photo

    Nov 11, 2015 | Seeking Alpha

    ... cyclicality in its business. The Bill Ackman target, Canadian Pacific (NYSE: CP ), is looking to takeover Norfolk Southern Corp. (NYSE: NSC ). CP had looked into buying CSX (NYSE: CSX ) last year, but walked away given concerns that regulators ...

    Comment?

  19. Charles Payne - Can Rails Rally MarketRead the original story w/Photo

    Nov 11, 2015 | Townhall

    It was a difficult session for the market, but one group stood out in the middle of the session-railroads. Midday, shares of Norfolk Southern spiked along with all its rivals, including Canadian Pacific , which is said to be considering making a bid for its American counterpart.

    Comment?

  20. CP railway's merger faces challenging agencyRead the original story w/Photo

    Nov 11, 2015 | Salt Lake Tribune

    Canadian Pacific Railway's quest for a record merger depends on a blessing from the same U.S. agency that thwarted the last effort to build a transcontinental railroad. Chief Executive Hunter Harrison's target, people familiar with the matter said, is Norfolk Southern Corp., the No.

    Comment?