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Daily Headlines
GE annual meeting interrupted by 99 Percent protesters
(Source: Reuters, April 25, 2012) DETROIT — Nearly 100 protesters affiliated with the "99 Percent" populist movement disrupted General Electric Co's annual shareholders' meeting on Wednesday in an attack on the largest U.S. conglomerate's low tax rate. The...
CEO pay is 380 times average worker’s
(Source: CNN, April 19, 2012) WASHINGTON, D.C. — Chief executives at some of the nation's largest companies earned an average of $12.9 million in total pay last year — 380 times more than a typical American worker, according to the AFL-CIO. Full story: CNN.com
Norfolk Southern reports first-quarter 2012 results
(Source: Norfolk Southern press release, April 24, 2012) NORFOLK, Va. — For the first quarter of 2012, Norfolk Southern Corporation reported net income of $410 million ($1.23 per diluted share), 26 percent higher than $325 million ($0.90 per diluted share) for the...
KCS reports best ever quarterly revenues; Also reports record first quarter carloads, operating income and operating ratio
(Source: Kansas City Southern press release (PDF), April 24, 2012) KANSAS CITY, Mo. — Kansas City, MO. Kansas City Southern (KCS) (NYSE:KSU) reported record first quarter 2012 revenues of $548 million. Overall, carload volumes were 7% higher than in first quarter...
Canadian Pacific announces first quarter 2012 results and record operating performance metrics
(Source: Canadian Pacific Railway press release, April 20, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced its first-quarter 2012 results today with reported net income of $142 million, an increase of $108 million, or 318%, from the same period in...
CN reports first quarter 2012 net income of $775 million
(Source: Canadian National press release, April 23, 2012) MONTREAL — CN today reported its financial and operating results for the first quarter ended March 31, 2012. First-quarter 2012 highlights: • Net income for the first quarter of 2012 was C$775 million, or...
Union Pacific reports record 2012 first quarter
(Source: Union Pacific press release, April 19, 2012) OMAHA, Neb. — Union Pacific Corporation today reported 2012 first quarter net income of $863 million, or $1.79 per diluted share, compared to $639 million, or $1.29 per diluted share, in the first quarter 2011....
CSX announces record first quarter 2012 results
(Source: CSX press release, April 17, 2012) JACKSONVILLE, Fla. – April 17, 2012 – CSX Corporation (NYSE: CSX) today announced first quarter net earnings of $449 million, or $0.43 per share, versus $395 million, or $0.35 per share, in the same period last year. This...
Norfolk Southern awards 10 college scholarships
(Source: Norfolk Southern press release, April 25, 2012) NORFOLK, Va. — Ten sons and daughters of employees are receiving college scholarships from Norfolk Southern Corporation under the company's annual scholarship program. Three are recipients of the National Merit...
McLuckie named Director of Teamsters Dept. of Federal Legislation and Regulation
(Source: International Brotherhood of Teamsters press release, April 25, 2012) WASHINGTON, D.C. — Teamsters General President Jim Hoffa announced the appointment of Fred McLuckie to director of the union’s Department of Federal Legislation and Regulation today....
