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TCI hedge fund posts biggest monthly loss in June

(Bloomberg News circulated the following story by Bomi Lim on July 14.) NEW YORK — The Children’s Investment Fund Management LLP, a London-based hedge fund, lost more than $1 billion in June, posting its biggest-ever monthly loss, the Financial Times reported....

Earnings preview: CSX seen meeting expectations

(The Associated Press circulated the following on July 14.) NEW YORK — CSX Corp. reports earnings for the second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The second quarter was a tumultuous...

Opinion: How to rein in the Imperial CEO

(The following column by Gary Wilson appeared on the Wall Street Journal website on July 9. Mr. Wilson is a director of Yahoo, a former director of Disney, and the chairman of Northwest Airlines. He is currently a shareholder-nominated candidate for the board of CSX...

CSX goes on the offensive in Mass.

(The following story by Eileen Kennedy appeared on the Worcester Business Journal website on July 7.) WORCESTER, Mass. — CSX Corp., which owns the nearly 23 miles of rail lines from Worcester to Boston, hasn’t had an easy go of it in the public sphere lately. That’s...

CSX train spills diesel in N.Y.

(The following story by Blaise Schweitzer appeared on The Daily Freeman website on July 6.) TOWN OF ULSTER, N.Y. — A messy fuel leak at the CSX yard off Ulster Avenue in the Town of Ulster had 25 members of Ulster Hose catching diesel fuel flowing from a damaged tank...

Justices back judge on dismissal of railroad asbestos suits

(The following story by Steve Korris appeared on the West Virginia Record website on July 3.) CHARLESTON, W.Va. — In a fireworks display two days before America’s birthday, the West Virginia Supreme Court of Appeals launched asbestos suits of more than 1,000...

Fears for disclosure rules after CSX finding

(The following story by Deborah Brewster appeared on the Financial Times website on July 2.) LONDON — Lawyers yesterday warned that a court ruling involving CSX, the US railroad operator at war with two hedge funds, would have significant implications for US...

STB orders CSXT to provide DuPont rate relief

(The following appeared on the Progressive Railroading website on July 1.) On June 30, the Surface Transportation Board (STB) announced it reached unanimous decisions ordering rate relief for the E.I. du Pont de Nemours and Co. in the three rate complaint cases filed...

Sector snap: Rate ruling seen hurting railroads

(The Associated Press circulated the following on July 1.) NEW YORK — A regulatory ruling that said CSX Corp. was charging “unreasonably high rail rates” to ship chemicals for DuPont Co. could hurt historically strong railroad pricing, a JPMorgan analyst...

CSX director Richardson exercises options

(The Associated Press circulated the following on June 30.) NEW YORK — A director of freight railroad company CSX Corp. exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC...