June 27, 2008 | CSX, Headlines
(Reported in Forbes.com by Susan Kitchens on June 26, 2008) Big corporations are on the defensive against activist shareholders due to the bitter, and ongoing, proxy battle between railroad concern CSX and hedge fund The Children’s Investment Fund. CSX...
June 26, 2008 | CSX, Headlines
(CSX issued the following on June 25.) JACKSONVILLE, Fla. — On June 24, 2008, the Board of Directors of CSX Corporation (NYSE: CSX) approved a 22 percent increase in the quarterly dividend on the company’s common stock to $0.22 per share. The dividend is payable...
June 26, 2008 | CSX, Headlines
(Reuters circulated the following on June 25.) NEW ORLEANS — U.S. railroad CSX Corp. said results of a Wednesday shareholder vote on a slate of five dissident directors will be announced in July as two activist funds claimed they won at least two seats and cried foul...
June 26, 2008 | CSX, Headlines
(Bloomberg News circulated the following story by Angela Greiling Keane and Mike Ramsey on June 25.) NEW YORK — CSX Corp.’s proxy fight with two hedge funds spilled past the end of the voting, as the railroad called the tally “too close to call”...
June 26, 2008 | CSX, Headlines
(The following story by Michael J. de la Merced appeared on the New York Times website on June 26.) NEW ORLEANS — A battle over the future of one of the nation’s largest railroads was joined here Wednesday in a rail yard on the outskirts of town. For more than four...
June 25, 2008 | CSX, Headlines
(The following story by Peter Bacque appeared on the Richmond Times-Dispatch website on June 25.) RICHMOND, Va. — Just how an acrimonious stockholder battle over seats on CSX’s board of directors might effect Virginians is unknown, experts and officials say....
June 25, 2008 | CSX, Headlines
(Bloomberg News circulated the following story by Angela Greiling Keane on June 24.) NEW YORK — CSX Corp., under pressure from its two biggest hedge-fund investors to change the company’s board and increase profit, may raise freight rates and buy back more stock...
June 25, 2008 | CSX, Headlines
(The Associated Press circulated the following story by Alan Sayre on June 24.) NEW ORLEANS — CSX Corp. stockholders meet Wednesday in New Orleans amid a fight between the freight railroad company and dissident shareholders who want to put their own slate of five...
June 24, 2008 | CSX, Headlines
(Bloomberg News circulated the following story by Angela Greiling Keane on June 24.) NEW YORK — CSX Corp., under pressure from its two biggest hedge-fund investors to change the company’s board and increase profit, may raise freight rates and buy back more stock...
June 24, 2008 | CSX, Headlines
(The following story by Robert Wright appeared on The Financial Times website on June 23.) LONDON — The two rail systems that wind through the grim industrial landscape of northern New Jersey are outwardly hard to distinguish – except by the different liveries of the...
