June 24, 2008 | CSX, Headlines
(The following story by Robert Wright appeared on The Financial Times website on June 23.) LONDON — The chief executive of the US rail company facing a crucial showdown with investors this week has admitted that the company underperformed for many years but insisted...
June 23, 2008 | CSX, Headlines
(Dow Jones circulated the following story by Chad Bray on June 20.) NEW YORK — A federal appeals court on Friday denied a request by CSX Corp. (CSX) to temporarily put to the side a little more than 6% of its shares held by two hedge funds in a proxy fight over its...
June 20, 2008 | CSX, Headlines
(The following story by Jennifer Feehan appeared on the Toledo Blade website on June 20.) BOWLING GREEN, Ohio — He doesn’t know how much or how soon, but Wood County Engineer Ray Huber is certain the CSX Transportation rail terminal planned just west of North...
June 20, 2008 | CSX, Headlines
(The Associated Press circulated the following on June 19.) JOHNSTOWN, Pa. — Four empty coal cars from a CSX train derailed in Johnstown, damaging a business and destroying a pickup truck, but no one was injured, officials said. Freight cars from the train headed from...
June 19, 2008 | CSX, Headlines
(The following story by Tom Palmer appeared on the Lakeland Ledger website on June 19.) BARTOW, Fla. — Polk County commissioners voted 4-1 Wednesday to endorse a list of 20 suggested conditions for the proposed CSX rail freight terminal in Winter Haven. The...
June 19, 2008 | CSX, Headlines
(The following story by Ron Orol appeared on The Deal website on June 18.) NEW YORK — A battle over whether some activist hedge fund managers will be able to continue to sneak up on certain target corporations is being waged in the courts, the Securities and Exchange...
June 19, 2008 | CSX, Headlines
(The following story by Stephen Foley appeared on The Independent website on June 18.) LONDON — “Some people deliberately go close to the line dividing legal from illegal if they see a sufficient opportunity for profit in doing so. A few cross that line.”...
June 19, 2008 | CSX, Headlines
(The following story by Susan Kitchens appeared at Forbes.com on June 18.) NEW YORK — Two dissident shareholders that have been giving CSX a hard time just got a leg-up in their impending proxy fight. Late Tuesday, Children’s Investment Fund and 3G Capital Partners...
June 19, 2008 | CSX, Headlines
(Reuters circulated the following on June 18.) NEW YORK — CSX Corp. Wednesday criticized a major proxy group’s advice to vote in favor of four board nominees backed by a dissident shareholders’ group, the latest blast in one of the most hotly contested...
June 19, 2008 | CSX, Headlines
(The following story by Susan Kitchens appeared at Forbes.com on June 18.) NEW YORK — The grown-ups are siding with the children. Children’s Investment Fund and its ally 3G Capital Partners have acquired a valuable backer in their bid to gain influence over...
