June 13, 2008 | CSX, Headlines
(Gatehouse News Service circulated the following story by Jay Pateakos on June 12.) BOSTON — With proposed talks between the state and CSX Corporation in purchasing land and tracks to extend the South Coast commuter rail stalled due to a liability issue, U.S. Rep....
June 13, 2008 | CSX, Headlines
(Reuters circulated the following on June 12.)) NEW YORK — CSX Corp. said on Thursday it negotiated with investment firm The Children’s Investment Fund Management (TCI) to resolve a proxy contest, but said it broke off negotiations once it became clear TCI was...
June 13, 2008 | CSX, Headlines
(The following appeared at CNBC.com on June 12.) CSX will take its case against the two hedge funds with which the company’s fighting a proxy battle to New York’s highest court, CEO Michael Ward announced on Mad Money Thursday. The decision comes just a day after a...
June 13, 2008 | CSX, Headlines
(Dow Jones Newswires circulated the following on June 12.) NEW YORK — A federal judge on Thursday denied a request by CSX Corp. (CSX) for an injunction pending appeal in a dispute with two hedge funds seeking to shake up CSX’s board. In a one-sentence order,...
June 13, 2008 | CSX, Headlines
(The following story by Wallace Witkowski appeared on the MarketWatch website on June 12.) SAN FRANCISCO — CSX Corp. urged shareholders on Thursday to consider whether board members nominated by hedge funds The Children’s Investment Fund and 3G Capital Partners...
June 12, 2008 | Commuter Rail, CSX, Headlines
(The following story by Priyanka Dayal appeared on the Telegram & Gazette website on June 12.) WASHINGTON, D.C. — Members of Congress have asked the Government Accountability Office, the investigative arm of Congress, to conduct a study on how much railroad...
June 12, 2008 | CSX, Headlines
(Reuters circulated the following on June 11.) HOUSTON — Prices for key U.S. coals rose sharply Wednesday, with one nearing $130 a short ton on the New York Mercantile Exchange. July CSX rail-delivered Central Appalachian coal soared $6 to $128 a short ton. July NYMEX...
June 12, 2008 | CSX, Headlines
(The Associated Press circulated the following on June 12.) NEW YORK — Shares of railroad operator CSX Corp. may trade actively Thursday after a federal judge’s ruling opened the doors to a proxy battle later this month. On Wednesday afternoon, the judge ruled...
June 12, 2008 | CSX, Headlines
(Reuters circulated the following story by Dane Hamilton on June 11.) NEW YORK — At least five major stockholders in CSX Corp. have thrown their support behind a dissident board slate at the railroad company, suggesting the campaign has a reasonable chance of success,...
June 12, 2008 | CSX, Headlines
(The following story by Floyd Norris appeared on the New York Times website on June 12.) NEW YORK — A federal judge ruled Wednesday that two hedge funds seeking to win a proxy fight at the CSX Corporation had violated securities laws by not disclosing their positions...
