Railroads

Railroads this morning are seeing strong gains across the board. CSX Corp. (NYSE: CSX) is up $1.57, or 3.64%, to $44.65; Union Pacific Co. (NYSE: UNP) is higher by $1.72, or 2.78%, to $63.43; Norfolk Souther Corp. (NYSE: NSC) is up $1.57, or 3.34%, to $48.56; and Kansas City Southern (NYSE: KSU) is...

Analysts at RBC Capital Markets have released an update on Genesee & Wyoming, Inc. (NYSE: GWR). The company has reported results for the fourth-quarter. The company reported EPS of $0.40 for the quarter, which excludes $0.01 gain on sale of assets, and $0.03 tax benefit. The results came in...

Ingersoll-Rand (NYSE: IR) has been upgraded by Morgan Stanley from “underweight” to “equal weight.” IR’s last close was at $32.88, while its 52-week range is $11.46 - $37.86. Analysts at CL King upgraded ADC Telecomm (NASDAQ: ADCT) from “accumulate” to “strong buy.” ADCT’s stock has jumped 52.84%...

Expansions and acquisitions are fueling an increase in bond sales in the US in a manner not seen in over a decade. Kraft Foods Inc (NYSE: KFT) raised $9.5 billion in bond sales to finance its purchase of Cadbury Plc (NYSE: CBY) while Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) financed...

Standard & Poor’s has dropped its AAA rating on Berkshire Hathaway (NYSE: BRK.A) and its core subsidiaries. Berkshire now has AA+ rating. According to CNBC, S&P has lowered the rating due to the planned acquisition of Burlington Northern Santa Fe (NYSE: BNI) by Berkshire. S&P has...

Berkshire Hathaway (NYSE: BRK.A) will sell $8 billion in debt to generate funds for the purchase of Burlington Northern Santa Fe (NYSE: BNI). The offering, expected to be priced later today, would be more than double the size of Berkshire's largest investment-grade bond. According to unidentified...

Fresh off his "Morningstar Manager of the Decade", we have some update's on the moves of the very schrewd Bruce Berkowitz in relation to his Fairholme Fund (FAIRX).  The biggest change is his massive stake in Pfizer (PFE) has been cut back severely; since the data is as of Nov 30th it looks like he...

Norfolk Southern Corp (NYSE: NSC), the nation's fourth largest railroad, posted a quarterly profit decline of 32% on Wednesday that was worse than Wall Street expected. The company posted a profit of $307 million, or 82 cents per share. Analysts had forecast earnings of 84 cents per share. Norfolk...

• After the close, Yahoo (NASDAQ:YHOO) reported earnings of 15 cents for the quarter, 4 penny ahead of Zacks estimates, on revenues of $1.26 billion, which bettered Zacks estimates of $1.23 billion. For the current quarter, the firm expects sales of $1.575-$1.675 billion, and income of $90-$100...

Warren Buffett owned Berkshire Hathaway Inc. (NYSE: BRK.A) stock jumped by $5.80 after being chosen to be part of the Standard & Poor’s 500 Index. The stock had been split last week 50-for-1. This had brought the stock price to lower than $75, making it much more affordable to a larger...

Standard & Poor's made an announcement late today that Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will replace Burlington Northern Santa Fe Corp. (NYSE: BNI) in the S&P 500 index (Nasdaq: SPX). The change will occur when the conglomerate holding company, led by chairman and CEO...

Before you ask, no the headline is not sensationalist.  While one can question the long term effects of all the treasure China is throwing at their economy, [Feb 16 2009: Is China Pulling an Alan Greenspan?] [May 27, 2009: How is China Spending Their Stimulus? ... and How Many Loans will go Bad?] ...

Omaha, Nebraska-based rail giant Union Pacific Corp (NYSE: UNP) reported a 17% drop in its fourth-quarter net income, affected by waning shipping demand. The company managed to exceed the consensus expectations. UNP’s bottom line slumped to $551 million, or $1.08 a share, down from $661 million, or...

• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...