CSX's profit declined 4% in the third quarter, but tight cost controls helped the railroad weather a 5% decline in volume.
The Jacksonville, Florida, based railroad said it earned $856...
OMAHA, Neb. (AP) — Union Pacific expects to haul less freight in the second half of the year than it previously predicted, which isn't a good sign for the economy.
NORFOLK, Va. (AP) — Norfolk Southern Corp.'s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping...
MEMPHIS, Tenn. (AP) — FedEx Corp. reported lower profit Tuesday as its ground-shipping unit struggled with higher costs, and the company cut its forecast of full-year earnings.
OMAHA, Neb. (AP) — The economy appears to be going strong for the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business.
Union Pacific, Norfolk Southern and CSX railroads all sounded optimistic about the economy when they reported hauling 3 percent more carloads of freight in the fourth quarter.
OMAHA, Neb. (AP) — Union Pacific delivered strong fourth-quarter results because the railroad delivered 3 percent more freight and increased prices.
The railroad reported Thursday it had net income of $1.55 billion, or $2.12 per share. That's 6 cents better than expected, according to a survey by Zacks Investment Research. It's also 29 percent better than last year's adjusted income of $1.2 billion, or $1.53 per share
Regardless of how midterm elections turn out, Wall Street usually ends up a big winner.
The S&P 500, the stock market's benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That's 18 elections, many of which ended up shuffling the balance of power in Congress.
"It turns out that under every political makeup in Washington, stocks have gone up and the economy has grown," said Kate Warne, an investment strategist for Edward Jones.
NEW YORK (AP) — U.S. stocks hardly moved Friday as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way.
Stocks rose in early trading after the Federal Reserve said production of cars and energy jumped in August. The Commerce Department said sales by retailers grew only slightly in August after a big gain in July.
It's back-to-school time and let's face it — education can be expensive.
The College Board reports that the average cost of in-state tuition, fees, room and board at a public four-year college in the U.S. was $20,770 last year. And that's just a starting point — out-of-state tuition, private universities or graduate school can greatly increase that bill.
PEQUANNOCK TOWNSHIP, N.J. (AP) — When Jones Hardware vanishes in September a piece of the township's history will disappear with it.
The family-run business, with roots that connect three generations through 89 years, will sell its last screwdriver sometime in August.
A Chase Bank branch will take its place.
"It's time to move on," 66-year-old owner Robbie Jones said between serving customers Tuesday.
ST. LOUIS (AP) — A jury in St. Louis on Tuesday ordered the NFL's Rams to pay former running back Reggie Bush $12.5 million for a severe knee injury he suffered in 2015, the team's final season in St. Louis before moving to Los Angeles.
ST. LOUIS (AP) — Former NFL running back Reggie Bush alleges that dangerous conditions at a St. Louis stadium led to a season-ending injury in a case that could leave the city on the hook for damages, even though the Rams are long gone.
PORTLAND, Ore. (AP) — The Oregon Court of Appeals said Wednesday that a new trial is necessary for a man who contends his use of a racial slur during an interview with police detectives should not have been heard by jurors.
Wayne Roberts, 53, was convicted of first-degree assault three years ago after prosecutors said he stabbed and critically injured another man at a light-rail platform in Gresham. Roberts said he acted in self-defense.
DALLAS (AP) — Benefits from the recent tax law drove quarterly profit sharply higher at FedEx, which also got a boost from strong performance in its ground-shipping business during the peak holiday gift-shipping season.
The delivery company raised its forecast for earnings in the fiscal year that ends in May.
DALLAS (AP) — Exxon and Chevron are earning billions and benefiting from the new tax law, but profits are falling short of expectations that were based on rising oil prices.
The shares of both companies fell in afternoon trading Friday.
Both U.S. oil giants were expected to get a boost from crude prices, which rose sharply in the fourth quarter.
Exxon's production fell, however, by 3 percent from a year earlier, to about 4 million barrels of oil a day.
Higher spending across the board drove Johnson & Johnson's third-quarter profit down 12 percent, despite a big sales jump fueled by recent acquisitions, hot new cancer drugs and strong sales of other key medicines.
However, the health care giant easily topped Wall Street expectations. With momentum in product sales across all three business segments, the Band-Aid maker boosted its financial forecast for the third time this year.
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