Tag: Rail Freight Transport
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CSX shares come off the rails while Peloton goes up a gear, and other early Friday movers
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Digital World Acquisition Corp. DWAC, -2.05%, the special purpose acquisition company (SPAC) looking to take Donald Trump’s Truth Social media company public, soared 20% in premarket trades after the SPAC reached a settlement with the Securities and Exchange Commission over fraud charges. RedHill Biopharma…
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Norfolk Southern reaches deal with another union on paid sick leave
[ad_1] Norfolk Southern NSC, +0.55% said Thursday it reached an agreement on providing paid sick leave with a union representing more than 3,300 of its employees. The Brotherhood of Locomotive Engineers and Trainmen’s members will get up to seven paid sick days per year, according to a statement. It provides them with an additional five…
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George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla
[ad_1] George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The…