(Reuters) - CSX Corp’s stock stabilized on Monday in a sign of confidence that acting Chief Executive Officer Jim Foote can steer the No. 3 U.S. railroad in the short-term, following the sudden death of the firm’s CEO on Saturday. However, …
CSX Corporation’s CSX board of directors has announced a 10% dividend hike. Additionally, the company increased the existing share repurchase program to $5 billion. This move indicates the company’s commitment to create value for …
JACKSONVILLE, Fla. (AP) — Shares of CSX slid Friday after the railroad said CEO Hunter Harrison will take a medical leave "due to unexpected complications from a recent illness." Chief Operating Officer James Foote will serve as acting …
In April, the Associated Press reported that new CSX CEO Hunter Harrison had invested more than $15 million in the railroad's stock. Harrison said in documents filed with the Securities and Exchange Commission that he bought …
CSX’s stock has risen slightly this week despite Saturday's death of the man who had been hired to bring the railroad new profitability. Though the stock fell Friday with news of his illness, it closed at $55.41 on Wednesday. Hunter Harrison’s …
At the end of 2007, the Children’s Investment Fund, known in court papers as T.C.I., and 3G Capital Partners, another hedge fund, announced that they owned just under 9 percent of CSX’s stock as well as cash-settled derivatives equal …
NEW YORK, April 20 (Reuters) - Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job …
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Foote said he did not expect the disruptions this year and that some of the customers CSX had lost were already returning. The company's stock, which hit a record high in regular trading before closing down 1.9 percent, dropped a …
Mantle Ridge has said it owns about 4.9 percent of CSX's stock. Last week, CSX said Harrison's proposed pay package was estimated to be $300 million and said Mantle Ridge was seeking substantial representation on the company's …