WEATHER ALERT
CSX profit falls 22% but investors focus on the direction the new CEO will take the railroad
Read full article: CSX profit falls 22% but investors focus on the direction the new CEO will take the railroadInvestors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad's new CEO might take it and the possibility of any strategic deals.
CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms
Read full article: CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger loomsCSX railroad replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs.