"Mad Money" host Jim Cramer reveals which oil plays could be worth eyeing. Cramer also hears from the CEOs of Rent the Runway, Union Pacific and Micron. In Cramer's lightning round, he explains why investors should steer clear of housing stocks. Lightning round: Don't take shelter in the housing stocks In Cramer's lightning round, he…
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General Electric confirmed it will merge its transportation business with Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, while Wabtec shareholders will own the rest, the companies said in a statement. Pared back…
* Unloads parts of transportations unit in $11.1 bln deal * GE to receive $2.9 bln cash upfront * Resulting company to generate $8 bln in revenues * GE, shareholders to have 50.1 pct stake in merged firm (Adds details on the deal, Breakingviews link, updates shares) May 21 (Reuters) - General Electric Co announced…
Rail News Home Federal Legislation & Regulation 5/18/2018 Rail News: Federal Legislation & Regulation Canada commits federal funding for freight-rail projects in British Columbia Canadian Transport Minister Marc Garneau Photo – Transport Canada The Canadian government this week announced federal funding for several projects at the Port of Vancouver and Ashcroft Terminal in British Columbia…
Rail News Home Federal Legislation & Regulation 5/18/2018 Rail News: Federal Legislation & Regulation FTA: Minneapolis' amended Southwest light-rail project meets environmental regs The extension would connect major activity centers in the region. Photo – Eric Wheeler, Metro Transit The Federal Transit Administration (FTA) has determined that the Metropolitan Council's proposed changes to the Southwest…
Rail News Home Federal Legislation & Regulation 5/18/2018 Rail News: Federal Legislation & Regulation CN fined for renewable fuels violation CN has pleaded guilty to violating the Canadian Environmental Protection Act and will pay a CA$25,000 fine as well as a CA$1.1 million sum to promote environmental protection, according to a government press release.The violation…
The unit was rolled off a truck and moved inside the streetcar system's operations and maintenance facility. Photo – thehopmke.com The city of Milwaukee earlier this week took delivery of its second streetcar vehicle from Brookville Equipment Corp. The 83,000-pound vehicle traveled via truck from the company's plant in Brookville, Pennsylvania, to Milwaukee. The unit…
Rail News Home Federal Legislation & Regulation 5/16/2018 Rail News: Federal Legislation & Regulation FRA announces $250 million in PTC grants "The FRA will continue to work with railroads and suppliers to assist in fully implementing PTC," said Federal Railroad Administrator Ronald Batory. Photo – fra.dot.gov The Federal Railroad Administration (FRA) yesterday issued a notice of funding opportunity…
(Adds background, details from Transport Minister) LONDON, May 16 (Reuters) - The British government is renationalising the rail route between London and Edinburgh, taking back the line from private operator Stagecoach after the company over-estimated the profits it could make on the route. It is the third time since 2007 that the 393-mile (632 km)…