Tag Archives: csx


CSX, hedge fund fight in Congress; troubled fund backs off activism

Florida Times-Union – CSX Corp.’s proxy fight with two hedge funds ended in September with four nominees from The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. winning election to CSX’s board. But even though the fight is […]

CSX says $11M shareholder settlement approved

Forbes – CSX Corp. said a New York Federal Court has approved a settlement in which the railroad operator will be paid $11 million by two activist shareholder hedge funds over alleged securities law violations. CSX said late Friday it […]

The Greenbrier needs to compete

Charleston Daily Mail – The Greenbrier has been a powerful asset to West Virginia since before the state was a state. Its corporate parent today, Florida-based CSX Corp., recently announced that it has hired Goldman Sachs to make the resort […]

GM, Chrysler considering bankruptcy to get bailout: report

Reuters – General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. In response to automakers’ bailout […]

Congress to Hear Automakers Amended Rescue Plan Today

New York (HedgeCo.Net) – Board members of General Motors met this past weekend to go over a proposal that will be presented to Congress today in hopes of securing up to $12 billion in emergency funding.  The money is part […]

Obama adviser lobbied to protect Fannie

The Washington Times – A transition adviser to President-elect Barack Obama earned millions of dollars overseeing an office that led a lobbying effort to prevent increased oversight of mortgage giant Fannie Mae, the company at the heart of the ongoing […]

BIO Congratulates President-Elect Obama on His Presidential Election Victory

West Palm Beach (HedgeCo.net) – The following statement was issued by Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood following the U.S. elections: "On behalf of the more than 1,200 members of the Biotechnology Industry Organization, I offer our […]

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