Log in to your IBTimes Account

close
ID
Password

Railroads sink after House rejects bailout



By AP
29 September 2008 @ 03:11 pm EST

NEW YORK - Shares of railroads lost more ground Monday after the House of Representatives rejected a $700 billion emergency rescue plan.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
UNP 47.5 -1.62
BNI 73.29 1.31
CSX 33.7 1.93
NSC 45.68 2.39
KSU 18.31 0.81
CP 28.64 0.36
CNI 32.95 0.94

SYMBOL LOOKUP

The Dow Jones industrial average fell as much as 705 points after the announcement. The vote was expected to be close, but widely expected to pass.

Railroad stocks have been falling recently as investors react to sluggish volumes and infrastructure damage from hurricanes along the Gulf Coast.

In afternoon trading, Union Pacific Corp. fell $4.29, or 5.9 percent, to $68.98 and Burlington Northern Santa Fe Corp. lost $6.78, or 6.9 percent, to $91.56.

CSX Corp. fell $2.08, or 3.7 percent, to $54.31.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Daimler AG, the maker of Mercedes Benz cars, has paid its dealerships euro53 million ($66.3 million) for losses and offered up another euro10 million ($1...
Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market ...
Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses...

Advertisement
Reach emerging Latin American markets!

Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish

Buy Foreclosures & Use Our Money

Split Big Profits! You Find it & We Fund it! Co-Own Or Cash Out! Get Free Info Kit Now!

Los angeles web design

Get your next web design project done with our los angeles web design team - Best web design with great price.

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives