NEW YORK - Shares of railroads lost more ground Monday after the House of Representatives rejected a $700 billion emergency rescue plan.
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.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
An international meeting has set new guidelines aimed at preventing tobacco companies from trying to influence national and global health policy....


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