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Apratim Sarkar

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Articles

Federal regulator pauses review of Union Pacific, Norfolk Southern's $85B merger

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By Aishwarya Jain Verified, Apratim Sarkar
| Kansas City Star Verified
The U.S. Surface Transportation Board said on Thursday it has paused the review of railroad operators Union Pacific and Norfolk Southern’s $85 billion merger application, while it seeks more information from the companies. Shares of Union Pacific fell 4.2% in morning trading, while those of Norfolk were down 5.4%.
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Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

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By Apratim Sarkar
| StreetInsider
FILE PHOTO: The Whirlpool logo is seen at the company's plant in Apodaca, Monterrey, Mexico January 27, 2017. REUTERS/Daniel Becerril/File Photo May 7 (Reuters) - Whirlpool ​shares ​plunged to their lowest in more than 14 years on Thursday, after the home appliance maker slashed its full-year profit forecast ‌by half and suspended dividend.
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Norfolk Southern warns fuel costs will pressure coming quarters

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By Apratim Sarkar
| WHTC-AM (Holland , MI) Verified
By Apratim Sarkar April 24 (Reuters) – Norfolk Southern said on Friday that surging fuel prices will continue to pressure earnings in the coming quarters after higher fuel costs weighed ​on margins and pushed first-quarter profit lower. Fuel prices have ‌climbed sharply in the wake of the U.S.-Israeli war on Iran, adding pressure to margins across energy-intensive sectors including transportation and logistics.
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