CSX CEO and president Joseph Hinrichs is out at the Class I railroad weeks after an activist investor called on the company to either change leadership or consider a merger. The railroad’s board of directors named Steve Angel its new president and CEO, effective Sunday. More from Sourcing Journal Angel, like Hinrichs, was hired from outside the railroad industry, most recently serving as CEO of industrial gas and equipment provider Linde. CSX’s new chief exec has some industry background, having worked d ...

This is turning into the year of the mega deal for Wall Street bankers. Thus far companies have announced 49 global M&A transactions valued at more than $10 billion, according to Mergermarket, the highest such count for so-called "mega deals" through the first nine months of any year ever. These transactions include the $55 billion leveraged buyout of Electronic Arts (EA) announced Monday, Union Pacific's (UNP) $85 billion merger with rival railroad Norfolk Southern (NSC) in July and Google's (GOOG) $32 ...

29 September 2025 | 9:24AM EDT Equity Research US Tariff Impact Tracker: Negative Sequential Trends Seemingly to Persist Early-October US Tariff Impact Tracker – this past week, laden vessels from China to USA were down sequentially (-6% WoW) and remained down on a YoY basis (-2% YoY). Data suggests early October is shaping up to be mostly down sequentially based on Port of LA data (down next week and week after), following 2H-August and September reads that were generally weak – continuing the uncertain tr ...

U.S. equity markets presented a mixed but generally positive picture on Monday, September 29, 2025, as investors navigated a landscape dominated by a looming government shutdown, a rebound in technology stocks, and key corporate announcements. Major indexes largely closed higher, clawing back some losses from the previous week, even as the specter of a federal funding lapse cast a shadow over Washington.Today's Market Performance RecapThe trading day saw a rebound across the board for the primary U.S. stock ...

Key TakeawaysOpenAI and Stripe have launched "Instant Checkout" in ChatGPT, allowing U.S. users to purchase products directly from Etsy (ETSY) and soon Shopify (SHOP) merchants, signaling a major shift in AI-driven e-commerce and boosting shares of integrated platforms.CSX Corporation (CSX) appointed Steve Angel as its new President and CEO, effective September 28, 2025, amidst activist investor pressure, with the company maintaining its full-year volume growth expectations.The U.S. will impose 100% tariffs ...

公司管理层变动 - CSX铁路公司宣布更换首席执行官 距离投资基金提出合并建议不到两个月 [1] 行业竞争格局 - 投资基金曾敦促公司寻求与其他铁路公司合并 以更好地与拟议的运输联盟竞争 [1]

CSX Corp. named Steve Angel its new chief executive officer (CEO) on Monday after the abrupt departure of the railroad company's former CEO, Joe Hinrichs.However, the company did not specify the reason behind Hinrichs’ sudden exit. According to a company statement, Angel, the former head of Linde Plc and Praxair Inc., took over as the CEO and joined the board effective September 28.Competitive and investor challengesThe leadership overhaul comes as the company faces significant pressure from an activist inv ...

CSX (CSX) railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific (UNP) railroad or fire outgoing CEO Joe Hinrichs. The outgoing CEO, who came to the railroad in 2022 after a long career with Ford, focused on repairing CSX's relationship with its workers and labor unions and unifying the team after a bitter contract fight. But Ancora Holding ...

Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off the week in positive territory. Investors are looking ahead to a busy week of data and Fed speak. Key events include Tuesday's Jolt report, which is expected to show a decline in job openings, and Friday's non-farm payroll sprint, but the latter report could be delayed if the government shuts down.And speaking of which, the clock is ticking ...

A rush of big, bold mergers and acquisitions is lifting dealmakers in an otherwise slower-than-expected market for getting transactions off the ground.Global deal values have topped $1 trillion in a third quarter for only the second time on record, according to data compiled by Bloomberg, thanks to transactions like Monday’s roughly $55 billion take-private of video game maker Electronic Arts Inc. by a consortium including Silver Lake Management. It means values are now up 27% at around $3 trillion for the ...