Friday, 22 June, 2018

CSX CEO Harrison dies days after medical leave announced

Chief Executive Hunter Harrison Bloomberg | Getty Images Chief Executive Hunter Harrison
Velma Reese | 18 December, 2017, 23:08

Widely regarded as one of the most influential North American railroaders in recent years, Harrison forged a long career at Illinois Central and Canadian National before being coaxed out of retirement in 2012 to turn around Canadian Pacific Railway at the behest of activist shareholders.

CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive hired earlier this year to boost its profits had taken a medical leave of absence.

Harrison's death, announced on Saturday, came just eight months into his dramatic restructuring campaign created to boost profits and streamline operations through cost cuts and operational changes.

Harrison joined CSX in March this year to replace former CEO Michael Ward, who had been head of the company since 2003.

In a December 14 letter to CSX President and Chief Executive Officer E. Hunter Harrison, the board asked for a report on the company's progress since the STB held a "public listening session" in October to hear from shippers and stakeholders that have complained about CSX's service problems.

Peter Jackson Introduces New Epic Saga in Mortal Engines Teaser
Lord of the Rings director Peter Jackson is back with a new "epic saga" set in a dystopian future, called Mortal Engines . As part of the contract, the movie will be used to promote New Zealand's screen and education interests, Variety reported.

Acting CSX Corp Chief Executive Officer James Foote said on Friday he would run the No. 3 US railroad in same manner as Hunter Harrison while its famed top executive is on medical leave due to an unspecified illness.

CSX investors cheered Harrison's performance, sending shares up about 60 per cent in this year through December 14, hours before his medical leave was disclosed. Jim Foote was named acting CEO. "It will be an important call for them to update the market on current operating trends and to provide 2018 guidance".

In November, Harrison stopped short of laying out a succession plan for the company but said he was "trying to stay back a little bit" to give his management team space to steer through a major operations overhaul.

Foote's hiring was announced in late October following the resignations of Chief Operating Officer Cindy Sanborn and Chief Marketing Officer Fredrik Eliasson.

The company's shares were marginally down at $52.58.

Recommended

China's Nio Unveils Car At Half The Price Of Tesla Model X China's Nio Unveils Car At Half The Price Of Tesla Model X Nio plans to build over 1,100 "Power Swap" charging stations and deploy over 1,200 "Power Mobile" vehicles by 2020, it added. Nio also said that a battery rental plan is available to ES8 customers, with a rental subscription of 1,280 yuan per month.

Nicki Minaj blasted as 'racist' for calling out whitewashing of hip-hop Nicki Minaj blasted as 'racist' for calling out whitewashing of hip-hop White people want white people who do black things- greeneyedrish (@rish2028) December 17, 2017 @NICKIMINAJ was right. Sensitive a*s ig thugs. "I went to the iTunes Jazz page and I was like, 'Oh!' It hit me", he says in the interview.

North Korea leader will compromise nuclear ambitions next year North Korea leader will compromise nuclear ambitions next year Leveraging diplomatic credentials, North Korean procurement agents were able to operate openly in China. Secretary of State Rex Tillerson declared: "We will never accept a nuclear North Korea".

Airtel directed to provisionally suspend Aadhaar-related e-KYC verification Airtel directed to provisionally suspend Aadhaar-related e-KYC verification Violations are liable to be punished with penalty of Rs 1 lakh per day and termination of the said authentication user agreements.

Atlanta Falcons vs Tampa Bay Buccaneers Atlanta Falcons vs Tampa Bay Buccaneers The Atlanta Falcons (8-5) visit the Tampa Bay Buccaneers (4-9) in an NFC South battle at 8:30 tonight on Monday Night Football . Here's everything you need to know to watch the game, or follow along as we bring you the latest score, live updates and more.

TD Ameritrade to start bitcoin futures trading on Monday TD Ameritrade to start bitcoin futures trading on Monday The introduction of bitcoin futures on the Chicago Mercantile Exchange over the weekend may help, but it will take time. The price of Cboe's product is derived from the cryptocurrency's price at a single exchange; CME's is based off four.

Senators urge Al Franken to withdraw resignation Senators urge Al Franken to withdraw resignation Franken, Minnesota Democrat, to resign after allegations he forcibly kissed or groped several women became public. I say, Al, I'm sorry, you have faults that you've never recognized and these ladies have brought this forward.

Google updates guidelines to purge news that hide country of origin Google updates guidelines to purge news that hide country of origin The company also targeted the advertisements and paid promotional material saying that these should not exceed the content. Google has already taken up many steps to enhance the readability of its news readers.

Twitter 'purge' bans numerous white nationalists, including one recently retweeted by Trump Twitter 'purge' bans numerous white nationalists, including one recently retweeted by Trump Twitter's stock is up 8% after the company began purging accounts that push racist and other hate speech. Twitter declined to comment, though it has a regular policy of not commenting on specific accounts.

Amtrak train derails, dangles over interstate in Washington Amtrak train derails, dangles over interstate in Washington Chair of Pierce Transit's advisory board Chris Karnes, who was on board the train, said on Twitter, "people are hurt". The crash occurred around 07:30 (15:30 GMT), about 45 minutes into train 501's journey between Portland and Seattle .

Deutsche Bank Analysts Give Snyder's-Lance (LNCE) a $50.00 Price Target Deutsche Bank Analysts Give Snyder's-Lance (LNCE) a $50.00 Price Target Finally, Capital Fund Management S.A. purchased a new position in Snyder's-Lance during the 2nd quarter valued at about $897,000. The company reported $0.33 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.35 by ($0.02).

Every Xbox One X Purchase Gets A Free PUBG Copy Every Xbox One X Purchase Gets A Free PUBG Copy Nevertheless, this also seems to prove that millions of gamers are looking for something new in the multiplayer arena. Also of interest are some Xbox-exclusive cosmetic packs, which will be available to download for a limited time.

Sony Xperia XZ2 specs leaked - new Snapdragon 845 phone incoming? Sony Xperia XZ2 specs leaked - new Snapdragon 845 phone incoming? Sony is probably sticking with the same conventional bezel design that were in its early flagships instead of the thin-bezels. The handset is rumoured to feature a 5.48-inch Full HD display which is a bit larger than the 5.2-inch of the Xperia XZ1.

Sir Ian McKellen Willing to Reprise Gandalf in Amazon Series Sir Ian McKellen Willing to Reprise Gandalf in Amazon Series While McKellen may be ready to make the jump to television, his LOTR co-star Andy Serkis reportedly isn't. "I feel like I've been part of Middle-Earth for a long period of time in my life and it was a great experience, but I can't foresee that".

Lukaku's love for West Brom behind muted celebration - Mourinho Lukaku's love for West Brom behind muted celebration - Mourinho Louis van Gaal will only be tempted back into management by a big club in the Premier League - "just to spite Manchester United ". They did not really get close to Klopp's players, and most of the time there was no spark when they were on the ball either.