Pacific Biosciences Of Calif

Union Pacific's Big Boy Tour Draws 117,000, But 14.8% Merger Spread Signals Investor Caution

Union Pacific's Big Boy 4014 drew 117,000 visitors in Pennsylvania, but the 14.8% merger spread with Norfolk Southern indicates investor doubt about the deal's closure.

Analysis Jul 12

Union Pacific's Big Boy Tour Highlights Merger Amid 12.9% Arbitrage Spread

Union Pacific's Big Boy 4014 steam locomotive draws crowds in Pennsylvania, highlighting the $85 billion merger with Norfolk Southern as investors eye a 12.9% discount to the deal's implied value.

Markets Jul 11

Stealth Bomber Fires Anti-Ship Missile in Pacific Test; Investor Focus on Lockheed, Northrop

The B-2 Spirit bomber fired a Lockheed Martin AGM-158C LRASM in a Pacific sinking drill, the first public integration of the stealth bomber with the missile. The Navy seeks $531.4 million for 120 LRASMs in FY2026.

Markets Jun 30

STB Pauses $85B Rail Merger, Demands More Data from Union Pacific and Norfolk Southern

The STB accepted Union Pacific and Norfolk Southern's revised merger filing but paused the case, demanding more information by July 27. Shares fell 4.2% and 5.4%.

Markets May 29

Union Pacific Warns It May Walk Away From $85 Billion Norfolk Southern Deal Amid Regulatory Hurdles

Union Pacific may drop its $85 billion Norfolk Southern merger if regulators require major line sales or trackage rights. The STB is reviewing the revised application.

Regulation May 4

Berkshire Shares Stabilize After Sharp Drop on Earnings, PacifiCorp Risk

Berkshire Hathaway's stock found footing in early trading Tuesday after a significant selloff, as investors digest a 30% drop in operating profit and rising legal liabilities at utility subsidiary PacifiCorp.

Earnings Mar 3

Berkshire Shares Stabilize After Sharp Drop on Earnings, PacifiCorp Risk

Berkshire Hathaway's stock found footing in early trading Tuesday, following a steep decline after quarterly operating profit fell 30% and S&P Global flagged a potential junk downgrade for utility subsidiary PacifiCorp.

Earnings Mar 3

ICG Shares Dip Amid Asia-Pacific Leadership Appointment

ICG plc shares declined 1.1% in London trading following the appointment of a new Asia-Pacific corporate strategy head. The alternative asset manager reported $127 billion in assets under management.

Markets Feb 10