Global Markets: CSX stock falls following CEO’s death

By Commodity News Service Canada
WINNIPEG, Dec. 18, 2017 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Tributes are pouring in as the North American rail industry
mourns the loss of former CN Rail, CP Rail and CSX CEO Hunter
Harrison, who died Saturday at the age of 73. Harrison, who had
been brought on to lead a turnaround at CSX earlier this year,
died of “unexpectedly severe complications from a recent
illness,” according to the company and had taken medical leave

from the company last Thursday. CSX Corp’s shares fell as much
as 5 percent Monday following Harrison’s death.
Campbell Soup Co will buy pretzels and Cape Cod chips maker
Synder’s-Lance Inc for US$4.87 billion as it looks to expand its
snack business amid sagging soup sales. Campbell said Monday it
will pay Snyder’s shareholders US$50 per share in cash.
One of Nigeria’s largest oil unions launched an indefinite
nationwide strike Monday over the laying off of its workers as
the government began a new round of talks aimed at ending the
industrial action. The union members, mainly work as managers in
the upstream oil industry, started the industrial action after
earlier talks with government agencies ended in deadlock. The
strike could hit the country’s crude oil production and dent
exports.
END

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