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Tag: February (Page 5 of 5)

United Airlines Suspends Some Flights to China as Demand Drops Over Virus Fears

CHICAGO (Reuters) – United Airlines Holdings Inc <UAL> said on Tuesday it was suspending some flights between the United States and Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 due to a “significant decline in demand” as the new coronavirus spreads.

“We will continue to monitor the situation as it develops and will adjust our schedule as needed,” United said in a statement.

The coronavirus that originated in Wuhan, China has killed 106 people in the Asian country and spread across the world, rattling financial markets.

United’s suspension affects a total of 24 flights.

The other two U.S. airlines that fly to China, Delta Air Lines Inc <DAL> and American Airlines Group Inc <AAL>, said they had not reduced their flights at this time but were closely monitoring the situation.

(Reporting by Tracy Rucinski; Editing by Chris Reese and Bill Berkrot)

Norfolk Southern Increases Quarterly Dividend 8%

Norfolk, Va. – Jan 23, 2019

Norfolk Southern Corporation announced that its board of directors today approved an 8 percent increase in its quarterly dividend on the company’s common stock, from 80 to 86 cents per share.

The dividend is payable March 11 to shareholders of record on Feb. 4. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 146 consecutive quarters.

Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.

Story and image from http://www.nscorp.com

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