Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad ...

Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S.

The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states.

BNSF is already trailing Union Pacific in profitability, so the last thing it needs is to worsen its competitive position.

The railroads argue a merger would streamline deliveries of raw materials and goods nationwide by eliminating delays when ...

(Reuters) -VeriSign shares fell on Tuesday after Warren Buffett's Berkshire Hathaway sold nearly one-third of its stake in ...