Enbridge Energy’s plans for a new pipeline to carry North Dakota crude oil across northern Minnesota got a major boost Monday when an administrative judge concluded that the Sandpiper project is needed — and that other proposed routes are not as good.
The finding by Administrative Law Judge Eric Lipman is not the final word on the $2.6 billion proposed pipeline. But it was a clear defeat for environmental groups, which questioned the need, pointed to the risk of spills and suggested six alternative routes.
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CSX
CSX beats by $0.01, reports revs in-line; Increases dividend and announces $2 bln share repruchase : Reports Q1 (Mar) earnings of $0.45 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.44; revenues increases 0.5% year/year to $3.027 bln vs the $3.01 bln consensus. Revenue was driven by growth across many of CSX's markets and an improved pricing environment, partially offset by the impact of low natural gas prices, lower fuel recoveries and the strong U.S. dollar. At the same time, the benefit of lower fuel prices and cost-saving initiatives more than offset higher inflation and volume-related costs in the quarter.
- The CSX Board of Directors has approved an increase in the quarterly dividend and a new share repurchase program. The 13 percent increase in the dividend, to $0.18 per share, is payable on June 15, 2015 to shareholders of record at the close of business on May 29, 2015.
- The new, $2 billion share repurchase program is expected to be completed over the next 24 months.
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ObamaCare, Pharmaceuticals, and Hillary Converge
Wow, talk about a PhotoShopped "photo."
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Founding Fathers Blew It
They set a minimum age to serve as US President but failed to set maximum age:
- Jeb: 64
- Hillary: 69
- Joe: 74
- RR: 69 years 349 days
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