Boston, MA 05/21/2014 (wallstreetpr) – Union Pacific Corporation (NYSE:UNP) has completed its new railway facility project on a 2,200-acre ground in southern New Mexico. The facility will enhance the company’s capacity while supporting higher revenue. UNP’s new plant consists of equipment and facilities for a modern rail operation. The southern New Mexico new rail facility boasts crew-change buildings, ramp for transferring freight from trucks to trains and vice versa and fueling facilities. Union Pacific Corporation (NYSE:UNP) has planned grand opening of the facility on May 28, 2014, during which the Governor of New Mexico, Susana Martinez will be among the participating dignitaries.
The construction work of the new rail facility started in 2011. Union Pacific Corporation (NYSE:UNP) continue to pour out money on its railroad system upgrade. The latest infrastructure budget is a $9 million rail line that runs between Sedalia and Pleasant Hill. It expects work of the rail line to complete by June.
Billionaire hedge fund manager Daniel Loeb believes that chemical company LyondellBasell Industries NV (NYSE:LYB) present greater reward opportunity of investors than Dow Chemical Company (NYSE:DOW). Mr. Loeb manages Third Point, a New York-based hedge fund that led a successful campaign at the digital company Yahoo! Inc (NASDAQ:YHOO).
LyondellBasell reported its 1Q2014 financial results on April 29, during which the company posted EPS of $1.72, short of the consensus estimate at $1.73. Its revenue also faltered to come in at $11.14 billion against the consensus of $11.17 billion. However, the weak results were easy to understand as the company is undergoing restructuring.
The board of directors of Lam Research Corporation (NASDAQ:LRCX) has approved a buyback program that will be executed over the next two years. The board approved $850 million in shares repurchase and the amount includes about $49 million under the previous buyback authorization. The company also announced quarter dividend of $0.18 per share that is payable on July 2, to shareholders of record as of June 11.
