RailAmerica Closes Acquisition Of Interest In Wellsboro And Corning Railroad,IWG

4/9/2012 6:39 PM ET

RailAmerica Inc. (RA: Quote) announced that it has completed its acquisition of a seventy-percent interest in the Wellsboro and Corning Railroad or "WCOR" and Industrial Waste Group or "IWG" from Myles Group for approximately $18 million.

Click here to receive FREE breaking news email alerts for RailAmerica, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 127 Articles

Editors Pick

Stocks Turning In Another Lackluster Performance - U.S. Commentary

Stocks have shown a lack of direction over the course of the trading day on Tuesday after failing to sustain an early upward move. The choppy trading extends the lackluster performance that was seen throughout the previous session. The major averages are currently posting modest gains but have pulled back off their highs for the session.

Obama's Approval Rating Holding Steady Despite Scandals

While a recent series of scandals have caused headaches for the White House, the results of a Washington Post-ABC News poll released Tuesday suggest that the news has not had an impact on President Barack Obama's approval rating. The poll showed that 51 percent of Americans approve of the way Obama is handling his job as president compared to 44 percent that disapprove.

U.K. Inflation Eases To 7-Month Low

U.K. consumer price inflation slowed more-than-expected to a seven-month low in April on falling petrol and air fares, official data revealed Tuesday. The slowdown provides relief for consumers as it raises purchasing power, while it gives more scope for the central bank to ease monetary policy.