The Florida State Senate passed
a rail bill 27-10, local newspapers report. It now heads to Gov. Charlie Crist
for his signature. Crist has said he supports the bill. The bill clears away
obstacles for construction of SunRail, a $1.2-billion commuter rail project in
central Florida, and shores up South Florida's Tri-Rail with an extra $15
million in annual funding. The bill could also help the state win a $2.5-billion
federal grant to link Tampa and Orlando with a high-speed rail line.
Norfolk Southern has joined
the U.S. Green Building Council, a non-profit, membership-based organization
committed to a prosperous and sustainable future for the nation through
cost-efficient and energy-saving green buildings.
Koppers Inc., a
wholly-owned subsidiary of Koppers Holdings Inc., has signed a letter of intent
to acquire 100 percent of the outstanding shares of privately-owned Cindu Chemicals
B.V. from joint owners Cindu B.V. and Corus Staal B.V. for an undisclosed
purchase price. The proposed transaction is subject to the negotiation and
execution of a definitive purchase and sale agreement, the completion of due
diligence, certain regulatory approvals, consultation with Cindu's Works
Council, and other customary closing conditions. Upon completion, Koppers
expects to fund the acquisition primarily with cash.
Berkshire Hathaway Inc. and
Burlington Northern Santa Fe Corporation said they have been granted early
termination of the mandatory waiting period under the Hart-Scott-Rodino
Antitrust Improvement Act of 1976, as amended, in connection with the
previously announced Berkshire acquisition of BNSF. This regulatory action is
an important step in satisfying the closing conditions as set forth in the
merger agreement. BNSF and Berkshire continue to expect the transaction to
close in the first quarter of 2010.
Starting Dec. 7, Sound
Transit contractors will begin smoothing the surface of the light rail tracks
between Seattle and Sea-Tac Airport. The work will impact evening light rail
service through the end of the month. The work is expected to reduce the
high-pitched noise some residents near the tracks have expressed concern about.