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.