CN Announces Plan to Buy Back Shares Through Private Agreements

May 17, 2010 Railfanning.org News Wire

MONTREAL — CN said it intends to purchase for cancellation up to three million of its common shares pursuant to private agreements between CN and an arm’s-length third-party seller.

The purchase(s) will form part of CN’s 15-million share repurchase program announced on Jan. 26, 2010.

Any such purchase(s) will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place before the end of June 2010, the company said. The price that CN will pay for any common shares purchased by it under such agreements will be negotiated by CN and the seller and will not exceed the prevailing market price of CN’s common shares on the Toronto Stock Exchange at the time of the purchase.

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Amtrak Unveils First ARRA Funded Rail Car to be Restored and Returned to Service

July 16, 2009 Railfanning.org News Wire

WASHINGTON — Amtrak unveiled the first of 81 passenger rail cars to be removed from storage, restored to good condition, and returned to service as part of a program to add seating capacity to trains across its national system using funds provided by the American Recovery and Reinvestment Act (ARRA), said Amtrak President and CEO Joseph Boardman. The ARRA is better known as the “bailout” by most Americans. “The real story today is about people — the Amtrak passengers who will ride in these rehabilitated cars and the workers who are doing a great job bringing them back to life,”