Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report. The post Report: Union Pacific, Norfolk Southern could reach merger deal by next week appeared first on FreightWaves.

The merger clears the way for an $8.4 billion sale of some of the most prominent names in entertainment, including CBS, Paramount, and Nickelodeon.

FCC Chairman Brendan Carr was asked to respond to criticisms of the Trump administration's intervention in the free press.

The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.

Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?

The green light follows Paramount's $16 million settlement of a suit filed by Trump, related to a 60 Minutes interview with Kamala Harris.

Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.

Union Pacific , the largest U.S. railroad operator, said on Thursday it is in advanced talks with rival Norfolk Southern , signaling that a deal to form a $200 billion coast-to-coast rail company could be close - and potentially trigger further consolidation among remaining freight rail giants.

Whitecap's merger with Veren boosts Q2 results, offering strong cash flow and synergy savings. Click to read more on why I remain overweight on WCP:CA.

According to Oliver Wyman, a consultancy, the share of intermodal goods in America that travel by rail on journeys longer than 1,500 miles increases from 39% to 65% when served by a direct line. Transcontinental railways would mean fewer lengthy stops in Chicago and may make shorter routes near the Mississippi river more profitable.

The Federal Communications Commission on Thursday announced its approval of Skydance's $8 billion acquisition of Paramount Global.

The western rail giant Union Pacific confirmed on Thursday that it is in advanced talks to acquire the eastern railroad Norfolk Southern.