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Tuesday 23 June 2015
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Pre-Market News Analysis on: Sirius XM Holdings, (NASDAQ:SIRI), Barrick Gold Corporation, (NYSE:ABX), CSX, (NYSE:CSX)

On Friday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), remained flat at $3.87.

Sirius XM, declared that it will broadcast performances, interviews, and backstage reports from the Firefly Music Festival in Dover, Delaware, from Friday, June 19 through Sunday, June 21, across multiple music channels.

The exclusive broadcast will comprise The Killers, Kings of Leon, Cage the Elephant, Hozier, Modest Mouse, Foster the People, Spoon, Bastille, Walk the Moon, Gary Clark Jr, Big Data, Awolnation, Sublime with Rome, Cold War Kids, and many more.

Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges.

Shares of Barrick Gold Corporation (NYSE:ABX), declined -1.96% to $11.48, during its last trading session, as Gold futures slipped a bit Friday, but settled above $1,200 an ounce to post a gain for the week as traders looked to Greece’s debt negotiations to gauge investment demand for the metal.

Gold for August delivery fell 10 cents to settle at $1,201.90 an ounce on Comex. Prices saw a weekly gain of 1.9%, according to MarketWatch.

Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.

Finally, CSX Corp. (NYSE:CSX), ended its last trade with -1.55% loss, and closed at $34.99.

Louisville & Indiana Railroad (L&I), a partner of Anacostia Rail Holdings, and CSX recently declared the completion of a contract that grants CSX a permanent easement to operate over the L&I’s 106-mile rail corridor between Indianapolis and Louisville.

In addition to CSX’s $10 million easement purchase, the two companies finalized an operating agreement that provides for an additional $90 million in infrastructure upgrades over the next several years to improve the track structure and right of way along this key freight route. The joint project, which closed on June 17, 2015, was approved by the U.S. Surface Transportation Board in April.

Over the next several months, 20 miles of new rail will be installed along the southern portion of the line. In recognition of the potential impact on local communities during and after construction, representatives from both railroads in May began a series of joint meetings with community leaders to provide project status updates and to address concerns related to public safety, anticipated enhances in freight volume and construction plans.

“Since 2011, both L&I and CSX have coordinated with state and local officials to talk about the upgrade of the line to support manufacturers, farmers, marine ports and other contributors to the area’s economic growth,” said John Goldman, president, Louisville & Indiana Railroad. “As we undertake the first phase of construction, we will continue to collaborate with local officials to plan and execute construction activities to minimize disruptions to communities along the corridor.”

CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers.

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