Economics
Union Pacific Profit Beats Estimates on Grain Shipments
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Union Pacific Corp., the biggest U.S. railroad, climbed the most in more than nine months after a record corn harvest and the strengthening U.S. economy helped fourth-quarter profit beat analysts’ estimates.
Union Pacific rose 3.3 percent to $174.12 at the close in New York, the biggest gain since April 18, after the company forecast 2014 earnings will exceed last year’s record.