I own NSC, and I want to explain how I want to behave going forward. I didn't step in because of a possible deal, although I have often argued that another round of mergers could affect the industry.

A niche hedge fund strategy involving convertible debt is having a moment, with market forces aligning to create ideal conditions for trading the hybrid securities. So-called convertible arbitrage, ...

The arbitrage window for American crude shipments to Asia could soon close amid surging tanker rates and cheaper Middle Eastern oil which is also closer to the world’s top demand region than the U.S.

This arbitrage opportunity exists because of a wide gap between paper silver prices and the physical metal, which is ...