CSX Corp. shares added to losses after hours Wednesday as the railroad operator said it was postponing its investor conference following the appointment of a new chief operating officer. CSX shares fell 3.6% to $51 after hours, following a 2.6% decline to close at $52.92 during the regular session. CSX also announced after the bell it was buying back $1.5 billion in its shares. The company investor conference, which had been scheduled for Oct. 30, will be moved to “a later date,” the company said in a statement. Earlier Wednesday, CSX named James Foote as COO to succeed Cindy Sanborn, who plans to retire on Nov. 15.
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