12:02 PM EST - Railpower Technologies : shares soared 32 percent on Tuesday after the Canadian hybrid locomotive manufacturer said it had reached an agreement with a customer to cancel a money-losing contract for 35 Green Goat locomotives. Railpower Chief Executive Jose Mathieu said the company would have lost about $20 million in the contract. According to the settlement, Railpower will pay about $1.1 million to discharge obligations related to the contract. Railpower Technologies
shares T.P are trading up 16 cents at $0.64.