No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
Canadian stocks rose as industrial and energy shares advanced amid improving confidence in economic growth in the U.S., the country’s largest trading partner.
Canadian stocks rose, erasing an earlier loss, as commodities prices rebounded and better-than- estimated earnings from Manulife Financial Corp. boosted financial shares.
Canadian Pacific Railway Ltd. posted higher first-quarter earnings than analysts estimated as Chief Executive Officer Hunter Harrison makes progress on profitability goals set during last year’s proxy fight.
Two Canadian Pacific Railway Ltd. cars carrying light, sweet crude to Montreal leaked oil after a train derailed in northern Ontario.
A Canadian Pacific Railway Ltd. train carrying crude oil derailed in west-central Minnesota, spilling between 20,000 and 30,000 gallons, the Minnesota Pollution Control Agency said.
Canadian Pacific Railway Ltd. paid Hunter Harrison C$49.2 million ($48 million) last year after recruiting him as chief executive officer following a proxy fight by activist investor William Ackman.
Canadian Pacific Railway Ltd., the least efficient North American large railroad, is ahead of its plan to eliminate more than one-fifth of its workforce, Chief Executive Officer Hunter Harrison said.
A rejection of the Keystone XL pipeline by President Barack Obama would push more of Canada’s $73 billion oil exports onto trains, which register almost three times more spills than pipelines.
Fresh from beating back a proxy challenge from activist investor Jana Partners LLC, fertilizer maker Agrium Inc. plans to refocus on expansion in the face of a commodities slump.