Robert Schulz News
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A U.S. decision on whether to approve TransCanada Corp.’s Keystone XL pipeline has the potential to accelerate -- or slow --investments in Canada’s oil sands.
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New York Governor Andrew Cuomo and leaders of the legislature were ordered by a judge to justify by March 11 why they expedited passage of the state’s new gun- control law.
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General Motors Co. , 61 percent owned by the Treasury Department, was given a higher credit rating by Standard & Poor’s Ratings Services than Ford Motor Co. , the only major U.S. automaker to avoid bankruptcy last year.
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Ford Motor Co., the second-largest U.S. automaker, fell in New York trading after saying it may benefit less from higher vehicle prices and face higher costs in the second half.
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Ford Motor Co.’s U.S. hourly workers ratified a new four-year contract that probably will lead to credit-rating upgrades. A return to investment-grade status may still be a 2012 event.
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Ford Motor Co., the second-largest U.S. automaker, today declared a 5-cent quarterly dividend, its first payout to shareholders since September 2006.
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Standard & Poor’s raised Ford Motor Co.’s credit rating two levels saying the automaker’s new labor contract will not impede profitability or cash generation.
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General Motors Co. Chief Executive Officer Dan Akerson said he hopes the automaker regains an investment-grade credit rating within the next year.
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Activist investor Jana Partners LLC’s campaign for changes at Agrium Inc. is fueling speculation it will ultimately boost shareholder value even if it doesn’t force the fertilizer company to spin off its retail farm-supply unit.
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Ford Motor Co.’s new contract with the United Auto Workers will increase its labor costs less than 1 percent annually while allowing the company to offset that in efficiency gains, the company said.
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