William Ackman's flagship Pershing Square fund posted gains in November and the year, even as Herbalife lost more money.» Read More
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
Nov 29- Canada's No.1 oil and gas producer Suncor Energy Inc's chief financial officer left the company after four years in the role to join Canadian Pacific Railway Ltd.. Suncor Energy said an announcement for Brian Demosky's replacement would be made in due course.
STOCKHOLM, Nov 28- Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
CALGARY, Alberta, Nov 25- A northbound Canadian Pacific Railway Ltd train derailed near Windermere, British Columbia, on Monday morning, sending 16 cars loaded with coal off the tracks, a spokesman for the rail company said. The Transportation Safety Board of Canada, which previously said 19 cars had derailed, has sent an investigator to the scene.
OTTAWA, Nov 20- Canada will require railways to start telling municipalities what goods they have been transporting through their jurisdictions, but the government acknowledged that such data would not have prevented the July derailment that demolished the heart of a Quebec town, killing 47 people.
TORONTO, Oct 31- Canadian National Railway Co, the country's largest rail operator, agreed to a new labor contract for some 3,300 conductors, trainmen, yardmen and traffic coordinators represented by the Teamsters union, the railway said Thursday. The Grain Growers of Canada had asked the government to take "swift and decisive" action in the event of a strike.
TORONTO, Oct 29- Canadian National Railway Co said on Tuesday it still hopes to negotiate a new deal with the Teamsters union and avoid a labor disruption, after talks assisted by government-appointed mediators stretched into the early morning.
TORONTO, Oct 28- Canadian National Railway Co, the country's largest railroad, said on Monday it is still talking with the union representing about 3,300 conductors and other workers and expects the two sides will be able to avoid a strike.
TORONTO, Oct 28- Canadian National Railway Co, the country's largest railroad, said on Monday it is continuing talks with the union representing about 3,300 conductors and other workers and is optimistic a contract deal will be reached ahead of a strike deadline early on Tuesday.
Oct 23- Canadian Pacific Railway's third-quarter profit rose more than expected as freight revenue hit a record high and operating costs fell, lifting the stock of Canada's No. 2 rail operator more than 10 percent to a historic peak.
Revenue rises 6 pct to C $1.5 bln. Oct 23- Canadian Pacific Railway, Canada's No. 2 rail operator, reported a greater-than-expected third-quarter profit on Wednesday as freight revenue hit a record and operating costs fell. The news sent CP stock soaring 6.6 percent, or C $8.82, to C $143.65 on the Toronto Stock Exchange, and the shares touched a five-month high.
WINNIPEG, Manitoba, Oct 16- A possible strike at Canada's biggest railway is compounding a vexing problem in the second-biggest wheat exporting country- how to move the western crop belt's abundant harvest to port with a strained transportation system.
OTTAWA/ TORONTO, Oct 15- Canada's government is closely monitoring a dispute between the railroad workers' union and Canadian National Railway Co and wants both sides to continue talking, a spokeswoman for Labour Minister Kellie Leitch said on Tuesday.
OTTAWA, Oct 15- Canada's government is closely monitoring a dispute between the railroad workers' union and Canadian National Railway Co and is urging both parties to continue talking, a spokeswoman for Labour Minister Kellie Leitch said on Tuesday.
Air Products shares rose as much as 6.9 percent, taking gains to almost a quarter since Ackman's Pershing Square starting building up a $2.2 billion holding in June. Ackman argued the company was undervalued and lagged peers after Pershing Square revealed a 9.8 percent stake that made it Air Products' largest shareholder.
Sept 26- Industrial gas producer Air Products& Chemicals Inc, feeling the heat from activist investor Bill Ackman, said Chief Executive John McGlade would retire in 2014.. McGlade was targeting $15 billion in annual sales and a 20 percent operating margin by 2015, but Air Products has lagged rivals Praxair Inc, Linde AG and Air Liquide SA.
Aug 15- The Canadian province of Quebec has ordered Canadian Pacific Railway Ltd to help pay clean-up costs after a train disaster that killed 47 people and said on Thursday the company has no choice in the matter.
Aug 13- Hedge fund billionaire Bill Ackman's two-year campaign to transform department store J.C. Penney came to an abrupt end on Tuesday with his decision to step down from the board, after a weeklong public spat with fellow board members. Penney's shares closed down 3.7 percent at $12.68 on the New York Stock Exchange.
Bill Ackman seems to have more than his fair share of enemies. And Cramer thinks they’re about to gang up on him.
MONTREAL, Aug 8- A Quebec court granted bankruptcy protection on Thursday to the U.S. railway whose runaway train smashed into a tiny Quebec town, killing 47 people, but Judge Martin Castonguay called Montreal Maine& Atlantic's behavior "deplorable" and said he was not impressed by its management.