Canadian Pacific revised its bid to buy U.S. railroad operator Norfolk Southern, but was promptly rejected again.» Read More
Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
Oct 11-:* CIBC raises Air Canada target price to C $3 from C $1.50. *CIBC raises Canadian Pacific Railway target price to C $83 from C $82. *CIBC cuts Chorus Aviation target price to C $4 from C $4.50.
CINCINNATI, Oct 9- Procter& Gamble Co's CEO stood behind the company's plan for increasing profit and sales at a drama-free annual meeting notable for the absence of William Ackman, the activist investor who has pushed hard for change in recent months at the world's largest maker of household products.
*Jefferies raises Canadian National Railway Co price target to $77. *Jefferies cuts Canadian Pacific Railway Ltd price target to $77 from. *Jefferies cuts Norfolk Southern Corp price target to $72 from $75;.
Oct 2- Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.
NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.
Oct 1- Canadian Pacific Railway Ltd said chief operations officer Mike Franczak resigned effective immediately, the latest top executive to leave Canada's second-largest railroad.
Oct 1- Canadian Pacific Railway Ltd:. *Announces the departure of mike franczak. *Announced that Mike Franczak, executive vice president and chief operations.
Oct 1- Canadian Pacific Railway Ltd:. *Sterne Agee cuts Canadian Pacific Railway Ltd to neutral. Reuters Station users, click. 1568.
Pershing Square Capital Management founder Bill Ackman told the audience at Delivering Alpha that his fund would take an activist role in Proctor & Gamble.
The founder, CEO and portfolio manager of Pershing Square Capital Management, Ackman is also known as one of the more prescient shareholder activists.
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