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Bill Ackman's - 1 Pershing - 1
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Lowe's Chipotle Canadian Pacific Kansas
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Bill Ackman's Pershing - 1 Capital - 1 Google - 1 Securities and Exchange Commission - 1 Pershing Square's - 1 Pershing - 1 Restaurant Brands - 1 Canadian Pacific Railway - 1

Search resuls for: "Canadian Pacific Railway"


13 mentions found


☆ Bill Ackman's Pershing Square adds to Google-parent Alphabet stake, slashes Lowe's bet
  + stars: | 2023-08-14 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Bill Ackman's Pershing Square Capital stepped up a bet in Google-parent company Alphabet while lowering a large stake in Lowe's during the second quarter, according to a regulatory filing. Pershing Square's stake in the Google parent's A shares was unchanged in the second quarter and stood at $261 million. Pershing Square also downsized holdings in Chipotle and Restaurant Brands International . Pershing Square now has a stake in the new company, known as Canadian Pacific Kansas City , worth $1.2 billion. Ackman's fund managed roughly $10.8 billion 13F securities at the end of the second quarter, according to WhaleWisdom.com .
Persons: Bill Ackman's, Pershing Organizations: Bill Ackman's Pershing, Capital, Google, Securities and Exchange Commission, Pershing Square's, Pershing, Restaurant Brands, Canadian Pacific Railway, Kansas City Southern, Canadian, Canadian Pacific Kansas City Locations: Lowe's, Chipotle, Canadian Pacific Kansas
☆ Train carrying hazardous materials derails in Maine
  + stars: | 2023-04-15 | by ( ) www.reuters.com   time to read: 1 min
April 15 (Reuters) - A train carrying hazardous materials derailed and caught fire north of Rockwood, Maine, fire officials said in a Facebook post on Saturday. Rockwood Fire and Rescue posted a photo of the derailment on its Facebook page and asked residents to "stay clear," without specifying the extent of damage. An FRA safety inspector is en route to the site of a Canadian Pacific Railway derailment near Brassua, Maine, U.S. Federal Railroad Administration said in a tweet. loading"Local responders have contained a fire in the area with no hazardous material released", it added. Reporting by Shivani Tanna in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
☆ Credit Suisse fears hit Toronto's main stock index
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, March 15 (Reuters) - Canada's main stock index fell 1.6% on Wednesday, dragged down by energy and financial stocks as Credit Suisse spooked world markets, renewing concerns of a banking crisis. By provisional close on Wednesday, the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 315.32 points at 19378.84, its worst day since December 2022. Canadian financial stocks (.SPTTFS) fell 1.9% on Wednesday, mirroring global financial stocks in falling once again, following a brief relief rally on Tuesday, as Credit Suisse (CSGN.S) hit a record low after the Swiss lender's biggest backer said it would not buy any more shares. Brent crude fell 4.1% to $74.26 a barrel. The Toronto market's industrials and utilities sectors escaped the losses on Wednesday, up 0.8% and 0.2% respectively.
☆ Merger Between Canadian Pacific and Kansas City Southern Is Approved
  + stars: | 2023-03-15 | by ( Esther Fung | ) www.wsj.com   time to read: 1 min
The rail industry’s operations have come under scrutiny as a result of recent derailments and mounting safety concerns. A federal regulator has approved with conditions a merger between Canadian Pacific Railway Ltd. and Kansas City Southern, a $28 billion deal that created the first freight rail network linking Canada, the U.S. and Mexico. “The transaction meets the public interest test for approval,” said a Wednesday decision from the Surface Transportation Board, the economic regulator primarily overseeing freight railroads.
☆ Canadian Pacific’s Merger With Kansas City Southern Is Approved
  + stars: | 2023-03-15 | by ( Esther Fung | ) www.wsj.com   time to read: 1 min
The rail industry’s operations have come under scrutiny as a result of recent derailments and mounting safety concerns. A federal regulator has approved with conditions a merger between Canadian Pacific Railway Ltd. and Kansas City Southern , a $28 billion deal that would create the first freight rail network linking Canada, the U.S. and Mexico. The Wednesday decision from the Surface Transportation Board, the economic regulator primarily overseeing freight railroads, cements the industry’s biggest merger in two decades.
☆ Toronto stocks join global selloff as Credit Suisse sparks concerns
  + stars: | 2023-03-15 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
March 15 (Reuters) - Canada's resources-heavy main stock index fell on Wednesday, dragged by energy and financial stocks, as Credit Suisse's turbulence sparked renewed concerns of a banking crisis. Global financial stocks slumped once again after a brief relief rally on Tuesday as Credit Suisse (CSGN.S) hit a record low after the Swiss lender's biggest backer said it would not buy any more shares. Energy stocks (.SPTTEN) were the top decliners, falling 5.7%, as oil prices extended losses with Brent crude hitting a three-month low. Financials (.SPTTFS), Canada's largest sector by weight, joined a global selloff in bank stocks, falling 2.2%. Canadian stocks have lost nearly all of their yearly gains in the last few days, with the index now at par after the collapse of U.S. lenders SVB and Signature sparked contagion concerns in global financial stocks.
☆ Norfolk Southern and Other Freight Railroads Agree to Join Federal Close-Call Reporting System
  + stars: | 2023-03-03 | by ( Esther Fung | ) www.wsj.com   time to read: 1 min
The East Palestine, Ohio, train derailment has led to more scrutiny of railroad safety practices. Norfolk Southern Corp. and its rivals said Thursday they have agreed to join a federal system that lets employees confidentially report close calls, a program the biggest freight railroads had refused to join for years. Transportation Secretary Pete Buttigieg on Monday had asked the chief executives of the seven so-called Class 1 railroads— Union Pacific Corp., Norfolk Southern, BNSF Railway, CSX Corp., Canadian Pacific Railway Ltd., Canadian National Railway Co. and Kansas City Southern—to join the Federal Railroad Administration’s close-call reporting system.
☆ Reshoring is accelerating—These stocks should benefit as companies return to the U.S.
  + stars: | 2023-02-27 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Reshoring declarations are amping up, as more companies look to return operations to the United States from overseas. Corporate reshoring announcements jumped 17% in the fourth quarter compared with the prior quarter and are now tracking nearly 300% higher than the fourth quarter of 2021, according to UBS. In fact, reshoring and foreign direct investments jobs reached a record of at least 360,000 jobs last year, according to the Reshoring Initiative. The move back to the U.S . can also be seen in corporate earnings, said Ron Graziano, managing director of global accounting and tax for Credit Suisse. The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.
☆ Buy these 12 stocks to profit from higher-than-expected price growth, according to an inflation fund manager who beat 96% of his competitors last year
  + stars: | 2023-02-16 | by ( James Faris | ) www.businessinsider.com   time to read: +4 min
Top fund manager Simon Lack shared 12 top stocks to buy while inflation remains hot. The news confirmed what Simon Lack, a 37-year market veteran who runs a leading inflation fund, has long suspected: that price growth will remain an issue for investors throughout 2023 — and possibly beyond. If high inflation is the new normal, the Fed will struggle to achieve its goal of stabilizing prices, Lack said — at least not without causing a recession. His Rational Inflation Growth Fund (IGOAX) finished in the top 4% of its category in 2022 after beating its index by 14 percentage points, according to Morningstar. By contrast, his fund goes on offense by owning stocks in sectors that benefit from high prices.
☆ Stocks may face an inflection point in the week ahead as the Fed meets and Apple posts earnings
  + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +9 min
The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.
☆ Bill Ackman doubts Fed can tame prices: 'We'll have to ultimately accept a higher level of inflation'
  + stars: | 2022-11-22 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Billionaire hedge fund manager Bill Ackman is skeptical of the Federal Reserve's ability to bring down inflation, seeing structurally higher prices lingering. "A part of our thesis here is that we think inflation is going to be structurally higher going forward than it has been historically." "We'll have to ultimately accept a higher level of inflation." The Pershing Square hedge fund manager previously urged the Fed to put a line in the sand on soaring price by aggressively raising rates. At the end of the third quarter, Pershing Square hedge fund's top holdings included Lowe's , Chipotle , Restaurant Brands , Hilton and Canadian Pacific Railway .
☆ Activist investor Bill Ackman increased his stake in rail stock Canadian Pacific
  + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Bill Ackman's Pershing Square hedge fund increased its stake in Canadian Pacific Railway during the third quarter, according to a securities filing released Monday . Pershing Square held just under three million shares at the end June. Ackman previously served as a board member at Canadian Pacific, pushing for a takeover of Norfolk Southern that never happened. It is not clear how many, if any, additional shares Ackman bought outside of those forward contracts. Ackman is an activist investor, known for pushing for change in a small group of portfolio companies.
☆ Union Pacific says track congestion hurting ability to meet demand
  + stars: | 2022-04-21 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterA Union Pacific rail car is parked at the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS/Chris HelgrenApril 21 (Reuters) - Union Pacific Corp (UNP.N) said on Thursday congestion on tracks was hurting its ability to meet shipping demand even as price hikes helped the U.S. railroad operator top market expectations for quarterly results. Freight shipment demand, however, has allowed companies including Union Pacific to raise prices and mitigate the impact of congestion, labor shortage and rising costs. Total operating revenue in the quarter rose to $5.86 billion, topping analysts' expectations of $5.72 billion, according to Refinitiv data. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes in Bengaluru; Additional reporting by Abhijith Ganapavaram Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
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