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Stock Market & Financial Investment News

News Breaks
February 14, 2014
17:18 EDTPG, APD, GGP, BKW, CPPershing Square Capital gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Burger King (BKW) and Air Products & Chemicals (APD). DECREASED STAKES: Canadian Pacific Railway (CP), General Growth Properties (GGP) and Procter & Gamble (PG). LIQUIDATED STAKES: None.
News For BKW;APD;CP;GGP;PG From The Last 14 Days
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March 4, 2015
07:34 EDTPGProcter & Gamble management to meet with UBS
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March 2, 2015
12:17 EDTAPDAir Products announces North American product price increases
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06:03 EDTGGPGeneral Growth and AustralianSuper enter partnership to own Ala Moana Center
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February 27, 2015
07:53 EDTPGKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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February 24, 2015
11:06 EDTAPDAir Products management to meet with Jefferies
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February 23, 2015
16:36 EDTCPCanadian Pacific announces new 9.14M share repurchase program
Canadian Pacific announced that it intends to renew its normal course issuer bid, NCIB, commencing March 17, subject to the approval of the Toronto Stock Exchange. CP's board of directors has authorized the repurchase of up to 9.14M of its common shares, for cancellation, representing approximately 6% of CP's "public float" of common shares as at February 20. "This new share repurchase program demonstrates CP's continued confidence in the long-term prospects of the company and underscores our commitment to enhancing total shareholder return," said CP CEO E. Hunter Harrison. "Our strong balance sheet and cash flow position enables us to return cash to shareholders while continuing to pursue our business strategy and invest in the franchise." CP is permitted to purchase up to 12,650,862 common shares during the 12 month period ending March 16, under its current program. CP has substantially completed the purchase of such shares, with 12,192,437M shares purchased at a weighted average price of $202.62 as of February 20. CP expects it will complete purchases under its current NCIB prior to the expiry of the program on March 16th.
09:59 EDTCPOn The Fly: Analyst Initiation Summary
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06:12 EDTCPCanadian Pacific initiated with an Overweight at JPMorgan
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February 22, 2015
13:45 EDTCPCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
February 19, 2015
11:52 EDTAPDAir Products, Suzuki Shokan sign alliance agreement to develop hydrogen fueling
Air Products and Suzuki Shokan jointly announced the signing of an "Alliance Agreement" for the two companies to work together on the design, construction and operation of hydrogen fueling stations for use in fueling the material handling vehicle market in Japan. Air Products and Suzuki Shokan will take Air Products' hydrogen fueling technology and work jointly to make any needed infrastructure modifications in order to meet Japanese laws and regulations. As part of the Alliance, the companies also agreed to a standard Equipment, Engineering and License for Suzuki Shokan's purchase and use of key equipment to be supplied by Air Products for the implementation of Air Products' SmartFuel® hydrogen fueling station technology.
09:37 EDTPGProcter & Gamble sese core EPS 'meaningfully' improving in 2H
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09:21 EDTPGProcter & Gamble repeats FY15 currency neutral core EPS growth view
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