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Stock Market & Financial Investment News

News Breaks
December 4, 2012
17:05 EDTCPCanadian Pacific sees full-year operating ratio in 'mid-sixties' for 2016
Financial expectations for the company's plan through to 2016 include: compound annual revenue growth of 4% - 7% off the 2012 base; a full-year operating ratio in the mid-sixties for 2016; cash flow before dividends of $900M-$1.4B in 2016; annual capital spending in the range of $1B-$1.1B over the period. Key Assumptions include: average fuel cost per gallon of $3.45 per U.S. gallon; Defined benefit pension expense of $140M-$150M through 2016; defined benefit pension contributions between $100M-$125M through 2015 increasing to $200M-$300M in 2016; a tax rate of 25%-27%; CP becomes fully cash taxable during the four-year period; Canadian to U.S. exchange rate at par.
News For CP From The Last 14 Days
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February 11, 2016
12:47 EDTCPUPS warns against impact of Canadian-Norfolk merger, WSJ says
UPS (UPS) has voiced its criticism of any potential merger between railway operators Canadian Pacific (CP) and Norfolk Southern (NSC), warning that a combination "would lead to diminished rail intermodal service levels and increased costs for all segments of rail customers," reports the Wall Street Journal, citing a letter sent by UPS to the Surface Transportation Board. Reference Link
February 10, 2016
07:11 EDTCPBB&T to hold a conference
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February 9, 2016
18:15 EDTCPNorfolk Southern issues statement regarding Canadian Pacific proposal
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13:59 EDTCPCanadian Pacific to file Norfolk shareholder proposal for good faith discussions
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11:49 EDTCPCanadian Pacific to give up proxy fight for Norfolk Southern, WSJ reports
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10:56 EDTCPCanadian Pacific to abandon proxy fight for Norfolk Southern, DJ reports
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February 2, 2016
07:19 EDTCPPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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