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Stock Market & Financial Investment News

News Breaks
December 19, 2012
17:10 EDTCPCanadian Pacific provides labor bargaining updates
Canadian Pacific said it is "pleased the collective bargaining process with the Teamsters Canada Rail Conference, on behalf of Running Trade Employees, and Rail Traffic Controllers has finally concluded and an agreement is now in place." The award contains, among other changes a cap on pension growth and a new pension accrual rate for future hires. The deal is three years in length and is retroactive to January 2012. CP also announced the five-year agreement reached with the International Brotherhood of Electrical Workers on November 15 has been ratified with 94% acceptance. This contract begins January 1, 2013.
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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