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Stock Market & Financial Investment News

News Breaks
February 4, 2013
08:35 EDTCPCanadian Pacific appoints Keith Creel to COO and President effective February 5
Creel was most recently Executive VP and COO of Canadian National Railway Company.
News For CP From The Last 14 Days
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November 26, 2014
14:05 EDTCPRailroads prepare to avoid Chicago gridlock, Bloomberg says
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08:20 EDTCPAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
17:26 EDTCPCanadian Pacific to purchase for cancelation over 1.2M shares
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November 19, 2014
11:14 EDTCPCowen airfreight/surface & rail analysts hold analyst/industry conference call
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November 17, 2014
16:11 EDTCPNorfolk Southern, Canadian Pacific subsidiary propose rail line transaction
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