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Stock Market & Financial Investment News

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June 24, 2014
10:39 EDTCP, OHRP, BVN, CVC, MEOH, ENR, WAG, VRTX, TVHigh option volume stocks
High option volume stocks: TV ENR BVN VRTX MEOH OHRP WAG ASHR CVC CP
News For TV;ENR;BVN;VRTX;MEOH;OHRP;WAG;CVC;CP From The Last 14 Days
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February 24, 2015
15:21 EDTCVCNotable companies reporting before tomorrow's open
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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 20, 2015
15:32 EDTCVCCablevision March volatility elevated into Q4 and outlook
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11:48 EDTENREnergizer says separation activities 'well underway'
11:47 EDTENREnergizer says Personal Care company to be called Edgewell Personal Care
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February 18, 2015
09:04 EDTVRTXVertex data likely to show lung function improvement, says JMP Securities
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February 17, 2015
16:22 EDTCVCOn The Fly: Closing Wrap
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12:56 EDTCVCDecline of TV viewing accelerated, NY Post reports
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10:41 EDTCVCCablevision downgraded to Sell from Neutral at UBS (pre-open)
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10:39 EDTCVCCablevision sinks after analyst sees Verizon threat, cuts to sell
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10:29 EDTENRHigh option volume stocks
High option volume stocks: RDSA JACK WUBA MT JAKK VDSI ECL ENR AVG NWBO
10:00 EDTCVCOn The Fly: Analyst Downgrade Summary
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07:15 EDTENRConsumer Analyst Group of New York (CAGNY) to hold a conference
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February 16, 2015
15:22 EDTCPCanadian Pacific enters binding arbitration with Teamsters Canada
Canadian Pacific said it and the Teamsters Canada Rail Conference agreed to enter into binding arbitration, putting an end to the work stoppage by CP's locomotive engineers and conductors. E. Hunter Harrison, CP's CEO said, "While we would have preferred a negotiated settlement, this is the right thing to do at this time." An arbitrator will be appointed by the federal government. No further details are being released at this time. On February 14, CP announced a tentative four-year agreement with its Unifor employees. Details of the tentative agreement are being withheld pending ratification by the Unifor membership.
February 15, 2015
15:35 EDTCPWest coast ports closed to cargo vessels for weekend, Reuters says
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13:44 EDTCPCP disappointed by failed talks with Teamsters Canada Rail Conference
Canadian Pacific is disappointed to announce that negotiations with Teamsters Canada Rail Conference-Running Trades, TCRC, have broken down without an agreement. As a result, the TCRC have indicated they will strike as of 12:01 a.m. on February 15. TCRC represents CP's approximately 3,000 active locomotive engineers and conductors. CP proposed thoughtful, compelling and fair options including wage increases and improved benefit plans. Furthermore, CP proposed changes to work schedules to improve the quality of life for engineers and conductors. TCRC leadership claims that lack of time off is at the heart of its reluctance to negotiate, yet 72% of all engineers and conductors do not take the time off they are entitled to. Furthermore, 60% of the conductors and engineers at CP make between $80,000 and $160,000, while working an average of 31 to 35 hours a week. "We have wanted to make a deal for more than a year, and have been presenting the TCRC leadership with dynamic options and choices to improve the quality of life for employees while driving efficiencies in our business," said E. Hunter Harrison, CP's Chief Executive Officer. "Our conductors and engineers have plenty of options for time off, but the vast majority don't take full advantage of those opportunities. We want to implement a model that allows us to properly schedule crews while maintaining the highest standards of safe railroading" While CP would have preferred a negotiated settlement, at the urging of the Minister of Labour, the railroad agreed to immediate mediation and arbitration to avoid a work disruption. Unfortunately, the TCRC did not agree.
13:40 EDTCPCanadian Pacific and Unifor reach tentative agreement
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