January 24, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 24, 2012) TORONTO — Canadian National Railway Co. has suspended Hunter Harrison’s pension payments, alleging that the former chief executive officer has breached provisions of his retirement deal and poses a serious threat to CN if he...
January 24, 2012 | CN, Headlines
(Source: Financial Post, January 24, 2012) OTTAWA — Canadian National Railway Co. hiked its dividend Tuesday after its fourth quarter earnings blew past expectations and it presented a rosy outlook for the year ahead. Canada’ largest railway reported adjusted...
January 24, 2012 | CN, Headlines
(Source: CN press release, January 24, 2012) MONTREAL — CN announced today that its Board of Directors has approved a 15 per cent increase in the Company’s quarterly cash dividend. A quarterly dividend of thirty-seven-and-one-half cents (C$0.375) per common...
January 16, 2012 | CN, CP, Headlines
(Source: Calgary Herald, January 13, 2012) CALGARY — Canadian National has stoked the increasingly public battle over whether its former CEO will be installed as the head of rival Canadian Pacific, warning Friday that Hunter Harrison may be in breach of non-compete...
January 16, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 14, 2012) TORONTO — There comes a moment in every corporate battle when the first cannon is fired. In the unfolding power struggle at Canadian Pacific Railway Ltd., that moment came at 7:22 a.m. on Jan. 4, when the send button was...
January 13, 2012 | CN, CP, Headlines
(Source: Bloomberg News, January 11, 2012) NEW YORK — Hunter Harrison, William Ackman’s choice to lead Canadian Pacific Railway Ltd., said he would be willing to stay in the job for as long as it takes to turn around the least efficient railroad in North America....
January 13, 2012 | CN, Headlines
(Source: Financial Post, January 13, 2012) OTTAWA — Canadian National Railway Co. was downgraded to neutral from outperform at JPMorgan due to an expected slowdown in earnings growth and market share. Full story: Financial Post
January 13, 2012 | CN, CP, Headlines
(Source: Financial Post, January 12, 2012) OTTAWA — One possible offshoot of all the interest in Canadian Pacific Railway stemming from the proxy battle brewing between the management of Canadian Pacific Railway and activist investor Bill Ackman is the impact on the...
January 13, 2012 | CN, Headlines
(Source: Commercial Appeal, January 13, 2012) MEMPHIS, Tenn. — The Memphis-Shelby County Port Commission voted unanimously to grant Canadian national a 10-year option to buy up to 800 acres in Frank C. Pidgeon Industrial Park in southwest Memphis.The logistics park...
January 11, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 11, 2012) TORONTO — In an exclusive interview with the Globe and Mail, famed railway leader Hunter Harrison said he is “excited” about the prospect of running another freight carrier, this time former rival Canadian Pacific Railway...
