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Tag Archives: Pacific

Riots destroy Canadian mine in Mozambique, Pacific Wildcat Resources’ second project to face trouble


TORONTO — Rioters have destroyed a Canadian-owned tantalum mine in Mozambique, injuring security officers and setting fire to the site, the company says. Pacific Wildcat Resources, in a press release issued late last week, said company representatives had fled its Muiane mine to the city of Nampula, around 120 kilometres …

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Two unions join chorus against Canadian Pacific Railway Ltd’s Norfolk Southern Corp bid


Two trade unions representing workers at No. 4 U.S. railroad Norfolk Southern Corp have joined a growing chorus of opposition to an unsolicited bid from Canadian Pacific Railway Ltd, one in an unpublished letter sent to the U.S. rail regulator and the other in an interview with Reuters. The moves …

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Canadian Pacific Railway to cut 1,000 jobs in 2016 as weak economy weighs on volumes


Canadian Pacific Railway Ltd. plans to cut another 1,000 jobs in 2016 after reducing its workforce by 12 per cent last year, a response to “tremendous pressure on the top line” resulting from a feeble economy. Hunter Harrison is the key to Canadian Pacific Railway’s merger plan — and its …

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Now off to Euro-Pacific, long journey for group of bought and sold brokers continues


A group of investment advisers who are set to move to a new employer may be creating a record of having been bought and sold the most number of occasions. The advisers in question are moving to Euro-Pacific Canada as a result of the sale of Dundee Goodman Private Wealth …

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Canada will sign controversial Trans-Pacific Partnership trade deal, but ratification not guaranteed


OTTAWA — The federal government has confirmed that it intends to sign the controversial Trans-Pacific Partnership trade deal at a meeting next week in New Zealand. But when it comes to ratification of the 12-country treaty, the Liberals are still perched squarely atop the fence. “Just as it is too …

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Canadian Pacific Railway Ltd jumps on speculation it may drop Norfolk Southern Corp bid


Canadian Pacific Railway Ltd. surged the most in more than two years as speculation mounted that the company may drop its attempt to purchase Norfolk Southern Corp. Canada’s second largest railroad gained 9.6 per cent to $164.16 at 12:06 p.m. in Toronto. Shares rose as much as 11 per cent …

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Canadian Pacific Railway Ltd abandoning threat of proxy fight for Norfolk Southern Corp: source


Canadian Pacific Railway Ltd. is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover of the U.S. carrier, a person familiar with the plan said. Canada’s second-largest railroad likely won’t present an alternative slate of directors at Norfolk Southern’s annual meeting, said …

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Canadian Pacific Railway gives in, seeks ruling on Norfolk Southern deal from U.S. oversight board


After months of wrangling, Canadian Pacific Railway Ltd. has reluctantly agreed to ask U.S. regulators to weigh in on the first step of its planned takeover of Norfolk Southern Corp. CP’s takeover offer, which NS has repeatedly rejected, proposes putting the Canadian railroad into a voting trust so that its …

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