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Reuters - vor 4 Monaten

Canada judge rules against Canadian Pacific in excessive-hours case

UPDATE 1-Canada judge rules against Canadian Pacific in excessive-hours case Adds comments from Canadian Pacific OTTAWA, June 7 (Reuters) - A federal judge in Canada has ruled that Canadian Pacific Kansas City Ltd was in contempt of court for forcing train crews to work excessively long hours in violation of a court order, the Teamsters Canada union said on Wednesday.
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Reuters - vor 5 Monaten

US unions call on railroads to halt buybacks, ditch lean operating model

US unions call on railroads to halt buybacks, ditch lean operating model By Amna Karimi April 21 (Reuters) - U.S. labor unions called on railroad operators to halt all stock buybacks until they improve safety and abandon their lean operating model, which regulators and shippers say has led to deterioration in the quality of service. The unions have blamed Precision Scheduled Railroading (PSR), a concept that encourages running longer trains on fixed schedule with lesser staffing, for worsening w
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Reuters - vor 7 Monaten

Norfolk Southern shareholders sue over Ohio derailment

Norfolk Southern shareholders sue over Ohio derailment By Jonathan Stempel March 17 (Reuters) - Norfolk Southern Corp NSC.N shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month's derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed on Thursday in Columbus, Ohio, federal court, shareholders said Norfolk Southern played down the risks of using what is called "Precision Scheduled Railroading," whic
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Reuters - vor 7 Monaten

Credit Suisse fears hit Toronto's main stock index

CANADA STOCKS-Credit Suisse fears hit Toronto's main stock index TORONTO, March 15 (Reuters) - Canada's main stock index fell 1.6% on Wednesday , dragged down by energy and financial stocks as Credit Suisse spooked world markets, renewing concerns of a banking crisis. By provisional close on Wednesday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 315.32 points at 19378.84, its worst day since December 2022. "We're back to the volatility of 2022," Barry Schwartz, portfoli
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Reuters - vor 7 Monaten

U.S. STOCKS Boeing, Alcoa, Canadian Pacific

BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Alcoa, Canadian Pacific Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stocks dropped on Wednesday as turbulence at Credit Suisse renewed fears of a banking crisis, while data hinting at economic weakness kept alive hopes of a less aggressive monetary policy move by the Federal Reserve in March.
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Reuters - vor 7 Monaten

U.S. Senate leader Schumer urges federal safety probe into all major freight railroads

UPDATE 3-U.S. Senate leader Schumer urges federal safety probe into all major freight railroads Adds comments from NTSB chair By Richard Cowan and David Shepardson WASHINGTON, March 15 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday urged a federal investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment of a Norfolk Southern Corp NSC.N train.
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Reuters - vor 7 Monaten

Toronto stocks join global selloff as Credit Suisse sparks concerns

CANADA STOCKS-Toronto stocks join global selloff as Credit Suisse sparks concerns Updates prices, adds comments and details By Shashwat Chauhan March 15 (Reuters) - Canada's resources-heavy main stock index fell on Wednesday, dragged by energy and financial stocks, as Credit Suisse's turbulence sparked renewed concerns of a banking crisis. By 10:30 a.m.
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Reuters - vor 7 Monaten

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Piper Sandler, CNH, Illumina, Exxon; Updates: T-Mobile, Canadian Pacific March 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: ** T-Mobile US Inc TMUS.O said it would buy Ka'ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion, as the telecom operator looks to maintain growth in a competitive market.
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Reuters - vor 7 Monaten

US regulator approves Canadian Pacific purchase of Kansas City Southern

UPDATE 2-US regulator approves Canadian Pacific purchase of Kansas City Southern Adds stock price, reaction, details By David Shepardson WASHINGTON, March 15 (Reuters) - The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific's CP.TO $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and competition conditions.
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Reuters - vor 7 Monaten

U.S. board to announce decision on Kansas City Southern acquisition deal

UPDATE 1-U.S. board to announce decision on Kansas City Southern acquisition deal Adds comments by U.S. Senator Elizabeth Warren, details of acquisition, background, no immediate Canadian Pacific comment By David Shepardson WASHINGTON, March 14 (Reuters) - The Surface Transportation Board said it plans to announce on Wednesday whether it will approve or reject Canadian Pacific's CP.TO $31 billion deal to acquire U.S.
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Reuters - vor 7 Monaten

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Reliance, Broadcom, Wind Tre, Ritchie Bros, Infinera Corp, Canadian Pacific, KKR March 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 GMT on Tuesday: ** India's competition regulator said on Tuesday that it has cleared Reliance Industries Ltd's RELI.NS 28.50 billion rupees ($346.16 million) acquisition of the Indian business of German retailer Metro AG B4B.DE .
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Reuters - vor 7 Monaten

Senator Warren urges transport regulator to block U.S. railroad deal

UPDATE 1-Senator Warren urges transport regulator to block U.S. railroad deal Adds no immediate comment from railroads, more from letter By David Shepardson March 3 (Reuters) - Democratic Senator Elizabeth Warren has urged a U.S. regulator to reject Canadian Pacific' s CP.TO $ 31 billion deal to take control of U.S. railroad Kansas City Southern, saying it would hurt competition, prompt job losses and disrupt service, a letter seen by Reuters showed.
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Reuters - vor 7 Monaten

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Canadian Pacific, Binance, Sova Capital; Updates Arezzo Industria March 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** Brazilian shoemaker Arezzo Industria e Comercio SA ARZZ3.SA announced its first acquisition outside the South American country, agreeing to buy Italy's Paris Texas as it continues to push for an internationalization.
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Reuters - vor 7 Monaten

Rail companies should join U.S. employee safety program, urges Buttigieg

UPDATE 1-Rail companies should join U.S. employee safety program, urges Buttigieg Adds more details on program, rail accidents; no immediate comment By David Shepardson WASHINGTON, Feb 27 (Reuters) - U.S. Transportation Secretary Pete Buttigieg on Monday urged seven major North American freight rail companies to join a voluntary employee safety reporting program after the Feb.
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Reuters - vor 8 Monaten

Buttigieg urges U.S. railroads to boost safety, not oppose reforms

UPDATE 2-Buttigieg urges U.S. railroads to boost safety, not oppose reforms Adds Norfolk Southern comment, additional detail from letter By David Shepardson Feb 19 (Reuters) - U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train operated by Norfolk Southern NSC.N .
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Reuters - vor 8 Monaten

U.S. lawmakers urge board to defer railroad merger decision

UPDATE 2-U.S. lawmakers urge board to defer railroad merger decision Adds STB comment By David Shepardson WASHINGTON, Feb 17 (Reuters) - U.S. lawmakers on Friday asked the Surface Transportation Board to defer a decision on a proposed Canadian Pacific CP.TO merger with Kansas City Southern until the board completes a Chicago region impact assessment.
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Reuters - vor 8 Monaten

White House defends response to Ohio train derailment; Senate to probe safety

UPDATE 3-White House defends response to Ohio train derailment; Senate to probe safety Adds railroad association comment By David Shepardson and Brad Brooks WASHINGTON, Feb 17 (Reuters) - The Biden administration on Friday defended its response to the Feb. 3 derailment of a train loaded with toxic chemicals in East Palestine, Ohio, that caused a fire and sent a cloud of smoke over the town, saying it was sending more federal resources.
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