Canadian Pacific eyes Norfolk Southern bid with activist backing
Canadian Pacific executives on a Tuesday analyst call outlined a possible proxy fight to win Norfolk Southern. Pershing Square’s Bill Ackman joined, citing a potential $237 stock value and 3 percent revenue growth from 2018 onward. Regulators and a voting trust are noted hurdles for the merger.
MENTIONED IN THIS ARTICLE
Chicago
Canadian Pacific Railway
U.S
Norfolk Southern Corp
Bill Ackman
Pershing Square Capital Management
Canadian Pacific
Ackman
Hunter Harrison
Norfolk Southern
Canadian National
Surface Transportation Board
Jim Squires
STB
Cowen & Co
Boeing 737 MAX rolls toward 2016 first flight
Boeing marks the first 737 MAX rollout from Renton Washington as the program targets a 2016 test flight and a 2017 third quarter delivery to Southwest Airlines. Officials compare the milestone to a rare comet sighting while outlining production plans, cockpit tech from Rockwell Collins, and market competition with Airbus.
MENTIONED IN THIS ARTICLE
Reuters Photos
Boeing
Renton
Wash
Southwest Airlines
Seattle
Renton, Wash
Keith Leverkuhn
Airbus
Leverkuhn
John Wojick
Rockwell Collins
Casey's General Stores posts higher Q2 earnings despite sales drop
Casey's General Stores reports a 56 percent rise in second quarter 2016 earnings to 79 million dollars, or 2.00 per share, with revenue down 10 percent to 1.9 billion. Inside sales rise 11.6 percent while fuel gallons sold grow 7.7 percent, and the company outlines goals for 2016 including store expansion and a new distribution center opening in February 2016.
MENTIONED IN THIS ARTICLE
Casey’s General Stores
Casey’s
Robert Myers
Casey
Myers
George.ford
Thegazette
Gene edited pigs resist PRRSv virus could be industry game changer
Genus and University of Missouri researchers report the creation of pigs resistant to Porcine Reproductive and Respiratory Syndrome Virus using gene editing. Early tests show pigs avoid illness and keep weight gain, signaling a potential breakthrough with challenges before commercialization.
MENTIONED IN THIS ARTICLE
London
U.S
Genus
University of Missouri
Nature Biotechnology
Jonathan Lightner
Lightner
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Norfolk
Mike Laenger
George C. Ford
the Gazette
Biotechnology
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