Canadian Pacific ends bid to buy Norfolk Southern
Canadian Pacific drops its roughly 30 billion bid for Norfolk Southern on Monday, ending a merger that faced stiff opposition from NS shareholders politicians rail customers and other railroads. Regulators nationwide raised concerns about competition and public interest under new rail merger rules.
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Wall Street Wages Double in 25 Years
Five years after Occupy Wall Street set Zuccotti Park ablaze with debate on earnings inequality, the pay gap widens. From 1990 to 2014 inflation adjusted wages for investment bankers rose 117 percent while all other sectors grew 21 percent. In 2014 bankers earned about 264 thousand dollars versus 51 thousand for other industries.
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