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1 min read

Billionaire investor Bill Ackman reveals a $1.2 billion bet on Canadian Pacific Railway

Ackman's Pershing Square hedge fund has exposure to 14.8 million shares of the railroad company thr…

Theron Mohamed   


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Kansas City Southern surges 16% after $34 billion offer from Canadian National sparks bidding war

Canadian National offered a $34 billion takeover bid for Kansas City Southern, well above Canadian …

Matthew Fox   


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1 min read

Kansas City Southern surges 14% after Canadian Pacific Railway agrees to buy it for $25 billion

Kansas City Southern will be bought in a $25 billion deal by Canadian Pacific Railway. The merger w…

Carla Mozée   


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1 min read

Canadian Pacific to acquire Kansas City Southern in $25 billion railroad merger that spans across the entire North American continent

The combined company will operate 20,000 miles of rail, employ close to 20,000 people, and generate…

Matthew Fox   


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2 mins read

Canadian Pacific is ending its bid for Norfolk Southern

"We have long recognized that consolidation is necessary for the North American rail industry to me…

Portia Crowe   


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1 min read

REPORT: Canadian Pacific wants to buy Norfolk Southern

Now, the Canadian company is in early-stage talks with Norfolk, which is the second-largest railroa…

Portia Crowe   


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6 mins read

A former top Canadian spy told us about 4 huge cyber threats that are emerging

"They [the Chinese] have previously devoted substantial resources to cyber espionage and theft," cy…

Natasha Bertrand   


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Billionaire investor Bill Ackman has sold all of his Domino's Pizza stock, after building the 5% stake only last year

Ackman's Pershing Square has exited its Domino's Pizza bet, citing the fast-food chain's lofty valu…

Theron Mohamed   


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2 mins read

Bill Ackman says his firm is holding onto its stock picks as it anticipates Fed rate hikes cutting inflation to more than half current levels

"Our biggest fear was inflation and that's why I wanted the Fed to raise rates quickly and soon," b…

Carla Mozée   


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Nasdaq surges on tech-stock strength as Treasury yields cool from 14-month high

Tech stocks led the broader rally on Monday as investors eye a pullback in Treasury yields and resu…

Isabelle Lee   


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4 mins read

Theron Mohamed   


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3 mins read

You can stay in vintage railroad cars that have been converted into cozy bedrooms surrounded by nature

Surrounded by nature and famous trials, this historic train line in Nova Scotia, Canada, has nine v…

Konstantina Pyrnokoki   


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2 mins read

CSX tumbles 7% after CEO goes on medical leave

CSX named Harrison as CEO in March after activist investor Mantle Ridge bought a nearly 5% stake in…

Akin Oyedele   


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3 mins read

RAILROAD EXECUTIVE: Chicago's drinking water may be in jeopardy if Congress doesn't act

"If they force that date upon us, then we have no choice, but to seriously consider not hauling tho…

Bob Bryan   


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3 mins read

RAILROAD CEO: Trains for hundreds of thousands of commuters could stop running by the end of the year

"I'm very optimistic that Congress will be prudent and well, has an extension before we have to tak…

Bob Bryan   


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1 min read

The SEC Is Looking Into Bill Ackman's Big Allergan Deal

Allergan has already filed suit against both Ackman and Valeant for insider trading. It alleges tha…

Linette Lopez   


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2 mins read

STOCKS FALL: Here's what you need to know

DON'T MISS: 2 simple charts illustrate why low oil prices are so depressing »And now, the top stori…

Akin Oyedele   


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2 mins read

Bill Ackman's famous short is shooting up 12%

The nutritional supplement company has been under investigation for some time now after concerns we…

Bob Bryan   


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2 mins read

You can see the Bill Ackman redemptions right here...

"My guess is that our redemption that we've received as percentage of capital are probably among th…

Linette Lopez   


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2 mins read

This is the one stat that has every Wall Street banker depressed

Halliburton and Baker Hughes on Sunday called off their $28 billion megadeal after facing oppositio…

Portia Crowe