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Industrials News

GM posts higher-than-expected profit on strong North American demand

Higher pricing on GM's vehicles resulted in a $600 million US gain in the quarter.

Posted on 10-23-2014 at 9:17 AM

CN Railway boosts buyback after joining CP in missing estimates

Canadian National Railway Co. said it plans to buy back more shares, spending as much as C$1.7 billion ($1.5 billion), after posting third-quarter profit that missed analysts’ estimates.

Posted on 10-22-2014 at 7:11 AM

CP Rail shows efficiency gain as Harrison urges consolidation

Canadian Pacific Railway Ltd., spurned in a bid to merge with CSX Corp., reported its most- efficient operations ever last quarter while working to untangle lingering track congestion.

Posted on 10-21-2014 at 5:15 PM

CN Rail earnings rise on higher volumes

Canadian National Railway Co. posted a record third quarter on Tuesday, as profit rose by 21 per cent and revenue hit new highs.

Posted on 10-21-2014 at 5:00 PM

CP Rail ends takeover talks with U.S. railway CSX

Canadian Pacific Railway Ltd. says talks with potential takeover target CSX Corp. have broken off.

Posted on 10-20-2014 at 7:38 AM

As clock winds down, CP Rail's Harrison hunts for his dream deal

Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP.TO), but he still has unfinished business - creation of...

Posted on 10-17-2014 at 5:33 PM

CSX chief says railroad mergers risk train-traffic disruptions

CSX Corp. Chief Executive Officer Michael Ward said rail consolidation could create disruptions in freight traffic, after the U.S. carrier last week was said to rebuff merger talks with...

Posted on 10-15-2014 at 2:21 PM

Toyota recalls 1.67 million Toyota, Lexus cars worldwide

Japan's Toyota Motor Corp. said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master...

Posted on 10-15-2014 at 7:44 AM

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