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Industrials News

Hunter Harrison targets rail rival with US$28.4B takeover play
Canadian Pacific Railway is offering US$28.4 billion to buy Norfolk Southern, to create North America’s largest railway company. CP says the offer is a 23-percent premium over Norfolk’s Friday closing price and will result in US$1.8 billion in annual savings.
Posted on 11-17-2015 at 4:30 PM
Bombardier in talks with Canadian government on CSeries investment: CEO
Bombardier CEO Alain Bellemare is hoping the company's CSeries jet program can turn a profit by 2020, and is in talks with the Canadian government about a further cash infusion into the program.
Posted on 11-17-2015 at 2:09 PM
CN Rail CEO expected to return to work in new year
CN Rail's CEO Claude Mongeau is expected to return to work in the new year following the discovery of a rare type of tumor in August.
Posted on 11-17-2015 at 1:34 PM
CP executive says rail mergers inevitable; won’t confirm Norfolk Southern talks
The chief operating officer of Canadian Pacific Railway Ltd. says rail mergers are bound to happen, but refused to confirm CP is in talks to buy Virginia-based Norfolk Southern Corp.
Posted on 11-17-2015 at 12:01 PM
Quebec to fund its CSeries stake via annual borrowing program
The Quebec government said on Monday its $1 billion investment in a partnership with Bombardier that is aimed at completing the company's CSeries jet program will be financed through the government's annual borrowing program.
Posted on 11-17-2015 at 9:52 AM
Three Canada pension funds to buy Chicago toll road for $2.8B
Three of Canada's largest pension fund managers said on Friday that they have agreed to acquire Skyway Concession Company LLC, which manages, operates and maintains the Chicago Skyway toll road, for a sum of $2.8 billion.
Posted on 11-13-2015 at 1:30 PM
Porter’s Toronto Island airport expansion will not proceed: Transport Minister
Canada's new transport minister Mark Garneau says the proposed extension of the Toronto Island Airport is dead in the water, resulting in another blow to Bombardier C Series jetliner program.
Posted on 11-13-2015 at 7:41 AM
Trudeau says Bombardier aid needs strong business case
The new leader, speaking to a closed meeting of the Canadian Labour Congress, made clear the government is considering some form of investment or subsidy but that it is not a given just because Bombardier is a storied Canadian company.
Posted on 11-10-2015 at 12:27 PM

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