E. HUNTER HARRISON, a veteran railway executive, tried retiring in 2010, after he made Canadian National (CN), a formerly state-owned company, the best-performing of the large railways in North America. But once he pocketed the gold watch and attended the retirement party he faced a void that raising and training horses for showjumping did not fill. By mid-2012 he was back at the helm of another railway, Canadian Pacific (CP), whose glory days were long past. Once he had turned around CP, he didn’t make the same mistake again. On January 18th the 72-year-old Tennesseean both announced his departure and entered negotiations with Florida-based CSX to become that railway’s CEO. Just the rumour that Mr Harrison might be moving to CSX caused the share price to rise by 23% in 24 hours. It continued to rise when the negotiations became public. At last, on March 6th, CSX appointed Mr Harrison as CEO and met the condition set by Mantle Ridge, an activist hedge fund with which he has partnered, to name five new board directors. Mr Harrison made long-term shareholders in CP and CN rich, tripling profits at both during his tenures. CSX shareholders expect the same. ...
Iran’s judiciary has indicted a member of the country’s team that negotiated the nuclear deal with world powers, a spokesman said Sunday, likely an Iranian-Canadian national previously detained by authorities on suspicion of espionage.
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Describing the Quebec mosque shooting as ‘senseless’ avoids the connection between extremist violence against Muslims and draconian national security policy, says Azeezah Kanji Help support The Real News by making a donation today: http://therealnews.com/donate
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Canadian National (cni) reported better-than-expected earnings in the quarter.
The picture to have emerged thus far is an extremely optimistic one with both the top- and bottom lines expanding.
Let's see how things are shaping up for United Technologies (UTX) this earnings season.
Kansas City Southern (KSU) reported lower-than-expected earnings in the quarter.
Canadian National (CNI) seems poised to beat estimates in the upcoming earnings season, as it has a favorable Zacks Rank and a positive ESP.
Let's see how things are shaping up for 3M (MMM) this earnings season.