The Procter & Gamble Company (PG) held its annual shareholders meeting yesterday, where the company’s shareholders and executives shared their perspective on the upcoming innovation and product-line strategy.
P&G’s CEO Alan G. Lafley was the main speaker at the meeting. He talked about the company’s vision and how it builds customer-centered brands and products that add value for customers, employees, and shareholders alike.
Canadian Pacific Railway Limited (CP) reportedly proposed a merger deal with US rail giant, CSX Corp. (CSX) on the back of an improving industry environment. The news was first reported by The Wall Street Journal, which cited anonymous sources about the proposal to combine two of the largest rail
The race to build natural gas export terminals on Canada’s Pacific Coast is inspiring another competition as producers including Painted Pony Petroleum Ltd. position themselves as potential takeover targets.
Developers of the gas-rich Montney shale that straddles Alberta and British Columbia are among the best-performing Canadian energy stocks this year, including Painted Pony, Crew Energy Inc. and Birchcliff Energy Ltd. Regulators estimate the Montney, the supply source closest to the sites of proposed LNG terminals, contains 145 years worth of Canadian gas consumption.
Workers at Canadian Pacific Railway Limited (USA) (NYSE:CP) renounced their strike and returned to work yesterday, after spending only a day-and-a-half on the picket lines. They have now agreed to bind arbitration just before the federal government put its proposed back-to-work legislation on the back burner.
Canadian Pacific Railway Ltd. says it will meet its financial targets two years early and has set an ambitious set of new goals for 2018, including more than doubling its earnings per share.
“Our transformation over the last two years has been nothing short of remarkable, but the journey is far from over,” CEO Hunter Harrison said in a statement Wednesday.
By Zacks Investment Research:
With decent levels of growth both in the U.S. and abroad, many cyclical sectors have rebounded quite strongly in 2013, with transports leading the way in this regard. This shouldn’t be too surprising to many investors, as this important market segment has a history of leading stocks out of sluggish market environments, and this recent rally has been no different.
Growth prospects for smaller oil- sands producers including BlackPearl Resources Inc. and Southern Pacific Resource Corp. are fading as political wrangling over the Keystone XL pipeline and rising U.S. supply slow deals in the Canadian energy industry.