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Wednesday, April 7, 2010 as of 11:14 AM ET

William Ackman

    William A. Ackman, more commonly known as Bill Ackman, (born May 11, 1966) is the founder and CEO of hedge fund Pershing Square Capital Management LP.

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    GLOBE & MAIL: Canadian Pacific Facing Strike Action

    Of THE GLOBE AND MAILTORONTO (Globe and Mail)--Canadian Pacific Railway Ltd.

    (CP.T) is facing a strike by 4,800 employees on Wednesday, posing the first major test for the company's new interim chief executive officer and revamped board of directors.CP is seeking to reduce pension costs as part of a strategy to turn around the freight carrier's underperforming operations.Railway industry veteran Stephen Tobias, appointed as CP's interim CEO last Thursday, is headed for a confrontation with union leaders from the Teamsters Canada Rail Conference.Teamsters officials are worried that Calgary-based CP will move to water down existing pensions and potentially place new hires on less costly plans.But the railway said its bargaining team has presented fair proposals."The offer on pension aligns with the industry and allows the railway to remain competitive as we invest in strategic infrastructure upgrades along our network," CP chief operations officer Mike Franczak said in a statement.The la...

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    1. Tumi Surges; HSN Names Merchandising Chief

      Luxury luggage and travel goods maker Tumi Holdings Inc. shares surged almost 50% on Thursday to $26 on its first day of trading as a public company on the New York ...

    2. Canadian Pacific Claims Pershing Ignoring Progress

      Canadian Pacific Railway Ltd. [s:ca:cp] on Monday said Bill Ackman's Pershing Square is ignoring the progress made by the railroad operator and rejected Ackman's dem...

    3. Bill Ackman's Pershing Square Sells Lowe's Stake

      Pershing Square Capital Management, run by activist value manager Bill Ackman, reported dumping its entire stake in home-improvement chain Lowe's . In a 13-F regulat...

    4. J.C. Penney to Cut Thousands of Jobs

      J.C. Penney (NYSE:JCP) reportedly plans to slash thousands of jobs nationwide as part of a massive overhaul of the department store, led by new CEO and former Apple ...

    5. Pershing Ups Stake In Canadian Pacific Railway

      Pershing Square Capital Management said Tuesday it increased its stake in Canadian Pacific Railway to 14.2% from 12.4% after buying three million shares this month. ...

    6. Pershing Seeks Changes At Canadian Pacific

      Pershing Square Capital Management, led by activist value investor Bill Ackman, said Thursday it's held "productive" discussions with Canadian Pacific Railway . In a...

    7. Ackman's Pershing Takes Stake In Lowe's

      Pershing Square Capital Management, run by activist value manager Bill Ackman, reported taking a new stake in home-improvement chain Lowe's . In a regulatory filing ...

    8. Fortune Brands Home Shares Bask In Pershing's Glow

      NEW YORK -- Fortune Brands Home & Security shares extended gains on Wednesday after an analyst at Bill Ackman's Pershing Square Capital Management on Tuesday touted ...

    9. J.C. Penney Allows Largest Shareholder to Increase His Stake

      FBN’s Adam Shapiro on J.C. Penney allowing William Ackman to increase his stake in the retailer.

    10. JC Penney Marketing Chief Retires; Incoming CEO To Name Replacement

      NEW YORK -( Dow Jones )- J.C. Penney Co.'s (JCP) longtime marketing chief Mike Boylson has retired, with his replacement to be chosen by the retailer's incoming chie...

    11. JC Penney Cuts 2Q EPS View As June Sales Disappoint

      -- Department-store retailer cuts second-quarter earnings-per-share estimate to about 6 cents from prior view of 20-24 cents-- Same-store sales grow 2% in June vs. a...

    12. Smart Money: Hedge funds see bargains in discount retail

      By Jessica WohlCHICAGO (Reuters) - With gas prices and unemployment high, low-income shoppers are not the only ones trying to find the best bargains in discount stor...

    1. Canadian Pacific Ends Bitter Proxy Battle

      U.S. activist investor Bill Ackman Thursday won a bitter proxy vote to shake up the board and replace the chief executive at Canadian Pacific Railway Ltd. (CP) after...

    2. Wal-Mart, Sears, J.C. Penney Up In Lower Sector

      Wal-Mart Stores Inc. shares rose 5%, the best performer on the Dow, after the company's fiscal first-quarter profit rose more than expected and its namesake U.S. cha...

    3. Canadian Pacific Rail CEO Departs

      Canadian Pacific Railway said Thursday Chief Executive Officer Fred Green has left the company, effective immediately. The Calgary company also said board members Jo...

    4. Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%

      Bill Ackman's Pershing Square Capital Management L.P. reported a significantly reduced stake in Kraft Foods Inc. (KFT), while keeping his other holdings largely unch...

    5. Advisory Firm Favors Ackman Over Canadian Pacific

      ISS Proxy Advisory Services on Thursday urged shareholders of Canadian Pacific Railway Ltd. to vote for board candidates nominated by activist investor Bill Ackman r...

    6. Ackman's Pershing Square Funds Gain 1% In April

      Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions.The $4.8 ...

    7. Canadian Pacific 1Q Net, Revenue Up As Operating Ratio Improves

      DOW JONES NEWSWIRESCanadian Pacific Railway Ltd.'s (CP) first-quarter earnings were in line with guidance provided by the rairoad earlier this month, and its operati...

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