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

Bill 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. CP Rail Hikes Quarterly Dividend By 17%

    DOW JONES NEWSWIRESCanadian Pacific Railway Ltd. (CP) said its board has approved a 17% increase in the company's quarterly dividend, to 35 Canadian cents a share fr...

  2. 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...

  3. 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 ...

  4. 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...

  5. Burger King Beckons Investors Once Again With Planned Listing

    Burger King Holdings Inc. is putting the "fast" in the fast-food business.Less than 18 months since the struggling hamburger chain was taken private by Brazilian-bac...

  6. 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...

  7. Canadian Pacific 4Q Net Up 19% On Stronger Revenue

    DOW JONES NEWSWIRESCanadian Pacific Railway Ltd.'s (CP) fourth-quarter earnings rose almost 19% on stronger revenue, though operating expenses and average fuel price...

  8. CN Railway Boosts Dividend On Better-Than-Expected 4Q Results

    DOW JONES NEWSWIRESCanadian National Railway Co. (CNI) posted stronger-than-expected fourth-quarter results on a 4% improvement in carloadings, leading the Montreal-...

  9. 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 ...

  10. Target To Again Suspend Efforts To Sell Credit-Card Receivables

    (Updated with details throughout.)Target Corp. (TGT) said it will again suspend its efforts to sell its credit-card receivables until later this year and outlined pl...

  11. 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. ...

  12. 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...

  1. Canadian Pacific Receives 72-Hour Strike Notice From Union

    Canadian Pacific Railway Ltd. (CP, CP.T) said Saturday it may be forced to shut down its railroad operations in Canada as early as Wednesday if it fails to end a lab...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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 ...

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