GFM Network News


Canada keen to boost ties, seal trade pact with India

Gandhinagar, India | Reuters –– Canada is keen to boost its business ties with India and is moving forward with attempts to seal a trade pact, Canada’s minister of infrastructure and communities told Reuters. “There is an emphasis on signing a trade agreement with India,” Amarjeet Sohi said in an interview Tuesday. “The process was […] Read more



CP revises hostile bid for Norfolk Southern, again

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more







Strike looms as talks between union, CN break down

Talks between the railroad workers’ union and Canadian National Railway have broken down, raising the possibility of a strike or a lockout by Oct. 28 at the country’s largest railroad operator, the union said Monday. The Teamsters Canada Rail Conference (TCRC), which represents some 3,300 conductors, trainmen, yardmen and traffic co-ordinators, said the company rejected […] Read more


Proxy fight brewing for Agrium board

The drawn out battle between Agrium and its largest shareholder Jana Partners looked set for a bruising proxy battle on Tuesday, a day after the activist hedge fund rejected Agrium’s call for a truce. The fertilizer maker and farm products retailer threw down the gauntlet late on Monday by nominating David Everitt and Mayo Schmidt […] Read more

Agrium pressured for change in proxy battle

Hedge fund Jana Partners on Monday escalated its effort to overhaul fertilizer and ag retail giant Agrium, by nominating a slate of board candidates to buttress its demand that the fertilizer company split up its wholesale and retail divisions. New York-based Jana, Agrium’s largest shareholder, has been pressuring the fertilizer maker and farm products retailer […] Read more