Norfolk Newswire

Norfolk Newswire

Comprehensive Real-Time News Feed for Norfolk, VA.

Results 1 - 8 of 8 for "u:canadianbusiness.com" in Norfolk, VA

  1. Sale of Depression-era painting draws a federal lawsuitRead the original story

    Tuesday May 31 | Canadian Business Magazine

    A New Jersey art dealer trying to sell a Depression-era painting online has gotten an offer - a lawsuit from the federal government. The feds filed a lawsuit last week to lay claim to a painting that Cherry Hill art dealer Matthew Schwartz listed on eBay for $8,500 in October 2015.

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  2. Canadian Pacific Railway abandons bid to buy Norfolk Southern Corp.Read the original story

    Apr 11, 2016 | Canadian Business Magazine

    Canadian Pacific Railway Ltd has given up on its attempt to merge with Norfolk Southern Corp, a move that had been resisted by the Virginia-based railway company. Calgary-based Canadian Pacific initially proposed the deal in November, which would have created the largest railroad in North America.

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  3. Canadian Pacific approached CSX about deal while pursuing NSRead the original story

    Mar 2, 2016 | Canadian Business Magazine

    Canadian Pacific approached CSX railroad about a possible merger earlier this year while it continued to pursue its proposed takeover of rival Norfolk Southern. Canadian Pacific spokesman Martin Cej confirmed the railroad's interest in CSX.

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  4. License plate readers a double-edged sword for NY villageRead the original story w/Photo

    Feb 7, 2016 | Canadian Business Magazine

    When this Long Island village switched on its "ring of steel" last fall, it knew it was getting a potent policing tool. The system of 27 cameras would scan the license plate of every single vehicle that rolled into town.

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  5. Canadian Pacific sweetens offer to buy Norfolk Southern railroad with variable paymentRead the original story

    Dec 16, 2015 | Canadian Business Magazine

    Canadian Pacific is increasing its offer to buy Norfolk Southern railroad by adding an additional payment that would vary depending on the stock price of the new company. Canadian Pacific CEO Hunter Harrison said Wednesday that his company remains committed to the deal despite Norfolk Southern's opposition.

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  6. Canadian Pacific criticizes assumptions Norfolk Southern is making about proposed rail mergerRead the original story

    Dec 15, 2015 | Canadian Business Magazine

    Canadian Pacific says one of the main reasons Norfolk Southern opposes merging the two railroads is based on flawed assumptions. Canadian Pacific issued a report Tuesday explaining why it believes regulators are likely to approve a merger of the two railroads.

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  7. Canadian Pacific revises buyout offer for rival railroad operator Norfolk SouthernRead the original story

    Dec 8, 2015 | Canadian Business Magazine

    Canadian Pacific has revised its takeover bid for Norfolk Southern, saying that it should ease fears that the railroad deal would be shot down by regulators. The new offer is valued at $91.62 per share and includes $32.86 in cash per share and a fixed exchange ratio of 0.451 shares in the combined company.

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  8. Canadian Pacific wants to buy railroad rival Norfolk Southern but doesn't disclose price bidRead the original story

    Nov 17, 2015 | Canadian Business Magazine

    The company did not disclose the price Tuesday but said the offer includes a "sizable premium in cash and stock" to Norfolk shareholders. A Norfolk Southern representative could not be reached immediately.

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