Senate Panel Examines Airline Merger Proposal Lawmakers questioned the top executives of US Airways and Delta about what the deal would mean for travelers.... Read Full Article China-U.S. Talks Continue, Amid Legal Volleys A year after the United States began a ’strategic economic dialogue? with China, the word ?dialogue? hardly seems to apply.... Read Full Article Gilead’s Drug Is Approved To Treat A Rare Disease Gilead Sciences won approval for a new drug to treat a life-threatening lung disease, stealing a march on Encysive Pharmaceuticals.... Read Full Article World Business Briefing: Canada: Barrick Takes A Charge The Barrick Gold Corporation reported a first-quarter loss as it took a $557 million charge to exit hedge positions and take advantage of strong spot gold prices. Barrick, the world’s biggest gold pro... Read Full Article Sex And Lies On The Cyberspace Hustings If you want gossip on the love life of Ségolène Royal or a compromising video of Nicolas Sarkozy do not bother looking at the French newspapers or television, just switch on the computer... Read Full Article |
World Business Briefing: Canada: Railway Buying U.S. CarrierThe Canadian Pacific Railway agreed to buy the Dakota, Minnesota and Eastern Railroad Corporation, which operates in the Midwest. Canadian Pacific will expand its already extensive network in the United States by about 2,500 miles. Dakota and Eastern, based in Sioux Falls, S.D., operates in eight states. It has pursued a goal of being the third rail carrier in the Powder River Basin of Wyoming, the largest and fastest growing source of low-cost, low-sulfur coal in the United States. Frederick J. Green, chief executive of Canadian Pacific, said his company might pursue that expansion. Canadian Pacific is based in Calgary, Alberta. Tag CloudExternal InformationAdditional InformationThe Media Equation: Steve Jobs: iCame, iSaw, iCaved...Street Scene: The Year That Made Deal Makers Giddy... Stocks & Bonds: Bailout Unnerves Investors, and Shares Take Steep Fall... The markets’ vital rate-setting role... Where Am I?News Main Page - Business - World Business Briefing: Canada: Railway Buying U.S. Carrier |
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