Canadian Pacific asks Kansas City to reject rival offer, reaffirms takeover plan

Canadian Pacific Railway Ltd on Thursday reiterated its commitment to buy Kansas City Southern and asked the U.S. railroad operator to reject rival Canadian National Railway’s takeover offer. Kansas City last week accepted Canadian National’s $33.6 billion bid, upending a prior $29 billion deal with Canadian Pacific, which has until the end of Thursday to […]

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How Ford burned $12 billion in Brazil

Now the automaker he founded is once again licking its Brazilian wounds, having abandoned production in the challenging market after burning through roughly 61 billion reais ($11.6 billion) in the past decade. Ford Motor Co (F.N) announced the closure of its manufacturing plants in January, dealing a heavy blow to its more than 5,000 workers […]

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