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Aust market ends lower
2016-04-18 11:31:24| Energy - Topix.net
Energy players, including Woodside Petroleum, Oil Search, Origin Energy led the falls after crude oil prices fell nearly six per cent as oil-rich nations failed to reach an agreement on freezing production at a summit in Doha, Patersons Securities economist Tony Farnham said. "So as a result, the prospects of an output freeze over an extended period is very much in doubt," Mr Farnham said.
Aust market ends lower
2016-04-18 09:56:48| Oil & Gas - Topix.net
Energy players, including Woodside Petroleum, Oil Search, Origin Energy led the falls after crude oil prices fell nearly six per cent as oil-rich nations failed to reach an agreement on freezing production at a summit in Doha, Patersons Securities economist Tony Farnham said. "So as a result, the prospects of an output freeze over an extended period is very much in doubt," Mr Farnham said.
Aust market ends week higher
2016-04-16 05:55:41| Agriculture - Topix.net
The Australian share market closed higher for a fourth consecutive day, thanks to gains in resource giants BHP Billiton and Woodside Petroleum, plus retailers Wesfarmers and Woolworths. Macquarie Private Wealth division director Lucinda Chan said it's been "quite a strong week for the market" as investors await the upcoming US earnings season.
Ackman-Backed Plan Fizzles as Canadian Pacific Ends Norfolk Bid
2016-04-11 22:22:14| Trucking - Topix.net
Canadian Pacific Railway Ltd. abandoned its bid to buy Norfolk Southern Corp. after five months of public efforts and several rejected bids, dealing a setback to investor Bill Ackman, who championed the transaction. The deal, valued at $27 billion, would have been the largest railroad merger since regulators changed their criteria for approving combinations in 2001.
Ackman-Backed Plan Fizzles as Canadian Pacific Ends Norfolk Bid
2016-04-11 22:11:08| Air Courier - Topix.net
Canadian Pacific Railway Ltd. abandoned its bid to buy Norfolk Southern Corp. after five months of public efforts and several rejected bids, dealing a setback to investor Bill Ackman, who championed the transaction. The deal, valued at $27 billion, would have been the largest railroad merger since regulators changed their criteria for approving combinations in 2001.
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