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Ferrari recalls 185 California T vehicles due to fuel leak risk

December 26, 2015 by · Leave a Comment 

(Reuters) – Ferrari North America Inc., a division of Ferrari NV , is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday. The higher risk of a leak, which increases the chances of fire, was the result of a manufacturing defect in a part provided by a supplier, according to a…

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Ferrari recalls 185 California T vehicles due to fuel leak risk

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Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid

November 18, 2015 by · Leave a Comment 

While Norfolk Southern said it would carefully evaluate the offer, its sour response represents a setback to Canadian Pacific as well as its largest shareholder, William Ackman's activist hedge fund Pershing Square Capital Management LP. Ackman, a big advocate of consolidation in the North American railway sector, recruited Hunter Harrison, who had previously been chief executive officer of Canadian National Railway Co , as CEO of Canadian Pacific in 2012. In a statement earlier on Tuesday announcing its offer to Norfolk Southern, …

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Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid