Persing Square

Shares of Canadian Pacific Railway (NYSE: CP) are trading lower on the session by 2.80%, at $62.76. This comes after Bill Ackman, hedge manager at Pershing Square Capital, reported a 12.2% stake in the railway with the Securities and Exchange Commission. Mr. Ackman has control over 20.6 million...

What a difference a few days makes. Family Dollar (NYSE: FDO) reported better than expected earnings this morning, raised its guidance, and announced it would be buying back an additional $250 million worth of stock. The Charlotte-based company reported earnings of 66 cents per share on $2.13...