CSX extends director deadline as activist seeks CEO ouster

CSX Corp has extended the director nomination deadline for its board of directors, giving the U.S. railroad company more time to reach an agreement with an activist investor and industry veteran Hunter Harrison. NEW YORK: CSX Corp has extended the director nomination deadline for its board of directors, giving the U.S. railroad company more time to reach an agreement with an activist investor and industry veteran Hunter Harrison.

Canada Stocks-TSX rises, led by CP Rail on railroad merger prospects

TORONTO, Jan 19 Canada's main stock index edged higher on Thursday, helped by a jump in Canadian Pacific Railway shares on prospects of consolidation in the railroad industry and a rebound of uranium producer Cameco Corp. Canadian Pacific Railway rose nearly 4 percent to C$200.11 a day after saying its chief executive, Hunter Harrison, would leave five months earlier than originally expected and reporting a lower-than-expected adjusted quarterly profit. "Many people believe that there will be consolidation in this industry," said John Stephenson, president & CEO of Stephenson & Company Capital Management.