Canadian Pacific Railway hikes dividend by 155 per cent

CALGARY — Canadian Pacific Railway Ltd. is raising its quarterly dividend by 15.5 per cent.The railway says it will now make a regular payment to shareholders of 65 cents per share, up from 56.25 cents per share.Based on the company’s closing share price of $238.76 on Wednesday it will have an annual yield of about 1.09 per cent.Canadian Pacific also said that it bought back about 4.4 million of its shares at a weighted average price of $214.31 in May.By buying back its stock, a company spreads its profits over fewer shares.That increases its return on equity and earnings per share, two key ratios used to determine a company’s financial health and investment rating. read more

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Atlas Copco wins rock reinforcement order from LKAB in Sweden

first_imgAtlas Copco has won an order to supply the iron ore mining company LKAB with equipment for rock reinforcement, for its Kiruna and Malmberget mines in Sweden. Kiruna is one of the largest underground mines in the world. The value of the order, which includes an extensive service agreement, is about SEK140 million. The order was received in the fourth quarter. The full service agreement runs for three years and will guarantee availability for all units. LKAB will use the equipment to implement an action plan to improve safety in the mines, which will be reinforced with 400,000 complementary bolts and 300,000 m2 of wire mesh.“We have a very close cooperation with LKAB regarding safety and are pleased to be able to contribute in achieving maximum safety for our colleagues who work in the mines,” says Björn Rosengren, Business Area President, Atlas Copco Construction and Mining Technique. “The functionality of our equipment, time of delivery and local service capabilities were strong arguments in winning this order.”The contract includes 10 Boltec LC rock-bolting rigs, one Boomer E2 C rig for bolt-hole drilling and one Cabletec LC for cable bolting. The equipment will be delivered during the first half of 2009.last_img read more

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Teenager dies trying to stop suicide bomber at his school in Pakistan

first_imgPEOPLE IN PAKISTAN are praising a teenage boy who residents and police say died this week while trying to stop a suicide bomber who was targeting his school in the country’s violence-prone north-west.Local police official Raheem Khan said today that 17-year-old Aitzaz Hasan died on Monday in a remote village in Hangu, a district in Khyber Pakhtunkhwa province.A teacher at the school told investigators that he saw Hasan chasing the attacker and then saw the attacker detonate the bomb that killed the teen, Khan said.Pakistani media reported that Hasan was late for school and that’s why he was outside when the attacker approached the building.The English-language Express Tribune newspaper reported that Hasan’s father, Mujahid Ali, was living and working in the United Arab Emirates when the attack occurred. Many men in the impoverished region are forced to move abroad, especially to the Gulf, to provide for their families.‘A hero’Ali told the newspaper that he had returned not to mourn his son but to celebrate his life.“My son made his mother cry, but saved hundreds of mothers from crying for their children,” he told the newspaper.Hangu in north-west Pakistan. (Image: Google Maps) Local resident Miqdar Khan said people in the district were hailing the teen as a hero, and hundreds of people attended his funeral to pay their respects. He said the teenager was known for openly criticising militants.“Aitzaz Hasan used to tell all that one day he would capture some suicide bomber, and his class fellows used to laugh,” he said. “But this boy proved what he said, and I am sad that he left us too early.”The area where Hasan lived is home to many members of the minority Shiite Muslim sect who have often been killed by militants who view them as heretics.Twitter reactionSuicide bombings and killings have become an everyday fact of life in many parts of Pakistan.A study by the Islamabad-based Pak Institute for Peace Studies found that terrorist attacks in 2013 increased by nine per cent over the previous year while the number of people killed in such incidents jumped by 19 per cent. The number of suicide attacks climbed by 39 per cent in the same period, the report found.In the face of such unremitting violence the image of a teenager giving his life to save his classmates captured the imagination of many in Pakistan.Hasan’s death led to an outpouring of emotion on television and on social media, where the hashtag #onemillionaitzazs quickly became a favorite among Twitter users.Pakistan’s former ambassador to the United States, Sherry Rehman, tweeted that Hasan should be given a medal: “Another young one with heartstopping courage.”(@sherryrehman/Twitter) Chaudhry Mohammed Sarwar, the governor of the eastern Punjab province, told Pakistan’s Dunya news channel that Hasan should be honored.“He is the hero of the whole nation as he has saved many lives by giving his own life,” Sarwar said.Read: Death toll from Russian suicide bombings rises to 33 > Column: Considering Benazir Bhutto’s mixed legacy, six  years on >last_img read more

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