The improved financial targets come as CP says it hit a number of its financial and operational objectives two years earlier than expected.
The four-year plan is the second long-term road map put forth by Hunter Harrison since he became CEO in 2012; Under Harrison, CP's operating ratio has improved to the mid-60% range and its share price has tripled.
Activist investor Starboard Value has disclosed a 9.9% stake in RealD (NYSE:RLD), and has offered to buy the rest of the company for $12/share. The price represents a 29% premium to RealD's Wednesday close.
Starboard says it doesn't believe RealD is "best positioned to execute against its future opportunities as a public company," and thinks its near-term performance "may suffer given the challenged release schedule for 3D films."
Stephane Richard, the CEO of giant French telco Orange (ORAN -2.6%), has confirmed to Le Monde Orange will offer Netflix's (NFLX -2.8%) services to pay-TV clients through its set-tops. "The negotiations were tough but are finished. There is no reason to penalize Orange customers, who will have a much better experience using Netflix through the box."
Orange had 5.78M French TV subs at the end of Q2. Netflix launched in France (and several other European markets) last month, and has already struck a deal with Orange rival Bouygues.
European pay-TV providers have generally been more willing to partner with Netflix than their American peers, who often view the company as a threat.
"Coca-Cola (KO -0.2%) has finally conceded that the equity compensation plan it put to a vote of shareholders in April was outrageously excessive and inconsistent with past plans," says David Winters, responding to changes announced today to the company's pay plan.
Citing "shareholder engagement" a number of times in its press release (i.e. a chat with Warren Buffett), Coca-Cola says the new guidelines "further align compensation to the long-term interests of shareowners."
The last word goes to Winters: "Today's statement by Coca-Cola only calls into question the competence and leadership of the board of directors and management. Much more work has to be done to revitalize Coca-Cola and restore trust in the company.”