SA: Canadian Pacific drops amid DOJ call for railroad regulator to block Kansas City deal
SEEKING ALPHA reports: Canadian Pacific (NYSE:CP) dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. ...
SEEKING ALPHA reports:
– Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.
– CRM rose 1.8% in premarket trading.
– “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” co-CEO Marc Benioff wrote in a letter to employees.
– CRM will also exit real estate and reduce office space in some markets…
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What next for Maersk, MSC and the other alliances?
Ocean rates ex-Asia under pressure, while PSSs return to the transatlantic
Maersk's extra insurance offer for boxes just 'another money-spinner'
Capacity control by the biggest carriers will prevent rates tumbling further
Bullish MSC continues to strengthen its fleet for life after the 2M
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