Canadian Pacific and the Teamsters Canada Rail Conference, which represents more than 3,000 conductors, engineers and yard workers at the railway, disagreed over what triggered the breakdown in talks. The railway has been in negotiations and mediation since September with the union, which seeks increased wage and pension benefits and more rest times.
Read more here.
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Pakistan Reaches Deal With Mining Companies
Two mining companies resolved a decadelong dispute with Pakistan, officials said, in a deal that will restart work on a giant copper mine and spare the country from having to pay billions in compensation.
Canada's Barrick Gold and Chile's Antofagasta had stopped preliminary work in 2011 when Pakistani authorities refused to grant them a mining license to develop the Reko Diq mine, located in the poor and sparsely populated western province of Balochistan.
Under the agreement, Pakistan will buy out Antofagasta's interest in the mine for $900 million, according to the two companies and the government. Barrick and Pakistan will split ownership of the mine evenly.
Read more here.
Expected Major Events for Monday
00:01/UK: Mar Rightmove Monthly House Price Index
07:00/GER: Feb PPI
11:00/UK: Feb Aluminium Production report
12:30/US: Feb CFNAI Chicago Fed National Activity Index
14:00/US: 4Q Quarterly Financial Report - Retail Trade
14:00/US: 4Q Quarterly Financial Report - Industry
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
ARC Group Worldwide Inc (ARCW) is expected to report for 2Q.
Adverum Biotechnologies Inc (ADVM) is expected to report $-0.42 for 4Q.
Akerna Corp (KERN) is expected to report for 4Q.
Alexco Resource Corp (AXU,AXU.T) is expected to report for 4Q.
Americas Silver Corp (SMNPF) is expected to report for 4Q.
Aura Minerals is expected to report for 4Q.
Avcorp Industries is expected to report for 4Q.
Biosig Technologies Inc (BSGM) is expected to report for 4Q.
Canterbury Park Holding (CPHC) is expected to report for 4Q.
Crexendo (CXDO) is expected to report $-0.01 for 4Q.
DXI Capital Corp (DXI.H.V) is expected to report for 4Q.
DarioHealth Corp (DRIO) is expected to report for 4Q.
Energy Fuels (EFR.T,UUUU) is expected to report $0.02 for 4Q.
Forte Biosciences Inc (FBRX) is expected to report for 4Q.
HG Holdings Inc (STLY) is expected to report for 4Q.
Idera Pharmaceuticals Inc (IDRA) is expected to report $-0.46 for 4Q.
Kaspien Holdings Inc (KSPN) is expected to report for 4Q.
Kinnate Biopharma Inc (KNTE) is expected to report for 4Q.
Marinus Pharmaceuticals Inc (MRNS) is expected to report for 4Q.
NIKE Inc (NKE) is expected to report $0.75 for 3Q.
Noble Romans Inc (NROM) is expected to report for 4Q.
Nortech Systems Inc (NSYS) is expected to report for 4Q.
Oragenics Inc (OGEN) is expected to report $-0.09 for 4Q.
Oric Pharmaceuticals Inc (ORIC) is expected to report for 4Q.
PhaseBio Pharmaceuticals Inc (PHAS) is expected to report $-0.51 for 4Q.
STRATA Skin Sciences Inc (SSKN) is expected to report $-0.03 for 4Q.
Serinus Energy PLC (SEN-WA,SENX.LN) is expected to report for Full year.
Statera Biopharma Inc (STAB) is expected to report for 4Q.
TELA Bio Inc (TELA) is expected to report for 4Q.
Vidler Water Resources Inc (VWTR) is expected to report for 4Q.
VolitionRX Ltd (VNRX) is expected to report $-0.14 for 4Q.
Western Energy Services (WRG.T) is expected to report for 4Q.
Willamette Valley Vineyards Inc (WVVI) is expected to report for 4Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Allstate Raised to Strong Buy From Outperform by Raymond James
Cummins Cut to Neutral From Buy by UBS
Guidewire Software Raised to Market Outperform From Market Perform by JMP Securities
HarborOne Bancorp Cut to Underweight From Neutral by Piper Sandler
Joann Cut to Neutral From Overweight by Piper Sandler
MongoDB Raised to Buy From Neutral by UBS
NN Inc Cut to Sector Weight From Overweight by Keybanc
Noodles Cut to Neutral From Overweight by Piper Sandler
Omnicom Raised to Buy From Hold by Argus Research
Park-Ohio Holdings Cut to Sector Weight From Overweight by Keybanc
Staar Surgical Raised to Buy From Neutral by BTIG
Talis Biomedical Cut to Sell From Neutral by BTIG
Targa Resources Raised to Buy From Neutral by Mizuho
Tractor Supply Raised to Outperform From Perform by Oppenheimer
TransUnion Cut to Neutral From Buy by Goldman Sachs
United Airlines Raised to Neutral From Underperform by Exane BNP Paribas
Wingstop Cut to Underweight From Overweight by Piper Sandler
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
03-21-22 0611ET
