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Activist investor demands changes at UK's FirstGroup

By Kate Holton LONDON (Reuters) - U.S. activist shareholder Sandell Asset Management went public on Wednesday with a demand for British transport operator FirstGroup <FGP.L> to split off its U.S. business to invest in its domestic arm. Sandell, which owns just over 3 percent of the struggling company, wrote to the directors of FirstGroup to urge them to spin off and float the U.S. unit which includes the yellow school buses that operate across 38 states in the United States.

Three kids critically injured in Alberta school bus crash, six seriously hurt

CROSSFIELD, Alta. - Three children were in critical condition in hospital Friday and six others were in serious but stable condition after the school bus they were in crashed into a truck north of Calgary, Alberta Health Services said. The students were being treated at Children's Hospital in Calgary. The female bus driver was in serious condition in another hospital.

Search for answers after student, 6, killed by school bus near Edmonton

ST. ALBERT, Alta. - RCMP and school officials in Alberta are investigating after a school bus hit and killed a six-year-old boy as he was walking to class. Several students were on the bus when it hit the child early Friday in St. Albert, a bedroom community north of Edmonton. The boy had been walking with other children to Ecole Marie Poburan, a French immersion Catholic elementary school, said Const. M.J. Burroughs. The boy was crossing a road across from the school and the bus was turning right, she said.

Student Transportation Q4 profit narrows to US$6.7M; revenue up at $122.3M

BARRIE, Ont. - School bus operator Student Transportation Inc. (TSX:STB) is reporting lower net income in its fiscal fourth quarter despite an increase in revenue. The Ontario-based company, which operates throughout the U.S. and Canada, reported Monday that net income fell to US$6.7 million, or eight cents per share, in the three months ended June 30. That was down from US$9.2 million or 12 cents per share in the same year-earlier period even though revenue rose to US$122.3 million from US$103.4 million.
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