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The Dow Jones Industrial Average is ridiculous — and its 20,000-point milestone doesn't matter + MORE Jan 17th
The Dow Jones Industrial Average is a terrible way of measuring the economy and the stock market, experts agree, which is why its imminent 20,000-point milestone is meaningless..... More »
Why Hollywood Celebrities Are Petitioning Against a Canadian Bank Mar 22nd
Royal Bank of Canada’s financial support for the Coastal GasLink pipeline is generating some star-studded opposition.
More than 65 celebrities, including award-winning actors, directors and musicians, have joined Indigenous climate activists in signing a petition calling on RBC and its subsidia.... More »
SNC-Lavalin says CEO Neil Bruce is retiring - CBC.ca Jun 11th
SNC-Lavalin says CEO Neil Bruce is retiring CBC.caNeil Bruce, SNC-Lavalin Group Inc.'s chief executive, is stepping down from the beleaguered engineering giant after a nearly four-year tenure that saw its stock ...View full coverage on Google News.... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
Why Bay Street and Trudeau don’t see eye to eye Mar 18th
THE CANADIAN PRESS/Adrien Veczan
Prime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert thei.... More »
Using the Brexit sell-off as an invaluable investing stress test
– theglobeandmail.com
How did balanced mutual funds, index-tracking exchange-traded funds and low-volatility funds fare following the EU referendum?
Weekly Summary Corporate dividends, name changes, new listings
– canadianbusiness.com
NEW YORK, N.Y. – Changes announced in corporate dividends Jun. 27-Jul. 1.
INCREASED DIVIDENDS
Bank of the Ozarks .16 from .155
Darden Restaurants .56 from .50
Empire Resources .04 from .025
Worthington Industries .20 from .20
g- Canadian funds
OTHER CORPORATE NEWS AND LISTINGS
DECLARED STOCK SPLITS
Core-Mark Holding Company 2 for 1 split
STOCK SPLITS THIS WEEK
Axcelis Technologies 1 for 4 reverse split
China Ceramics Co 1 for 8 reverse split
Elbit Imaging Ltd 1 for 3 reverse split
Oculus Innovative Sciences 1 for 5 reverse split
ACQUISITIONS AND MERGERS
MINIMUM VALUE $100 MILLION
B. Riley Financial Inc – United Online Inc(170M)
Emera Inc – TECO Energy Inc(6.6B)
Pfizer Anacor Pharmaceuticals Inc(5.2B)
Southern Company – AGL Resources Inc(8B)
Townebank – Monarch Financial Inc(220M)
TransCanada PipeLine USA Ltd – Columbia Pipeline Group(13B)
NEW STOCK LISTINGS
NYSE
Dynergy Inc 7pc pfd
HarbourOne Bancorp Inc
KKR & Co 6.5pc pfd B
NASDAQ GLOBAL AND GLOBAL SELECT MARKETS
Government Property Income Trust (from NYSE)
Hospitality Property Trust (from NYSE)
Hospitality Prop Tr pfd D (from NYSE)
Real Estate Income Fund (from NYSE)
Select Income REIT (from NYSE)
Senior Housing Property Trust (from NYSE)
TravelCenters of America (from NYSE)
STOCKS REMOVED FROM TRADING
NYSE
Southcoast Financial Corp
OIBR Oi SA
NASDAQ GLOBAL AND GLOBAL SELECT MARKETS
The Phoenix Companies Inc
CORPORATE NAME CHANGES
Greatbatch Inc to Integer Holdings Corp
UBIC Inc ADS to FRONTEO Inc ADS
The post Weekly Summary Corporate dividends, name changes, new listings appeared first on Canadian Business – Your Source For Business News.
INCREASED DIVIDENDS
Bank of the Ozarks .16 from .155
Darden Restaurants .56 from .50
Empire Resources .04 from .025
Worthington Industries .20 from .20
g- Canadian funds
OTHER CORPORATE NEWS AND LISTINGS
DECLARED STOCK SPLITS
Core-Mark Holding Company 2 for 1 split
STOCK SPLITS THIS WEEK
Axcelis Technologies 1 for 4 reverse split
China Ceramics Co 1 for 8 reverse split
Elbit Imaging Ltd 1 for 3 reverse split
Oculus Innovative Sciences 1 for 5 reverse split
ACQUISITIONS AND MERGERS
MINIMUM VALUE $100 MILLION
B. Riley Financial Inc – United Online Inc(170M)
Emera Inc – TECO Energy Inc(6.6B)
Pfizer Anacor Pharmaceuticals Inc(5.2B)
Southern Company – AGL Resources Inc(8B)
Townebank – Monarch Financial Inc(220M)
TransCanada PipeLine USA Ltd – Columbia Pipeline Group(13B)
NEW STOCK LISTINGS
NYSE
Dynergy Inc 7pc pfd
HarbourOne Bancorp Inc
KKR & Co 6.5pc pfd B
NASDAQ GLOBAL AND GLOBAL SELECT MARKETS
Government Property Income Trust (from NYSE)
Hospitality Property Trust (from NYSE)
Hospitality Prop Tr pfd D (from NYSE)
Real Estate Income Fund (from NYSE)
Select Income REIT (from NYSE)
Senior Housing Property Trust (from NYSE)
TravelCenters of America (from NYSE)
STOCKS REMOVED FROM TRADING
NYSE
Southcoast Financial Corp
OIBR Oi SA
NASDAQ GLOBAL AND GLOBAL SELECT MARKETS
The Phoenix Companies Inc
CORPORATE NAME CHANGES
Greatbatch Inc to Integer Holdings Corp
UBIC Inc ADS to FRONTEO Inc ADS
The post Weekly Summary Corporate dividends, name changes, new listings appeared first on Canadian Business – Your Source For Business News.
Investor Derby: Gold leads the market in 2Q
– canadianbusiness.com
NEW YORK, N.Y. – Gold shone brighter than any other investment in an up-and-down quarter.
Over the last few months gold continued to recover its appeal as investors reacted to a host of worries. Real estate also outperformed the market, as it’s done in recent years.
Most types of investments did fairly well in the second quarter as the market put the winter’s woes in the rearview mirror. A wave of nervousness over Britain’s vote to leave the European Union washed over the market in late June, but many of those losses were undone by the three-day rally that ended the quarter.
An analysis of nine different types of investments by The Associated Press showed that eight gained value in the second quarter. Only large-cap companies based overseas lost value.
Those stocks plunged in June as investors worried Britain might vote to leave the EU, and when that was confirmed, they fell further. They wound up with a small loss in the second quarter, but they have tumbled over the last year as investors feared for the health of the global economy…
Over the last few months gold continued to recover its appeal as investors reacted to a host of worries. Real estate also outperformed the market, as it’s done in recent years.
Most types of investments did fairly well in the second quarter as the market put the winter’s woes in the rearview mirror. A wave of nervousness over Britain’s vote to leave the European Union washed over the market in late June, but many of those losses were undone by the three-day rally that ended the quarter.
An analysis of nine different types of investments by The Associated Press showed that eight gained value in the second quarter. Only large-cap companies based overseas lost value.
Those stocks plunged in June as investors worried Britain might vote to leave the EU, and when that was confirmed, they fell further. They wound up with a small loss in the second quarter, but they have tumbled over the last year as investors feared for the health of the global economy…
Business Highlights
– canadianbusiness.com
___
As desire to acquire mounts, so does risk of losses
NEW YORK (AP) — Goodwill — mankind needs more of it, but there may be far too much in the financial world.
Goodwill is the accounting term for the premium that companies pay when they buy each other, over the value of the actual assets being purchased. Thanks to a wave in corporate deals over the past few years, the amount of goodwill sitting on balance sheets of companies in the Standard and Poor’s 500 index has ballooned to $2.5 trillion. That’s 50 per cent more than at the end of the last deal boom in 2007, according to FactSet.
If history repeats, many of the deals won’t work out as planned and much of the goodwill will turn into losses.
___
Tesla crash could hurt sentiment on driverless cars
DETROIT (AP) — It was the crash the auto industry knew was coming but still feared.
The death of a driver who was using Tesla Motors’ semi-autonomous mode could add to the public’s apprehension of driverless cars even before they reach the road in big numbers…
As desire to acquire mounts, so does risk of losses
NEW YORK (AP) — Goodwill — mankind needs more of it, but there may be far too much in the financial world.
Goodwill is the accounting term for the premium that companies pay when they buy each other, over the value of the actual assets being purchased. Thanks to a wave in corporate deals over the past few years, the amount of goodwill sitting on balance sheets of companies in the Standard and Poor’s 500 index has ballooned to $2.5 trillion. That’s 50 per cent more than at the end of the last deal boom in 2007, according to FactSet.
If history repeats, many of the deals won’t work out as planned and much of the goodwill will turn into losses.
___
Tesla crash could hurt sentiment on driverless cars
DETROIT (AP) — It was the crash the auto industry knew was coming but still feared.
The death of a driver who was using Tesla Motors’ semi-autonomous mode could add to the public’s apprehension of driverless cars even before they reach the road in big numbers…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of July 5:
Gemphire Therapeutics – Northville, Mich., 3.75 million shares price $11-$13, managed by Jefferies/RBC Capital Markets. Proposed Nasdaq symbol GEMP. Business: Developing a nonstatin therapy to treat high cholesterol.
Tactile Systems Technology – Minneapolis, 4 million shares priced $14-$16, managed by Piper Jaffray/William Blair/Canaccord Genuity. Proposed Nasdaq symbol TCMD. Business: Sell at-home compression therapy devices for vascular swelling.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
Week of July 5:
Gemphire Therapeutics – Northville, Mich., 3.75 million shares price $11-$13, managed by Jefferies/RBC Capital Markets. Proposed Nasdaq symbol GEMP. Business: Developing a nonstatin therapy to treat high cholesterol.
Tactile Systems Technology – Minneapolis, 4 million shares priced $14-$16, managed by Piper Jaffray/William Blair/Canaccord Genuity. Proposed Nasdaq symbol TCMD. Business: Sell at-home compression therapy devices for vascular swelling.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
