Gawker founder Nick Denton has filed for personal bankruptcy + MORE Aug 1st

Bank of England governor Mark Carney speaks during a news conference at the Bank of England in London, Tuesday, July 5, 2016.  (Dylan Martinez/AP)
It’s after 8 a.m. on a sunny Friday in July when Bank of England governor Mark Carney climbs on stage at a downtown Toronto hotel. The topic of today’s sold-out breakfast event, hosted by federal Environment Minister Catherine McKenna and organized by the Toronto Region Board of Trade, is serious business: the risk of climate change sparking a 2008-sized global financial calamity. But Carney, previously Canada’s chief central banker, still manages to squeeze in a friendly game of inside baseball with this familiar and fawning Bay Street crowd. At one point, Carney wheels around in his upholstered chair and flashes a flinty-eyed grin — the same one that earns him comparisons to George Clooney — in the direction of a former colleague sitting in the front row. “Jean-Francois knows all about this,” Carney says of his penchant for tacking points, sub points and sub-sub points onto his lengthy arguments…

 

 
It’s amazing what can happen to the markets, and to investor confidence, in six short months. Half a year ago, one of Canada’s biggest finance service companies took the Canadian investor pulse and it could only have been described as luke-warm, at best.
Fast-forward to the start of August and these same investors are reporting a surge in confidence in all investment types—with the largest spike in stocks and fixed income (both increased by 10%).
“Optimism is growing amongst Canadians when it comes to investing,” said Philip Petursson, chief investment strategist at Manulife Investments. “As oil prices have rebounded, so has the Canadian equity market and the Canadian dollar. Investor sentiment seems to be feeding off these improvements.”
Manulife has been tracking investor sentiment since the year 2000, using a semi-annual survey and is based on investor views on a range of asset classes as well as their confidence in these areas.
According to this most recent survey, 50% of Canadians “feel they are on track with or ahead of their financial goals,” while 41% “feel that they will be in a better financial position in two years…

SAINT-LOUIS, Senegal – ST LOUIS (AP) _ Huttig Building Products Inc. (HBP) on Monday reported second-quarter earnings of $10.4 million.
On a per-share basis, the St. Louis-based company said it had net income of 41 cents. Earnings, adjusted to account for discontinued operations, were 23 cents per share.
The construction materials company posted revenue of $197.9 million in the period.
Huttig shares have risen 43 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.43, a climb of 67 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBP at http://www.zacks.com/ap/HBP
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Keywords: Huttig, Earnings Report
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NEW YORK, N.Y. – Gawker founder Nick Denton filed for personal bankruptcy Monday in the aftermath of a Florida jury’s awarding $140 million to Hulk Hogan in a privacy case revolving around a sex tape posted on Gawker.com.
As a result of the verdict, which is being appealed, Gawker’s parent company has gone into bankruptcy and is up for sale.
Denton’s bankruptcy filing Monday says he owes $125 million to Hogan, a former professional wrestler. Filing for bankruptcy helps him keep Hogan from collecting.
Overall, Denton’s filing says he has $100 million to $500 million in liabilities and that his assets are worth $10 million to $50 million.
Denton tweeted on Monday that it was a “bitter day” for him but that New York-based Gawker Media, home to blogs including women’s site Jezebel and the tech-themed Gizmodo as well as the snarky Gawker, would “thrive” under new owners. An auction is scheduled for mid-August.
Silicon Valley billionaire Peter Thiel bankrolled the lawsuit filed by Hogan, whose real name is Terry Bollea, against Gawker…