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Two Ways to Invest in Commercial Real Estate Oct 14th
Are you curious about investing in commercial real estate? This article will explain two ways you can get started.
Brick and Mortar Investing
This method is the traditional way to invest in commercial property – to purchase a property that will generate income for you, whether you conduct busi.... More »
High house prices got you down? Here are 3 ways to beat the odds Dec 17th
With the sluggish economy and tightened lending rules, being priced out of the real estate market is a reality for many, particularly those in Toronto and Vancouver. But whether your finances are limited or you simply don't want to overextend yourself, there are other options..... More »
CSX matches 4Q net income expectations, tops revenue forecasts + MORE Jan 13th
JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Tuesday reported fourth-quarter earnings increased by 15 per cent to $491 million.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 49 cents.
The results matched Wall Street expectations. The average estimate of analysts.... More »
At the open: TSX dips as financials, gold miners weigh + MORE Apr 10th
Wall St opens flat as earnings season approaches
.... More »
Toronto and Vancouver among global cities at greatest risk of housing bubble: UBS + MORE Sep 28th
ZURICH _ Toronto has topped the list of major global cities most at risk of a housing bubble with Vancouver ranking fourth, according to a new report by UBS Group AB.
It’s the first time Toronto has cracked the annual rankings compiled for the UBS Global Real Estate Bubble Index, where other t.... More »
Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm
– canadianbusiness.com
ATHENS, Greece – Greece’s prime minister and finance minister have both insisted any sale of state assets will be handled by the agency set up for this purpose and not by any firm based abroad and run by foreign management.
Premier Antonis Samaras and Finance Minister Yannis Stournaras were responding to rumours that Greece’s creditors, unimpressed by the pace of privatizations, are pushing for a foreign-based special purpose vehicle to handle the selloffs.
Stournaras told newspaper Ethnos that he “categorically denied” that Greece’s Asset Development Fund would be moved abroad.
The fund’s two last chairmen have resigned in the past six months, one to face unrelated legal issues and the other for improper contact with the buyer of the former state betting firm OPAP.
The post Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm appeared first on Canadian Business.
Premier Antonis Samaras and Finance Minister Yannis Stournaras were responding to rumours that Greece’s creditors, unimpressed by the pace of privatizations, are pushing for a foreign-based special purpose vehicle to handle the selloffs.
Stournaras told newspaper Ethnos that he “categorically denied” that Greece’s Asset Development Fund would be moved abroad.
The fund’s two last chairmen have resigned in the past six months, one to face unrelated legal issues and the other for improper contact with the buyer of the former state betting firm OPAP.
The post Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm appeared first on Canadian Business.
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Vodafone says it is in advanced talks to sell back Verizon stake for $130 billion
– canadianbusiness.com
NEW YORK, N.Y. – Vodafone says it is in advanced talks to sell its 45 per cent stake of Verizon Wireless back to the U.S. cellphone service provider for $130 billion in cash and stock, a deal which would be the second-largest on record if it goes through.
If an agreement is reached, Verizon would own its wireless business outright after buying the stake back from British cellphone company Vodafone PLC.
Vodafone said in a statement on Sunday there is no certainty that a final deal will be reached. Verizon Communications Inc. declined to comment.
The buyout, if finalized, would be second only to Vodafone’s $172 billion acquisition of Mannesmann AG in 2000, according to research firm Dealogic.
It would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. It would also give Verizon Communications the opportunity to boost its quarterly earnings, as it would no longer have to share a portion of proceeds from the nation’s No. 1 wireless carrier with Vodafone…
If an agreement is reached, Verizon would own its wireless business outright after buying the stake back from British cellphone company Vodafone PLC.
Vodafone said in a statement on Sunday there is no certainty that a final deal will be reached. Verizon Communications Inc. declined to comment.
The buyout, if finalized, would be second only to Vodafone’s $172 billion acquisition of Mannesmann AG in 2000, according to research firm Dealogic.
It would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. It would also give Verizon Communications the opportunity to boost its quarterly earnings, as it would no longer have to share a portion of proceeds from the nation’s No. 1 wireless carrier with Vodafone…
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
RI bankruptcy trustee wants to explore bringing claims against former 38 Studios officials
– canadianbusiness.com
PROVIDENCE, R.I. – The federal bankruptcy trustee in the 38 Studios case wants to explore opening a second legal front in the bid to recoup losses from the failed $75 million state investment in former Red Sox pitcher Curt Schilling’s defunct video game company.
The state Economic Development Corp. last week voted to allow the trustee to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, Thomas Carlotto, an attorney for the agency, said. He said it could be a “fruitful and beneficial” course of action.
“There is the potential that he can bring in additional monies,” Carlotto said.
The EDC already is suing Schilling, other company executives and some of its own former officials over the $75 million loan guarantee the EDC board approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence.
The company filed for bankruptcy last year. The state is now on the hook for about $90 million related to the deal, which was financed with bonds…
The state Economic Development Corp. last week voted to allow the trustee to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, Thomas Carlotto, an attorney for the agency, said. He said it could be a “fruitful and beneficial” course of action.
“There is the potential that he can bring in additional monies,” Carlotto said.
The EDC already is suing Schilling, other company executives and some of its own former officials over the $75 million loan guarantee the EDC board approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence.
The company filed for bankruptcy last year. The state is now on the hook for about $90 million related to the deal, which was financed with bonds…
