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Suncor wins over majority of Canadian Oil Sands shareholders + MORE Feb 6th
Suncor Energy Ltd. said Canadian Oil Sands Ltd. shareholders holding more than two-thirds of the stock tendered their shares in a C$4.3-billion ($3.2-billion) takeover that will make the country’s biggest crude producer also the largest owner of the Syncrude project in northern Alberta
.... More »
Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle + MORE Dec 18th
The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
Couche-Tard walks away from 7-Eleven bid, citing lack of good faith Jul 17th
Canada’s convenience store giant backed away from a blockbuster bid set to dramatically expanded its convenience store empire, when it pulled its proposal to buy the parent company of rival 7-Eleven on Wednesday.
Alimentation Couche-Tard has spent nearly a year courting Seven & i Holdin.... More »
Musk says Tesla shareholders voting yes for his $56 billion pay package - Yahoo Canada Finance + MORE Jun 13th
Musk says Tesla shareholders voting yes for his $56 billion pay package Yahoo Canada FinanceMusk says Tesla shareholders voting yes for his $56 bln pay package ReutersTesla stock pops 7% as Elon Musk declares victory in $46 billion pay vote QuartzMusk says he has Tes.... More »
Clinton bid a financial boon for strapped Democratic Party + MORE Feb 18th
Melina Mara/The Washington Post/Getty Images
WASHINGTON – Hillary Clinton isn’t yet the Democratic Party’s presidential nominee, but she’s already good for its bottom line.
The Democratic National Committee began the presidential election year almost $1 million in the hole – a .... More »
Lawmakers considering tax-incentive package to keep ADM headquarters in Illinois
– canadianbusiness.com
CHICAGO – Illinois lawmakers are considering a tax incentive package in hopes of persuading agribusiness giant Archer Daniels Midland Company not to move its global headquarters out of the state.
The proposal filed Friday in the Illinois House would give ADM a 10 per cent break on utility taxes for up to 30 years and a credit against some state income tax withholdings. The value of the incentives was not disclosed.
The package was introduced by state Rep. John Bradley, a Democrat from Marion who is chairman of the House Revenue and Finance Committee. The committee is scheduled to meet Tuesday in Chicago to consider “investment tax credits,” though specific legislation to be discussed has not been posted.
Bradley did not return phone messages left Friday and Saturday. Lawmakers are scheduled to return to Springfield in late October for a six-day fall session.
ADM, which has been based in the central Illinois city of Decatur for more than four decades, announced Monday it’s looking for a new headquarters with better global access…
The proposal filed Friday in the Illinois House would give ADM a 10 per cent break on utility taxes for up to 30 years and a credit against some state income tax withholdings. The value of the incentives was not disclosed.
The package was introduced by state Rep. John Bradley, a Democrat from Marion who is chairman of the House Revenue and Finance Committee. The committee is scheduled to meet Tuesday in Chicago to consider “investment tax credits,” though specific legislation to be discussed has not been posted.
Bradley did not return phone messages left Friday and Saturday. Lawmakers are scheduled to return to Springfield in late October for a six-day fall session.
ADM, which has been based in the central Illinois city of Decatur for more than four decades, announced Monday it’s looking for a new headquarters with better global access…
