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Latest News
Uber selling Southeast Asian business to regional rival Grab + MORE Mar 27th
BANGKOK _ Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business.
Grab said Monday that Uber will take a 27.5 per cent stake and a seat on its board as part o.... More »
Get Started: Businesses liable for fraudulent chip credit card transactions starting Thursday + MORE Sep 28th
APPROACHING DEADLINE
Starting Thursday, businesses that accept credit cards must be prepared to handle transactions with new chip-embedded cards or find themselves paying the bill in the event of fraud.
The credit card industry set Oct. 1 as the day when liability for fraud committed with the new ca.... More »
$4.6-billion power station to supply data centre near Edmonton gets green light - Financial Post Jul 2nd
$4.6-billion power station to supply data centre near Edmonton gets green light Financial PostCounty north of Edmonton approved to host energy generator for potential AI data centre CTV NewsPembina, partners go ahead with gas plant for data centre north of Edmonton C.... More »
What to consider when naming investment account beneficiaries Jun 24th
When opening certain investment accounts, investors may have the option to designate a beneficiary. It is important to consider the implications in order to minimize tax payable and ensure estate wishes are fulfilled upon the death of an account holder.
RRSP
Registered Retirement Savings Plans (RRSP.... More »
BlackBerry could get lift from government-Vodafone deal + MORE Dec 16th
Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry..... More »
Book sellers, caught off guard by Alice Munro's Nobel Prize, scramble to stock … – The Globe and Mail
– news.google.ca
Toronto StarBook sellers, caught off guard by Alice Munro's Nobel Prize, scramble to stock …The Globe and MailAlmost immediately after Alice Munro was announced the winner of the 2013 Nobel Prize for literature Thursday, an e-mail was sent to all Chapters Indigo stores. By noon Thursday, or end of day at the latest, the e-mail from managers read, all locations were …Munro wins Nobel prize for literatureToronto SunAlice Munro 'terribly surprised' to win Nobel Prize for literatureToronto StarAlice Munro wins Nobel Prize in literature, first Canada-based writer to win awardNational PostCalgary Herald -CBC.ca -CTV Newsall 547 news articles »
More questions than answers behind Lazaridis’ interest in BlackBerry
– canadianbusiness.com
Research in Motion co-CEO Mike Lazaridis gestures at the end of his keynote address to the BlackBerry DevCon Americas conference in San Francisco, Oct.18, 2011. BlackBerry co-founders Lazaridis and Douglas Fregin are looking at making a potential takeover bid for the troubled smartphone maker THE CANADIAN PRESS/AP/Eric RisbergBlackBerry co-founder Mike Lazaridis caused a stir Thursday with the news that he’s considering a bid for the floundering tech company, but analysts point out that it’s still not clear what the future holds for the Canadian smartphone maker.
“It’s not unusual for company founders of ailing companies to jump back into the fray once they see their babies are sick,” said Kevin Restivo, an analyst with IDC Canada.
What’s unclear, said Restivo, is what this means for the bid framework outlined by Prem Watsa’s Fairfax Financial Holdings. Fairfax released details of a conditional takeover bid in late September, valuing BlackBerry as a whole at US$4.7 billion, with a share price value of US$9…
Oliver travels to China to say investment opportunities in Canada not dried up
– canadianbusiness.com
OTTAWA – Natural Resources Minister Joe Oliver is off to China to tell investors there that their prospects in Canada remain strong after a bleak message from a former cabinet colleague said they’ve dried up.
Oliver said one of the objectives of the trip is to make the point that it is no more difficult for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago.
Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada’s lucrative oil and gas sector.
Prentice, a former industry minister, cited figures that showed a dramatic drop in the oil and gas sectors as well as mergers and acquisitions from China.
“It’s not true to say the Chinese investment prospects have dried up. It’s important to have those discussions to make sure that there is a clear understanding of where we’re coming from,” Oliver told The Canadian Press in an interview Thursday…
Oliver said one of the objectives of the trip is to make the point that it is no more difficult for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago.
Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada’s lucrative oil and gas sector.
Prentice, a former industry minister, cited figures that showed a dramatic drop in the oil and gas sectors as well as mergers and acquisitions from China.
“It’s not true to say the Chinese investment prospects have dried up. It’s important to have those discussions to make sure that there is a clear understanding of where we’re coming from,” Oliver told The Canadian Press in an interview Thursday…
Ruby Tuesday, OfficeMax, Buckle and Quest Diagnostics are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Ruby Tuesday Inc., down $1.29 at $6.26
The casual restaurant chain posted a fiscal first-quarter loss due to a weak economy that’s keeping people away from its restaurants.
OfficeMax Inc., up 95 cents at $13.26
A Janney analyst gave the office supply retailer’s stock a “Buy” rating citing the costs it will save when it merges with Office Depot.
The Buckle Inc., down $4.49 at $47.17
The teen clothing retailer said that sales in stores open at least a year fell 4.5 per cent in the 5-week period ending Oct. 5.
Quest Diagnostics Inc., down $3.04 at $58.66
The medical lab operator forecast disappointing third-quarter results as demand weakened in the latter part of the quarter.
Marriott Vacations Worldwide Corp., up $2.50 at $47
The timeshare company’s third-quarter net income rose thanks to stronger results from its rental and resort-management businesses…
NYSE
Ruby Tuesday Inc., down $1.29 at $6.26
The casual restaurant chain posted a fiscal first-quarter loss due to a weak economy that’s keeping people away from its restaurants.
OfficeMax Inc., up 95 cents at $13.26
A Janney analyst gave the office supply retailer’s stock a “Buy” rating citing the costs it will save when it merges with Office Depot.
The Buckle Inc., down $4.49 at $47.17
The teen clothing retailer said that sales in stores open at least a year fell 4.5 per cent in the 5-week period ending Oct. 5.
Quest Diagnostics Inc., down $3.04 at $58.66
The medical lab operator forecast disappointing third-quarter results as demand weakened in the latter part of the quarter.
Marriott Vacations Worldwide Corp., up $2.50 at $47
The timeshare company’s third-quarter net income rose thanks to stronger results from its rental and resort-management businesses…
The closure of Automated Trading Desk’s Canadian operation is only the latest example of the challenges some foreign financial-services firms face here.
