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Russian President Putin meets with Chinese leaders + MORE Jun 25th
BEIJING, China – Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia’s “all-embracing and strategic partnership” with its neighbour, during a visit to Beijing that takes place against the background of a drop in t.... More »
60 days - 1.75% + MORE Apr 21st
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online..... More »
Are your financial documents being forged? CBC's Marketplace consumer cheat sheet + MORE Jun 4th
Miss something this week? Here's the consumer news you need to know..... More »
The best RBC credit cards in Canada for 2024 + MORE Feb 1st
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The best RBC credit cards in Canada for 2024
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Auto insurance coverage in Ontario just changed + MORE Jun 2nd
Next time your auto insurance policy comes up for renewal, check your price: you might find it lower than expected. But before celebrating, check your coverage: you may find that’s decreased, too.
The Ontario government has revamped standard auto insurance policies, which comes into effect tod.... More »
Canadian home sales posted a small month-over-month increase in September and the national average sale price rose but the number of new listings declined, according to the Canadian Real Estate Association.
Twitter, the social media firm that is planning to go public this fall, has decided to list its shares on the New York Stock Exchange.
Twitter’s losses mount ahead of IPO despite doubling revenue
– canadianbusiness.com
NEW YORK, N.Y. – Twitter’s losses are mounting as the online messaging service prepares to make its stock market debut.
A regulatory filing Tuesday disclosed the San Francisco company lost nearly $65 million during the three months ending in September.
That’s the largest quarterly setback that Twitter has suffered during the past three years. Twitter lost about $22 million at the same time last year.
In a development likely to hearten prospective investors, Twitter’s revenue more than doubled from last year to nearly $169 million.
But the company’s rising losses could dampen some of the enthusiasm for Twitter’s initial public offering. The IPO is expected to be completed next month, though the company hasn’t set a target date.
Twitter ended September with 232 million active users, up from 218 million in June.
The post Twitter’s losses mount ahead of IPO despite doubling revenue appeared first on Canadian Business.
A regulatory filing Tuesday disclosed the San Francisco company lost nearly $65 million during the three months ending in September.
That’s the largest quarterly setback that Twitter has suffered during the past three years. Twitter lost about $22 million at the same time last year.
In a development likely to hearten prospective investors, Twitter’s revenue more than doubled from last year to nearly $169 million.
But the company’s rising losses could dampen some of the enthusiasm for Twitter’s initial public offering. The IPO is expected to be completed next month, though the company hasn’t set a target date.
Twitter ended September with 232 million active users, up from 218 million in June.
The post Twitter’s losses mount ahead of IPO despite doubling revenue appeared first on Canadian Business.
A class action lawsuit against BlackBerry Ltd. is demanding financial compensation on behalf of Canadian shareholders who bought stock between September 2012 and September 2013, saying the company did not declare the full extent of its financial difficulty to retail investors.
American Express expected to post improved 3rd-qtr earnings, revenue
– canadianbusiness.com
LOS ANGELES, Calif. – American Express Co.’s latest quarterly report may give investors insight on how consumers’ spending and debt-management trends are faring heading into the December holiday shopping season. The credit card company is expected to report improved earnings and revenue for the third quarter after the stock markets close on Wednesday.
WHAT TO WATCH FOR: How cardholders’ spending and payment trends fared during the quarter, as well as an update on the company’s plans to form a joint venture to operate its global business travel division.
American Express cardholders tend to be more affluent than other credit card users, which is one reason the company has done well as the nation’s economy has gradually improved since the recession.
The U.S. economy improved steadily, if sluggishly this year in advance of the partial government shutdown.
Between January and August, the most recent figures available, the economy added an average of 180,250 jobs a month…
WHAT TO WATCH FOR: How cardholders’ spending and payment trends fared during the quarter, as well as an update on the company’s plans to form a joint venture to operate its global business travel division.
American Express cardholders tend to be more affluent than other credit card users, which is one reason the company has done well as the nation’s economy has gradually improved since the recession.
The U.S. economy improved steadily, if sluggishly this year in advance of the partial government shutdown.
Between January and August, the most recent figures available, the economy added an average of 180,250 jobs a month…
