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Canada space investment key to future growth, experts say Barrie 360View Full Coverage on Google News.... More »
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Toronto SunTrudeau's cabinet has plenty of immediate prioritiesToronto SunJustin Trudeau and his new cabinet will be sworn in Wednesday and new ministers will have a full slate of work waiting as they slide into the backseats of their government limos for the first time. How quickly will the â€.... More »
Westin hotels in Ottawa, Calgary and Edmonton put up for sale + MORE Jan 31st
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An investment strategy for a six-figure inheritance Jun 12th
The Problem
David, 31, is an engineer and lives in Toronto with his wife Alex and two-year-old son Leo. Both his father and grandfather were investors and he sees the six-figure estate that he inherited in January as a legacy that he really wants to continue. “My grandfather was a famous mining .... More »
Fairfax deal a sign of more to come in Greece
– theglobeandmail.com
Investment firm likes valuations in Greece, likes Prime Minister even more
National PostSober advice on mass transit (but will anyone listen to it?)National PostOntario Premier Kathleen Wynne's Transit Investment Strategy and Advisory Panel, chaired by public policy guru Anne Golden, has been widely derided as a political punt. It has been five months since Metrolinx, the arm's-length provincial body charged with …New Ontario bargaining legislation for teachers aims to stave off labour unrestThe Globe and MailWynne mocked after call for open governmentHamilton SpectatorKathleen Wynne's 'open government' launch marred by spelling mistakeToronto StarCBC.ca -CHCH News -CTV Newsall 50 news articles »
Netflix’s earnings quadrupled as its line-up of original programming helped it attract 1.3 million more U.S. subscribers during its latest quarter.
Boost in loan-loss reserves weighs on Discover’s 3Q; profit misses Wall Street expectations
– canadianbusiness.com
LOS ANGELES, Calif. – Discover Financial Services’ net income fell 8 per cent in the third quarter, as the lender set aside more funds to cover potential loan losses.
The credit card issuer also said Monday that sales volume for its namesake credit card rose 3 per cent to about $28 billion in the July-September period versus a year earlier, while card loans rose 4 per cent to $50.4 billion. Overall loans, including private education and personal loans, increased 5 per cent to $62.7 billion in the quarter, which coincides with the annual back-to-school spending season.
“These results show that in a tepid economic environment, Discover continues to achieve profitable loan growth,” David Nelms, Discover’s chairman and CEO, told Wall Street analysts during a conference call.
Even so, the Riverwoods, Ill.-based company’s latest earnings just missed Wall Street expectations, and its shares dropped about 4 per cent in after-market trading Monday.
Credit card issuers such as Discover typically benefit from an improving economy and increasing consumer spending…
The credit card issuer also said Monday that sales volume for its namesake credit card rose 3 per cent to about $28 billion in the July-September period versus a year earlier, while card loans rose 4 per cent to $50.4 billion. Overall loans, including private education and personal loans, increased 5 per cent to $62.7 billion in the quarter, which coincides with the annual back-to-school spending season.
“These results show that in a tepid economic environment, Discover continues to achieve profitable loan growth,” David Nelms, Discover’s chairman and CEO, told Wall Street analysts during a conference call.
Even so, the Riverwoods, Ill.-based company’s latest earnings just missed Wall Street expectations, and its shares dropped about 4 per cent in after-market trading Monday.
Credit card issuers such as Discover typically benefit from an improving economy and increasing consumer spending…
Texas Instruments 3Q profit drops 20 per cent, outlook for current quarter disappoints
– canadianbusiness.com
DALLAS – Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 per cent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.
TI expects earnings per share of 42 cents to 50 cents in the last three months of the year, below the 51 cents that analysts polled by FactSet predicted. It expects revenue of $2.86 billion to $3.1 billion, also below the $3.11 billion analysts forecast.
Shares dipped $1.19, or 2.9 per cent, to $39. in after-hours trading Monday. The stock is up 33 per cent this year, closing Monday at $40.99.
For the three months to Sept. 30, net income came to $629 million, or 56 cents per share, from $784 million, or 67 cents per share, in the same period a year ago. That beat analysts’ estimate of 53 cents per share.
Revenue fell 4 per cent to $3.24 billion. Analysts expected a deeper drop, to $3.23 billion.
TI’s revenue is being hurt by declines in its legacy wireless business, which shrank to less than 2 per cent of revenue in the third quarter…
TI expects earnings per share of 42 cents to 50 cents in the last three months of the year, below the 51 cents that analysts polled by FactSet predicted. It expects revenue of $2.86 billion to $3.1 billion, also below the $3.11 billion analysts forecast.
Shares dipped $1.19, or 2.9 per cent, to $39. in after-hours trading Monday. The stock is up 33 per cent this year, closing Monday at $40.99.
For the three months to Sept. 30, net income came to $629 million, or 56 cents per share, from $784 million, or 67 cents per share, in the same period a year ago. That beat analysts’ estimate of 53 cents per share.
Revenue fell 4 per cent to $3.24 billion. Analysts expected a deeper drop, to $3.23 billion.
TI’s revenue is being hurt by declines in its legacy wireless business, which shrank to less than 2 per cent of revenue in the third quarter…
