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Iran exports first oil shipment to Europe since nuclear deal + MORE Feb 14th
TEHRAN, Iran – Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday.
IRNA quoted Deputy Oil Minister Rokneddin Javadi as saying the shipment was the first in five years and mar.... More »
Canadian fund managers lag on tackling climate-change risks: survey + MORE May 3rd
Canadian investment funds collectively rank 11th in global survey when it comes to managing climate-change risks
.... More »
Angus Reid cashes out of Vancouver software firm Vision Critical + MORE Feb 27th
The pollster’s $44-million stock sale and exit from the board ends a tumultuous chapter for the Vancouver firm
.... More »
BC government announces new wildfire prevention program focused on First Nations and local governments - Globalnews.ca + MORE Sep 11th
Globalnews.caBC government announces new wildfire prevention program focused on First Nations and local governmentsGlobalnews.caThe provincial government is boosting funding and scrapping cost-sharing requirements for local governments and First Nations to help reduce wildfire risks around their com.... More »
Carney Held $6.8 Million of Brookfield Options Before Quitting for Political Run - Bloomberg + MORE Mar 18th
Carney Held $6.8 Million of Brookfield Options Before Quitting for Political Run BloombergCarney pushes back when questioned about financial assets CBC.ca'Look inside yourself': Carney gets snippy at reporter when pressed on conflicts of interest National PostConserv.... More »
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products
– canadianbusiness.com
SAN FRANCISCO – Apple’s latest quarterly earnings fell 9 per cent as more people bought the company’s lower-priced iPhones and iPads.
The company’s fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.
The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif. company’s profit margin and depressed its stock price.
This marks the third consecutive quarter that Apple’s earnings have dropped from the previous year.
Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.
Revenue rose 4 per cent to $37.5 billion.
The post Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products appeared first on Canadian Business.
The company’s fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.
The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif. company’s profit margin and depressed its stock price.
This marks the third consecutive quarter that Apple’s earnings have dropped from the previous year.
Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.
Revenue rose 4 per cent to $37.5 billion.
The post Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products appeared first on Canadian Business.
Throne speech led to uncertainty, confusion in telecom, says industry head
– canadianbusiness.com
TORONTO – Ottawa’s recent promise to provide Canadians and telecoms with more certainty about their wireless bills has actually raised more questions for the entire industry, says the head of an industry group.
Bernard Lord, president and CEO of the Canadian Wireless Telecommunications Association, says the Conservative government’s throne speech earlier this month has led to more confusion.
“When the government talks about domestic roaming in the speech from the throne, I’m not sure what exactly that is,” he said during a speech at the Toronto Board of Trade.
“I’m not sure they know what that is.”
Lord also took issue with Ottawa’s decision during the past year to ease the rules on foreign investment for wireless companies with less than 10 per cent of the marketplace, paving the way for the entry of foreign companies.
“If the government feels they’re better off interfering or mingling in the marketplace, that could have a negative impact,” he said…
Bernard Lord, president and CEO of the Canadian Wireless Telecommunications Association, says the Conservative government’s throne speech earlier this month has led to more confusion.
“When the government talks about domestic roaming in the speech from the throne, I’m not sure what exactly that is,” he said during a speech at the Toronto Board of Trade.
“I’m not sure they know what that is.”
Lord also took issue with Ottawa’s decision during the past year to ease the rules on foreign investment for wireless companies with less than 10 per cent of the marketplace, paving the way for the entry of foreign companies.
“If the government feels they’re better off interfering or mingling in the marketplace, that could have a negative impact,” he said…
Volta Resources Inc.’s stock nearly doubled in value in heavy trading Monday after Vancouver-based B2Gold Corp. agreed to acquire the company in an all-stock deal worth an estimated $63 million US.
Crocs, CF Industries, Bristol-Myers and Ruby Tuesday are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Bristol-Myers Squibb Co., up $3.25 to $52.02
Morgan Stanley upgrades the pharmaceutical, saying its Nivolumab treatment could rival the most widely used cancer drugs.
CF Industries Holdings Inc., up $8.74 to $218.36
Rival fertilizer company Mosaic will spend $1.4 billion to acquire its phosphate business and signed new supply agreements.
Fusion-io Inc., up $1.55 to $11.09
CEO Shane Robison bought more than 105,000 shares in the flash storage drive maker after the stock tumbled sharply last week.
Ruby Tuesday Inc., down 37 cents to $5.60
Director Matthew Drapkin resigned from the board and sold all of his stock in the restaurant chain, which had a terrible quarter.
Roper Industries Inc., down $8.78 to $124.26
The industrial technology company fell short of Wall Street expectations for its third quarter and lowered its outlook.
Nasdaq
Synta Pharmaceuticals Corp…
NYSE
Bristol-Myers Squibb Co., up $3.25 to $52.02
Morgan Stanley upgrades the pharmaceutical, saying its Nivolumab treatment could rival the most widely used cancer drugs.
CF Industries Holdings Inc., up $8.74 to $218.36
Rival fertilizer company Mosaic will spend $1.4 billion to acquire its phosphate business and signed new supply agreements.
Fusion-io Inc., up $1.55 to $11.09
CEO Shane Robison bought more than 105,000 shares in the flash storage drive maker after the stock tumbled sharply last week.
Ruby Tuesday Inc., down 37 cents to $5.60
Director Matthew Drapkin resigned from the board and sold all of his stock in the restaurant chain, which had a terrible quarter.
Roper Industries Inc., down $8.78 to $124.26
The industrial technology company fell short of Wall Street expectations for its third quarter and lowered its outlook.
Nasdaq
Synta Pharmaceuticals Corp…
