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Wall St slips with inflation data on deck - Reuters Feb 28th
Wall St slips with inflation data on deck ReutersStock market today: US stocks slip in cautious countdown to PCE print as bitcoin soars past $60,000 Yahoo FinanceStock Market Today: Dow Jones Falls On Surprise GDP Data; Cathie Wood Sells More Nvidia Stock Investor's .... More »
Business Highlights + MORE Apr 16th
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Top finance officials: World economy still faces threats
WASHINGTON (AP) — The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world’s largest economies said Friday. But they worry that growth remains .... More »
New documents link Huawei to suspected front companies in Iran, Syria Jan 8th
The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, .... More »
Sweden backs sale of German coal mines to Czech group Jul 2nd
COPENHAGEN – Sweden’s Social Democratic government said Saturday it is endorsing the sale of state-owned Vattenfall AB’s four coal mines and mining assets in Germany to Czech investors, sparking harsh reactions from environmentalists.
“The deal is of strategic importance for .... More »
Malaysia Airlines loss widens, apologizes for promotional tweet criticized as insensitive + MORE Nov 28th
KUALA LUMPUR, Malaysia – Malaysia Airlines on Friday said its loss widened last quarter and apologized for a promotional tweet slammed as insensitive after two deadly passenger jet disasters this year.
In its last public financial result before a planned privatization and overhaul, the flag ca.... More »
J.C. Penney CEO buys 112,000 shares of company’s slumping stock before holiday shopping season
– canadianbusiness.com
PLANO, Texas – J.C. Penney Mike Ullman seems confident the slumping retailer will bounce back during the holiday shopping season.
Ullman showed his faith by buying 112,000 shares at $8.95 apiece at the end of last week. The $1 million investment disclosed Monday comes as Ullman tries to snap Penney out of a funk that has seen the Plano, Texas, company lose more than $2.4 billion since late 2011.
The financial misery prompted Penny to fire Ron Johnson in April and bring back Ullman for a second stint as its CEO. Since his return, Ullman has been restoring more of the sales promotions that Johnson, a former executive at Target Inc. and Apple Inc., had eliminated.
The strategy has yielded some modest progress so far. In October, Penney reported that its monthly sales at its stores open for at least year — a key measure of a retailer’s health — had risen by 0.9 per cent, the first year-over-year increase since December 2011.
That still wasn’t enough to spare J.C. Penney Co…
Ullman showed his faith by buying 112,000 shares at $8.95 apiece at the end of last week. The $1 million investment disclosed Monday comes as Ullman tries to snap Penney out of a funk that has seen the Plano, Texas, company lose more than $2.4 billion since late 2011.
The financial misery prompted Penny to fire Ron Johnson in April and bring back Ullman for a second stint as its CEO. Since his return, Ullman has been restoring more of the sales promotions that Johnson, a former executive at Target Inc. and Apple Inc., had eliminated.
The strategy has yielded some modest progress so far. In October, Penney reported that its monthly sales at its stores open for at least year — a key measure of a retailer’s health — had risen by 0.9 per cent, the first year-over-year increase since December 2011.
That still wasn’t enough to spare J.C. Penney Co…
Spain’s Repsol has initial deal with Argentina on YPF
– theglobeandmail.com
If deal is approved by Repsol at a board meeting scheduled for Wednesday in Madrid, it could spark a wave of international investment in Argentina’s vast Vaca Muerta shale oil and gas formation
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,472.22 down 6.12 points):
Detour Gold Corp. (TSX:DGC). Gold miner. Down 50 cents, or 11.71 per cent, at $3.77 on 9.09 million shares. The stock turned sharply lower after Detour announced that company founder and CEO Gerald Panneton had resigned, effective immediately. No reason was given.
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.15 per cent, at $20.15 on 8.79 million shares. The energy sector dipped 0.91 per cent to 269.85 points as oil prices fell in the wake of a weekend agreement between Iran and world powers to curb Tehran’s nuclear program.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 0.64 per cent, at $9.37 on 7.94 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up two cents, or 0.93 per cent, at $2.17 on 5.39 million shares.
Revolution Resources Corp. (TSXS:RV). Miner. Down half a cent, or 25 per cent, at 1…
Toronto Stock Exchange (13,472.22 down 6.12 points):
Detour Gold Corp. (TSX:DGC). Gold miner. Down 50 cents, or 11.71 per cent, at $3.77 on 9.09 million shares. The stock turned sharply lower after Detour announced that company founder and CEO Gerald Panneton had resigned, effective immediately. No reason was given.
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.15 per cent, at $20.15 on 8.79 million shares. The energy sector dipped 0.91 per cent to 269.85 points as oil prices fell in the wake of a weekend agreement between Iran and world powers to curb Tehran’s nuclear program.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 0.64 per cent, at $9.37 on 7.94 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up two cents, or 0.93 per cent, at $2.17 on 5.39 million shares.
Revolution Resources Corp. (TSXS:RV). Miner. Down half a cent, or 25 per cent, at 1…
Oil heads lower after Iran nuclear deal raises chance sanctions will be lifted
– canadianbusiness.com
The price of oil dropped to near US$94 a barrel Monday as a deal between Iran and six world powers on the country’s nuclear program raised the possibility that sanctions choking Iranian oil exports will be lifted.
Benchmark West Texas Intermediate crude for January delivery fell 75 cents to close at US$94.09 in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, slipped half a cent to US$111 a barrel in London.
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran’s nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
It also removes, for now, the threat of further restrictions on Iranian exports and sets up the possibility that a more comprehensive deal will be struck in the coming months.
The diminished threat to global supplies is likely to make crude cheaper in the short term…
Benchmark West Texas Intermediate crude for January delivery fell 75 cents to close at US$94.09 in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, slipped half a cent to US$111 a barrel in London.
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran’s nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
It also removes, for now, the threat of further restrictions on Iranian exports and sets up the possibility that a more comprehensive deal will be struck in the coming months.
The diminished threat to global supplies is likely to make crude cheaper in the short term…
Mining reforms key to Chile’s future
– theglobeandmail.com
Foreign investment tax a pillar of Bachelet’s election platform, but energy, water problems loom
