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Comcast matches 3Q profit expectations, tops revenue forecasts + MORE Oct 27th
PHILADELPHIA – PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Tuesday reported third-quarter net income of $2 billion.
On a per-share basis, the Philadelphia-based company said it had net income of 80 cents.
The results matched Wall Street expectations. The average estimate of 24 analysts survey.... More »
The Crippling Cost of 70% Tax Rates Jan 22nd
Alexandria Ocasio-Cortez’s proposal would smother investment and innovation, leaving America poorer..... More »
Imperial Oil’s Q1 profit falls 55% to $421 million due to lower oil prices + MORE Apr 30th
CALGARY – Imperial Oil Ltd. (TSX:IMO) says its first-quarter net income was down 55 per cent from a year ago, dropping to $421 million as a result of the global decline in oil prices.
The Calgary-based oil and gas company said that it partially offset the effect of lower crude prices with high.... More »
Financial reality check: 5 money rules Gen Z should retire + MORE Dec 18th
A new poll revealed that a quarter of Canadians feel the financial advice they inherited from older generations no longer applies in 2025. For Gen Z, that number jumps to 34%. And for big-ticket purchases, the gap is even bigger: almost half of 18 to 34 year olds say traditional home-buying advice n.... More »
Best Financial Advice for New Homeowners Sep 25th
After college expenses, choosing to purchase a home of any kind is the second largest expense you are likely to take on. The whole process, while intricate, doesn’t have to be complicated. However, it pays to be prepared. By taking the time to plan now and sticking to that plan, you could save.... More »
Indian PM says Rahul Gandhi is best candidate for next prime minister – Montreal Gazette
– news.google.ca
Indian ExpressIndian PM says Rahul Gandhi is best candidate for next prime ministerMontreal GazetteNEW DELHI – Indian Prime Minister Manmohan Singh says Rahul Gandhi is the best candidate to be the next prime minister. Singh spoke Friday in what was only his third news conference in 10 years. The speech comes at a time when the stock of his ruling …Indian PM Manmohan Singh to retire after electionsBBC NewsManmohan Singh to step down after Lok Sabha pollsTimes of IndiaIndian Prime Minister Won't Seek Third TermWall Street JournalHindustan Times -Reuters -Indian Expressall 406 news articles »
FireEye buys Mandiant, technology firm that linked cyberattacks to Chinese military unit
– canadianbusiness.com
NEW YORK, N.Y. – FireEye Inc. said Thursday it has acquired Mandiant Corp., the firm that linked years of cyberattacks against U.S. companies to a secret Chinese military unit.
FireEye said that the purchase of privately held Mandiant would increase its ability to stop attacks in their early stages.
The company valued the deal at nearly $1 billion. FireEye said it would buy 21.5 million shares and options of its stock — worth about $884 million at Thursday’s closing price — and pay $106.5 million in cash to former Mandiant investors.
FireEye makes computer-security software. It had a successful initial public offering of stock in September, with the shares nearly doubling in price on the first day of trading. The Milpitas, Calif.-based company said its customers include more than 100 of the Fortune 500 corporations.
Virginia-based Mandiant drew attention last February when it issued a detailed report tracing attacks on 141 companies to a hacking unit in Shanghai that experts believe is part of the Chinese Army’s cyber command…
FireEye said that the purchase of privately held Mandiant would increase its ability to stop attacks in their early stages.
The company valued the deal at nearly $1 billion. FireEye said it would buy 21.5 million shares and options of its stock — worth about $884 million at Thursday’s closing price — and pay $106.5 million in cash to former Mandiant investors.
FireEye makes computer-security software. It had a successful initial public offering of stock in September, with the shares nearly doubling in price on the first day of trading. The Milpitas, Calif.-based company said its customers include more than 100 of the Fortune 500 corporations.
Virginia-based Mandiant drew attention last February when it issued a detailed report tracing attacks on 141 companies to a hacking unit in Shanghai that experts believe is part of the Chinese Army’s cyber command…
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,594.19 down 27.36 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down two cents, or 28.57 per cent, to five cents on 9.16 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up nine cents, or 4.13 per cent, to $2.27 on 3.28 million shares. The beaten-down gold sector soared 4.45 per cent as February bullion climbed $22.90 to US$1,225.20 an ounce.
Barrick Gold Corp. (TSX;ABX). Miner. Up 83 cents, or 4.44 per cent, to $19.54 on 3.12 million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down two cents, or 3.77 per cent, to 51 cents on 2.82 million shares.
Bank of Nova Scotia (TSX:BNS). Financial services. Down 42 cents, or 0.63 per cent, at $66.01 on 2.72 million shares. The financials sector lost 0.6 per cent as investors took profits from a sector that rose more than 20 per cent last year.
Goldcorp Inc. (TSX:G). Miner. Up $1.09, or 4.73 per cent, to $24…
Toronto Stock Exchange (13,594.19 down 27.36 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down two cents, or 28.57 per cent, to five cents on 9.16 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up nine cents, or 4.13 per cent, to $2.27 on 3.28 million shares. The beaten-down gold sector soared 4.45 per cent as February bullion climbed $22.90 to US$1,225.20 an ounce.
Barrick Gold Corp. (TSX;ABX). Miner. Up 83 cents, or 4.44 per cent, to $19.54 on 3.12 million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down two cents, or 3.77 per cent, to 51 cents on 2.82 million shares.
Bank of Nova Scotia (TSX:BNS). Financial services. Down 42 cents, or 0.63 per cent, at $66.01 on 2.72 million shares. The financials sector lost 0.6 per cent as investors took profits from a sector that rose more than 20 per cent last year.
Goldcorp Inc. (TSX:G). Miner. Up $1.09, or 4.73 per cent, to $24…
Canadian Pacific reaches deal to sell western part of DM&E rail line
– theglobeandmail.com
CP is expected to record a net after-tax writedown of about $240-million in its fourth-quarter financial statements
Declining earnings forecasts challenge market optimism
– theglobeandmail.com
The earnings multiple will have to rise well above its average or earnings growth will have to accelerate for a repeat of last year
