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Latest News
Manulife cutting 700 jobs, consolidating Canadian operations Jun 21st
Manulife Financial Corp. said Thursday it plans to cut about 700 jobs in Canada over the next 18 months as it moves to digitize and combine some of its operations..... More »
Benefits of The 6-Pack Portfolio – Review and Giveaway + MORE May 14th
Save, invest, prosper with My Own Advisor.
Benefits of The 6-Pack Portfolio – Review and Giveaway Long-time fans of this site will know I love investing using a basket of dividend paying stocks for many reasons. I mean, who doesn’t like rising income over time? In recent weeks I earned a 3.9% .... More »
Should retirees speculate? + MORE Nov 12th
All investors need to know the difference between investing and speculation—often summed up as what you do with “serious money” versus “fun money”—and that’s doubly true for those at or near retirement. While investing is about building wealth you can count on, speculating typically me.... More »
Competition Bureau, with conditions, gives approval to Holcim/ Lafarge merger + MORE May 5th
OTTAWA – The federal Competition Bureau says it has given its approval, with conditions, to the takeover of Lafarge S.A. by Holcim Ltd. in a deal that will merge the world’s two largest cement companies.
In a statement issued late Monday, the Competition Bureau said it had reached a cons.... More »
90 days - 1.60% + MORE Jan 10th
This GIC rate is offered by Oaken Financial and was updated on 2013-03-07. Click on the link above to get more details or apply online..... More »
Taobao, a China-based online marketplace owned by Alibaba Group Holding Ltd., is to ban the sale of bitcoins beginning Jan. 14.
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
CPPIB investment strategist leaving for job at Alignvest Management
– theglobeandmail.com
Donald Raymond, who joined CPPIB in 2001, has resigned from his position effective March 31
NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial
– canadianbusiness.com
NEW YORK, N.Y. – A New York judge presiding over an insider trading trial says billionaire Steven A. Cohen’s testimony to a financial regulatory agency cannot be shown to jurors.
U.S. District Judge Paul Gardephe’s (GAHR’-duh-feez) decision regarding the founder of Stamford, Conn.-based SAC Capital Advisors came as a jury was being selected Wednesday at the trial of Mathew Martoma.
Martoma is accused of persuading a medical professor to leak secret data from an Alzheimer’s disease trial. The Boca Raton, Fla., resident has pleaded not guilty.
Martoma’s lawyers wanted to use Cohen’s testimony to show Cohen didn’t use Martoma’s information to make pivotal trades. Prosecutors say Martoma’s tips helped SAC earn a quarter-billion dollars illegally.
The judge says the Security and Exchange Commission’s inquiry was fact-finding and irrelevant for the criminal trial.
SAC Capital has pleaded guilty to fraud charges.
The post NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial appeared first on Canadian Business.
U.S. District Judge Paul Gardephe’s (GAHR’-duh-feez) decision regarding the founder of Stamford, Conn.-based SAC Capital Advisors came as a jury was being selected Wednesday at the trial of Mathew Martoma.
Martoma is accused of persuading a medical professor to leak secret data from an Alzheimer’s disease trial. The Boca Raton, Fla., resident has pleaded not guilty.
Martoma’s lawyers wanted to use Cohen’s testimony to show Cohen didn’t use Martoma’s information to make pivotal trades. Prosecutors say Martoma’s tips helped SAC earn a quarter-billion dollars illegally.
The judge says the Security and Exchange Commission’s inquiry was fact-finding and irrelevant for the criminal trial.
SAC Capital has pleaded guilty to fraud charges.
The post NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial appeared first on Canadian Business.
Wanxiang increases bid for Fisker, heating up the fight for the failed electric-vehicle maker
– canadianbusiness.com
WILMINGTON, Del. – Chinese auto parts conglomerate Wanxiang Group Corp. has increased its offer for Fisker Automotive, heating up the fight for the failed electric-vehicle maker.
Wanxiang sweetened its bid with an additional $10 million in cash.
An attorney for Fisker’s official committee of unsecured creditors told a Delaware bankruptcy judge Wednesday that Wanxiang may increase its offer even more if the judge approves a competitive auction for Fisker. “They have told us they have considerable room to go,” said William Baldiga, the attorney.
But Fisker wants the judge to approve a private sale to Hybrid Technology LLC, which is owned by Hong Kong billionaire Richard Li. Hybrid became Fisker’s senior secured lender by buying a failed Department of Energy loan for $25 million. That resulted in a loss to U.S. taxpayers of $139 million.
Hybrid is seeking to buy Fisker’s remaining assets in bankruptcy. The proposed sale will be considered at a hearing Friday…
Wanxiang sweetened its bid with an additional $10 million in cash.
An attorney for Fisker’s official committee of unsecured creditors told a Delaware bankruptcy judge Wednesday that Wanxiang may increase its offer even more if the judge approves a competitive auction for Fisker. “They have told us they have considerable room to go,” said William Baldiga, the attorney.
But Fisker wants the judge to approve a private sale to Hybrid Technology LLC, which is owned by Hong Kong billionaire Richard Li. Hybrid became Fisker’s senior secured lender by buying a failed Department of Energy loan for $25 million. That resulted in a loss to U.S. taxpayers of $139 million.
Hybrid is seeking to buy Fisker’s remaining assets in bankruptcy. The proposed sale will be considered at a hearing Friday…
