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Aphria wrestles with hostile takeover bid by Ohio-based company - Windsor Star Dec 29th
Aphria wrestles with hostile takeover bid by Ohio-based company Windsor StarAphria takeover offer raises questions about suitor's independence The Globe and MailAphria says hostile bid from Green Growth undervalues cannabis company's stock CTV NewsAphria suggests hos.... More »
'Get real' about workers' anxiety, Trudeau tells business elite - CityNews Feb 19th
CityNews'Get real' about workers' anxiety, Trudeau tells business eliteCityNewsCanadian Prime Minister Justin Trudeau speaks at the St. Matthew's Day banquet in Hamburg, Germany, on Feb. 17, 2017. THE CANADIAN PRESS/Adrian Wyld. Prime Minister Justin Trudeau used one of Germany&#.... More »
Wells Fargo to pay $190-million to settle customer fraud case + MORE Sep 8th
In May 2015, California prosecutors alleged that Wells Fargo pushed customers into costly financial products that they did not need or even request
.... More »
Air Canada Rouge to offer flights to Gatwick + MORE Jun 26th
i stock
MONTREAL – Air Canada and WestJet are taking their domestic rivalry to London with both companies now adding flights to Gatwick Airport next year.
The country’s largest carrier, which already flies to Heathrow Airport from eight Canadian cities, announced Thursday it will add flights fro.... More »
Questrade Review 2023: What matters to Canadian investors + MORE Jun 27th
For over 20 years, Questrade has provided Canadian investors with its attractive fees on a full range of assets—including stocks, mutual funds, ETFs, initial public offerings (IPOs), bonds, and even gold and silver. If you’re shopping around for a discount brokerage, you’ve likely c.... More »
5.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-12-17. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
On the Call: CFO Hood says Microsoft ‘learned a lot’ as it tries to make Surface profitable
– canadianbusiness.com
LOS ANGELES, Calif. – The good news: Microsoft’s push into hardware showed some promise in the December quarter, as revenue from its Surface line of tablets more than doubled to $893 million from the previous quarter.
The bad news: it’s still losing money.
Following the company’s release of second-quarter earnings, an analyst asked Chief Financial Officer Amy Hood how big the Surface unit has to get before it becomes profitable. Regulatory filings show that Surface is cost the company $932 million for the quarter, about $39 million more than it brought in in revenue.
QUESTION: The Surface (is) still losing money even at the $900 million run rate of revenue in the quarter. Can you give us what type of volume you need to have of that business to make some money?
RESPONSE: (Hood) When we launched Surface just a year ago our goal was really to create a product that showcased what can happen when you innovate in hardware, in the service and in the software. And as you know we’ve learned a lot over the course of this journey and we have to make more meaningful progress…
The bad news: it’s still losing money.
Following the company’s release of second-quarter earnings, an analyst asked Chief Financial Officer Amy Hood how big the Surface unit has to get before it becomes profitable. Regulatory filings show that Surface is cost the company $932 million for the quarter, about $39 million more than it brought in in revenue.
QUESTION: The Surface (is) still losing money even at the $900 million run rate of revenue in the quarter. Can you give us what type of volume you need to have of that business to make some money?
RESPONSE: (Hood) When we launched Surface just a year ago our goal was really to create a product that showcased what can happen when you innovate in hardware, in the service and in the software. And as you know we’ve learned a lot over the course of this journey and we have to make more meaningful progress…
As Samsung bids goodbye to stellar 2013, mixed views on its future
– canadianbusiness.com
SEOUL, South Korea – For Samsung Electronics and its 270,000 employees across the globe, 2013 was the best year.
One in every three smartphones sold carried the Samsung brand, with the company shipping more than 300 million of the devices. South Korea’s best known company on the world stage rounded off the year with record annual revenue and profit. Employees celebrated bonuses totalling more than $740 million.
Already selling more smartphones than any other company, Samsung is set to ship even more this year. Its smartphone sales will jump over 20 per cent to nearly 400 million units, according to Counterpoint Technology Market Research.
But that probably won’t translate into another year of record earnings, a scenario anticipated by investors with Samsung’s share price down 17 per cent since the start of 2013.
For the first time in more than two years, Samsung’s quarterly net profit declined from the previous quarter, its latest result showed Friday. The maker of Galaxy smartphones said its net profit for the October-December period fell 11 per cent from the third quarter to 7…
One in every three smartphones sold carried the Samsung brand, with the company shipping more than 300 million of the devices. South Korea’s best known company on the world stage rounded off the year with record annual revenue and profit. Employees celebrated bonuses totalling more than $740 million.
Already selling more smartphones than any other company, Samsung is set to ship even more this year. Its smartphone sales will jump over 20 per cent to nearly 400 million units, according to Counterpoint Technology Market Research.
But that probably won’t translate into another year of record earnings, a scenario anticipated by investors with Samsung’s share price down 17 per cent since the start of 2013.
For the first time in more than two years, Samsung’s quarterly net profit declined from the previous quarter, its latest result showed Friday. The maker of Galaxy smartphones said its net profit for the October-December period fell 11 per cent from the third quarter to 7…
With the RRSP deadline fast approaching — March 3 — you might be looking to top up your RRSP. But if you have a spouse or common-law partner, it might make more sense to contribute to a spousal RRSP for them instead.
