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Uber selling Southeast Asian business to regional rival Grab + MORE Mar 27th
BANGKOK _ Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business.
Grab said Monday that Uber will take a 27.5 per cent stake and a seat on its board as part o.... More »
Toronto stock index climbs on banks, industrials + MORE May 23rd
Canada's main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week..... More »
This Toronto condo in the Entertainment District is going for $800K. Here’s why it’s a hard sell + MORE Mar 11th
A rare, larger condo in the city, this 800-square-foot unit listing is also steps away from the Financial and Entertainment Districts, nightlife and transit..... More »
Dating dilemma: When to talk about finances + MORE Mar 15th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
3.5 year - 2.30% + MORE Feb 19th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online..... More »
Kal, 45, should ease up on RRSP contributions (at least for now)
– theglobeandmail.com
With extraordinary expenses coming up, police officer should pump up his TFSA instead
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,205.72 down 4.65 points):
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Up 90 cents, or 11.48 per cent, to $8.74 on 7.6 million shares. The company says the Fort McKay First Nation has agreed to remove its objections to regulatory approval of the Dover Commercial project northwest of Fort McMurray
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Up 23 cents, or 11.98 per cent, to $2.15 on 6.5 million shares.
Rubicon Minerals Corp. (TSX:RMX). Miner. Up four cents, or 2.72 per cent, to $1.51 on 6.1 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Down four cents, or 1.13 per cent, to $3.51 on 6.04 million shares. The Montreal-based company is moving some of its human resource jobs to Mexico as part of 1,700 layoffs recently announced at its aerospace division. It said 10 non-union positions in Montreal will be affected by shift of talent acquisitions and some global mobility functions to its lower-cost operations in Queretaro…
Toronto Stock Exchange (14,205.72 down 4.65 points):
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Up 90 cents, or 11.48 per cent, to $8.74 on 7.6 million shares. The company says the Fort McKay First Nation has agreed to remove its objections to regulatory approval of the Dover Commercial project northwest of Fort McMurray
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Up 23 cents, or 11.98 per cent, to $2.15 on 6.5 million shares.
Rubicon Minerals Corp. (TSX:RMX). Miner. Up four cents, or 2.72 per cent, to $1.51 on 6.1 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Down four cents, or 1.13 per cent, to $3.51 on 6.04 million shares. The Montreal-based company is moving some of its human resource jobs to Mexico as part of 1,700 layoffs recently announced at its aerospace division. It said 10 non-union positions in Montreal will be affected by shift of talent acquisitions and some global mobility functions to its lower-cost operations in Queretaro…
Investors have no shortage of things to fret about these days. An aggressive stock slump, emerging markets in turmoil, an agonizingly slow jobs recovery.
Business Highlights
– canadianbusiness.com
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Transcripts show Fed at times slow to grasp crisis
WASHINGTON (AP) — The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.
The Fed on Friday released hundreds of pages of transcripts covering its meetings during 2008 — the most tumultuous period of the crisis. This includes the government takeover of mortgage giants Fannie Mae and Freddie Mac, the fateful decision to let investment bank Lehman Brothers collapse and the bailout of insurer American International Group.
For all its aggressive steps in 2008, the transcripts show the Fed failing at times to grasp the size of the catastrophe. Bernanke and his top lieutenants often expressed puzzlement that they weren’t managing to calm panicky investors.
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How Ukraine’s economic decay fueled protests
FRANKFURT, Germany (AP) — The battle in Kyiv is largely a fight for the country’s economic future…
Transcripts show Fed at times slow to grasp crisis
WASHINGTON (AP) — The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.
The Fed on Friday released hundreds of pages of transcripts covering its meetings during 2008 — the most tumultuous period of the crisis. This includes the government takeover of mortgage giants Fannie Mae and Freddie Mac, the fateful decision to let investment bank Lehman Brothers collapse and the bailout of insurer American International Group.
For all its aggressive steps in 2008, the transcripts show the Fed failing at times to grasp the size of the catastrophe. Bernanke and his top lieutenants often expressed puzzlement that they weren’t managing to calm panicky investors.
___
How Ukraine’s economic decay fueled protests
FRANKFURT, Germany (AP) — The battle in Kyiv is largely a fight for the country’s economic future…
Black Hawk helicopter maker Sikorsky to eliminate 600 jobs, mostly in Conn.
– canadianbusiness.com
STRATFORD, Conn. – The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defence spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.
The cuts at Sikorsky Aircraft Corp., the Stratford, Conn.-based subsidiary of United Technologies Corp., will take place over the next several weeks, spokesman Paul Jackson said.
“These decisions are always difficult to make but necessary to protect the company’s competitiveness and future,” Jackson said.
Sikorsky is feeling the impact of reduced military spending due to budget cuts and a scaled-back U.S. presence in Afghanistan. Last month, Chief Financial Officer Greg Hayes said sales of the Black Hawk had fallen about 20 per cent year over year.
Revenue and profit at Sikorsky have fallen in each of the last two years. Revenue in 2013 was $6…
The cuts at Sikorsky Aircraft Corp., the Stratford, Conn.-based subsidiary of United Technologies Corp., will take place over the next several weeks, spokesman Paul Jackson said.
“These decisions are always difficult to make but necessary to protect the company’s competitiveness and future,” Jackson said.
Sikorsky is feeling the impact of reduced military spending due to budget cuts and a scaled-back U.S. presence in Afghanistan. Last month, Chief Financial Officer Greg Hayes said sales of the Black Hawk had fallen about 20 per cent year over year.
Revenue and profit at Sikorsky have fallen in each of the last two years. Revenue in 2013 was $6…
