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Business Highlights + MORE Sep 23rd
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Businesses and investors pressing for green policy
NEW YORK (AP) — Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary peo.... More »
Scotiabank hikes dividend as profit beats expectations + MORE Feb 27th
The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home..... More »
Westin hotels in Ottawa, Calgary and Edmonton put up for sale + MORE Jan 31st
The trio of Westin Hotels is considered a ‘rare portfolio of assets’ and is expected to fetch between $475-million and $525-million.
.... More »
A growth portfolio for the long term + MORE Apr 6th
(Jason Franson)
Srinivas Velanki, a 52-year-old engineer from Edmonton, has a defined-benefit pension plan and real estate properties. Right now his low six-figure retirement portfolio is invested mostly in an RRSP of 90% balanced mutual funds, 7% global equity funds and the remaining 3% spread amon.... More »
N.S. premier blasts telecom companies in wake of Fiona, calls on Ottawa to step in with regulation - CBC.ca Sep 28th
N.S. premier blasts telecom companies in wake of Fiona, calls on Ottawa to step in with regulation CBC.caProvince Details Financial Support for Those Affected by Hurricane Fiona VOCMStorm Fiona: Mendicino says Tories pushed ‘false info’ with ArriveCan border questions .... More »
Which should you choose – TFSA or RRSP? Financial advisers say it depends on your age, your income bracket and how much you expect to earn after retirement.
Regulators take over banks in Virginia and Pennsylvania; brings US bank failures to 5 in 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed small lenders in Virginia and Pennsylvania, bringing U.S. bank failures this year to five after 24 closures in 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Millennium Bank, N.A., based in Sterling, Va., and closed the single branch of Vantage Point Bank in Horsham, Pa.
Millennium Bank, which operated two branches, had $130.3 million in assets and $121.7 million in deposits as of Dec. 31. WashingtonFirst Bank, based in Reston, Va., has agreed to assume its deposits and buy its assets.
First Choice Bank, based in Mercerville, N.J., will assume Vantage Point Bank’s $62.5 million in deposits and its $63.5 million in assets.
The two bank failures are expected to cost the deposit insurance fund $16.2 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009…
The Federal Deposit Insurance Corp. said Friday that it has taken over Millennium Bank, N.A., based in Sterling, Va., and closed the single branch of Vantage Point Bank in Horsham, Pa.
Millennium Bank, which operated two branches, had $130.3 million in assets and $121.7 million in deposits as of Dec. 31. WashingtonFirst Bank, based in Reston, Va., has agreed to assume its deposits and buy its assets.
First Choice Bank, based in Mercerville, N.J., will assume Vantage Point Bank’s $62.5 million in deposits and its $63.5 million in assets.
The two bank failures are expected to cost the deposit insurance fund $16.2 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009…
Best Buy, Deckers, Sotheby’s, Pier 1 and United Continental are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Best Buy Co. Inc., up $1.06 to $26.63
Shares of the electronics retailer continued to rise a day after posting a fourth-quarter profit that topped Wall Street expectations.
United Continental Holdings Inc., down $1.55 to $44.96
Winter storms forced the airline to cancel 22,500 flights in January and February, hurting its revenue for the first quarter.
Pier 1 Imports Inc., down $1.14 to $18.92
The home decor company cut its fiscal fourth-quarter and full-year forecasts again, saying bad weather kept customers at home.
Sotheby’s, down $3.36 to $47.01
The auction house had to take back a diamond that sold for $83 million after the buyer defaulted.
Nasdaq
Fred’s Inc., up $1.84 to $19.93
Bloomberg News reported that the discount chain has approached several companies about selling itself.
Deckers Outdoor Corp., down $10.32 to $74.35
The maker of Ugg footwear surprised Wall Street by saying it expects a loss for its first quarter…
NYSE
Best Buy Co. Inc., up $1.06 to $26.63
Shares of the electronics retailer continued to rise a day after posting a fourth-quarter profit that topped Wall Street expectations.
United Continental Holdings Inc., down $1.55 to $44.96
Winter storms forced the airline to cancel 22,500 flights in January and February, hurting its revenue for the first quarter.
Pier 1 Imports Inc., down $1.14 to $18.92
The home decor company cut its fiscal fourth-quarter and full-year forecasts again, saying bad weather kept customers at home.
Sotheby’s, down $3.36 to $47.01
The auction house had to take back a diamond that sold for $83 million after the buyer defaulted.
Nasdaq
Fred’s Inc., up $1.84 to $19.93
Bloomberg News reported that the discount chain has approached several companies about selling itself.
Deckers Outdoor Corp., down $10.32 to $74.35
The maker of Ugg footwear surprised Wall Street by saying it expects a loss for its first quarter…
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,209.59 down 5.15 points):
Inter Pipeline Ltd. (TSX:IPL). Oil and gas. Up 96 cents, or 3.31 per cent, to $29.95 on 14.7 million shares.
Mercator Minerals Ltd. (TSX:ML). Miner. Up 1.5 cents, or 16.67 per cent, to 10.5 cents on 9.7 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Up 20 cents, or 3.51 per cent, to $5.90 on 7.9 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Up four cents, or 27.59 per cent, to 18.5 cents on 7.1 million shares.
Peregrine Diamonds Ltd. (TSX:PGD). Miner. Up 2.5 cents, or 5.38 per cent, to 49 cents on 6.8 million shares.
Toronto Venture Exchange (1,025.37 up 5.94 points):
Petromanas Energy Inc. (TSXV:PMI). Oil and gas. Down 3.5 cents, or 14.58 per cent, to 20.5 cents on 7.6 million shares.
TriStar Gold Inc. (TSXV:TSG). Miner. Up 1.5 cents, or 13.64 per cent, to 12.5 cents on 6.8 million shares…
Toronto Stock Exchange (14,209.59 down 5.15 points):
Inter Pipeline Ltd. (TSX:IPL). Oil and gas. Up 96 cents, or 3.31 per cent, to $29.95 on 14.7 million shares.
Mercator Minerals Ltd. (TSX:ML). Miner. Up 1.5 cents, or 16.67 per cent, to 10.5 cents on 9.7 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Up 20 cents, or 3.51 per cent, to $5.90 on 7.9 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Up four cents, or 27.59 per cent, to 18.5 cents on 7.1 million shares.
Peregrine Diamonds Ltd. (TSX:PGD). Miner. Up 2.5 cents, or 5.38 per cent, to 49 cents on 6.8 million shares.
Toronto Venture Exchange (1,025.37 up 5.94 points):
Petromanas Energy Inc. (TSXV:PMI). Oil and gas. Down 3.5 cents, or 14.58 per cent, to 20.5 cents on 7.6 million shares.
TriStar Gold Inc. (TSXV:TSG). Miner. Up 1.5 cents, or 13.64 per cent, to 12.5 cents on 6.8 million shares…
Capital Power Q4 earnings rise to $77M, revenue, full year earnings also higher
– canadianbusiness.com
EDMONTON – Capital Power Corp. (TSX:CPX) has reported a big increase in both its fourth-quarter and full-year earnings.
The Edmonton-based utility with operating facilities in both Canada and the United States, says net earnings attributable to shareholders rose to $77 million or 89 cents per diluted share from $15 million or 19 cents in the comparable 2012 period.
Revenue in the three-month period ended Dec. 31 grew to $327 million from $288 million.
For the full year, Capital Power posted net earnings attributable to shareholders of $175 million of $2.08 per share, up from $62 million or 84 cents per share in 2012.
Revenue rose to $1.39 billion in 2013 from 1.296 billion the previous year.
The post Capital Power Q4 earnings rise to $77M, revenue, full year earnings also higher appeared first on Canadian Business.
The Edmonton-based utility with operating facilities in both Canada and the United States, says net earnings attributable to shareholders rose to $77 million or 89 cents per diluted share from $15 million or 19 cents in the comparable 2012 period.
Revenue in the three-month period ended Dec. 31 grew to $327 million from $288 million.
For the full year, Capital Power posted net earnings attributable to shareholders of $175 million of $2.08 per share, up from $62 million or 84 cents per share in 2012.
Revenue rose to $1.39 billion in 2013 from 1.296 billion the previous year.
The post Capital Power Q4 earnings rise to $77M, revenue, full year earnings also higher appeared first on Canadian Business.
