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Relax, a stock market pullback was due + MORE Aug 22nd
If your investment plan is sound, the best strategy for weathering the recent stock market correction – an aftershock of the 2008 financial crisis – is to maintain a steady course and not panic
.... More »
European Central Bank head says currency bloc incomplete, needs better oversight of economies + MORE Nov 27th
HELSINKI – European Central Bank head Mario Draghi says the euro currency union remains “incomplete” and needs to be strengthened with better oversight of member countries’ economic policies.
Draghi said in the text of a speech Thursday in Helsinki that “for all its res.... More »
Vancouver cannabis company wins lottery for POT stock symbol, stock rises 137% Feb 1st
The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a 'wonderful surprise' for the small company which is hoping the catchy symbol will help it stand out in the sector..... More »
Most actively traded companies on the TSX + MORE Nov 25th
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,073.65, up 58.24 points):
Pengrowth Energy Corp. (TSX:PGF). Oil and gas. Up six cents, or 1.36 per cent, to $4.48 on 23 million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and ga.... More »
Biographical information on billionaire activist-investor Carl Icahn Jun 1st
NAME: Carl Icahn
AGE, BIRTHPLACE: 78; Queens, New York
CAREER: Started as a stockbroker at Dreyfus & Co. in 1961. Founded Icahn & Co. in 1968. Launched first corporate raid in 1978, targeting kitchen-appliance maker Tappan. Under pressure, the company eventually sold out to Sweden’s AB.... More »
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
King Digital sets IPO range at $21 to $24 per share, seeing potential for $613M cash raise
– canadianbusiness.com
NEW YORK, N.Y. – The company behind the addictive blockbuster game “Candy Crush Saga” believes it could raise nearly $613 million in an initial public offering.
In a regulatory filing Wednesday, King Digital Entertainment PLC said it plans to sell 15.3 million shares in the offering. Existing shareholders will sell an additional 6.7 million shares.
“Candy Crush” was the most downloaded free app on iPhones and iPads in 2013, beating Facebook, Google Maps and YouTube.
The shares are expected to be priced between $21 and $24, for a total of between $466.2 million and $532.8 million. Underwriters have the option of buying up to an additional 3.3 million shares. That could raise an additional $69.9 million to $79.9 million.
Shares would be listed on the New York Stock Exchange under the symbol “KING.”
The post King Digital sets IPO range at $21 to $24 per share, seeing potential for $613M cash raise appeared first on Canadian Business.
In a regulatory filing Wednesday, King Digital Entertainment PLC said it plans to sell 15.3 million shares in the offering. Existing shareholders will sell an additional 6.7 million shares.
“Candy Crush” was the most downloaded free app on iPhones and iPads in 2013, beating Facebook, Google Maps and YouTube.
The shares are expected to be priced between $21 and $24, for a total of between $466.2 million and $532.8 million. Underwriters have the option of buying up to an additional 3.3 million shares. That could raise an additional $69.9 million to $79.9 million.
Shares would be listed on the New York Stock Exchange under the symbol “KING.”
The post King Digital sets IPO range at $21 to $24 per share, seeing potential for $613M cash raise appeared first on Canadian Business.
Swiss open money laundering probe of Uzbek president’s eldest daughter
– canadianbusiness.com
GENEVA – Switzerland’s attorney general’s office says it has opened a money laundering investigation against the eldest daughter of Uzbekistan’s authoritarian president, Islam Karimov.
The office says its investigations into Gulnara Karimova, a glamorous and wealthy diplomat, pop singer and businesswoman, have also triggered new leads abroad, particularly in Sweden and France.
Swiss prosecutors said in the statement Wednesday they opened a criminal investigation in July 2012 initially directed against four Uzbek nationals in contact with the president’s daughter, leading to the arrest of two of them in the summer of 2012 in Geneva and their subsequent release on bail in the fall.
The office says the alleged money laundering relates to the telecommunications market in Uzbekistan and seized Swiss assets in excess of 800 million Swiss francs.
The post Swiss open money laundering probe of Uzbek president’s eldest daughter appeared first on Canadian Business.
The office says its investigations into Gulnara Karimova, a glamorous and wealthy diplomat, pop singer and businesswoman, have also triggered new leads abroad, particularly in Sweden and France.
Swiss prosecutors said in the statement Wednesday they opened a criminal investigation in July 2012 initially directed against four Uzbek nationals in contact with the president’s daughter, leading to the arrest of two of them in the summer of 2012 in Geneva and their subsequent release on bail in the fall.
The office says the alleged money laundering relates to the telecommunications market in Uzbekistan and seized Swiss assets in excess of 800 million Swiss francs.
The post Swiss open money laundering probe of Uzbek president’s eldest daughter appeared first on Canadian Business.
Candy Crush Saga maker seeks $7.6-billion valuation from IPO
– theglobeandmail.com
Owner King Ditigal said it expects to price its U.S. initial public offering at between $21 and $24 per share
