Will debt settlement hurt authorized user's credit? + MORE Apr 9th
Weekly rate report: Average card APR advances to a record high of 17.52 percent + MORE Jan 30th
Harper says Canadian economy in ‘downturn’ due to negative global trends + MORE Jul 11th
Rate survey: Average card rate slips to 15.16 percent + MORE Feb 11th
Amtrak resumes service between Toronto and New York & a new Amex Offer for Lordco Auto Parts + MORE Jul 12th
Winners & Losers: Investors say Yahoo to Alibaba’s IPO, Target fires a dud
– canadianbusiness.com
▲ Winner: AlibabaDon’t forget: you read it in CB’s 2014 Outlook issue first
The massive China-based online retailer announced on May 6 that it had filed an IPO, and before you could say “open sesame” financial experts were predicting it would out-raise previous record-breaking offerings set by Facebook ($16 billion) and Visa ($20 billion). Founder Jack Ma, already China’s fifth richest person, with a net worth of $8.4 billion, is set to become even richer, thanks to his 8.9% ownership. The sale is also a potential boon to Yahoo, which owns 22.6% of Alibaba, and could see a payday of up to $10 billion as a result. Yahoo’s success or failure will depend on how it handles that windfall—not to mention how it handles becoming overshadowed by what many believe will be the next global tech powerhouse.
▼ Loser: Target
Zellers, all is forgiven!
The retailing giant’s aim has been more than a little off-target of late. On May 5 CEO Gregg Steinhafel resigned after the board suggested that it was time for new leadership…
A quick bonus offer note for our readers!To celebrate Mother’s Day Air Canada is giving 1,000 Bonus Aeroplan Miles with every new booking made on aircanada.com using promotion code MOTHER2014. Book any fare on Air Canada, Air Canada Express or Air Canada rougeTM for summer travel until August 24, 2014May 9 Update: Jet Airways spins off their JetPrivilege program, buy Avios bonus from British Airways, Home Hardware Aeroplan bonus
– RewardsCanada.ca
Friday is quiet on the news front, just have lots of bonuses to tell you about! News, Tips & Tricks Aeroplan has another short term bonus for shopping at Home Hardware. Until May 17th you can earn Triple Miles when you shop at Home Hardware, Home Building Centre and Home Furniture locations. Full details. Jet Airways has spun off their JetPrivilege frequent flyer program into a separate entity much like Aeroplan. For the time being the program will run the same as it has before for Jet Airways but one can guess as a stand alone loyalty program they will look to grow into a coalition model like Aeroplan but for the Indian market. Bonus Offers Best Western Rewards- Double Rewards Points for stays at the: BEST WESTERN Foreshore Motel Hobart. More… Until ? British Airways Executive Club- Earn up to 7,000 Bonus Avios when you purchase or gift Avios. More… Until Jun 1, 14Cathay Pacific Asia Miles- Triple Asia Miles for stays in a suite at particiatping Peninsula Hotels Worldwide…R&B singer Chris Brown admits probation violation, sentenced to LA jail term and probation
– canadianbusiness.com
The singer appeared in court and, while his mother and several friends and supporters looked on, he admitted committing a crime in Washington in October.
Superior Court Judge James R. Brandlin sentenced Brown to serve a year in county jail, but gave him credit for nearly eight months of time served. The credits include time the Grammy winner has spent in rehab and jail, as well as credits for good behaviour while behind jail.
His admission came in a felony assault case filed after Brown attacked pop singer Rihanna hours before the 2009 Grammy Awards. The pair was dating at the time.
Brown has been in custody since mid-March, when he was arrested after being dismissed from a court-ordered rehab sentence.
He faces a misdemeanour assault charge in Washington after a man accused the singer of hitting him outside a hotel in the nation’s capital…


