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LVMH luxury group in talks to buy French newspaper, 8 years after buying financial daily + MORE May 26th
PARIS – The world’s No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos.
A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with th.... More »
Investment fees are eating your returns + MORE Mar 16th
How are your investment fees affecting your returns? A new site called the WealthGame.ca has the answer, but you may not like what you learn.
Larry Bates is the founder of WealthGame.ca, which aims to draw attention to the impact fees have on your portfolio. The 25-year financial services industry.... More »
3 financial goals to kick-start the new year Jan 16th
Over the holidays, many Canadians made new year’s resolutions related to their career, health and family. If you haven’t added any financial goals to your list, now is the perfect time. Let’s look at three things you can do that could significantly impact your financial well-being this year—.... More »
Auto parts giant Magna earns US$558 million in Q2 + MORE Aug 5th
AURORA, Ont. – Magna International Inc. (TSX:MG) is reporting net income of US$558 million in the second quarter, a slight improvement for the Canadian auto parts giant compared with the same quarter a year ago.
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted.... More »
When does the “plus 1” rule apply to a principal residence? + MORE Jan 23rd
If I am willed a house and prefer to sell my primary residence to move into the inherited house, do I pay capital tax on the sale of my house?Is it better to be on title of the house I will inherit, even though I own another house, or leave it as an inherited house only to save taxes?—Doris
Tax.... More »
Three stock picks that are good value, no matter how you measure value
– theglobeandmail.com
When it comes to stock investing, you can measure value in numerous ways; each method has its merits, and its flaws
Medtronic to buy Irish manufacturer Covidien in latest acquisition among medical-device makers
– canadianbusiness.com
U.S. medical device manufacturer Medtronic says it has agreed to buy Ireland-based competitor Covidien for $42.9 billion in cash and stock, a 29 per cent premium on Covidien’s stock price.
The combined company would have its executive offices in Dublin, where it could benefit from Ireland’s lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs 8,000.
The deal is the latest in a series of acquisitions by medical-device manufacturers. The companies are seeking to expand their offerings and contain costs in response to price curbs forced by the nation’s new health care law.
In April, Zimmer Holdings, an orthopedic device maker, announced that it was buying Biomet in a $13 billion deal.
The post Medtronic to buy Irish manufacturer Covidien in latest acquisition among medical-device makers appeared first on Canadian Business.
The combined company would have its executive offices in Dublin, where it could benefit from Ireland’s lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs 8,000.
The deal is the latest in a series of acquisitions by medical-device manufacturers. The companies are seeking to expand their offerings and contain costs in response to price curbs forced by the nation’s new health care law.
In April, Zimmer Holdings, an orthopedic device maker, announced that it was buying Biomet in a $13 billion deal.
The post Medtronic to buy Irish manufacturer Covidien in latest acquisition among medical-device makers appeared first on Canadian Business.
Fairfax intends on being a long-term investor in Praktiker
– theglobeandmail.com
If Greece stays on its current course, investment could be a big hit for Toronto-based company
