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French ex-minister in court over tax fraud, money laundering + MORE Feb 8th
PARIS — Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world.
President Francois Hollande’s onetime budget minister is now facing the prospect of prison as.... More »
90 days - 1.75% + MORE Jan 22nd
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online..... More »
Dow and S&P cap worst first quarter ever - Aljazeera.com Mar 31st
Dow and S&P cap worst first quarter ever Aljazeera.comDow closes worst quarter in more than 30 years; S&P 500 worst since financial crisis Financial PostStocks fall, capping Wall Street's worst quarter since 2008 Yahoo Canada FinanceAsian stocks rise after Wa.... More »
Making sense of the markets this week: October 6, 2024 + MORE Oct 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Nike and Carnival’s Shareholders Cruise to Profitable Destination
According to this week’s earnings, we would rather.... More »
When investing, think like a landlord + MORE Feb 3rd
Markets never move in a straight line, yet if you look at a long-term chart of the S&P 500 you might argue otherwise.
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Gluskin Sheff Q4 revenue, earnings soar; declares special 35-cent dividend
– canadianbusiness.com
TORONTO – Gluskin Sheff and Associates Inc. (TSX:GS) has reported a big jump in fourth-quarter revenue and earnings and declared a special 35-cent dividend on top of its regulator quarterly dividend of 20 cents per share, a payout which will also be increased in the new year.
The Toronto-based wealth management company reported Thursday after markets closed that net income was $30.4 million or $1.02 per diluted share on total revenue of $78.6 million in the three months ended June 30.
That was more than double the $12 million or 41 cents per share on revenue of $31 million it earned in the comparable 2013 period.
Revenue in the latest period included base management fees of some $23.8 million, performance fees of $54.1 million and $727,000 of other income.
The special dividend relates to performance fees earned in the six months ended June 30 net of related bonus expense and income tax, less the cash requirements related to the acquisition of Blair Franklin Asset Management, the company said…
The Toronto-based wealth management company reported Thursday after markets closed that net income was $30.4 million or $1.02 per diluted share on total revenue of $78.6 million in the three months ended June 30.
That was more than double the $12 million or 41 cents per share on revenue of $31 million it earned in the comparable 2013 period.
Revenue in the latest period included base management fees of some $23.8 million, performance fees of $54.1 million and $727,000 of other income.
The special dividend relates to performance fees earned in the six months ended June 30 net of related bonus expense and income tax, less the cash requirements related to the acquisition of Blair Franklin Asset Management, the company said…
Chinese e-commerce company Alibaba will price its shares at $68 US when it lists on the New York Stock Exchange Friday, valuing the firm at $168 billion.
Alibaba raises US$21.8B in IPO
– canoe.ca
Alibaba Group Holding priced its initial public offering at US$68 a share, the top end of the expected range, raising $21.8 billion on Thursday.
Should you invest in Alibaba? And 9 other questions about the world's biggest IPO – Washington Post
– news.google.ca
Economic TimesShould you invest in Alibaba? And 9 other questions about the world's biggest IPOWashington PostIn the late 1990s, a 34-year-old Chinese schoolteacher named Jack Ma, working from his cramped apartment, unveiled a small, colorful, chaotic Web service he named after an old folk tale. Fifteen years later, that company, Alibaba, has become the world's …Tops in E-Commerce, Alibaba Is Now Taking On China's BanksNew York TimesAlibaba founder Jack Ma's road to the topSydney Morning HeraldAlibaba's record-breaking IPO priced at 68 dollarsXinhuaFinancial Times -Bloomberg -Times of Indiaall 1,092 news articles »
U.S. household wealth hits record high
– thestar.com
Stock market, real estate gains push net worth to $81.5 trillion
