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Stock markets brace for collateral damage as first shots fired in Trump's trade war + MORE Mar 23rd
Fears of a trade war are roiling financial markets Friday, with stocks under pressure around the world and the dollar in retreat..... More »
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Canadians are falling deeper into debt: Statistics Canada - BNN Bloomberg Sep 12th
Canadians are falling deeper into debt: Statistics Canada BNN BloombergDebt-to-disposable income ratio rises to 182%, StatsCan says CBC NewsCanada Q2 household debt-to-income ratio widens to new record high ReutersMortgage volume fell in Q2 as credit card debt rose: .... More »
Macy’s, Ruby Tuesday, Bed Bath & Beyond, AbbVie and Five Below 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
Macy’s Inc., down $1.89 to $65.92
The department store operator said it will restructure its merchandising and marketing operations and will close 14 stores.
Ruby Tuesday Inc., down 83 cents to $6.27
The chain-restaurant operator’s quarterly revenue fell short of expectations, with sales at restaurants open at least a year declining.
The Container Store Group Inc., down $3.02 to $18.19
The storage products retailer’s quarterly profit met expectations, but its revenue fell short of forecasts.
DuPont Co., down $1.03 to $73.50
A hedge fund led by activist investor Nelson Peltz announced plans to nominate its own slate of four directors to chemical company’s board.
AbbVie Inc. down $1.85 to $65.78
The drugmaker delivered what some analysts saw as a conservative forecast for 2015 earnings growth.
Nasdaq
Bed Bath & Beyond Inc…
NYSE
Macy’s Inc., down $1.89 to $65.92
The department store operator said it will restructure its merchandising and marketing operations and will close 14 stores.
Ruby Tuesday Inc., down 83 cents to $6.27
The chain-restaurant operator’s quarterly revenue fell short of expectations, with sales at restaurants open at least a year declining.
The Container Store Group Inc., down $3.02 to $18.19
The storage products retailer’s quarterly profit met expectations, but its revenue fell short of forecasts.
DuPont Co., down $1.03 to $73.50
A hedge fund led by activist investor Nelson Peltz announced plans to nominate its own slate of four directors to chemical company’s board.
AbbVie Inc. down $1.85 to $65.78
The drugmaker delivered what some analysts saw as a conservative forecast for 2015 earnings growth.
Nasdaq
Bed Bath & Beyond Inc…
Most actively traded companies on the TSX
– canadianbusiness.com
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,384.92, down 72.80 points):
Goldgroup Mining Inc. (TSX:GGA). Miner. Unchanged at 13 cents on 21.3 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Down 21 cents, or 5.08 per cent, to $3.92 on 15.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up two cents, or 0.22 per cent, to $9.03 on 11.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.57 per cent, to $2.32 on 5.3 million shares.
Coalspur Mines Ltd. (TSX:CPT). Miner. Unchanged at 1.5 cents on 4.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 25 cents, or 1.95 per cent, to $13.04 on 4.8 million shares.
Companies reporting major news:
TransCanada Corp. (TRP:TSX). Pipelines. Up 41 cents, or 0.75 per cent, to $55.34 on 1.8 million shares. A Nebraska court struck down a lower-court decision that had been one of the barriers to the stalled Keystone XL pipeline. The end of the Nebraska case means U…
Toronto Stock Exchange (14,384.92, down 72.80 points):
Goldgroup Mining Inc. (TSX:GGA). Miner. Unchanged at 13 cents on 21.3 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Down 21 cents, or 5.08 per cent, to $3.92 on 15.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up two cents, or 0.22 per cent, to $9.03 on 11.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.57 per cent, to $2.32 on 5.3 million shares.
Coalspur Mines Ltd. (TSX:CPT). Miner. Unchanged at 1.5 cents on 4.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 25 cents, or 1.95 per cent, to $13.04 on 4.8 million shares.
Companies reporting major news:
TransCanada Corp. (TRP:TSX). Pipelines. Up 41 cents, or 0.75 per cent, to $55.34 on 1.8 million shares. A Nebraska court struck down a lower-court decision that had been one of the barriers to the stalled Keystone XL pipeline. The end of the Nebraska case means U…
Best Buy Canada severs credit card ties with Chase, signs deal with Desjardins
– canadianbusiness.com
TORONTO – Best Buy Canada is moving its private-label credit card portfolio to Desjardins Group, ending a longtime relationship with Chase Bank.
The electronics retailer sent notices to Chase cardholders this week saying their co-branded Best Buy Reward Zone Visa would deactivate at the end of February.
The changes come after Best Buy announced a new partnership with Desjardins that will take effect on April 15. Under the agreement, the Quebec-based financial institution will acquire the private-label credit card portfolios under the brands of Best Buy and its sister company Future Shop.
Financial terms, and the value of the portfolio, were not disclosed.
Meanwhile, Best Buy urged customers to continue earning points as Best Buy RewardZone members by shopping online and in-store. The company did not say whether it planned to launch a new Visa-branded credit card with another provider.
Private-label cards are designed to be accepted only at a specific retailer and are particularly common with department stores and electronics chains…
The electronics retailer sent notices to Chase cardholders this week saying their co-branded Best Buy Reward Zone Visa would deactivate at the end of February.
The changes come after Best Buy announced a new partnership with Desjardins that will take effect on April 15. Under the agreement, the Quebec-based financial institution will acquire the private-label credit card portfolios under the brands of Best Buy and its sister company Future Shop.
Financial terms, and the value of the portfolio, were not disclosed.
Meanwhile, Best Buy urged customers to continue earning points as Best Buy RewardZone members by shopping online and in-store. The company did not say whether it planned to launch a new Visa-branded credit card with another provider.
Private-label cards are designed to be accepted only at a specific retailer and are particularly common with department stores and electronics chains…
From technology companies eager to pump up their latest gizmos, to the ongoing impact of the cratering price of oil, it was a busy week in the financial world. CBC’s Jacqueline Hansen gets you caught up in our weekly video recap
