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Can debt consolidation help with Canadian student loans? Sep 29th
Ask MoneySense
My parents have RESP savings, and I have a few part-time jobs and some support from other family members. But it’s not enough. I am wondering about OSAP, as I have a tight budget. My parents always warned me that taking on debt was “bad,” though, because they had student lo.... More »
Bill Cosby fires back at 7 women suing him for defamation - CTV News + MORE Dec 14th
CTV NewsBill Cosby fires back at 7 women suing him for defamationCTV NewsBOSTON -- Bill Cosby fired back Monday at seven women who are suing him for defamation, accusing them of making false accusations of sexual misconduct for financial gain. In a countersuit filed in federal court, Cosby alleges t.... More »
Panama Papers expose cash trail amid Red Bull fugitive hunt + MORE Aug 17th
The Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan’s fugitive son was last seen.
The Yoovidhya family’s efforts to hide as.... More »
New investors who thought markets only skyrocket learn a useful lesson: Don Pittis Feb 12th
As more than one wise commentator has pointed out, the unusual thing about stock markets is not that they have zigged and zagged by a few per cent over the past two weeks. The strange thing was what came before..... More »
Fears winds could spread BC wildfires as some evacuees return home - News1130 Jul 23rd
News1130Fears winds could spread BC wildfires as some evacuees return homeNews1130Smoke is seen rising in front of the sun as a wild fire burns near Little Fort, B.C., on July 11, 2017. THE CANADIAN PRESS/Jonathan Hayward. Summary. Environment Canada says wind gusts of about 50 kilometres per hour c.... More »
Toshiba Corp. stock fell 17 per cent in trading in Tokyo Monday, wiping $3 billion Cdn. off its market value. The plunge came after the company made an announcement after markets closed Friday that it would expand an investigation into its own accounting.
Gap’s 1Q revenue is suffering under strong dollar, expects to report full results next week
– canadianbusiness.com
SAN FRANCISCO – Gap says the strong dollar is hurting its revenue.
The retailer behind the Gap, Old Navy and Banana Republic brands said Monday that its first-quarter revenue fell 3 per cent to $3.66 billion. The translation of foreign sales into U.S. dollars pushed this figure down by about $90 million, driven largely by the weakening Japanese yen and Canadian dollar. On a constant currency basis, its revenue would have fallen 1 per cent.
Analysts surveyed by FactSet expected revenue of $3.76 billion.
Gap is one of many companies struggling with the impact of the strong dollar as sales in foreign currencies amount to less once they are translated back into U.S. dollars.
The retailer expects earnings between 55 and 56 cents per share with a 2 cent benefit tied to tax matters. Analysts expect 54 cents.
The post Gap’s 1Q revenue is suffering under strong dollar, expects to report full results next week appeared first on Canadian Business – Your Source For Business News.
The retailer behind the Gap, Old Navy and Banana Republic brands said Monday that its first-quarter revenue fell 3 per cent to $3.66 billion. The translation of foreign sales into U.S. dollars pushed this figure down by about $90 million, driven largely by the weakening Japanese yen and Canadian dollar. On a constant currency basis, its revenue would have fallen 1 per cent.
Analysts surveyed by FactSet expected revenue of $3.76 billion.
Gap is one of many companies struggling with the impact of the strong dollar as sales in foreign currencies amount to less once they are translated back into U.S. dollars.
The retailer expects earnings between 55 and 56 cents per share with a 2 cent benefit tied to tax matters. Analysts expect 54 cents.
The post Gap’s 1Q revenue is suffering under strong dollar, expects to report full results next week appeared first on Canadian Business – Your Source For Business News.
Hooters Casino Hotel sold for $70 million to New York-based hotel investment firm
– canadianbusiness.com
LAS VEGAS, Nev. – A real estate broker representing the owners of the Hooters Casino Hotel says the near-Strip property has sold for about $70 million to a New York-based hotel investment company.
Michael Parks with CBRE Group in Las Vegas confirmed Monday the casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC.
Parks says he represented the seller, Canyon Capital Advisors.
Parks says the purchase price for the nearly 700-room hotel includes the $53.8 million paid for real estate in addition to the personal property attached to it including furniture and fixtures inside.
It isn’t clear what Trinity Hotel Investors plans to do with the property. A call Monday to the firm’s chief investment officer was not returned.
Canyon Capital Advisors has owned the casino-hotel since 2012.
The post Hooters Casino Hotel sold for $70 million to New York-based hotel investment firm appeared first on Canadian Business – Your Source For Business News.
Michael Parks with CBRE Group in Las Vegas confirmed Monday the casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC.
Parks says he represented the seller, Canyon Capital Advisors.
Parks says the purchase price for the nearly 700-room hotel includes the $53.8 million paid for real estate in addition to the personal property attached to it including furniture and fixtures inside.
It isn’t clear what Trinity Hotel Investors plans to do with the property. A call Monday to the firm’s chief investment officer was not returned.
Canyon Capital Advisors has owned the casino-hotel since 2012.
The post Hooters Casino Hotel sold for $70 million to New York-based hotel investment firm appeared first on Canadian Business – Your Source For Business News.
Morgan Stanley will sell oil storage and transport business after facing scrutiny
– canadianbusiness.com
NEW YORK, N.Y. – Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton.
Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping contracts. The companies say they hope to complete the deal in 2015. They did not disclose terms of the sale.
In November a Senate investigation said Morgan Stanley and other Wall Street banks that owned commodities like oil and aluminum and uranium exposed themselves to big risks and gave themselves unfair trading advantages in financial markets.
The report said Morgan Stanley got important non-public information about oil shipments and pipelines and could’ve used that information to make bigger profits in trading.
Goldman Sachs later agreed to sell its metals storage business.
The post Morgan Stanley will sell oil storage and transport business after facing scrutiny appeared first on Canadian Business – Your Source For Business News.
Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping contracts. The companies say they hope to complete the deal in 2015. They did not disclose terms of the sale.
In November a Senate investigation said Morgan Stanley and other Wall Street banks that owned commodities like oil and aluminum and uranium exposed themselves to big risks and gave themselves unfair trading advantages in financial markets.
The report said Morgan Stanley got important non-public information about oil shipments and pipelines and could’ve used that information to make bigger profits in trading.
Goldman Sachs later agreed to sell its metals storage business.
The post Morgan Stanley will sell oil storage and transport business after facing scrutiny appeared first on Canadian Business – Your Source For Business News.
Behind the Chronic Weakness of Capital Investment
– online.wsj.com
Companies have lots of cash on the books but are slow to lay it out—that’s one reason why productivity has slowed.
