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Canadian Women's Hockey League to close down over financial difficulties + MORE Mar 31st
The Canadian Women's Hockey League announced Sunday it would be discontinuing operations as of May 1 because of a business model that proved to be "economically unsustainable.".... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
What does Nvidia’s stock split mean for Canadian investors? + MORE Jun 13th
“Should I be buying that artificial intelligence (AI) company, the one that’s done the stock split?” It’s a question I received from a number of Canadian investors in the week leading up to Nvidia’s 10-for-1 stock split on June 10. Many didn’t even know the name of the company or what it.... More »
Weekend Reading – Nuking the mortgage market, costly add-ons, VOIP and more Oct 22nd
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Hope you’re enjoying your weekend so far…
Earlier this week I shared this update:
2016 Predictions October Update
I also provided this dividend income update – a new milestone was .... More »
Why beating forecasts is largely irrelevant in this U.S. earnings season + MORE Jul 26th
Measuring earnings against expectations is mostly a distraction. Instead, keep your eye on the longer-term trend in profit growth
.... More »
An interview with Vladimir Putin: An exercise in control
– macleans.ca
Russian President Vladimir Putin, left, meets with AFP’s Florence Biedermann, centre, and PA Chief Executive Clive Marshall at the St. Petersburg International Investment Forum in St.Petersburg, Russia, Friday, June 19, 2015. (AP Photo/Alexander Zemlianichenko)ST. PETERSBURG, Russia – When the heads of the world’s major news agencies sat down a year ago with Vladimir Putin at a St. Petersburg palace, they were treated to a long, sumptuous meal of Crimean flounder, a dish evidently chosen not only for its delicacy but for the political statement.
This year it was tea and caviar at the stroke of midnight in a wood-panelled library.
The Russian president had just completed a whirlwind of back-to-back meetings on the sidelines of his showcase economic forum, an event where he also delivered a marathon question-and-answer performance under the folksy moderation of CBS News journalist Charlie Rose.
He apologized for being hours late for the meeting with news agency heads.
If you talk to other world leaders or the Russian media, Putin is always late — a reflection perhaps of his punishing schedule as much as a demonstration of who is in charge…
Analysts warn BlackBerry’s first-quarter earnings will disappoint
– theglobeandmail.com
The first 18 months of BlackBerry’s transition plan to rely less on revenue from handsets and more on mobile enterprise software will be judged on Tuesday with the company’s first-quarter earnings. Analysts are already warning the company may offer little evidence of traction
Cigna rejects $47 billion takeover bid from rival health insurer Anthem
– canadianbusiness.com
SAN FRANCISCO – Health insurer Cigna has rejected a $47 billion offer to be acquired by its larger rival, Anthem, saying the terms of the bid are inadequate and “woefully skewed in favour of Anthem shareholders.”
Cigna’s sharply worded rejection came just one day after Anthem went public with its cash-and-stock offer, which amounts to about $184 for each Cigna share or about an 18 per cent premium on Cigna’s closing stock price on Friday.
The proposed deal would make Anthem an even bigger giant in an industry that many see as ripe for consolidation, as insurers struggle to cut costs in the face of new regulations and technological advances. Anthem has said the combined companies would have annual revenue of more than $115 billion and provide insurance for about 53 million people.
It’s unclear if the talks are dead. Cigna said Sunday that a deal with Anthem — “under the right circumstances” — would provide substantial benefits to consumers, doctors and investors in both companies…
Cigna’s sharply worded rejection came just one day after Anthem went public with its cash-and-stock offer, which amounts to about $184 for each Cigna share or about an 18 per cent premium on Cigna’s closing stock price on Friday.
The proposed deal would make Anthem an even bigger giant in an industry that many see as ripe for consolidation, as insurers struggle to cut costs in the face of new regulations and technological advances. Anthem has said the combined companies would have annual revenue of more than $115 billion and provide insurance for about 53 million people.
It’s unclear if the talks are dead. Cigna said Sunday that a deal with Anthem — “under the right circumstances” — would provide substantial benefits to consumers, doctors and investors in both companies…
