Republican presidential candidate Bush earned over $9 million in business deals, paid speeches + MORE Aug 5th

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MONTREAL – Canadian retailer Laura’s Shoppe Inc. has filed for creditor protection as part of an effort to ensure its survival.
The owner of 150 women’s clothing stores, under various Laura banners and Melanie Lyne, says it faced large losses in both 2012 and 2013 as it made changes to its merchandise lines that didn’t resonate with its customers.
“Sales have since rebounded, but additional initiatives need to be put into place to complete the restructuring of the retailer’s operations,” the company said Tuesday in a statement.
“Filing is one of the steps that has been taken to achieve this objective.”
Laura is considering the steps of its restructuring process, which will include closing underperforming stores, it said.
Representatives for the company did not answer requests for comment or additional details.
Laura, which was founded in 1930, is just the latest in a number of Canadian retailers who have been slammed with financial problems in recent months…

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Company head plays down concerns of crowded field in which ‘everyone has a very different strategy’

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WASHINGTON – Republican presidential contender Jeb Bush earned more than $9 million over the last 17 months from speaking fees and an assortment of business interests, including a health services firm in Puerto Rico and an online lending operation, according to newly released financial records.
The former Florida governor has pegged his own net worth between $19 million and $22 million, much of it based on a trove of investments that include mutual funds, securities, stocks and bonds. He also owns a variety of real estate interests stretching from condominiums in Miami to investments in retail developments in Marseille, France, and an office development in Mumbai, India.
Bush reported more than $1.8 million in speaking fees since the beginning of 2014. That’s an average of just over $42,000 for each speech.
His single largest source of income was Jeb Bush & Associates, which collected his speaking fees and performs strategy and consulting work. Bush says he no longer owns that firm, but he declared $7…

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Business Highlights

– canadianbusiness.com

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How much more does the CEO make? You may find out
WASHINGTON (AP) — CEOs make a lot more than the average working Joe or Jane. And in the near future, Americans will find out how big the disparity actually is within publicly traded companies.
Federal regulators, under mandate from a 2010 law that reshaped regulation after the financial crisis, will require companies to reveal the extent of their own pay gaps. The Securities and Exchange Commission is scheduled to vote Wednesday to formally adopt the rule, which will compel public companies to disclose the ratio between their chief executives’ annual compensation and median employee pay.
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Fire sale on stuff that burns: Oil, natural gas, coal down
NEW YORK (AP) — These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices.
Prices for coal, natural gas, oil and the fuels made from crude such as gasoline and diesel are all far less expensive than they have been in recent years…

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