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Auto parts giant Magna earns US$558 million in Q2 + MORE Aug 5th
AURORA, Ont. – Magna International Inc. (TSX:MG) is reporting net income of US$558 million in the second quarter, a slight improvement for the Canadian auto parts giant compared with the same quarter a year ago.
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted.... More »
Sobeys/FreshCo parent company, Empire reports earnings + MORE Sep 13th
Empire Co. Ltd. is planning for sunnier economic times on the horizon, as the parent company of Sobeys says it’s continuing to see the sales gap between its discount and full-service stores narrow.
The company’s growing FreshCo discount banner has been a “home run” for Empire, said pres.... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Feb 2nd
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determine.... More »
Government formally apologizes to Omar Khadr, as Andrew Scheer condemns 'disgusting' payout - CBC.ca + MORE Jul 7th
CBC.caGovernment formally apologizes to Omar Khadr, as Andrew Scheer condemns 'disgusting' payoutCBC.caThe federal government has formally apologized to former Guantanamo Bay prisoner Omar Khadr, confirming Friday a financial settlement has been reached to end ongoing legal action. "O.... More »
Stem Announces Second Quarter 2021 Financial Results - Yahoo Finance Aug 11th
Stem Announces Second Quarter 2021 Financial Results Yahoo Financedentalcorp Reports Strong Second Quarter 2021 Results Canada NewsWireDATA Communications Management Corp. Announces Second Quarter Financial Results for 2021 Financial PostNuvei Announces Second Quarte.... More »
Woman, 60, ponders early retirement: Is it time to sell the house?
– theglobeandmail.com
Financial planner's advice includes ways Bev might enhance her financial security
A look at Experian, the credit monitoring company at the centre of the T-Mobile data breach
– canadianbusiness.com
NEW YORK, N.Y. – In the latest high-profile breach of a U.S. organization, hackers broke into Experian’s database of information on 15 million T-Mobile customers and potential customers. But what is Experian, and why does the credit bureau keep data on a wireless carrier’s customers?
Here’s a Q&A about what happened at Experian and what could happen next.
WHAT INFORMATION DOES EXPERIAN HAVE ON ME?
If you’ve applied for a credit card, mortgage, student loan or any financial product in the last three decades, Experian likely has some sort of data on you. The Consumer Financial Protection Bureau estimates Experian, Equifax and TransUnion hold records on more than 200 million Americans.
The data can be basic information like your address and birthdate. But if you’ve applied for credit, the agencies could know more about your financial situation than your parents or spouse do. They’ll have your Social Security number, all of the banks you have credit card accounts with, the limit on those cards and if you pay them down regularly…
Here’s a Q&A about what happened at Experian and what could happen next.
WHAT INFORMATION DOES EXPERIAN HAVE ON ME?
If you’ve applied for a credit card, mortgage, student loan or any financial product in the last three decades, Experian likely has some sort of data on you. The Consumer Financial Protection Bureau estimates Experian, Equifax and TransUnion hold records on more than 200 million Americans.
The data can be basic information like your address and birthdate. But if you’ve applied for credit, the agencies could know more about your financial situation than your parents or spouse do. They’ll have your Social Security number, all of the banks you have credit card accounts with, the limit on those cards and if you pay them down regularly…
Regulators close The Bank of Georgia in the 7th bank failure of 2015
– canadianbusiness.com
Regulators are closing a small Georgia bank, marking the seventh failure of a federally insured bank this year.
The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said.
Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $255.3 million of the failed bank’s assets and will gain seven locations.
As of June 30, The Bank of Georgia had about $294.2 million in total assets and $280.7 million in total deposits.
The failure is expected to cost the FDIC $23.2 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close The Bank of Georgia in the 7th bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said.
Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $255.3 million of the failed bank’s assets and will gain seven locations.
As of June 30, The Bank of Georgia had about $294.2 million in total assets and $280.7 million in total deposits.
The failure is expected to cost the FDIC $23.2 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close The Bank of Georgia in the 7th bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Online stock brokerage firm Scottrade says info of 4.6 million customers may have been stolen
– canadianbusiness.com
NEW YORK, N.Y. – Online stock brokerage company Scottrade said that the names and addresses of about 4.6 million of its customers may have been stolen by hackers.
The company said Friday that the Federal Bureau of Investigation recently informed it of the hack, which occurred between the end of 2013 and early 2014. Scottrade spokeswoman Shea Leordeanu said the FBI told the company that other companies were also hacked, but did not name them. The FBI did not immediately respond to a request for comment.
Scottrade said that Social Security numbers, email addresses and other sensitive information was in the system that was hacked, but hackers focused on stealing customer names and addresses.
The St. Louis-based company, which runs an online stock trading platform and bank, said customer’s funds were not stolen and no account passwords were taken. Scottrade said it has strengthened its network to prevent other hacks.
The data breach comes a day after credit ratings agency Experian said hackers broke into its system and stole the personal information of about 15 million that have applied for T-Mobile wireless service…
The company said Friday that the Federal Bureau of Investigation recently informed it of the hack, which occurred between the end of 2013 and early 2014. Scottrade spokeswoman Shea Leordeanu said the FBI told the company that other companies were also hacked, but did not name them. The FBI did not immediately respond to a request for comment.
Scottrade said that Social Security numbers, email addresses and other sensitive information was in the system that was hacked, but hackers focused on stealing customer names and addresses.
The St. Louis-based company, which runs an online stock trading platform and bank, said customer’s funds were not stolen and no account passwords were taken. Scottrade said it has strengthened its network to prevent other hacks.
The data breach comes a day after credit ratings agency Experian said hackers broke into its system and stole the personal information of about 15 million that have applied for T-Mobile wireless service…
Sprint, Bank of America and FedEx 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
Sprint Corp. (S), up 20 cents to $4.25
The telecommunications and wireless company plans to cut jobs and $2.5 billion in costs, according to The Wall Street Journal.
Bank of America Corp. (BAC), down 17 cents to $15.38
The bank’s Merrill Lynch unit will face a shareholder lawsuit alleging a conflict of interest over its role in the $690 million sale of Zale Corp.
FedEx Corp. (FDX), up 81 cents to $145.52
Rival United Parcel Service Inc. is lobbying against the delivery service’s buyout of TNT Express, according to media reports.
Supervalu Inc. (SVU), down 4 cents to $6.99
The grocery wholesaler and retailer said that President and CEO Sam Duncan will retire in February, at the end of the fiscal year.
T-Mobile US Inc. (TMUS), up 57 cents to $40.70
Hackers have stolen personal information belonging to about 15 million of the telecommunications company’s wireless customers…
NYSE
Sprint Corp. (S), up 20 cents to $4.25
The telecommunications and wireless company plans to cut jobs and $2.5 billion in costs, according to The Wall Street Journal.
Bank of America Corp. (BAC), down 17 cents to $15.38
The bank’s Merrill Lynch unit will face a shareholder lawsuit alleging a conflict of interest over its role in the $690 million sale of Zale Corp.
FedEx Corp. (FDX), up 81 cents to $145.52
Rival United Parcel Service Inc. is lobbying against the delivery service’s buyout of TNT Express, according to media reports.
Supervalu Inc. (SVU), down 4 cents to $6.99
The grocery wholesaler and retailer said that President and CEO Sam Duncan will retire in February, at the end of the fiscal year.
T-Mobile US Inc. (TMUS), up 57 cents to $40.70
Hackers have stolen personal information belonging to about 15 million of the telecommunications company’s wireless customers…
