There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Malaysia says Goldman Sachs must pay, apology not enough Jan 18th
Malaysia's finance minister says that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..... More »
The trouble with austerity nostalgia + MORE Jan 24th
(Alexander Kachkaev)
THE MINISTRY OF NOSTALGIA
Owen Hatherley
“Nothing is too good for ordinary people.” Architect Berthold Lubetkin’s motto still carries an electric charge, which may be why it is so hard to buy this quote on a tea towel. “Keep calm and carry on,” on the other hand, sou.... More »
Lowe’s forecasts 2017 sales ahead of estimates; shares rise + MORE Mar 1st
Home improvement retailer’s quarterly earnings climb to $663-million, from $11-million, a year earlier
.... More »
Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets Mar 8th
DORAL, Fla. (AP) — President Donald Trump said Saturday that it was inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East as the week-old war rages..... More »
George Weston hikes dividend as improvements at Loblaw boost profit + MORE May 9th
Company posts a 189-per-cent increase to its first-quarter profit
.... More »
Pimco assets stabilize a year after Bill Gross’s surprise exit
– theglobeandmail.com
Assets under management at Pimco were $1.47-trillion as of September, little changed from $1.52-trillion as of June 30, the Newport Beach, California-based company reported on its website
Thy Neighbor's Assets
– online.wsj.com
Envy as economic policy.
Daily Deals: Suncor spurned, big U.S. chip deal and how to ‘cleanse’ an IPO
– theglobeandmail.com
Mergers, acquisitions, private equity and venture capital deals from Canada and around the world
Education Department tightens student financial aid payments to for-profit college ITT Tech
– canadianbusiness.com
WASHINGTON – Education officials are placing new limits on federal student aid administered by struggling for-profit college chain ITT Educational Services.
The move comes after the government found ITT was failing to comply with previous orders to improve its financial controls.
ITT has not produced proper and timely accounting for the federal grants and loans it distributes to students since at least 2009, the Department of Education says in a letter sent to ITT on Monday. As a result, the letter says, ITT will now be allowed to pay out federal education funds to students only after they have attended classes and been certified as eligible by a school representative.
Along with delaying ITT’s receipt of federal funds, the Education Department will also require the company to provide it with additional student information and news about any restrictions placed on it by lenders. In a statement accompanying the letter, Education Undersecretary Ted Mitchell said that the government would take additional actions against ITT if it believed doing so would keep students safe…
The move comes after the government found ITT was failing to comply with previous orders to improve its financial controls.
ITT has not produced proper and timely accounting for the federal grants and loans it distributes to students since at least 2009, the Department of Education says in a letter sent to ITT on Monday. As a result, the letter says, ITT will now be allowed to pay out federal education funds to students only after they have attended classes and been certified as eligible by a school representative.
Along with delaying ITT’s receipt of federal funds, the Education Department will also require the company to provide it with additional student information and news about any restrictions placed on it by lenders. In a statement accompanying the letter, Education Undersecretary Ted Mitchell said that the government would take additional actions against ITT if it believed doing so would keep students safe…
Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK
– canadianbusiness.com
Humana says shareholders at a special meeting overwhelming approved the company’s takeover by fellow insurer Aetna.
The Louisville, Kentucky-based company said Monday that more than 99 per cent of shares voted at the meeting were in favour the deal, which was announced in July. That total represents about 87 per cent of Humana’s total outstanding common shares.
Separately, Aetna, of Hartford, Connecticut, says that shareholders approved the issuance of stock to Humana shareholders.
The $37 billion deal will create the country’s second-largest managed care company. It’s still subject to approval by regulators and other closing conditions. Humana Inc. and Aetna Inc. expect to complete the transaction in the second half of 2016.
The post Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK appeared first on Canadian Business – Your Source For Business News.
The Louisville, Kentucky-based company said Monday that more than 99 per cent of shares voted at the meeting were in favour the deal, which was announced in July. That total represents about 87 per cent of Humana’s total outstanding common shares.
Separately, Aetna, of Hartford, Connecticut, says that shareholders approved the issuance of stock to Humana shareholders.
The $37 billion deal will create the country’s second-largest managed care company. It’s still subject to approval by regulators and other closing conditions. Humana Inc. and Aetna Inc. expect to complete the transaction in the second half of 2016.
The post Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK appeared first on Canadian Business – Your Source For Business News.
