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Delta Air Lines places firm order for 75 CSeries aircraft + MORE Apr 28th
MONTREAL — Bombardier says Delta Air Lines Inc. has placed a firm order for 75 CS100 aircraft with options for an additional 50 CS100 aircraft in what would be the largest order for the CSeries jets.
The company says, based on the list price, the firm order is valued at approximately US$5.6 billi.... More »
The process of unlocking a LIRA account in Canada + MORE Feb 1st
Thank you for “How to get money out of locked-in retirement accounts”.
I have a federally regulated LIRA. I’m 55. I’m looking to unlock 50% of the balance. I came across your article while seeking some LIRA/LIF/RRSP information.
I’m getting conflicting information regarding t.... More »
Why Canada’s big investment banks don’t suffer like global rivals + MORE Apr 1st
During the crisis, many global investment banks were dinged for having far too much financial leverage
.... More »
Asian stocks rise after Wall Street’s big week, European banker’s stimulus comments + MORE Nov 23rd
BEIJING, China – Asian stock markets mostly rose Monday following Wall Street’s strong gains last week and the chief European central banker’s comment that the ECB will consider more stimulus.
KEEPING SCORE: Hong Kong’s Hang Seng was little changed at 22,748.63 while Seoul.... More »
EU says China needs to give EU companies fair market access + MORE Jul 11th
BEIJING, China – The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.
Cecilia Malmstrom said market access and other issues need to.... More »
Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp
– canadianbusiness.com
NEW YORK, N.Y. – Angie’s List says that its board has rejected a $512 million takeover deal from Internet company IAC/InterActiveCorp.
Shares of Angie’s List fell sharply before the stock market opened Tuesday.
The home services review site said last week’s deal “dramatically undervalues” the company. IAC offered $8.75 for each share of Angie’s List, which was a 10 per cent premium on the stock at the time.
Angie’s List said it has a plan to grow its profit and said a deal with IAC will not benefit shareholders.
IAC did not immediately respond to a request for comment. The New York company owns several websites, including About.com and HomeAdvisor.com.
Angie’s List Inc., based in Indianapolis, lets users research, shop for and rate plumbers, cleaners and other home services.
Its shares fell 7 per cent to $9.15 in premarket trading Tuesday.
The post Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp appeared first on Canadian Business – Your Source For Business News.
Shares of Angie’s List fell sharply before the stock market opened Tuesday.
The home services review site said last week’s deal “dramatically undervalues” the company. IAC offered $8.75 for each share of Angie’s List, which was a 10 per cent premium on the stock at the time.
Angie’s List said it has a plan to grow its profit and said a deal with IAC will not benefit shareholders.
IAC did not immediately respond to a request for comment. The New York company owns several websites, including About.com and HomeAdvisor.com.
Angie’s List Inc., based in Indianapolis, lets users research, shop for and rate plumbers, cleaners and other home services.
Its shares fell 7 per cent to $9.15 in premarket trading Tuesday.
The post Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp appeared first on Canadian Business – Your Source For Business News.
The Power 50: Canada’s Most Powerful Business People 2016
– canadianbusiness.com
Each year, Canadian Business compiles a list of the executives, entrepreneurs, politicos, and thinkers who are changing the way Canada does business. Click or tap any name on the list to read more about where they got their influence and why they matter now.
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td.p50-why a { font-weight: bold; }
RankNameTitleOrganizationWhy they matter
1Rachel NotleyPremierProvince of AlbertaHas all of Canada waiting for answers MORE »
2Mark WisemanPresident & CEOCanada Pension Plan Investment BoardEnsures you can retire MORE »
3John RuffoloCEOOMERS VenturesBankrolls Canada’s tech resurgence MORE »
4Justin TrudeauPrime MinisterCanadaSets the country’s priorities MORE »
5Mike LazaridisFounderQuantum Valley InvestmentsBuilding the next Silicon Valley in Waterloo, Ont. MORE »
6Steve WilliamsPresident & CEOSuncor Energy Inc.Doesn’t let depressed oil prices slow him down MORE »
7Prem WatsaChairman & CEOFairfax Financial Holdings Ltd…
Before the Bell: U.S., Canadian stock rally set to continue
– theglobeandmail.com
A look ahead to the trading day for Canadian investors
Wal-Mart Stores tops 3Q net income expectations as a key sales figure rises
– canadianbusiness.com
NEW YORK, N.Y. – Walmart reported improved customer traffic and an uptick in a key sales figure as it topped earnings expectations in the third quarter, even as a stronger dollar pressured its performance overseas.
The world’s largest retailer also forecast a fourth-quarter earnings range that largely exceeds analyst expectations and narrowed its full-year outlook after cutting it in August.
Its shares edged up more than 2 per cent in premarket trading Tuesday.
Wal-Mart’s net income fell 11 per cent to $3.3 billion in the quarter ended Oct. 31, but its earnings per share of $1.03 per share topped Wall Street expectations.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
Revenue slipped to $117.42 billion from $119 billion. On a constant currency basis, revenue totalled $122.4 billion. Nine analysts surveyed by Zacks expected $117.82 billion.
The retailer has been pressured on a number of fronts so far this year…
The world’s largest retailer also forecast a fourth-quarter earnings range that largely exceeds analyst expectations and narrowed its full-year outlook after cutting it in August.
Its shares edged up more than 2 per cent in premarket trading Tuesday.
Wal-Mart’s net income fell 11 per cent to $3.3 billion in the quarter ended Oct. 31, but its earnings per share of $1.03 per share topped Wall Street expectations.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
Revenue slipped to $117.42 billion from $119 billion. On a constant currency basis, revenue totalled $122.4 billion. Nine analysts surveyed by Zacks expected $117.82 billion.
The retailer has been pressured on a number of fronts so far this year…
Pandora says it is acquiring technology and intellectual property from Rdio and will add new features to its Internet music streaming service by late next year.
