How I saved $1 million by age 33 + MORE Nov 19th

Bombardier Inc. said on Thursday that Quebec’s public pension fund manager is buying a 30% stake in its rail arm for US$1.5 billion, putting the company on stronger financial footing as it pushes to launch its long-delayed CSeries jet.

LOS ANGELES, Calif. – Horizon Pharma says it is dropping its hostile bid for rival drugmaker Depomed after a judge rejected its effort to nullify Depomed’s “poison pill” takeover defence.
Horizon said Thursday that while it strongly disagreed with the ruling from a California superior court judge, it is withdrawing its offer. Depomed had repeatedly rejected Horizon’s overtures, saying they undervalued the Newark, California-based company.
As of Thursday, Horizon’s all stock bid was worth about $1.1 billion.
Depomed in July adopted the “poison pill” measure, which can thwart takeover attempts by making them too expensive.
Dublin-based Horizon Pharma PLC makes the rheumatoid arthritis drug Duexis. Depomed Inc. has a portfolio that includes the migraine drug Cambia.
Depomed’s shares rose almost 4 per cent in extended trading, while Horizon’s rose less than 1 per cent.
The post Horizon drops hostile bid for Depomed after California judge’s ruling appeared first on Canadian Business – Your Source For Business News.

CHARLESTON, W.Va. – Jurors told a federal judge Thursday that they could not agree on a verdict in the trial of ex-Massey Energy CEO Don Blankenship, but the judge ordered them to continue deliberating.
The jury sent a note to U.S. District Judge Irene Berger late Thursday morning asking how long they should continue deliberating and saying they could not agree.
Berger assembled jurors in the Charleston, West Virginia, courtroom and told them that given the length of the trial and the number of witnesses, they must continue trying to reach a verdict.
The jury deliberated for an hour Tuesday and all day Wednesday and Thursday without reaching a verdict. They are set to resume Friday morning.
Blankenship is charged with conspiring to break safety laws and defrauding mine regulators at West Virginia’s Upper Big Branch Mine, and lying to financial regulators and investors about safety. The mine exploded in 2010, killing 29 men.
He could face up to 30 years in prison.
The trial, which began Oct…

Urging first-time buyers to regard a 10-per-cent down payment as the minimum and ensuring they plan to stay put for 10 years would do wonders in helping Canada’s red-hot real estate market cool off a bit

Fidan Geneski, 33 from Ajax, Ont. (Photograph by Shlomi Amiga)
Sometimes a moment in your life changes you forever and that moment happened for me when I was 18 years old. The house next door to my family home in Scarborough, Ont. went up for sale and my dad looked at it to see if it would be a good investment. My dad spent his adult life running our family restaurant and had never bought a rental property before. But he had some savings and was looking for an investment that would offer him better returns than a simple GIC.
I still remember how excited my father was after he saw the house. His excitement piqued my interest. I had $12,000 just sitting in my own bank account—money I had saved over the years from working weekends at the restaurant. That afternoon, we ran the numbers. It didn’t take long for us to see that the $185,000-house was a great investment. My dad put down $40,000; I added $12,000 and my younger brother added $7,000 more—making it truly a family affair. That was 15 years ago and the investment has paid off in spades…