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Latest News
Enerplus to sell some of its Alberta natural gas property for $198 million + MORE Jan 12th
CALGARY – Enerplus Corp. (TSX:ERF) is selling some of its Alberta natural gas assets for about $193 million.
The Calgary-based company says the properties were projected to contribute the equivalent of 5,400 barrels per day of production in 2016, almost all in the form of natural gas.
In the f.... More »
Alex Jones ordered to sell assets to pay Sandy Hook debt - BBC.com + MORE Jun 14th
Alex Jones ordered to sell assets to pay Sandy Hook debt BBC.comJudge rejects bankruptcy plan for Alex Jones’ Infowars but allows him to liquidate his personal assets CNNAlex Jones allowed to liquidate assets to help pay debt in Sandy Hook defamation verdicts, judge rules&nbs.... More »
CIBC kicks off bank results with dividend hike, beats expectations + MORE Feb 22nd
First-quarter net earnings slip to $1.32-billion from $1.4-billion a year earlier
.... More »
Canadian financial therapists on how to deal with the stress you feel over money Jul 4th
Surveys show Canadians worry more about money than personal health, work or relationships. Financial therapists say the stress can lead to anxiety, depression and other mental health challenges. Here’s how to control the stress.... More »
A second wave of COVID-19 could pummel the markets — here’s how to protect your portfolio Aug 4th
Now that stock prices have rebounded close to where they were before the crash, it’s a good time to make sure your finances are resilient..... More »
An overnight drop in stock prices that began in China provided a dismal backdrop for the first trading day of 2016.
The investment arm of the Canada Pension Plan has made its entry into the U.S. student housing market through a new joint venture.
Key ride-hailing companies who are changing the auto industry
– canadianbusiness.com
DETROIT – Ride-hailing company Lyft Inc. said Monday it’s partnering with General Motors Co. on various projects, from hubs where Lyft drivers can rent GM vehicles to an on-demand, autonomous ride service. Even with the investment, Lyft is much smaller than Uber, the giant of the ride-hailing space.
Here are some of the major players who are changing the way we get from Point A to Point B.
UBER:
Locations: Based in San Francisco. Operates in more than 300 cities and 58 countries around the world.
Funding: More than $10 billion from traditional venture investors, institutional lenders and tech giants like Google, Microsoft and China’s Baidu, which see value both in its fast-growing ride business and its accumulated data on traffic and rider habits. It’s reportedly seeking additional investors at a valuation of $62.5 billion.
Technology: Has its own mapping software, working on autonomous driving systems; also has customer-loyalty partnerships with hotel chains.
Profile: The 800-pound gorilla of on-demand ride-hailing services, Uber has a reputation for treating local regulators and competing cab companies as minor potholes to steer around or roll over…
Here are some of the major players who are changing the way we get from Point A to Point B.
UBER:
Locations: Based in San Francisco. Operates in more than 300 cities and 58 countries around the world.
Funding: More than $10 billion from traditional venture investors, institutional lenders and tech giants like Google, Microsoft and China’s Baidu, which see value both in its fast-growing ride business and its accumulated data on traffic and rider habits. It’s reportedly seeking additional investors at a valuation of $62.5 billion.
Technology: Has its own mapping software, working on autonomous driving systems; also has customer-loyalty partnerships with hotel chains.
Profile: The 800-pound gorilla of on-demand ride-hailing services, Uber has a reputation for treating local regulators and competing cab companies as minor potholes to steer around or roll over…
Business Highlights
– canadianbusiness.com
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Factory slumps in US and China heighten global economy fears
WASHINGTON (AP) — Fears escalated Monday that the global economy could struggle more than expected this year — a prospect that contributed to a plunge in financial markets.
The anxiety was heightened by reports that manufacturers extended their slumps last month in the United States and China, the world’s two largest economies. Factory activity contracted for a second straight month in the United States and for a 10th straight month in China.
Chinese stocks fell 7 per cent before trading was halted. The Dow Jones industrial average ended down 1.6 per cent, its biggest loss in two weeks. Markets in Asia and Europe were down more.
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US sues VW over emissions-cheating software in diesel cars
WASHINGTON (AP) — The Justice Department sued Volkswagen on Monday over emissions-cheating software found in nearly 600,000 vehicles sold in the United States, potentially exposing the company to billions in fines for clean air violations…
Factory slumps in US and China heighten global economy fears
WASHINGTON (AP) — Fears escalated Monday that the global economy could struggle more than expected this year — a prospect that contributed to a plunge in financial markets.
The anxiety was heightened by reports that manufacturers extended their slumps last month in the United States and China, the world’s two largest economies. Factory activity contracted for a second straight month in the United States and for a 10th straight month in China.
Chinese stocks fell 7 per cent before trading was halted. The Dow Jones industrial average ended down 1.6 per cent, its biggest loss in two weeks. Markets in Asia and Europe were down more.
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US sues VW over emissions-cheating software in diesel cars
WASHINGTON (AP) — The Justice Department sued Volkswagen on Monday over emissions-cheating software found in nearly 600,000 vehicles sold in the United States, potentially exposing the company to billions in fines for clean air violations…
CBC.caDow Jones and TSX slump after China halts trading due to huge diveCBC.caStock markets in Toronto and New York were sharply lower today after Chinese stocks plunged by more than seven per cent, triggering an automatic shutdown of trading in China. The Dow Jones industrial average closed down about two per cent or 276 …Markets sharply lower to start 2016; bad news out of China sparks sell-offCTV NewsThe close: China sell-off sparks gloomy 2016 start for TSX, DowThe Globe and MailGlobal Stocks Sink on China, U.S. Growth ConcernsBloombergWall Street Journal -Miami Herald -WKBW-TVall 1,786 news articles »
