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Probe reveals Penn West Petroleum stock option manipulation + MORE May 8th
Penn West’s special committee determined the company backdated options between June, 2005, and August, 2006 – its first year as an income trust
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Initial public offerings scheduled to debut next week + MORE Apr 17th
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of April 20:
Apigee Corp. – San Jose, Calif., 5.1 million shares, priced $16 to $18, managed by Morgan Stanley, J.P.... More »
When luring foreign investment, don’t forget the human factor + MORE Feb 24th
International businesses considering Canada as a destination need help to find top talent, advance research, and establish ties with local SMEs
.... More »
Compare the best GIC rates in Canada 2023 Jun 3rd
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The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Disney to Invest $1 Billion in OpenAI and License Characters for Use in ChatGPT, Sora - The Wall Street Journal Dec 11th
Disney to Invest $1 Billion in OpenAI and License Characters for Use in ChatGPT, Sora The Wall Street JournalThe Walt Disney Company and OpenAI reach landmark agreement to bring beloved characters from across Disney’s brands to Sora OpenAIDisney wants you to AI-generate yours.... More »
PepsiCo CEO Indra Nooyi gets 2013 pay bumped 5 per cent to $13.2 million
– canadianbusiness.com
NEW YORK, N.Y. – PepsiCo CEO Indra Nooyi got a pay package worth $13.2 million last year, representing a 5 per cent increase from the previous year.
The pay bump was the result of a higher performance-based bonus, reflecting the company’s improved financial results after coming out of a “transitional year” in which it slashed costs and stepped up investments in flagship brands.
In addition to its namesake soda, PepsiCo makes Gatorade, Mountain Dew, Quaker oats and Frito-Lay snacks such as Doritos and Cheetos.
PepsiCo Inc., based in Purchase, N.Y., had been under pressure to improve its results when Nooyi announced a “reset” in 2012 to strengthen its brands. The company made a point of investing more heavily in marketing for its Pepsi soda, which had lost market share to Coca-Cola Co. over the years.
Even as it worked to deliver stronger results in 2013, however, the company was working to beat back calls from Trian Fund Management’s Nelson Peltz to spin off its underperforming beverage unit…
The pay bump was the result of a higher performance-based bonus, reflecting the company’s improved financial results after coming out of a “transitional year” in which it slashed costs and stepped up investments in flagship brands.
In addition to its namesake soda, PepsiCo makes Gatorade, Mountain Dew, Quaker oats and Frito-Lay snacks such as Doritos and Cheetos.
PepsiCo Inc., based in Purchase, N.Y., had been under pressure to improve its results when Nooyi announced a “reset” in 2012 to strengthen its brands. The company made a point of investing more heavily in marketing for its Pepsi soda, which had lost market share to Coca-Cola Co. over the years.
Even as it worked to deliver stronger results in 2013, however, the company was working to beat back calls from Trian Fund Management’s Nelson Peltz to spin off its underperforming beverage unit…
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Growth appeal draws CPPIB into insurance sector
– theglobeandmail.com
Canada Pension Plan Investment Board enters U.S. life insurance sector with purchase of Wilton Re Holdings
CPPIB to Buy U.S. Insurer for $1.8 Billion
– blogs.wsj.com
Canada Pension Plan Investment Board said Friday it has agreed to purchase U.S. life insurer Wilton Re Holdings Ltd. for $1.8 billion.
Russia mocks sanctions, yet questions remain about whether more economic penalties are to come
– canadianbusiness.com
WASHINGTON – U.S. sanctions against a Russian bank and the Kremlin’s inner circle have pinched Moscow, but if the goal is to get President Vladimir Putin to roll his forces out of Crimea or prevent him from doing any more land grabs, their effectiveness remains in doubt.
Putin has mocked the punitive steps President Barack Obama has taken so far in their post-Cold War game of chess — or chicken.
He made jokes of Obama’s decision this week to freeze the assets of businessmen with close ties to Putin as well as Bank Rossiya, which provides them support. Putin quickly retaliated by slapping travel restrictions on nine U.S. officials and lawmakers, including Sen. John McCain, who quipped: “I guess this means my spring break in Siberia is off.”
More serious repercussions loom if the standoff heats up.
For now, Putin says there is no need for further Russian retaliation, yet his Foreign Ministry vowed that Moscow would “respond harshly.”
Putin claims to have no plans for further incursions into Ukraine or elsewhere in the neighbourhood…
Putin has mocked the punitive steps President Barack Obama has taken so far in their post-Cold War game of chess — or chicken.
He made jokes of Obama’s decision this week to freeze the assets of businessmen with close ties to Putin as well as Bank Rossiya, which provides them support. Putin quickly retaliated by slapping travel restrictions on nine U.S. officials and lawmakers, including Sen. John McCain, who quipped: “I guess this means my spring break in Siberia is off.”
More serious repercussions loom if the standoff heats up.
For now, Putin says there is no need for further Russian retaliation, yet his Foreign Ministry vowed that Moscow would “respond harshly.”
Putin claims to have no plans for further incursions into Ukraine or elsewhere in the neighbourhood…


