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Lawyer: 15-year dispute with Argentina near $5B settlement + MORE Feb 25th
NEW YORK, N.Y. – A lawyer for large U.S. hedge funds owning Argentine bonds said Wednesday that his clients have nearly settled on a $5 billion deal with Argentina to end a 15-year-old dispute that has interfered with the South American nation’s efforts to end a debt crisis and gain a he.... More »
Mass return of refugees from EU to Turkey could be illegal: UN agency - The Globe and Mail + MORE Mar 8th
The Globe and MailMass return of refugees from EU to Turkey could be illegal: UN agencyThe Globe and MailThe United Nations and human rights groups warned on Tuesday that a tentative European Union deal to send back all irregular migrants to Turkey in exchange for political and financial rewards cou.... More »
The humiliation, and comeback, of Michael Cooper + MORE Mar 9th
Knocked down by the Alberta slump, a real estate star rebuilds, slowly
.... More »
Making Sense of the Markets this week: June 26 + MORE Jun 24th
It was the week of April 3, 2022, when I signed off from writing the “Making sense of the markets” column. It is wonderful to be back filling in for Kyle Prevost (he’s on vacation), who took over the column. Kyle’s insights and writing give the column a nice jolt. I am so glad to see it in g.... More »
Prince Harry to speak at a Toronto real estate conference next month Nov 20th
The Duke of Sussex is slated to appear for an 'exclusive conversation' at the Ontario Real Estate Association's Power House Conference on Dec. 1..... More »
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products
– canadianbusiness.com
SAN FRANCISCO – Apple’s latest quarterly earnings fell 9 per cent as more people bought the company’s lower-priced iPhones and iPads.
The company’s fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.
The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif. company’s profit margin and depressed its stock price.
This marks the third consecutive quarter that Apple’s earnings have dropped from the previous year.
Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.
Revenue rose 4 per cent to $37.5 billion.
The post Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products appeared first on Canadian Business.
The company’s fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.
The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif. company’s profit margin and depressed its stock price.
This marks the third consecutive quarter that Apple’s earnings have dropped from the previous year.
Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.
Revenue rose 4 per cent to $37.5 billion.
The post Apple’s earnings decline for 3rd straight quarter as more people buy lower-priced products appeared first on Canadian Business.
Throne speech led to uncertainty, confusion in telecom, says industry head
– canadianbusiness.com
TORONTO – Ottawa’s recent promise to provide Canadians and telecoms with more certainty about their wireless bills has actually raised more questions for the entire industry, says the head of an industry group.
Bernard Lord, president and CEO of the Canadian Wireless Telecommunications Association, says the Conservative government’s throne speech earlier this month has led to more confusion.
“When the government talks about domestic roaming in the speech from the throne, I’m not sure what exactly that is,” he said during a speech at the Toronto Board of Trade.
“I’m not sure they know what that is.”
Lord also took issue with Ottawa’s decision during the past year to ease the rules on foreign investment for wireless companies with less than 10 per cent of the marketplace, paving the way for the entry of foreign companies.
“If the government feels they’re better off interfering or mingling in the marketplace, that could have a negative impact,” he said…
Bernard Lord, president and CEO of the Canadian Wireless Telecommunications Association, says the Conservative government’s throne speech earlier this month has led to more confusion.
“When the government talks about domestic roaming in the speech from the throne, I’m not sure what exactly that is,” he said during a speech at the Toronto Board of Trade.
“I’m not sure they know what that is.”
Lord also took issue with Ottawa’s decision during the past year to ease the rules on foreign investment for wireless companies with less than 10 per cent of the marketplace, paving the way for the entry of foreign companies.
“If the government feels they’re better off interfering or mingling in the marketplace, that could have a negative impact,” he said…
Volta Resources Inc.’s stock nearly doubled in value in heavy trading Monday after Vancouver-based B2Gold Corp. agreed to acquire the company in an all-stock deal worth an estimated $63 million US.
Crocs, CF Industries, Bristol-Myers and Ruby Tuesday are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Bristol-Myers Squibb Co., up $3.25 to $52.02
Morgan Stanley upgrades the pharmaceutical, saying its Nivolumab treatment could rival the most widely used cancer drugs.
CF Industries Holdings Inc., up $8.74 to $218.36
Rival fertilizer company Mosaic will spend $1.4 billion to acquire its phosphate business and signed new supply agreements.
Fusion-io Inc., up $1.55 to $11.09
CEO Shane Robison bought more than 105,000 shares in the flash storage drive maker after the stock tumbled sharply last week.
Ruby Tuesday Inc., down 37 cents to $5.60
Director Matthew Drapkin resigned from the board and sold all of his stock in the restaurant chain, which had a terrible quarter.
Roper Industries Inc., down $8.78 to $124.26
The industrial technology company fell short of Wall Street expectations for its third quarter and lowered its outlook.
Nasdaq
Synta Pharmaceuticals Corp…
NYSE
Bristol-Myers Squibb Co., up $3.25 to $52.02
Morgan Stanley upgrades the pharmaceutical, saying its Nivolumab treatment could rival the most widely used cancer drugs.
CF Industries Holdings Inc., up $8.74 to $218.36
Rival fertilizer company Mosaic will spend $1.4 billion to acquire its phosphate business and signed new supply agreements.
Fusion-io Inc., up $1.55 to $11.09
CEO Shane Robison bought more than 105,000 shares in the flash storage drive maker after the stock tumbled sharply last week.
Ruby Tuesday Inc., down 37 cents to $5.60
Director Matthew Drapkin resigned from the board and sold all of his stock in the restaurant chain, which had a terrible quarter.
Roper Industries Inc., down $8.78 to $124.26
The industrial technology company fell short of Wall Street expectations for its third quarter and lowered its outlook.
Nasdaq
Synta Pharmaceuticals Corp…
