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Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation - Yahoo Finance Apr 16th
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation Yahoo FinanceFed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBCFed's Jerome Powell suggests elevated inflation will likely delay interest rate cuts thi.... More »
Energy sector weighs on Canadian markets as oil drops below US$70 a barrel May 26th
Canada's main stock index continued to fall Friday as the price for oil moved below US$70 a barrel and further dragged down the important energy sector..... More »
Toronto and area home sales dip 39.5 per cent in March compared to year prior + MORE Apr 4th
TORONTO _ Canada’s largest real estate board said Greater Toronto Area home sales in March were down 39.5 per cent from a frenzied pace last year, as the market continued to feel the effects of cooling measures introduced at both the provincial and federal levels.
Both sales and price figures .... More »
Donald Trump’s tweets about rising stock prices plotted against the market decline + MORE Feb 10th
At one point on Friday Feb. 9, the Dow Jones Industrial Average fell to its lowest level since late November, before rebounding. Since January 26, the Dow has dropped close to 10 per cent, the first significant decline in stock prices since Donald Trump moved into the White House.
Before the downtur.... More »
BP to resume share buybacks as profit beats expectations + MORE Oct 31st
Third-quarter earnings hit $1.87-billion, doubling profit of $933-million a year earlier
.... More »
An interview with Vladimir Putin: An exercise in control
– macleans.ca
Russian President Vladimir Putin, left, meets with AFP’s Florence Biedermann, centre, and PA Chief Executive Clive Marshall at the St. Petersburg International Investment Forum in St.Petersburg, Russia, Friday, June 19, 2015. (AP Photo/Alexander Zemlianichenko)ST. PETERSBURG, Russia – When the heads of the world’s major news agencies sat down a year ago with Vladimir Putin at a St. Petersburg palace, they were treated to a long, sumptuous meal of Crimean flounder, a dish evidently chosen not only for its delicacy but for the political statement.
This year it was tea and caviar at the stroke of midnight in a wood-panelled library.
The Russian president had just completed a whirlwind of back-to-back meetings on the sidelines of his showcase economic forum, an event where he also delivered a marathon question-and-answer performance under the folksy moderation of CBS News journalist Charlie Rose.
He apologized for being hours late for the meeting with news agency heads.
If you talk to other world leaders or the Russian media, Putin is always late — a reflection perhaps of his punishing schedule as much as a demonstration of who is in charge…
Analysts warn BlackBerry’s first-quarter earnings will disappoint
– theglobeandmail.com
The first 18 months of BlackBerry’s transition plan to rely less on revenue from handsets and more on mobile enterprise software will be judged on Tuesday with the company’s first-quarter earnings. Analysts are already warning the company may offer little evidence of traction
Cigna rejects $47 billion takeover bid from rival health insurer Anthem
– canadianbusiness.com
SAN FRANCISCO – Health insurer Cigna has rejected a $47 billion offer to be acquired by its larger rival, Anthem, saying the terms of the bid are inadequate and “woefully skewed in favour of Anthem shareholders.”
Cigna’s sharply worded rejection came just one day after Anthem went public with its cash-and-stock offer, which amounts to about $184 for each Cigna share or about an 18 per cent premium on Cigna’s closing stock price on Friday.
The proposed deal would make Anthem an even bigger giant in an industry that many see as ripe for consolidation, as insurers struggle to cut costs in the face of new regulations and technological advances. Anthem has said the combined companies would have annual revenue of more than $115 billion and provide insurance for about 53 million people.
It’s unclear if the talks are dead. Cigna said Sunday that a deal with Anthem — “under the right circumstances” — would provide substantial benefits to consumers, doctors and investors in both companies…
Cigna’s sharply worded rejection came just one day after Anthem went public with its cash-and-stock offer, which amounts to about $184 for each Cigna share or about an 18 per cent premium on Cigna’s closing stock price on Friday.
The proposed deal would make Anthem an even bigger giant in an industry that many see as ripe for consolidation, as insurers struggle to cut costs in the face of new regulations and technological advances. Anthem has said the combined companies would have annual revenue of more than $115 billion and provide insurance for about 53 million people.
It’s unclear if the talks are dead. Cigna said Sunday that a deal with Anthem — “under the right circumstances” — would provide substantial benefits to consumers, doctors and investors in both companies…
