TSX getting you down? There are always sound investment alternatives.
Latest News
At the open: TSX dips as financials, gold miners weigh + MORE Apr 10th
Wall St opens flat as earnings season approaches
.... More »
Tesla to significantly raise prices of all cars in Canada, website shows - Reuters Jan 23rd
Tesla to significantly raise prices of all cars in Canada, website shows ReutersTesla Just Raised Prices in One Key Market. What It Means for the Stock. Barron'sTesla Raises Prices Again, Steeper Hikes to Follow on Feb. 1 The Car GuideTesla EVs Are About To Get A Lot.... More »
Unique ideas for your last will and testament Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
First Republic stock craters 49% after the bank reveals customers pulled out $100 billion of deposits last quarter - Yahoo Canada Finance Apr 25th
First Republic stock craters 49% after the bank reveals customers pulled out $100 billion of deposits last quarter Yahoo Canada FinanceFirst Republic Bank faces tough options after deposit flight jolts investors The Globe and MailForexlive Americas FX news wrap: Banking woes sp.... More »
You can be a renter and still grow richer. Here’s how Apr 12th
The price of buying a home is daunting these days, but there are plenty of other ways for renters to build wealth, writes Lesley-Anne Scorgie..... More »
Former WestJet employee charged with fraud, theft in $250,000 travel credit scam
– canadianbusiness.com
CALGARY – Alberta’s organized and serious crimes unit says a former WestJet employee has been charged for allegedly fraudulently issuing over $250,000 worth of travel credits.
The Alberta Law Enforcement Response Teams said Friday that its Calgary Financial Crime branch charged Terance Gough, 43, with fraud and theft over $5,000 on Tuesday.
The response teams, known as ALERT, started a joint investigation with WestJet corporate security in July 2015 after the airline conducted an internal investigation.
ALERT alleges that Gough issued the WestJet travel credits between 2012 and 2015 and that they were bought and sold by a third party.
A WestJet spokesperson said no customers suffered financial loss as a result of the scheme and indicated the company does not believe any other employees were involved.
The spokesperson refused to comment further because the matter is before the courts.
The post Former WestJet employee charged with fraud, theft in $250,000 travel credit scam appeared first on Canadian Business – Your Source For Business News.
The Alberta Law Enforcement Response Teams said Friday that its Calgary Financial Crime branch charged Terance Gough, 43, with fraud and theft over $5,000 on Tuesday.
The response teams, known as ALERT, started a joint investigation with WestJet corporate security in July 2015 after the airline conducted an internal investigation.
ALERT alleges that Gough issued the WestJet travel credits between 2012 and 2015 and that they were bought and sold by a third party.
A WestJet spokesperson said no customers suffered financial loss as a result of the scheme and indicated the company does not believe any other employees were involved.
The spokesperson refused to comment further because the matter is before the courts.
The post Former WestJet employee charged with fraud, theft in $250,000 travel credit scam appeared first on Canadian Business – Your Source For Business News.
Microsoft and Alphabet tumble, Skechers and AMD climb
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Skechers USA Inc., up $1.93 to $32.73
The shoe company reported a bigger profit and greater sales than expected in the first quarter.
Norfolk Southern Corp., up $8.70 to $91.33
The railroad’s quarterly profit rose as it slashed costs, and its revenue fell a bit less than expected.
Boston Beer Co., down $13.90 to $159.41
The brewer cut its annual forecast and said sales competition is up and consumers are more interested in variety and innovation.
Hanesbrands Inc., up 37 cents to $28.55
The underwear, T-shirt and sock maker posted a bigger profit than investors expected.
Nasdaq
Advanced Micro Devices Inc., up $1.37 to $3.99
The chipmaker’s sales were stronger than analysts expected and it forecast solid results for the current quarter.
Alphabet Inc., down $42.23 to $737.77
The Google parents’ first-quarter results disappointed investors as the average price of its ads fell…
NYSE
Skechers USA Inc., up $1.93 to $32.73
The shoe company reported a bigger profit and greater sales than expected in the first quarter.
Norfolk Southern Corp., up $8.70 to $91.33
The railroad’s quarterly profit rose as it slashed costs, and its revenue fell a bit less than expected.
Boston Beer Co., down $13.90 to $159.41
The brewer cut its annual forecast and said sales competition is up and consumers are more interested in variety and innovation.
Hanesbrands Inc., up 37 cents to $28.55
The underwear, T-shirt and sock maker posted a bigger profit than investors expected.
Nasdaq
Advanced Micro Devices Inc., up $1.37 to $3.99
The chipmaker’s sales were stronger than analysts expected and it forecast solid results for the current quarter.
Alphabet Inc., down $42.23 to $737.77
The Google parents’ first-quarter results disappointed investors as the average price of its ads fell…
Why currency could have a bigger impact on your TSX stocks than you think
– theglobeandmail.com
When the loonie falls, it tends to aid cross-listed domestic stocks, but now a rising loonie is cooling returns
Antrim Energy posts loss of $169,000 in fourth quarter
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Antrim Energy Inc. (ATGYF) on Friday reported a loss of $169,000 in its fourth quarter.
The Calgary, Alberta-based company said it had a loss of less than 1 cent on a per-share basis.
For the year, the company reported net income of $1.8 million, or 1 cent per share, swinging to a profit in the period.
In the final minutes of trading on Friday, the company’s shares hit 1 cent. A year ago, they were trading at 3 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATGYF at http://www.zacks.com/ap/ATGYF
_____
Keywords: Antrim Energy, Earnings Report
The post Antrim Energy posts loss of $169,000 in fourth quarter appeared first on Canadian Business – Your Source For Business News.
The Calgary, Alberta-based company said it had a loss of less than 1 cent on a per-share basis.
For the year, the company reported net income of $1.8 million, or 1 cent per share, swinging to a profit in the period.
In the final minutes of trading on Friday, the company’s shares hit 1 cent. A year ago, they were trading at 3 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATGYF at http://www.zacks.com/ap/ATGYF
_____
Keywords: Antrim Energy, Earnings Report
The post Antrim Energy posts loss of $169,000 in fourth quarter appeared first on Canadian Business – Your Source For Business News.
Valeant gets additional notices of default over late filing of financials
– canadianbusiness.com
LAVAL, Que. – Valeant Pharmaceuticals International (TSX:VRX) says it has received more notices of default from debt holders, but is still on schedule to file its audited financial statement with U.S. regulators by April 29.
The troubled Quebec-based drug and health-care products company said Friday after markets closed that it had received notices of default from the trustee under indentures governing various notes due in 2020, 2021, and 2022.
“Under these bond indentures, the company has until June 21, 2016, 60 days from the receipt of the notices, to file its form 10-K, which will cure the default under the applicable indenture in all respects,” it said.
The company, which made a similar announcement involving other debt holders on April 12, added that the notices of default do not result in the acceleration of any of the company’s indebtedness.
Under the previous default notices, it had until June 11 to complete the filing.
Valeant had earlier warned of the possibility of receiving notice of default even after a majority of lenders had agreed earlier this month to give it until May 31 to complete the filing…
The troubled Quebec-based drug and health-care products company said Friday after markets closed that it had received notices of default from the trustee under indentures governing various notes due in 2020, 2021, and 2022.
“Under these bond indentures, the company has until June 21, 2016, 60 days from the receipt of the notices, to file its form 10-K, which will cure the default under the applicable indenture in all respects,” it said.
The company, which made a similar announcement involving other debt holders on April 12, added that the notices of default do not result in the acceleration of any of the company’s indebtedness.
Under the previous default notices, it had until June 11 to complete the filing.
Valeant had earlier warned of the possibility of receiving notice of default even after a majority of lenders had agreed earlier this month to give it until May 31 to complete the filing…
