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US jury finds Hyundai responsible for crash that killed 3, orders $240M in punitive damages + MORE May 14th
POLSON, Mont. – A jury has ordered Hyundai to pay $240 million in punitive damages after finding that a manufacturing defect in a Hyundai vehicle caused a crash that killed two cousins in July 2011.
Lake County jurors late Tuesday awarded actual damages of $1 million to each parent and $500,00.... More »
Business Highlights + MORE Mar 14th
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Target says it ignored early signs of data breach
NEW YORK (AP) — Target Corp. said in its annual report that a massive security breach has hurt its image and business, while spawning dozens of legal actions, and it noted that it can’t estimate how big the financial tab will end up being.... More »
3.5 year - 2.10% + MORE Apr 9th
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online..... More »
What’s my RRSP contribution limit? + MORE Jan 31st
Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator.
RRSP contribution rules highlights
Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had du.... More »
Global Investors Blindsided by China - Bloomberg Markets and Finance Jul 28th
Global Investors Blindsided by China Bloomberg Markets and FinanceChina stocks see biggest slump in US since 2008 financial crisis BBC NewsChinese stocks pare losses as state media try to stem panic Al Jazeera EnglishBeijing's Big Tech Crackdown Means a Bad Summer fo.... More »
Home Depot’s second-quarter net income jumped 18 per cent, helped by an improving housing market and good response to holiday events.
Home
– macleans.ca
Home is where the bills are
Canadians are obsessed with real estate, particularly in…
Canadians are obsessed with real estate, particularly in…
FBI says 63-year-old Canadian Gregory Curry — the last member of a group being sought by authorities in connection with a $140 million penny stock fraud — was arrested Tuesday morning in Bangkok and will face extradition to the U.S.
Asian stock markets choppy as traders wait for the latest clues from the Federal Reserve
– canadianbusiness.com
BANGKOK – Asian stock markets were choppy Wednesday as traders waited for hints from the U.S central bank about when it might begin to reduce its massive stimulus effort.
Investors will be scrutinizing the minutes of the Federal Reserve’s July policy meeting when they are published later Wednesday. The bank currently buys $85 billion a month in government securities in order to help keep interest rates down and spur borrowing and investment. Improvement in the U.S. economy has raised expectations the Fed will begin reducing its monetary stimulus next month.
“It definitely will be a very choppy Asian session for the rest of the day,” said Stan Shamu of IG in Melbourne, Australia. “Everyone is looking for a bit more clarity from these minutes. Whether they provide it or not is still in question.”
Global markets have been shaky this week as traders, worried about a pullback in bond purchases, began dumping bonds. That sent prices lower and yields sharply higher…
Investors will be scrutinizing the minutes of the Federal Reserve’s July policy meeting when they are published later Wednesday. The bank currently buys $85 billion a month in government securities in order to help keep interest rates down and spur borrowing and investment. Improvement in the U.S. economy has raised expectations the Fed will begin reducing its monetary stimulus next month.
“It definitely will be a very choppy Asian session for the rest of the day,” said Stan Shamu of IG in Melbourne, Australia. “Everyone is looking for a bit more clarity from these minutes. Whether they provide it or not is still in question.”
Global markets have been shaky this week as traders, worried about a pullback in bond purchases, began dumping bonds. That sent prices lower and yields sharply higher…
Denmark’s Carlsberg brewery sees Q2 earnings dip on slump in Western Europe sales
– canadianbusiness.com
COPENHAGEN – Denmark’s Carlsberg says problems in its core West European market weighed on its financial performance during the second-quarter of the year.
The brewer says operating profit for the three-month period fell 1 per cent 3.4 billion kroner ($617 million), on a modest 2 per cent revenue increase to 19.6 billion kroner. The company said Wednesday that a 6 per cent decline in second-quarter volume sales in Western Europe was offset by strong growth in Asia.
Western Europe is hugely important to the company. In the second quarter, sales from the region amounted to 10.8 billion kroner, or 55 per cent of the total.
Overall, Carlsberg’s adjusted net profit fell 1 per cent to 2.1 billion kroner compared to the same period last year.
The post Denmark’s Carlsberg brewery sees Q2 earnings dip on slump in Western Europe sales appeared first on Canadian Business.
The brewer says operating profit for the three-month period fell 1 per cent 3.4 billion kroner ($617 million), on a modest 2 per cent revenue increase to 19.6 billion kroner. The company said Wednesday that a 6 per cent decline in second-quarter volume sales in Western Europe was offset by strong growth in Asia.
Western Europe is hugely important to the company. In the second quarter, sales from the region amounted to 10.8 billion kroner, or 55 per cent of the total.
Overall, Carlsberg’s adjusted net profit fell 1 per cent to 2.1 billion kroner compared to the same period last year.
The post Denmark’s Carlsberg brewery sees Q2 earnings dip on slump in Western Europe sales appeared first on Canadian Business.
