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The best and worst performers in a 'breakout year' for Canadian IPOs + MORE Jan 2nd
Investors who bought into biggest Canadian stock issues were just as likely to miss as hit
.... More »
Tech and mining companies top this year’s TSX Venture 50 list + MORE Feb 20th
Technology and mining companies topped this year’s TSX Venture 50 list amid the ongoing push for a piece of the energy transition, the latest edition of the ranking shows.
“The broader diversity of the venture market continues,” said Tim Babcock, president of the TSX Venture Exchange, in .... More »
Ferrari, separated from Fiat Chrysler, makes Milan stock market debut, following NY listing + MORE Jan 4th
MILAN – Sports carmaker Ferrari is following up its successful Wall Street listing with a stock market launch in Milan, as it begins a new era as a stand-alone company free of the mass-market associations of its former parent, Fiat Chrysler.
The company famed for its Formula 1 racing machines .... More »
Character clash: Vancouver's next big real estate debate + MORE Nov 19th
As Vancouver embarks on a process that could lead to the preservation of more older homes in the city, Siobhan Murphy says the story of her Commercial Drive bungalow is a warning about taking the notion of character too far..... More »
Janet Gray advice-only Financial Planner + MORE Mar 20th
Meet Janet Gray
Janet Gray is an advice-only Certified Financial Planner, speaker and educator with over 20 years of experience. She’s been featured in countless Canadian news publications as a financial expert, and she even won “Financial Services Person of the Year” twice. Janet specializ.... More »
Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp
– canadianbusiness.com
NEW YORK, N.Y. – Angie’s List says that its board has rejected a $512 million takeover deal from Internet company IAC/InterActiveCorp.
Shares of Angie’s List fell sharply before the stock market opened Tuesday.
The home services review site said last week’s deal “dramatically undervalues” the company. IAC offered $8.75 for each share of Angie’s List, which was a 10 per cent premium on the stock at the time.
Angie’s List said it has a plan to grow its profit and said a deal with IAC will not benefit shareholders.
IAC did not immediately respond to a request for comment. The New York company owns several websites, including About.com and HomeAdvisor.com.
Angie’s List Inc., based in Indianapolis, lets users research, shop for and rate plumbers, cleaners and other home services.
Its shares fell 7 per cent to $9.15 in premarket trading Tuesday.
The post Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp appeared first on Canadian Business – Your Source For Business News.
Shares of Angie’s List fell sharply before the stock market opened Tuesday.
The home services review site said last week’s deal “dramatically undervalues” the company. IAC offered $8.75 for each share of Angie’s List, which was a 10 per cent premium on the stock at the time.
Angie’s List said it has a plan to grow its profit and said a deal with IAC will not benefit shareholders.
IAC did not immediately respond to a request for comment. The New York company owns several websites, including About.com and HomeAdvisor.com.
Angie’s List Inc., based in Indianapolis, lets users research, shop for and rate plumbers, cleaners and other home services.
Its shares fell 7 per cent to $9.15 in premarket trading Tuesday.
The post Board of Angie’s List rejects $512 million takeover deal from IAC/InterActiveCorp appeared first on Canadian Business – Your Source For Business News.
The Power 50: Canada’s Most Powerful Business People 2016
– canadianbusiness.com
Each year, Canadian Business compiles a list of the executives, entrepreneurs, politicos, and thinkers who are changing the way Canada does business. Click or tap any name on the list to read more about where they got their influence and why they matter now.
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td.p50-why a { font-weight: bold; }
RankNameTitleOrganizationWhy they matter
1Rachel NotleyPremierProvince of AlbertaHas all of Canada waiting for answers MORE »
2Mark WisemanPresident & CEOCanada Pension Plan Investment BoardEnsures you can retire MORE »
3John RuffoloCEOOMERS VenturesBankrolls Canada’s tech resurgence MORE »
4Justin TrudeauPrime MinisterCanadaSets the country’s priorities MORE »
5Mike LazaridisFounderQuantum Valley InvestmentsBuilding the next Silicon Valley in Waterloo, Ont. MORE »
6Steve WilliamsPresident & CEOSuncor Energy Inc.Doesn’t let depressed oil prices slow him down MORE »
7Prem WatsaChairman & CEOFairfax Financial Holdings Ltd…
Before the Bell: U.S., Canadian stock rally set to continue
– theglobeandmail.com
A look ahead to the trading day for Canadian investors
Wal-Mart Stores tops 3Q net income expectations as a key sales figure rises
– canadianbusiness.com
NEW YORK, N.Y. – Walmart reported improved customer traffic and an uptick in a key sales figure as it topped earnings expectations in the third quarter, even as a stronger dollar pressured its performance overseas.
The world’s largest retailer also forecast a fourth-quarter earnings range that largely exceeds analyst expectations and narrowed its full-year outlook after cutting it in August.
Its shares edged up more than 2 per cent in premarket trading Tuesday.
Wal-Mart’s net income fell 11 per cent to $3.3 billion in the quarter ended Oct. 31, but its earnings per share of $1.03 per share topped Wall Street expectations.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
Revenue slipped to $117.42 billion from $119 billion. On a constant currency basis, revenue totalled $122.4 billion. Nine analysts surveyed by Zacks expected $117.82 billion.
The retailer has been pressured on a number of fronts so far this year…
The world’s largest retailer also forecast a fourth-quarter earnings range that largely exceeds analyst expectations and narrowed its full-year outlook after cutting it in August.
Its shares edged up more than 2 per cent in premarket trading Tuesday.
Wal-Mart’s net income fell 11 per cent to $3.3 billion in the quarter ended Oct. 31, but its earnings per share of $1.03 per share topped Wall Street expectations.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
Revenue slipped to $117.42 billion from $119 billion. On a constant currency basis, revenue totalled $122.4 billion. Nine analysts surveyed by Zacks expected $117.82 billion.
The retailer has been pressured on a number of fronts so far this year…
Pandora says it is acquiring technology and intellectual property from Rdio and will add new features to its Internet music streaming service by late next year.
