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Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
What Trump’s troubles mean for the stock market + MORE May 20th
(Reuters/Andrew Kelly)
Donald Trump likes to say he moves markets. The past week provided concrete proof of that claim: The Donald acted, and markets fell.
Since the election, markets have largely tuned out the negative headlines about Trump and his administration. Markets generally viewed the goin.... More »
Ex Amaya CEO asks court to order the release of details in insider trading case + MORE Dec 14th
MONTREAL _ Former Amaya CEO David Baazov’s lawyer says the Quebec securities regulator’s disclosure of more than one million documents isn’t helping to defend against insider trading charges.
Sophie Melchers told a Quebec Court judge on Tuesday that although l’Autorite des ma.... More »
Your RRSP and TFSA are your best allies in building financial security Aug 16th
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writes.... More »
Here’s the latest as the U.S. imposes tariffs on goods from Canada and Mexico Mar 4th
President Donald Trump today imposed tariffs on imports from Canada and Mexico.
The president’s executive order hitting Canada and Mexico with 25% across-the-board tariffs, with a lower 10% levy on Canadian energy, took effect at 12:01 a.m. ET.
At a news conference in Ottawa, Prime Minister .... More »
AlarmForce names new president, CEO; Anthony Pizzonia will start Sept. 30
– canadianbusiness.com
TORONTO – AlarmForce Industries Inc. (TSX:AF) has appointed a new president and chief executive to head the home and commercial security company.
Anthony Pizzonia will assume the new role on Sept. 30.
Pizzonia, a long-time employee, has been acting as interim president and CEO for more than a year. Before that, he had been the company’s chief financial officer since 1995 and has also been a board member since 2004.
Pizzonia fills the vacancy left by AlarmForce’s high-profile CEO, Joel Matlin, who was ousted from the company in July 2013.
At the time, Matlin, who had been at the company’s helm since its inception in 1988, claimed that he was dismissed without cause or notice, which goes against the terms of his contract. He was let go following a nearly year-long strategic review by the company, which included its possible sale but ended without a deal. Analysts speculated at the time the dismissal was likely related to the company’s failure to find a buyer…
Anthony Pizzonia will assume the new role on Sept. 30.
Pizzonia, a long-time employee, has been acting as interim president and CEO for more than a year. Before that, he had been the company’s chief financial officer since 1995 and has also been a board member since 2004.
Pizzonia fills the vacancy left by AlarmForce’s high-profile CEO, Joel Matlin, who was ousted from the company in July 2013.
At the time, Matlin, who had been at the company’s helm since its inception in 1988, claimed that he was dismissed without cause or notice, which goes against the terms of his contract. He was let go following a nearly year-long strategic review by the company, which included its possible sale but ended without a deal. Analysts speculated at the time the dismissal was likely related to the company’s failure to find a buyer…
How the Dow Jones industrial average and other major indexes fared on Tuesday
– canadianbusiness.com
A suddenly stormy month on the stock market came to a quiet end on Tuesday. Major indexes drifted to a slight loss, leaving the Standard & Poor’s 500 down 1.6 per cent for September, its third monthly drop this year.
The Dow Jones industrial average lost 28.32 points, or 0.2 per cent, to 17,042.90.
The Standard & Poor’s 500 index lost 5.51 points, or 0.3 per cent, to 1,972.29.
The Nasdaq composite slipped 12.46 points, or 0.3 per cent, to 4,493.39.
For the week:
The Dow is down 70.25, or 0.4 per cent.
The S&P 500 is down 10.56, or 0.5 per cent.
The Nasdaq is down 18.80, or 0.4 per cent.
For the year:
The Dow is up 466.24 points, or 2.8 per cent.
The S&P 500 index is up 123.93 points, or 6.7 per cent.
The Nasdaq is up 316.80 points, or 7.6 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Tuesday appeared first on Canadian Business.
The Dow Jones industrial average lost 28.32 points, or 0.2 per cent, to 17,042.90.
The Standard & Poor’s 500 index lost 5.51 points, or 0.3 per cent, to 1,972.29.
The Nasdaq composite slipped 12.46 points, or 0.3 per cent, to 4,493.39.
For the week:
The Dow is down 70.25, or 0.4 per cent.
The S&P 500 is down 10.56, or 0.5 per cent.
The Nasdaq is down 18.80, or 0.4 per cent.
For the year:
The Dow is up 466.24 points, or 2.8 per cent.
The S&P 500 index is up 123.93 points, or 6.7 per cent.
The Nasdaq is up 316.80 points, or 7.6 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Tuesday appeared first on Canadian Business.
Business Highlights
– canadianbusiness.com
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School spending by affluent is widening wealth gap
WASHINGTON (AP) — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they’ll count the ways:
Preschool can lift children from poverty. Top high schools prepare students for college. A college degree boosts pay over a lifetime. And the U.S. economy would grow faster if more people stayed in school longer.
Plenty of data back them up. But the data also show something else:
Wealthier parents have been stepping up education spending so aggressively that they’re widening the nation’s wealth gap. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 per cent of earners — with incomes averaging $253,146 — went in a different direction: They doubled down on their kids’ futures.
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Who is the man replacing the ‘Bond King’?
NEW YORK (AP) — With Bill Gross’ surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm…
School spending by affluent is widening wealth gap
WASHINGTON (AP) — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they’ll count the ways:
Preschool can lift children from poverty. Top high schools prepare students for college. A college degree boosts pay over a lifetime. And the U.S. economy would grow faster if more people stayed in school longer.
Plenty of data back them up. But the data also show something else:
Wealthier parents have been stepping up education spending so aggressively that they’re widening the nation’s wealth gap. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 per cent of earners — with incomes averaging $253,146 — went in a different direction: They doubled down on their kids’ futures.
___
Who is the man replacing the ‘Bond King’?
NEW YORK (AP) — With Bill Gross’ surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
