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Zooming out on the global economy + MORE Apr 13th
This week is all about the big picture.
In a world where economic policy is diverging widely, amidst a mixed bag of slowing growth, volatile oil prices and political instability (and don’t forget the Greek bailout talks!), you could safely ask if there’s a week that’s all about the.... More »
Feds seek input on shifting some mortgage default risk from taxpayers to banks - CanadianBusiness.com + MORE Oct 21st
The Globe and MailFeds seek input on shifting some mortgage default risk from taxpayers to banksCanadianBusiness.comOTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the sho.... More »
Buffett’s Berkshire Hathaway reveals stake in Charter Communications, tweaks several holdings + MORE Aug 14th
OMAHA, Neb. – Billionaire Warren Buffett’s company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio.
Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.... More »
Vatican bank: now ‘impossible’ to launder money here + MORE May 12th
VATICAN CITY – The head of the Vatican’s scandal-marred bank declared Thursday it’s now “impossible to launder money” there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion.
Jean-Baptiste Douville de Franssu made the claim as t.... More »
After years of faltering, stock pickers see signs of hope + MORE Feb 9th
They’re some of the most-shunned people in investing, and if there were ever a time for them to make a last stand, it’s now.
After watching hundreds of billions of dollars head out the door, stock-picking managers of mutual funds say conditions are starting to turn in their favour, and t.... More »
McDonald’s raises quarterly dividend by 5 per cent to 81 cents; payout totals over $800 million
– canadianbusiness.com
OAK BROOK, Ill. – McDonald’s is raising its quarterly cash dividend by 5 per cent, bringing its fourth-quarter payout to more than $800 million.
The world’s largest hamburger chain says its quarterly dividend increases to 81 cents from 77 cents, for an annual total of $3.24 per share. It will make the next payout on Dec. 16 to shareholders of record at Dec. 2. McDonald’s Corp. expects to return between $4.5 billion and $5 billion to its shareholders through dividends and stock repurchases in 2013.
McDonald’s has raised its dividend every year since making its first payout in 1976. In July, the Oakbrook, Ill., company reported a 4 per cent rise in second-quarter profit but missed expectations and warned of a tough year ahead, given heightened competition and rough economic conditions around the world.
The post McDonald’s raises quarterly dividend by 5 per cent to 81 cents; payout totals over $800 million appeared first on Canadian Business.
The world’s largest hamburger chain says its quarterly dividend increases to 81 cents from 77 cents, for an annual total of $3.24 per share. It will make the next payout on Dec. 16 to shareholders of record at Dec. 2. McDonald’s Corp. expects to return between $4.5 billion and $5 billion to its shareholders through dividends and stock repurchases in 2013.
McDonald’s has raised its dividend every year since making its first payout in 1976. In July, the Oakbrook, Ill., company reported a 4 per cent rise in second-quarter profit but missed expectations and warned of a tough year ahead, given heightened competition and rough economic conditions around the world.
The post McDonald’s raises quarterly dividend by 5 per cent to 81 cents; payout totals over $800 million appeared first on Canadian Business.
China's CNOOC begins trading on TSX
– cbc.ca
The Chinese state-controlled company that acquired Calgary-based Nexen in a landmark $15.1-billion takeover, China National Offshore Oil Co. Ltd. (CNOOC), began trading on Canada’s largest stock market today.
Man pleads guilty in $5M investment scam; sentenced to 2 years in prison
– canadianbusiness.com
TORONTO – A man has been sentenced to two years in prison for a nearly $5-million investment scam, the Ontario Securities Commission said Wednesday.
Terrence Bedford pleaded guilty to one count of fraud under the Securities Act in Ontario court.
The OSC said Bedford admitted to misleading roughly 24 Canadian and American investors between 2000 and 2011 into believing that a fund he ran called Greyhawk Equity Partners Limited Partnership was highly profitable.
The regulator said he created fake documents for investors that hid the true value of the fund and the actual investment losses.
“This case demonstrates that the OSC continues to aggressively pursue people who commit securities fraud in Ontario’s capital market,” said Tom Atkinson, the OSC’s director of enforcement.
“It is important that the appropriate sentences are imposed for serious financial crime to deter like-minded individuals.”
The post Man pleads guilty in $5M investment scam; sentenced to 2 years in prison appeared first on Canadian Business.
Terrence Bedford pleaded guilty to one count of fraud under the Securities Act in Ontario court.
The OSC said Bedford admitted to misleading roughly 24 Canadian and American investors between 2000 and 2011 into believing that a fund he ran called Greyhawk Equity Partners Limited Partnership was highly profitable.
The regulator said he created fake documents for investors that hid the true value of the fund and the actual investment losses.
“This case demonstrates that the OSC continues to aggressively pursue people who commit securities fraud in Ontario’s capital market,” said Tom Atkinson, the OSC’s director of enforcement.
“It is important that the appropriate sentences are imposed for serious financial crime to deter like-minded individuals.”
The post Man pleads guilty in $5M investment scam; sentenced to 2 years in prison appeared first on Canadian Business.
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Treasury blacklists 2 Indonesians with alleged links to Islamic militancy
– canadianbusiness.com
WASHINGTON – The U.S. Treasury has blacklisted two Indonesians for their alleged links to Islamic militant groups.
Treasury said Wednesday that 51-year-old Said Ahmad Sungkar raised funds for Jemmah Anshorut Tauhid, or JAT, which attacked Indonesian government personnel and civilians, and previously served as media chief for Jemaah Islamiyah, a Southeast Asia-based terrorist network with links to al-Qaida.
Also blacklisted is 58-year-old Afif Abdul Majid, described as a senior JAT leader who has overseen the recruitment and training of terrorists in Indonesia.
The Treasury action freezes any assets Sungkar and Majid may have in the U.S. and bars Americans from transactions with them.
Indonesia, the world’s most populous Muslim-majority nation, has been battling Islamic militants since the 2002 bombings in Bali by Jemaah Islamiyah which killed 202 people, mostly foreign tourists.
The post Treasury blacklists 2 Indonesians with alleged links to Islamic militancy appeared first on Canadian Business.
Treasury said Wednesday that 51-year-old Said Ahmad Sungkar raised funds for Jemmah Anshorut Tauhid, or JAT, which attacked Indonesian government personnel and civilians, and previously served as media chief for Jemaah Islamiyah, a Southeast Asia-based terrorist network with links to al-Qaida.
Also blacklisted is 58-year-old Afif Abdul Majid, described as a senior JAT leader who has overseen the recruitment and training of terrorists in Indonesia.
The Treasury action freezes any assets Sungkar and Majid may have in the U.S. and bars Americans from transactions with them.
Indonesia, the world’s most populous Muslim-majority nation, has been battling Islamic militants since the 2002 bombings in Bali by Jemaah Islamiyah which killed 202 people, mostly foreign tourists.
The post Treasury blacklists 2 Indonesians with alleged links to Islamic militancy appeared first on Canadian Business.
