Coupon website seeks bankruptcy protection: Roseman + MORE Sep 19th

The Toronto stock market was lower, despite a rise across most global markets following Scotland’s historic decision to remain part of the United Kingdom.

▲ Canada Pension Plan Investment Board
Thank you, Mr. Ma

We know nothing gets you more excited than talking about pensions, but there’s a reason to praise the Canada Pension Plan Investment Board right now. Thanks to its foresight, we could all be a little richer. The CPP recently disclosed that it’s sunk about $160 million into Chinese e-commerce company Alibaba over the past few years, which started trading on the New York Stock Exchange today. It’s not clear exactly how much that stake is worth right now—but rest assured it’s worth much, much more. And because we’re all CPP members, we could benefit down the road, too. The CPP hasn’t said yet what it plans to do with its stake, or if it wants to buy more Alibaba shares in the near future. Alibaba is already gigantic, and it’s virtually assured to keep booming. The company is valued at US$168 billion and its IPO was the largest ever in the United States. Analysts are bullish on its prospects. One hiccup is that, despite actions taken by Alibaba itself, vendors on its various online shopping platforms might still be peddling counterfeit goods, sullying the company’s reputation…

Teambuy bought Dealfind a year ago to become one of Canada’s largest coupon sites. Now in financial trouble, it’s making clients’ credits vanish.

NEW YORK, N.Y. – Moody’s Investors Services maintained its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.
Moody’s affirmed an ‘Aa1′ rating, its second-highest rating, and a stable outlook on U.K. government bonds. The firm added that it has a stable outlook on the bonds, which means it doesn’t believe downgrades are likely in the next year to 18 months, and it said the U.K. has “very high” economic strength.
“While the political process going forward will likely lead to further devolution of powers to Scotland and some changes in the fiscal transfers, the rating agency does not anticipate that these will have a material impact on the quality of the U.K.’s institutions, or its financial strength,” said Moody’s analyst Sarah Carlson.
The firm said in May that if Scotland chose to become independent, the U.K.’s credit profile would not have changed very much and it probably would not have lowered its rating…

Vancouver SunMetals, gold, materials drop TSX 200 pointsTheChronicleHerald.caTORONTO — The Toronto stock market pulled back sharply in heavy trading Friday, weighed down by metals and mining, gold and financials stocks. The S&P/TSX composite index dropped 200.19 points to close at 15,265.35 on volume of 694 million shares.TSX falls most in months on broad weaknessReuters CanadaCanadian stock market plunges on weakness in resource sharesShanghai Daily (subscription)The close: TSX down sharply as metals, miners plungeThe Globe and MailCastanet.netall 85 news articles »