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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.
Eni profits more than double thanks to renegotiated long-term gas contracts
– canadianbusiness.com
MILAN – Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
Eni said Thursday that net profit was 658 million euros, up from 275 million euros in the same period last year.
CEO Claudio Descalzi said that “Eni reported a significant increase in cash flow” due to deals for oil price cuts with Gazprom and Statoil. That helped lower sales prices and offset weaker demand in Eni’s home Italian market.
Net sales dropped 2.7 per cent to 27 billion euros from 28 billion euros. Oil and gas production was 1.58 million barrels of oil equivalent a day, in line with a year earlier.
The post Eni profits more than double thanks to renegotiated long-term gas contracts appeared first on Canadian Business.
Eni said Thursday that net profit was 658 million euros, up from 275 million euros in the same period last year.
CEO Claudio Descalzi said that “Eni reported a significant increase in cash flow” due to deals for oil price cuts with Gazprom and Statoil. That helped lower sales prices and offset weaker demand in Eni’s home Italian market.
Net sales dropped 2.7 per cent to 27 billion euros from 28 billion euros. Oil and gas production was 1.58 million barrels of oil equivalent a day, in line with a year earlier.
The post Eni profits more than double thanks to renegotiated long-term gas contracts appeared first on Canadian Business.
90 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.
CIBC names Victor Dodig as new president and CEO, takes over on Sept. 15
– canadianbusiness.com
TORONTO – CIBC has named a senior executive with its wealth management group as the bank’s new president and CEO.
Victor Dodig will take over the helm at CIBC (TSX:CM) on Sept. 15, when current CEO Gerry McCaughey retires.
Dodig is currently the senior executive vice-president of the wealth management group.
CIBC says Dodig has experience with both wealth management and the retail banking, and has helped the bank grow over the past three years through acquisitions in the U.S.
He has a long history at the bank, where he started working as a customer service representative as a university student.
Dodig was formerly the managing director and chief executive in Canada for UBS Global Asset Management and has worked for Merrill Lynch and Company and McKinsey and Company.
“I feel privileged that the board has asked me to lead CIBC into the next phase of its growth and development,” Dodig said Thursday in a statement.
“CIBC has a strong foundation for long-term success, with a strong capital base, leading retail and wholesale banking franchises, and a strong North American wealth management platform…
Victor Dodig will take over the helm at CIBC (TSX:CM) on Sept. 15, when current CEO Gerry McCaughey retires.
Dodig is currently the senior executive vice-president of the wealth management group.
CIBC says Dodig has experience with both wealth management and the retail banking, and has helped the bank grow over the past three years through acquisitions in the U.S.
He has a long history at the bank, where he started working as a customer service representative as a university student.
Dodig was formerly the managing director and chief executive in Canada for UBS Global Asset Management and has worked for Merrill Lynch and Company and McKinsey and Company.
“I feel privileged that the board has asked me to lead CIBC into the next phase of its growth and development,” Dodig said Thursday in a statement.
“CIBC has a strong foundation for long-term success, with a strong capital base, leading retail and wholesale banking franchises, and a strong North American wealth management platform…
New York Daily NewsOne Dead, Two Shot Inside Bank of America Office in ChicagoABC NewsA gunman killed himself this morning after shooting a man at a Bank of America office in Chicago's financial district, authorities said. The 59-year-old man shot a 54-year-old man before turning the gun on himself, police said. The 54-year-old victim was taken …Chicago police: 1 man dead, 1 critical after shooting in downtown high-rise office …Washington PostPolice: 1 dead, 1 wounded in Loop shootingChicago Tribune1 dead, 1 wounded in shooting at Loop building in ChicagoNew York Daily NewsSan Jose Mercury News -WLS-TVall 38 news articles »
