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Premarket: Amazon earnings miss sends ripples though world markets Jul 28th
Investors spooked by sudden drop in technology shares; Amazon falls after reporting slump in profit
.... More »
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion - Reuters + MORE Nov 14th
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion ReutersOvintiv consolidates holdings with $3.3-billion Montney buy, $2.8-billion Uinta sale The Globe and MailParamount Resources Ltd. announces $3.325 billion asset sale BOE ReportOvintiv is .... More »
Claude Mongeau to step down as CN Rail CEO + MORE Jun 7th
MONTREAL — Canadian National Railway will have its third leader in more than six years after the CEO of the country’s largest railway said Tuesday he’s stepping down because a medical condition makes it difficult to continue in the job.
Claude Mongeau returned to work in January after.... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Sep 14th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
.... More »
US housing starts fall in notably cold and snowy January + MORE Feb 17th
WASHINGTON – Cold winter weather appears to have cut into homebuilding in the Midwest and Northeast, causing the pace of construction to tumble in January.
Housing starts slipped 3.8 per cent last month to a seasonally adjusted annual rate of 1.1 million homes, the Commerce Department said Wed.... More »
Netflix rose the most in the Standard & Poor’s 500 index in 2013; Newmont Mining fell the most
– canadianbusiness.com
Netflix soared while Newmont sank. Here are the three biggest winners and the three biggest losers in the Standard & Poor’s 500 index in 2013.
The Winners:
— Netflix, up 296 per cent. Netflix’s earnings have soared as the video subscription service attracts millions of new customers. Netflix’s library has expanded quickly with original, widely acclaimed shows like “House of Cards” and “Orange is the New Black.”
— Micron Technology, up 244 per cent. The Boise, Idaho-based semiconductor maker has been on a roll. Micron’s chips, which are found in computers, cars and mobile devices, are benefiting from consolidation in the industry. Sales of its memory chips are booming.
— Best Buy, up 239 per cent. The electronics retailer has slashed costs, ramped up employee training and matched online prices to draw customers into its stores. Best Buy has been stepping up its game as it faces competition from discounters and online retailers like Amazon…
The Winners:
— Netflix, up 296 per cent. Netflix’s earnings have soared as the video subscription service attracts millions of new customers. Netflix’s library has expanded quickly with original, widely acclaimed shows like “House of Cards” and “Orange is the New Black.”
— Micron Technology, up 244 per cent. The Boise, Idaho-based semiconductor maker has been on a roll. Micron’s chips, which are found in computers, cars and mobile devices, are benefiting from consolidation in the industry. Sales of its memory chips are booming.
— Best Buy, up 239 per cent. The electronics retailer has slashed costs, ramped up employee training and matched online prices to draw customers into its stores. Best Buy has been stepping up its game as it faces competition from discounters and online retailers like Amazon…
OSC orders $1 million in penalties for 2 men at centre of alleged fraud ring
– canadianbusiness.com
TORONTO – Two Canadian men at the centre of an alleged international penny stock fraud have been ordered by a provincial tribunal to pay more than $1 million in penalties for breaking Ontario securities law.
The Ontario Securities Commission also said Sandy Winick and Gregory Curry are permanently banned from securities trading, being an investment dealer, fund manager, director or corporate officer of any company.
The sanctions are related to three separate schemes involving securities of BFM Industries Inc., Liquid Gold International Corp. and Nanotech Industries Inc.
OSC commissioner James Carnwath ruled in a 14-page decision released Tuesday that Winick committed “a series of acts including the illegal distribution and unregistered trading of securities.
“Winick engaged in an ongoing course of deceitful and fraudulent conduct designed to personally enrich himself at the expense of innocent investors,” Carnwath wrote.
Winick is also facing criminal charges in the United States, accused by the U…
The Ontario Securities Commission also said Sandy Winick and Gregory Curry are permanently banned from securities trading, being an investment dealer, fund manager, director or corporate officer of any company.
The sanctions are related to three separate schemes involving securities of BFM Industries Inc., Liquid Gold International Corp. and Nanotech Industries Inc.
OSC commissioner James Carnwath ruled in a 14-page decision released Tuesday that Winick committed “a series of acts including the illegal distribution and unregistered trading of securities.
“Winick engaged in an ongoing course of deceitful and fraudulent conduct designed to personally enrich himself at the expense of innocent investors,” Carnwath wrote.
Winick is also facing criminal charges in the United States, accused by the U…
Margaritaville Casino releases details of new resort construction project
– canadianbusiness.com
BILOXI, Miss. – The owners of Margaritaville Casino in Biloxi will build a new hotel next spring with an eye toward a 2015 opening.
Doug Shipley, Margaritaville’s president/CEO, said in a news release Tuesday that the new hotel will feature 250 rooms including 170 deluxe guest rooms and 80 two- and three-bedroom suites. He said the casino will offer some time-share units.
“Margaritaville Biloxi will be making a considerable investment in creating a resort destination the likes of which Biloxi has never seen.
“The addition of time-shares to our hotel will attract a whole new type of customer; one that’s not currently visiting the Biloxi area. It truly is an exciting opportunity for our city,” Shipley said.
In addition to the hotel, Shipley said Margaritaville will expand and renovate the casino floor, adding meeting space and a resort-style pool and spa. He said the casino will open a new steakhouse.
Shipley said Margaritaville Biloxi will make improvements at its marina to provide more secured overnight docking accommodations, as well as developing a bay-front resort pool and pool bar with outdoor gambling…
Doug Shipley, Margaritaville’s president/CEO, said in a news release Tuesday that the new hotel will feature 250 rooms including 170 deluxe guest rooms and 80 two- and three-bedroom suites. He said the casino will offer some time-share units.
“Margaritaville Biloxi will be making a considerable investment in creating a resort destination the likes of which Biloxi has never seen.
“The addition of time-shares to our hotel will attract a whole new type of customer; one that’s not currently visiting the Biloxi area. It truly is an exciting opportunity for our city,” Shipley said.
In addition to the hotel, Shipley said Margaritaville will expand and renovate the casino floor, adding meeting space and a resort-style pool and spa. He said the casino will open a new steakhouse.
Shipley said Margaritaville Biloxi will make improvements at its marina to provide more secured overnight docking accommodations, as well as developing a bay-front resort pool and pool bar with outdoor gambling…
Two Canadian men at the centre of an alleged international penny stock fraud have been ordered by a provincial tribunal to pay more than $1 million in penalties for breaking Ontario securities law.
Fed stimulus, Washington gridlock were among the drivers of big stock market swings in 2013
– canadianbusiness.com
There were plenty of big moves on the stock market in 2013, and the causes of many of them could be traced back to Washington.
Investors dumped stocks when political gridlock brought the country perilously close to defaulting on its debt. They also fretted when Congress shut down the government rather than pass a budget. Likewise, markets shot higher when the dysfunction appeared to pass.
The Federal Reserve was also top of mind for Wall Street in 2013. The U.S. central bank’s aggressive bond-buying program has pumped money into financial markets and kept long-term interest rates extremely low.
Trying to guess when the Fed would start winding down its $85 billion a month in bond purchases became the biggest parlour game of the year on Wall Street. In mid-December, the Fed finally gave its answer: Citing an improving economy, Fed officials said they would start to reduce the purchases in early 2014.
Here are some of the biggest gains and drops of the year in the Dow Jones industrial average, and what caused them…
Investors dumped stocks when political gridlock brought the country perilously close to defaulting on its debt. They also fretted when Congress shut down the government rather than pass a budget. Likewise, markets shot higher when the dysfunction appeared to pass.
The Federal Reserve was also top of mind for Wall Street in 2013. The U.S. central bank’s aggressive bond-buying program has pumped money into financial markets and kept long-term interest rates extremely low.
Trying to guess when the Fed would start winding down its $85 billion a month in bond purchases became the biggest parlour game of the year on Wall Street. In mid-December, the Fed finally gave its answer: Citing an improving economy, Fed officials said they would start to reduce the purchases in early 2014.
Here are some of the biggest gains and drops of the year in the Dow Jones industrial average, and what caused them…
