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Regulators propose huge overhaul of debt collection industry + MORE Jul 28th
NEW YORK, N.Y. – The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give peopl.... More »
China isn’t the only thing rattling markets: Profits at big US companies are expected to drop for the second straight quarter, a + MORE Jan 10th
NEW YORK, N.Y. – Tumult in China triggered the worst opening week for U.S. stocks in history, and this week investors could get plenty more to worry about.
Profits are expected to drop at U.S. companies.
Again.
Earnings for companies in the Standard and Poor’s 500 index are forecast to d.... More »
Unique ideas for your last will and testament Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
Compare the best GIC rates in Canada 2022 Jan 5th
How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs.
Or, follow the prompts in the six fields a.... More »
Mainstream moderate Portuguese parties expected to prevail in election despite more austerity Oct 4th
LISBON, Portugal – Moderate mainstream parties were expected to triumph in Portugal’s general election Sunday, after more radical alternatives failed to exploit public discontent over austerity measures.
The centre-right coalition government was close to re-election, opinion polls indica.... More »
Hardened to crises, and maybe a bit numb, investors keep buying bonds, stocks, houses and art
– canadianbusiness.com
NEW YORK, N.Y. – The U.S. economy is growing at a painfully slow pace. Greece still threatens the euro. Chinese stocks have just pulled out of a frightening free-fall. Big companies in the U.S. are struggling to boost profits.
You might think it’s been a rough year for investors, but it’s mostly been a smooth ride — and a profitable one.
Money is flowing into bonds issued by the riskiest of companies, home prices in some big U.S. cities are soaring, shares of technology companies are still near all-time highs, even after a drop this week, and auction houses are enjoying record sales of art. A Picasso painting sold at Christie’s for $179 million in May, the highest ever for an artwork at auction, prompting one dealer to exclaim, “I don’t really see an end to it.”
Neither do many on Wall Street. The so-called fear index, a figure measuring the odds of big swings in stock prices, is hovering near a multi-year low. The ranks of “short-only” investors, who bet that stocks will drop, have thinned to near extinction…
You might think it’s been a rough year for investors, but it’s mostly been a smooth ride — and a profitable one.
Money is flowing into bonds issued by the riskiest of companies, home prices in some big U.S. cities are soaring, shares of technology companies are still near all-time highs, even after a drop this week, and auction houses are enjoying record sales of art. A Picasso painting sold at Christie’s for $179 million in May, the highest ever for an artwork at auction, prompting one dealer to exclaim, “I don’t really see an end to it.”
Neither do many on Wall Street. The so-called fear index, a figure measuring the odds of big swings in stock prices, is hovering near a multi-year low. The ranks of “short-only” investors, who bet that stocks will drop, have thinned to near extinction…
Financial Times says parent company Pearson in talks to sell its stake in Economist Group
– canadianbusiness.com
LONDON – The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 per cent stake in the Economist magazine.
The report says the talks involve other shareholders in the Economist Group.
The FT said Saturday its report is based on people familiar with the negotiations. It did not indicate a sale is imminent.
Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan. The deal was announced Thursday.
The company has said it wants to focus on its education business.
Pearson acquired its stake in the Economist in 1957 as part of its acquisition of the FT. The paper says a sale of the Pearson stake would have to be approved by the Economist Group trustees.
The post Financial Times says parent company Pearson in talks to sell its stake in Economist Group appeared first on Canadian Business – Your Source For Business News.
The report says the talks involve other shareholders in the Economist Group.
The FT said Saturday its report is based on people familiar with the negotiations. It did not indicate a sale is imminent.
Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan. The deal was announced Thursday.
The company has said it wants to focus on its education business.
Pearson acquired its stake in the Economist in 1957 as part of its acquisition of the FT. The paper says a sale of the Pearson stake would have to be approved by the Economist Group trustees.
The post Financial Times says parent company Pearson in talks to sell its stake in Economist Group appeared first on Canadian Business – Your Source For Business News.
