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95% of profits don't go toward jobs, salaries & investment, report finds + MORE Oct 6th
Companies in the Standard & Poor's 500 index are set to spend $914 billion this year on share buybacks and dividends while skimping on capital investment and pay raises..... More »
How AI is helping Canadians budget, save, and tackle debt Aug 1st
Canadians are increasingly turning to artificial intelligence for help with their money. From smart budgeting tools to automated investing apps, AI is quickly becoming part of how we manage our finances.
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI tec.... More »
German startup incubator Rocket Internet announces public listing this year + MORE Sep 10th
BERLIN – Germany’s startup factory Rocket Internet AG says it plans a public listing on the Frankfurt stock exchange this year.
The privately held company has launched dozens of online businesses around the world, often copying successful rivals.
The announcement Wednesday comes a week a.... More »
How is investment income taxed in Canada? Jul 3rd
Ask MoneySense
I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying?
My financial advisor is not very helpful.
–Louise
There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »
Former Olympic rower missing from Victoria + MORE Nov 18th
VANCOUVER — At least three investigations are underway in the case of an investment dealer and former Canadian Olympic rower who has gone missing from Victoria.
Investia Financial Services Inc. has launched a probe into the activities of Harold Backer, who is also the subject of two missing-person.... More »
In sign of strength, Audi steps up investments
– theglobeandmail.com
Car maker says 70 per cent of the new investment would go to new Audi vehicles, including an expansion of the product line to 60 models by the end of the decade, from 49 currently
Delta, Twitter, Twitter, Textron and The Pantry are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Delta Air Lines Inc., down 85 cents to $27.03
Airline stocks dropped as oil prices rose, and a glitch on the carrier’s website allowed travellers to score extreme discounts on flights.
General Motors Co., down 58 cents to $40.94
The automaker and its main Chinese partner will recall almost 1.5 million cars to replace a fuel pump bracket that could crack.
Textron Inc., up 38 cents to $36.58
The parent company of Cessna Aircraft will buy aircraft maker Beechcraft for $1.4 billion.
Twitter Inc., down $9.56 to $63.75
Macquarie Capital downgraded the social media company, whose shares have nearly tripled since its initial public offering.
Nasdaq
ANI Pharmaceuticals Inc., up $2.77 to $19.89
The pharmaceutical acquired 31 generic drugs from Teva Pharmaceuticals in a significant expansion of its portfolio.
The Pantry Inc., down 61 cents to $16.75
Benchmark Co…
NYSE
Delta Air Lines Inc., down 85 cents to $27.03
Airline stocks dropped as oil prices rose, and a glitch on the carrier’s website allowed travellers to score extreme discounts on flights.
General Motors Co., down 58 cents to $40.94
The automaker and its main Chinese partner will recall almost 1.5 million cars to replace a fuel pump bracket that could crack.
Textron Inc., up 38 cents to $36.58
The parent company of Cessna Aircraft will buy aircraft maker Beechcraft for $1.4 billion.
Twitter Inc., down $9.56 to $63.75
Macquarie Capital downgraded the social media company, whose shares have nearly tripled since its initial public offering.
Nasdaq
ANI Pharmaceuticals Inc., up $2.77 to $19.89
The pharmaceutical acquired 31 generic drugs from Teva Pharmaceuticals in a significant expansion of its portfolio.
The Pantry Inc., down 61 cents to $16.75
Benchmark Co…
Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million
– canadianbusiness.com
CUPERTINO, Calif. – Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.
Cook’s pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook’s compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.
The year’s pay was relatively modest compared with 2011, when he took the company’s helm. That year, Apple’s board set him up with stock now worth $510 million.
Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 per cent decline in market value, or about $160 billion. Still, it remains the world’s most valued company as measured by market capitalization.
The post Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million appeared first on Canadian Business.
Cook’s pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook’s compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.
The year’s pay was relatively modest compared with 2011, when he took the company’s helm. That year, Apple’s board set him up with stock now worth $510 million.
Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 per cent decline in market value, or about $160 billion. Still, it remains the world’s most valued company as measured by market capitalization.
The post Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million appeared first on Canadian Business.
Stock market analysts weigh in with predictions of where they see the S&P 500 going in 2014
– canadianbusiness.com
NEW YORK, N.Y. – It is an understatement to say stock market investors had a good year in 2013. The Standard & Poor’s 500 index soared 29 per cent, its best year since 1997. Including dividends, it gained 32 per cent.
What lies ahead after this historic year? The AP asked leading market analysts and investment managers where they see the Standard & Poor’s 500 index winding up by the end of 2014 and why. The index closed at 1,841 Friday, with two trading days left in the year.
CITIGROUP
Year-end target: 1,900.
Reasoning: Modest improvement in the economy and better company earnings. Enticed by higher returns, investors will move some cash from bonds back into stocks.
BANK OF AMERICA MERRILL LYNCH
Year-end target: 2,000.
Reasoning: With the Federal Reserve likely to end its bond-buying program, bonds face a tough year. In stocks, the focus will be large multinational companies that can benefit from an improving global economy.
GOLDMAN SACHS
Year-end target: 1900…
What lies ahead after this historic year? The AP asked leading market analysts and investment managers where they see the Standard & Poor’s 500 index winding up by the end of 2014 and why. The index closed at 1,841 Friday, with two trading days left in the year.
CITIGROUP
Year-end target: 1,900.
Reasoning: Modest improvement in the economy and better company earnings. Enticed by higher returns, investors will move some cash from bonds back into stocks.
BANK OF AMERICA MERRILL LYNCH
Year-end target: 2,000.
Reasoning: With the Federal Reserve likely to end its bond-buying program, bonds face a tough year. In stocks, the focus will be large multinational companies that can benefit from an improving global economy.
GOLDMAN SACHS
Year-end target: 1900…
BlackBerry shares down 8% on TSX
– cbc.ca
Days after an unexpected jump higher, shares in BlackBerry wiped out most of their recent gains and traded down by almost 10 per cent on Canada’s benchmark stock exchange Friday.
