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Peloton stock derails on report that user growth has hit the brakes - CBC News + MORE Jan 21st
Peloton stock derails on report that user growth has hit the brakes CBC NewsPeloton May Pause Production of Bikes, Treadmills Bloomberg Markets and FinanceNot just like that: Peloton execs dumped stock ahead of production pause Canadian Cycling MagazinePeloton halts .... More »
Sears Canada loses $119M in Q3 as same-store sales slide + MORE Nov 18th
Sears Canada Inc. continued its string of disappointing earnings, losing $118.7 million in its fiscal third quarter..... More »
Marijuana company Aphria met with TSX about guidance regarding U.S. business + MORE Oct 24th
Marijuana producer Aphria Inc. says it met with the Toronto Stock Exchange last week to discuss the exchange’s recent guidance that pot firms with U.S. exposure could face delisting.
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the .... More »
Google Stock Falls Amid OpenAI Web Browser. ChatGPT Advertising Next? - Investor's Business Daily Oct 21st
Google Stock Falls Amid OpenAI Web Browser. ChatGPT Advertising Next? Investor's Business DailyIntroducing ChatGPT Atlas OpenAIChatGPT Atlas: OpenAI launches web browser centered around its chatbot The GuardianOpenAI launches Atlas browser to compete with Google Chro.... More »
Tesla's Q1 net income down 55% year over year - CBC News + MORE Apr 23rd
Tesla's Q1 net income down 55% year over year CBC NewsTesla shares jump 11% after Musk says company aims to start production of affordable new EV by early 2025 CNBCTesla's shift on low-cost cars throws Mexico, India factory plans into limbo Yahoo Canada FinanceTesla .... More »
An Ontario court has approved three settlements valued at $10.85 million in a class-action lawsuit filed in 2011 against Zungui Haixi Corp., auditors Ernst & Young LLP and several underwriters involved in the Chinese footwear maker’s initial public offering.New U.S. mortgage rules might be too many and too lax: Erica Alini
– canadianbusiness.com
Seven years after U.S. home prices started tanking, America’s housing market overhaul seems on track to produce a wall of new rules that might still leave the door open to excessive risk.
Before delving into the crux of the matter, though, a brief history is in order. The core of the reform effort is the gargantuan Dodd-Frank bill of 2010, with which Congress set the guidelines for shaking up the entire financial system. On the housing sector, Dodd-Frank established two main principles. First, mortgage lenders should be held accountable for verifying borrowers’ ability to repay. Second, sponsors of mortgage-backed securities (MBS) should be required to “keep some skin in the game,” by holding on to at least 5% of the risk connected to the underlying assets, except in the case of mortgages deemed extremely safe.
Congress charged the newly created Consumer Financial Protection Bureau (CFPB) with setting the standards lenders should follow to establish prospective homeowners’ ability to repay…
Before delving into the crux of the matter, though, a brief history is in order. The core of the reform effort is the gargantuan Dodd-Frank bill of 2010, with which Congress set the guidelines for shaking up the entire financial system. On the housing sector, Dodd-Frank established two main principles. First, mortgage lenders should be held accountable for verifying borrowers’ ability to repay. Second, sponsors of mortgage-backed securities (MBS) should be required to “keep some skin in the game,” by holding on to at least 5% of the risk connected to the underlying assets, except in the case of mortgages deemed extremely safe.
Congress charged the newly created Consumer Financial Protection Bureau (CFPB) with setting the standards lenders should follow to establish prospective homeowners’ ability to repay…
Ontario court approves $10.8 million settlement in Zungui Haixi class-action
– canadianbusiness.com
LONDON, Ont. – An Ontario court has approved three settlements valued at $10.85 million in a class-action lawsuit filed in 2011 against Zungui Haixi Corp., auditors Ernst & Young LLP and several underwriters involved in the Chinese footwear maker’s initial public offering.
The IPO raised $39.8 million and led to its shares being listed on the TSX Venture Exchange.
The approved settlements resolve the claim filed by two Zungui Haixi investors who alleged the IPO prospectus and some disclosures by the manufacturer of sportswear and casual footwear were false or misleading.
The settlements end the dispute but aren’t admissions of liability, wrongdoing or fault since all the defendants deny the allegations.
The settlements approved by the Ontario Superior Court of Justice call for Zungui to pay $8.1 million, Ernst & Young to pay $2 million and underwriters CIBC World Markets, Canaccord Genuity, GMP Securities and Mackie Research Capital to pay $750,000.
The court also awarded legal fees, expenses and taxes with interest totalling $2…
The IPO raised $39.8 million and led to its shares being listed on the TSX Venture Exchange.
The approved settlements resolve the claim filed by two Zungui Haixi investors who alleged the IPO prospectus and some disclosures by the manufacturer of sportswear and casual footwear were false or misleading.
The settlements end the dispute but aren’t admissions of liability, wrongdoing or fault since all the defendants deny the allegations.
The settlements approved by the Ontario Superior Court of Justice call for Zungui to pay $8.1 million, Ernst & Young to pay $2 million and underwriters CIBC World Markets, Canaccord Genuity, GMP Securities and Mackie Research Capital to pay $750,000.
The court also awarded legal fees, expenses and taxes with interest totalling $2…
One couple's all-in bet on rising real estate
– theglobeandmail.com
Debt-laden family are making ends meet for now – but they’re vulnerable to any unforeseen expenses
