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Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
Sweat equity and capital: What it takes to open a successful franchise + MORE Oct 13th
VANCOUVER _ Beeru Mannan owns two Freshii locations in British Columbia with his brother, and the duo plan to open another pair of the chain’s restaurants in the province next year.
The veteran franchisee, who’s been affiliated with three other brands previously, was drawn to FreshiiR.... More »
Why America’s economy has taken flight + MORE Nov 6th
Patrick T. Fallon/Bloomberg
For many people the name Nouriel Roubini probably won’t ring any bells. Chances are, though, his nickname, Dr. Doom, will. Sure, there have been other economic prognosticators over the years who’ve been given the comic book supervillain moniker when they made gloomy p.... More »
How Tulip CEO Ali Asaria Retooled His Business Twice and Landed $100M Investment + MORE Feb 8th
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
When Ali Asaria founded Tulip, he was missing one, seemingly critical, thing: a product.
The serial entrepreneur had worked at BlackBerry a.... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 19th
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Gabriel Resources stock plunges amid possible setback in Romanian mine
– canadianbusiness.com
TORONTO – Gabriel Resources Ltd. shares plunged to their lowest in more than a year Monday after reports that the Romanian government may move to block the company’s Rosia Montana gold project.
The Toronto-based company (TSX:GBU) says it’s seeking clarification after reports cited the Romanian prime minister and other ministers saying the government will use an emergency procedure to halt debate of draft legislation in the two houses of parliament.
Gabriel shares were down 96 cents or 65 per cent at 51 cents on the Toronto Stock Exchange, even though the company urged markets not to read too much into the news, saying it would “advise caution in the trading of its shares.”
The stock’s previous 52-week low was $1.11.
Gabriel Resources says the threat to block debate comes despite government approval of the draft legislation in August, as well as polls that suggest support for the project, and is looking into the matter to find out what was actually said…
The Toronto-based company (TSX:GBU) says it’s seeking clarification after reports cited the Romanian prime minister and other ministers saying the government will use an emergency procedure to halt debate of draft legislation in the two houses of parliament.
Gabriel shares were down 96 cents or 65 per cent at 51 cents on the Toronto Stock Exchange, even though the company urged markets not to read too much into the news, saying it would “advise caution in the trading of its shares.”
The stock’s previous 52-week low was $1.11.
Gabriel Resources says the threat to block debate comes despite government approval of the draft legislation in August, as well as polls that suggest support for the project, and is looking into the matter to find out what was actually said…
Aramark files paperwork to take food company public for a third time
– canadianbusiness.com
Aramark Corp. has filed paperwork to take the foodservice company public for its third time.
The Philadelphia-based company first went private in 1984 to thwart a hostile takeover, then listed on the New York Stock Exchange in 2001.
It was taken private for the second time in 2007, in a $6.3 billion buyout by an investment group led by then-CEO Joseph Neubauer. The group included the private equity units of Goldman Sachs and JPMorgan, along with private investment firm Thomas H. Lee Partners.
Aramark did not specify the offering’s size or timing in regulatory filing Monday. It plans to use proceeds to repay debt.
The company provides food, uniforms and other services to schools, hospitals and businesses nationwide.
Aramark earned $104 million in 2012 on revenue of $13.5 billion.
The post Aramark files paperwork to take food company public for a third time appeared first on Canadian Business.
The Philadelphia-based company first went private in 1984 to thwart a hostile takeover, then listed on the New York Stock Exchange in 2001.
It was taken private for the second time in 2007, in a $6.3 billion buyout by an investment group led by then-CEO Joseph Neubauer. The group included the private equity units of Goldman Sachs and JPMorgan, along with private investment firm Thomas H. Lee Partners.
Aramark did not specify the offering’s size or timing in regulatory filing Monday. It plans to use proceeds to repay debt.
The company provides food, uniforms and other services to schools, hospitals and businesses nationwide.
Aramark earned $104 million in 2012 on revenue of $13.5 billion.
The post Aramark files paperwork to take food company public for a third time appeared first on Canadian Business.
Icahn ends fight for PC maker Dell days before shareholders vote on founder’s buyout offer
– canadianbusiness.com
Billionaire investor Carl Icahn is giving up his bitter takeover fight for Dell Inc. a few days before shareholders are scheduled to consider the latest buyout offer from the struggling computer maker’s founder Michael Dell.
Icahn said Monday in a letter to shareholders that he still thinks Michael Dell’s bid to take his company private undervalues the business and freezes shareholders out of any future gains. But Icahn also said it would be “almost impossible” to defeat that offer in a vote scheduled for Thursday.
Icahn and another major Dell shareholder, Southeastern Asset Management, said they won’t pursue additional efforts to defeat it.
“We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it),” Icahn wrote in the letter.
Michael Dell’s $24.8 billion bid to take his company private includes an offer of $13.75 per share plus a 13-cent dividend. Dell raised that bid last month after previous offers also drew strong criticism from Icahn and other major Dell Inc…
Icahn said Monday in a letter to shareholders that he still thinks Michael Dell’s bid to take his company private undervalues the business and freezes shareholders out of any future gains. But Icahn also said it would be “almost impossible” to defeat that offer in a vote scheduled for Thursday.
Icahn and another major Dell shareholder, Southeastern Asset Management, said they won’t pursue additional efforts to defeat it.
“We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it),” Icahn wrote in the letter.
Michael Dell’s $24.8 billion bid to take his company private includes an offer of $13.75 per share plus a 13-cent dividend. Dell raised that bid last month after previous offers also drew strong criticism from Icahn and other major Dell Inc…
Ontario fast-tracks creation of watchdog to examine provincial spending – The Globe and Mail
– news.google.ca
CBC.caOntario fast-tracks creation of watchdog to examine provincial spendingThe Globe and MailThe Ontario government will fast-track the creation of a new budget watchdog to assess public spending. The governing Liberals agreed last spring to hire a financial accountability officer, in order to secure the support of the New Democratic Party for their …Ontario Liberals to create new financial watchdogCBC.caOntario government creates spending watchdogToronto StarFall session of Ontario legislature underway680 NewsCityNews -Victoria Times Colonistall 18 news articles »
