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United CEO manages apology in third statement since man dragged screaming from overbooked plane - National Post + MORE Apr 12th
National PostUnited CEO manages apology in third statement since man dragged screaming from overbooked planeNational PostAfter two days of conflicting explanations, falling stock prices and worldwide outrage, United Airlines entered full mea culpa mode Tuesday, with its chief executive apologizing f.... More »
Nvidia stock pops 7% to top $1,000 after earnings beat forecasts, it announces stock split and dividend hike - Yahoo Canada Finance May 23rd
Nvidia stock pops 7% to top $1,000 after earnings beat forecasts, it announces stock split and dividend hike Yahoo Canada FinanceNVIDIA Announces Financial Results for First Quarter Fiscal 2025 NVIDIA BlogAI Boom Drives Chip Stock Rally After Nvidia Smashes Wall Street Expectat.... More »
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Decline in Chinese demand, increase in production capacity and surplus existing stock combine to drive down prices, with no relief in sight
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Toronto’s deflating housing bubble, in one chart + MORE Jul 7th
(iStock)
Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and active listings surged over the year before.
The average house price still managed to inc.... More »
The best GIC rates in Canada for 2025 + MORE Feb 3rd
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Investment bank Evercore to buy financial research firm; all-stock deal valued at up to $401M
– canadianbusiness.com
WASHINGTON – The investment bank Evercore Partners says it has an agreement to buy the International Strategy & Investment Group, a financial research firm.
The all-stock deal between the two New York-based companies could be worth roughly $401 million, based on Evercore’s shares closing Friday at $50.13. Evercore plans to issue the equivalent of up to 8 million shares to purchase ISI and also acquire the remaining 40 per cent of its own equities division not currently under the investment bank’s control.
About 70 per cent of the shares involved would be paid out over five years based on performance target. Evercore says it expects to close the deal in the final three months of 2014.
The combined business would have generated $230 million in revenues over the 12 months ended June 30.
The post Investment bank Evercore to buy financial research firm; all-stock deal valued at up to $401M appeared first on Canadian Business.
The all-stock deal between the two New York-based companies could be worth roughly $401 million, based on Evercore’s shares closing Friday at $50.13. Evercore plans to issue the equivalent of up to 8 million shares to purchase ISI and also acquire the remaining 40 per cent of its own equities division not currently under the investment bank’s control.
About 70 per cent of the shares involved would be paid out over five years based on performance target. Evercore says it expects to close the deal in the final three months of 2014.
The combined business would have generated $230 million in revenues over the 12 months ended June 30.
The post Investment bank Evercore to buy financial research firm; all-stock deal valued at up to $401M appeared first on Canadian Business.
For Quebec, Ontario, investment is not a good measure of economic performance
– theglobeandmail.com
Business investment data covers only business capital expenditure, they do not reflect the strength of tech industries and other growth sectors
Portuguese authorities put up $6.6 billion to save ailing major bank, separate toxic assets
– canadianbusiness.com
LISBON, Portugal – Portuguese authorities are providing 4.9 billion euros ($6.6 billion) in an emergency rescue to prevent the collapse of ailing bank Banco Espirito Santo, one of the eurozone country’s oldest and biggest financial institutions
Bank of Portugal governor Carlos Costa said late Sunday the money will come from a special fund set up during the eurozone’s recent financial crisis. The fund was created to help financial institutions in difficulty.
The move came after Banco Espirito Santo’s share price lost around 75 per cent of its value last week. The stocks crashed after the bank reported a record half-year loss of 3.58 billion euros as previously unreported debts came to light after an audit. The scandal involving the Espirito Santo family, one of Portugal’s best-known families, has gripped public attention.
The Portuguese bank’s hidden difficulties have spooked international markets, which fear the financial crisis that recently hit countries sharing the euro currency may not be over and more financial secrets remain to be discovered…
Bank of Portugal governor Carlos Costa said late Sunday the money will come from a special fund set up during the eurozone’s recent financial crisis. The fund was created to help financial institutions in difficulty.
The move came after Banco Espirito Santo’s share price lost around 75 per cent of its value last week. The stocks crashed after the bank reported a record half-year loss of 3.58 billion euros as previously unreported debts came to light after an audit. The scandal involving the Espirito Santo family, one of Portugal’s best-known families, has gripped public attention.
The Portuguese bank’s hidden difficulties have spooked international markets, which fear the financial crisis that recently hit countries sharing the euro currency may not be over and more financial secrets remain to be discovered…
US jobs boost Asian stocks but gains tempered by Argentina default, Portugal bank bailout
– canadianbusiness.com
BEIJING, China – Asian stock markets were mostly higher Monday after a sixth month of healthy employment growth in the U.S. but gains were tempered by jitters over Argentina’s debt default and a Portuguese bank bailout.
KEEPING SCORE: China’s Shanghai Composite Index rose 0.6 per cent to 2,198.28 and Hong Kong’s Hang Seng gained 0.4 per cent to 24,617.92. Tokyo’s Nikkei 225 was flat at 15,519.18 and Seoul also was stable at 3,073.11. Taiwan’s benchmark added 0.2 per cent to 9,288.71. Sydney’s S&P/ASX 200 was down 0.3 per cent at 5,536.70. Southeast Asian markets were mixed.
US JOBS: Data on Friday showed the United States added more than 200,000 jobs in July for a sixth straight month. That was slightly below expectations but added to signs an economic recovery is gaining traction. At the same time, most economists don’t think the pace of job growth is enough to cause the Federal Reserve to speed up its timetable for raising interest rates…
KEEPING SCORE: China’s Shanghai Composite Index rose 0.6 per cent to 2,198.28 and Hong Kong’s Hang Seng gained 0.4 per cent to 24,617.92. Tokyo’s Nikkei 225 was flat at 15,519.18 and Seoul also was stable at 3,073.11. Taiwan’s benchmark added 0.2 per cent to 9,288.71. Sydney’s S&P/ASX 200 was down 0.3 per cent at 5,536.70. Southeast Asian markets were mixed.
US JOBS: Data on Friday showed the United States added more than 200,000 jobs in July for a sixth straight month. That was slightly below expectations but added to signs an economic recovery is gaining traction. At the same time, most economists don’t think the pace of job growth is enough to cause the Federal Reserve to speed up its timetable for raising interest rates…
