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Cenovus Energy reports $69M third quarter loss, production more than doubles + MORE Nov 2nd
CALGARY _ Cenovus Energy Inc. (TSX:CVE) says it lost $69 million in its latest quarter as it more than doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips earlier this year.
The company says the loss amounted to six cents per s.... More »
Things to Consider About Personal Loans May 8th
It seems like personal loans are the choice number one nowadays. When things don’t go according to the plan, or simply when it’s hard to make ends meet, the first thing that falls on our minds is personal loans. They are like the easiest solution to our problems. It doesn’t take a lot to recei.... More »
Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science - WIRED Jul 14th
Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science WIREDSale of multimillion-dollar T rex skeleton is big headache for scientists The GuardianA T. rex found in South Dakota could smash auction records — and possibly disappear forever &nbs.... More »
$4.6-billion power station to supply data centre near Edmonton gets green light - Financial Post Jul 2nd
$4.6-billion power station to supply data centre near Edmonton gets green light Financial PostCounty north of Edmonton approved to host energy generator for potential AI data centre CTV NewsPembina, partners go ahead with gas plant for data centre north of Edmonton C.... More »
Using digital tools to automate your financial plan Jul 16th
Digital tools can help keep your financial plan on track.... More »
Weekly Summary Corporate dividends, name changes, new listings
– canadianbusiness.com
NEW YORK, N.Y. – Changes announced in corporate dividends February 22-26.
INCREASED DIVIDENDS
Amdocs Ltd .195 from .17
Assured Guaranty Ltd .13 from .12
B&G Foods .42 from .35
BWX Tech .09 from .06
Canadian Imperial Bk g 1.18 from 1.15
Carter Inc .33 from .22
Centerstate Banks .04 from .02
Cinemark Holdings .27 from .25
Cohen & Steers Inc .26 from .25
Cyrusone Inc .38 from .315
Danaher Corp .16 from .135
Dicks Sporting Goods .151 from .1375
Eaton Corp PLC .57 from .55
Enpro Industries .21 from .20
Evans Bancorp .38 from .36
First Connecticut Bncp .07 from .06
Flushing Financial .17 from .16
Gamestop Corp Cl A .37 from .36
Gildan Activewear .078 from .065
Hill-Rom Holdings .17 from .16
Home Depot .69 from .59
Infinity Property & Casual .52 from .43
Kohls Corp .50 from .45
Lamar Advertising Co A .75 from .69
Leggett & Platt .32 from .20
Macquarie Infrastructure 1.15 from 1.13
Magna International g .25 from .22
MutualFirst Finl .14 from .12
National Health Inv .90 from …
INCREASED DIVIDENDS
Amdocs Ltd .195 from .17
Assured Guaranty Ltd .13 from .12
B&G Foods .42 from .35
BWX Tech .09 from .06
Canadian Imperial Bk g 1.18 from 1.15
Carter Inc .33 from .22
Centerstate Banks .04 from .02
Cinemark Holdings .27 from .25
Cohen & Steers Inc .26 from .25
Cyrusone Inc .38 from .315
Danaher Corp .16 from .135
Dicks Sporting Goods .151 from .1375
Eaton Corp PLC .57 from .55
Enpro Industries .21 from .20
Evans Bancorp .38 from .36
First Connecticut Bncp .07 from .06
Flushing Financial .17 from .16
Gamestop Corp Cl A .37 from .36
Gildan Activewear .078 from .065
Hill-Rom Holdings .17 from .16
Home Depot .69 from .59
Infinity Property & Casual .52 from .43
Kohls Corp .50 from .45
Lamar Advertising Co A .75 from .69
Leggett & Platt .32 from .20
Macquarie Infrastructure 1.15 from 1.13
Magna International g .25 from .22
MutualFirst Finl .14 from .12
National Health Inv .90 from …
Private equity firm Catalyst Capital calls for changes to Corus-Shaw deal
– canadianbusiness.com
TORONTO – Catalyst Capital Group Inc. is calling on Corus Entertainment Inc. (TSX:CJR.B) to renegotiate its $2.65-billion deal for Shaw Media Inc., arguing that it is overpaying for the assets.
The private equity firm, a minority shareholder in Corus, wants a March 9 vote on the deal to be postponed to allow more time for a review.
To reduce the price being paid, Catalyst suggested issuing fewer shares or paying a special dividend to existing shareholders.
Catalyst is also calling changes to the financing arrangement related to the sale and an evaluation of a potential sale of Corus itself.
Corus signed an agreement in January to buy the media division of Shaw Communications, which would add the Global Television network and 19 specialty channels to its portfolio.
The transaction requires approval by a majority of Corus shareholders, excluding the Shaw family. Proxy advisory firms Glass Lewis and Institutional Share Services have recommended shareholders vote in favour of the deal, Corus has said…
The private equity firm, a minority shareholder in Corus, wants a March 9 vote on the deal to be postponed to allow more time for a review.
To reduce the price being paid, Catalyst suggested issuing fewer shares or paying a special dividend to existing shareholders.
Catalyst is also calling changes to the financing arrangement related to the sale and an evaluation of a potential sale of Corus itself.
Corus signed an agreement in January to buy the media division of Shaw Communications, which would add the Global Television network and 19 specialty channels to its portfolio.
The transaction requires approval by a majority of Corus shareholders, excluding the Shaw family. Proxy advisory firms Glass Lewis and Institutional Share Services have recommended shareholders vote in favour of the deal, Corus has said…
Tips for investing in syndicated mortgages
– moneysense.ca
(John Lund/Getty Images)Q: I’m concerned about the stock market these days, and I am looking to diversify my investments outside the stock market. I’ve recently seen a lot of advertisements for syndicated mortgage products. The ads promise returns of 8% or more with the principal investment “fully secured” through real commercial property titles. I’m assuming it’s all too good to be true, but I don’t quite know where to look for the catch.
— Syndicated mortgage catch, Calgary, Alta.
A: Syndicated mortgages offer investors the opportunity to participate in the financing of commercial real estate projects by lending money to a developer at a specified rate (usually 8-9%) and term (usually 2-5 years). The 8-9% returns are annualized and not compounded, so your compound annual rate of return will be less than 8%. There may also be a bonus payment at the end of the term depending on the success of the project.
The typical minimum investment is $25,000 to $30,000…
Rubio finally turns on Trump. Was it too late?
– macleans.ca
Republican presidential candidates, Sen. Marco Rubio, R-Fla, left, and businessman Donald Trump argue while answering a question during the Republican Presidential Primary Debate at the University of Houston Thursday, Feb. 25, 2016, Houston. (AP Photo/Houston Chronicle, Gary Coronado, Pool) MANDATORY CREDITWASHINGTON – Marco Rubio unleashed a campaign’s worth of harsh criticism on Donald Trump in the final Republican debate before Tuesday’s crucial primaries.
The problem may be that it took 10 debates and three Trump victories to get Rubio fired up.
Rubio, along with most of the other Republican presidential candidates, has treated Trump with kid gloves for months, tiptoeing around glaring questions about the real estate mogul’s business record, political ideology, brash temperament and ambiguous policy proposals.
Only now, with Trump threatening to pull away from the field, did Rubio aggressively try to dismantle the billionaire businessman’s grip on the Republican race, with occasional help from Ted Cruz, the conservative Texas senator…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of February 29:
Jensyn Acquisition – Freehold, N.J., 4 million shares, priced at $10, managed by Chardan Capital Markets. Proposed Nasdaq symbol JSYNU. Business: Blank check company formed to acquire an IT consulting business.
Syndax Pharmaceuticals – Waltham, Mass., 4.4 million shares, priced $14-$16, managed by Morgan Stanley Citi. Proposed Nasdaq symbol SNDX. Business: Developing a therapy that enhances checkpoint immuno-oncology drugs.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
Week of February 29:
Jensyn Acquisition – Freehold, N.J., 4 million shares, priced at $10, managed by Chardan Capital Markets. Proposed Nasdaq symbol JSYNU. Business: Blank check company formed to acquire an IT consulting business.
Syndax Pharmaceuticals – Waltham, Mass., 4.4 million shares, priced $14-$16, managed by Morgan Stanley Citi. Proposed Nasdaq symbol SNDX. Business: Developing a therapy that enhances checkpoint immuno-oncology drugs.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
