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Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip - Reuters + MORE Oct 23rd
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip ReutersStock market today: Dow leads stocks lower as Treasury yields tick up Yahoo FinanceNasdaq Futures Fall On Higher Bond Yields Ahead Of Tesla Earnings BarchartStock Market News Today, 10/23/24 .... More »
Bullish on Best Buy + MORE Dec 30th
A technical look at the stock
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Gardiner Expressway repairs 'months ahead of schedule' as crews begin next stage of project Apr 26th
The province says its $73 million investment last July has helped speed up repairs on the roadway..... More »
Can big corporate earnings jolt the lagging Canadian market? + MORE Jul 24th
Companies scheduled to unveil their quarterly financial results represent a wide cross-section of the S&P/TSX composite index, following a trickle of results last week
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How often should you check in on your finances? + MORE Jan 3rd
New year, new financial goals. That’s how many of us begin each January, only to see progress falter as the weeks go on. One way to combat that problem is to create regular check-ins for yourself to stay on track. The Canadian Press spoke to experts to help build out a list of financial tasks .... More »
Regulators propose huge overhaul of debt collection industry
– canadianbusiness.com
NEW YORK, N.Y. – The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give people more ability to dispute their bills.
It would be the biggest overhaul of the debt collection industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago. Regulators estimate roughly 70 million Americans are contacted by debt collectors each year, and more Americans submit complaints to state and federal agencies about unfair or deceptive practices than any other part of the consumer financial system.
“This is about bringing better accuracy and accountability to a market that desperately needs it,” said CFPB Director Richard Cordray.
Like payday loans and so-called binding arbitration agreements — two parts of the U.S. financial system that the CFPB has proposed regulating more tightly — the new proposals from are likely to be resisted strongly by the industry and its allies in Washington…
It would be the biggest overhaul of the debt collection industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago. Regulators estimate roughly 70 million Americans are contacted by debt collectors each year, and more Americans submit complaints to state and federal agencies about unfair or deceptive practices than any other part of the consumer financial system.
“This is about bringing better accuracy and accountability to a market that desperately needs it,” said CFPB Director Richard Cordray.
Like payday loans and so-called binding arbitration agreements — two parts of the U.S. financial system that the CFPB has proposed regulating more tightly — the new proposals from are likely to be resisted strongly by the industry and its allies in Washington…
AstraZeneca says 2Q earnings fell 22 per cent
– canadianbusiness.com
LONDON – Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 per cent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States.
Core operating profit, which excludes one-time items such as restructuring costs and impairments, dropped to $1.41 billion from $1.81 billion in the second quarter of 2015.
AstraZeneca reported a net loss of $3 million compared with a profit of $697 million a year earlier.
The drugmaker previously announced plans to cut costs so it can devote more resources to cancer drugs. It has warned that investment in research and development to boost the drug pipeline would hurt earnings this year.
CEO Pascal Soriot says the figures were in line with expectations “reflecting the near-term patent expiry challenges.”
The post AstraZeneca says 2Q earnings fell 22 per cent appeared first on Canadian Business – Your Source For Business News.
Core operating profit, which excludes one-time items such as restructuring costs and impairments, dropped to $1.41 billion from $1.81 billion in the second quarter of 2015.
AstraZeneca reported a net loss of $3 million compared with a profit of $697 million a year earlier.
The drugmaker previously announced plans to cut costs so it can devote more resources to cancer drugs. It has warned that investment in research and development to boost the drug pipeline would hurt earnings this year.
CEO Pascal Soriot says the figures were in line with expectations “reflecting the near-term patent expiry challenges.”
The post AstraZeneca says 2Q earnings fell 22 per cent appeared first on Canadian Business – Your Source For Business News.
Canada’s national housing agency rang more alarm bells about Vancouver’s real estate sector after it released a report Wednesday saying there is now strong evidence of problematic conditions in the city.
Lexpert: Perceived conflict won't protect minority shareholders
– theglobeandmail.com
The B.C. Court of Appeal’s recent decision on Jaguar Financial v. Alternative Earth Resources has raised the ante for litigants attacking the conduct of boards during takeover proceedings
Infor deal with ECN Capital is making heads spin
– theglobeandmail.com
One of six Canadian SPACs that collectively raised $1-billion over the past year, the company announced plans on Monday to be acquired by ECN Capital, a specialty lender that is being spun out of Element Financial
