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Dividend growth expected to slow in 2019 Feb 5th
For the last several years, investors have been generating decent incomes from owning dividend-paying stocks. When interest rates plummeted to record lows, and making money in GICs and other fixed-income instruments became difficult to do, investors started flocking to yielding equities, while compa.... More »
With schizophrenia in remission, accused Toronto financial district killer declared fit to stand trial - National Post + MORE Oct 30th
National PostWith schizophrenia in remission, accused Toronto financial district killer declared fit to stand trialNational PostRohinie Bisesar is mentally fit to stand trial, but will plead that she is not criminally responsible because of mental illness in the stabbing death three years ago of a y.... More »
3.5 year - 2.30% + MORE Mar 28th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online..... More »
Expense control new reality for banks in fourth-quarter turnaround + MORE Dec 6th
Since the Big Six banks started reporting their earnings on Tuesday, their share prices have fallen an average of 4 per cent
.... More »
TSX down, loonie up in wake of interest rate hike Oct 24th
North American markets fell hard as Canada's main stock index again posted its worst day in more than three years. The Canadian dollar was up in the wake of the Bank of Canada's decision to raise its key interest rate by a quarter of a percentage point..... More »
Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm
– canadianbusiness.com
ATHENS, Greece – Greece’s prime minister and finance minister have both insisted any sale of state assets will be handled by the agency set up for this purpose and not by any firm based abroad and run by foreign management.
Premier Antonis Samaras and Finance Minister Yannis Stournaras were responding to rumours that Greece’s creditors, unimpressed by the pace of privatizations, are pushing for a foreign-based special purpose vehicle to handle the selloffs.
Stournaras told newspaper Ethnos that he “categorically denied” that Greece’s Asset Development Fund would be moved abroad.
The fund’s two last chairmen have resigned in the past six months, one to face unrelated legal issues and the other for improper contact with the buyer of the former state betting firm OPAP.
The post Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm appeared first on Canadian Business.
Premier Antonis Samaras and Finance Minister Yannis Stournaras were responding to rumours that Greece’s creditors, unimpressed by the pace of privatizations, are pushing for a foreign-based special purpose vehicle to handle the selloffs.
Stournaras told newspaper Ethnos that he “categorically denied” that Greece’s Asset Development Fund would be moved abroad.
The fund’s two last chairmen have resigned in the past six months, one to face unrelated legal issues and the other for improper contact with the buyer of the former state betting firm OPAP.
The post Greek prime minister, finance minister: state assets sale won’t be entrusted to foreign firm appeared first on Canadian Business.
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.
Vodafone says it is in advanced talks to sell back Verizon stake for $130 billion
– canadianbusiness.com
NEW YORK, N.Y. – Vodafone says it is in advanced talks to sell its 45 per cent stake of Verizon Wireless back to the U.S. cellphone service provider for $130 billion in cash and stock, a deal which would be the second-largest on record if it goes through.
If an agreement is reached, Verizon would own its wireless business outright after buying the stake back from British cellphone company Vodafone PLC.
Vodafone said in a statement on Sunday there is no certainty that a final deal will be reached. Verizon Communications Inc. declined to comment.
The buyout, if finalized, would be second only to Vodafone’s $172 billion acquisition of Mannesmann AG in 2000, according to research firm Dealogic.
It would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. It would also give Verizon Communications the opportunity to boost its quarterly earnings, as it would no longer have to share a portion of proceeds from the nation’s No. 1 wireless carrier with Vodafone…
If an agreement is reached, Verizon would own its wireless business outright after buying the stake back from British cellphone company Vodafone PLC.
Vodafone said in a statement on Sunday there is no certainty that a final deal will be reached. Verizon Communications Inc. declined to comment.
The buyout, if finalized, would be second only to Vodafone’s $172 billion acquisition of Mannesmann AG in 2000, according to research firm Dealogic.
It would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. It would also give Verizon Communications the opportunity to boost its quarterly earnings, as it would no longer have to share a portion of proceeds from the nation’s No. 1 wireless carrier with Vodafone…
4.5 year – 2.45%
– 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.
RI bankruptcy trustee wants to explore bringing claims against former 38 Studios officials
– canadianbusiness.com
PROVIDENCE, R.I. – The federal bankruptcy trustee in the 38 Studios case wants to explore opening a second legal front in the bid to recoup losses from the failed $75 million state investment in former Red Sox pitcher Curt Schilling’s defunct video game company.
The state Economic Development Corp. last week voted to allow the trustee to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, Thomas Carlotto, an attorney for the agency, said. He said it could be a “fruitful and beneficial” course of action.
“There is the potential that he can bring in additional monies,” Carlotto said.
The EDC already is suing Schilling, other company executives and some of its own former officials over the $75 million loan guarantee the EDC board approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence.
The company filed for bankruptcy last year. The state is now on the hook for about $90 million related to the deal, which was financed with bonds…
The state Economic Development Corp. last week voted to allow the trustee to use up to $150,000 in assets recovered from the company to investigate potential claims against its former officers and directors and other parties, Thomas Carlotto, an attorney for the agency, said. He said it could be a “fruitful and beneficial” course of action.
“There is the potential that he can bring in additional monies,” Carlotto said.
The EDC already is suing Schilling, other company executives and some of its own former officials over the $75 million loan guarantee the EDC board approved in 2010 to lure 38 Studios from Maynard, Mass., to Providence.
The company filed for bankruptcy last year. The state is now on the hook for about $90 million related to the deal, which was financed with bonds…
