Rockwell Collins to buy B/E Aerospace for $6.4 billion + MORE Oct 24th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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PALM BEACH, Fla. – Donald Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage.
Two years after a series of storms, the real estate tycoon said he didn’t know how much had been spent on repairs but acknowledged he pocketed some of the money. Trump transferred funds into his personal accounts, saying that under the terms of his policy, “you didn’t have to reinvest it.”
In a deposition in an unrelated civil lawsuit, Trump said he got the cash from a “very good insurance policy” and cited ongoing work to the historic home.
“Landscaping, roofing, walls, painting, leaks, artwork in the — you know, the great tapestries, tiles, Spanish tiles, the beach, the erosion,” he said of the storm damage. “It’s still not what it was.”
Trump’s description of extensive damage does not match those of Mar-a-Lago members and even Trump loyalists…

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Online brokerage TD Ameritrade is buying Scottrade in a $4 billion US cash-and-stock deal that would significantly expand its branch network at a time when many financial firms are expanding automated adviser programs.

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NEW YORK, N.Y. – The move by Rockwell Collins Inc. to buy B/E Aerospace Inc. will combine two of the biggest suppliers to airplane makers and airlines.
Rockwell announced Sunday that it will pay $6.4 billion to buy its rival, a 22.5 per cent premium over B/E’s closing stock price on Friday.
In afternoon trading Monday, shares of Rockwell fell almost 6 per cent while B/E shares jumped almost 16 per cent.
Rockwell said the deal will diversify its offerings to plane manufacturers and airlines. Rockwell sells avionics and electronics systems used in airline, business and military jets. B/E, based in Wellington, Florida, makes aircraft cabin interiors including seating, storage and lavatory systems.
Rockwell Collins, which is based in Cedar Rapids, Iowa, said that with B/E, it will nearly double the value of systems it sells for new single-aisle planes by Boeing and Airbus and triple its components in bigger two-aisle planes that are often used on international routes.
The stock and cash deal needs approval by shareholders of both companies and by regulators…

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A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the Web

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Financial PostCanada's record household debt is threatening its financial stability, global bankers fearFinancial PostAP Photo/David Goldman,In September, Statistics Canada reported household liabilities rose to 100.5 per cent of GDP, exceeding the size of its economy for the first time. Twitter · Google+ · LinkedIn · Email · Typo? More. Comments · Tumblr · Pinterest …Bank of Canada seals deal with Ottawa to renew inflation target at 2%Toronto StarBank of Canada renews inflation target, adjusts how it gauges inflationReuters CanadaBank of Canada (BoC) Keeps Inflation Target at 2%MarketPulse (blog)CityNews -CP24 Toronto’s Breaking News -ForexLive -Seeking Alphaall 46 news articles »

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