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Investors look to earnings as President Trump enters first week on the job + MORE Jan 22nd
Early signs point to growth for fourth-quarter results, but expectations are running high as big companies report
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Making sense of the markets this week: February 19, 2023 Feb 17th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Steady profits never make the news
Being a pipeline company is sort of like being a hockey referee: If people notice you, it’s pr.... More »
Silicon Valley Bank files for bankruptcy | GMA - ABC News Mar 18th
Silicon Valley Bank files for bankruptcy | GMA ABC NewsParent company of Silicon Valley Bank filing for bankruptcy protection CBC NewsSVB Financial Goes Bankrupt Bloomberg TelevisionSVB parent company files for bankruptcy CTV NewsSilicon Valley Bank parent.... More »
American Airlines beats Street 1Q forecasts + MORE Apr 22nd
FORT WORTH, Texas – FORT WORTH, Texas (AP) _ American Airlines Group Inc. (AAL) on Friday reported first-quarter net income of $700 million.
The Fort Worth, Texas-based company said it had net income of $1.14 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
.... More »
Business Highlights
– canadianbusiness.com
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DuPont, Dow Chemical seek merger, then 3-way split
DOVER, Del. (AP) — Dow Chemical and DuPont are merging to form a company valued at about $130 billion as they try to counter falling commodities prices and weakness in some key markets that have pressured their giant agriculture and chemicals businesses.
The two companies, whose research has brought the world products such as Ziploc bags, Saran wrap and Teflon coatings, will first form DowDuPont, then separate into three independent publicly traded companies focused on agriculture, material science and specialty products.
The proposed merger, announced Friday, would temporarily create the world’s second-largest chemical company.
___
The agitators behind Dow, DuPont, Yahoo moves
NEW YORK (AP) — Dow Chemical, DuPont and Yahoo didn’t so much leap toward new corporate futures this week. They were pushed.
Behind the $130 billion merger of Dow and DuPont and the impending breakup of Yahoo were large investment firms that were agitating for change…
DuPont, Dow Chemical seek merger, then 3-way split
DOVER, Del. (AP) — Dow Chemical and DuPont are merging to form a company valued at about $130 billion as they try to counter falling commodities prices and weakness in some key markets that have pressured their giant agriculture and chemicals businesses.
The two companies, whose research has brought the world products such as Ziploc bags, Saran wrap and Teflon coatings, will first form DowDuPont, then separate into three independent publicly traded companies focused on agriculture, material science and specialty products.
The proposed merger, announced Friday, would temporarily create the world’s second-largest chemical company.
___
The agitators behind Dow, DuPont, Yahoo moves
NEW YORK (AP) — Dow Chemical, DuPont and Yahoo didn’t so much leap toward new corporate futures this week. They were pushed.
Behind the $130 billion merger of Dow and DuPont and the impending breakup of Yahoo were large investment firms that were agitating for change…
The close: Lowest close in two years for TSX as oil prices plunge again
– theglobeandmail.com
Oil skids toward 11-year low as IEA warns of worse glut
The close: Lowest close in two years for TSX as oil prices plunge again – The Globe and Mail
– news.google.ca
The Globe and MailThe close: Lowest close in two years for TSX as oil prices plunge againThe Globe and MailCanada's main stock index sank further on Friday following a two-day respite as energy stocks tumbled after an oil group warned on slowing demand growth and heavyweight bank shares also fell. The Standard & Poor's/TSX Composite Index dropped 226.64 …TSX sees its weakest close in more than two yearsReuters CanadaTSX suffers as oil and dollar fallToronto StarStock market malady as oil falls under US$36, dollar dips below 73 cents USNews1130Baystreet.caall 176 news articles »
Outlook increasingly bleak as TSX faces worst year since financial crisis
– theglobeandmail.com
Investing in Canada has, and will likely continue to be, a distinctly unrewarding experience
Pep Boys agrees to be acquired by Bridgestone following sweetened takeover bid
– canadianbusiness.com
Pep Boys has agreed to be acquired by Bridgestone for $863 million in cash after the tires and auto service company sweetened its offer following a bid from Carl Icahn’s investment firm.
Bridgestone and Pep Boys said late Friday that the new offer amounts to $15.50 for each Pep Boys share, an increase from its previous offer of $15 per share.
Pep Boys’ board of directors is unanimously recommending that the company’s shareholders accept the offer.
The company said that its board no longer sees Icahn’s $837.4 million buyout offer as a superior proposal.
Pep Boys – Manny, Moe & Jack, based in Philadelphia, has about 800 locations around the country that sells auto parts and repairs vehicles. Bridgestone Corp. is based in Tokyo.
The post Pep Boys agrees to be acquired by Bridgestone following sweetened takeover bid appeared first on Canadian Business – Your Source For Business News.
Bridgestone and Pep Boys said late Friday that the new offer amounts to $15.50 for each Pep Boys share, an increase from its previous offer of $15 per share.
Pep Boys’ board of directors is unanimously recommending that the company’s shareholders accept the offer.
The company said that its board no longer sees Icahn’s $837.4 million buyout offer as a superior proposal.
Pep Boys – Manny, Moe & Jack, based in Philadelphia, has about 800 locations around the country that sells auto parts and repairs vehicles. Bridgestone Corp. is based in Tokyo.
The post Pep Boys agrees to be acquired by Bridgestone following sweetened takeover bid appeared first on Canadian Business – Your Source For Business News.
