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PepsiCo 3Q results beat Street; raises full-year guidance + MORE Sep 29th
PURCHASE, N.Y. – PepsiCo, free of last year’s entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past almost all expectations.
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, w.... More »
At midday: TSX rises as commodity price gains boost resource stocks + MORE Jul 25th
Strong earnings boost S&P, Dow; Alphabet drags Nasdaq
.... More »
Dow futures jump more than 350 points on reports Trump will hold back some tariffs: Live updates - CNBC Mar 24th
Dow futures jump more than 350 points on reports Trump will hold back some tariffs: Live updates CNBCDow Jones Futures Rise On Trump Tariff 'Flexibility'; 5 Stocks Near Buy Points Investor's Business DailyUS Futures Rally as Traders Dive Back Into Tech: Markets Wrap .... More »
Stock markets fall into bear market territory after Mnuchin and Trump stoke worries + MORE Dec 24th
Stock markets sold off on Monday after U.S. Treasury Secretary Steven Mnuchin called the heads of six major U.S. banks Sunday in an apparent attempt to reassure jittery financial markets — but ended up only stoking investor fears..... More »
Urbancorp reminds us that our investments are at risk + MORE Aug 26th
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasnâ.... More »
Gilbert and Torabi to write columns for Winfrey’s magazine
– canadianbusiness.com
NEW YORK, N.Y. – “Eat Pray Love” author Elizabeth Gilbert and personal finance author-commentator Farnoosh Torabi will be writing columns for O, the Oprah Magazine.
Editor-in-chief Lucy Kaylin told The Associated Press on Tuesday that Gilbert will contribute an “uplifting column” about self-expression and creative living and will provide a video to go with her monthly writing. Torabi will be a financial columnist, “helping readers learn to take control of their finances.”
The debut columns of Gilbert and Torabi will appear in the May issue, which comes out April 12.
Other books by Gilbert besides “Eat Pray Love,” the spiritual memoir that became a film starring Julia Roberts, include the novel “The Signature of All Things.” Torabi is known for the podcast “So Money” and such books as “When She Makes More.”
The post Gilbert and Torabi to write columns for Winfrey’s magazine appeared first on Canadian Business – Your Source For Business News.
Editor-in-chief Lucy Kaylin told The Associated Press on Tuesday that Gilbert will contribute an “uplifting column” about self-expression and creative living and will provide a video to go with her monthly writing. Torabi will be a financial columnist, “helping readers learn to take control of their finances.”
The debut columns of Gilbert and Torabi will appear in the May issue, which comes out April 12.
Other books by Gilbert besides “Eat Pray Love,” the spiritual memoir that became a film starring Julia Roberts, include the novel “The Signature of All Things.” Torabi is known for the podcast “So Money” and such books as “When She Makes More.”
The post Gilbert and Torabi to write columns for Winfrey’s magazine appeared first on Canadian Business – Your Source For Business News.
The Latest: Kremlin says no link to Putin in Panama Papers
– canadianbusiness.com
BERLIN – The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):
2:30 p.m.
President Vladimir Putin’s spokesman says the Russian leader has no connection whatsoever to offshore accounts allegedly owned by his close friend, a Russian musician.
Dmitry Peskov says the leaked documents from a Panama-based firm have been wilfully interpreted by an international consortium of investigative journalists to make what he called an unfounded claim that cellist Sergei Roldugin’s offshore assets were linked to the Russian president.
Peskov, speaking to The Associated Press Tuesday, emphasized that “there is not a word about President Putin in those papers,” and dismissed the alleged link between Russian owners of offshore assets and Putin as a “product of imagination.”
He said the scandal around the so-called Panama Papers has proven that Putin was right when he urged Russian businesses to pull out their assets from offshores…
2:30 p.m.
President Vladimir Putin’s spokesman says the Russian leader has no connection whatsoever to offshore accounts allegedly owned by his close friend, a Russian musician.
Dmitry Peskov says the leaked documents from a Panama-based firm have been wilfully interpreted by an international consortium of investigative journalists to make what he called an unfounded claim that cellist Sergei Roldugin’s offshore assets were linked to the Russian president.
Peskov, speaking to The Associated Press Tuesday, emphasized that “there is not a word about President Putin in those papers,” and dismissed the alleged link between Russian owners of offshore assets and Putin as a “product of imagination.”
He said the scandal around the so-called Panama Papers has proven that Putin was right when he urged Russian businesses to pull out their assets from offshores…
Allergan continues to slide on new tax inversion rules
– canadianbusiness.com
NEW YORK, N.Y. – Allergan’s stock is down 20 per cent with the U.S. aggressively pushing its campaign to shut down so-called tax inversions by American companies.
The Treasury Department announced a new package of rules Monday aimed at making tax inversions, a manoeuvr in which U.S. companies reincorporate overseas to take advantage of lower tax rates, less financially appealing. The new regulations seek to limit internal corporate borrowing that shifts profits out of the United States.
Pfizer’s planned acquisition of Allergan is aimed at reducing Pfizer’s tax bill. The proposed transaction, announced last November, would move the official headquarters of Pfizer Inc. from New York to Ireland, where Allergan is based.
Pfizer and Allergan PLC say they are reviewing the new Treasury rules.
Investors scattered before the opening bell Tuesday.
Allergan’s stock is down $57.17 to $220.38 per share.
The post Allergan continues to slide on new tax inversion rules appeared first on Canadian Business – Your Source For Business News.
The Treasury Department announced a new package of rules Monday aimed at making tax inversions, a manoeuvr in which U.S. companies reincorporate overseas to take advantage of lower tax rates, less financially appealing. The new regulations seek to limit internal corporate borrowing that shifts profits out of the United States.
Pfizer’s planned acquisition of Allergan is aimed at reducing Pfizer’s tax bill. The proposed transaction, announced last November, would move the official headquarters of Pfizer Inc. from New York to Ireland, where Allergan is based.
Pfizer and Allergan PLC say they are reviewing the new Treasury rules.
Investors scattered before the opening bell Tuesday.
Allergan’s stock is down $57.17 to $220.38 per share.
The post Allergan continues to slide on new tax inversion rules appeared first on Canadian Business – Your Source For Business News.
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
– theglobeandmail.com
Credit Suisse CEO Tidjane Thiam said his bank was only after lawful assets; HSBC said the documents predated a thorough reform of its business model
Toronto area realtors report record Q1 sales volume, March average price up 12 per cent
– canadianbusiness.com
TORONTO – The Toronto Real Estate Board says it had record high sales volume and another jump in prices during the first quarter, anchored by a strong March.
There were 22,575 sales through the board’s members during the first three months of 2016, including 10,326 in March.
The number of sales was up about 16 per cent, compared with the same month and quarter last year.
For the Greater Toronto Area as a whole, the average selling price for all types of residential property in March was $688,181.
That’s up about $74,000 or 12 per cent from the March 2015 average price of $613,815.
The average price within the City of Toronto itself was $699,745 last month, with the average price for fully detached homes at $1.17 million and the average condo price at $416,251.
The post Toronto area realtors report record Q1 sales volume, March average price up 12 per cent appeared first on Canadian Business – Your Source For Business News.
There were 22,575 sales through the board’s members during the first three months of 2016, including 10,326 in March.
The number of sales was up about 16 per cent, compared with the same month and quarter last year.
For the Greater Toronto Area as a whole, the average selling price for all types of residential property in March was $688,181.
That’s up about $74,000 or 12 per cent from the March 2015 average price of $613,815.
The average price within the City of Toronto itself was $699,745 last month, with the average price for fully detached homes at $1.17 million and the average condo price at $416,251.
The post Toronto area realtors report record Q1 sales volume, March average price up 12 per cent appeared first on Canadian Business – Your Source For Business News.
