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Disaster and the Wealth of Nations + MORE Aug 28th
Texans will rebound from the awful flooding with their usual élan..... More »
Canada Post lays off 50 employees amid ‘critical financial situation’ - CTV News Feb 6th
Canada Post lays off 50 employees amid ‘critical financial situation’ CTV NewsView Full Coverage on Google News.... More »
The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th
David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was whe.... More »
The close: TSX ends lower with mining, technology stock falls + MORE Nov 29th
Nasdaq falls with tech stocks; S&P ends flat
.... More »
World markets sharply lower to start 2016; bad news out of China sparks sell-off + MORE Jan 4th
An overnight drop in stock prices that began in China provided a dismal backdrop for the first trading day of 2016..... More »
Pimco assets stabilize a year after Bill Gross’s surprise exit
– theglobeandmail.com
Assets under management at Pimco were $1.47-trillion as of September, little changed from $1.52-trillion as of June 30, the Newport Beach, California-based company reported on its website
Thy Neighbor's Assets
– online.wsj.com
Envy as economic policy.
Daily Deals: Suncor spurned, big U.S. chip deal and how to ‘cleanse’ an IPO
– theglobeandmail.com
Mergers, acquisitions, private equity and venture capital deals from Canada and around the world
Education Department tightens student financial aid payments to for-profit college ITT Tech
– canadianbusiness.com
WASHINGTON – Education officials are placing new limits on federal student aid administered by struggling for-profit college chain ITT Educational Services.
The move comes after the government found ITT was failing to comply with previous orders to improve its financial controls.
ITT has not produced proper and timely accounting for the federal grants and loans it distributes to students since at least 2009, the Department of Education says in a letter sent to ITT on Monday. As a result, the letter says, ITT will now be allowed to pay out federal education funds to students only after they have attended classes and been certified as eligible by a school representative.
Along with delaying ITT’s receipt of federal funds, the Education Department will also require the company to provide it with additional student information and news about any restrictions placed on it by lenders. In a statement accompanying the letter, Education Undersecretary Ted Mitchell said that the government would take additional actions against ITT if it believed doing so would keep students safe…
The move comes after the government found ITT was failing to comply with previous orders to improve its financial controls.
ITT has not produced proper and timely accounting for the federal grants and loans it distributes to students since at least 2009, the Department of Education says in a letter sent to ITT on Monday. As a result, the letter says, ITT will now be allowed to pay out federal education funds to students only after they have attended classes and been certified as eligible by a school representative.
Along with delaying ITT’s receipt of federal funds, the Education Department will also require the company to provide it with additional student information and news about any restrictions placed on it by lenders. In a statement accompanying the letter, Education Undersecretary Ted Mitchell said that the government would take additional actions against ITT if it believed doing so would keep students safe…
Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK
– canadianbusiness.com
Humana says shareholders at a special meeting overwhelming approved the company’s takeover by fellow insurer Aetna.
The Louisville, Kentucky-based company said Monday that more than 99 per cent of shares voted at the meeting were in favour the deal, which was announced in July. That total represents about 87 per cent of Humana’s total outstanding common shares.
Separately, Aetna, of Hartford, Connecticut, says that shareholders approved the issuance of stock to Humana shareholders.
The $37 billion deal will create the country’s second-largest managed care company. It’s still subject to approval by regulators and other closing conditions. Humana Inc. and Aetna Inc. expect to complete the transaction in the second half of 2016.
The post Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK appeared first on Canadian Business – Your Source For Business News.
The Louisville, Kentucky-based company said Monday that more than 99 per cent of shares voted at the meeting were in favour the deal, which was announced in July. That total represents about 87 per cent of Humana’s total outstanding common shares.
Separately, Aetna, of Hartford, Connecticut, says that shareholders approved the issuance of stock to Humana shareholders.
The $37 billion deal will create the country’s second-largest managed care company. It’s still subject to approval by regulators and other closing conditions. Humana Inc. and Aetna Inc. expect to complete the transaction in the second half of 2016.
The post Humana shareholders approve takeover by Aetna, $37 billion deal still needs regulatory OK appeared first on Canadian Business – Your Source For Business News.
