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Loonie gains strength but remains near 11-year lows, index futures positive + MORE Dec 22nd
TORONTO – The Canadian dollar strengthened Tuesday but remained near 11-year lows.
The loonie traded at 71.84 cents US, up 0.23 from Monday’s close.
The Dow Jones futures were up 21.0 points at 17,199.0, the S&P 500 futures advanced 2.0 points to 2,016.9 and the Nasdaq gained 1.5 poi.... More »
Xiaomi’s Mi 11 Ultra is getting an ultra-limited release in India - The Verge Jul 5th
Xiaomi’s Mi 11 Ultra is getting an ultra-limited release in India The VergeRedmi Note 10 Pro vs Xiaomi Mi 11 Lite: Specs Comparison gizmochinaA famous leaker shows what might have been with discarded Xiaomi Mi 11-series designs Notebookcheck.netXiaomi Mi MIX 4 with.... More »
Why 2017 could be a good year for high-yield bond investors + MORE Jan 3rd
As investors anticipate rising U.S. interest rates, stronger economic growth and higher inflation, ultrasafe government bonds have been slumping along with investment-grade corporate bonds
.... More »
Short-seller research firm Hindenburg responds to Trevor Milton's resignation - CNBC Television Sep 21st
Short-seller research firm Hindenburg responds to Trevor Milton's resignation CNBC TelevisionNikola stock collapses after founder resigns over fraud allegations The Next WebNikola's Trevor Milton Resigns, GM Is Still In Torque NewsNikola Doesn't Look Much Like Tesla .... More »
What is short-term disability insurance? Sep 14th
Short-term disability (STD) insurance provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital. STD insurance is often offered by employers as part of their workplace benefits package. It’s not .... More »
Ukraine seeking breakthrough for deal to get Russian gas for winter
– canadianbusiness.com
BRUSSELS – The European Union’s energy chief is hoping talks between Ukraine and Russia will yield the breakthrough needed to guarantee Russian gas will continue to flow to Ukraine and, by extension, parts of the EU this winter.
After inconclusive talks last week, Wednesday’s negotiations between the energy chiefs of the two nations were seen as a last-ditch attempt to stave off another crisis that could leave Ukraine without sufficient heating in the dead of winter.
EU Energy Commissioner Guenther Oettinger said that the key outstanding issue was where to find the money for cash-strapped Ukraine to pay for deliveries.
Earlier this month, Russian President Vladimir Putin and his Ukrainian counterpart, Petro Poroshenko, agreed on a broad outline of a deal, but financial issues have since bogged down talks.
The post Ukraine seeking breakthrough for deal to get Russian gas for winter appeared first on Canadian Business.
After inconclusive talks last week, Wednesday’s negotiations between the energy chiefs of the two nations were seen as a last-ditch attempt to stave off another crisis that could leave Ukraine without sufficient heating in the dead of winter.
EU Energy Commissioner Guenther Oettinger said that the key outstanding issue was where to find the money for cash-strapped Ukraine to pay for deliveries.
Earlier this month, Russian President Vladimir Putin and his Ukrainian counterpart, Petro Poroshenko, agreed on a broad outline of a deal, but financial issues have since bogged down talks.
The post Ukraine seeking breakthrough for deal to get Russian gas for winter appeared first on Canadian Business.
Goodyear beats 3Q profit expectations, misses revenue forecasts
– canadianbusiness.com
AKRON, Ohio – AKRON, Ohio (AP) _ The Goodyear Tire & Rubber Co. (GT) on Wednesday reported earnings of $161 million in its third quarter.
On a per-share basis, the Akron, Ohio-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 87 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The tire maker posted revenue of $4.66 billion in the period, falling short of Street forecasts. Analysts expected $4.95 billion, according to Zacks.
Goodyear shares have decreased 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 8 per cent. The stock has increased 6 per cent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. GT stock research report from Zacks.
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Keywords:Goodyear,Earnings Report,Priority Earnings
The post Goodyear beats 3Q profit expectations, misses revenue forecasts appeared first on Canadian Business.
On a per-share basis, the Akron, Ohio-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 87 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The tire maker posted revenue of $4.66 billion in the period, falling short of Street forecasts. Analysts expected $4.95 billion, according to Zacks.
Goodyear shares have decreased 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 8 per cent. The stock has increased 6 per cent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. GT stock research report from Zacks.
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Keywords:Goodyear,Earnings Report,Priority Earnings
The post Goodyear beats 3Q profit expectations, misses revenue forecasts appeared first on Canadian Business.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Cameco Corp. announced Wednesday it posted a $146-million net loss in the third quarter as revenue fell 57 per cent from a year earlier.
UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures
– canadianbusiness.com
LONDON – Britain’s Serious Fraud Office has launched a criminal investigation into accounting procedures at Tesco, in a case in which the retailer acknowledged it had overstated its projected profits.
Tesco had already launched an internal investigation after discovering its first-half earnings estimate had been inflated by about 263 million pounds ($423 million) due to alleged accounting errors at the company, the second largest retailer after Walmart. Eight executives have been suspended while the inquiry takes place.
The SFO’s inquiry underscores the seriousness of the matter, though it remains unclear as to whether the accounting issues were mistakes or a deliberate effort to massage the results amid troubles in facing down increasing competition.
Just moments after the SFO probe was announced Wednesday, the Financial Conduct Authority ended its inquiry.
The post UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures appeared first on Canadian Business.
Tesco had already launched an internal investigation after discovering its first-half earnings estimate had been inflated by about 263 million pounds ($423 million) due to alleged accounting errors at the company, the second largest retailer after Walmart. Eight executives have been suspended while the inquiry takes place.
The SFO’s inquiry underscores the seriousness of the matter, though it remains unclear as to whether the accounting issues were mistakes or a deliberate effort to massage the results amid troubles in facing down increasing competition.
Just moments after the SFO probe was announced Wednesday, the Financial Conduct Authority ended its inquiry.
The post UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures appeared first on Canadian Business.
