World's largest money manager says climate change is an investment risk + MORE Nov 13th

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NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
J.C. Penney Co., down $1.35 to $7.44
The department store operator’s strong third-quarter sales weren’t enough to ease investors’ worries about the upcoming holiday shopping season.
Tyco International PLC, down $1.19 to $35.31
The fire protection and security company met Wall Street’s fourth-quarter profit expectations, but revenue fell short of forecasts.
Nordstrom Inc., down $9.51 to $53.96
The retailer reported worse-than-expected third-quarter profit and lowered its full-year outlook, citing softer sales.
Nasdaq
Cisco Systems Inc., down $1.62 to $26.21
The computer networking giant reported better-than-expected fiscal first-quarter profit, but gave a lacklustre outlook.
Mylan NV, up $5.58 to $48.78
The drugmaker’s $26 billion cash-and-stock hostile takeover bid was rejected by Perrigo shareholders.
Applied Materials Inc…

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Ontario power distributor Hydro One Ltd, whose shares made their debut on the Toronto Stock Exchange last week, reported an 11% rise in third-quarter profit on Friday, helped by higher demand due to warmer-than-usual weather.

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Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,075.42, down 51.76 points):
B2Gold Corp. (TSX:BTO). Miner. Up three cents, or 2.16 per cent, to $1.42 on 10.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 10 cents, or 7.25 per cent, to $1.28 on 8.3 million shares. The future of Bombardier’s sole Canadian CSeries order is in serious doubt after Ottawa confirmed it would not allow passenger jets to fly out of Billy Bishop Toronto City Airport. Transport Minister Marc Garneau tweeted Thursday night that the government will not reopen an agreement with the City of Toronto and Ports Toronto that would need to be renegotiated to extend the runway at the island airport and permit jets.
Encana Corp. (TSX:ECA). Oil and gas. Up 74 cents, or 7.35 per cent, to $10.81 on 8.2 million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Down 6.5 cents, or 13 per cent, to 43.5 cents on 7.7 million shares.
Baytex Energy Corp…

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Climate change risk has arrived as an investment issue, according to the world’s largest institutional investment manager.

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