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Do stocks even matter anymore?
[Sat, 04 Sep 2010 00:02:13 Z]
Peter Hodson: When everyone else is selling, start buying
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Smartphones still the kid in the hall
[Fri, 03 Sep 2010 23:02:43 Z]
There is no denying that smartphones are becoming standard fare among back-to-school supplies. So much so that the sellers of high-tech handheld devices are adapting release dates to match the trend
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Shareholder group urges rejection of Kinross-Red Back merger
[Sat, 04 Sep 2010 02:53:07 Z]
The proposed US$7.1-billion merger between Kinross Gold Corp. and Red Back Mining Inc. has been rejected by proxy research firm Institutional Shareholder Services (ISS), which is worried about Kinross’s ability to find more gold at Red Back’s operations
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Goldcorp wins Andean auction, for now
[Fri, 03 Sep 2010 22:11:57 Z]
Goldcorp Inc.’s $3.6-billion friendly offer for Andean Resources Ltd. Friday came at the end of a lengthy auction that involved several parties
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Taxpayers likely to face initial loss on GM IPO: sources
[Sat, 04 Sep 2010 00:02:31 Z]
The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said
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Ex-Goldman programmer wins partial dismissal
[Sat, 04 Sep 2010 00:02:28 Z]
A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform
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China orders state firms to explore Potash bid
[Fri, 03 Sep 2010 15:03:10 Z]
The order from Beijing underscores the seriousness with which China is taking the potential BHP-Potash tie up and its implications for the pricing and supply of the important crop nutrient
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Goldman disbanding proprietary trading unit
[Fri, 03 Sep 2010 19:02:24 Z]
Goldman Sachs is shutting its principal-strategies business, a group that makes bets with the firm’s own capital, to comply with new U.S. rules aimed at curbing risk, people with knowledge of the decision told Bloomberg
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U.S. housing double-dip threatens banks
[Fri, 03 Sep 2010 12:01:55 Z]
Comment: If banks do require another rescue the political consensus to do it quickly and effectively will not be there
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Jamie Dimon slashes his Chicago mansion down to half price
[Fri, 03 Sep 2010 18:32:18 Z]
First the JPMorgan boss's Chicago mansion went on the market for US$13.5 million, then it got down to US$9.5 million, and now, it's half off, US$6.95 million.
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Madoff investors win US$12.74M in Merkin case
[Fri, 03 Sep 2010 22:01:58 Z]
Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded US$12.74 million by a panel of three arbitrators, court records show
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TSX rises for eighth straight day
[Fri, 03 Sep 2010 20:56:29 Z]
The Toronto Stock Exchange saw its eighth straight day of gains Friday, matching a streak not seen since February, after job losses in the United States came in lower than expected
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Google settles Buzz privacy lawsuit
[Fri, 03 Sep 2010 21:02:20 Z]
Google Inc has settled a lawsuit alleging privacy violations in connection with its Buzz social networking service, according to a court document filed on Friday
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Jobs data: Flat is the new up
[Fri, 03 Sep 2010 17:02:29 Z]
Comment: This payrolls report would never be good news in a growing economy; this payrolls report is good news; therefore, the economy isn’t growing
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Dubai worried BlackBerrys will be used by spies
[Fri, 03 Sep 2010 16:03:08 Z]
Concerns over Israeli access to BlackBerry data, and the use of the device by the United States to spy on the United Arab Emirates are behind the Gulf state’s moves to curb the smartphone, Dubai’s police chief said.
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Owners of a third of 3PAR back HP bid
[Fri, 03 Sep 2010 18:02:52 Z]
Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for US$2.4 billion
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Twitter tops 145 million users
[Fri, 03 Sep 2010 16:03:34 Z]
Twitter has over 145 million registered users and more people are using mobile devices to access the microblogging service, says co-founder Evan Williams
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Treasuries getting hammered
[Fri, 03 Sep 2010 15:24:11 Z]
The benchmark 10-year Treasury note to fall more than a point in price after upbeat jobs data
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Loonie gains more than a penny
[Fri, 03 Sep 2010 15:02:42 Z]
The Canadian dollar stormed back up Friday, reaching a a two-week high after an upside surprise in monthly U.S. nonfarm payroll numbers
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Canada’s budget officer won’t seek new mandate
[Fri, 03 Sep 2010 14:02:21 Z]
Kevin Page, who’s clashed with Prime Minister Stephen Harper over fiscal forecasts, is lobbying lawmakers to change the office but he won't stay on past 2013
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Watching the Web
[Fri, 03 Sep 2010 13:24:56 Z]
Companies are increasingly forced to monitor — and respond — to events on social media sites
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Petrobras plans US$64.5-billion stock offer
[Fri, 03 Sep 2010 13:02:17 Z]
Brazilian state oil company Petrobras will sell up to US$64.5-billion in new stock — one of the largest in capital markets history — to raise funds for the world’s biggest oil exploration investment plan
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BP oil spill costs hit US$8-billion
[Fri, 03 Sep 2010 12:02:00 Z]
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to US$8-billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster
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Tougher economy has TD watching costs
[Fri, 03 Sep 2010 00:02:13 Z]
The economic recovery in North America is losing steam and that’s going to make things tougher for banks, the head of Toronto-Dominion Bank warned Thursday
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Bell's back up over downloads
[Thu, 02 Sep 2010 23:27:23 Z]
BCE Inc.’s Bell Canada is vehemently opposing a regulatory decision this week to allow smaller Internet providers more room on its network but not because of the immediate competitive threat they pose. Instead, it is the online TV giants standing behind them Bell is likely more concerned about
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AIMCo takes aim at food, energy, materials
[Thu, 02 Sep 2010 23:13:46 Z]
Alberta’s $71-billion pension fund has its eye on food, energy and materials sectors, but argues investing directly in commodities in not the best way to reap the rewards
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Deaths, illness kill 25-year marathon case
[Fri, 03 Sep 2010 16:56:19 Z]
A case that captured headlines 25 years ago, with the promise to advance the protection of investors, died quietly Tuesday in a two-line statement from Canada’s largest capital markets regulator
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Apple and Google to clash in music space by Christmas
[Thu, 02 Sep 2010 20:02:45 Z]
Google's Andy Rubin, the brains behind Google's Android mobile operating system, has been leading conversations with the labels about what a new Google music service would look like, according to sources
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Little-noticed deal with Imperial Oil helped pave way for UTS-Total union: circular
[Thu, 02 Sep 2010 19:02:45 Z]
UTS Energy Corp. has revealed how a deal investors barely noticed in November 2009 was part of a grand scheme to extract more cash from potential suitors
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HP wins 3PAR for US$2.4B as Dell drops out
[Thu, 02 Sep 2010 20:50:53 Z]
Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for US$2.4 billion, as rival Dell Inc bowed out on Thursday
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TSX on longest winning streak since February
[Thu, 02 Sep 2010 21:07:54 Z]
On Thursday, the main Canadian stock market saw a seventh straight day of gains after Toronto-Dominion Bank reported higher third-quarter earnings, commodity prices rose and U.S. economic data came in better than expected
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Lehman preps bank units for sale or shutdown
[Thu, 02 Sep 2010 21:02:57 Z]
Lehman Brothers Holdings Inc, the bankrupt U.S. investment bank, needs at least US$550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show
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Cisco to buy wireless smart grid firm
[Thu, 02 Sep 2010 21:02:51 Z]
Network equipment maker Cisco Systems Inc said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market
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Miners strike bonus gold
[Thu, 02 Sep 2010 16:02:46 Z]
Canada's mining CEOs' bonus payments soared to a whopping 88% of base pay in 2010, compared with 61% in 2009 as metal prices rebounded
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Another explosion on Gulf of Mexico oil rig
[Thu, 02 Sep 2010 16:07:35 Z]
A platform owned by Mariner Energy Inc. was struck by an explosion
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Samsung to challenge Apple's iPad with own tablet
[Thu, 02 Sep 2010 19:02:28 Z]
Samsung Electronics' first tablet computer, the Galaxy Tab, will go on sale in two weeks, it said on Thursday, turning up the heat on Apple Inc's iPad
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Shareholder sues Cogent over 3M merger deal
[Thu, 02 Sep 2010 18:03:16 Z]
A shareholder of Cogent Inc has sued the company's board, saying it agreed to sell the maker of identification systems too cheaply to U.S. manufacturer 3M Co, according to a legal complaint
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Avis raises offer for Dollar Thrifty
[Thu, 02 Sep 2010 19:02:30 Z]
Car rental company Avis Budget Group Inc aised its bid for Dollar Thrifty Automotive Group 3 percent to US$1.35 billion, as it looks to wrest the company from rival Hertz Global Holdings
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Precious metals, fixed-income funds fared best in August
[Thu, 02 Sep 2010 18:02:35 Z]
Precious metals and fixed-income mutual funds fared best in August as investors sought refuge against a deluge of weak economic indicators, Morningstar Canada said in a monthly report Thursday
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Fed could not legally save Lehman: Bernanke
[Thu, 02 Sep 2010 15:02:21 Z]
Stressing the need for banks to hold more cash in reserve and face stricter regulations, the Federal Reserve chairman also told a panel investigating the causes of the economic crisis that the central bank’s policies did not spur the collapse
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