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Money - Feed
Find the latest news stories from London Free Press on the topic Money. |
 Facebook's debut is modest, high volumes cause problemsFacebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.
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 CP Rail CEO Fred Green quitsCanadian Pacific Railway Ltd Chief Executive Fred Green resigned on Thursday, handing activist shareholder William Ackman a clear victory after a bruising proxy battle for control of Canada’s second biggest railroad.
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 Caviar condos set to flood Toronto marketFive months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest city.
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 Loonie slides on political impasse in GreeceThe Canadian dollar erased earlier gains against its U.S. counterpart on Tuesday but surged to a 16-month high against the euro after Greece said it would hold new elections and worries mounted about its possible exit from the euro zone.
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 Yahoo investors applaud change, fear limboYahoo Inc’s choice of interim chief executive is a signal the company is returning to its roots selling brand advertising on its consumer websites, analysts say, even as a deal with an activist hedge fund raises new questions about its future.
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 Yahoo CEO out, investor Loeb gets board seatsYahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.
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 TSX rebounds after strong North American dataCanada's main stock index turned positive by mid-morning on Friday as constructive North American data helped to offset political uncertainty in Greece, negative economic surprises from China and shock trading losses at JPMorgan Chase.
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 JPMorgan $2 billion loss hits bank stocksJPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.
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 Good student debt, bad student debtIt wasn’t that long ago that high school seniors and their parents met astronomical college loans with a shrug and a signature: Whatever it took to send junior to his “first choice” school was a small price to pay.
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 Madoff trustee now seeks $255M from familyMembers of Bernard Madoff’s family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch’s Ponzi scheme and must return the benefits to victims.
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 TSX falls on euro zone worriesToronto’s main stock index fell sharply on Monday as oil and other resource-based commodities tumbled after Greek and French election results rattled investors.
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 Buffett plays down health concern, mulled megadealWarren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career.
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 This Bud's for you, London!One of the most popular brews in Canada is helping put London on the lips of beer drinkers across the provinces.
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 RIM shares crumble as demo devices fail to inspireShares of BlackBerry maker Research in Motion dipped to an eight-year low on Thursday, after this week’s demo of its make-or-break new operating system failed to inspire investors and tech gurus.
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 Facebook sets IPO range, seeks $95B valuationFacebook Inc plans to price its initial public offering at a high-$20 to mid-$30 per-share range, granting the world’s largest social network a valuation of as much as $95 billion, the Wall Street Journal cited sources as saying on Thursday.
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 Bank of Canada unveils new polymer $20Some bewildered Canadians have greeted them as funny money, but the Bank of Canada wants you to know they're counterfeit-fighters.
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 Facebook plans to raise up to $12B in mega IPOFacebook plans to raise as much as $12 billion in Silicon Valley’s largest IPO, dwarfing the coming-out parties of tech companies like Google and granting the world’s largest social network a market value close to Amazon.com’s.
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 Financial misdeeds paid for by poor: CarneyThe poor and the unemployed have paid a disproportionately high price for the failings of the financial world, Bank of Canada Governor Mark Carney says.
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 Caterpillar workers strike at Illinois plantAbout 800 workers at a Caterpillar plant in Joliet, Illinois went on strike early Tuesday morning less than two days after rejecting a six-year contract that included a $5,000 ratification payment and participation in the company’s annual bonus plan.
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 Sea change looming for Canadian covered bondsNew collateral requirements will open Canada’s bank-issued covered bonds to international investors, who have steered clear of the country’s bank debt up until now.
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 Feds to cooperate with SNC-Lavalin probeThe federal government said on Monday it will cooperate fully with investigations into alleged wrongdoing at engineering firm SNC-Lavalin and provide consular assistance to a former executive under arrest in Switzerland.
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 GDP drop cools talk of rate hikesCanada’s economy unexpectedly shrank in February, disappointing markets and cooling talk that the Bank of Canada could start raising interest rates in the near future.
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 BYOD raises legal issuesBYOD, or bring your own device, is a hot topic.
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 Ex SNC-Lavalin exec arrested in SwitzerlandA former executive for Montreal-based engineering giant SNC-Lavalin has been arrested and is being detained in Switzerland, Swiss media reported Sunday.
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 Nearly half of Cdns have yet to file taxes: ReportNearly half of Canadian tax filers have yet to submit their returns, a new CIBC report says.
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