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Money - Feed
Find the latest news stories from Toronto Sun on the topic Money. |
 Facebook sinks below IPO price
[Video]Facebook stock sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down nearly 25% from where they were Friday afternoon.
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 Historic Facebook debut falls flatThe historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
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 Gold gains help TSX shrug off U.S., Europe worriesToronto's main stock index rebounded on Thursday a day after hitting a 2012 low, as gains from gold miners offset soft U.S. economic data and mounting worries about turmoil in Greece and Europe's fragile banking sector.
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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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 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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 Six ways to fight coming bear bond marketBrace yourselves, bond investors: Fixed-income experts warn that a long bear market lies ahead. Long-term bond returns will be modest at best, and negative at worst.
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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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 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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 What's the value of a college degree?How much is that college degree really worth? That depends on your major. It turns out that some undergraduate and graduate diplomas are worth a lot more during a lifetime of work.
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 Huge selling bonus for Astal prezTelecom giant Bell Canada Inc. is facing criticism for the $25-million bonus that Astral president Ian Greenberg will get as part of a deal to acquire his media company.
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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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 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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 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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 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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 Feds to co-operate 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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 Retailers feeling positive about next 12 months: SurveyRetailers are feeling good about the year ahead, a new survey shows.
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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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 Blu-ray, digital sales offset DVD declineHollywood may be seeing a turnaround in a seven-year decline of home video sales, thanks to double-digit sales growth of Blu-ray discs and online movies and TV shows, an industry trade group is expected to announce on Sunday night.
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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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 When your credit card is deniedConsidering how often Marjorie Asturias's credit card charges have been denied recently, you'd think she was a notorious scammer, or an international art thief.
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 Wal-Mart reveals lawyers, accountants on FCPA issuesWal-Mart Stores Inc said on Wednesday that it named a former U.S. attorney earlier this year to oversee global compliance with a U.S. bribery law, as it deals with the fallout over alleged bribes in Mexico that recently came to light.
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 Nearly half of Canadians 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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 Dealing with grandma's thingsWhen an older relative dies, the family often finds itself with the stamp collections, Queen Anne furniture and stacks of old TV Guides that piled up over a lifetime.
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 We're happy with our jobs: SurveyOne-third of Canadians are very satisfied with their current employer, a new survey has found.
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 Poor returns from soaking the richA much-discussed paper written last fall by economists Peter Diamond and Emmanuel Saez suggested, as one of its central propositions, to raise the tax rate of top earners in the U.S. as high as 70% - double the current marginal rate.
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