General Motors (GM) was recently in talks with the trade union, Unifor, to discuss a new employment contract. Unifor started 2013 as a merger of the Canadian Auto Workers and Communications, Energy and Paperworkers unions. This new union consists of 300,000 workers and associate members in industries ranging from manufacturing and media to forestry […]
Last week on Thursday Wells Fargo (WFC) came to an agreement with the Consumer Financial Protection Bureau (CFPB), the office of the Comptroller of the Currency (OCC) and the Los Angeles attorney office over allegations that it opened ghost accounts on behalf of clients without the clients even knowing about them. The bank will pay a […]
Canadian pipeline operator Enbridge Inc. (ENB) on Tuesday agreed to buy Spectra Energy Corp. (SE) based out of Houston in an all-stock deal valued at about $28 billion US. This deal would create a North American energy-infrastructure giant at a time when growth is challenged by lower oil and gas prices and more stringent regulatory rules. Enbridge […]
A potentially large agribusiness merger in the United States has been blocked this week as the Obama administration stepped in to prevent Deere & Company (DE) from buying one of Monsanto’s operations.
Deere & Co is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and […]
Dollarama Inc, (TSE:DOL) is a holding Company headquartered in Quebec, Canada, that operates discount retailers, AKA dollar stores. The stock is up 22% so far this year and earlier this week it broke through the $100 mark for the first time ever on strong earnings report.
The company earned a respectable $0.68 per share. To […]
Cisco Systems, Inc. (CSCO) has released its financial earnings for its fourth fiscal quarter and posted earnings per share of $0.63. Its total revenue for the quarter was $12.6 billion. Both numbers are in line with analyst’s estimates. The consensus called for $12.57 billion in revenue, and $0.60 per share of earnings. Some analysts […]
Alibaba Group Holding Limited (BABA) shares climbed this week as it released its quarterly financials and surprised Wall St. analysts. Income was $4.8 billion, an increase of 59% year-over-year. In just the last 5 trading days alone (BABA) has increased by 16% finishing the week at $98.25 per share. Over the past 5 years […]
Lululemon Athletica inc. (LULU) started out in 1998 as a simple clothing store in Vancouver, Canada that sold yoga wear. In 2008 it hired the former co-president of Starbucks International, Christine Day, to be its CEO. Since then Lululemon has grown to be a ten billion dollar business selling athletic clothing. The brand has […]
Tech giant Apple (AAPL) has released its highly anticipated quarterly results earlier this week. Analysts as well as investors have weighed in on the company that makes the popular iPhone, and both liked what they see. Apple posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted […]
No country is immune to economic turmoil. Venezuela was once known to be a rich country. But things gradually changed when failed government policies and central planning took over starting in the 1990s. The last straw to break the camel’s back was the falling price of oil in recent years. Food shortages, weak oil […]