London Stock Exchange is in merger talks with German rival Deutsche Boerse


London Stock Exchange Group PLC is within merger talks with Deutsche Boerse AG, a tie-up that will create one of the biggest exchange companies in the world. 'If the TSE went dark, would it really matter?': Exactly what the future holds for Canada’s stock exchanges Depressed commodities and the oil collapse have crimped the S&P/TSX composite’s performance – prompting questions ...

Read More »

Few positives seen for Valeant Pharmaceuticals International Inc ahead of March 15 conference call


Michael Pearson can always be looked at by a few because the best person to run Valeant Pharmaceuticals International Inc. moving forward, but that doesn’t mean the proportion price has room to operate higher anytime soon. Investors and analysts expect Valeant will lower its 2016 revenue guidance when it holds a rescheduled business call on March 15. However, the pharma ...

Read More »

Iron ore stages freakish rally: What you need to know before markets open


North American markets look set for a lesser open today after the S&P 500 logged its first four-day winning streak since October and the Dow closed above 17,000 on Friday the very first time since early January. European stocks fell like a stop by copper prices hurt shares of mining companies. Asian stocks hit two-month highs after China’s reassurances over ...

Read More »

Fitbit Inc’s Q1 profit forecast falls short of estimates, shares plunge


Wearable fitness device maker Fitbit Inc forecast current-quarter profit way below Wall Street expectations, as the company invests heavily to market its new products, sending its shares down 15 percent in after-hours trading. The weak forecast overshadowed bigger-than-expected quarterly revenue and profit, boosted by strong demand within the holiday shopping season. Fitbit said on Monday it expects adjusted profit of ...

Read More »

What you need to know before markets open


U.S. stock index futures were lower on Thursday, each day after the Federal Reserve’s lowered expectations of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this season. * The Fed, which left rates unchanged, pointed to moderate U.S. economic growth along with a strengthening labor market but cautioned about risks from an uncertain global ...

Read More »

How Valeant Pharmaceuticals International Inc got here: A timeline of takeovers and tumult


Valeant Pharmaceuticals International Inc, which has been under scrutiny over its pricing and accounting practices, cut its 2016 sales and earnings forecast on Monday, and said a delay in filing its annual report put it at risk of a default on its $30 billion debt. Recent years months for the troubled Canadian drugmaker have also place a question mark over ...

Read More »

Real estate equity funds on top when looking at 15-year returns


The past decade and a half appear to have been quite unkind to many Canadian equity fund investors, as well as worse to people invested elsewhere. Actually, performance figures for that 15-year period through December 2015 show fixed-income funds fared nearly as well and in some cases better than their stock-driven kin. Overall, Canadian equity funds averaged a substance annual ...

Read More »

Bill Ackman says Pershing Square will get more involved in Valeant after losing US$1 billion in one day


Billionaire investor Bill Ackman’s Pershing Square Capital Management LP said hello will require a much larger role at Valeant Pharmaceuticals International Inc., after losing about US$1 billion right away following a drugmaker’s 49 per cent stock drop Tuesday. “We are going to take a much more proactive role in the company to protect and increase the value of our investment,” ...

Read More »