News

Herbalife Ltd tumbles after revealing it misstated two dozen statistics, including member growth

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Herbalife Ltd. tumbled after saying it overstated the development of its customer and distributor base, bringing another headache to some company facing a federal investigation into whether it’s a pyramid scheme. A metric called active new members increased 3.2 per cent worldwide in the fourth quarter from the year earlier, not the 16.7 percent cited on a Feb. 25 conference ...

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How to read between the lines of China’s latest Five-Year Plan

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If you’d other activities to get this done weekend, like taking the kids to hockey, planning that last-minute winter vacation, or organizing your sock drawer, you might have missed the annual National People’s Congress taking place in Beijing. The NPC is ostensibly the ultimate decision-making body in China, which meets annually to review and set government policy. Obviously, this is ...

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Valeant to restate earnings after internal review, likely linked to Philidor sales: report

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Valeant Pharmaceuticals International Inc is anticipated to restate its earnings after an internal review that likely concerns sales of its drugs to specialty pharmacy Philidor Rx Services, CNBC reported, citing Dow Jones. Valeant cut ties with Philidor in October after it had been revealed Philidor used aggressive tactics to try to increase insurer reimbursement, mostly for dermatology drugs to assist ...

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U.S. crude breaks through US$40 as oil rallies for second day on optimism for producer meeting

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NEW YORK – Oil surged above US$40 a barrel in Ny the very first time since December as central banks?in the U.S. to Norway signaled they will still provide economic stimulus to support demand. A weaker dollar after a Federal Reserve policy decision on Wednesday that indicated two U.S. rate hikes this season rather than four also drew oil buyers ...

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Two tales of preferred redemption, Rona and RioCan REIT

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The parallels between the the situation is very striking. What’s decidedly different may be the way in which the scenarios – two about-to-be-maturing issues of rate-reset preferred shares – unfolded. Prior towards the announcements the two preferreds – like most other pref issues – were trading in a deep discount to their issue price and to their maturity value. Following ...

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How the Mawer New Canada Fund averaged 16% returns — for 15 years

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Mawer Investment Management Ltd. is on a nice run. Its New Canada Fund has developed in the black for 14 from the last 15 years, with 2008 its only drop in to the red, and much more recently, it’s soared. But simply how has has the Calgary-based fund were able to beat the pants off its peers with such consistency ...

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Toronto-Dominion Bank, Mackenzie Investments to start Canadian bond, equity ETFs

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The exchange-traded fund marketplace in Canada is going to have more crowded, with Mackenzie Investments starting four fixed-income products and Toronto-Dominion Bank set to rejoin the after exiting about ten years ago. Toronto-Dominion has filed documents for six new ETFs, including an international Canadian-dollar hedged equity fund and something Canadian bond ETF, based on filings with Canadian regulators. TD Asset ...

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Goldman Sachs abandons five of six top trading calls for 2016 as turmoil hits markets

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Goldman Sachs Group Inc. has exited five of six top trading recommendations for one year afterwards they were thwarted by financial-market turmoil associated with signs of a slowdown in global economic growth. The New York-based bank closed its call for dollar strength versus an equally weighted basket of the euro and yen, recording a potential loss of about 5 per ...

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