TSX surged by 5 percent after an eight-month low the week before
The Canadian TSX Index surged on Monday to its highest point in a week, with a rise in the bullion price and Valeant Pharmaceuticals...
Apple Inc. reports impressive profit and revenue in its fourth quarter
Apple Inc. reported net profit of $8.5 billion (a 12.7% increase) and revenue of $42.1 billion (up 12.4%) in its fourth quarter.
The company reported...
Mitel makes $540m acquisition offer for ShoreTel
Ottawa-based business communications services provider Mitel Networks Corp. has made a $540 million acquisition offer for ShoreTel Inc. as part of its strategy to...
Valeant posts excellent third quarter figures
Valeant Pharmaceuticals International Inc. posted surprisingly strong third quarter figures, despite Allergan’s claim that its business model is unsustainable.
Total revenue grew by 33% compared...
Electrolux figures boosted by European rebound
Stockholm-based multinational appliance manufacturer AB Electrolux posted 42% higher profit for Q3 on Monday, citing a European recovery in business activity despite tough trading...
French and German ministers meeting to discuss growth
French and German finance and economy ministers are to meet on Monday to discuss growth, spending and France's budget deficit following a week of...
Rosengren says Fed should end bond-purchasing program
President of the Federal Reserve Bank of Boston, Eric Rosengren, has said that the Fed should not let the recent financial market turmoil affect...
US companies less optimistic about sales and hiring in third quarter
A new survey has revealed that US corporations are less optimistic about sales and hiring in the third quarter, with poor European economic performance...
Wal-Mart reduces its full-year sales forecast
The world’s largest retailer, Wal-Mart, has planned capital spending between $10.6 to $11.6 billion for 2016, below its projection of $11.3 to $11.8 billion...
Investors to make a $2.2 billion bid for Adidas AG’s Reebok unit
A group of investors are going to bid around 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit, based in Canton, Massachusetts.
Funds affiliated...