Apple profits push stock up, on a rainy day
It was another rainy day on the North American stock markets today, with triple digit losses. Somebody screamed ‘FIRE’, on increasing concerns about the mortgage and corporate lending markets in the United States. Anxiety built up after the U.S. Commerce Department reported sales of new homes down 6.6 percent last month. Eventually we had investors [...]
Dollar soars to 30-year high, TSX plummets
The Canadian dollar continues to experience record highs as retail sales were reported strong today. The loonie was pushed up 0.88 of a cent to 96.39 US cents today. The dollar has risen 10.8 percent this year, and is currently at its highest levels since May 1977.
The strong dollar, a blowout May retail sales report, [...]
Amazon.com delivers, shares jump
Amazon.com Inc. reported quarterly net profit today, which rose an astonishing 250 percent, as sales in its home market jumped. Consequently, shares were sent up nearly 13 percent. It was indeed an amazing performance.
Net income in the second quarter rose to $78 million, or 19 cents per share, compared with $22 million, or 5 cents [...]
American Airlines shares rocket on takeover talk
Shares of AMR Corp., parent company of American Airlines, rose more than 7 percent Monday on the basis of possible, but persistent takeover of the company.
American was among several US airlines, earlier this year, said to have been looking for merger partners. There were also speculations of major airlines like American, to be potential [...]
Canadian Pacific Railway takeover bid rumors most likely false
Canadian stocks jumped their highest since January on speculations of a Canadian Pacific Railway Ltd. takeover, as the company confirmed it received a bid earlier this year from Brookfield Asset Managment Inc. (one of Canada’s largest investment companies). Brookfield, along with American investment bank Goldman Sachs and Quebec’s Caisse de Depot pension fund, is [...]
« go back