Category: Investment

Toronto buy now, pay later company PayBright to be bought by U.S.’s Affirm for $340M

CanadianInvestor
Toronto buy now, pay later company PayBright to be bought by U.S.’s Affirm for $340M
  TORONTO — One of Canada’s top buy now, pay later finance companies is being purchased by an American rival. San Francisco-based Affirm says it has a reached a deal to buy Toronto’s PayBright for $340 million. Affirm and PayBright both allow consumers to buy products at big-name retailers through instalment payment plans and have focused largely on brands selling... Read More

BlackBerry shares soar in wake of Amazon deal to develop vehicle data platform

CanadianInvestor
BlackBerry shares soar in wake of Amazon deal to develop vehicle data platform
  WATERLOO, Ont. — Shares in BlackBerry Ltd. gained nearly 40 per cent in the wake of a deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, IVY. Financial terms of the multi-year agreement were not immediately available. The company says BlackBerry IVY is a cloud-connected software platform that helps provide a secure way to... Read More

Imperial Oil to write off up to $1.2 billion in Alberta natural gas assets

CanadianInvestor
Imperial Oil to write off up to $1.2 billion in Alberta natural gas assets
CALGARY — Shares in Imperial Oil Ltd. were rising after it announced late Monday it would write down up to $1.2 billion on Canadian assets it doesn’t think it will ever develop. In a brief news release, it said it has reassessed the long-term development plans of its unconventional natural gas portfolio in Alberta and no longer plans to develop... Read More

S&P/TSX composite surges higher in early trading, U.S. stock markets climb

CanadianInvestor
S&P/TSX composite surges higher in early trading, U.S. stock markets climb
OTTAWA — Canada’s main stock index climbed more than 200 points in early trading, fuelled by a broad-based rally led by the financial, energy and metals and mining sectors. The S&P/TSX composite index was up 230.91 points at 17,421.16. In New York, the Dow Jones industrial average was up 262.49 points at 29,901.13. The S&P 500 index was up 30.53... Read More

Nasdaq seeks more diverse boards from listed companies

CanadianInvestor
Nasdaq seeks more diverse boards from listed companies
Nasdaq is seeking U.S. authority to require more diversity in the board rooms of Nasdaq-listed companies. It is the first major exchange to pursue such a requirment. The proposal filed with the U.S. Securities and Exchange Commission on Tuesday, if approved, would require all companies listed on the exchange to publicly disclose consistent, transparent diversity statistics about their board of... Read More

BMO Financial Group reports Q4 profit climbed to nearly $1.6B, beats expectations

CanadianInvestor
BMO Financial Group reports Q4 profit climbed to nearly $1.6B, beats expectations
TORONTO — BMO Financial Group beat expectations as it reported a fourth-quarter profit of nearly $1.6 billion, up from nearly $1.2 billion a year ago. The bank says the profit amounted to $2.37 per share for the quarter ended Oct. 31, up from $1.78 per share in the same quarter last year. Revenue totalled nearly $6 billion, down from almost... Read More

Penguin to buy Simon & Schuster, create publishing giant

CanadianInvestor
Penguin to buy Simon & Schuster, create publishing giant
  BERLIN — German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster, in a megadeal that would reshape the U.S. publishing industry. Penguin Random House, already the largest American publisher, will buy the New York-based Simon & Schuster, whose authors include Stephen King, Hillary Clinton and John Irving, from TV and... Read More

Private Jet Charter Company, Announces Record Revenue Third Quarter 2020, Up 245% From Same Quarter Last Year

Editor
Private Jet Charter Company, Announces Record Revenue Third Quarter 2020, Up 245% From Same Quarter Last Year
NEW YORK – Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announced that the Company booked in excess of $3,000,000 million for the third quarter of 2020; an increase in sales from the same quarter last year of 245%. The global Covid-19 pandemic increased revenue as the demand for private air travel shows no signs of... Read More

New Leaf Ventures Launches into Cannabis Infused Edible Products Market

Editor
New Leaf Ventures Launches into Cannabis Infused Edible Products Market
VANCOUVER – New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector is pleased to announce its New Leaf USA venture with brand license operator New Leaf Enterprises have expanded operations to roll out an all-new line of premium infused edibles under the... Read More