Sears Holdings to cut stake in Sears Canada to 51%, may sell rest of its stock
TORONTO - Sears Canada says its U.S. parent will dramatically reduce its holdings in the troubled department store chain and may sell all of its stake.
About 95 per cent of the common shares of Sears Canada are currently owned by Sears Holdings Corp.
Sears Canada (TSX:SCC) says its parent pl...
Thursday , May 17, 2012
Japan economy grows at 4.1 per cent annualized rate January-March amid disaster recovery
TOKYO - Japan’s economy grew an at annual rate of 4.1 per cent in the first quarter amid a gradual recovery from last year’s catastrophic earthquake and tsunami.
The Cabinet Office said Thursday that the preliminary growth figures showed that a rebound in consumer spending was lifting the wo...
Wednesday, May 16, 2012
Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,326.08, down 16.97 points):
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Unchanged at $1.43 on 9,286,249 shares.
Aura Minerals Inc. (TSX:ORA). M...
Wednesday, May 16, 2012
Homebuilding, factory output gains show economy may be strengthening after early spring slump
WASHINGTON - Maybe the U.S. economy’s strength this winter wasn’t just weather-related after all.
Home construction is near a three-year high. And factory output has risen in three of the year’s first four months.
The data released Wednesday suggest growth in the April-June quarter is off to...
Wednesday, May 16, 2012
Skechers to pay $40M to settle government charges over claim shoes toned muscles
WASHINGTON - The government wants you to know that simply sporting a pair of Skechers’ fitness shoes is not going to get you Kim Kardashian’s curves or Brooke Burke’s toned tush.
Skechers USA Inc. will pay $40 million to settle charges by the Federal Trade Commission that the footwear compan...
Wednesday, May 16, 2012
