Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Saturday, February 19, 2011

Gbagbo's forces dispersed demonstrators

ABIDJAN - The security forces loyal to Ivorian President Laurent Gbagbo out Saturday in Abidjan dispersed supporters of Alassane Ouattara, leader of the state recognized by the international community that would respond to the call for a "revolution" in Egypt.
"Enough is enough, Gbagbo released" almost three months after the election on November 28 that plunged the country into a serious crisis, the camp Ouattara wanted by this operation follow the footsteps of the Tunisians and Egyptians to hunt out .

The PQ and oil Anticosti

According to Pauline Marois, the sale by Hydro-Québec of its oil rights to the company Petrolia will lose hundreds of billions of dollars to Quebec. This would actually be $ 240 billion, since it is the value of oil that would contain the island, as estimated by Petrolia. For Ms. Marois, the presumed value of property alleged translates directly into less revenue for government. What is somewhat surprising.
In the same breath, without seeing any contradiction there, it requires a thorough study of the BAPE before the start of exploration. Question: we drill or not drill or not Ms. Marois? Because if we do not drill, I wonder what is this talk about the hundreds of billions lost.

Tuesday, February 15, 2011

Laurentian Bank: Réjean Robitaille won $ 2.2 million in 2010

Chairman and CEO of Laurentian Bank, Réjean Robitaille, received a remuneration of $ 2,236,347 in 2010, according to the circular direction made public to the meeting of shareholders.
This is an increase of 15%, compared to $ 1,944,884 he earned in 2009. Réjean Robitaille, however, had received slightly more in 2008, $ 2,288,279.
The second member of the highest paid executive in 2010 is François Desjardins, senior vice president and president and CEO of B2B Trust. He earned $ 1,179,866, up 74% from last year. The increase was 9% excluding the special allocation of $ 319,000 in 2010 to regularize the situation surrounding its hosting in Toronto and traveling between Montreal and Toronto for the period from July 2004 to April 2010 .

Monday, February 14, 2011

China, 2nd largest economy in the world

The Chinese giant just robbed the place in Japan and should continue to gain momentum. China officially became Monday the second world economy. Its gross domestic product, that is to say all the riches that the country has produced over one year amounted to 4.372 billion euros in 2010, up more than 10% over the Fiscal Year 2009. For comparison, the GDP of France amounted in 2009 to 2,584,000,000 euros, the U.S. should be around 11,000 billion euros in 2010.

Thursday, February 10, 2011

Encana going into the red in 4Q expectations and disappoints

MONTREAL - The Canadian group Encana second largest gas producer in North America, has suffered a loss of 42 million U.S. dollars in the fourth quarter due to weak sales price of gas, "he said Thursday in a statement.
These results contrast with the net profit of $ 233 million EnCana had recorded the same period of 2009.
They did not stop the action of Encana to jump over 6% on the Toronto Stock Exchange as investors reacted positively to the group's decision to sell 50% of a shale gas project in Western Canadian subsidiary of Chinese giant PetroChina, for 5.4 billion Canadian dollars (all in U.S. dollars).

Fusion London-Toronto: the two companies will have to convince investors

The stock exchanges in London and Toronto will have more to do to convince investors of TMX Group and regulators give the green light to their proposed merger. Nothing is won yet, analysts believe the TD Securities and National Bank Financial.
The offer to shareholders is not that good, "said Doug Young, an analyst at TD Securities. Mr. Young estimated that 75% chance that the merger succeeds. "The premium received by investors remains small, especially since they will likely accept a lower dividend," he notes. The offer is less generous than the one made in similar transactions. These conditions occur while the outlook for TMX Group is improving. "

Montreal will win the merger

It was quite ironic that the CEOs of stock exchanges in London and Toronto to speak at the press conference announcing their intention to merge. While the CEO of the Toronto Stock Exchange, Tom Kloet, addressed the media in English only, the CEO of the London Stock Exchange, French Xavier Rollet, chose to speak first in French. In the opinion of many experts, this unusual situation where a foreigner speaks both official languages better than a local boss, a good illustration could represent the chance to finance the sale of the Montreal TMX to a European entity that will make the world specialist in mining.

Wednesday, February 9, 2011

Fusion TMX Group and the London Stock Exchange

It's confirmed, the London Stock Exchange announced it had reached agreement with the executive of TMX Group, Toronto, for a merger between two companies, early Wednesday morning.
The LSE has made a bid of major importance for Canada: it wants to buy the TSX.
When the transaction is completed, shareholders of London Stock Exchange Group (lseg) will own 55% of the merged group, while those of TMX will have 45%.

Canada needs to produce and export more

A report said that the country should thoroughly review its food policies.
The agri-food industry would be at risk, says a report by an independent body, the Canadian Agricultural Policy Institute (CAPI). This indicates that Canada should review thoroughly its policies affecting all stakeholders in the sector, otherwise the country risks becoming less competitive as an exporter food and may even have difficulty feeding its population. The agrifood sector accounts for 8.2% of gross domestic product (GDP) and is the largest employer in the country.

Tuesday, February 8, 2011

The beginnings of a revolution journalism "

(Montreal) The redemption of the Huffington Post by AOL comes as the media landscape undergoes a profound change, the United States and elsewhere.
In just five short years, advertising revenues have moved en masse to the internet newspaper. According to latest data from the firm ZenithOptimedia, advertisers spent $ 51.5 billion U.S. in 2006 in U.S. newspapers - a record - against just 29.7 billion last year. And investment should melt to 23.9 billion in 2013.

For or against?

The possible transport of 16 steam generators used radioactive Seaway Saint Lawrence to Sweden to be recycled raises several reactions in the region.
In Bécancour Mayor Maurice Richard is not at all worried, instead of the Association of Mayors of the Great Lakes and St. Lawrence River, which fears an accident could occur, which could cause contamination during water by radioactive materials.

Hasbro: profits fall 16%

The toymaker Hasbro (NYSE: HAS) saw its net income fall 16 percent in the fourth quarter, when demand dropped games to the United States.The fourth quarter is critical for U.S. toy manufacturers since it includes the holiday season year end, which is sometimes almost a third of their annual income. 
Hasbro said Monday it posted a net profit of U.S. $ 140 million, or 99 cents per share, during the three months ended Dec. 26, compared to net income of U.S. $ 165.6 million, or 1, $ 09 per share, realized during the same quarter a year ago.

Monday, February 7, 2011

AOL lays hands on the Huffington Post

AOL inc. announced the acquisition of the website The Huffington Post for U.S. $ 315 million, while the spinoff of Time Warner increased its investment in online content to boost its advertising revenue growth.The offer includes about U.S. $ 300 million in cash and the transaction should be completed by the end of first quarter or early in the second quarter, AOL said in a statement. The co-founder of the Huffington Post, Arianna Huffington, will become president and editor of Huffington Post Media Group.

Stock Exchange: cyber attacks concern to governments

The British and American authorities have appealed to specialized security services after finding cyber attacks against their terrorist nature exchanges last year.
For hackers, the target market is trendy. Latest victim: the Nasdaq. "As part of our routine security checks, we have detected suspicious files on our servers and we concluded that our online software Directors Desk was potentially affected," the company said Nasdaq OMX in a statement. "There is no evidence at this stage that hackers have gained access to customer data Directors Desk or seize it," trying to reassure the exchange company.

Building permits: major setback in Quebec

The value of building permits in Quebec received a significant decline of 20.2% in December from the previous month, according to data recorded by Statistics Canada released today.The value of building permits was $ 1.04 billion last month in the province, compared to $ 1.3 billion in November.The fall was mainly non-residential sector, where the value of building permits increased from $ 550.8 to 252,500,000 in a month.

Saturday, February 5, 2011

Canada and the United States: two labor markets at odds

The unemployment rate rose in January in Canada and in its separate company while it declined in the United States.
Yet the labor market has improved further on this side of the border while the messengers and blizzards have forced construction workers unemployed and convinced hundreds of thousands of Americans to wait until warmer weather to get back to actively seek work.

Wall Street ends slightly higher after the employment figures mixed

U.S. places closed on a small gain on Friday while the number of jobs created in January disappointed investors.
Wall Street ended the week on a small rise on Friday after the publication of official statistics of the labor market. If the unemployment rate has dropped innattendue, the number of jobs created is below expectations. The market absorbed this report rather disappointing because the operators expect new measures to support the Federal Reserve as its chairman Ben Bernanke has already ruled that the institution should continue to support the economy.

Gasoline Prices: Quebec will go to the Board

The Minister of Natural Resources, Nathalie Normandeau, said she was "shocked by the very large fluctuations" of gasoline prices in Quebec and will request a new report on the matter to the Régie. Mrs. Normandeau was reacting to a study by the CAA-Quebec revealing difficult to explain disparities between gasoline prices in Montreal and Quebec and those in the region.

Friday, February 4, 2011

The unemployment rate rose to 7.8% in January

OTTAWA - The unemployment rate in Canada rose to 7.8% in January, according to Statistics Canada.The rate has increased by 0.2% compared to December.According to the federal agency, the rate increased in the country "because more people are looking for work. " Economists had forecast a rate of 7.6%.

Residential construction in Turmoil

(Shawinigan) Ville de Shawinigan issued for a value of just over $ 66 million in permits in 2010, which is the third best performance since the merger in 2002.
This time, however, statistics have been inflated by a center or a megaproject Bionest as the Gardens of the Campanile.
Residential construction as a locomotive, with the issuance of 115 permits for a total value of $ 22.6 million, the highest since 2006. These investments have enabled the creation of 161 housing units.