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Bombardier Inc. net profit down in Q1 but revenue soars to US$4.3B

MONTREAL - Bombardier's revenues surged 25 per cent in the first-quarter on higher-than-expected aircraft deliveries, while the aerospace and transportation giant said its CSeries commercial aircraft remains on target for its first flight next month. Chief executive Pierre Beaudoin told the company's annual meeting that Bombardier is at a "pivotal point" as several of its development projects, including the CSeries will begin to generate revenues and profits. "This is great news for shareholders," he told shareholders.

Dubai Group creditors to own equity stake post-$10 billion deal

DUBAI (Reuters) - Dubai Group will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, the chief executive of parent Dubai Holding said in an interview on Thursday. Dubai Group, a unit of Dubai Holding, the investment arm of the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum, expects to sign an agreement with its creditors on the debt restructuring in six weeks, Ahmad Bin Byat said.

Payout pitfalls: The secret number behind your dividends

By Chris Taylor NEW YORK (Reuters) - If there is a stock market superhero these days, it is the humble dividend. The companies in the Standard & Poor's 500 Index doled out a record $281.5 billion in dividends in 2012, and payouts in 2013 are slated to rise even higher.

Regulators eye troubling credentials for advising seniors

By Suzanne Barlyn NEW YORK (Reuters) - Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.

U.S. regulator warns about misleading investors in non-traded REITs

By Suzanne Barlyn (Reuters) - The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice.

Selling in May can hurt in harsher equities world

By Atul Prakash LONDON (Reuters) - Seasonal trading in equities has lost its luster in the financial crisis, with investors far less likely to "sell in May and go away" than to stay alert for bank busts, bailouts and central bank bonanzas. The relevance of the century-old phrase suggesting a summer trading lull, along with others like "the January effect" and "year-end bounce" has diminished and, say many, is a relic of a world that has largely disappeared.

German finance minister: no chance Swiss tax deal can be renegotiated

BERLIN (Reuters) - Germany's finance minister sees no chance of renegotiating a failed bilateral deal with Switzerland that would have sought to sweep Swiss accounts clean of German tax dodgers, even after the country's foreign minister renewed his calls for a second try. Finance Minister Wolfgang Schaeuble was quoted as saying on Saturday Switzerland would not be able to retroactively change laws to lift tax secrecy, one of the reasons for Germany's opposition to block the deal last year.

CBOE blames second outage on move to longer trading day

By Ann Saphir (Reuters) - The Chicago Board Options Exchange blamed its second outage in a week on fallout from preparations for expanding trading hours, but executives said they had no plans to abandon the longer trading day and will hire an outside consultant to help.

Tories create team to go after tax cheats and pour $30 million into the cause

OTTAWA - The Conservatives are beefing up the tools used to go after tax cheats in the hopes of recovering billions in lost revenue. A team of six to 10 bureaucrats will be assigned to work only on pinpointing tax evaders and their efforts will be backed by $30 million over the next five years for new technology and other tools required for the hunt. "Anyone trying to hide large sums of money offshore should know this — they should declare all their assets now before the agency comes after them," Revenue Minister Gail Shea said Wednesday.

UK government may sell $62 billion student loan book: report

LONDON (Reuters) - Britain's government is considering whether to sell its 40 billion pound ($62 billion) student loan book as part of a series of privatizations that includes selling off the Royal Mail Group <GBPO.UL>, the Sunday Times newspaper said. The government is testing the market with the sale of a 900 million pound tranche of loans, which was announced by Business Secretary Vince Cable on March 26. The newspaper said that the government was now looking at wholesale privatization.
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