Connect to share and comment

Desmarais brothers' compensation surged 35 per cent to $7.7 million each in 2013

MONTREAL - Power Corp. is urging its shareholders to once again reject a proposal that would allowing them a say on the way its top executives are paid. The shareholder rights group MEDAC is urging the Montreal-based firm (TSX:POW) to conduct an advisory vote by shareholders, as scores of companies do including Canada's large banks. A similar proposal last year was rejected.

Johnson & Johnson's Q1 profit rises 8 pct on lower spending, surge in prescription drug sales

A turnaround in Johnson The world's biggest maker of health care products beat Wall Street expectations and raised its earnings outlook Tuesday. The maker of Band-Aids and biologic drugs said net income was $4.73 billion, or $1.64 per share, up from $3.5 billion, or $1.22 per share, a year earlier. Excluding one-time items, income was $4.43 billion, or $1.54 per share. Analysts expected $1.48. The New Brunswick, N.J., company said revenue totalled $18.12 billion, up 3.5 per cent. Analysts expected $18.04 billion.

Stradivarius viola could sell for $45 million

A rare Stradivarius viola valued at $45 million (32.6 million euros) could become the most expensive musical instrument ever sold when it is auctioned later this year. Auction house Sotheby's has invited sealed bids to be received by June 26 for the nearly 300 year-old instrument made by the Italian master craftsman Antonio Stradivari in 1719. Musical instrument expert Tim Ingles described the sale of the instrument, one of only 10 Stradivarius violas still in existence, as a "once in a lifetime" event.

Zebra to spend $3.45 billion on Motorola's enterprise business in significant expansion

LINCOLNSHIRE, Ill. - Zebra Technologies will spend more than $3 billion to buy the enterprise business of Motorola Solutions in a considerable expansion that is both technological and geographical. The acquisition would broaden the bar-code company's logistics capabilities and create or expand its footprint in more than 100 countries. Motorola's enterprise business makes hand-held bar code scanners and mobile and tablet computers, among other products. Zebra Technologies Inc. also makes plastic cards and, radio-frequency identification tags.

KT to raise US$1 bln via debt sales

By Kang Yoon-seung SEOUL, April 15 (Yonhap) -- South Korea's top fixed-line operator, KT Corp., said Tuesday it will raise US$1 billion by selling bonds to overseas investors as it aims to raise cash for debt payments in the coming months. Of the amount, $650 million will mature in three years and the remaining $350 million in five years. The three-year bonds will carry an interest rate 100 basis points above the yield on three-year U.S. Treasurys. The rate of the five-year bonds will be 110 basis points higher than the government bonds of the same maturity.

KT to raise US$1 bln via debt sales

By Kang Yoon-seung SEOUL, April 15 (Yonhap) -- South Korea's top fixed-line operator, KT Corp., said Tuesday it will raise US$1 billion by selling bonds to overseas investors as it aims to raise cash for debt payments in the coming months. Of the amount, $650 million will mature in three years and the remaining $350 million in five years. The three-year bonds will carry an interest rate 100 basis points above the yield on three-year U.S. Treasurys. The rate of the five-year bonds will be 110 basis points higher than the government bonds of the same maturity.

Oil falls below $104 ahead of talks on Ukraine crisis

The price of oil fell Tuesday ahead of talks in Switzerland that might help defuse tension between the West and Russia over Ukraine. Benchmark U.S. crude for May delivery was down 68 cents to US$103.39 at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to close Monday at $104.05. Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in Ukraine following its annexation of Crimea.

'Captain America,' 'Rio 2' top box office in springtime battle of sequels

NEW YORK, N.Y. - In a springtime battle of sequels, "Captain America: The Winter Soldier" stayed strong enough to narrowly triumph over the debut of "Rio 2." According to Monday's final box office figures, the Disney's Marvel superhero sequel took in $41.3 million in its second weekend of release. Fox's animated family film "Rio 2" opened with $39.3 million.

Wynne promises $29B over 10 years for transit, transportation; details in budget

TORONTO - The governing Liberals are promising to pave the way for $29 billion to be spent on new transit and transportation infrastructure in Ontario over the next decade, but they aren't rolling out the entire blueprint yet. Some of the money will come from re-routing about $1.3 billion a year in gas taxes, Premier Kathleen Wynne said Monday. The remainder will be raised through debt — including green bonds — and new "revenue tools" that will be kept under wraps until the budget is tabled.

CBO slightly lowers U.S. deficit estimates as health subsidies fall

By David Lawder and David Morgan WASHINGTON (Reuters) - Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.
Syndicate content