Yahoo agrees to sell half of its stake in Alibaba for about $7.1 billion
Kelvin Chan, The Associated Press
21 May, 2012 0
HONG KONG - Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders. The deal, announced Sunday in the U.S., will see Alibaba Group buying bac
China's premier calls for higher priority on economic growth amid slowdown
The Associated Press
20 May, 2012 0
BEIJING, China - Premier Wen Jiabao called for more priority to be given to boosting China's slowing economic growth, a state news agency reported Sunday, after unusually weak industrial activity in April prompted alarm about the world's second-largest economy. During a weekend trip to the industria
Eurozone worries to pressure stocks, loonie; traders look to bank earnings
Malcolm Morrison, The Canadian Press
20 May, 2012 0
TORONTO - Traders can look forward to what will likely be another week of high anxiety after worries about the eurozone continued to erode gains on the TSX last week. But there will be some distraction during a shortened trading week in Canada in the form of quarterly earnings reports from some of t
Facebook debut as a public company fails to pop as stock closes nearly flat
Barbara Ortutay, The Associated Press
19 May, 2012 0
NEW YORK, N.Y. - In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering. "Right now this all seems like a big
GM to stop advertising on Super Bowl; says price hike makes ads too expensive
Tom Krisher, The Associated Press
18 May, 2012 3
DETROIT - For General Motors, the price isn't right when it comes to an ad during next year's Super Bowl. The Detroit automaker said Friday that it won't be advertising on the Feb. 3 spectacle because of a steep price hike demanded by CBS, the network broadcasting the game. "We understand the reach
Most actively traded companies on the TSX, TSX Venture Exchange markets
The Canadian Press
18 May, 2012 0
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,280.64, down 50.04 points): Mercator Minerals Ltd. (TSX:ML). Miner. Up two cents, or 3.39 per cent, at 61 cents on 8,444,060 shares. Cott Corp. (TSX:BCB).
TSX slides amid lower commodities, Facebook stalls after surging in market debut
Malcolm Morrison, The Canadian Press
18 May, 2012 0
TORONTO - The Toronto stock market gave up early solid gains to close lower Friday as traders increasingly nervous about the future of the eurozone reduced exposure ahead of the Victoria Day long weekend. Facebookâs debut as a public company had helped overshadow news out of Europe, at least tempora
Loonie moves lower amid falling oil prices, nervousness about future of eurozone
Malcolm Morrison, The Canadian Press
18 May, 2012 0
TORONTO - The Canadian dollar gave up early gains to close lower Friday amid nervousness about the future of the eurozone while oil and copper prices moved further into multi-month lows. The commodity-sensitive loonie fell 0.17 of a cent to 97.96 cents US, its lowest close since Jan. 13. It had bee
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