Canadian, U.S. firms partner to buy Polaroid assets

Posted by Financial Service News on April 18th, 2009

Two Canadian investors have teamed up with a U.S. partner to win a controversial and contested bidding war to acquire most of the assets of Polaroid Corp., which has been operating in bankruptcy protection.

Citigroup, MGM Mirage, Mattel, Gamestop are big market movers Friday

Posted by Financial Market News on April 18th, 2009

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Citigroup Inc., down 36 cents at $3.65 The bank posted its smallest quarterly loss since 2007, but loan losses are expected to rise through the year before they improve.

Harper pushes Canada’s free-trade ambitions at summit

Posted by Financial Service News on April 18th, 2009

As U.S. President Barack Obama and Venezuela's leftist leader Hugo Chavez stole the spotlight with their unexpected rapprochement at the Summit of the Americas, Prime Minister Stephen Harper pushed Canada's free trade ambitions, touting progress Saturday with the Caribbean bloc.

EU central bank calls for bold recovery measures

Posted by Financial Market News on April 18th, 2009

TOKYO/LONDON: The European central bank on Friday led calls for bold action to ensure recovery from the global economic crisis in 2010 as Citigroup results added to hopes that the worst may be over.

W.Va. bank becomes first to cut all bailout ties

Posted by Financial Service News on April 18th, 2009

West Virginia bank has become the first to completely cut its ties to the federal government's $700 billion financial rescue program.

European bourses record solid gains

Posted by Financial Market News on April 18th, 2009

Stocks were in demand in Europe on Friday with major exchanges putting in strong performances.

Venture Capital Investment Sinks

Posted by Financial Service News on April 18th, 2009

Venture capital investment in the first quarter dropped to lows not seen since before the dot-com bubble, according to an analysis of Thomson Reuters data.

Toshiba to raise US$5 billion

Posted by Financial Market News on April 18th, 2009

JAPAN'S electronics giant Toshiba Corporation plans to raise around 500 billion yen in a bid to reverse its worsening financial situation, news reports said on Saturday.

Financial Protectionism

Posted by Financial Service News on April 18th, 2009

Analysis and discussion with George Soros of Soros Fund Management.

IIROC publishes proposal to enhance transparency and fair pricing for …

Posted by Financial Market News on April 18th, 2009

The Investment Industry Regulatory Organization of Canada today published a proposed rule and guidance note to address fair pricing of over-the-counter traded securities including fixed income securities such as bonds.


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