Some of the names on the move ahead of the open.» Read More
TORONTO, Sept 15- Canadian Imperial Bank of Commerce has made two key executive changes within its wholesale banking business as Canada's fifth biggest bank further consolidates under Chief Executive Victor Dodig. For the first half of the year, CIBC ranked No. 3 in equity capital markets, No. 2 in debt capital markets and did not find a place in the top 10 in mergers...
Here's where five-star manager Brian Macauley sees opportunity.
SAO PAULO, Aug 18- Brazil's OAS Investimentos SA, whose parent company is under creditor protection, has so far received five proposals for a stake in infrastructure company Invepar, with bidders also looking to buy its environment services and oil drilling units, executives said on Tuesday. In June, Reuters reported that Canadian asset manager Brookfield...
Brookfield and Asciano confirmed the sweetened deal as Asciano beat analyst expectations with a 19 percent jump in underlying net profit for the year to June 30 due to the benefits of a A $3 billion equipment overhaul. Asciano said in July that Brookfield made an indicative offer of A $9.05 per share but on Tuesday said Brookfield upped its offer price to A $9.15...
SAO PAULO, July 15- A Brazilian court approved a debtor-in-possession loan to engineering firm OAS SA, the company said, after it earlier this year filed for bankruptcy protection in the wake of a corruption investigation that shut its access to refinancing. In a statement published late on Tuesday, OAS said judge Daniel Carnio Costa freed up the so-called DIP...
*Shares surge 17 pct to A $7.77 but below bid price of A $9.05 Asciano's former parent, Toll Holdings, agreed to sale in Jan. SYDNEY, July 1- Canada's Brookfield Asset Management has approached Australia's Asciano Ltd with a $6.8 billion takeover bid, but uncertainty about whether the deal would go through capped gains in the stock price of the rail freight firm.
SAO PAULO, June 5- A Brazilian court is expected to approve a debtor-in-possession loan to engineering firm OAS SA, which has filed for bankruptcy protection, as early as next week, two sources with knowledge of the deal said on Friday. The judge overseeing the bankruptcy process could free up the so-called DIP loan of 800 million reais after court-appointed...
Check out the companies making headlines after the bell Monday: IBM, Fortinet, Lam Research & more.
Some of the names on the move ahead of the open.
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.
U.S. stock index futures signaled a higher open on Friday, following forecast-beating growth data from the euro zone and a firming oil price.
Nonfarm payrolls will be the big event on Wall Street on Friday, with stock index futures ticking higher in anticipation.
U.S. stock index futures turned lower and interest rates spiked after the government reported a brighter-than-expected report on the labor market.
October's jobs report is expected to be one of the weakest of the year, distorted by the impact of the 16-day government shutdown.
With $100 billion in assets in the United States already, the man many call the Warren Buffett of Canada told CNBC that he's "still putting money into America."
*Third-quarter FFO 23 cents matches Wall St view. Improving retail sales and consumer confidence have been good news for mall owners, including Simon Property Group Inc and Macerich Co, which have seen stronger sales at their tenants' stores in the third quarter.
*Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.
Oct 11- Brookfield Asset Management Inc:.
Oct 10- Brookfield Asset Management:. *C $350 million principal amount 8.95% notes due June 2, 2014; redemption price. of C $1097.94* Source text* Further company coverage ().
NEW YORK, Oct 1- Hedge fund manager William Ackman, who has been pushing mall operator General Growth Properties to sell itself, on Monday said a deal with rival Simon Property Group would be beneficial to all parties and push the stock price dramatically higher.