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Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Toronto-based Home Capital said it hired RBC Capital Markets and BMO Capital Markets to advise on "strategic options" after it secured the one-year loan, according to the statement. Before the Home Capital situation came to light, investor interest in the subprime mortgage sector was on the upswing, said McLister. It expects to have a balance of C$814 million in its high-saving interest accounts once Wednesday's transactions are settled, compared with C$1.4 billion as of April 24.

Business

Iowa Deputy Shot And Killed During Prisoner Escape

Kleine said Tuesday that he will drop those charges if Correa-Carmenaty agrees to be extradited to Iowa to face more serious charges, including murder in the shooting death of Pottawattamie County Sheriff's Deputy Mark Burbridge. Authorities say the van was abandoned a few blocks away, where the inmate either met an accomplice or carjacked someone's vehicle. The suspect was recaptured after crashing during a high-speed chase.

Business

Starbucks' new drink inspired by 'heydays of summer'

The drink is also infused with cooling mint sugar ~crystals~ and a layer of whipped cream, then topped with even more whipped cream and an additional dusting of dark cocoa. The drink is similar to Starbucks's Pokémon Go Frappuccino , which was sold for a limited time previous year. All the hype surrounding the Unicorn Frappuccino got us so worked up that we could barely muster excitement for the release of the Dragon Frapp.

Business

Petra Kvitova returns to tennis court for first time since knife attack

The two-time Wimbledon champion suffered serious injuries to her dominant left hand when she confronted an intruder who broke into her home in December. After December's attack, Kvitova was left with major nerve damage in her left arm as well as injuries to multiple tendons and all five fingers. The photo comes just two weeks after Kvitova said she would not rule out the prospect of returning for the French Open later this month.

Business

Alphabet Inc. Sees Profit Soar 29% on Ad Sales

Shares of Google's parent company jumped because it released earnings after the market closed on Thursday night that exceeded expectations. Last quarter, Google's "other revenues" grew more than 60 percent year-over-year and hit $3.4 billion in quarterly revenue .

Business

Trump suggests he'll take sanctuary cities case to Supreme Court

But, as some have already pointed out on Twitter, Tuesday's injunction was the result of the city of San Francisco suing Trump over his executive order , and the case was heard in San Francisco - it wasn't brought in from elsewhere for a friendly verdict.

Business

Kraft Heinz earnings: Expect cost savings

Finally, First Financial Corp IN increased its stake in Kraft Heinz by 5.5% in the first quarter. "Although our top line results in the first quarter reflect a slow start to the year, we remain on track with our key initiatives", Kraft Heinz CEO Bernardo Hees said in a press release.

Business

Trade minister courts China for softwood as US announces duties

Trudeau said he told the president that the U.S. Commerce Department levelled "baseless allegations" when it imposed new, unfair duties on Canadian softwood. "We have made progress in our conversations, but we're not there yet", Freeland said in a teleconference call with reporters from Berlin where she attended the Women20 Summit.

Business

Oil prices buoyed by United States crude stock dip

West Texas Intermediate for May delivery dropped 73 cents, or 1.4%, to $51.68/bbl at 12:33 p.m. on the New York Mercantile Exchange. But crude prices retreated Wednesday as US output continues to rebound. The drop in production resulted in a marginal increase of 38.5 million barrels for the first quarter of the year. They touched $54.76 intraday, the lowest since April 7.

Business

SpaceX Launches Secret Spy Satellite

Monday's 7:15 a.m. EDT (1115 GMT) liftoff of a classified satellite for the National Reconnaissance Office (NRO) officially broke ULA's 10-year monopoly on launching US military and national security satellites. "While this particular sensor did have a redundancy, readings were out of tolerance so out of an abundance of caution, we opted to hold launch, said John Federspiel, a lead mechanical design engineer at SpaceX who served as a broadcaster for the launch".

Business

GOOGL) continues to beat expectations — Alphabet Inc(NASDAQ

The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $7.48 per share . The two have so much control of the market that a few advertisers are now complaining of a duopoly. Google's 44-year-old India-born CEO Sundar Pichai received almost $200 million (Rs 1,341.68 crore approx) in compensation last year, double the amount he got in 2015.

Business

Canada recalls too strong 77% alcohol gin

The gin is labelled as having a 40 per cent alcohol content, but that lot of bottles actually has a 77 per cent alcohol content. The gin is labelled as having 40 per cent alcohol content. This product is not safe for consumption. This week's recall marks the second time in as many months that an alcohol has been pulled off shelves in Canada for being surprisingly strong.

Business

Trump says he won't pull U.S. out of NAFTA

The rise came in the wake of the news that Washington will impose tariffs on five major Canadian lumber exporters. The sentiment was echoed by a former diplomat who leads a Canadian-American business group. The president is also blasting Canada for protecting dairy manufacturers, a measure he says is putting US farmers out of business. Several, Doherty warned, aren't sure how they will make the immediate cash deposits that will come due next week to pay for the new tariffs.

Business

Technicals in View on This Stock: EQT Midstream Partners, LP (NYSE:EQM)

April 21, 2017 is the announcement. The share price of Antero Midstream Partners LP (NYSE:AM) was up +1.96% during the last trading session, with a day high of 34.48. (NASDAQ:MMLP). Renaissance Technology Ltd owns 317,285 shares or 0.02% of their USA portfolio. 235.99 million shares or 2.87% more from 229.40 million shares in 2016Q3 were reported.

Business

First quarter GDP shows sharp slowdown in economic growth

This is the slowest pace of GDP expansion in three years, with the U.S. economy having contracted by 1.2pc in 1Q14. Private economists were projecting annual growth around 1%. That followed the fourth quarter's robust 3.5 percent growth rate. The expected weakness in consumer spending is blamed on a mild winter, which undermined demand for heating and utilities production.

Business

Hail to the king: Raptors coach says team can't watch LeBron

He scored 35 points on a bold array of jump shots, power moves to the basket and acrobatic, throw-down dunks that while not necessarily demoralizing to the Raptors, probably gave hint they were catching the Cavs on one of their really good nights.

Business

Wall Street flat as Fed Reserve meet kicks off, Nasdaq hits record

At 9:50am ET (1350 GMT) the Dow Jones Industrial Average was up 5.59 points, or 0.03 per cent, at 20,919.05. Caution was high as the Fed's meeting got underway; while central bankers are expected to keep rates on hold at this meeting, analysts are looking for any comments on the recent slowdown in US economic activity.

Business

North Korea fires missile

North Korea's nuclear deterrent will assure that American aircraft carriers, nuclear submarines, and other military hardware will be " shattered into pieces of molten metal " if they threaten Pyongyang, the article read. Earlier this month, the country attempted to fire a missile, which had just been unveiled as a game-changer intercontinental ballistic missiles (ICBM) in a show of military might - only for the weapon to blow up four or five seconds after being launched.

Business

Debry favorite Classic Empire draws post 14

He is lightly raced, which is a concern, but if there's one thing he's learned over the past year, don't count out Patch. Consider that Irap entered the Blue Grass as a 33-1 long shot even with three seconds, a third and three fourths mostly with jockey Mario Gutierrez .

Business

Workers across Asia mark May Day

On his part, Dogara pledged the commitment of the house to passing a new minimum wage bill. Oshiomole mounted the podium to appeal to the workers but he was also rebuffed by the workers, who told him to go away as they were not ready to listen to him.

Business

Woman agreed to swap sex for $25, fast food

The homeless Bradenton, Fla. woman was arrested last week after allegedly offering sexual services to an undercover cop. Police found two hypodermic needles , a burnt glass pipe, a spoon and a few baggies in Direeno's purse, which they suspect she used for either heroin or crack cocaine, reports WNCN.

Business

NASA's Cassini spacecraft didn't find anything, and scientists can't believe it

On April 26, 2017, NASA's Cassini orbiter made its first "Grand Finale" dive through the previously unexplored gap between Saturn and its rings. Mission scientists detected several hundred impacts per second by dust particles during Cassini's crossing of Saturn's ring plane prior to the April 26 dive.

Business

Kinross Gold +11% after earnings beat, 2017 forecast reaffirmed

In other Kinross Gold news, insider Michel Sylvestre sold 8,779 shares of the business's stock in a transaction on Tuesday, February 21st. Finally, Berenberg Bank restated a hold rating and issued a $4.60 price objective on shares of Kinross Gold in a research note on Wednesday, February 15th.

Business

Private & Commercial Finance Group plc (PCF) Insider Sells £11475 in Stock

Oclaro, Inc. (NASDAQ:OCLR) has declined 5.64% since September 23, 2016 and is downtrending. It has outperformed by 6.91% the S&P500. The stock of PZ Cussons plc (LON:PZC) has "Hold" rating given on Tuesday, April 19 by HSBC. Deutsche Bank maintained Essentra PLC (LON:ESNT) rating on Monday, February 22. Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products.

Business

Aetna exiting Virginia's Obamacare market in 2018

In a statement Wednesday, the company said: "Without swift action by the state or Congress to provide stability to Iowa's individual insurance market, Medica will not be able to serve the citizens of Iowa in the manner and breadth that we do today".

Business

Amazon.com, Inc. (AMZN) Price Target Cut to $935.00

Amazon.com, Inc. (NASDAQ: AMZN ) have shown a high EPS growth of 29.00% in the last 5 years and has earnings growth of 41.10% yoy. 84,030 were reported by Oregon Pub Employees Retirement Fund. Amazon.com, Inc. offers a range of products and services through its Websites. The business had revenue of $35.71 billion for the quarter, compared to the consensus estimate of $35.31 billion.

Business

Fitbit Inc (FIT) Expected to Post Quarterly Sales of $277.48 Million

The analysts estimated sales for the higher end at 411 million and lower end at 314.02 million while the year ago reported sale was 628.51 million. Last year, Fitbit bought software assets from smartwatch competitor Pebble. Company shares have been seen trading -68.03% off of the 52 week high and 8.38% away from the 52 week low. Finally, Zacks Investment Research upgraded shares of Fitbit from a "sell" rating to a "hold" rating in a research report on Saturday, April 1st.

Business

Clinton says Comey's letter, Russian hackers cost her the election

Comey gave his most exhaustive defense yet Wednesday of his role in politically sensitive investigations, telling a Senate panel that despite feeling "mildly nauseous" at the thought his decisions about a probe into Hillary Clinton might have affected the election outcome, he had no regrets.

Business

Ola's losses widen as costs rise

The reported revenues also include revenue of subsidiaries like leasing unit Ola Fleet Technologies and TaxiForSure's parent entity Serendipity Infolabs. The company's total expenditure for the year has been Rs 3,078.19 crore. In its bid to stave off competition from its San-Francisco-based rival Uber, Ola has been burning a huge amount of cash to woo customers and gain market share.

Business

Underpenetrated in India but optimistic about future, says Apple CEO Tim Cook

Well iPad sales continue to decline year-on-year with 8.9 million units shipped in the quarter. Is Cook concerned by these numbers? "We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus", CEO Tim Cook said in a news release, adding that Apple's services business posted its highest revenue ever for a 13-week quarter.

Business

Molson Coors Brewing Company (NYSE:TAP) Profitability in Focus

Susquehanna Bancshares Inc set a $140.00 price objective on Molson Coors Brewing and gave the company a "buy" rating in a research report on Monday, March 20th. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.58 billion. The stock increased 0.10% or $0.1 during the last trading session, reaching $95.36.

Business

SBI cuts term deposit rates by up to 50 bps

The bank is offering highest rates of 6.90 % for one year to 455 days term deposits. The maximum of 0.15 per cent has been effected for overnight marginal cost of funds based lending rate (MCLR) tenure to 8.05 per cent. The rate for one year is fixed at 9.70 per cent. By late evening on Monday, it announced reduction of rates by 0.10% for its one-year fixed deposit to 6.9%.

Business

Quarterly EPS analysis of Array BioPharma Inc. (NASDAQ:ARRY)

Teachers Advisors LLC owned approximately 1.21% of Array Biopharma worth $17,936,000 as of its most recent filing with the SEC. Finally, Princeton Alpha Management LP bought a new position in shares of Array Biopharma during the third quarter valued at about $285,000.

Business

Paris May Day march descends into violence in run-up to election

Le Pen took over France's far right political party, the National Front, from her father, Jean-Marie Le Pen, who was convicted for saying that the Nazi occupation of France was not " particularly inhumane ", according to The Guardian . Police said officers used tear gas against protesters who had injured three of their number by throwing petrol bombs. Le Pen supporters are equally adamant, with some seeing her as a saviour for a ravaged land.

Business

Advanced Micro Devices, Inc. (AMD) Stock Is Showing a Great Starter Position

Oakbrook Investments LLC bought a new stake in Advanced Micro Devices during the third quarter worth about $358,000. The Sunnyvale, Calif. -based company lost 4 cents a share excluding items, vs. (NASDAQ: AMD ) shares has displayed a low EPS growth of -23.70% in last 5 years. Following the sale, the insider now directly owns 15,257 shares of the company's stock, valued at approximately $204,748.94.


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