Business News

Home Capital to get C$2 billion loan from Berkshire Hathaway

Home Capital Group Inc (HCG.TO) said billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N) will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.Berkshire will also indirectly buy C$400 million of Home Capital's common shares in a private placement through its unit Columbia Insurance Co, Home Capital said on Wednesday."...

22 Jun 11:04 AM 0 Read More...

Asian stocks rise, oil languishes near 10-month low on glut fears

SINGAPORE Asian stocks advanced on Thursday, but oil futures hovered near a 10-month low hit overnight on concerns over a supply glut and falling demand. European stocks were mixed with financial spreadbetter CMC Markets expecting Britain's FTSE 100 .FTSE to open up 0.1 percent, Germany's DAX .GDAXI to be little changed and France's CAC 40 .FCHI to start the day down 0.1 percent. All three closed in negative terr...

22 Jun 6:02 AM 0 Read More...

Asian stocks climb as oil crawls up from 10-month low

SINGAPORE Asian stocks advanced on Thursday as oil prices inched up after hitting a 10-month low overnight on concerns over a supply glut and falling demand, dragging U.S. and European shares lower. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.2 percent. Japan's Nikkei .N225 and South Korea's KOSPI .KS11 were flat, while Australian shares rose0.4 percent.Crude oil crept up ...

22 Jun 12:57 AM 0 Read More...

Exclusive: Sycamore Partners close to deal to acquire Staples - sources

Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc (SPLS.O) following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion. The acquisition would come a year after a U.S. federal judge thwarted a merger between Staples and peer Office Depot Inc (ODP.O) on antitrust grounds.It would represent a bet by...

22 Jun 12:57 AM 0 Read More...

Boeing's Conner bows out with $1.2 billion air show deal

PARIS Boeing (BA.N) Vice Chairman Ray Conner on Wednesday sealed his last air show deal before retiring, signing off with the conversion of ten orders to the new 737 MAX 10 model for Donghai Airlines in China, where near-record traffic growth is powering aviation.Conner signed the deal to add the Shenzhen-based airline to a list of launch customers for the new jet at the Paris Airshow, calling it "great to finish ...

22 Jun 12:57 AM 0 Read More...

Diageo to buy George Clooney's tequila brand Casamigos for up to $1 billion

LONDON Diageo Plc (DGE.L) has agreed to buy George Clooney's high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world's largest spirits maker seeks to boost its presence in a high-growth market.Diageo said on Wednesday it would pay $700 million initially for the company, co-founded by the American actor, with potential payment of a further $300 million linked to performance over 10 ...

22 Jun 12:56 AM 0 Read More...

Oracle profit beats as cloud shift gains steam, shares at record

Oracle Corp's (ORCL.N) quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company's transition to cloud is starting to pay off.The company's shares were up 10.6 percent to a record high of $51.25 in after-market trading on Wednesday. They had gained about 20 percent this year.A late entrant to the cloud market, Oracle ha...

22 Jun 12:56 AM 0 Read More...

S&P, Dow hurt by Energy, banks; biotech boosts Nasdaq

NEW YORK The S&P 500 and Dow were weighed down by energy and bank stocks on Wednesday while healthcare and technology stocks helped lift the Nasdaq Composite index.Energy stocks tumbled after oil prices reversed course during the morning session and U.S. crude touched its lowest point since August despite larger-than-expected declines in inventories.While technology stocks were likely attracting growth invest...

21 Jun 7:55 PM 0 Read More...

06/24/2017 – LiftOff4LIFT-UP Balloon Festival

Source Article from http://engagenewswire.com/06242017-liftoff4lift-up-balloon-festival/...

21 Jun 2:53 PM 0 Read More...

06/29/2017 – Your Chamber Professional Development Series

BACK BY POPULAR DEMAND – HUMAN RESOURCES 101 PART 2!!!   Join our Grand River Health HR experts Dawn Hodges and Luke Braby in Part 2 of education on Human Resource law, issues, and things to Y...

21 Jun 2:53 PM 0 Read More...