Coles Myer Newswire (Page 5)

Coles Myer Newswire (Page 5)

Comprehensive Real-Time News Feed for Coles Myer. (Page 5)

Results 81 - 100 of 1,239 in Coles Myer

  1. CIBC to Sell Minority Stake in American Century to Nomura for $1 BillionRead the original story w/Photo

    Dec 21, 2015 | Wall Street Journal

    Toronto-based CIBC agrees to sell its 41% stake because it was unable to gain full control of the company Canadian Imperial Bank of Commerce said Monday it would sell its minority stake in U.S. wealth manager American Century Investments to Japanese financial-services firm Nomura Holdings Inc. for about $1 billion. Toronto-based CIBC said it agreed to sell its 41% stake in American Century because it was unable to gain full control of the company.

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  2. CIBC sells stake in American Century for $1-billionRead the original story w/Photo

    Dec 21, 2015 | Globe and Mail

    The large CIBC sign outside the bank's office building at the south east corner of King St. West and Bay St. in Toronto. The large CIBC sign outside the bank's office building at the south east corner of King St. West and Bay St. in Toronto.

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  3. Nomura Agrees to Pay $1 Billion for 41% American Century StakeRead the original story

    Dec 21, 2015 | The Washington Post

    Nomura Holdings Inc., Japan's biggest brokerage, agreed to pay about $1 billion for a 41 percent stake in U.S. money manager American Century Investments. The purchase from Canadian Imperial Bank of Commerce is expected to be completed in the first half of 2016, Tokyo-based Nomura said Monday in a statement on its website.

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  4. Canada tightens mortgage rules to help cool blistering Toronto, Vancouver housing marketsRead the original story w/Photo

    Dec 11, 2015 | Vancouver Sun

    The required down payment on homes worth at least $500,000 will rise to 10 per cent from 5 per cent starting Feb. 15, 2016 - however the higher threshold will only apply to the portion in excess of that mark. Canada is raising minimum down payments on some government-insured mortgages, a move aimed at curbing the risk of a housing crash in Toronto and Vancouver where high prices are leaving some families at risk from heavy debt loads. 1 comment

  5. Canadian Imperial Bank of Commerce (CM) - Investment Analysts' Weekly Ratings UpdatesRead the original story w/Photo

    Dec 10, 2015 | AmericanBankingNews.com

    A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce recently: 12/8/2015 - Canadian Imperial Bank of Commerce was downgraded by analysts at Credit Suisse from a "neutral" rating to an "underperform" rating. 12/8/2015 - Canadian Imperial Bank of Commerce was downgraded by analysts at CSFB from a "neutral" rating to an "underperform" rating.

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  6. Wind Mobile gets new $425-million financing arrangement for network upgradeRead the original story w/Photo

    Dec 10, 2015 | Canada.com

    Wind Mobile Corp. has arranged for up to $425 million of financing that will support an upgrade of its network to LTE technology. The Toronto-based company has been doggedly growing its business since launching the service six years ago, the first of several new competitors for the three established national carriers: Rogers, Telus and Bell.

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  7. Canada's Wind Mobile gets C$425 mln loan to help expand networkRead the original story

    Dec 10, 2015 | Reuters

    Dec 10 Wind Mobile, Canada's fourth largest wireless provider, said it closed a new C$425 million debt facility that will help it deploy a high-speed LTE network using equipment and services supplied by Nokia Corp . The loan syndicate was led by TD Securities, BMO Capital Markets and Canadian Imperial Bank of Commerce, Wind Mobile said in a statement.

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  8. Wind Mobile secures $425-million in new financingRead the original story w/Photo

    Dec 10, 2015 | The Globe and Mail

    Wind Mobile Corp. has secured access to new financing of up to $425-million backed by a syndicate of three Canadian banks, allowing it to refinance high-yield debt at a lower rate as well as fund improvements and expansion of its cellular network. The Toronto-based wireless carrier announced the closing of the senior, secured debt facility on Thursday and also said it reached a five-year deal under which Nokia Networks will be the sole supplier for Wind's LTE - long-term evolution, or 4G - network, which it plans to build next year.

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  9. Majority of millennials admit they lack investing confidence, survey showsRead the original story w/Photo

    Dec 9, 2015 | The Globe and Mail

    Despite almost 70 per cent of millennials now counting themselves as investors, a vast majority of them admit to being clueless when it comes to investing, according to a survey by Canadian Imperial Bank of Commerce. The survey, which polled 1,000 Canadians between the ages of 18 and 34, found that 82 per cent of of all respondents - investors and non-investors - felt they lack financial knowledge and investing confidence.

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  10. Supreme Court of Canada considers Limitation Period for Secondary Market Securities Class ActionsRead the original story w/Photo

    Dec 9, 2015 | jdsupra.com

    On December 4, 2015, the Supreme Court of Canada released its highly anticipated decision1 in a trilogy of shareholder class actions under the secondary market liability provisions of the Ontario Securities Act 2 . At issue was whether section 28 of the Class Proceedings Act, 1992 3 operates to suspend the limitation period applicable to a claim under section 138.3 of the OSA at the time when a plaintiff files a statement of claim or motion for leave under section 138.8 of the OSA , or whether the limitation period is suspended only once leave has in fact been granted.

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  11. Wounded Canadian dollar to tumble to just 70A , CIBC saysRead the original story w/Photo

    Dec 9, 2015 | The Globe and Mail

    The Canadian dollar is holding its own today, though at just above 73.5 cents U.S. that's not saying much. Several analysts have predicted ever-lower levels for the loonie going forward.

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  12. Zacks Investment Research Downgrades Canadian Imperial Bank of Commerce (CM) to SellRead the original story w/Photo

    Dec 8, 2015 | AmericanBankingNews.com

    According to Zacks, "CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets.

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  13. Canadian Imperial Bank of Commerce (CM) Downgraded by CSFB to "Underperform"Read the original story w/Photo

    Dec 8, 2015 | AmericanBankingNews.com

    They currently have a C$112.00 target price on the stock, down from their previous target price of C$115.00. CSFB's price target would indicate a potential upside of 17.04% from the company's previous close.

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  14. Canadian Imperial Bank of Commerce (CM) Downgraded by Credit Suisse to UnderperformRead the original story w/Photo

    Dec 8, 2015 | AmericanBankingNews.com

    A number of other research firms also recently commented on CM. Canaccord Genuity boosted their price target on shares of Canadian Imperial Bank of Commerce from C$96.00 to C$100.00 and gave the company a "hold" rating in a report on Tuesday, November 24th.

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  15. Moody's sticks with 'negative' outlook for Canadian banks in 2016Read the original story w/Photo

    Dec 7, 2015 | The Globe and Mail

    Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. Despite concerns that the sluggish economy, tapped out borrowers and low interest rates could dampen the profitability of Canadian banks, the country's six biggest lenders earned a combined $34.88 billion in profits over the past year.

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  16. Supreme Court of Canada Releases Securities Class Actions Trilogy -...Read the original story w/Photo

    Dec 7, 2015 | JD Supra

    Supreme Court of Canada Releases Securities Class Actions Trilogy - Clarifies that the Leave Test has Teeth in Common Law Jurisdictions as well The Supreme Court of Canada released reasons in its highly-anticipated trilogy of securities class action cases. In Canadian Imperial Bank of Commerce v.

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  17. Credit Suisse Downgrades Canadian Imperial Bank of Commerce (CM) to UnderperformRead the original story w/Photo

    Dec 7, 2015 | AmericanBankingNews.com

    CM has been the topic of a number of other reports. Scotiabank reduced their price target on Canadian Imperial Bank of Commerce from $108.00 to $106.00 in a report on Thursday, August 20th.

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  18. Investment Analysts' Updated EPS Estimates for December, 7th (CM,...Read the original story w/Photo

    Dec 7, 2015 | AmericanBankingNews.com

    The firm currently has a a buy rating on the stock. was given a 77.00 price target by analysts at Sanford C. Bernstein.

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  19. Canadian Imperial Bank of Commerce (CM) Lowered to "Underperform" at Credit AgricoleRead the original story w/Photo

    Dec 7, 2015 | AmericanBankingNews.com

    They presently have a $112.00 price objective on the stock, down from their prior price objective of $115.00. Credit Agricole's price objective would suggest a potential upside of 53.11% from the stock's previous close.

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  20. Oil in the $20s in 2016? This investor thinks soRead the original story w/Photo

    Dec 7, 2015 | MSN Money

    As crude oil prices continue their dramatic decline after a refusal by the Organization of Petroleum Exporting Countries to cut production, the key question now is, how much lower can oil go? U.S. WTI crude oil futures traded under $40 a barrel on Monday, while Brent oil future are hovered around $42 a barrel, having tanked more than 4 percent since OPEC's decision on Friday to keep its production ceiling at about 30 million barrels a day. Oil has now lost more than 50 percent over the past 18 months.

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