TD Bank Group says profits dropped by seven per cent in the second quarter as it booked a restructuring charge.
Source :CBC | Business News http://ift.tt/1Fcv2Wq
jeudi 28 mai 2015
Royal Bank profits tick up 14% to $2.5 billion
Royal Bank says profits jumped 14 per cent in the second quarter on earnings growth in divisions like Canadian banking and capital markets.
Source :CBC | Business News http://ift.tt/1Fcv0y2
FIFA sponsors demand change as scandal rocks soccer world
Worried that their reputations will be tarnished by their links to FIFA, major sponsors are demanding that soccer's global governing body clean up its act, with Visa even warning it is prepared to jump ship.
Source :CBC | Business News http://ift.tt/1KrrcgJ
A goring concern
THE slowdown in China’s property market has been cruel to makers of wooden flooring. After double-digit growth for much of the past decade, sales have slumped. Kemian Wood Industry, which used to boast of the quality of its composite floorboards, took radical steps to deal with the downturn. It switched its focus to online gaming and changed its name. After its rechristening as Zeus Entertainment in early March, its share price doubled in short order. This past week, though, its transition plan hit a snag. CCTV, the state broadcaster, accused it of being one of a series of companies that are “fabricating themes and telling stories” to inflate their share prices.
Zeus Entertainment denies the allegations. But the wider trend is clear. At least 80 listed Chinese firms changed names in the first five months of this year. A hotel group rebranded itself as a high-speed rail company, a fireworks maker as a peer-to-peer lender and a ceramics specialist as a clean-energy group. Their reinventions as high-tech companies appear to have less to do with the gradual rebalancing of China’s economy than with the mania sweeping its stockmarket.
The...Continue reading
Source :Business and finance http://ift.tt/1KABtdy
The start of the rebellion?
THORSTEIN VEBLEN, an economist who dabbled in sociology, reckoned that the best-off members of a community established the standards that everyone else followed. Less-well-to-do individuals, he reckoned, tried to emulate the well-off and signal their worth through things like "conspicuous consumption" or "conspicuous leisure".
In Veblen's day, leisure was a badge of honour. But as we have argued in the past, these days work is rather modish. Hanging around at home is not seen as a sign of success, as it was for Veblen, but a sign of uselessness. Devising whizzy computer code, or solving complex financial problems, now has social status. Such work is also paid really well. All this means that over time, working hard has become cool. The share of college-educated American men regularly working more than 50 hours a week rose from 24% in 1979 to 28% in 2006, but fell for high-school dropouts. Highly educated people take less leisure time than they did fifty years ago.
All this suggests that as...Continue reading
Source :Business and finance http://ift.tt/1FPK0qa
Conservative CPP plan won't help savers or stop the pension crisis: Don Pittis
The federal government's consultation on a voluntary top-up of the Canada Pension Plan looks as if it was built to be killed. Without complex rule changes, extra payments may damage a system admired around the world and make little tax sense. Worse, it still won't solve Canada's pension deficit, Don Pittis writes.
Source :CBC | Business News http://ift.tt/1G1UHYB
Avoid Aeroplan surcharges and blackout dates with booking service
Booking travel using reward points can be so daunting and expensive people are now offering to do the booking for you, for a fee. Award Booking services specialize in building itineraries using reward points and will also help you avoid fees and surcharges.
Source :CBC | Business News http://ift.tt/1LLkvX6
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