Business News

TD to Pay $90M Ponzi Settlement

ABJ – Sept. 24 – Toronto-Dominion Bank will pay $90 million in civil penalties to settle charges by U.S. regulators who have deemed it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is now serving a 50-year ...
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BlackBerry Being Sold

ABJ – Sept. 23 – As widely expected, a bid to purchase BlackBerry and take it private was submitted by Fairfax Financial, the Canadian insurance company led by its well-known CEO and prudent investor Prem Watsa. If the deal goes through, it ...
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Apple Sells 9 Million iPhones in 3 Days

ABJ – Sept. 23 – It’s merely an upgrade to an existing smartphone, but nonetheless Apple managed to sell 9 million of its new iPhone 5s and iPhone 5c models in the first three days after being launched on Friday. Shares of ...
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Merkel Wins 3rd Term in Germany

ABJ – Sept. 22 – Chancellor Angela Merkel won a decisive personal victory in Germany's general election on Sunday, but her conservative party may have fallen a few votes short in order to rule by majority.  If that’s the case after all the votes are ...
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Buffett Wants Debt Ceiling Raised

ABJ – Sept. 20 – Billionaire investor Warren Buffett says not lifting the U.S. debt ceiling would be "pretty damn dumb." "The market is not going to fall apart," Buffett said in an interview aired on CNBC. He called the possibility ...
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BlackBerry Slashing Thousands of Jobs: WSJ

ABJ – Sept. 18 – On the same day it announced the new Z30 smartphones are about ready to launch comes a report from The Wall Street Journal that BlackBerry will slash thousands more jobs by the end of this year. ...
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General Mills Posts Increased Sales

ABJ – Sept. 18 – Thanks in large part to the success of new food products, General Mills has reported higher-than-expected quarterly sales. The maker of Cheerios cereal and Progresso soups revealed its earnings had increased in the first quarter ended on ...
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BlackBerry Launches Z30 Smartphone

ABJ – Sept. 18 – Waterloo, Ont.-based BlackBerry has launched its new flagship smartphone product – the high-end BlackBerry Z30. It comes equipped with a five-inch touchscreen with stereo speakers, a 1.7-Ghz processor and "priority hub" software that learns a user's most important contacts and ...
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Forbes List of Richest Americans

ABJ – Sept. 17 – Once again Bill Gates has emerged as the richest person on the latest annual Forbes 400 wealthiest Americans list.  The comprehensive list reveals that total wealth in the prestigious group accelerated by an incredible 19 per cent in the past ...
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Microsoft in $40B Buyback Plan

ABJ – Sept. 17 – Software giant Microsoft plans to buy back up to $40 billion of its outstanding shares and raise its quarterly dividend by 22 per cent. The new share repurchase program replaces a $40 billion buyback program that was ...
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