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Valeant Pharmaceuticals International Inc CEO’s return time from medical leave uncertain, family tells drugmaker

MONTREAL – The health condition of Valeant CEO Michael Pearson remained under wraps because the company’s interim CEO, Howard Schiller, gave his first public presentation as boss during the JPMorgan Healthcare conference in Bay area. “(Pearson’s) family informed the board the timetable for his return was uncertain, and that’s once the board ...

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

CALGARY – To survive the prolonged downturn in oilfield activity, many energy service companies are poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts in the last year, we believe more are on the horizon within the coming quarters,” CIBC ...

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How to survive a bear attack

One of the very most talked-about moments in The Revenant, the bloody and critically acclaimed new adventure flick, is a jarringly violent scene in which Leonardo diCaprio’s character gets up close and personal having a grizzly bear. By most accounts, it’s a high point of movie-making artifice in the Oscar-nominated ...

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Alberta weakness and Zika virus spell turbulence for Transat: CIBC

Vacation tour operator Transat AT is facing a barrage of headwinds in 2016, putting more pressure on a company that’s already can not boost organic growth, according to a new analysis by CIBC. As an effect, the financial institution has downgraded Transat to sector underperform from sector perform and cut ...

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Why investors need to read between the lines of rumour and news

Here’s an investing rule for you personally: Be wary of pearls of wisdom. Any “pearl” that may be summed up in six words or less may have the advantage of making life easier, but often that’s about this, and following these bits of conventional wisdom too closely could be a ...

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North American stocks stem global rout as oil steadies: ‘The relief rally we’ve been waiting for’

U.S. stocks rallied, using the Dow Jones Industrial Average clawing back a number of Wednesday’s selloff, as oil’s advance beyond $31 a barrel bolstered energy producers and helped stabilize global markets rattled by concerns over China and sliding commodity prices. The Standard & Poor’s 500 Index gained the most in ...

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Goldman Sachs abandons five of six top trading calls for 2016 as turmoil hits markets

Goldman Sachs Group Inc. has exited five of six top trading strategies for one year afterwards they were thwarted by financial-market turmoil linked to signs of a slowdown in global economic growth. The New York-based bank closed its demand dollar strength versus a similarly weighted basket from the euro and ...

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‘No normal’ is the new normal as markets throw away the traditional playbook

Forget the new normal – get ready for an enormous amount of “no normal” this season where traditional asset relationships are decoupling, economic growth is elusive and volatility is back with a vengeance. ‘Sell everything,’ global banking giant tells investors and brace for ‘cataclysmic year’ Markets are flashing the same ...

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Valeant Pharmaceuticals International Inc shares climb after being slammed by U.S. lawmaker in drug price hearings

MONTREAL – Valeant Pharmaceuticals International Inc. interim CEO Howard Schiller may have been cut down to size by the U.S. Congress on Thursday over the company’s drug price hikes, however, you wouldn’t realize it by exploring the stock, which actually climbed during the hearings. “I don’t even think this can be a hearing, ...

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Goldman Sachs to pay about US$5 billion to resolve claims on sale of residential mortgage-backed securities

Goldman Sachs Group Inc said it pays US$5.06 billion to resolve civil claims related to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. The agreement with regulators will reduce earnings for that fourth quarter by about US$1.5 billion after tax, the company said. Related ...

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