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Valeant Pharmaceuticals International Inc gives Pershing Square Capital a seat on its board

Embattled Valeant Pharmaceuticals International Inc said on Wednesday it’s added a representative from shareholder Pershing Square Capital Management to the board of directors as well as two other new directors. Pershing Square, run by activist investor Bill Ackman, bought a stake in Valeant this past year when the drugmaker’s shares ...

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The oil price rout is cutting deep into the services sector: J.P. Morgan survey

Just how severe are capex cuts in the oil sector? J.P. Morgan’s survey of actual spending plans points to a 23 percent year-over-year decline for exploration and production companies globally in 2016. This follows a 21 percent pullback in 2015, implying 2016 will mark a roughly 60 percent decline from ...

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Chipotle Mexican Grill Inc’s shares drop after it closes Massachusetts restaurant where four employees fell ill

Shares of Chipotle Mexican Grill Inc fell more than 6 per cent in morning trading on Wednesday, each day after the popular burrito chain operator said hello would temporarily shut a Massachusetts restaurant after four employees fell sick. Chipotle is trying to repair its reputation following a series of food-safety ...

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Energy rout puts infrastructure dividend growth story in doubt

If they didn’t realize it before, investors around the globe have quickly found that collapsing oil prices negatively impact sectors beyond energy, and far of this pain is being felt within the infrastructure, equipment and services spaces. These segments of the market benefited immensely from surging development in unconventional resources ...

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Congress wants to know why Valeant Pharmaceuticals International Inc hasn’t turned over all the documents it requested in price probe

Valeant Pharmaceuticals International Inc. hasn’t given members of Congress all of the documents they’ve sought included in a probe into the company’s drug pricing practices, and lawmakers need to know why. Leaders of the House Committee on Oversight and Government Reform wrote to Valeant Chief Executive Officer Michael Pearson on ...

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What the analysts say about the Bank of Canada’s rate decision

The Bank of Canada said Wednesday that a few of the pressures facing the country’s economy have eased this season because it left its benchmark interest rate unchanged Wednesday. Bank of Canada holds key interest rate because it waits on Ottawa’s fiscal boost The central bank takes a wait-and-see method ...

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Scotia downgrades Home Capital following blistering 35 per cent rally

Home Capital Inc. was downgraded by Scotiabank Thursday following a blistering rally this year. Analyst Phil Hardie downgraded the stock from sector outperformer to sector perform, but maintained his $38 target. Shares were last trading at $35.65 on Thursday, a gain of 5 cents, or 0.14 percent. Home Capital was ...

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How to play the weak natural gas environment in Canada

Energy analysts at TD Securities are pretty pleased with the recent gains in oil prices, particularly simply because they made a contrarian get in touch with February and told clients to overweight the sector because US$30 per barrel crude doesn’t make much sense. However, they highlighted the things they think ...

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Pressure mounts on Lowe’s to up its offer for Rona’s preferred shareholders

The battle for the support of Rona’s preferred shareholders – who in the takeover by Lowe’s are now being offered $20 per share, a $5 discount to the original purchase price – is set to get a a bit more interesting 3 weeks before all parties gather in Montreal to ...

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Goldcorp management changes support new strategy

David Garofalo, the brand new chief executive of Goldcorp Inc., made his first big mark on Wednesday night because the company announced a number of management changes. The moves weren’t an unexpected. Garofalo continues to be talking about decentralizing head office control at Goldcorp and giving the mine managers more ...

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