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Financials News

Manulife profit falls 56% on insurance sales decline

Manulife profit falls 56% on insurance sales decline

Manulife Financial Corp. has reported a drop in first-quarter profit to $540 million, less than half the amount the insurer earned in the same period last year, dragged down by a steep...
Jacqueline Nelson, The Globe and Mail
Posted on 5-02-2013 at 7:17 AM
Citi taps wealthy family clients to boost private bank

Citi taps wealthy family clients to boost private bank

Citigroup Inc, one of the world's largest banks, is betting on wealthy Middle Eastern family firms who are in expansion mode to boost its private bank business, senior executives said.
Dinesh Nair, Reuters
Posted on 5-02-2013 at 2:22 PM
Matt McCall, President, Penn Financial Groupplay

MasterCard profit rises 12%, revenue misses

MasterCard Inc., the world's second-largest credit and debit card network, reported a higher-than-expected rise in quarterly profit as more people used credit and debit cards instead of...
Tanya Agrawal, Reuters
Posted on 5-01-2013 at 10:46 AM
Symantec shares plunge, traders see mini 'flash crash'

Symantec shares plunge, traders see mini 'flash crash'

Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash...
Ryan Vlastelica, Reuters
Posted on 4-30-2013 at 2:19 PM
Bank of Canada governor decision to happen soon: Flaherty

Bank of Canada governor decision to happen soon: Flaherty

A new governor for the Bank of Canada to replace Mark Carney will be named soon, but not necessarily by the end of April as the government initially indicated, Finance Minister Jim Flaherty...
Louise Egan and David Ljunggren, Reuters
Posted on 4-29-2013 at 4:21 PM
Paul Bagnell reportsplay

Short interest in Canadian banks soars: Scotia

Short positions in Canada's banks are at levels not seen since before the Lehman Brothers' collapse in 2008 and significantly higher than their U.S. peers, says Scotiabank analyst Kevin...
Scott Anderson, BNN.ca
Posted on 4-29-2013 at 11:58 AM
TSX rises, led by Valeant, rebounding resource stocks

TSX rises, led by Valeant, rebounding resource stocks

Canada's main stock index gained three-quarters of a percent on Monday in a broad-based move after Italy ended months of political uncertainty with the formation of a coalition government.
Alastair Sharp, Reuters
Posted on 4-29-2013 at 4:28 PM
Herbalife posts higher profit, raises 2013 forecast

Herbalife posts higher profit, raises 2013 forecast

Nutritional products company Herbalife Ltd on Monday reported higher quarterly net earnings and raised its full-year profit forecast, fueled by strong demand around the world.
Martinne Geller and Lisa Baertlein, Reuters
Posted on 4-29-2013 at 5:02 PM

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