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Tag Archives: raises

General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend


DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

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Deal to privatize Opta Minerals raises concerns for minority shareholders


Welcome to Canada, where it seems the rules as practiced favour issuers, insiders and the agents who service them. The rights of shareholders, the other group required for capital formation, seem a long way down the list — and further down when minority shareholders are the spotlight. The latest example …

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Amazon.com Inc raises minimum order size for free shipping in U.S. in push to convert shoppers to Prime service


Amazon.com Inc. is increasing the minimum order size for free shipping to US$49 from US$35, a step that could encourage more consumers to sign up for Prime, the online retailer’s annual service that includes two-day deliveries. The benefit of getting more people to sign up for Prime services —for US$99 …

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Bank of Canada deputy governor raises red flag on rising household debt, but says system is ‘resilient’


OTTAWA — The threat increasing household debt presents to Canada’s economy — and the country’s financial system, in particular — is continuing to grow, and at an ever-worrying pace. The rising risks to heavily-indebted borrowers, those who have taken advantage of ultra-low interest rates following the 2008-09 recession, would be …

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Magna International Inc raises dividend, but earnings hit by strong American dollar


AURORA, Ont. — Magna International Inc. (TSX:MG) says the strong American dollar had a significant negative impact on its fourth-quarter revenue, which is reported in U.S. currency. The Canadian autoparts giant based in Aurora, Ont., says its sales for the last three months of 2015 were $8.6 billion, down three …

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