Best financial sourse

August 27, 2014

Why the Tim Hortons-Burger King deal boosted the Canadian dollar today

Filed under: Uncategorized, technology — Tags: , , , — Snowman @ 7:48 pm

The Canadian dollar was higher Wednesday, benefitting from the major deal struck that will see American fast-food giant Burger King buy Canadian coffee-and-doughnut chain Tim Hortons for $12.5 billion.

The loonie rose 0.41 of a cent to 91.72 cents US.

The cash-and-stock deal will see the parent of the U.S. firm, 3G Capital, own 51 per cent of a new company, which will be the world’s third-largest quick service restaurant company.

The loonie has been pushed higher in the past by big corporate deals. That’s because a foreign buyer acquiring a Canadian company will need Canadian currency to close the deal, boosting demand for the loonie on financial markets.

Our double-doubles better not start tasting like double-singles: editorial

Traders also anticipated a strong economic growth update Friday when Statistics Canada releases the June reading on gross domestic product. Economists expect that GDP grew by 0.2 per cent in June, which would translate into annualized growth of 2.6 per cent.

And next Wednesday, the Bank of Canada releases its next decision on interest rates.

On the commodity markets, October crude in New York was up 22 cents to US$94.08 a barrel.

December copper was down a cent to US$3.21 a pound, while December bullion gained $1.30 to US$1,286.50 an ounce.

Source

Compare life insurance quotes for term life and whole life insurance plans. Get free insurance quotes and information.

August 22, 2014

Obama offers new accommodations on birth control

Filed under: finance, management — Tags: , , , — Snowman @ 6:00 pm

WASHINGTON (AP) — The Obama administration will offer a new accommodation to religious nonprofits that object to covering birth control for their employees. The measure allows those groups to notify the government, rather than their insurance company, that birth control violates their religious beliefs.

The government is also extending an existing accommodation to some for-profit corporations like Hobby Lobby that’s currently available only to nonprofits. That accommodation requires groups to sign a form transferring responsibility for paying for birth control to their insurers or third-party administrators.

The dual decisions embrace suggestions included in recent Supreme Court rulings. But they’re unlikely to go far enough to satisfy religious groups. That’s because they would still make the groups complicit in a system that provides birth control through their organizations’ health plans.

Source

Apply online today, its fast, easy and 100% secure. We are the trusted brand for online cash loans.

August 17, 2014

Second autopsy ordered on body of Missouri teen Michael Brown

Filed under: mortgage, online — Tags: , , , — Snowman @ 9:08 pm

FERGUSON, MO.—U.S. Attorney General Eric Holder on Sunday ordered a federal medical examiner to perform another autopsy on the body of a black Missouri teenager whose fatal shooting by a white police officer has spurred a week of rancorous and sometimes violent protests in suburban St. Louis.

Department of Justice spokesman Brian Fallon cited a request by family members and the “extraordinary circumstances” surrounding the case of 18-year-old Michael Brown in explaining decision.

“This independent examination will take place as soon as possible,” Fallon said in a statement. “Even after it is complete, Justice Department officials still plan to take the state-performed autopsy into account in the course of their investigation.”

The Justice Department already had deepened its civil rights investigation of the shooting. Officials said a day earlier that 40 FBI agents were going door-to-door gathering information in the Ferguson, Missouri, neighbourhood where an unarmed Brown was shot to death in the middle of the street on Aug. 9.

David Weinstein, a former federal prosecutor who supervised the criminal civil rights section of Miami’s U.S. Attorney’s office, said a federally conducted autopsy “more closely focused on entry point of projectiles, defensive wounds and bruises” might help that investigation, and that the move is “not that unusual.”

He also said federal authorities want to calm any public fears that no action will be taken on the case.

Holder’s latest announcement followed the first night of a state-imposed curfew in Ferguson, which ended with tear gas and seven arrests after police dressed in riot gear used armoured vehicles to disperse defiant protesters.

Missouri State Highway Patrol Capt. Ron Johnson said protesters weren’t the reason for the escalated police reaction early Sunday morning after the midnight curfew took effect, but a report of people who had broken into a barbecue restaurant and taken to the roof, and a man who flashed a handgun in the street as armoured vehicles approached the crowd of protesters.

Also overnight, a man was shot and critically wounded in the same area, but not by police; authorities were searching for the shooter. Someone also shot at a police car, officials said.

The protests have been going on since Brown’s death heightened racial tensions between the predominantly black community and mostly white Ferguson Police Department, leading to several run-ins between police and protesters and prompting Missouri’s governor to put the Highway Patrol in charge of security.

Ferguson Police waited six days to publicly reveal the name of the officer and documents alleging Brown robbed a convenience store before he was killed, though Chief Thomas Jackson said the officer did not know Brown was a suspect when he encountered him walking in the street with a friend.

Scott Olson / GETTY IMAGES

People wait for reaction from police after they refused to honour the midnight curfew on Aug. 17.

Gov. Jay Nixon, who imposed the curfew after declaring a state of emergency as protests turned violent to start the weekend, said Sunday morning on ABC’s “This Week” that he was not aware the police were going to release surveillance video from the store where Brown is alleged to have stolen a $49 box of cigars.

“It’s appeared to cast aspersions on a young man that was gunned down in the street. It made emotions raw,” Nixon said.

In announcing the curfew, Nixon said many protesters were making themselves heard peacefully but the state would not allow looters to endanger the community. Johnson, the Highway Patrol captain, had said police would not enforce the curfew with armoured trucks and tear gas and would communicate with protesters and give them ample opportunity to leave. Local officers faced strong criticism earlier in the week for their use of tear gas and rubber bullets against protesters.

As the curfew deadline arrived early Sunday, most protesters left the streets, but those who remained protesters refused to leave the area as officers spoke through a loudspeaker: “You are in violation of a state-imposed curfew. You must disperse immediately.”

As officers put on gas masks, a chant from the distant crowd emerged: “We have the right to assemble peacefully.”

A moment later, police began firing canisters into the crowd. Highway Patrol Spokesman Lt. John Hotz initially said police only used smoke, but later told The Associated Press they also used tear gas canisters.

Source

August 16, 2014

Skateboarding legend Jay Adams dies of heart attack at age 53

Filed under: canada, news — Tags: , , , — Snowman @ 6:12 am

LOS ANGELES, CALIF.—Jay Adams, the colorful rebel who helped transform skateboarding from a simple street pastime into one of the world’s most spectacular sports — with hair-raising stunts and an outsized personality to match — has died at age 53.

Adams died of a heart attack Thursday during a surfing vacation in Mexico with his wife and friends, his manager, Susan Ferris, said Friday.

With his flowing, sun-bleached hair, explosive skating style and ebullient personality, Adams became one of the sport’s most iconic figures during the years it moved from empty backyard swimming pools to international competition.

“He was like the original viral spore that created skateboarding,” fellow skateboarder and documentary filmmaker Stacy Peralta told The Associated Press on Friday. “He was it.”

But at the height of his fame in the early 1980s, Adams was convicted of felony assault, launching a string of prison stints over the next 24 years.

The member of the Skateboarding Hall of Fame, who had proudly been clean and sober for the past several years, blamed his troubles in part on the sport’s early years, when seemingly any outrageous behaviour was tolerated.

“We were wild and acting crazy and not being very positive role models,” he told The New York Times shortly after being released from prison for the last time in 2008.

He had rocketed to fame while still a teenager as a founding member of the Zephyr Skate Team, a group of surfers turned skateboarders who came together in a rundown, dicey neighbourhood known as Dogtown that straddles Los Angeles’ Venice Beach and the city of Santa Monica payday loan.

Peralta, another member, would memorialize the group in his 2001 documentary “Dogtown and Z-Boys.”

“Watching him when he was 14, 15, 16 was pure entertainment,” the filmmaker recalled Friday. “It was like watching energy itself evolve. You never knew what he was going to do, and no matter how great he was at something, he never repeated it.”

Although he wasn’t technically the best skater out there, Peralta said, Adams’ influence on the sport was as great as that of X Games gold medallist Tony Hawk.

Adams never became quite the household name Hawk is, perhaps in part because of his repeated brushes with the law.

When “Dogtown and Z Boys” premiered in 2001, he was in jail again, this time doing time on a drug charge.

About the time the 2005 feature film “Lords of Dogtown” would hit theatres, Adams, who was played by actor Emile Hirsch, was being busted for drugs again.

Upon his release, he vowed to stay out of trouble — and he did.

Peralta said he last saw Adams at a dinner gathering about six weeks ago.

“He was the first person to show up at the dinner table, which was remarkable, and he was drinking hot tea, which was even more remarkable,” he said. “He had really turned a corner.”

Source

August 14, 2014

Sagging European economies crimp stock markets

Filed under: business, economics — Tags: , , , — Snowman @ 5:48 pm

HONG KONG (AP) — A contraction in Germany’s economy and stagnation in France dragged on European stocks Thursday while Asian markets ended mixed.

KEEPING SCORE: France’s CAC 40 lost 0.4 percent to 4,176.03 and Germany’s DAX shed 0.4 percent to 9,164.92. Britain’s FTSE 100 edged up 0.1 percent to 6,661.95. U.S. shares were set to drift lower, with Dow futures slipping 0.1 percent to 16,606. S&P 500 futures dipped 0.1 percent to 1,943.60.

ASIA’S DAY: Japan’s benchmark Nikkei 225 rose 0.7 percent to close at 15,314.57 and Australia’s S&P/ASX 200 ended 0.6 percent higher at 5,548.50. South Korea’s Kospi was practically unchanged at 2,063.22. But Hong Kong’s Hang Seng lost 0.4 percent to 24,801.36, after swinging between gains and losses for most of the day. The Shanghai Composite in mainland China followed the same pattern, down 0.7 percent to 2,206.47.

EUROPE SAGS: The latest growth figures from two major economies cast doubt over Europe’s recovery. The Germany economy lost momentum, shrinking by 0.2 percent in the April-June period, while the French economy stagnated for second straight quarter, official reports showed.

CHINA ECONOMY: Benchmarks in Hong Kong and Shanghai declined a day after disappointing data on the Chinese economy left investors fretting that authorities in Beijing were comfortable with slowing growth and would refrain from further stimulus. Fixed investment and industrial production for July slowed, though the big surprise was the sharp drop in loan growth, which Rabobank analyst Michael Every called “shockingly low bad credit payday advance.”

PC PROFITS: No. 1 personal computer maker Lenovo Group failed to hold on to gains after reporting quarterly profit rose 23 percent on stronger sales of smartphones and other mobile devices, with shares down 1.6 percent. China Mobile, the world’s biggest wireless carrier by subscribers, rose 0.7 percent even as the state-owned company reported first half profit fell 8.5 percent as it continued to roll out fourth-generation phone service.

US CUES: Investors are looking ahead to more hints on the health of the global economy with the release of U.S. unemployment benefit applications later Thursday. They come a day after U.S. retail sales edged up a tiny amount compared with the month before, fueling hopes that the Fed will maintain stimulus.

ENERGY: Benchmark crude oil for September delivery was down 27 cents to $97.31 in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, fell 60 cents to $104.46 in London.

CURRENCIES: The euro rose to $1.3380 from $1.3365 in late trading Thursday. The dollar was little changed at 102.41 yen from 102.42 yen.

Source

August 11, 2014

U.S. Bank closes on financing for Arcade building rehab

Filed under: management, mortgage — Tags: , , , — Snowman @ 10:40 am

U.S. Bank has closed on more than $77 million in several tax credit financing packages for the redevelopment of the Arcade building downtown.   

The Minneapolis-based bank, which announced the closure of financing Monday, invested $77 million in the century-old building at 800 Olive Street, through federal New Markets Tax Credits, federal and state historic tax credits and federal low-income housing tax credits. The bank’s U.S. Bancorp Community Development Corporation subsidiary is based in downtown St. Louis. 

Dominium Development, the Minneapolis-based developer on the $116 million project, is converting two lower floors of the 18-story, 500,000 square foot building to classroom space for Webster University and upper floors into 282 market rate and affordable-housing apartments for artists no credit check payday loans. The project also includes more than 13,000 square feet of artist studio space.

“Tremendous persistence, commitment and a deep desire to support the emergence of downtown St. Louis as an arts and innovation community kept our team motivated to make this development come to fruition,” Zack Boyers, chairman and chief executive officer of USBCDC said in a statement.

Webster University will move in as early as December 2015 and construction on the remaining space will finish in January 2016, U.S. Bank said.

Source

August 9, 2014

Financial health can be a matter of time, not smarts

Filed under: Uncategorized, management — Tags: , , , — Snowman @ 6:28 pm

Conventional wisdom says the more you know about personal finance, the better off you’ll be at managing your money.

But a new survey suggests that knowledge alone is not enough. For your finances to be in good shape, you also need to be aware of something else: your attitude toward time.

Dwell too much on the past, present or future, and you could make decisions that are bad for your financial health, even if you know to do otherwise.

“Ideally, we’d all have happy memories, take time out in the present and plan for the future. But if you get out of whack in any one of those, bad things can happen,” said Nick Clements, co-author of the study and co-founder of MagnifyMoney, which reviews credit cards and other bank products.

Survey participants had to complete a “time personality” quiz developed by Philip Zimbardo, a professor emeritus of psychology at Stanford University and co-author of the study.

Participants were also scored on their financial smarts (say, whether they could calculate compound interest) and the state of their finances (for example, had they ever filed for bankruptcy). In all, 3,000 people in six countries, including Brazil, Germany and the U.S., participated.

The results showed that, despite your financial know-how, your time personality has a lot to do with how well you manage your money. Someone, for example, whose personality skews toward living it up today is often financially sick. You may understand how compound interest works, but the knowledge doesn’t help if you habitually overspend your paycheck.

On the flip side, you may think primarily about the future. But people who are too goal-oriented are often so harried by career and other obligations that they have little time to think through their financial options.

“It may be on your to-do list to buy insurance or invest in your 401(k),” Clements said. “But because you don’t have enough time, you rush through and make bad decisions.”

You might assume that young adults would fall into the camp of people who think too much about the present, the so-called hedonists, according to the survey. But that was not the case.

In fact, 25.3 percent of millennials have a past-negative personality: This group came of age about the time of the 2007-09 financial crisis, and the experience, colored by home foreclosures, big stock market losses and high rates of unemployment, dominates their financial decision-making.

In comparison, only 16.5 percent of baby boomers (people born from 1946 to 1964) were past negative in the study.

To get a sense of what your time personality is, take the quiz at magnifymoney.com/timeperspective. After answering the questions, you’ll see where you fall on the time personality spectrum.

What if the results show you’re past negative? According to the survey, most millennials don’t rate themselves as being money-savvy. But those who land in this group tend to be financially healthy because they’re not taking the kinds of risks that can lead to bankruptcy or other money catastrophes.

Just keep in mind that too much caution can be a bad thing.

Without some risk, you may never be hired for that dream job or grow your savings into a comfortable nest egg. (A fact that young adults might appreciate more if they had more financial knowledge.)

Similarly, you don’t want to be so financially conservative that you forgo having any fun today.

Said Clements: “Think of Ebenezer Scrooge, sitting on a pile of gold coins. He is financially healthy, but you probably don’t want to be him.”

Carolyn Bigda is a columnist for the Chicago Tribune.

Source

August 5, 2014

Funeral homes sues family of teen killed at parade

Filed under: Uncategorized, loans — Tags: , , , — Snowman @ 12:12 am

The family of the Brampton teen killed during last year’s Toronto Caribbean Carnival is being sued by a funeral home for what it claims is an unpaid debt of more than $15,000 from his extravagant burial service.

The total bill for the funeral at Scott Funeral Home in Brampton was $28,856.62, including $2,725 for limousines and other vehicles in the funeral procession, a $3,995 casket, $4,400 in catering and almost $1,500 in flowers. The invoice also included a $199 fee for an online obituary DVD and $999 for custom printing.

The relatives, in a statement of defence, claim that days after Rueshad Grant’s accidental death, Scott Funeral Home “induced” them to spare no expense by telling them that a lawsuit would pay for everything.

Neither side’s allegations have been tested in court.

Arbor Memorial, which owns the funeral home, did not respond specifically to the Star’s questions.

“Options and choices are presented and families choose what is meaningful to them,” vice-president Gary Carmichael wrote in an email. “For privacy reasons we do not discuss the specifics of any family’s arrangements with the media.”

Grant was killed when he was pulled under a float during last summer’s grand parade. Because the incident was considered a motor vehicle accident and no one in Grant’s family had car insurance, the only money for funeral costs came from the float driver’s insurance company, said the family’s lawyer, Rishi Singh Bhasin.

The family paid the funeral home $13,300, according to Arbor Memorial’s statement of claim. The family says $6,000 of that was received from the insurance payout and the balance was put on Rueshad’s grandmother’s credit card.

“It’s still being paid off,” said the teen’s mother, Shaundel Ramessar, who hasn’t been able to return to her job cleaning rooms at the Radisson since her son’s death.

In the statement of claim filed in Brampton in April, Scott Funeral Home is demanding Grant’s stepfather and grandmother pay the outstanding $15,556.62, plus $2,537.66 in interest.

Arbor Memorial’s statement of claim asserts that the company “contracted with the defendant to provide funeral services for the late Rueshad Grant . . . (and) therefore claims against the defendant the sum of $18,094.28,” along with any further interest and Arbor’s legal costs.

“From our understanding, we would have time to pay it off,” Ramessar told the Star in an interview. “Then they started running us down for the payments. At that time we weren’t expecting all this to happen. It was just a shock to us.”

In the statement of defence, the family alleges that an employee of the funeral home “advised the mother of deceased, Shaundell Grant, and (his step father) Robert Grant, that he knew a lawyer that could obtain a very large settlement for the Grants with the Scotia Bank and the City of Toronto.”

It goes on to allege that, “The actions of (the employee) were extremely deceptive and constitute a fraudulent misrepresentation … (The relatives) were vulnerable due to the recent loss of their family member and as a result were more receptive to the statements.”

Even before the funeral, the family publicly expressed doubts that they would be able to afford it, and called on parade organizers for help.

At the time, Stephen Weir, a spokesperson for the Caribbean Carnival, said the organization was seeking to help the family. Last week, Weir would not say whether any money had been paid out.

Ramessar says they received no assistance and were soon inundated with calls from a collections agency.

“We paid what we had, and here it is — 28 per cent (interest) that they added onto the balance. It’s just crazy.”

In 2007, a man lost his leg in a similar incident when he fell from a float and was dragged under the truck.

“Caribana is supposed to be a fun event,” Ramessar said. “It shouldn’t be a tragedy for anyone.”

The Grant family has filed a wrongful-death lawsuit against the organizers of the parade for “several million dollars,” Bhasin said, but don’t expect to see any money for years. The final settlement is also likely to be far less, he said.

Source

July 31, 2014

Purina’s new natural brand has ’super foods’ for pets

Filed under: loans, term — Tags: , , , — Snowman @ 2:16 am

Nestlé Purina PetCare’s new brand of dog and cat food, Beyond, features natural ingredients, including ’super foods’ such as sweet potato and pumpkin. 

St. Louis-based Purina, a division of Swiss-based Nestlé, said Wednesday that the new Beyond line of natural dog and cat foods are made from meat, poultry or fish as the number one ingredient, with no corn, wheat, soy, poultry by-product meal or added artificial colors, flavors or preservatives.

Beyond’s ingredients include nutrient rich ’super foods’ such as salmon, sweet potato, pumpkin and cranberries, the company said when announcing the new brand. 

Beyond is being rolled out nationwide at mass and grocery retailers and at pet specialty stores. 

Source

July 26, 2014

Nevada gambling revenue jumps 14 percent in June

Filed under: business, technology — Tags: , , , — Snowman @ 5:20 am

LAS VEGAS • Nevada officials say casino revenues shot up more than 14 percent in June thanks to a banner month on the Las Vegas Strip.

The state Gaming Control Board reported Friday that Nevada casinos brought in about $907 million in June.

Las Vegas Strip casinos pulled in $532 million in June, up more than 22 percent from the same month a year ago. Downtown Las Vegas casino revenues of $41million were up 12 percent.

Reno casino revenues of $48 million were down 3 percent compared with June 2013, while South Lake Tahoe casinos brought in $12 million and were down 2 percent payday loans.

The state collected $44 million in taxes based on the June winnings, which is up less that 1 percent compared with a year earlier.

Source

Newer Posts »

Powered by WordPress