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Canadian Press

Mon, Jan 27th, 2020
HBC says new valuation has determined that takeover offer is fair for shareholders

TORONTO — A special committee of Hudson Bay's board is reaffirming its endorsement of a buyout of shares to take the company private after receiving an updated valuation, one of the conditions of a deal...

HBC.TO : 10.93 (+0.18%)
Countries evaluate evacuation of citizens in virus epicenter

BEIJING — Countries with citizens in the central Chinese city that's the epicenter of a viral outbreak are planning evacuations as the number of illnesses grow and China takes drastic measures to try...

NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up

NEW YORK — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike that made the so-called...

Mexico anti-obesity activists win fight for food warnings

MEXICO CITY — After a decade of fighting for stronger food labeling standards in one of the most obese countries in the world, Mexican activists celebrated Monday over a new rule that will require warning...

California tests find illegal vapes tainted with additives

LOS ANGELES — California officials announced Monday that marijuana vape cartridges seized in illegal shops in Los Angeles contained potentially dangerous additives, including a thickening agent blamed...

New assessment shows 450 structures damaged by Houston blast

HOUSTON — An updated assessment released Monday of the impact of a massive explosion at a warehouse in Houston that killed two workers and injured 20 others shows that 450 structures, mostly homes, were...

Business Highlights

___

How major US stock indexes fared Monday

Stocks closed sharply lower on Wall Street Monday as the potential economic impact of the outbreak of a new virus from China continued to weigh on global markets.

Wynn, Nike, fall; D.R. Horton, CenterState rise

NEW YORK — Stocks that moved heavily or traded substantially on Monday:

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:

BBD-B.TO : 1.20 (-1.64%)
BTE.TO : 1.47 (-3.92%)
MFC.TO : 26.44 (-2.58%)
CVE.TO : 11.53 (unch)
ENB.TO : 53.81 (-0.28%)
CPG.TO : 4.51 (-5.65%)
RFP.TO : 5.29 (-0.56%)
STLC.TO : 9.39 (-6.47%)
Labatt acquires B.C. distillery known for ready-to-drink alcoholic beverages

TORONTO — Labatt Breweries of Canada has acquired a Delta, B.C.-based distillery known for its ready-to-drink alcoholic beverages — a growing segment in a struggling beer market.

Stocks tumble...Tourism companies hit hard...Fed feeling satisfied

NEW YORK (AP) — U.S. stocks are tumbling following a sell-off in markets in Europe and Japan after China announced a sharp rise in cases of a new virus that threatens to crimp global economic growth....

Dumping probe in India expected to add to Canadian newsprint industry woes

CALGARY — A financial analyst says the long-struggling Canadian newsprint industry has even tougher times ahead given recent events including a potential anti-dumping investigation in India.

RFP.TO : 5.29 (-0.56%)
Ex-broker charged with fraud blames sloppy paperwork

SCRANTON, Pa. — A former Pennsylvania financial planner who was ordered to pay millions of dollars in damages to customers he allegedly tricked into high-risk investments took the stand at his criminal...

Britain's EU Journey: When Brexit won the battle of Europe

LONDON — Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum.

UK faces choice on Huawei with global implications

LONDON — Britain faces a crucial choice on Tuesday over whether to allow China's Huawei Technologies to build its next-generation wireless networks.

Prince Andrew called unco-operative in Jeffrey Epstein probe

NEW YORK — A U.S. prosecutor overseeing the Jeffrey Epstein sex trafficking investigation said Monday that Britain's Prince Andrew has been unco-operative in the inquiry so far.

Delta Air Lines worker fatally shot in employee parking lot

COLLEGE PARK, Ga. — A Delta Air Lines employee was shot in a company parking lot and later died on the way to a hospital, police said Monday.

Grains lower, livestock lower.

Grain futures were lower Friday in early trading on the Chicago Board of Trade.

Technology, data, starting to transform commercial real estate: survey

TORONTO — A new report says technology and data are finally shaking up the world of commercial real estate, allowing the industry to make more informed decisions and take on more complex projects.

Chart of the Day

Emerging Markets Ishares MSCI ETF (EEM)

The Barchart Chart of the Day belongs to the Emerging Markets ETF (EEM). I had a 100 day moving average stop loss on both the Emerging Markets ETF (EEM) and the Frontier Markets ETF (FM) and the EEM stop loss triggered. The iShares MSCI Emerging ...
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