Coles Myer Newswire (Page 5)

Comprehensive Real-Time News Feed for Coles Myer. (Page 5)

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  1. Scotiabank to cut about 1,500 jobsRead the original story w/Photo

    Nov 4, 2014 | 24 Hours

    The country's No. 3 lender Bank of Nova Scotia said on Tuesday it was cutting about 1,500 jobs and booking a pre-tax charge of $451 million, mainly due to bets that have soured in the Caribbean and South America.

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  2. Visa, MasterCard to cut credit card fees in CanadaRead the original story w/Photo

    Nov 4, 2014 | The Globe and Mail

    Visa Canada Corp. and MasterCard Inc. have agreed to reduce their Canadian credit card fees over the next five years, in a move that will lower the rates paid by stores, and is intended to save shoppers money. The two credit card giants, which represent about 90 per cent of the market in Canada, made separate, voluntary proposals to cut so-called interchange fees down to an average rate of 1.5 per cent through 2019.

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  3. People Corporation Announces Expanded Credit Facility That Positions Company for Ongoing GrowthRead the original story

    Nov 3, 2014 | GuruFocus.com

    People Corporation today announced that it has entered into an agreement with its senior lender, Canadian Imperial Bank of Commerce, to significantly expand the capacity, improve the cost effectiveness and enhance the flexibility of its senior credit facility. The new credit facility amounts to a total of $35 million of senior credit availability, a significant increase over the Company's current senior credit facility of $24.5 million.

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  4. Scotiabank to cut about 1,500 jobs, book $451M chargeRead the original story w/Photo

    Nov 4, 2014 | The London Free Press

    The country's No. 3 lender Bank of Nova Scotia said on Tuesday it was cutting about 1,500 jobs and booking a pre-tax charge of $451 million, mainly due to bets that have soured in the Caribbean and South America.

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  5. Is It Time To Buy Gold?Read the original story w/Photo

    Nov 3, 2014 | Seeking Alpha

    Baron Rothschild, who made a fortune after Napoleon was defeated at Waterloo, is credited with the saying: "The time to buy is when there is blood in the streets." In more recent times, Warren Buffett expressed a similar sentiment when he opined: "Be greedy when others are fearful."

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  6. New Market Research Report: Atlantic Trust Private Wealth Management...Read the original story

    Nov 3, 2014 | PR-inside.com

    WealthInsight strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Report Highlights Atlantic Trust Private Wealth Management is a wealth management firm, which offers a broad range of investment management, family office services and wealth advisory services to high-net-worth individuals and wealthy families.

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  7. Catalyst Paper to Buy Coated Paper Mills in Maine and Wisconsin for $74 MillionRead the original story w/Photo

    Oct 31, 2014 | Paper Age

    Catalyst Paper Corporation [yesterday] announced that it has entered into an Asset Purchase Agreement with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company to purchase the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA for consideration of US$74.0 million, subject to certain adjustments . Catalyst intends to finance the acquisition through a combination of advances under its revolving asset-based credit facility , the maximum amount of which is to be increased in connection with the Transaction.

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  8. Catalyst Paper Corporation to purchase paper mills in Maine and WisconsinRead the original story

    Oct 30, 2014 | KCTV5

    To provide additional working capital following the consummation of the Transaction, Catalyst also intends to effect a offering of additional PIK Toggle Senior Secured Notes , which would form part of the same series as Catalyst's outstanding PIK Toggle Senior Secured Notes . Completion of the Transaction is subject to customary closing conditions, including the completion of the previously announced acquisition by Verso Paper Corp. of NewPage Holdings Inc. , the execution of a transition service agreement, materials and service supply agreements, and certain other ancillary agreements relating to the Transaction, and certain regulatory approvals.

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  9. Premium Income Corporation Announces Exchange RatiosRead the original story w/Photo

    Oct 30, 2014 | Market Wire

    Premium Income Corporation is pleased to announce the exchange ratios for the Fund's exchange option with respect to its follow-on offering. Under the exchange option, investors could purchase Units of the Fund, consisting of one Class A share and one Preferred share by way of an exchange of freely tradable shares of the five banks included in the Fund's portfolio and of shares of the National Bank of Canada .

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  10. Online fund for Nathan Cirillo and Patrice Vincent hits $550,000 in just six daysRead the original story w/Photo

    Oct 29, 2014 | National Post

    An online campaign to raise money for the families of Corporal Nathan Cirillo and Warrant Officer Patrice Vincent has quickly surpassed several goals, reaching $550,000 as of Tuesday. The Stand On Guard Fund was created by a group of federal lobbyists and political staffers on Oct. 22, hours after Cirillo was shot and killed at the Canadian War Memorial.

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  11. Insider Selling: Canadian Banc Corp Director Unloads 2,400 Shares of StockRead the original story w/Photo

    Oct 29, 2014 | AmericanBankingNews.com

    Canadian Banc Corp Director S. Wayne Finch unloaded 2,400 shares of the stock on the open market in a transaction dated Friday, October 24th. The shares were sold at an average price of $10.30, for a total value of $24,720.00.

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  12. Canadian Stocks Rise to 3-Week High as Banks, Oil Producers GainRead the original story

    Oct 28, 2014 | Bloomberg

    Canadian stocks rose to a three-week high after banks and energy producers rallied as U.S. Federal Reserve policy makers begin a two-day meeting to determine the course of stimulus. Toronto-Dominion Bank and Canadian Imperial Bank of Commerce rose at least 0.9 percent to lead financial firms higher.

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  13. Fund for families of slain soldiers soars past goalRead the original story w/Photo

    Oct 28, 2014 | Canada.com

    A wreath placed by U.S. Secretary of State John Kerry rests at the National War Memorial in Ottawa on Tuesday, October 28, 2014. An online campaign to raise money for the families of Corporal Nathan Cirillo and Warrant Officer Patrice Vincent has quickly surpassed several goals, reaching $550,000 as of Tuesday.

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  14. Saskatoon's young entrepreneurs offer fresh perspective to businessRead the original story w/Photo

    Oct 28, 2014 | GlobalNews

    Saskatchewan has a strong small business landscape; however, it lacks in the age demographic that is most likely to take the risk to become an owner, according to a recent study. The Canadian Imperial Bank of Commerce ranked the province in a tie for fourth when it comes to providing advantages for small businesses in Canada.

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  15. CIBC Tim Hortons Double Double Visa Card Recognized with Innovation AwardRead the original story

    Oct 27, 2014 | Canada NewsWire

    "We're delighted with the strong response from our clients and from Canadians to the new CIBC Tim Hortons Double Double Visa card," says , Executive Vice-President, Products & Payments, CIBC. "This award from ACT Canada speaks to our leadership in innovating for our clients to enhance their everyday banking experience."

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  16. Laurentian Bank Of Canada: A Fit For Income InvestorsRead the original story w/Photo

    Oct 25, 2014 | Seeking Alpha

    The Canadian banking sector, which has been becoming increasingly popular with investors, is characterized for strong profits, growing and robust dividends which outpace inflation, low Price to Earnings ratios, and a conservative approach to expansion. Investors on both side of the border are familiar with the Canadian banking giants, which include The Bank of Nova Scotia and Toronto-Dominion Bank , Royal Bank of Canada , but a smaller Canadian commercial bank is much less popular with investors.

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  17. Family remembers kind, passionate motherRead the original story w/Photo

    Oct 24, 2014 | Bendigo Advertiser

    The 75-year-old was devoted to her family, garden and music - and while passionate about many things, lived a quiet, private life with her husband, Peter, on the family farm at Wedderburn. The couple's 33 acre property was their sanctuary, and it was there the couple shared a love of gardening and collecting.

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  18. Premium Income Corporation Files Preliminary Prospectus for Follow-on OfferingRead the original story w/Photo

    Oct 23, 2014 | Market Wire

    Premium Income Corporation is pleased to announce that it has filed a preliminary short form prospectus relating to a treasury offering of preferred shares and class A shares. Investors may purchase preferred shares or class A shares by way of cash payment or through an exchange of freely tradable shares of the five banks included in the portfolio and of shares of the National Bank of Canada.

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  19. Press Digest- Canada - Oct 22Read the original story

    Oct 22, 2014 | Reuters

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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  20. CIBC Poll: Being your own boss = longer hours and more stress but...Read the original story

    Oct 22, 2014 | Sys-Con Media

    The tradeoff is that almost half of these entrepreneurs report working longer hours and having higher stress levels. However nine out of 10 entrepreneurs say that even with these factors, they are satisfied with their personal quality of life.

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