WhiteWave Foods Co. Plans to acquire Vega for about US$550 million


WhiteWave Foods Co., the dairy producer known for its Silk milk alternatives, agreed to buy nutrition food company Vega for about US$550 million in cash. The Denver-based company will fund the purchase under its existing US$1 billion revolving credit line, it said inside a statement on Tuesday. Vancouver-based Vega, founded in 2004, sells plant-based powdered shakes and snack bars. It ...

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Health-device maker Fitbit Inc hikes IPO goal by up to 37%


Fitbit Inc., the producer of wearable devices that collect data on exercise and sleep patterns, boosted the target size of its dpo by as much as 37 per cent to US$655.5 million. Fitbit and it is stockholders plan to offer 34.5 million Class A shares for US$17 to US$19 apiece, based on a prospectus filed Tuesday. In the high end ...

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Investors can pay now for Fed rate hike, or pay more later


If the U.S. Federal Reserve leaves interest rates unchanged at its Wednesday policy meeting not surprisingly, it will please lots of equity investors who have greatly benefited from the central bank’s zero rate of interest policy over the past six years. But in other words the old oil filter commercial: Investors will pay now, or pay later. The Fed’s ongoing ...

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What today’s retail sales and inflation data say about the Canadian economy


Data from Statistics Canada on Friday revealed retail sales disappointed in April while inflation was stronger than expected. It was more confusing data about precisely how well the Canadian economy is rebounding following a dismal first quarter, in which gross domestic product shrank an unexpected 0.6%. Nevertheless, listed here are five themes in Friday’s data that Canadians should pay attention ...

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Is political contagion the bigger Greece risk?


Financial contagion is the big concern this morning?as talks between Greece and it is creditors have collapsed for that umpteenth time. Greece is dangling on brink of euro exit – and financial markets are finally getting worried Greece is on the point of economic meltdown as Germany looks poised to push the country out of the eurozone and financial markets, ...

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Global investors are shifting to Europe for better returns


For global investors who can literally go anywhere, developed markets happen to be an attractive place to be during the past few years as a source of both dividend growth and the best risk-adjusted returns. It’s driven a lot of money into U.S. stocks, where valuations are still reasonable and the business cycle continues to be in its middle stage. ...

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TSX sharply lower; New York markets give back chunk of Thursday gains


TORONTO – The Toronto stock exchange finished with a triple-digit loss Friday amid weak commodity prices along with a disappointing read on retail sales that underlined the still-fragile nature of Canada\’s economic recovery. The S&P/TSX composite index closed down 117.52 points at 14,653.12 as oil and metals prices retreated. Meanwhile, Statistics Canada said retail sales fell 0.1 per cent to ...

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Five scenarios for Greece in the coming days


Talks have divided between the Greek government and its creditors and financial markets are panicking about Greece’s fate. Whether Greece leaves the eurozone or not, it is going to a world of pain Chidley: The economic crisis in Greece will deepen, leading to more social unrest. But will the Greeks\’ pain become Europe\’s – and also the world\’s? Continue reading ...

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U.S. markets close higher, but energy stocks fall and Greece hopes waiver


U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece\’s debt crisis showed no clear indications of resolution. The benchmark S&P 500\’s energy sector was dragged down through the biggest slide in oil prices since April after traders were surprised at a report that showed U.S. crude stockpiles rose the very first ...

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AGF results get lukewarm response from analysts


AGF Management Ltd’s latest earnings results showed more improvement in the level of net redemptions at the beleaguered mutual fund giant, but nonetheless not enough to reproduce much investor confidence in the stock’s prospects moving forward. “We have lowered our valuation multiples to reflect the challenges of AGF\’s current environment,” said GMP Securities analyst Stephen Boland inside a note to ...

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