Tag Archives: Surge

Apple Inc shares will surge to US$240, Carl Icahn says in call for bigger buyback

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Apple Inc., which already announced it had been boosting its capital-return program by US$70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. The market continues to misunderstand the producer of iPhones and iPads and the company\’s shares count US$240, 86 per cent above where they closed Friday, the billionaire activist investor said. That ...

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TSX, Wall Street surge on hopes for Greek aid deal

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TORONTO – United states markets closed solidly higher, using the Nasdaq hitting a new all-time high, amid renewed optimism in Europe that Greece will reach a deal with its creditors and steer clear of a default. The S&P/TSX composite index gained 137.36 suggests 14,790.48, with almost all sectors closing higher, as the loonie was down 0.40 of the U.S. cent ...

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TSX turns lower after three-day surge, Wall Street drops

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Canadian stocks fell, following a three-day rally, as crude prices slipped and investors awaited a resolution to the Greek debt negotiations. Surge Energy Inc. and Suncor Energy Inc. each retreated 3.2 percent to pace declines among energy producers. First Quantum Minerals Ltd. lost 4.7 percent as industrial metals slid. BCE Inc. rose 0.9 percent after saying it will install a ...

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Home Capital shares surge after company provides additional details about mortgage fraud allegations

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Home Capital Group Inc. gave investors some long-awaited details Thursday into a study that saw a large number of brokers terminated for falsifying borrower incomes in mortgage applications. In what ended up being a more than hour long call, management faced a number of questions over the 45 brokers which were cut loose following a study that began this past ...

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