11°c Overcast
18°c Light rain
Winnipeg Free Press - PRINT EDITION
Business Watch
Great-West profits slip
WINNIPEG -- Canada's second-largest insurer, Great-West Lifeco Inc. (TSX:GWO) is reporting second-quarter profits that slipped from a year ago but managed to beat analysts' expectations by three cents per share.
The Winnipeg-based insurance giant said Wednesday net earnings attributable to common shareholders were $491 million, or 51 cents per diluted share, during the quarter.
That fell from a profit of $526 million, or 55 cents per share, during the same quarter of 2011.
The average analyst estimate had been for earnings of 48 cents per share, according to Thomson Reuters.
Who is that 'friend'?
NEW YORK -- Facebook says there may be as many as 83 million false or duplicate accounts on its website -- or 8.7 per cent of its 955 million monthly active users.
In May it estimated five to six per cent were such accounts.
Accounts that Facebook terms "undesirable," such as those used for spamming, represent about 1.5 per cent of the total.
Playbook finally arriving
RESEARCH In Motion is launching its new PlayBook tablet for advanced networks that provide a faster Internet experience, giving the Canadian tech company an updated product to sell before its new smartphones come to market.
RIM's latest PlayBook, which was originally to be launched last fall, will now be launched next week -- in Canada first.
The 4G LTE PlayBook tablet computer will be available Aug. 9 at Rogers (TSX:RCI.B), Bell (TSX:BCE) and Telus (TSX:T) -- Canada's three largest carriers. Telus said it will sell for $549.99.
Enbridge reassures B.C.
CALGARY -- Pipeline and utility company Enbridge is confident it can meet all of the safety demands by the B.C. government for the company's proposed Northern Gateway pipeline project, chief executive Patrick Daniel said Thursday.
The B.C. government said last month the company must include "world-leading" plans to prevent and respond to a marine or land oil spill and ensure aboriginal rights are addressed in order to win the province's support.
Telus consolidation rocky
A dissident investor has requested a meeting of Telus's voting shareholders to call for a premium for their support in consolidating the telecom company's shares, a proposal Telus dismissed as the U.S. hedge fund's latest "nuisance play" to interfere with its plans.
U.S. hedge fund Mason Capital has requested a special meeting to allow the voting shareholders to approve a minimum acceptable premium of 4.75 per cent.
Mason said without the premium, the consolidation will unfairly favour non-voting shareholders.
Target sees upswing
MINNEAPOLIS -- Discount retailer Target Corp. said Thursday a key revenue measure rose more than expected in July, as more shoppers visited its stores and spent more on their purchases.
The Minneapolis-based chain said revenue at stores open at least a year rose 3.1 per cent in the four weeks ended July 28. The increase was greater than Wall Street predicted. Analysts surveyed by Thomson Reuters expected 2.7 per cent growth.
-- from the news services
Republished from the Winnipeg Free Press print edition August 3, 2012 B8
More Business
- Back to Top
- Return to Business
More Business
(1 of 50 articles for this week)
Bernanke says computer revolution likely to provide various future gains to economic growth
05/18/2013 2:56 PM 0
Poll
Most Popular Business
- Ex-'Pegger seeks to grow local businesses
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Bridging the gap
- Buyer beware in online auto sales: experts
- Gen X, young boomers up against retirement wall
- Weekend of spending expected
- Beckham: The Brand
- Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment
- Feds trim the beef from research
- The ready-made solution evolution
- Transcona transformation
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- Driving downtown development
- Winnipeg's got the REIT stuff
- McDonald's adding 3 new Quarter Pounders as it phases out third-pound Angus burgers
- Flight attendants union calls $50 million Air Canada cuts premature
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Emergency manager reveals Detroit is nearly broke; city may have no choice except bankruptcy
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Bridging the gap
- Ex-'Pegger seeks to grow local businesses
- Late deal in workplace sex-harassment case
- Transcona transformation
- Winnipeg's got the REIT stuff
- CEO, execs terminated at TCIG
- Diversification spurs Exchange Income's growth
- Driving downtown development
- Late deal in workplace sex-harassment case
- There are lots of I's in 'team'
- Ex-'Pegger seeks to grow local businesses
- City to get a touch of glass
- Bridging the gap
- Transcona transformation
- New structure to be king of downtown?
- MacDon on the block?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Carney says touching Canadian deposits "hard to fathom" in a new bail-in scheme
- Winnipeg Boeing plant set to expand
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.