9°c Light rain showers
16°c Variable cloudiness
Winnipeg Free Press - PRINT EDITION
Business Watch
Jory suspension lifted
THE Manitoba Securities Commission has lifted Jory Capital Inc.'s suspension that had been imposed when the firm failed to maintain sufficient capital and the firm is now in the process of restructuring.
Patrick Cooney, founder and CEO of Jory, said the firm wants to continue to offer independent advice but wants to get out from under the compliance burden it has been subjected to after a track record of consistently bumping up against the regulatory thresholds. He said the idea is to get out of the brokerage business, but however it plays out, he said Jory clients will be well looked after.
Last month, the Investment Industry Regulatory Organization of Canada, which oversees investment dealers, suspended the firm, but a provincial securities commission panel recently lifted that suspension without providing written reasons.
Cooney said details of the restructuring are in the process of being finalized and the firm will hold an open house for clients and the general public at the Caboto Centre on Wilkes Avenue, Wednesday at 6 p.m. to discuss the changes.
New Flyer gets new orders
NEW Flyer Industries Inc. is continuing to fill its order book.
This time, the Nashville Metropolitan Transit Authority has awarded New Flyer a contract for 70 (140 equivalent units or EUs) Xcelsior diesel-electric hybrid 60-foot articulated heavy-duty buses.
The three-year contract, with two years of renewable options, contains a firm order for 10 buses (20 EUs) with options for an additional 60 buses (120 EUs). Nashville is a new customer for New Flyer and has an active fleet of approximately 150 heavy-duty transit buses.
Last week, the Winnipeg busmaker signed a contract with Alameda Contra Costa Transit in Oakland, Calif., for the purchase of 23 (46 EUs) Xcelsior diesel 60-foot heavy-duty articulating buses.
That order was placed using options from another U.S. transit authority. The original contract, signed June 4, enables the assignment of up to 155 options of which 130 still remain after this procurement and are currently included in New Flyer's backlog.
Those two orders were preceded earlier this month by firm orders for 51 buses to transit authorities in Waterloo and Rochester, N.Y. Those orders carry options that could total as many as 252 buses over five years.
-- staff
Republished from the Winnipeg Free Press print edition November 22, 2012 B7
More Business
- Back to Top
- Return to Business
More Business
(1 of 50 articles for today)
Slim, Mexico's biggest broadcaster take fight to soccer field
10:59 PM 0
Poll
Most Popular Business
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Yahoo buys blogging forum Tumblr for $1.1 billion in boldest move yet under CEO Marissa Mayer
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- United Airlines resumes 787 flights after 4-month halt, with flight from Houston to Chicago
- Hundreds of tons of New Zealand meat stranded at Chinese ports over certification dispute
- Bridging the gap
- Consumer watchdog: most sunscreens meet FDA standards, but questionable SPF ratings persist
- Senators working on immigration bill would require fingerprinting at 30 busiest airports
- Ex-'Pegger seeks to grow local businesses
- Transcona transformation
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Driving downtown development
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Lakeview pumped about Hecla resort
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Microsoft update to address Windows 8 complaints, confusion will be free; to be called 8.1
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- 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
- More than a new boss
- Ex-'Pegger seeks to grow local businesses
- SNC-Lavalin says former executive's illegal actions justify firing
- There are lots of I's in 'team'
- Buyer beware in online auto sales: experts
- Harper heads to South America to check out membership in new trade group
- US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default
- Transcona transformation
- Diversification spurs Exchange Income's growth
- Ex-'Pegger seeks to grow local businesses
- Driving downtown development
- Late deal in workplace sex-harassment case
- Bridging the gap
- There are lots of I's in 'team'
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- More than a new boss
- CEO, execs terminated at TCIG
- Transcona transformation
- New structure to be king of downtown?
- 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
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
- Local firms seek Competitive Edge in aerospace industry
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.