TMX Group to reduce fees for securities trading at $1 or higher on TSX
TORONTO - TMX Group Inc. (TSX:X) says it will reduce its trading fees for securities trading at $1 or higher on the Toronto Stock Exchange and the TSX Venture Exchange.
The changes, which will take effect April 1, will replace the current three-tier fee structure with a simpler two-tier st...
Friday , March 19, 2010
Regulators shut banks in Alabama, Georgia, Minnesota, Ohio and Utah; makes 37 this year
WASHINGTON - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.
The closings follow the 140 that succumbed in 2009 to mounting loan defaults and the recession.
The Federal Deposit Insurance Corp. took over Fi...
Friday , March 19, 2010
AbitibiBowater inches towards restructuring with initial approval of union deal
MONTREAL - AbitibiBowater is inching closer towards an exit from creditor protection after some union workers in Quebec approved concession-filled tentative agreements and the newsprint giant moved to sell a B.C. wood and paper mill.
About 1,000 workers at three Quebec mills voted at least...
Friday , March 19, 2010
Liquidation World says it has closed $2-million private-placement financing
BRANTFORD, Ont. - Liquidation World Inc. (TSX:LQW) says it has closed $2 million in private-placement financing with two investment firms run by its own board members.
The Ontario-based liquidator said Friday that both Talon Mezzanine Partners LLC and Oakwest Corporation Ltd. are involved ...
Friday , March 19, 2010
AbitibiBowater to sell Mackenzie, B.C., assets to Conifex subsidiary
MONTREAL - Insolvent newsprint giant AbitibiBowater is unloading more assets as it seeks a Quebec court’s permission to sell its largely idled Mackenzie, B.C., wood and paper mills to a subsidiary of privately-held Conifex Inc. for an undisclosed price.
DTR Wood Acquisition Co. was the suc...
Friday , March 19, 2010
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