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(Bloomberg) -- Shares of SNC-Lavalin Group Inc. surged amid optimism Justin Trudeau’s election win may pave the way forward for the embattled engineering firm.Montreal-based SNC jumped as much as 12%, the most since Sept. 10, after Prime Minister Trudeau’s Liberal Party won a second term to lead Canada with a minority government. The company found itself in the middle of Canada’s biggest political crisis in years after the country’s ethics watchdog found Trudeau pushed for the company avoid a criminal trial over its dealings in Libya.When asked whether a so-called deferred-prosecution agreement is more likely with the Trudeau Liberals back in power, Finance Minister Bill Morneau said on BNN Bloomberg TV Tuesday: “That’s a continuing discussion that the justice minister will have to have.”Trudeau has always said his interest in SNC’s fate was based on his desire to avoid job losses.Expect Bigger Deficits and Energy Risk Under a Trudeau MinorityPrior to...
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses......
Nordstrom is opening a massive women's flagship store in Manhattan. Customers can expect shoes to play a starring role in the new store. Nordstrom's President of Stores Jamie Nordstrom joins Yahoo Finance to discuss what shoppers can look forward to, the outlook for brick-and-mortar, and more....
Buying a low-cost index fund will get you the average market return. But across the board there are plenty of stocks......
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com......
The flight shaming movement might have taken root in parts of Europe but not all airlines are seeing an impact. Activists like 16-year-old Greta Thunberg have helped propel the role of aviation in climate change to the top of the political agenda. Consumer behavior, however, can lag behind and at Nordic airline Finnair, there has […]...
(Bloomberg Opinion) -- The holiday shopping season is a crucial stretch for virtually every retailer. But it’s especially important this year for Kohl’s Corp. — for its own sake, and as part of the industry’s larger challenge of figuring out how to make the department store relevant in the digital era.In general, Kohl’s is playing with a better hand than some of its closest rivals in the category. But it’s undeniable that the chain got off to a rough start this year. Comparable sales sank 3.4% from a year earlier in the first quarter, a result that was far below analyst estimates and that forced the chain to slash its annual earnings guidance. It recorded yet another decline in comparable sales in the second quarter, with weakness in the home goods, footwear and women’s apparel departments contributing to the gloom.The company has promised the back half of the year will look significantly better...
