Royal Bank
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That vandal who spray-painted bank machines in downtown Toronto? Probably a disgruntled Royal Bank shareholder. Hurt by the high dollar and weaker-than-expected trading revenue, Canada's biggest bank posted second-quarter profit that missed estimates, prompting analysts to downgrade the stock. Hey, when you only make $1.33-billion, don't expect people to be happy. |
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Downsides of visiting Africa: 1) Being eaten by a pack of hyenas; 2) Catching malaria. 3) Having your mining rights abruptly pulled. In what First Quantum called an "obvious retaliation" for its decision to seek international arbitration on another cancelled project, a court in Democratic Republic of the Congo annulled licenses on its Frontier and Lonshi copper mines. The shares have fallen down a mine shaft. |
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Who has time to read books when you can fill your days tweeting about what you ate for lunch and watching YouTube clips of people armpit-farting The Star-Spangled Banner? Maybe that explains why sales at Borders Group, the second-largest U.S. bookstore chain, plunged 15.4 per cent and the retailer posted its seventh loss in nine quarters. Probably nothing worth reading in there, anyway. |
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Costco Wholesale
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