A roundup of some of the North American equities making moves in both directions today
On the rise
Shares of Goldcorp Inc. (G-T, GG-N) jumped 7 per cent in early afternoon trading after Monday’s announcement that Newmont Mining Corp. (NEM-N) is set to acquire Canada’s second-biggest gold producer in a $10-billion acquisition. Newmont was down 8.7 per cent in New York.
Shaw Communications Inc. (SJR-B-T) was up 3.1 per cent after releasing first-quarter results before market open that exceeded expectations on the Street. Net income rose to $187-million or 36 cents per share, for the first quarter ended Nov. 30, from $111-million, or 23 cents a share, a year earlier.
Chorus Aviation Inc. (CHR-T) was up 17 per cent after announcing an agreement to amend and extend the capacity purchase agreement (CPA) between its Jazz Aviation division and Air Canada (AC-T) and the completion of a $97.26-million equity investment by Air Canada in Chorus.
Lululemon Athletica Inc. (LULU-Q) shares jumped 7.3 per cent after the Vancouver-based apparel maker increased its fourth-quarter profit and revenue guidance after a healthy holiday season. It now expects earnings of $1.72 to $1.74 per share, compared with $1.64-$1.67 per share estimated previously.
Spin Master Corp. (TOY-T) rose 1.6 per cent on Monday. The toy maker announced it has settled its legal dispute with Alpha Group Co. Ltd. It had alleged the magnetic transformation feature in Alpha Group’s Screechers Wild! toys infringed on its patents covering its Bakugan line of toys.
Gannett Co Inc. (GCI-N) increased 19.7 per cent after newspaper chain MNG Enterprises Inc. announced on Monday it had offered to buy the publisher of USA Today in a deal valued at US$1.36-billion.
On the decline
Apple Inc. (AAPL-Q) was down 1.6 per cent, while Microsoft Corp. (MSFT-Q) lost 0.8 per cent after data from China showed imports fell 7.6 per cent year-on-year in December. The Street had expected a 5-per-cent rise.
With files from staff and wires