What we're reading 'round the Web.
Consumer debt levels fuel gravy train for banks Mark Carney's repeated warnings on Canadian consumer debt levels haven't done much to curb spending, which should translate into continued short-term profits for Canadian banks, says Barclays Capital.
Four out of seven directors may do the trick Activist investor Bill Ackman's push to oust the chief executive officer of Canadian Pacific Railway Ltd. may succeed even if some of the hedge-fund manager's board nominees lose in a proxy vote.
Kinross Gold's Mauritanian desert storm How the supposed jewel in Kinross Gold Corp.'s crown became an albatross strung around the miner's neck.
Global mining M&A activity down sharply First-quarter global mergers and acquisitions volumes in mining and metals fell by one-third amid continued volatility across world financial markets, according to Ernst &Young.
Structured commodity deals look eerily familiar An increase in the securitization of commodities has some observers wondering if the asset class is becoming "sub-primed".
Today in shareholder activism: Aviva chief executive Andrew Moss resigned unexpectedly on Tuesday in the wake of a shareholder revolt against its pay practices.
Buffett's biggest deals are yet to come Warren Buffett has a wad of cash available to turn around some big deals. Fortunately for investors, he says his biggest are yet to come. Some data indicates that equipment-maker Deere, and glue maker Henkel, fit the value investor's profile.
Warning: Europe will get worse before it gets better The debate over growth and austerity is far from settled, and Greece's exit from the euro zone is an increasingly likely possibility. But the fact that investors have become used to the uncertainty puts them at risk of complacency.
Forces under their control Some serious evidence that Dick Fuld, CEO of Lehman Brothers Holdings Inc., and others knew the risks to their company in 2007 and 2008 and took no action despite warnings. New documents (including emails) expose more bad behaviour.