Top Story

1:08 pm

TSX surges as investors welcome energy data; Bombardier, Toromont gain

Canadian shares surged as energy companies erased an earlier decline and banks gained, and investors cheered forecast-beating crude inventory data out of the U.S. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.9 percent at 14,199.14 at 12:48 p.m. in Toronto. Four shares advanced for every issue that declined as eight out of ten share groups were in the positive territory.

Breaking News

Wednesday, July 29, 11:44 am

Wednesday’s most followed in U.S. including Twitter, Citrix Systems, Garmin, Akamai Technologies, Gilead Sciences, GlaxoSmithKline, Altria, Anthem, Hilton, Hess

U.S. shares moved higher ahead of the statement from the Federal Reserve’s policy-setting meeting due to be released this afternoon. The S&P 500 (INDEXSP:.INX) added 0.6 percent to 2,105....

International

12:50 pm

FTSE100 closes higher as eyes turn to Fed

UK shares added 1.16% to close higher on Wednesday....

Articles

  • Wall Street to open higher before Fed release; Citrix jumps, Twitter tumbles

    U.S. stock index futures rose today on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike. S&P 500 futures rose 0.2 percent to 2,091.75, while those for the Dow Jones Industrial Average tacked on 0.3 percent to 17,593. Nasdaq 100 futures added 0.3 percent to 4,567.50.

  • Lawsuits and tough competition are driving American Apparel toward bankruptcy

    The stock price has lost over 20% in the past 24 hours as ‘The New Yorker’ asked in an article published on July 27 whether the company could afford to maintain its production in the United States

  • Teva to buy Allergan for $40.5 bln, drops Mylan bid

    Teva Pharmaceutical Industries (NYSE:TEVA), an Israeli drugmaker, agreed to buy Dublin-based Allergan PLC's (NYSE:AGN) generic pharmaceuticals business for $40.5 billion in cash and stock, and dropped its hostile offer for Mylan (NASDAQ:MYL). Teva will pay $33.75 billion in cash and $6.75 billion worth of shares at today’s price, or about 10 percent of the enlarged company, the Petach Tikva, Israel-based company said in a statement today. 

  • GlaxoSmithKline receives EU approval of its malaria fighting vaccine for children

    Approval from the EMA opens the door for a similarly favorable opinion from the World Health Organization (WHO), which could then decide whether to recommend vaccination in countries where malaria is endemic

  • Lithium – the metal of the future (if there's enough)

    Tesla is not alone in advancing lithium-powered battery technologies. 

    It’s headline-grabbing stuff - Elon Musk says that his Tesla Corporation (NASDAQ:TSLA) aims to accelerate technological and market development by up to ten years in the roll-out of electric cars.

  • Amazon.com swings to surprise Q2 profit, provides robust Q3 revenue guidance

    Amazon.com (NASDAQ:AMZN), an online retailer, reported an unexpected second-quarter profit, forecast third-quarter revenue above estimates, and reported strong sales in North America, and unprecedented growth in its popular Prime two-day unlimited shipping service. Shares surged.

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