Top Story

Tue 3:53 pm

Wall Street rebounds as Greece submits new 2-yr aid proposal to creditors

Wall Street climbed today, rebounding from midday losses, as a last-minute diplomatic scramble got under way to keep Greece from defaulting on its debt payments. The S&P 500 (INDEXSP:.INX) rose 0.3 percent to 2,063.29 at 3:43 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) added 0.1 percent to 17,618.57. The tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) leaped 0.6 percent to 4,988.63. 

Breaking News

Tuesday, June 30, 3:56 pm

Shopify to hit US40/share according to Credit Suisse analyst

Analyst Michael Nemeroff mfrom Credit Suisse has awarded Shopify (NYSE:SHOP), which made its Wall Street debut last May 21, with an "outperform" recommendation, setting a target price of US$40 p...

International

2:06 am

Sirius Minerals given green-light for York Potash

A special planning committee approved the York Potash application

Articles

  • TSX rebounds as consumer, energy shares gain

    Canadian shares regained some ground today after yesterday's precipitous drop, with banks rebounding and rising oil prices helping energy stocks, and as investors watched developments on Greek debt negotiations. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.3 percent to 14,531.37 at 1 p.m. in Toronto. Two shares advanced for every issue that declined as eight out of ten share groups were in the positive territory.

  • Eldorado Gold defies the Greek credit crisis

    Eldorado Gold is Greece’s largest foreign investor and it has been targeted by Greek and EU authorities

  • Ballard Power Systems to buy Protonex

    Vancouver-based Ballard noted it would pay for Protonex by issuing 11.2 million shares to raise about US$25.6 million. The deal includes Protonex's US$4.4 million debt obligations.

  • U.S. stock futures tumble as Greek debt crisis deteriorates

    U.S. stock-index futures dropped 1 percent today on growing concern that Greece will leave the euro region after bailout talks with lenders broke down over the weekend. Futures for Dow Jones Industrial Average tumbled 1 percent to 17,700, while those for the S&P 500 dropped 1 percent to 2,074.50. Nasdaq-100 futures were pushed 1.2 percent lower to 4,425.25.

  • PotashCorp wants to take over Germany's K + S fertilizer group

    PotashCorp "informed K + S’s management and board of its intention to acquire all its shares through a public offering, subject to certain conditions including an audit of its accounts," according to a statement released Thursday evening

  • Sunridge to obtain license for the Asmara Project as part of a comprehensive 20 year mining agreement

    Sunridge expects to secure the mining license shortly such that AMSC will be able to raise the capital to develop the mining and shipping of the high-grade copper direct shipping ore on the Debarwa deposit during Phase 1A of the project

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