Tag: Latifah

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,097.84, down 22.07 points):Hydro One Ltd. Instalment Receipts (TSX:H.IR). Utilities. Up 20 cents, or 0.55 per cent, to $36.75 on 12.8 million shares.Primero Mining Corp. (TSX:P). Miner. Down three cents, or 18.75 per cent, to 13 cents on 5.5 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 0.76 per cent, to $2.65 on 5.1 million shares.ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Up five cents, or 3.79 per cent, to $1.37 on 3.9 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 10 cents, or 1.02 per cent, to $9.74 on 3.4 million shares.B2Gold Corp. (TSX:BTO). Miner. Down 11 cents, or 3.42 per cent, to $3.11 on 2.9 million shares.Companies reporting major news:Metro Inc. (TSX:MRU). Grocer. Down 24 cents, or 0.56 per cent, to $42.64 on 900,860 shares. The Montreal-based grocery chain reported its net income was up 3.7 per cent or $4.5 million from the comparable period in last year’s fiscal third quarter, at $183 million or 78 cents per share. Its overall sales edged up 1.4 per cent or $58.7 million to $4.07 billion but same-store sales were down 0.2 per cent. CEO Eric La Fleche also said the company will accelerate its study of automation as it looks to cut costs to offset the Ontario government’s plan to raise the minimum wage next year. read more

Gawker founder Nick Denton has filed for personal bankruptcy

by Tali Arbel, The Associated Press Posted Aug 1, 2016 12:32 pm MDT Last Updated Aug 1, 2016 at 1:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Gawker founder Nick Denton filed for personal bankruptcy Monday in the aftermath of a Florida jury’s awarding $140 million to Hulk Hogan in a privacy case revolving around a sex tape posted on Gawker.com.As a result of the verdict, which is being appealed, Gawker’s parent company has gone into bankruptcy and is up for sale.Denton’s bankruptcy filing Monday says he owes $125 million to Hogan, a former professional wrestler. Filing for bankruptcy helps him keep Hogan from collecting.Overall, Denton’s filing says he has $100 million to $500 million in liabilities and that his assets are worth $10 million to $50 million.Denton tweeted on Monday that it was a “bitter day” for him but that New York-based Gawker Media, home to blogs including women’s site Jezebel and the tech-themed Gizmodo as well as the snarky Gawker, would “thrive” under new owners. An auction is scheduled for mid-August.Silicon Valley billionaire Peter Thiel bankrolled the lawsuit filed by Hogan, whose real name is Terry Bollea, against Gawker. That raised concerns about the wealthy using their power to bring down media outlets.“I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’s vendetta,” Denton tweeted. Thiel, who co-founded PayPal and was an early investor in Facebook, was outed as gay by a Gawker-owned website.Hogan’s attorney David Houston said in a statement that Denton’s bankruptcy “has nothing to do with who paid Mr. Bollea’s legal bills, and everything to do with Denton’s own choices and accountability. If even one person has been spared the humiliation that Mr. Bollea suffered, this is a victory.”The case stems from Gawker posting a video of Hogan having sex with a friend’s wife. Gawker has argued that its footage was newsworthy and protected by the First Amendment.Only after Hogan won the jury verdict in March did Thiel’s role come to light. FILE – In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla. Denton filed for personal bankruptcy Monday, Aug. 1, 2016, in the aftermath of a Florida jury’s awarding $140 million to Hulk Hogan in a privacy case revolving around a sex tape posted on Gawker.com. (AP Photo/Steve Nesius, Pool, File) Gawker founder Nick Denton has filed for personal bankruptcy read more