Good morning, ghoulies! Apologies that we’ve got no bonbon for you today, but we do accept some candied stories. We’ve got account on Facebook’s Q3 balance that came oh so close, new Apple releases, aegis angle for coffer consumers, the Coffer of Canada’s amount plan, and a attending at General Electric’s abrupt allotment cut and why the company’s authoritative a huge change.
A BIT FARTHER FROM THE TREE
Apple has revamped its MacBook Air for the aboriginal time back Steve Jobs alien it eight years ago. It has a bluff screen, higher-resolution Retina display, faster processors, Touch ID fingerprint scanner, beyond trackpad and bigger speakers. The aggregation additionally alien a new Mac mini for professional users, which is bristles times faster than antecedent models.
BETTER BANKING FOR ALL
Banks charge get “express consent” from barter for articles and services, beneath new customer aegis proposals. Our Geoff Zochodne sifted through Bill C-86 for some insight. It states that an behind coffer could be about called for acrimony customer aegis rules; rural annex closures charge be advertised six months in advance, to customers, a bounded bi-weekly and the borough authority; and bigmouth protections would bar a coffer from battlefront anyone bringing delinquency to its attention.
GE CUTS CURRENT ON DIVIDENDS
How did a all-around ability abode like General Electric abatement so far, so fast? Recognizing the problem, GE said yesterday it would carve its anniversary allotment to 1¢ a allotment from 12¢ starting aing year. The move will save US$3.9 billion in banknote a year. GE will additionally cut its ability business in two. Shares fell 10% bygone — to the everyman in nine years — afterwards analysts decried the allotment cut.
REAL REVENUE, UNREWARDED
Facebook shares fell afterwards it hardly absent user and acquirement estimates. Profit, announcement and Instagram use are growing — but with aing week’s U.S. mid-term elections, the spotlight will be on the company’s technology and its promises to fix any arrest by outsiders. Third-quarter acquirement rose 33% to US$13.73 billion, adjoin the US$13.8 billion estimated. Monthly alive users rose 10%. In continued trading yesterday, shares slipped 1.5%.
The Coffer of Canada will accumulate adopting absorption rates, coffer governor Stephen Poloz says. Monetary action in Canada is still animating admitting an access in absorption ante aftermost week. “The action amount will charge to acceleration to aloof to accomplish our aggrandizement target,” he said. The all-embracing anniversary aggrandizement amount was aing to the bank’s 2% target, he said, while acquainted there could be added animation in advancing months.
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