The recent dismissal of the CEO of Toronto-based BluMont Capital Inc. capped a tumultuous period for the hedge fund firm that saw significant changes to its executive ranks.Toreigh Stuart, the firm’s CEO since 2000, was let go in early January by BluMont’s board, led by chairman Thomas Simpson. Simpson, who has been on BluMont’s board […]
Toronto stocks finished higher Thursday, as the market reacted to higher resource prices and the announcement that Hudson’s Bay Co. had accepted an acquisition offer from a group led by Jerry Zucker. The S&P/TSX composite index moved up 62.27, or 0.53%, to 11,7347.43. Volume on the senior exchange was 376 million shares. The Bay announced […]
U.S. markets post modest gains
U.S. markets end flat
Toronto stocks dropped Friday, despite a slight rise in energy stocks, as the broader market, and particularly the IT sector, headed into negative territory.Meanwhile, U.S. stocks were walloped by disappointing earnings from Citigroup Inc. and General Electric Co. and higher energy prices. The S&P/TSX composite index lost 87.30, or 0.75%, to 11,605.67.For the week, the […]
U.S. markets record modest gains
Energy stocks give index 116-point gain
U.S. markets finish flat