BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2015 Baystreet.ca Inc. All rights reserved. 3/5/2015 3:07:57 PM <![CDATA[Freehold Royalties "OUTPERFORM"]]>Thu, 05 Mar 2015 09:15:49 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?21054<![CDATA[Crude futures fall further as supply data jumps]]>Wed, 04 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=562Wednesday, March 04, 2015


Crude futures fall further as supply data jumps


Oil prices lost more ground after the U.S. Energy Information Administration on Wednesday reported a jump in crude supplies that was much more than what analysts expected.

Crude inventories rose by 10.3 million barrels for the week ended Feb. 27. Analysts polled by Platts forecast a crude-stock climb of 3.7 million barrels, while sources said the API reported a 2.9-million-barrel rise.

Gasoline supplies were unchanged from the previous week, while distillate stockpiles fell 1.7 million barrels, according to the EIA.

April crude traded at $49.93 U.S. a barrel, down 59 cents, or 1.3%, on the New York Mercantile Exchange. Before the report, prices traded around $50.50 U.S.

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<![CDATA[Continental hopes to partner on prospective Apple car]]>Thu, 05 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=531Thursday, March 05, 2015

Continental hopes to partner on prospective Apple car


Germany's Continental AG would be interested in acting as partner for technology giant Apple (NASDAQ: AAPL) should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said.

"Apple has an excellent reputation on information and communication systems and has incredible financial strength," the CEO said on Thursday during an earnings call.

Separately, Degenhart was skeptical on prospects for battery-powered cars, saying Continental's electric-car operations may fail to make money "at least in the next three to four years."

The company remains on the lookout for potential acquisitions, though another major takeover is not on the cards in coming months, the CEO said.

Apple shares dropped 24 cents at Thursday's opening bell to $128.30 U.S., in the upper end of a 52-week trading range of $73.05 to $133.60 U.S.

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<![CDATA[Economic Calendar]]>Thu, 05 Mar 2015 03:07:57 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125March 2015
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Monday, March 02, 2015 RBC Manufacturing PMI: 9:30am Feb Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI dropped from 51.0 in January to 48.7 in February, to signal a moderate deterioration in overall business conditions across the manufacturing sector. The RBC Canadian Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 51.0 last month from 53.9 in December.
Thursday, March 05, 2015 IVEY Purchasing Managers Index: 10:00am Feb The Ivey Purchasing Managers Index rolled out of London, Ontario’s Western University, showing a reading last month of 49.7. This compares to 45.4 in January, and 57.2 in February 2014. The Richard Ivey School of Business said its purchasing managers’ index fell to 45.4 last month from a reading of 55.4 in December.
Friday, March 06, 2015 Canadian International Merchandise Trade: 8:30am Jan --- Canada's imports increased by 2.3% in December and exports rose 1.5%. As a result, Canada's merchandise trade deficit with the world widened from $335 million in November to $649 million in December.
Friday, March 06, 2015 Building Permits: 8:30am Jan --- Contractors took out building permits worth $7.1 billion in December, up 7.7% from November. This followed a 13.6% decline the previous month.
Monday, March 09, 2015 Housing Starts: 8:15am Feb --- Canada Mortgage and Housing Corporation reported this morning that housing starts rose to a seasonally adjusted 187,276 in January, increasing 4.3% compared to December
Thursday, March 12, 2015 New Housing Price Index: 8:30am Jan --- The New Housing Price Index posted a fourth consecutive 0.1% increase in December.
Friday, March 13, 2015 Labour Force Survey: 7:00am Feb --- Employment increased by 35,000 in January, the result of more part-time work. The unemployment rate declined 0.1 percentage points to 6.6%.
Monday, March 16, 2015 CREAstats - MLS Sales: 8:30am Feb --- The Canadian Real Estate Association reported that national home sales activity was down by 3.1% from December to January. Actual (not seasonally-adjusted) activity stood 2.0% below January 2014 levels.
Monday, March 16, 2015 Canada's International Transactions in Securities: 8:30am Jan --- Foreign investors reduced their holdings of Canadian securities by $13.5 billion in December, led by sizable divestments in bonds and equities. Meanwhile, Canadian investors acquired $13.9 billion of foreign securities with the bulk of the activity in US instruments.
Tuesday, March 17, 2015 Monthly Survey of Manufacturing: 8:30am Jan --- Manufacturing sales rose 1.7% in December, despite a 9.3% drop in sales of petroleum and coal products.
Wednesday, March 18, 2015 Wholesale Trade: 8:30am Jan --- Wholesale sales rose 2.5% to $55.4 billion in December.
Friday, March 20, 2015 Consumer Price Index: 7:00am Feb --- Consumer prices rose 1.0% in the 12 months to January, following a 1.5% increase in December. On a seasonally-adjusted monthly basis, the Consumer Price Index declined 0.2% in January, matching the decrease in December.
Friday, March 20, 2015 Retail Trade: 8:30am Jan --- Retail sales fell 2.0% to $42.1 billion in December, the largest decline since April 2010. Lower sales were reported in nine of 11 sub-sectors, representing 71% of retail trade.
Thursday, March 26, 2015 Employment Insurance: 8:30am Jan --- Canadians receiving regular Employment Insurance benefits totaled 495,300 in December, up 0.7% from the previous month. Compared with December 2013, the number of beneficiaries decreased by 24,500 or 4.7%.
Monday, March 30, 2015 Industrial Product Price Index: 8:30am Feb --- The Industrial Product Price Index declined 0.4% in January, largely as a result of lower prices for energy and petroleum products.
Monday, March 30, 2015 Raw Materials Price Index: 8:30am Feb --- The Raw Materials Price Index decreased 7.7% in January, mainly because of lower prices for crude energy products.
Tuesday, March 31, 2015 GDP: 8:30am Jan --- Real gross domestic product (GDP) grew 0.6% in the fourth quarter, following a 0.8% gain in the third quarter. On a monthly basis, real GDP increased 0.3% in December.
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<![CDATA[Ivey PMI rises in February ]]>Thu, 05 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1322Ivey PMI rises in February


Somewhat cheery news emerged from London, Ontario Thursday morning. Western University's Ivey purchasing managers’ index contracted at a slower rate than expected in February, easing concerns over the country’s economic outlook.

The Richard Ivey School of Business said its PMI rose to 49.7 last month from a reading of 45.4 in January. Analysts had expected the index to inch up to 46.2 in February.

A figure above 50.0 indicates industry expansion, below indicates contraction.

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<![CDATA[Chinese stocks in slowdown mode ]]>Thu, 05 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2071Thursday, March 05, 2015

Chinese stocks in slowdown mode



Hong Kong and Shanghai stocks both posted solid losses on Thursday, amid investor anxiety over an "intensifying" economic slowdown in China as the nation’s premier lowered the nation’s growth target to about 7% for this year.

In Japan, the Nikkei 225 index reacquired 48.24 points, or 1.1%, to 18,751.84

The Hang Seng Index fell 272.34 points, or 1.1%, to 24,193.04, the biggest daily drop in a month. The benchmark index has fallen for three days in a row.

In Hong Kong, market movers included mainland automaker Brilliance China Automotive Holdings Ltd. tumbling 3.9%, state-owned Bank of Communications Co., Ltd., skidding 2.2%, energy giants PetroChina Co. Ltd. and China Petroleum & Chemical Corporation Ltd. both shedding 1.6%, and developer China Resources Land Ltd., losing 1.3%.

Hong Kong retailer dropped further, with cosmetic chain operator Bonjour Holdings Ltd. leading losses with a 5.8% slide.

The yen weakened versus the U.S. dollar to ¥119.81, compared with ¥119.71 late Wednesday in New York.

CHINA

The Shanghai CSI 300 sifted off 34.18 points, or 1%, to 3,496.34

China set 2015’s gross domestic product growth target at about 7%, down from last year’s level of "about 7.5%", Premier Li Keqiang said Thursday in his government work report at the opening of the annual parliamentary session

In other markets

The Taiex index in Taiwan lost 26.64 points, or 0.3%, to 9,595.09

In Singapore, the Straits Times Index shed 20.26 points, or 0.6%, to 3,395.27

The Kospi index in Korea inched up 0.09 points to 1,998.38

In New Zealand, the NZX 50 retreated 17.31 points, or 0.3%, to 5,856.77

The S&P/ASX index regrouped 2.57 points to 5,904.16

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<![CDATA[Jobless claims in States rise again]]>Thu, 05 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1325The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and non-farm productivity contracted more sharply than previously thought in the fourth quarter.

Initial claims for state unemployment benefits increased by 7,000 to a seasonally-adjusted 320,000 for the week ended Feb. 28, the U.S. Labor Department said on Thursday.

Economists polled by Reuters had expected claims to fall to 295,000 last week.

The four-week moving average for claims, which evens out weekly volatility, rose by 10,250 to 304,750 last week.

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<![CDATA[IPO Center - TSX-V]]>Mon, 13 Jan 2014 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date RepliCel Life Sciences Inc. RP 13-01-2014 Cleantech Capital Inc. YES.P 14-01-2014 Jet Metal Corp. JET 20-01-2014 Reliance Resources Limited RI 22-01-2014 West African Resources Limited WAF 24-01-2014 Westcap Investments Corp. WI 12-02-2014 Sonde Resources Corp. SOQ 19-02-2014 QMX Gold Corporation QMX 20-02-2014 Knight Therapeutics Inc. GUD 28-02-2014 PC Gold Inc. PKL 11-03-2014 Silver Predator Corp. SPD 13-03-2014 Baja Mining Corp. BAJ 17-03-2014 IOU Financial Inc. IOU 17-03-2014 Rockefeller Hughes Corporation RHC 20-03-2014 Chrysalis Capital IX Corporation NYN 28-03-2014 Northern Sun Mining Corp. NSC 16-04-2014 Cliffside Capital Ltd. CEP 17-04-2014 Till Capital Ltd. TIL 24-04-2014 Redzone Resources Ltd. REZ 28-04-2014 Alabama Graphite Corp. ALP 05-05-2014 Jaguar Financial Corporation JFC 21-05-2014 Lingxian Capital Inc. LXC.P 23-05-2014 Tribute Pharmaceuticals Canada Inc. TRX 27-05-2014 Dataminers Capital Corp. DMC.P 29-05-2014 Transeastern Power Trust TEP.DB 02-06-2014 X-Terra Resources Inc. XTT 03-07-2014 Starlight U.S. Multi-Family (No.3) Core Fund SUS.UN 09-07-2014 Searchtech Ventures Inc. MJN.P 16-07-2014 Whiteknight Acquisitions III Inc. WKA 21-07-2014 Petro-Victory Energy Corp. VRY 24-07-2014 Geovic Mining Corp. GMC 28-07-2014 01 Communique Laboratory Inc. ONE 31-07-2014 Leucrotta Exploration Inc. LXE 19-08-2014 Cluny Capital Corp CLN 20-08-2014 Maestro Capital Corporation MCP 21-08-2014 Manera Capital Corp. MEA 28-08-2014 Mediterranean Resources Ltd. MNR 02-09-2014 Eastwood Bio-Medical Canada Inc. EBM 05-09-2014 Orletto Capital Inc. OLE 09-09-2014 Rodeo Capital III Corp. ROP 17-09-2014 Mira IV Acquisition Corp. MRY 24-09-2014 Xander Resources Inc. XND 25-09-2014 Maple Peak Investments Inc. MAP.P 01-10-2014 Campar Capital Corporation CHK 24-10-2014 Niocan Inc. NIO 28-10-2014 Groupe Bikini Village inc. GBV 13-11-2014 Aumento Capital V Corporation AMN 13-11-2014 BFK Capital Corp. BFK 17-11-2014 Marching Moose Capital Corp. MMC 19-11-2014 Chieftain Metals Corp. CFB 21-11-2014 Anchor Capital Corporation ANC 02-12-2014 Portofino Resources Inc. POR 05-12-2014 Mira VI Acquisition Corp. MVI 18-12-2014 NYX Gaming Group Ltd. NYX 30-12-2014 CohBar Inc. COB 06-01-2015 Riley Resources Corp. RLY.P 08-01-2015 POCML 3 Inc. PWR 15-01-2015 Essa Pharma Inc. EPI 27-01-2015 Carlaw Capital V Corp. CVC 05-02-2015 Lupaka Gold Corp. LPK 18-02-2015 Arch Biopartners Inc. ACH 23-02-2015 LL Capital Corp. LLA.P 04-03-2015]]><![CDATA[TSX solidly in green at noon]]>Thu, 05 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=4041Thursday, March 05, 2015

00:25 PM EST
TSX solidly in green at noon

Canadian Natural leads way




Equity markets in Toronto rose broadly on Thursday, led by healthy gains among bank shares and forecast-beating results from Canadian Natural Resources Ltd., the country's second-biggest oil and gas producer.

The S&P/TSX composite index added 71.51 points, to approach the midday point at 15,154.35

The Canadian dollar tailed off 0.43 cents to 80.07 cents U.S.

Stocks worldwide were supported by the European Central Bank's latest effort to boost the struggling euro-zone economy.

The heavily weighted financial stocks were the most influential, as Royal Bank of Canada led the rise, with a 0.8% gain to $77.72. Toronto-Dominion Bank rose just over 1% to $54.71.

Energy stocks were up modestly, helped in large part by Canadian Natural's 4.5% jump to $38.42 after the company reported earnings of 69 cents per share, higher than the 67 cents analysts had expected. Crude prices were also up moderately.

The company, which slashed its 2015 capital budget by 28% and postponed a heavy oil project in January due to low crude prices, also announced salary cuts for management as well as other budget-trimming measures.

The materials group rose while the price of gold climbed on the ECB news.

Goldcorp, the world's biggest gold producer by market value, was up 2.7% at $26.14. Barrick Gold climbed 2.7% to $15.50.

The Ivey Purchasing Managers Index rolled out of London, Ontario’s Western University, showing a reading last month of 49.7. This compares to 45.4 in January, and 57.2 in February 2014.

The monthly survey of purchasing managers asks whether they increased or decreased purchases, or kept them the same. A figure above 50 shows an increase while below 50 shows a decrease.

ON BAYSTREET

The TSX Venture Exchange sidled back 2.23 points to 695.86

All but one of the 14 Toronto subgroups were higher midday, with metals and mining surging 1.2%, gold shinier 1%, and consumer staples soaring 0.9%.

The lone laggard was in global base metals, down 0.4%.

ON WALLSTREET

U.S. stocks traded mildly higher on Thursday, breaking a two-day decline with a boost from details on quantitative easing in the euro-zone, ahead of Friday's jobs report.

The Dow Jones Industrials recouped 43.63 points to 18,140.53, with IBM leading gains and McDonald's the greatest decliner

The S&P 500 remained positive 2.45 points to 2,100.98, with utilities leading gains and energy the greatest of four laggards.

The NASDAQ index was in the green 13.95 points to 4,981.09.

In corporate news, food and general bulk merchandise retailer Costco Wholesale reported better-than-expected quarterly profit early Thursday, boosted by a tax benefit related to its special cash dividend last month.

Costco, the third-largest U.S. retailer, said net income rose to $598 million U.S, or $1.35 per share, for the second quarter ended Feb. 15, from $463 million U.S, or $1.05 per share a year earlier.

Simon Property is mulling a bid for rival mall owner Macerich, said an initial report by the Wall Street Journal. Simon hasn't made a formal offer as yet, although it did reveal a 3.6% stake in Macerich last year.

Piper Jaffray downgraded McDonald's to "neutral" from "overweight," saying that the stock is appropriately valued after a recent 12% increase, and that initiatives to increase sales may work more slowly many expect.

Cooper Cos., Diamond Foods, Esterline Tech and Fresh Market report after the close.

The European Central Bank will start its trillion-euro ($1.1-trillion U.S.) bond-buying program on Monday, with expectations to end in September 2016, President Mario Draghi said during a press conference.

U.S. monthly jobless claims rose 7,000 to a seasonally adjusted 320,000 for the week ended Feb. 28, above estimates.

Other data reports came in slightly negative, mostly due to seasonal factors, analysts said.

Factory orders declined 0.2%, missing estimates of a 0.1% gain. Productivity topped estimates with a decline of 2.2% versus estimates of a 2.3% decline but below the 1.8% pace it had reported last month.

Traders are also waiting for Friday's February U.S. jobs report, expected to be show about 240,000 non-farm payrolls, below the 257,000 last month.

Prices for 10-year U.S. Treasuries dipped, raising yields back to Wednesday’s 2.12%. Treasury prices and yields tend to move in opposite directions.

Oil prices cooled 24 cents to $51.29 U.S.

Gold prices gained two dollars to $1,202.90 U.S.





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<![CDATA[Stocks in Play: SNC-Lavalin Group Inc.]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17543Thursday, March 05, 2015

09:44 AM EST - SNC-Lavalin Group Inc. : announced its results today for the year ended December 31, 2014. Net income was $1,333.3 million or 2013. Revenue backlog at December 31 was $12.3 billion. Cash and cash equivalents were $1.7 billion. Quarterly dividend increased by 4% to $0.25 per share. SNC-Lavalin Group Inc. (T.SNC) shares were down $1.35 at 38.22.

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<![CDATA[Stocks in Play: OneRoof Energy Group, Inc.]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17544Thursday, March 05, 2015

09:46 AM EST - OneRoof Energy Group, Inc. : announced that Blue Raven Solar has been added to the Company's growing list of sales channel partners. Blue Raven is headquartered in Utah with growing markets throughout northern and southern California, as well as expanding operations on the East Coast. OneRoof Energy Group, Inc. (V.ON) shares were unchanged at 0.28.

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<![CDATA[Stocks in Play: Robex Resources Inc.]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17545Thursday, March 05, 2015

09:47 AM EST - Robex Resources Inc. : plans to restart the Nampala mine as of the third quarter of 2015 with a capacity of 4,000 tons / day.The ore processing consulting firm, Soutex Inc., will shortly be completing the process diagrams (P&ID) of the mine and of the gold room which will allow them to proceed to 4,000 t/d. This work will include a list of all the equipment needed for this achievement. The big equipment needed for this increase in tonnage that require a longer delivery delay and are in the process of being ordered. Robex Resources Inc. (V.RBX) shares were unchanged at 0.09.

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<![CDATA[Stocks in Play: Patient Home Monitoring]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17546Thursday, March 05, 2015

09:49 AM EST - Patient Home Monitoring : announced it has executed a non-binding Letter of Intent to acquire a company in Colorado reporting unaudited trailing 12-month annual revenues of approximately $16,500,000 and Adjusted EBITDA of approximately $4,000,000. Patient Home Monitoring (V.PHM) shares were up $0.045 at 1.19.

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<![CDATA[Stocks in Play: George Weston Limited]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17547Thursday, March 05, 2015

11:35 AM EST - George Weston Limited : announced its consolidated unaudited results for the 13 weeks ended December 31, 2014. Sales were $11,734 million, an increase of $3,815 million or 48.2%. Adjusted EBITDA was $1,022 million, an increase of $468 million or 84.5%. Adjusted operating income was $736 million, an increase of $393 million or 114.6%. George Weston Limited (T.WN) shares were up $1.43 at 106.41.

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<![CDATA[Stocks in Play: Altius Minerals Corporation]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17548Thursday, March 05, 2015

11:36 AM EST - Altius Minerals Corporation : and Callinan Royalties Corporation have entered into a definitive arrangement agreement whereby Altius will acquire all outstanding securities of Callinan pursuant to a plan of arrangement. This transaction results in the creation of a diversified mining royalty company leader. Pursuant to the Arrangement, Altius will acquire each outstanding Callinan common share for 0.163 of an Altius common share and $0.203 in cash, valuing each Callinan common share at $2.27 based on Altius' closing share price on the Toronto Stock Exchange as of March 4. Altius Minerals Corporation (T.ALS) shares were down $0.77 at 11.9.

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<![CDATA[Stocks in Play: Callinan Royalties Corporation]]>Thu, 05 Mar 2015 09:44:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17549Thursday, March 05, 2015

11:37 AM EST - Callinan Royalties Corporation : and Altius Minerals Corporation have entered into a definitive arrangement agreement whereby Altius will acquire all outstanding securities of Callinan pursuant to a plan of arrangement. This transaction results in the creation of a diversified mining royalty company leader. Pursuant to the Arrangement, Altius will acquire each outstanding Callinan common share for 0.163 of an Altius common share and $0.203 in cash, valuing each Callinan common share at $2.27 based on Altius' closing share price on the Toronto Stock Exchange as of March 4. Callinan Royalties Corporation (T.CAA) shares were up $0.25 at 2.02.

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<![CDATA[American Eagle Outfitters (AEO) Takes Flight on Upgrade]]>Thu, 05 Mar 2015 03:02:05 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=900Thursday, March 05, 2015

American Eagle Outfitters (AEO) Takes Flight on Upgrade


American Eagle Outfitters Inc. (NYSE: AEO) shares gained 1.8% to $16.24. The company was upgraded to buy from hold and the teen retailer’s price target set to $20 at Stifel Nicolaus. Share volume was 1.1 million, compared to an all-day average of one million.

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<![CDATA[ECB stands pat]]>Thu, 05 Mar 2015 09:51:06 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=21056
Experts expect a range today for the U.S. dollar of $1.2350 to $1.2510 Canadian

European Central Bank President Mario Draghi will unveil specifics of the 1.1-trillion-euro bond-buying plan the bank is deploying alongside negative deposit rates in its fight against deflation. ECB policymakers are meeting in Cyprus today, the common expectation from investors being for Draghi to flush out details of the quantitative easing plan he announced in January. The ECB left interest rates unchanged at 0.05%, and the euro weakened to an 11-year low against the U.S. dollar on Thursday as traders waited for details of the ECB’s debt-purchase program.

Observers expect a range today of $1.3677 to $1.3907 Canadian

Earlier this morning, the Bank of England said it was keeping rates at 0.5%, marking the sixth anniversary of record-low interest rates since the financial crisis began.

The Australian and New Zealand dollars are trading lower after China lowered its growth target to around 7% this year which is down from the 7.5% target in 2014.

Data Releases

CAD: Ivey PMI

AUD: AIG Construction Index

EUR: German Factory Orders, Retail PMI, French 10-y Bond Auction, Minimum Bid Rate

GBP: Official Bank Rate, Asset Purchase Facility

JPY: No data today

NZD: No data today

USD: Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Cost, Factory Orders, Natural Gas Storage]]>
<![CDATA[American Eagle Outfitters (AEO) Takes Flight on Upgrade]]>Thu, 05 Mar 2015 03:02:03 ESThttp://www.baystreet.ca/articles.aspx?id=29508]]><![CDATA[Continental Hopes to Partner on Prospective Apple Car]]>Thu, 05 Mar 2015 01:55:36 ESThttp://www.baystreet.ca/articles.aspx?id=29507
"Apple has an excellent reputation on information and communication systems and has incredible financial strength," the CEO said on Thursday during an earnings call.

Separately, Degenhart was skeptical on prospects for battery-powered cars, saying Continental's electric-car operations may fail to make money "at least in the next three to four years."

The company remains on the lookout for potential acquisitions, though another major takeover is not on the cards in coming months, the CEO said.

Apple shares dropped 24 cents at Thursday's opening bell to $128.30 U.S., in the upper end of a 52-week trading range of $73.05 to $133.60 U.S.

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<![CDATA[Top Analyst Action: AMBA, PVA, CRZO, RGR, AEO]]>Thu, 05 Mar 2015 12:50:34 ESThttp://www.baystreet.ca/articles.aspx?id=29506<![CDATA[Costco Wholesale (COST) gains on Q2 fiscal]]>Thu, 05 Mar 2015 12:03:40 ESThttp://www.baystreet.ca/articles.aspx?id=29505<![CDATA[American Eagle Outfitters (AEO) takes flight on upgrade]]>Thu, 05 Mar 2015 12:02:03 ESThttp://www.baystreet.ca/articles.aspx?id=29504<![CDATA[Mallinckrodt (MNK) hikes on buying Ikaria]]>Thu, 05 Mar 2015 12:00:23 ESThttp://www.baystreet.ca/articles.aspx?id=29503<![CDATA[Carlyle Group (CG) improves on buying CommScope shares]]>Thu, 05 Mar 2015 11:58:45 ESThttp://www.baystreet.ca/articles.aspx?id=29502<![CDATA[CommScope (COMM) sells to Carlyle, shares drop ]]>Thu, 05 Mar 2015 11:57:57 ESThttp://www.baystreet.ca/articles.aspx?id=29501<![CDATA[H&R Block (HRB) tumbles on Q3 loss]]>Thu, 05 Mar 2015 11:52:43 ESThttp://www.baystreet.ca/articles.aspx?id=29500<![CDATA[AbbVie (ABBV) down on buying Pharmacyclics]]>Thu, 05 Mar 2015 11:51:23 ESThttp://www.baystreet.ca/articles.aspx?id=29499