Joanna Wnuk
Can't-miss stories from the web
Some analysts think ExxonMobil Corp. might still be in a buying mood after its $3.1-billion bid for Celtic Exploration Ltd. on Wednesday.
According to Kevin Kaiser of Hedgeye Risk Management, the prime takeover candidate is Encana, due partly to the fact that Celtic's assets are "right in the heart of Encana's Canadian natural gas assets".
The bell tolls for BCE's deal-led growth
The unanticipated rejection of BCE Inc.'s $3-billion bid for Astral Media Inc. by the CRTC may herald the end of an era of deal-led expansion for Canada's largest telecommunications company.
For sale: Morgan Stanley's commodity arm?
Morgan Stanley chief James Gorman says the bank has an obligation to explore "different structures" for its commodities trading business because new regulations are limiting the unit's activities.
No sale of Sun Life's U.K. unit
"Sun Life Financial is committed to the UK market," says a Sun Life spokesman in response to a Financial Times report which suggested it had explored – and then shelved – plans to sell its U.K. division.
ADM seeking takeover of GrainCorp
Archer-Daniels-Midland Co., the world's biggest corn processor, is reportedly pursuing talks with GrainCorp Ltd. regarding a potential takeover after boosting its stake in the grain handler to 14.9 per cent from 4.9 per cent previously.