The Dow Jones financial electronic ticker is seen at Times Square in New York on July 17, 2012.Shannon Stapleton/Reuters
Can't-miss stories from the Web
Big media in the crosshairs
U.S. federal authorities recently investigated several media companies regarding the use of high-speed transmission systems to give some investors access to economic data a fraction of a second before the official release time, according to a Wall Street Journal source.
Investigators decided against filing charges because they could not link trading patterns to specific actions by media companies.
Companies involved in the probe include Bloomberg LP, Thomson Reuters Corp and Dow Jones & Co., according to the source.
Eresman's exit makes Encana a takeover target
Despite the company's remarks to the contrary, analysts see the departure of Encana CEO Randy Eresman increasing the odds that the $14.3-billion oil producer will be acquired.
BoC may search internally for deputy
The Bank of Canada's search to fill a vacancy on its rate-setting panel may focus on internal candidates while the government seeks to replace departing Governor Mark Carney, according to Bloomberg.
Shortlisted candidates for the deputy governor position vacated by Jean Boivin are said to include Carney advisers Lawrence Schembri and David Wolf, as well as Sharon Kozicki, who leads the Canadian Economic Analysis branch.
CP meets post-Ackman estimates
Canadian Pacific Railway Ltd. shareholders are likely breathing a sigh of relief after the company posted fourth-quarter earnings that matched analysts' estimates. The earnings are the first test of the wisdom of hedge fund manager Bill Ackman's campaign to install former CN Rail CEO Hunter Harrison as CP chief.
New Anglo American CEO's clean slate
A $4-billion hit to Anglo American's Minas Rio project on Tuesday, alongside an impending overhaul of its troubled platinum business, are as near to a clean slate as new CEO Mark Cutifani is going to get.
Wall Street talent heads for the exits
Bankers and traders are turning their backs on big Wall Street firms in order to try their luck in hedge funds, private equity funds or Silicon Valley.
The great rotation?
Are these tomorrow's winners? BofA Merril Lynch thinks so.
(Jody White is the Web Editor for Streetwise.)