- Warren Buffett told his company’s shareholders in an open letter Tuesday that he has been diagnosed with early-stage prostate cancer.
- Charlie Sheen’s comeback series “Anger Management” is being sued for $50 million by a producer who says he spent two years developing the property for television but was pushed out when Sheen signed on.
- Blockbuster closed more than 400 stores in Canada last year and on Tuesday, Rogers confirmed its more than 90 remaining video stores stopped renting movies.
- Aiming to fill the void, Redbox is bringing its popular vending-machine DVD business to Canada. Redbox is a division of Coinstar Inc. (QSTR-Q) The stock is rated a buy and is up over 50% since January.
- The Bank of Canada reported this week that the Canadian economy is on track to regain its full productive capacity sometime early next year.
- Bank of Canada Governor Mark Carney said this week that the bank is pondering an eventual move higher in its key interest rate, from its current rock-bottom level of 1%.
- A Bank of Montreal study finds more than 40% of Canadians surveyed are unsure about their ability to afford their homes in the case of a 2% interest rate hike. Read more.
- After years of trying, AFTRA and SAG have merged creating a new entity, SAG-AFTRA. How will this affect Canadian actors and our two unions?
- After rebounding from a 5 day losing streak last week, Apple shares were down 3.44% today to close at $587.44. Goldman Sachs raised its price target Wednesday to $750 and Henderson Global Investors said that Apple is “extremely undervalued” and should rise to $1,200 – without specifying a time frame.
Apple stock - 5 day range
