- Research In Motion is cutting at least 2,000 jobs and has hired JP Morgan Chase and RBC Dominion Securities to help with its strategic review. It’s becoming clear that they are planning to either sell the company, split it up or downsize severely. The stock which traded for $140 in 2008 ended the week at $10.68.
- Both Rogers Media and Bell Media plan to try to outbid the budget strapped, publicly funded CBC for the broadcast rights to Hockey Night in Canada. CBC has owned the rights since 1952.
- Real estate: Garth Turner reported this week that in Vancouver sales are down 20%, listings have hit a 10-year high and the average price of a single family home is down a hundred grand.
- Lions Gate Entertainment reported a $22.7 million (U.S.) loss in it’s latest quarter due to higher marketing and acquisition costs. In January Lions Gate completed a $412.5 million acquisition of Summit Entertainment and now owns the Twilight and The Hunger Games franchises. The stock was down about 2.5% for the week.
- It was a rough week on the markets with continued worries about Spain and a disappointing U.S. Jobs report. On Friday U.S. markets had their worst day in 2012 with the Dow down 275 points or 2.2%. In Canada the markets did a little better due to gains in gold-mining stocks, the S&P/TSX was down 152 points or 1.32%.
- Here at Canadian Performer’s Money we recorded our most views ever on Friday and was contacted by The Globe and Mail requesting an interview. Special thanks to all those who leave comments regularly (Mr. CBB, Canadian MD Investor) and those who have liked me on Facebook (Chris Neighbors, His Fashion Blog).
Canadian Performer's Money
Financial education for performing artists
Interview with the Globe! Wow! The BigTime!
Congratulations. Obviously folks are reading. Some recognition, sorta keeps you moving forward, I hope.
How many hits did you get Friday?
They do a column called “Me and my money” where they profile different “real people” who invest. Here is this weeks. http://goo.gl/GGUWX
It should be good as they said I can plug my blog too. I will definitely post the link when/if it comes out next Saturday.
Friday I had 88 views.
PS. If you know the date, the interview is published, please put it on your blog, so I don’t miss it.
Many thanks…