It’s been a long, almost 10-year ride, but shareholders of Montreal-headquartered Jean Coutu Group are finally getting something back from the company’s ill-fated adventure south of the border.
This week, on the back of strong earnings, it announced a special $0.50 a share special dividend plus the buy-back of 22 million shares at $18.50 a share. The profits gained from the sale of its remaining stake in Rite Aid, a U.S. pharmacy chain will help with funding those two shareholder-friendly initiatives.
Iraq is sharpening a push to sell its swelling crude output and sit at oil’s top table with Saudi Arabia, sweetening terms for contract buyers next year, its customers say.
Iraqi Oil Minister Abdul-Kareem Luaibi held court to oil executives in Vienna’s Hotel Imperial last week on the sidelines of an OPEC meeting. Some buyers have said they were concerned by higher prices and variable quality.
Following yesterday's stark warning by the militant "black power" organization, the New Black Panther Party, which warned it would arrive in Cleveland packing firearms for self-defense ahead of the republican convention, we were curious how long it would take the various US authorities to admit that the upcoming Republican and Democratic conventions will be ground zero for the next round in escalating US violence. The answer, it turned out, was just about 24 hours.
Homeland Security Secretary Jeh Johnson said on Monday he reassigned the acting administrator for the Transportation Security Administration after earlier ordering improved security at U.S. airports. TSA failed to detect mock explosives and weapons in 95 percent of tests carried out by undercover agents.