WisdomTree Investments Acquires Questrade ETFs

WisdomTree Investments Acquires Questrade ETFs

WisdomTree Investments, an exchange-traded fund and exchange-traded product sponsor and asset manager, said pre-market Friday its subsidiaries have agreed to acquire Questrade exchange-traded funds. Financial terms of the acquisition were not disclosed. The company said WisdomTree Asset Management Canada and WisdomTree Asset Management entered into a series of agreements with both Questrade Wealth Management and a sister company through which WisdomTree Canada will offer ETFs on a commission-free basis on […]

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Western Digital’s CEO Travelling to Japan Next Week

Western Digital’s CEO Travelling to Japan Next Week

Western Digital (WDC) CEO Steve Milligan will travel next week to Tokyo next week to meet with Toshiba President Satoshi Tsunakawa to hatch a plan to make shareholders more accepting of a buyout of Toshiba’s chip business by Western Digital, according to reports. The two companies have been in a bitter fight over Toshiba’s chip business, whose main plant in western Japan is jointly operated with Western Digital. Toshiba wants […]

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Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer stocks were mostly higher Wednesday, with shares of consumer staples companies in the S&P 500 adding about 0.5% in value while shares of consumer discretionary firms in the S&P 500 were climbing 1.2%. In company news, XO Group Inc. (XOXO) was in a deep hole Wednesday despite the targeted content and marketing company late yesterday swinging to a Q4 profit, beating Wall Street expectations, as revenue grew compared with […]

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Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52 per barrel. Earlier in the day WTI and Brent had […]

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