On Jan. 3, the company that owns the chain of department stores announced a group headed by executive chairman Richard Baker raised its going-private offer to $11 per share, satisfying Catalyst Capital Group, its leading rival shareholder which controls about 17.5 per cent of the company's common shares.
Airbus agrees to settle bribery cases for about US$3B
A final agreement could be announced as early as this week, according to people familiar with the matter. The preliminary deal remains subject to approval by courts and authorities in the three countries, Airbus said in a statement Tuesday.
Metro raises quarterly dividend despite earnings miss
The increased payment to shareholders came as the company said it earned 67 cents per diluted share for the quarter ended Dec. 21 compared with a profit of $203.1 million or 79 cents per diluted share a year ago when its results were boosted by the sale of its investment in Colo-D Inc.
Chick-fil-A's war with Popeyes drains supply of little chickens
“Consumers don’t want tough and tasteless big chickens,” said Scott Sechler, owner of poultry producer Bell & Evans.
The advertising world mobilized in 2019, focusing on social justice and empowerment against a backdrop of tense social and political discourse. One marketing strategist said the brands that leaned into that debate are the ones which had the greatest success this past year.
GM's Super Cruise joins Tesla's autopilot in the passing lane
The new version of Super Cruise will enable the vehicle to change lanes like Tesla Inc.’s Navigate on Autopilot driver-assist feature.
3M to cut 1,500 jobs in revamp amid auto, electronics woes
The cuts prompted a pretax charge of US$134 million, the company said in a statement Tuesday as it reported earnings. The revamp will lead to pretax savings of as much as US$120 million a year.
Boeing receives more than US$12B of orders for new loan
Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.
Labatt acquires B.C. distillery known for ready-to-drink alcoholic beverages
Labatt Breweries of Canada has acquired a Delta, B.C.-based distillery known for its ready-to-drink alcoholic beverages -- a growing segment in a struggling beer market.
GM's Detroit plant going all-electric starting late next year
General Motors Co. affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year.