Seven & i Holdings Co., the world’s largest convenience store operator, is betting US$21 billion on the future of quick-stop shopping in the U.S., reviving a once-abandoned deal to make sure the target didn’t fall into the hands of a competitor.
SNC to restructure resources business to be profitable next year
SNC-Lavalin Group Inc. is restructuring its money-losing resources business with a plan to sell off or shut down the non-profitable parts and fold the remnants into its engineering services division.
NordStar's deal for Torstar gets court approval after appeal request denied
An appeals court has paved the way for NordStar Capital LP to purchase newspaper publisher Torstar Corp. for $60 million.
Air Canada warns 'tremendous urgency' to ease restrictions as revenue sinks 89%
The Montreal-based airline says it lost $6.44 per diluted share, compared with net income equalling $1.26 per share or $343 million a year earlier.
"If you live in a location where the cost of living is dramatically lower, or the cost of labour is lower, then salaries do tend to be somewhat lower in those places."
Merck pushes ahead on COVID-19 treatment, vaccines
Merck & Co. plans to begin two large clinical trials in September of an experimental oral antiviral therapy for Covid-19, pushing ahead with efforts to bring another treatment option to market.
Fairfax Financial Q2 profits drop as first half COVID losses near US$400M
Fairfax Financial Holdings Ltd. says its net income attributable to shareholders decreased 12 per cent in its latest quarter as COVID-19 losses in the first six months of the year approached US$400 million.
Cargill pays record dividend to family owners after profits boom
Cargill Inc., the top privately owned company in America, paid its family owners a record dividend in its 2020 fiscal year after profit surged on the back of volatile agricultural markets.
Under Armour falls after warning counters earnings surprise
Under Armour Inc. managed to reach more customers than expected last quarter, even with most of its stores closed -- but the road ahead is looking bumpy.
Imperial Oil cautious on ramping up operations as it reports Q2 earnings miss
The CEO of Imperial Oil Ltd. says the company will be cautious in ramping up spending despite a recovery in fuel demand following the collapse earlier this year amid the COVID-19 pandemic lockdowns.