“It’s a large amount of money. It’s insanely large,” said Leblanc. “That type of extreme activism at a Canadian company can actually promote fraud, and that’s exactly what happened at Valeant”
Ford forecasts lower 2017 profits due to higher costs
Ford Motors on Thursday said it expects its 2017 adjusted pretax profit be lower than a year earlier due to investments in ventures including self-driving cars.
Disney extends CEO Bob Iger's contract to 2019
This is the third time Iger's contract has been extended. Iger first said he would retire in April 2015, before agreeing to stay on through June 2016 and then later agreed to remain until June 2018.
De Beers buys out 50% stake from retail partner LVMH
Analysts said the joint venture no longer fitted LVMH's strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin diamond retail market.
Sears shares sink as creditors, investors fret over going-concern risk
Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.
McDonald’s targets millennials with Big Mac sauce at grocery stores
McDonald’s says it plans to sell Big Mac, Filet-O-Fish and McChicken sauce in bottle form at Canadian grocery stores. BNN’s Paige Ellis explains why this is a ploy to lure millennials, many of whom have never tried Big Macs.
Starbucks Canada has committed to hiring at least 1,000 refugees over the next five years, the coffee giant said Wednesday.
Trican buying rival oilfield services firm Canyon in $637M deal
Canadian oilfield services provider Trican Well Service Ltd (TCW.TO) said it would buy smaller rival Canyon Services Group Inc (FRC.TO) in a deal valued at about $637 million, including debt.
Shoppers Drug Mart computer outage affects debit at its 1,300-plus locations
Shoppers Drug Mart said Wednesday it resolved a computer outage that began Monday night, affecting more than 1,300 locations and preventing customers from paying with debit cards and using the retailer's loyalty points program.
Enbridge to cut 1,000 positions after buying Spectra
Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 per cent of its work force, after buying Spectra Energy Corp of Houston.