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report on business
Bird Global strikes deal to dominate e-bike and scooter rental market
Ka'ai Tom, of Oahu, Hawaii, and Brittany Janicki, from the Brooklyn borough of New York, cross the Roberto Clemente Bridge in Pittsburgh on SPIN scooters, Tuesday, July 20, 2021. (Jack Myer/Pittsburgh Post-Gazette via AP)
big deals
Jelly giant Smucker to buy Twinkies maker Hostess
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international business
Trump’s Truth Social gets a lifeline after deadline for big cash infusion is extended
(FILES) In this illustration file photo taken on October 20, 2021, shows a person checking the app store on a smartphone for "Truth Social," with a photo of former US President Donald Trump on a computer screen in the background, in Los Angeles. - A new investment vehicle linked to f Trump's fledgling social media venture surged early October 22, 2021, before trading was temporarily halted due to the volatility. Shares of Digital World Acquisition Corp, which is set to merge with Trump's "TRUTH Social" media startup, surged more than 200 percent before being suspended for several minutes on the Nasdaq. (Photo by Chris DELMAS / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images)
energy and resources
Chevron to operate fewer Permian rigs than anticipated in 2024
BURBANK, CALIFORNIA - MAY 22: The Chevron logo is displayed at a Chevron gas station on May 22, 2023 in Burbank, California. Chevron is doubling down in the shale sector with an acquisition of shale driller PDC Energy, which has operations in Colorado and Texas, in a $6.3 billion deal. (Photo by Mario Tama/Getty Images)
report on business
Dye & Durham completes sale of TM Group to Aurelius
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
report on business
Microsoft signs agreement to keep Call of Duty on Playstation
FILE PHOTO: Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File Photo
report on business
Canada’s finance ministry extends consultation period for RBC’s $13.5-billion bid for HSBC unit
FILE PHOTO: A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie
european business
Britain’s competition regulator clears Amazon’s US$1.7-billion deal for Roomba-maker iRobot
LARKSPUR, CALIFORNIA - AUGUST 05: Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store on August 05, 2022 in Larkspur, California. Amazon announced plans to purchase iRobot, maker of the popular robotic vacuum Roomba, for an estimated $1.7 billion. (Photo by Justin Sullivan/Getty Images)
report on business
Resolute Forest Products signs deal to sell pulp and paper mill in Thunder Bay, Ont.
Cedar planks are stacked at a lumber yard in Montreal, Tuesday, April 25, 2017. The Competition Bureau has approved the acquisition of Resolute Forest Products Inc. by Domtar Corp., a wholly-owned subsidiary of the Paper Excellence Group. THE CANADIAN PRESS/Paul Chiasson
technology
EU decision clearing Microsoft’s US$69-billion acquisition of Activision expected May 15, sources say
FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration
report on business
Ritchie Bros. Auctioneers Inc. completes acquisition of IAA Inc.
People look at industrial equipment during the Ritchie Bros. auction in Nisku, Alta., Tuesday, April 26, 2016. Ritchie Bros. Auctioneers Inc. announced it has closed its acquisition of U.S. firm IAA Inc. after a contentious few months that saw shareholders divided over the deal. THE CANADIAN PRESS/Codie McLachlan
inside the market
Friday’s analyst upgrades and downgrades
A Couche-Tard gas station and convenience store is seen in Vaudreuil-Dorion, Quebec, March 16, 2023. (Christinne Muschi /The Globe and Mail)
report on business
TD Bank says it received all required regulatory approvals for Cowen deal
A TD Bank branch is seen in Halifax on Thursday, March 30, 2017. TD Bank Group says its head of Canadian business banking Paul Douglas is stepping back from daily operations into the newly created position of chair of the division. THE CANADIAN PRESS/Andrew Vaughan
report on business
MTY Food Group reports $7.1-million fourth-quarter profit, revenue up 65% from year ago
The Groupe MTY offices are seen in Montreal on January 23, 2020. THE CANADIAN PRESS/Ryan Remiorz
international business
Advisory firm Innisfree sues Twitter for about US$1.9-million in unpaid bills
FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. October 27, 2022. REUTERS/Carlos Barria
international business
Advisory firm Innisfree sues Musk’s Twitter for $1.9 million in unpaid bills
FILE PHOTO: The logo for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. REUTERS/Brendan McDermid
report on business
OpenText Corp. sees revenues rise 2.4% in latest financial quarter
The OpenText building in Waterloo, Ont.
report on business
Canaccord Genuity signs deal to buy Mercer’s Canadian private wealth business
Ac Canadian flag flies in the Bay Street financial district in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
report on business
Competition Bureau approves sale of Resolute Forest Products to Domtar Corp.
Cedar planks are stacked at a lumber yard in Montreal, Tuesday, April 25, 2017. The Competition Bureau has approved the acquisition of Resolute Forest Products Inc. by Domtar Corp., a wholly-owned subsidiary of the Paper Excellence Group. THE CANADIAN PRESS/Paul Chiasson
international business
EU clears Germany’s plan to take over gas giant Uniper
FILE PHOTO: Logo of Uniper is pictured at the company's headquarters in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay
international business
Amgen to buy drugmaker Horizon Therapeutics in US$26.4-billion deal
FILE - This photo shows signage outside the Amgen headquarters in Thousand Oaks, Calif on Nov. 9, 2014. Amgen will acquire Horizon Therapeutics, a biopharmaceutical company that focuses on treatments for rare, autoimmune diseases, in a deal valued at approximately $26.4 billion. (AP Photo/Mark J. Terrill, File)
report on business
Crescent Point to acquire Kaybob Duvernay drilling assets from Paramount Resources
Oilfield pumpjacks, belonging to Crescent Point Energy, work pumping crude oil on wells near Shaunavon, Saskatchewan on Aug. 26, 2016. THE CANADIAN PRESS IMAGES/Larry MacDougal
inside the market
Friday’s small-cap stocks to watch
A screen displays a chart that tracks the Dow Jones Industrial Average, after the closing bell on the floor of the New York Stock Exchange (NYSE) on May 4.
report on business
New Brunswick seafood giant Cooke Inc. acquires Australia’s Tassal Group for $1.5-billion
workers position their boats at a Cooke Aquaculture salmon farm near Blacks Harbour, N.B., on July 13, 2017. New Brunswick seafood giant Cooke Inc. says it has completed a $1.5-billion acquisition of Australian seafood producer Tassal Group Ltd. The parent company of Cooke Aquaculture Inc. says the deal is the largest-ever purchase for the family-owned company since its launch in 1985. Cooke says it acquired all outstanding shares of Tassal for AUD$5.23 per share following approval by Tassal shareholders and an Australian court. Glenn Cooke, CEO of Cooke, says the company is thrilled to join the Tasmanian aquaculture industry and welcomes Tassal’s 1,700 employees to the Cooke family of companies. THE CANADIAN PRESS/AP, Robert F. Bukaty
international business
Binance deal for FTX collapses, crypto worries mount
Binance and FTX logos are seen in this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/Illustration
report on business
Tribunal dismisses competition regulator’s challenge of grain elevator acquisition
report on business
Telus International acquiring U.S.-based mobile app company for US$1-billion
A woman is silhouetted as the Telus Corp. logo is displayed on a screen during a company event in Vancouver on Friday, October 2, 2015. THE CANADIAN PRESS/Darryl Dyck
globe investor
Inflation, higher interest rates are changing the math for Canada’s serial acquirers
Canadian convenience store giant Alimentation Couche-Tard Inc. says high fuel prices and food inflation are impacting customers and driving sales of its private label brand. A Couche Tard store is seen, Tuesday, September 20, 2016 in Deux-Montagnes, Quebec. THE CANADIAN PRESS/Ryan Remiorz
report on business
Credit Agricole and Santander’s CACEIS to buy RBC Investor Services’ Europe unit
FILE PHOTO: A Credit Agricole logo is seen outside a bank office in Reze, near Nantes, France, June 20, 2022. REUTERS/Stephane Mahe
report on business
Equitable Bank says Chrystia Freeland has approved company’s deal to buy digital rival Concentra
Deputy Prime Minister and Finance Minister Chrystia Freeland rises during Question Period, Wednesday, September 28, 2022 in Ottawa. Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. THE CANADIAN PRESS/Adrian Wyld
report on business
TD taps Cowen ranks for new co-heads of investment banking and global markets
TD Bank Group reported a third-quarter net income of $3.21 billion, down from $3.55 billion a year ago. A man walks past the TD Bank in the Bay Street Financial District in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
international business
Australia’s Atlas Arteria scoops up 67% stake in Chicago Skyway for $2.01-billion
Petcoke is stored on barges on the Calumet River near the Chicago Skyway Bridge in Chicago. Chicago Mayor Rahm Emanuel has ordered the city Health Department to adopt regulations for petcoke, while aldermen introduced competing ordinances to regulate or ban it outright.
energy and resources
Calgary’s Tamarack Valley signs deal to buy Deltastream Energy for $1.425-billion
An oil and gas pumpjack is shown near Cremona, Alta., Thursday, Oct. 1, 2020. THE CANADIAN PRESS/Jeff McIntosh
international business
Australian competition regulator says it won’t oppose $1.67-billion Link buyout by Dye & Durham
The logo for Dye & Durham Ltd. is shown in this undated handout photo. THE CANADIAN PRESS/HO
investment ideas
Trump media deal suffers blow as SPAC fails to win extension
Former president Donald Trump speaks to supporters at a rally to support local candidates at the Mohegan Sun Arena on Sept. 3, 2022 in Wilkes-Barre, Pennsylvania.