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SmileDirectClub shuts down months after filing for bankruptcy protection

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SmileDirectClub shuts down months after filing for bankruptcy protection

SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for bankruptcy protection. In a Friday announcement, the U.S.-based company that was operating in multiple countries, including Canada, said it had made an “incredibly difficult decision to wind down its global operations, effective immediately.” That leaves existing customers in limbo. SmileDirectClub’s aligner treatment through … Read more

McDonald’s eyes record global expansion in coming years, with more focus on delivery

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McDonald’s eyes record global expansion in coming years, with more focus on delivery

McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per cent from more than 40,000 McDonald’s locations in operation today. The company says its anticipated expansion would represent the … Read more

Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

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Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for seven years, acting as a “liaison” for homeowners needing help with the logistics of running a listing on the accommodation site. At the peak of … Read more

For Blue Jays owner Rogers, signing Shohei Ohtani is about more than just baseball

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For Blue Jays owner Rogers, signing Shohei Ohtani is about more than just baseball

The Toronto Blue Jays are reportedly one of the last teams still in the running to sign baseball’s superstar Shohei Ohtani. Baseball insiders say it will take between $500-$600 million to land the Japanese phenom. But for Rogers Communications, the company that owns the team, this isn’t just about baseball. They want Ohtani to come to … Read more

Ottawa getting $40 million refund from former parent company of Quebec COVID vaccine maker

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Ottawa getting million refund from former parent company of Quebec COVID vaccine maker

Ottawa will be getting a $40 million refund after it gave Quebec City-based biopharmaceutical company Medicago more than $300 million to develop and manufacture a home-grown COVID-19 vaccine that never made it to market. The news comes after Conservative, Bloc and NDP MPs on the House of Commons health committee grilled staff from Canada’s procurement department this … Read more

Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme

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Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme

The bread supplier that admitted to price-fixing earlier this year says any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods. In a statement of defence for a class-action lawsuit alleging a bread price-fixing scheme, Canada Bread denies participating in a “lengthy, wide-ranging conspiracy” … Read more

This Detroit street can charge EVs as they drive

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This Detroit street can charge EVs as they drive

Crews have installed what’s billed as the first wireless-charging public roadway in the U.S. for electric vehicles. It’s beneath a street just west of downtown Detroit. Copper inductive charging coils allow vehicles equipped with receivers to charge up their batteries while driving, idling or parking above the coils. The segment of 14th Street will be … Read more

Jai Corp’s Virendra Jain makes highest bid for Rolta India

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Jai Corp’s Virendra Jain makes highest bid for Rolta India

Mumbai: Virendra Jain, vice-chairman of Jai Corp, has emerged as the highest bidder for the debt-laden Rolta India with a ₹725-crore bid that includes some conditional payments, people familiar with the process said. Jain is bidding in his personal capacity for the company that faces probes into alleged instances of fraud. The company received nine … Read more

‘It scared the hell out of me,’ says lead plaintiff in proposed class-action suit over data breach at 23andMe

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‘It scared the hell out of me,’ says lead plaintiff in proposed class-action suit over data breach at 23andMe

A proposed class-action lawsuit against 23andMe could include more people in Canada than originally anticipated, experts say, after the genetic testing company said a data breach affected millions more customers than initially believed. A statement from the company on Tuesday said hackers have gained access to roughly 6.9 million profiles on the site — nearly half its … Read more