Quebec’s Alimentation Couche-Tard started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven. Currently, 7-Eleven’s more than 84,000 locations across the globe are owned by Japanese retailer giant, Seven & i Holdings, which rejected an offer worth $38.5 billion … Read more
If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the global outage on July 19 that crashed more than eight million computers. In a proposed class action filed on Tuesday night in the Austin, Texas, federal court, shareholders said they learned that … Read more
Hamilton-based steelmaker Stelco Holdings Inc. is set to be acquired by U.S.-based Cleveland-Cliffs Inc. for $3.4 billion Cdn. Stelco said it has agreed to sell all issued and outstanding common shares for $70 per share to the Ohio-based steel producer. Stelco chief executive Alan Kestenbaum said he is confident Cleveland-Cliffs will remain a reliable supplier … Read more
Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and … Read more
OpenText Corp.’s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan. In an open letter to stakeholders released Wednesday, Mark Barrenechea describes the cuts as a way of “placing the right talent in the right locations of our business, funding growth and innovations, and completing these … Read more
With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada. Is CEO Stephen Jones nervous? “Not at all, we’re going to have a great summer,” said Jones, speaking to CBC News on the sidelines of the CAPA Airline Leader Summit in … Read more
This story idea came from audience members, like you, who got in touch with us. Email us your questions. We are listening: [email protected]. Current or former iPhone 6 and 7 users in Canada can now submit a settlement claim for a class-action lawsuit that could pay up to $150 to eligible users of the affected … Read more
Thieves got away with $30 million US in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now, detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles. Police Cmdr. Elaine Morales told The … Read more
Boeing CEO Dave Calhoun will step down from the embattled plane-maker at the end of the year as part of a broader management shuffle, capping a tumultuous five-plus years that have shaken faith in one of the U.S.’s most-storied manufacturers. In a letter to employees announcing his departure, Calhoun wrote that the company is focused on returning Boeing “to … Read more
