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
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
File, | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty hit their fresh all-time high levels in early trade on Monday (September 2, 2024) tracking foreign fund inflows and a rally in the US markets. Equity markets have been continuously rallying amid the US rate cut hopes gathering momentum and renewed foreign fund inflows. … Read more
File. | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday (August 27, 2024) due to the emergence of profit-taking amid rising geopolitical tensions in the Middle East and Ukraine. The NSE gauge, however, hit a new lifetime peak of 25,017. After oscillating … Read more
NetEase Cloud Music, the Hong Kong-listed Chinese music-streaming service with more than 200 million monthly active users, reported a widespread outage for over two hours on Monday afternoon, blaming infrastructure issues. Starting from 3pm, users said online that while the mobile and web apps could be opened, they were unable to play music. Instead they … Read more
Mumbai: India’s equity indices closed lower on Thursday following a hawkish stance by the Reserve Bank of India (RBI) governor on monetary policy. At closing, Sensex fell 581 points, or 0.73 percent, to 78,886 and Nifty slipped 180 points, or 0.74 percent, to 24,117. The Central Bank kept the repo rate unchanged at 6.5 percent, … Read more
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by 1.6 per cent in midday trading and on track to break a brutal three-day losing streak. It had tumbled a bit more … Read more
Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more
Canadian retailer Loblaw Cos. Ltd.’s net income fell 10 per cent in the second quarter from the same time last year, a decrease that the company attributed primarily to charges related to the settlement of class action lawsuits. Income in the second quarter fell to $457 million, or $1.48 per share, from $508 million, or $1.58 per … Read more
Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company. Based in Longueuil, Que., Héroux-Devtek is one of the … Read more
