Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.
Tags: Canada
Major oil firms have biggest war chests for takeovers
The continuous oil price fall is one side of the coin. The other side is showing rosy picture as six major oil companies have more than enough funds to snap up competitors. It's estimated that world's top six listed oil companies have over $0.5 trillion in stocks and cash enough to fund takeovers plans. ExxonMobil lead the pack, while Chevron, BP Plc, Shell, ConocoPhillips and Total are in the top-six positions.
Bargain buying creates robust US demand for gold
The stock market crash this summer drove US investors towards safe haven investment. The US investors started buying gold bars and coins in the wake of August meltdown.
Microsoft's Surface Book will not be launching in UK until spring 2016
Microsoft's convertible laptop, Microsoft Surface Book, has six months delay on its launching in the U.K. While its pre-order in the U.S. has been available since Oct. 26, the device will not be available in the U.K. until March or April 2016.
Molson Coors to buy SABMiller's stake in Miller Coors
Denver-based Molson Coors Brewing Co is in advanced stage of buying rest of the stake of SABMiller in Miller Coors LLC for $12 billion. This buyout will make the way clearer for $106-billion merger of SABMiller Plc and Anheuser-Busch InBev NV.
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The oil drilling activity in Canada is taking a hit as crude oil price is still hovering at $50 a barrel. The current situation is forcing Canadian oil companies to lower drilling activity in 2016.
Right after defeating his rivals, Canada's new Prime Minister is immediately under heavy pressure to perform and deliver on his promises, especially on climate change, legalizing marijuana, and fighting terrorism.
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over the tax on imported equipment. AltaGas has drawn a plan to export Liquefied Natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with the government. AltaGas is optimistic that the dispute will be resolved shortly and expected to take the project off in November.
On Wednesday, McDonald's announced its plan to fully transition to cage-free eggs in the U.S. and Canada over the next 10 years. The all-time favorite fast-food restaurant will join the booming number of restaurants and food companies making the same commitment to meet consumer demand, reported by Chicago Tribune.
As part of its business expansion drive, craft beer maker BrewDog is raising funds through Crowdcube, which is UK's biggest crowdfunding platform. The Scottish BrewDog will raise GBP 25million though two crowdfunding routes by next April.
Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand, particularly from China.
Amazon announced Wednesday that it will offer its Prime Instant Video service in Japan next month, going toe-to-toe with rival Netflix in the video streaming industry.
Prices of various precious metals have dropped, hitting junior miners. This prompted the junior miners to venture on various unconventional options, ranging from exporting eggs to farming medical marijuana.
Madewell, a smaller J. Crew brand, recalled 50,600 pairs of sandals that were sold online in Canada and the US. The recall was done because a metal shank from the inside of the shoe can dislodge and come out of the bottom of the outsole. When this happens, it could pose a fall hazard for the wearer.
