Tagged: Ottawa

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Toshiba’s chip sale to consortium wins regulatory approval

TOKYO — Japanese electronics company Toshiba Corp. said Thursday the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including one it was awaiting from China. That means the deal, valued at 2 trillion yen ($18 billion), can now close by June […]

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William Watson: Ontario’s politicians flunk Econ 101 (again) with rent control

What protection do renters have against unscrupulous landlords? Other landlords — and lots of them

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JC Penney outlook spooks Wall Street

PLANO, Texas — J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue. The company’s outlook for the year is short of most projections, however. Shares slid 5 per cent early Thursday. The loss was $78 million, or 25 cents per share. The loss, adjusted for […]

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Enbridge to consolidate assets in $11.4 billion restructuring

Pipeline giant to bring its independent units and liquids and gas pipeline assets under a single listed entity

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Walmart beats all around, with e-commerce sales rebounding

NEW YORK — Walmart is reporting better-than-expected profit and revenue for the first quarter with rebounding e-commerce sales. Revenue at Walmart stores opened at least a year rose 2.1 per cent, the company said Thursday, also surprising Wall Street. It’s an encouraging report from Walmart, which like other retailers is looking at new ways to […]

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How to lead through immense instability toward smoother skies

Air Canada's Calin Rovinescu: Have a clear vision for the future, and be capable of explaining it in bite-size pieces

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Enbridge offers $11.4-billion in stock to investors in four affiliate companies

CALGARY — Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices. If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one […]

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The big bang theory of disruption

It's success for those who get to this level of value creation, and a disaster for incumbents, who swiftly become obsolete. How not to be that company

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