There might not be an association just a few weeks after Madalena Energy announced a “strategic” acquisition along with a $27 million equity financing C two transactions that were cancelled  – the organization has a new interim chief executive. On Thursday the company, which earlier this month announced instructions of intent to get one more 10 percentage point stake within ...

Shareholders of RONA gather in Montreal Thursday to vote on the $3.2 billion takeover by Lowe’s. For common shareholders, the problem seems a no-brainer. There isn’t any real alternative to tendering to the $24 a share offer, a cost that represents a proper premium to the shares’ recent trading price. And the prices are almost $10 higher than the sale ...

WASHINGTON – The U.S. Federal Trade Commission sued against Volkswagen AG for falsely advertising that thousands and thousands of its diesel vehicles were eco-friendly, when the German automaker knew these were actually emitting excess pollution. The FTC filed suit in U.S. District Court in San Francisco, stating that U.S. consumers suffered “billions of dollars in injury” because of VW’s deception. ...

TORONTO – French’s ketchup has won over another fan – the company that runs A&W restaurants in Canada. A&W says it has now chose to serve French’s Tomato Ketchup and Classic Yellow Mustard in all of its restaurants across Canada. The company has 850 locations across the nation, which makes it the second-largest burger chain in Canada. Related ‘Don’t take ...

Getting there C with new chief executives and groups of new directors for that firms that constitute Canada’s $100 billion real estate investment trust industry C within the next few years offers to be rather the ride. All companies is going to be affected – in large part because most of them are still run by their founders (who’re now ...

MONTREAL – Continuing a household legacy that stretches back more than a century, Dollarama has named the son of their CEO to accept reins at Canada’s largest chain of discount stores. Neil Rossy, Dollarama Inc.’s 46-year-old chief merchandising officer, will succeed his father, Larry Rossy, 73, at any given time when the Montreal-based clients are flying high, posting greater than expected earnings Wednesday, and ...

Barrick Gold Corp.awarded Executive Chairman John Thornton US$3.08 million as a whole compensation, 76 percent under this past year, after he threw in the towel his bonus within the wake of investor criticism of pay packages at the world’s largest gold producer. Thornton, 62, received a salary of US$2.5 million, US$204,090 in other compensation along with a pension value of US$375,000, the ...

NEW YORK – Fed Chair Janet Yellen said Tuesday the Fed still envisions a gentle pace of interest rate increases considering global pressures that could weigh on the U.S. economy. Yellen did not specify a timetable for further hikes to follow along with the Fed’s rate rise in December from record lows. She said the risks towards the Usa remain ...