Business
Grocery code of conduct won’t drive prices higher, Sobeys chief executive says
By Rosa Saba, The Canadian Press on April 2nd, 2024
TORONTO – Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys’ parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline, who was the first retailer to speak ... Read More »
Be the first to comment!McDonald’s Canada launches new menu of customer hacks, new Lil Yachty jingle
By Tara Deschamps, The Canadian Press on April 2nd, 2024
Canadians who have combined their favourite McDonald’s dishes will soon get to see some of their creations hit the fast-food chain’s official menu – a phenomenon growing in popularity across the quick-serve industry. The golden arches announced its new Remix line on Tuesday, marketing a trio of limited-time sandwiches and a reimagined McFlurry with versions ... Read More »
Be the first to comment!US job openings rise modestly to 8.8 million in February in strong labor market
By Paul Wiseman, The Associated Press on April 2nd, 2024
WASHINGTON (AP) – U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. The Labor Department reported Tuesday that employers posted 8.76 million job vacancies in February, up modestly from 8.75 million in January and about what economists had forecast. But the Job ... Read More »
Be the first to comment!Tesla sales fall nearly 9% to start the year as competition heats up and demand for EVs slows
By Tom Krisher, The Associated Press on April 2nd, 2024
DETROIT (AP) – Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The Austin, Texas, company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year. Sales also ... Read More »
Be the first to comment!Renting for life? Here’s what that means for your financial planning
By Nina Dragicevic, The Canadian Press on April 2nd, 2024
Renting your home for life doesn’t have to spell financial sacrifice; it simply means directing your money elsewhere. Young people in today’s housing market can feel particularly hopeless, said Shelley Smith, an investment advisor at TD Wealth. Home prices are out of reach for many, and the higher cost of living makes saving for a ... Read More »
Be the first to comment!Stock market today: Wall Street opens lower as worries about high interest rates linger
By Zimo Zhong And Matt Ott, The Associated Press on April 2nd, 2024
NEW YORK (AP) – U.S. stocks are falling as worries about interest rates staying high continue to hem in the market. The S&P 500 was 0.8% lower early Tuesday. It set an all-time high last week. The Dow Jones Industrial Average fell 398 points. The Nasdaq composite was off 1.2%. One of the big reasons ... Read More »
Be the first to comment!Grocery code of conduct won’t drive prices higher: Empire chief executive
By The Canadian Press on April 2nd, 2024
TORONTO – Empire Co. Ltd. chief executive Michael Medline says there’s no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys’ parent company made the comment at a Retail Council of Canada event in Toronto today. Medline says he wouldn’t support a grocery code of ... Read More »
Be the first to comment!Drug company Apotex signs deal to buy Montreal-based Searchlight Pharma
By The Canadian Press on April 2nd, 2024
TORONTO – Drug company Apotex Inc. has signed a deal to buy Searchlight Pharma Inc. Financial terms of the transaction were not immediately available. Apotex chief executive Allan Oberman says Searchlight has a proven track record, deep institutional knowledge and a strong specialty and innovative branded product portfolio. Under the agreement, Searchlight will become a ... Read More »
Be the first to comment!Uber legacy: Class-action lawsuit by taxi drivers against Quebec begins
By Jacob Serebrin, The Canadian Press on April 2nd, 2024
MONTREAL – A trial opens Tuesday in a class-action lawsuit accusing the Quebec government of wiping out hundreds of millions of dollars in the value of taxi permits by allowing ride-hailing company Uber to operate and then by abolishing the permit system. The government’s negligence led to the disguised expropriation of taxi licences – without ... Read More »
Be the first to comment!Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
By Michael R. Sisak And Jennifer Peltz, The Associated Press on April 1st, 2024
NEW YORK (AP) – Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York appellate court ... Read More »
Be the first to comment!Donald Trump posts $175 million in civil fraud case, halting collection of massive judgment
By Michael R. Sisak And Jennifer Peltz, The Associated Press on April 1st, 2024
NEW YORK (AP) – Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York appellate court ... Read More »
Be the first to comment!
