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WeWork to exit bankruptcy after judge approves restructuring plan

by Anas Siddiqui
WeWork to exit bankruptcy after judge approves restructuring plan

A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over …

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Hong Kong’s TVB gets nod to sell minority stake to finance firm as it seeks funds for new productions

by Ron Morgan
Hong Kong’s TVB gets nod to sell minority stake to finance firm as it seeks funds for new productions

Hong Kong’s communications watchdog has given the city’s biggest free-to-air broadcaster, TVB, approval to sell a minority stake to a financial firm as part of an exercise to raise HK$109.4 …

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Countdown to TikTok crackdown: Popular app could see U.S. ban in 9 months

by Walter Watson
Countdown to TikTok crackdown: Popular app could see U.S. ban in 9 months

TikTok now risks becoming a high-profile casualty of the cold-war sequel developing between China and the United States. It’s one of the world’s most popular social media platforms, wildly popular …

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Indigo agrees to go private after sale to holding company owned by chief executive’s spouse

by Anas Siddiqui
Indigo agrees to go private after sale to holding company owned by chief executive’s spouse

Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its …

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Canadian apparel maker Gildan Activewear is up for sale

by Anas Siddiqui
Canadian apparel maker Gildan Activewear is up for sale

Canadian clothing maker Gildan Activewear said on Tuesday that its board has decided to put the company up for sale following a review by a special committee. The embattled Montreal-based company says it received …

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Oprah Winfrey’s departure from WeightWatchers sends stock tumbling

by Anas Siddiqui
Oprah Winfrey’s departure from WeightWatchers sends stock tumbling

Former talk show host Oprah Winfrey is leaving the WeightWatchers board of directors and donating millions of dollars in the weight management firm’s stock to charity, the company said Thursday, sending its …

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Lululemon founder faces backlash for blasting company’s diversity, inclusion efforts

by Anas Siddiqui
Lululemon founder faces backlash for blasting company’s diversity, inclusion efforts

Lululemon’s controversial founder Chip Wilson is again facing criticism for his latest remarks regarding the company’s diversity and inclusion efforts. In a recent article by Forbes, Wilson objected to the company’s use …

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Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme

by Anas Siddiqui
Canada Bread blames former owner Maple Leaf Foods for price-fixing scheme

The bread supplier that admitted to price-fixing earlier this year says any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple …

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How nursing staffing agencies are costing Ontario hospitals untold millions

by Akin Smith
How nursing staffing agencies are costing Ontario hospitals untold millions

Hospitals across Ontario have dramatically ramped up their use of nurses from private staffing agencies to the tune of untold millions of dollars, according to the province’s auditor general. A …

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Mark Cuban agrees to sell majority share of NBA’s Dallas Mavericks

by Virginia Chavez
Mark Cuban agrees to sell majority share of NBA’s Dallas Mavericks

Dallas Mavericks owner Mark Cuban has entered into an agreement to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, …

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