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Corus accuses Rogers of ‘predatory behaviour’ that undercuts broadcasting competitors

by Anas Siddiqui
Corus accuses Rogers of ‘predatory behaviour’ that undercuts broadcasting competitors

Corus Entertainment Inc. has filed a complaint with Canada’s broadcasting regulator alleging Rogers Communications Inc. is “engaging in predatory behaviour” to suppress potential competition. In a July 26 letter to …

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Nvidia Makes Up Half of Mark Stevens’ $8.8 Billion Net Worth

by Edgar Davis
Nvidia Makes Up Half of Mark Stevens’ .8 Billion Net Worth

What if you invested in Nvidia 30 years ago, before it went public, and held on? Venture capitalist Mark Stevens is currently one of Nvidia’s top individual shareholders, second only …

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NCLT approves Raymond group entities’ strategic demerger, amalgamation

by Ron Morgan
NCLT approves Raymond group entities’ strategic demerger, amalgamation

The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, …

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Tesla renews legal fight to reinstate Elon Musk’s $56B pay package after shareholders back deal

by Edgar Davis
Tesla renews legal fight to reinstate Elon Musk’s B pay package after shareholders back deal

Tesla launched a fresh bid to secure legal reinstatement of Elon Musk’s controversial $56 billion pay package on Monday – days after the company’s shareholders voted to ratify the record-setting …

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After Elon Musk’s $56B pay win, Tesla faces judge who called it ‘unfathomable’

by Edgar Davis
After Elon Musk’s B pay win, Tesla faces judge who called it ‘unfathomable’

Tesla boss Elon Musk let Delaware know it can eat cake as the company reportedly put in paperwork to shift its incorporation from the First State to the Lone Star …

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Global News lays off employees in Alberta, British Columbia and Ontario

by Anas Siddiqui
Global News lays off employees in Alberta, British Columbia and Ontario

More than two dozen people in Alberta, British Columbia and Ontario have been let go from their jobs at Global News this week, with its parent company placing blame on “the current economic …

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National Bank reaches deal to buy Canadian Western Bank at $5B valuation

by Anas Siddiqui
National Bank reaches deal to buy Canadian Western Bank at B valuation

Canada’s banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion. …

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Chinese companies rush to raise dividends, buy back shares in Japan-style reform

by Anas Siddiqui
Chinese companies rush to raise dividends, buy back shares in Japan-style reform

China’s measures, designed to improve investor returns and announced in March, have triggered a solid rebound in stocks; the benchmark CSI300 index is up almost 17 per cent from February’s …

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Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

by Anas Siddiqui
Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. Shareholders voted Monday in favour of a $2.50 per …

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Court greenlights shareholder class-action lawsuit against Bombardier

by Anas Siddiqui
Court greenlights shareholder class-action lawsuit against Bombardier

A Quebec judge is authorizing a class action from shareholders against Bombardier Inc. over claims that the plane maker presented a false picture of its financial situation in 2018, a …

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