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Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO
TORONTO — Gerry Schwartz, founder of Toronto-based private equity firm Onex Corp., will step down from his role as CEO of the company after nearly 40 years. The billionaire, who turns 81 this month, will remain chairman of Onex.
Nov 11, 2022 11:10 AM
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UN, Russia hold talks on extending wartime grain deal
GENEVA (AP) — Top Russian and U.N.
Nov 11, 2022 10:59 AM
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Emera puts clean energy projects in Nova Scotia on hold after rate cap
HALIFAX — Emera Inc. is putting capital spending on clean energy projects in Nova Scotia on hold as it works through the consequences of the Nova Scotia government's imposed rate cap on the parent company of Nova Scotia Power.
Nov 11, 2022 10:36 AM
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Thomson Reuters plans to acquire SurePrep in US$500 million deal
TORONTO — Thomson Reuters Corporation says it has signed a deal to acquire U.S. company SurePrep, LLC, in a transaction worth US$500 million.
Nov 11, 2022 9:54 AM
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Algonquin Power & Utilities reports Q3 loss, cuts guidance for full year
OAKVILLE, Ont. — Algonquin Power & Utilities Corp. reported a $195.2-million loss in its latest quarter and cut its financial guidance for the year. The power utility, which keeps its books in U.S.
Nov 11, 2022 7:30 AM
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Hydro One reports $307M third-quarter profit, up from $300M a year ago
TORONTO — Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year. The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.
Nov 11, 2022 7:29 AM
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Asian stocks surge after lower US inflation eases rate fears
BEIJING (AP) — Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. Hong Kong's market benchmark jumped 5.4%.
Nov 10, 2022 10:01 PM
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HarperCollins union begins strike, citing wages, diversity
NEW YORK (AP) — Some 250 copy editors, marketing assistants and other employees at HarperCollins Publishers went on strike Thursday, with the two sides differing over wages and benefits, diversity policy and union protection.
Nov 10, 2022 6:56 PM
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Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX
The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.
Nov 10, 2022 5:23 PM
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Aurora Cannabis CEO says company on track for profitability as it posts Q1 net loss
Aurora Cannabis Inc.'s chief executive insisted his company was on track to meet its profitability target even as it recorded a $51.9 million net loss and saw consumer pot net revenue fall 28 per cent from a year ago.
Nov 10, 2022 5:11 PM
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