Unilever in Talks to Sell $33B Food Business to McCormick
Unilever Plc is negotiating the sale of its food division to McCormick & Co., potentially ending its competition with major food rivals and shifting focus to beauty and personal care.
Category : Corporate News
Vatican Campaign Urges Divestment from Mining
The Vatican has initiated a global campaign encouraging financial divestment from mining industries, citing environmental and ethical concerns. This move aligns with Pope Francis's ongoing efforts to reform Vatican finances and promote ecological responsi
Equity Funds See $20B Weekly Outflows, Biggest in 3 Months
Global equity funds experienced significant outflows of US$20 billion in a single week, marking the largest withdrawal in three months, according to recent data.
FedEx Stock Jumps 6% After Boosting Profit Forecast
FedEx shares surged over 6% pre-market after the delivery giant raised its full-year profit forecast, citing steady demand despite geopolitical tensions and high fuel costs. The company's Express segment performed strongly, offsetting freight softness.
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FedEx Shares Surge as Profit Forecast Rises
FedEx shares surged after the company reported resilient demand and raised its profit forecast, signaling strength in the logistics sector amid economic uncertainties.
Goldman Sachs: M&A Activity to Accelerate in 2026
Goldman Sachs forecasts a significant increase in mergers and acquisitions this year, driven by corporate cash reserves and strategic realignments, even amid ongoing global conflicts and market disruptions.
Amazon Dismantles Parts of New Barrhaven Distribution Centre
Amazon confirms it is dismantling portions of a new distribution centre being built by Broccolini in Barrhaven, Ottawa, raising questions about the project's status and timeline.
Unilever Food Business Sale Talks with McCormick Underway
Unilever confirms discussions with U.S. rival McCormick & Company regarding a potential sale of its food division, which includes Hellmann's and Knorr brands. The deal would combine these with McCormick's Cholula hot sauce amid shifting consumer trends.
Saskatchewan Budget 2026-27: Tax Benefits for Residents
The Saskatchewan provincial budget for 2026-27 introduces several tax benefits aimed at providing financial relief to residents, with the finance minister addressing concerns about municipal responsibilities.
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Construction Industry Seeks Audit on Provincial Fee Impact
Manitoba's construction sector is urging the auditor general to investigate a provincial jobs agreement, warning that fees could add millions to project costs and affect industry competitiveness.
Calgary Firm Behind Poilievre's Joe Rogan Kettlebell Gift
A Calgary industrial coating company, Black Box Customs, created a custom 70-pound kettlebell for Conservative Leader Pierre Poilievre to gift podcast host Joe Rogan, featuring intricate designs and personal nods.
U.S. Mint to Produce Trump Commemorative Gold Coin
The U.S. Mint can begin minting a Donald Trump commemorative gold coin after the arts commission approved the design, marking a significant numismatic release.
Enmax Dividend Drops to $64 Million in 2025
Enmax's annual dividend to Calgary fell sharply to $64 million in 2025, a significant drop from the previous year's record $103 million, due to a new policy aimed at stability.
Hudson's Bay Gets 3-Month Creditor Protection Extension
An Ontario court has granted Hudson's Bay Co. a three-month extension on creditor protection, allowing more time for art auctions and employee hardship fund distribution.
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DOJ Probe into Powell May Backfire, Bolstering Fed Chair
A Department of Justice investigation into Federal Reserve Chair Jerome Powell could inadvertently solidify his standing, potentially shielding him from political pressure and ensuring continuity in monetary policy during a critical economic period.
French Court Rejects Shein Suspension Bid
A French appeals court has denied a request to suspend the operations of Chinese fast-fashion retailer Shein, allowing the company to continue its business in France amid ongoing legal and regulatory scrutiny.
Ontario Court Extends Hudson's Bay Creditor Reprieve
An Ontario court has prolonged Hudson's Bay's respite from creditors, offering the retailer more time to restructure amid financial challenges, as other business and legal news unfolds across Canada.
3M Acquires Madison Fire in $1.95 Billion Safety Deal
Industrial giant 3M expands its safety and industrial business through a major acquisition of Madison Fire, valued at nearly $2 billion, enhancing its product offerings and market reach.
Halifax Tour Company Sold After 40 Years in Business
A Halifax tour company, known for its amphibious Harbour Hopper vehicles, has been sold after almost 40 years of operation, marking a significant shift in the city's tourism landscape.
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JPMorgan: Investors Complacent on Iran War Economic Risks
JPMorgan strategists warn that investors are underestimating the economic damage from soaring oil prices due to the Iran war, with potential GDP and earnings impacts.
Oil Hits $119, Stocks Sink Worldwide in Market Turmoil
Brent crude oil briefly exceeded US$119 per barrel before retreating, triggering a worldwide stock market decline as investors grapple with economic uncertainty and geopolitical tensions.
Saskatchewan's High-Spending Approach Creates Debt Crisis
Saskatchewan's government faces a fiscal crisis with $1.2 billion in debt interest costs this year, diverting funds from healthcare and education as deficits continue to grow.
Ex-Wife Accused of Stealing $238M Bitcoin After Divorce
A London court case reveals allegations that an ex-wife conspired with a hacker to steal over 2,323 Bitcoin worth $238 million, testing how digital assets are treated under English law.
Micron Shares Fall as Spending Plans Overshadow AI Earnings
Micron Technology reported robust earnings fueled by AI demand, but its shares declined due to concerns over heavy capital expenditure plans impacting investor sentiment.
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Investors Face Cloudier Fed Rate View Amid Iran War Market Turmoil
Federal Reserve interest rate forecasts grow uncertain as escalating conflict in the Middle East drives market volatility and oil price surges, complicating investor strategies.
EM Equities Slide Amid Middle East War, Oil Surges
Emerging market stocks decline sharply as escalating Middle East tensions drive oil prices higher, impacting global financial markets and investor sentiment.
Morgan Stanley Revises Fed Cut Forecasts on Inflation Fears
Morgan Stanley has joined other major banks in delaying expectations for Federal Reserve interest rate cuts, citing ongoing inflation pressures and economic data.
N.B. Budget's Historic Debt May Affect Credit Rating
Finance Minister Eric Girard highlights concerns that New Brunswick's budget, featuring record debt levels, could lead to a credit rating review, amid broader fiscal challenges across Canada.
Namib Minerals Names New CEO and Expands Leadership
Namib Minerals appoints Tulani Sikwila as CEO and welcomes Antonio Nieto as VP of Technical Services, strengthening leadership for strategic growth in African mining.
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Windsor's 'Buy Canadian' Snitch Line Pays $30K
A Windsor-based 'Buy Canadian' snitch line has paid out $30,000 to encourage use of Canadian steel in taxpayer-funded projects. Meanwhile, the Khalistan movement gains attention after a local woman's killing, and a Harrow manufacturer expands with Ontario
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