Saks CEO Steps Down as Bankruptcy Looms
Marc Metrick, CEO of luxury retailer Saks Global, has stepped down as the company faces potential bankruptcy. Get the latest details on this major business shakeup.
Category : Corporate News
Court Orders Shopify to Retain Data for CRA Case
A federal appeal court has mandated Shopify Inc. to preserve specific data related to a Canada Revenue Agency investigation. This ruling impacts the Ottawa-based e-commerce giant's data retention policies.
Quebec CEO pay gap hits 236 times average salary
A new report shows Quebec's highest-paid CEOs earn 236 times more than the average worker. Explore the data and what it means for economic inequality in the province.
Denmark Ends Postal Mail, Should Canada Follow?
Denmark is eliminating postal mail delivery after 400 years. As physical mail volume plummets in Canada, an Edmonton reader argues it's time for a digital transition and a jobs plan for postal workers.
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Canadian CEOs earn 248 times more than average worker
A new report reveals a stark income divide in Canada, with top CEOs now earning 248 times the average worker's pay. Explore the data and its implications for economic inequality.
Warren Buffett's last day as Berkshire Hathaway CEO
Warren Buffett retires as CEO of Berkshire Hathaway on Dec. 31, 2025. A Canadian investment expert reflects on his enduring legacy and investment philosophy. Discover the impact of his final day.
Canada's Grocery Code of Conduct Takes Full Effect Jan. 1
Canada's grocery industry implements a new mandatory code of conduct on January 1, 2026, designed to ensure fairness between retailers and suppliers. Learn how this impacts the market.
Warren Buffett Steps Back, Berkshire Hathaway Enters New Era
With legendary investor Warren Buffett stepping back, Berkshire Hathaway faces a pivotal transition. Explore the details of his recent $750M donation and what this new chapter means for the conglomerate's future.
Lululemon tells employees 'business as usual' as founder challenges board
Lululemon management reassures employees operations remain normal as founder Chip Wilson contests board appointments. Get the latest on the internal corporate clash.
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SoftBank buys DigitalBridge for $3B in AI infrastructure push
Japanese giant SoftBank agrees to a $3 billion cash deal for DigitalBridge, aiming to capitalize on soaring AI-driven demand for data centres and digital infrastructure. Get the full details.
Lululemon founder pushes for board leadership change
Lululemon Athletica Inc. founder Chip Wilson is advocating for a change in the company's board leadership, according to a December 2025 report. Get the details on this major business development.
Lululemon founder pushes for board changes
Founder Chip Wilson nominates three new board candidates as Lululemon faces slowing growth and a CEO transition. Learn about the activist pressure and strategic challenges.
Lululemon founder launches proxy fight for board control
Lululemon Athletica founder Chip Wilson initiates a proxy battle to reshape the board following the CEO's departure, signaling major corporate upheaval for the Canadian retailer.
Tesla's multi-billion dollar battery deal collapses
A major battery supply agreement worth billions for Tesla has been terminated, with a final settlement of just over seven thousand dollars. Discover the details behind this stunning corporate reversal.
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SoftBank buys DigitalBridge in $4 billion AI infrastructure push
Japanese tech giant SoftBank Group is acquiring DigitalBridge in a massive US$4 billion deal to strengthen its global AI infrastructure. The move signals a major investment in data centers and cloud computing capabilities.
South Korea's L&F slashes value of Tesla battery material deal
South Korean firm L&F has significantly reduced the value of its battery material supply contract with Tesla. Explore the details and potential impacts on the EV supply chain.
Lululemon founder launches proxy fight for board changes
Chip Wilson, founder of Lululemon Athletica, has initiated a proxy battle to overhaul the company's board of directors. Get the latest details on this major corporate governance clash.
Hyundai Unable to Buy Back Russian Factory: Reuters
A Reuters source confirms Hyundai Motor cannot repurchase its former Russian plant, citing the ongoing war in Ukraine. Explore the implications for the automaker's global strategy.
Nvidia takes $5 billion stake in Intel
Nvidia has acquired a massive $5 billion stake in chipmaker Intel under a September agreement, reshaping the semiconductor landscape. Discover the details and implications of this landmark deal.
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Alberta's Top 10 Business Stories of 2025
A look back at Alberta's tumultuous 2025 business landscape, dominated by U.S. tariffs, a landmark energy MOU, and major corporate battles. Explore the year's defining moments.
Warren Buffett Retires from Berkshire Hathaway
The retirement of legendary investor Warren Buffett marks the end of an era for Berkshire Hathaway. Explore the impact on the conglomerate and its future.
CPPIB Invests $1B+ in Castrol Lubricants Stake
Canada's CPPIB invests up to $1.05B for a non-controlling stake in Castrol, partnering with Stonepeak in a major $10.1B energy sector deal. Read the full analysis.
CPP Investments buys stake in lubricants firm Castrol
Canada's CPP Investments has acquired a minority stake in global lubricants company Castrol. This strategic move diversifies the pension fund's holdings in the industrial sector. Read more on the details.
Silicon Valley dealmaker charmed Trump to give Intel a lifeline
A Silicon Valley financier's rapport with former President Trump proved pivotal in securing a crucial lifeline for Intel. Discover the inside story of this high-stakes deal.
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BP sells majority stake in Castrol for US$6 billion
BP Plc agrees to sell a 65% stake in its Castrol lubricants division to Stonepeak Partners for US$6 billion. The deal marks a key step in the energy giant's strategy to reduce debt and reset its business after a turbulent year.
CBS orders takedown of '60 Minutes' segment from Global News
CBS News has issued a takedown order after a '60 Minutes' segment was 'mistakenly' posted by Global News. The incident highlights ongoing content licensing disputes in broadcast media.
Saks Considers Bankruptcy as $100M Payment Looms
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Billionaire Ordered to Hand Media Empire to Kids
A Liechtenstein court has dismissed Zygmunt Solorz's appeal, forcing the transfer of his Polish media empire to his three children. The ruling ends a bitter family feud and boosted company shares. Read the full story.
Paramount's Warner Bros. offer insufficient, investor says
A key investor has rejected Paramount's new acquisition offer for Warner Bros. Discovery as inadequate. Get the latest details on this major media merger standoff.
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Amazon blocks 1,800 North Korean job applicants
Amazon confirms it blocked over 1,800 job applications from North Korea in 2025, highlighting corporate efforts to enforce international sanctions. Learn about the compliance measures.
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