WestJet Reverses Seat Plan After Passenger Backlash
WestJet has cancelled plans to reduce legroom on its flights following customer feedback, exposing the delicate balance airlines face in managing passenger comfort and profitability.
Category : Corporate News
Trump Can't Afford Canada: $17 Trillion Valuation
Author Diane Francis reveals her 2013 analysis showing Canada's value exceeds the U.S. by $17 trillion, making any Trump acquisition attempt financially impossible despite security concerns.
Asian Shares Rise on Wall Street Gains, Trump Greenland Shift
Asian stock markets climbed, mirroring Wall Street's positive momentum after former U.S. President Donald Trump reversed course on Greenland-related tariffs, easing trade tensions.
Calgary Tow Truck Owner Charged with Fraud
The owner of two Calgary tow truck companies has been charged with fraud following a police investigation. The case highlights ongoing scrutiny of the towing industry in Alberta.
Chinese VP Meets Top CEOs at Davos Forum
Chinese Vice Premier He Lifeng held private meetings with top executives including Tim Cook and Jamie Dimon at the World Economic Forum in Davos, emphasizing China's openness to foreign investment.
Discover Saskatoon Opposes City's SREDA Merger Proposal
Saskatoon city officials explore merging SREDA with Discover Saskatoon despite strong opposition from tourism leaders who warn it would halt economic development work.
Telesat Sued by Creditors Over Asset Transfers
Creditors have filed a lawsuit against Telesat Canada, alleging the company transferred valuable assets out of reach to avoid debt obligations ahead of major loan maturities.
Nathan's Famous Sold for $450 Million
The iconic Coney Island hot dog brand Nathan's Famous has been sold for US$450 million, marking a significant transaction in the American food industry.
Tobacco Company Sues Ottawa Over Unanimous Fee
A major tobacco company is taking legal action against the federal government over a fee that received unanimous support in the House of Commons, sparking a significant legal and political debate.
GFL Environmental Moves HQ from Vaughan to U.S.
Waste management giant GFL Environmental has relocated its executive headquarters from Vaughan, Ontario to Miami Beach, Florida, aiming to broaden its investor base while maintaining Canadian incorporation.
Lagarde Exits Davos Dinner Over US Criticism of Europe
European Central Bank President Christine Lagarde abruptly left a VIP dinner in Davos after US Commerce Secretary Howard Lutnick delivered a speech criticizing European economies, sources reveal.
Events East Group Appoints New President and CEO
Suzanne Fougere has been appointed as the new President and CEO of Halifax's Events East Group, marking a significant leadership change for the organization.
Amazon Investors Bet on AWS for Stock Revival
Amazon.com Inc. investors are optimistic that the company's cloud computing division, AWS, will drive a stock resurgence after years of underperformance against Big Tech rivals, fueled by AI demand.
MTY Food Group Raises Dividend by 12%
MTY Food Group Inc., a major Canadian restaurant franchiser, has announced a 12% increase in its quarterly dividend, signaling confidence in its financial health and future growth prospects.
Kraft Heinz Falls on Berkshire Stake Sale News
Kraft Heinz shares declined sharply after Berkshire Hathaway indicated potential sale of its 28% stake, adding pressure as the food giant prepares to split into two companies.
Lagarde Leaves Davos Dinner Over US Criticism of Europe
European Central Bank President Christine Lagarde abruptly exited a VIP dinner in Davos after US Commerce Secretary Howard Lutnick delivered remarks disparaging European economies.
Ryanair CEO O'Leary Dismisses Elon Musk Takeover Threat
Ryanair CEO Michael O'Leary has publicly dismissed recent speculation about a potential takeover bid by Elon Musk, calling the rumors unfounded and highlighting the airline's strong independent position.
GFL Environmental Moves HQ from Ontario to Miami Beach
GFL Environmental, a major Canadian waste management firm, has shifted its executive headquarters from Ontario to Miami Beach, Florida, marking a significant corporate relocation.
Ambiq Announces Public Offering of Common Stock
Ambiq Micro, a leader in ultra-low-power semiconductor solutions for edge AI, has commenced a public offering of 2.2 million shares of common stock to fuel growth and innovation in the competitive tech sector.
Canadian CEOs More Pessimistic Than Global Peers on Economy
A new survey reveals Canadian CEOs are significantly more pessimistic about economic prospects than global counterparts, with investment attractiveness declining.
J&J Forecasts 2026 Profit Above Estimates
Johnson & Johnson has released a financial forecast for 2026, projecting profits that surpass current Wall Street analyst estimates, signaling confidence in its business strategy.
Business Quiet as Trump Shakes Up World Economic Forum
As Donald Trump's unpredictable presidency roils global markets, corporate leaders remain conspicuously silent at Davos. Are they fearful of retaliation or quietly aligned with his agenda?
Musk Mulls Ryanair Purchase in CEO Dispute
Elon Musk has escalated his public feud with Ryanair CEO Michael O'Leary by floating the idea of buying the airline, raising questions about regulatory hurdles and market impact.
Netflix Amends Warner Bros. Deal to All-Cash in Bidding War
Netflix has modified its acquisition agreement with Warner Bros. Discovery to an all-cash offer, intensifying the bidding competition with Paramount Skydance Corp. for the iconic entertainment company.
Northland Acquires Full Denny's Canada Rights
Northland Properties has acquired complete trademarks and intellectual property rights for Denny's in Canada, marking a strategic expansion after 35 years as master franchisor.
Tech Titans Thrive After Backing Trump's Second Inauguration
Major Silicon Valley executives who supported Donald Trump's second inauguration have seen significant wealth growth and policy benefits during his administration, highlighting transactional Washington dynamics.
FTC Appeals Meta Monopoly Case Ruling
The U.S. Federal Trade Commission will appeal a federal judge's decision that Meta Platforms Inc. does not have a monopoly in social networking, marking a significant setback for the agency.
Sonoco COO Rodger Fuller to Retire After 40 Years
Sonoco Products Company announces Chief Operating Officer Rodger Fuller's retirement effective February 28, 2026, concluding his four-decade leadership journey with the global packaging firm.
Ryanair's 'Idiot' Sale Targets Elon Musk in Feud
Irish budget airline Ryanair escalates its public feud with Elon Musk by launching a sarcastic 'Big Idiot Seat Sale' on X, responding to Musk's insults against CEO Michael O'Leary.
Musk Polls X Users on Buying Ryanair Amid CEO Feud
Elon Musk has escalated his public feud with Ryanair CEO Michael O'Leary by polling X users about purchasing the airline, following disagreements over Starlink installation.
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