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.
Category : Corporate News
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.
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.
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.
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.
Corus Entertainment amends credit deal for debt breathing room
Corus Entertainment Inc. has renegotiated its credit agreement with lenders, gaining crucial financial flexibility to manage its debt load. The deal provides the Canadian broadcaster with increased operational breathing room.
Instacart Halts AI Price Experiments After Criticism
Instacart has terminated its AI-driven dynamic pricing tests following user criticism. The grocery delivery service faced scrutiny for algorithm-based price fluctuations. Learn what this means for Canadian shoppers.
Ellison's $40.4B Guarantee for Paramount's Warner Bid
Oracle's Larry Ellison provides a massive $40.4 billion financial guarantee to bolster Paramount Global's acquisition bid for Warner Bros. Discovery. Details on the deal.
Ex-Disney Strategist Sees Paramount Winning Warner Bros.
Former Disney executive Kevin Mayer forecasts Paramount will raise its bid and acquire Warner Bros. Discovery. Key investors are pushing for a higher offer in the high-stakes media merger.
Barrie Icon Paul Sadlon Sr. Passes Away at 93
Paul Sadlon Sr., a prominent Barrie businessman, car dealership owner, and major community philanthropist, has died at the age of 93. Learn about his life and legacy.
Elon Musk becomes first person worth $700 billion
Elon Musk's wealth soars to an unprecedented $700 billion following a court ruling upholding his Tesla pay package. This milestone solidifies his position as the world's richest person.
Ex-NHLer Gets Green Light for Horse Carriage Business
A former National Hockey League player has received official approval to operate a unique horse-drawn carriage service. Discover how sports and tradition are merging in this new Canadian venture.
Elon Musk's $139B pay deal restored by judge
A Delaware judge has reinstated Elon Musk's monumental 2018 compensation package worth $139 billion, concluding a years-long legal dispute. Explore the details and implications.
BrandSafway Ranked 6th Top Specialty Contractor by ENR
Engineering News Record ranks BrandSafway sixth globally among specialty contractors. The firm has held a top-ten spot for 17 years, supporting iconic projects from Toronto to Norway.
French court rejects suspension of Shein platform
A Paris court has dismissed a legal bid to suspend the Chinese fast-fashion giant Shein's operations in France. The decision allows the platform to continue its business amid ongoing scrutiny.
IPS to Acquire TechPro Power Group in Strategic Deal
Integrated Power Services (IPS) has agreed to acquire TechPro Power Group, creating a powerhouse with over 2,200 technicians to serve data centers, utilities, and industrial sectors across North America.
WildBrain sells Peanuts stake to Sony for $630M
Canadian media company WildBrain has sold its major stake in the iconic Peanuts franchise to Sony for $630 million. Discover the details and implications of this major entertainment deal.
BP's Canadian CEO Ousted in Strategy Clash with Chair
BP abruptly replaced CEO Murray Auchincloss after repeated clashes with new chair Albert Manifold over the oil giant's strategic direction. Read the inside story of the leadership shakeup.
Nike's China Struggles Continue, Shares Slump
Nike faces deepening challenges in China as its business turnaround stagnates, leading to a significant drop in its stock price. Analysis of the sportswear giant's ongoing conundrum.
BlackBerry reports Q3 profit of US$13.7 million
Canadian tech firm BlackBerry swung to a Q3 profit of US$13.7 million, a significant turnaround from last year's loss. Discover the details behind the company's financial rebound.
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