Disney ups Twenty-First Century Fox to more than $70.3B

Disney ups Twenty-First Century Fox to more than $70.3B
NEW YORK — The mouse is chasing the fox. Disney is upping the ante for Fox, making a $70.3 billion counterbid for Fox’s entertainment businesses following Comcast’s $65 billion offer for the company. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. They are amassing ever more programming to better compete with technology companies... Read More

Verizon to end location data sales to brokers

Verizon to end location data sales to brokers
Verizon is pledging to stop selling information on phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy, The Associated Press has learned. The data has allowed outside companies to pinpoint the location of wireless devices without their owners’ knowledge or consent. Verizon said that about 75 companies have been obtaining... Read More

Competition heating up for price-sensitive passengers as Swoop set to launch

Competition heating up for price-sensitive passengers as Swoop set to launch
MONTREAL — Competition is heating up for Canada’s most price-sensitive travellers as WestJet Airlines gears up to launch the country’s second ultra-low cost airline Wednesday. Swoop, an offshoot of WestJet Airlines, will make its maiden flight on its pink and white aircraft before the sun rises in Hamilton, Ont. on a trip to Abbotsford, B.C. “From my perspective coming into this fresh — I’ve been in... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,314.42, down 14.54 points) Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Up two cents, or 3.28 per cent, to 63 cents on 30.3 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 24 cents, or 1.94 per cent, to $12.14 on 12.9 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,328.96, up 63.14 points) Nemaska Lithium Inc. (TSX:NMX). Miner. Down three cents, or 3.09 per cent, to 94 cents on 5.04 million shares. Katanga Mining Ltd. (TSX:KAT). Miner. Down nine cents, or 6.67 per cent, to $1.26 on 4.8 million shares. Yamana Gold Inc. (TSX:YRI). Miner. Up 22 cents,... Read More

Transat: difficult to offset higher fuel prices with higher fares for customers

Transat: difficult to offset higher fuel prices with higher fares for customers
MONTREAL — Transat AT Inc. expects to have a more difficult summer season than last year as a result of a sudden increase in jet fuel prices since April and limited ability to pass along the cost to customers, senior executives told analysts Thursday. Annick Guerard, the travel company’s chief operating officer, said on a conference call that “we see most of the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,265.82, down 23.16 points) Katanga Mining Ltd. (TSX:KAT). Miner. Up four cents, or 3.05 per cent, to $1.35 on 8.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 16 cents, or 1.81 per cent, to $9.02 on 7.3 million shares. Nemaska Lithium Inc. (TSX:NMX). Miner. Down one cent,... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,202.69, up 9.91 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 34 cents, or 3.53 per cent, to $9.30 on 19.3 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down two cents, or 0.63 per cent, to $3.13 on 12.7 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up... Read More

Flexiti Financial taking over TD’s private label credit card portfolio

Flexiti Financial taking over TD’s private label credit card portfolio
TORONTO — Flexiti Financial says it’s acquiring TD Financing Services’ Canadian private label credit card portfolio valued at roughly $250 million. The Toronto company, which provides point-of-sale financing and payment technology, said the transaction provides it with a million new credit card customers and 900 new store locations for its network. The added locations bring Flexiti’s total network to 3,500 and make it a leading... Read More