Sleep Country buys Endy for $88.7 million, but the two will operate separately

Sleep Country buys Endy for $88.7 million, but the two will operate separately
TORONTO — Sleep Country Canada Holdings Inc.’s $88.7 million purchase of Canadian mattress start-up Endy won’t mean the two will be amalgamated or that the legacy brand will cease selling products from Endy’s bed-in-a-box competitors. Toronto-based Sleep Country said Friday that the two will operate separately and that Sleep Country won’t abandon selling the Bloom mattress-in-a-box that it launched in May 2017. “Bloom... Read More

Vermilion to operate Irish natural gas project for CPPIB, Norwegian energy giant

Vermilion to operate Irish natural gas project for CPPIB, Norwegian energy giant
CALGARY — Vermilion Energy Inc. says it’s now the operator of the Corrib natural gas project in Ireland on behalf of partners that include a subsidiary of the Canada Pension Plan Investment Board and Norway’s Equinor. The CPPIB’s Nephin Energy Holdings Ltd. is expected to hold a 43.5 per cent interest in the Corrib project after a series of transactions,... Read More

Mayweather, DJ Khaled settle over digital coin promotions

Mayweather, DJ Khaled settle over digital coin promotions
WASHINGTON — Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities. The Securities and Exchange Commission said the cases are its first involving charges for violating rules on touting investments in so-called initial coin... Read More

Next US moon landing will be by private companies, not NASA

Next US moon landing will be by private companies, not NASA
CAPE CANAVERAL, Fla. — America’s next moon landing will be made by private companies — not NASA. NASA Administrator Jim Bridenstine announced Thursday that nine U.S. companies will compete to deliver experiments to the lunar surface. The space agency will buy the service and let private industry work out the details on getting there, he said. The goal is to... Read More

Statistics Canada says pace of Canadian economic growth slowed in third quarter

Statistics Canada says pace of Canadian economic growth slowed in third quarter
OTTAWA — The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday. The Canadian economy grew at an annualized pace of 2.0 per cent in the third quarter compared with 2.9 per cent in the second quarter, matching the expectations of economists, according... Read More

As G-20 summit opens, contentious issues loom on sidelines

As G-20 summit opens, contentious issues loom on sidelines
BUENOS AIRES, Argentina — Heads of state from the world’s leading economies were invited to the Group of 20 summit to discuss issues like development, infrastructure and investment. As the gathering officially kicks off Friday, those themes seem like afterthoughts, overshadowed by contentious matters from the U.S.-China trade dispute to the conflict over Ukraine. Also expected to loom large amid... Read More

BRP Q3 revenue up 13% on strong demand, adjusted earnings above estimates

BRP Q3 revenue up 13% on strong demand, adjusted earnings above estimates
VALCOURT, Que. — BRP Inc.’s revenue for the third quarter was up 13 per cent from last year at $1.39 billion, slightly above analyst estimates, as the company benefited from strong demand and favourable currency exchange rates. Net income attributable to shareholders of the Quebec-based company, which makes Ski-Doo snowmobiles, recreational watercraft and off-road vehicles, was $90.3 million or 92 cents per... Read More

Massive, extended data breach at Marriott’s Starwood hotels

Massive, extended data breach at Marriott’s Starwood hotels
BETHESDA, Md. — The information of as many as 500 million people staying at Starwood hotels has been compromised and Marriott says it’s uncovered unauthorized access that’s been taking place within its Starwood network since 2014. The company said Friday that credit card numbers and expiration dates of some guests may have been taken. For about 327 million people, the... Read More