Day: December 4, 2018

Marlboro maker Altria the latest big company to explore pot

CanadianInvestor
Marlboro maker Altria the latest big company to explore pot
The maker of Marlboro cigarettes is joining some of the biggest names in beer in exploring the budding cannabis marketplace. Altria Group Inc., which owns Philip Morris USA, is the latest big company to show interest in marijuana. Late Monday, Canadian medical marijuana company Cronos Group Inc. confirmed talks with Altria about a possible investment. Altria, based in Richmond, Virginia,... Read More

CUV Ventures Corp. RevoluPAY® Signs Agreement to Handle Expedia and Booking Holdings Virtual Credit Card Payments for B&B and Small Hotels

Editor
CUV Ventures Corp. RevoluPAY® Signs Agreement to Handle Expedia and Booking Holdings Virtual Credit Card Payments for B&B and Small Hotels
VANCOUVER – CUV Ventures Corp. (TSX-V: CUV) announced that it has signed an agreement to permit owners or agents of bed & breakfasts and small hotels featured on Expedia and Booking Holdings branded websites to settle Virtual Credit Card payments received from online travel agents using a special merchant RevoluPAY® e-Wallet. About Expedia and Booking Holdings VCC Payments There are at... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,063.59, down 211.39 points). Aphria Inc. (TSX:APHA). Health care. Down $1.61, or 21.18 per cent, to $5.99 on 27.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 40 cents, or 5.32 per cent, to $7.12 on 9.8 million shares. Bombardier Inc. (TSX:BBD.B). Down 14 cents, or 6.19... Read More

Cohen Media Group purchases Landmark Theatre chain

CanadianInvestor
Cohen Media Group purchases Landmark Theatre chain
LOS ANGELES — An Oscar-winning production and distribution company is getting into the movie theatre business. Representatives from the Cohen Media Group say Tuesday the company has purchased Landmark Theatres, the nation’s largest independent theatre chain. Landmark Theatres has 252 screens in 27 cities and has been under the ownership of Todd Wagner and Mark Cuban’s 2929 Entertainment since 2003.... Read More

Economic chill dulls Chinese appetite for some luxury brands

CanadianInvestor
Economic chill dulls Chinese appetite for some luxury brands
BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already... Read More

Hackers had access to customer data on 1-800-Flowers.ca for four years

CanadianInvestor
Hackers had access to customer data on 1-800-Flowers.ca for four years
TORONTO — Floral and gourmet food retailer 1-800-Flowers.ca says hackers may have gained access to customer data from 75,000 Canadian orders, including names and credit card information, over a four-year period. The company says the security breach of its database of customer information spanned Aug. 15, 2014 to last Sept. 15. It began notifying affected customers at the end of November, and to date, it has... Read More

Metro Vancouver home sales and prices down to more ‘historical’ levels: board

CanadianInvestor
Metro Vancouver home sales and prices down to more ‘historical’ levels: board
VANCOUVER — Both sales and prices for Metro Vancouver homes have dropped in what the head of the Real Estate Board of Greater Vancouver says is a return to historical demand levels. Board president Phil Moore says home buyers have been taking a wait-and-see approach for most of 2018 and the slower activity has prompted home prices to edge downward across all property... Read More

WestJet aims for turnaround after turbulent year that saw profits plunge

CanadianInvestor
WestJet aims for turnaround after turbulent year that saw profits plunge
TORONTO — Westjet Airlines Ltd. says it aims to lift its lagging profits over the next four years, predicting earnings growth of 40 per cent on a per share basis between 2019 and 2022 after a turbulent year that saw profits plunge. Soaring fuel costs, labour unrest, and steep competition at home and abroad caused Canada’s second-largest airline to incur... Read More

AGT Food agrees to CEO-led go-private deal that values it at about $436 million

CanadianInvestor
AGT Food agrees to CEO-led go-private deal that values it at about $436 million
REGINA — AGT Food and Ingredients Inc. has agreed to be taken private by investors including CEO Murad Al-Katib in a deal that values the company at $436 million. The Regina-based company says it has elected to proceed with the $18-per-share transaction proposed last July upon the recommendation of a special committee of independent directors and a fairness opinion from TD Securities. In... Read More

Thomson Reuters to cut global workforce by 12%, slash 3,200 jobs

CanadianInvestor
Thomson Reuters to cut global workforce by 12%, slash 3,200 jobs
TORONTO — Thomson Reuters Corp. says it is cutting 12 per cent of its global workforce, or 3,200 full-time jobs, by 2020. The news and information company made the announcement at its annual investor day conference in Toronto. Executives at Thomson Reuters says the move is part of a larger plan to further reduce the company’s expenses over the next two... Read More