North American stock markets post rebound on health care news, technology deals

North American stock markets post rebound on health care news, technology deals
TORONTO — Promising news in health care and some big technology deals helped fuel a broad-based rebound on stock markets in Canada and the U.S on Monday after last week’s sharp downturn. On Wall Street, Nvidia shares jumped after it announced plans to buy fellow chipmaker Arm Holdings in a deal worth up to US$40 billion, and Oracle rose after... Read More

Kingswood Capital to acquire Mountain Equipment Co-op through CCAA proceeding

Kingswood Capital to acquire Mountain Equipment Co-op through CCAA proceeding
VANCOUVER — Mountain Equipment Co-op says its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC says the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,360.14, up 137.68 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 2.03 per cent, to $17.82 on 15.8 million shares. Toronto-Dominion Bank (TSX:TD). Financials. Up seven cents, or 0.11 per cent, to $63.38 on 8.48 million shares. Canadian Natural Resources... Read More

Ministers warn COVID-19 researchers anew of threat of foreign actors

Ministers warn COVID-19 researchers anew of threat of foreign actors
OTTAWA — A trio of federal cabinet ministers is warning COVID-19 researchers to take additional precautions to protect their efforts from thieves and vandals. The statement today says the federal government is concerned about “hostile actors” targeting pandemic-related research in this country and urges government scientists, academics and private-sector workers to double- and triple-check their security measures. Signed by Industry... Read More

Security company GardaWorld reveals takeover play for rival; G4S stock up 25%

Security company GardaWorld reveals takeover play for rival; G4S stock up 25%
LONDON — GardaWorld, the world’s largest privately owned security company, said Monday it was making an cash offer worth C$5.2 billion for G4S, a London-based rival that has rejected or ignored the Canadian company’s previous approaches. Montreal-based GardaWorld said Monday it decided to publicize its revised bid of 190 pence (3 billion pounds) per share to pressure G4S’s board into talks.... Read More

TikTok owner picks Oracle over Microsoft as US tech partner

TikTok owner picks Oracle over Microsoft as US tech partner
Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S. Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven Mnuchin, who told CNBC on Monday... Read More

As fires rage and storms churn, climate and U.S. campaign on collision course

As fires rage and storms churn, climate and U.S. campaign on collision course
  WASHINGTON — Climate change and presidential politics are again on a collision course in the United States. Joe Biden is taking the climate-crisis fight to Donald Trump as ferocious wildfires rage up and down the west coast of the U.S. and a barrage of tropical storms line up in the Gulf of Mexico. Biden, the Democratic nominee for president, says the... Read More

Tory leader says won’t touch Quebec secularism law, supports Bill 101 expansion

Tory leader says won’t touch Quebec secularism law, supports Bill 101 expansion
MONTREAL — Conservative Leader Erin O’Toole says Quebec’s secularism law and the independence of its legislature should be respected. The Tory leader made the comments today, following a meeting with Francois Legault in Montreal — O’Toole’s first in-person meeting with a premier since winning the leadership race in late August. O’Toole says the country is facing a national unity crisis... Read More

Security company GardaWorld reveals it’s trying to buy G4S

Security company GardaWorld reveals it’s trying to buy G4S
LONDON — GardaWorld, the world’s largest privately owned security company, said Monday it was making a 3 billion-pound ($3.9 billion) offer for G4S, saying its London-based rival has rejected or ignored three previous approaches. Montreal-based GardaWorld says it decided to publicize its bid of 190 pence a share – a 30% premium to G4S’s closing price on Friday – to... Read More

Daimler AG to pay $1.5B to settle emissions cheating probes

Daimler AG to pay $1.5B to settle emissions cheating probes
WASHINGTON — Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday. The U.S. Department of Justice, Environmental Protection Agency and the California attorney general’s office say Daimler violated environmental laws by using so-called “defeat device software” to circumvent emissions testing... Read More