Business

Europe’s Airbus to buy majority stake in Bombardier CSeries program

European aircraft giant Airbus Group is buying a majority stake in Bombardier’s CSeries program. The two aircraft manufacturers announced the partnership Monday evening, weeks after the United States announced 300 per cent preliminary duties on exports of the aircraft following a complaint from Airbus rival Boeing. The partnership is expected to result in significant CSeries production cost savings by leveraging Airbus’s ...

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Securities regulator sets out rules for Canadian marijuana stocks with U.S. interests

The Canadian Securities Administrators set out “specific disclosure expectations” for marijuana industry firms with investments in the U.S., offering much-anticipated clarity for companies that operate on both sides of the border. The umbrella organization for Canada’s provincial and territorial securities regulators put out a staff notice, saying that cannabis companies must tell investors about certain risks when they invest south ...

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Loblaw to lay off 500 office staff in drive to cut costs

Loblaw Companies Ltd. has begun laying off 500 people from offices across the country, even as the company says it plans to add jobs later this year. “As part of a broad cost-control effort we have begun eliminating corporate office roles, including various executives, members of management and colleagues at all levels,” spokesman Kevin Groh said in a statement, adding that ...

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Netflix adds 4.45 million subscribers, more than expected

New Thomson Reuters Posted: Oct 16, 2017 4:28 PM ET Last Updated: Oct 16, 2017 4:28 PM ET Related Stories Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of Narcos helped attract more viewers. The company added 4.45 million subscribers in its international markets in the quarter ended ...

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Netflix adds 5.3 million subscribers and a heavy debt load

Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world’s biggest video subscription service. The big burden that Netflix is shouldering hasn’t been a major concern on Wall Street so far, as CEO Reed Hastings’ strategy has been paying off. The billions of ...

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Business sentiment still positive, but less than it was in the summer, Bank of Canada survey finds

The Bank of Canada says business sentiment is showing signs of tapering off following the stronger expectations companies held about the future three months ago. However, the central bank says its quarterly survey of companies still suggests firms’ outlooks remain healthy — particularly when it comes to prospects for future sales, foreign demand and hiring intentions. The bank says its ...

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Luftansa makes offer to buy bankrupt Alitalia

German carrier Lufthansa on Monday said it had prepared an offer to buy the global, European and domestic business of Italy’s bankrupt carrier Alitalia. A successful bid would add Italian assets to those Lufthansa is already picking up from Air Berlin, which went bust this summer. Lufthansa did not provide detailed information, including how much the bid is worth and ...

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Sears Canada warranties won’t be honoured after Wednesday, but gift cards live on during liquidation sales

Sears Canada announced Monday that extended warranties won’t be honoured as of Wednesday, Oct. 18, a day before all 131 of the chain’s stores in Canada begin liquidation sales. “After October 18, Sears will no longer be in a position to honour Sears Protection Agreements to customers,” the chain said in a release, adding that most of the products its sells are backed by ...

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Weinstein Co. turns to Colony Capital for cash in wake of scandal

Film production company the Weinstein Co. is in talks about selling itself after co-founder Harvey Weinstein became mired in a scandal over allegations of sexual harassment and sexual assault. The company said Monday that it will receive an immediate cash infusion from Colony Capital, which may buy all or part of the company. Harvey Weinstein was fired by the company ...

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Auto workers at General Motors voting to end strike

New A ratification vote is being held in London Monday which could end the month-long strike at the CAMI plant CBC News Posted: Oct 16, 2017 9:19 AM ET Last Updated: Oct 16, 2017 9:19 AM ET London Weather Tuesday Mainly sunny 18°C Wednesday Sunny 19°C Thursday A mix of sun and cloud 19°C Friday Sunny 20°C Saturday A mix ...

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