Markets
Businessman Jim Pattison makes bid to take Canfor private
Great Pacific said it would be willing to acquire all outstanding common shares of Canfor (excluding those already directly or indirectly owned by Great Pacific ) at a price of $160 per common share. analyst Paul Quinn. Some other lumber and pulp companies in the region rallied on the news. British Columbia production has been facing headwinds this year following record high prices in 2018... [Full Article...]
CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada
Canntrust said that Health Canada has not provided it with any guidance around "the timing or content of its decisions concerning the Company". After the market closed on Friday , CannTrust Holdings Inc . Health Canada halted the sale of products from the company's facility in Pelham, Ont., near Niagara Falls, last month after it was revealed that the company was growing cannabis in five ... [Full Article...]
CannTrust Ontario facility gets non-compliant rating from Health Canada
North American markets started another week in the hole on persistent concerns about a trade war between the USA and China and lower yield curves. The wild ride for CannTrust Holdings Inc . Markets Insider is looking for a panel of millennial investors. This latest development is just the latest in a string of bad news for CannTrust . [Full Article...]
Air Canada raises Transat purchase offer to C$720 mln
The increased bid is "highly likely" to receive shareholder approval, Altacorp Capital analyst Chris Murray noted to clients Monday. "Air Canada has locked up the main shareholders, and it looks like Groupe Mach's attempt has been put to bed". [Full Article...]
Nike Adventure Club Release Info
Perhaps more importantly for Nike , its kids' sneaker club allows the company to test out the subscription market and potentially apply it to its adult shoppers. Bottom line: The program serves kids from sizes 4C through 7Y (roughly from age two to 10). The guides are a collaborative partnership between Nike and KaBoom, a national nonprofit focused on encouraging kids to lead active, healthy... [Full Article...]
Goldman Sachs: US-China trade war could lead to recession
On Friday, Trump said that Washington was continuing trade talks with Beijing, but that the US was not going to make a deal for now, remarks which helped to drive a late sell-off in a volatile session that saw the Dow Jones Industrial Average fall 0.34 per cent, the S&P 500 lose 0.66 per cent and the Nasdaq Composite drop 1 per cent. [Full Article...]
Verizon selling Tumblr to Automattic, the owner of WordPress.com
Personal blogging social network Tumblr - a waning haven for artists and fandoms - will exit the portfolio of current owners Verizon and be parted off to Automattic Inc., owners of Wordpress , another blogging platform with social elements, according to the Wall Street Journal . [Full Article...]
Dow Plunges As Wall Street Reacts To Trade Doubt, US Economy Concerns
Bank of America Corp, Citigroup Inc, Goldman Sachs and Morgan Stanley fell almost 1.2% each in premarket trading, as lower bond yields hit shares of interest-rate sensitive lenders. China retail sales, industrial production and the jobless rate to be released on Wednesday. Thursday sees the release of USA jobless claims, industrial production and retail sales data. [Full Article...]