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1-10 results from 1000 for query «billion»

July 13, 2018 10:29 PM Netflix subscriber growth faces new test after $46-billion rally

Netflix Inc. will get a chance Monday to validate the more than US$40 billion added to its market value since the company’s blowout earnings report in April. The main question hanging over Netflix’s second-quarter results — much like the first — is whether the company can add enough streaming subscribers to satisfy investors, whose bullish bets have made the stock 8

July 12, 2018 6:03 PM Comcast boosts Sky bid to $34 billion, topping Murdoch’s offer

Comcast Corp. increased its takeover bid for Sky Plc to $34 billion US, topping an offer from Rupert Murdoch’s 21st Century Fox Inc. and escalating a global standoff between the media giants. Comcast, the largest U.S. cable company, is now offering 14.75 pounds a share for Sky, valuing Britain’s top pay-TV provider at 26 billion pounds, according to a statement 8

July 12, 2018 5:41 PM Michelin to acquire farm-tire maker Camso for $1.45 billion

Michelin agreed to buy Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles, for $1.45 billion (all figures US) as the French tiremaker bolsters its specialty-equipment business. The two companies’ off-road operations will be combined and run from Camso’s headquarters in Magog, Que., Michelin said in a statement Thursday. Closely 8

July 11, 2018 6:03 PM Why you can’t buy that Harry Kane World Cup jersey

The advance of three unfancied teams (Croatia, Belgium and England) to the World Cup semifinals has offered up its own test to the sportswear giants Nike Inc. and Adidas AG: How they’re coping with the shift to fast fashion. Both companies face increasing competition from upstarts who aim to cut the time it takes to conceive, design and manufacture sportswear 9

July 5, 2018 2:38 PM Puerto Rico to sue U.S. federal control board over budget differences

SAN JUAN, PUERTO RICO—Puerto Rico’s governor announced Thursday that his administration will sue a federal control board to resolve a disagreement over two competing budgets that aim to pull the U.S. territory out of an 11-year recession. Gov. Ricardo Rossello said he is seeking an injunction to stop the board from imposing an $8.76-billion budget that contains 74

July 4, 2018 7:37 PM Ottawa reconsidering $420 million in funding for Ontario over its cancellation of cap and trade

Newly elected Ontario Premier Doug Ford has rescinded the previous Liberal government’s regulation that established the cap and trade program in 2017. That has prompted Canada to immediately hit the brakes on Ontario’s portion of the $1.4-billion climate change fund. In April, McKenna and former Ontario premier Kathleen Wynne signed a plan to provide 62

July 3, 2018 12:37 AM International Olympic Committee commits $925 million to 2026 host city as Calgary mulls bid

A Calgary Bid Exploration Committee estimated the cost of Calgary hosting the 2026 Winter Games at $4.6 billion with games revenues covering almost half the cost. That figure is under review, however. The price tag of the 2010 Winter Games in Vancouver and Whistler, B.C., was about $7.7 billion. The deadline to bid for the 2026 Games is January and the host city will be announced 10

June 28, 2018 9:51 PM Canadian boxers Vargas, Cook line up big paydays in the U.K

Earlier this month U.K.-based boxing power broker Eddie Hearn emailed local promoter Tyler Buxton hoping to set up a fight, and in less than two hours they had finalized a deal. On July 28 in London, English star Kell Brook will face Ajax native Brandon Cook for the right to fight for a world title. Hearn had a similarly-smooth negotiation with Toronto 14

June 28, 2018 9:10 PM Union urges consumers to #BuyCanadian as trade war with U.S. heats up

A consumer boycott of American-made products and services is gathering steam as Canada counts down to this weekend’s imposition of retaliatory tariffs on $16.6 billion worth of American products. Popular hashtags on social media include #BuyCanadian and #BoycottUSA, as consumers express their dislike of U.S. President Donald Trump’s imposition of tariffs 14

June 28, 2018 6:38 PM Toys ‘R’ Us is closing its last U.S. stores

NEW YORK—Toys “R” Us is closing its last U.S. stores by Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly coloured logo and Geoffrey the giraffe mascot. But many of the children who happily sang the “I don’t wanna grow up, I’m a Toys ‘R’ Us kid” jingle grew into busy parents who found shopping 14