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April 23, 2018 2:23 PM Canadian gaming company Stars Group buys Sky Betting for $4.7B

Canadian online-gambling company Stars Group Inc., formerly known as Amaya, says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create 10

April 20, 2018 4:08 PM Fairfax Financial in $300M bid for Toys 'R' Us Canadian operations

Auction of Toys 'R' Us Canadian operations to take place on April 23 Ahead of an auction scheduled next week for the Canadian assets of Toys "R" US, Fairfax Financial Holdings Ltd. has put in a $300-million offer. According to court documents filed April 19 with the the United States Bankruptcy Court for the eastern district of Virginia, Toys "R" Us plans 7

April 17, 2018 6:50 PM Starbucks to shut 8,000 U.S. outlets for bias training after protests

Arrests of 2 black men in Philadelphia outlet leads to protests, social media backlash Starbucks Coffee Co. says it will close its more than 8,000 company-owned outlets in the U.S. for part of a day in May to conduct "racial-bias education" for its staff in the wake of the recent arrest of two black men at one of its stores in Philadelphia. In a release 11

April 17, 2018 3:27 PM Tesla shuts down Model 3 assembly again to fix bottlenecks

Shares of Tesla Inc. traded lower Tuesday after reports that the company had shut down production of its Model 3 mass-market electric car again to solve manufacturing bottlenecks. The automaker told employees this week there would be a four- or five-day production hiatus. The company says it warned of future production pauses when it shut down the line to improve 12

April 16, 2018 8:26 PM Netflix original shows lure more new subscribers than expected

Netflix Inc.'s blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer's massive spending will fuel growth around the world. Shares of Netflix jumped more than seven per cent in after-hours trading on Monday to $330.30 US. They are up 65 per cent this year. Wall Street 14

April 13, 2018 2:30 PM Tesla will be profitable in second half of 2018: Musk

Tesla has sought to play down Wall Street speculation it will need to raise capital Tesla Inc. will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire chief executive Elon Musk said on Friday, driving shares in the electric carmaker up. Tesla has already sought this month to play down Wall Street 11

April 12, 2018 2:53 PM Sanctions-hit Russian tycoons may have lost $7.5B US

U.S. Treasury imposed sanctions on 7 Russian oligarchs, 12 companies they own or control Three Russian tycoons targeted by a new list of U.S. sanctions may have lost a combined $7.5 billion US since the list was announced, according to Reuters calculations based on price moves in the listed companies the three co-own. The U.S. Treasury on April 6 announced 8

April 12, 2018 1:12 PM Second Cup wants to convert some coffee shops into pot dispensaries

The Canadian retailer says it signed a strategic alliance with marijuana clinic operator National Access Cannabis to develop and operate a network of recreational pot stores. The Canadian retailer says it signed a strategic alliance with marijuana clinic operator National Access Cannabis (NAC) to develop and operate a network of recreational pot stores 11

April 3, 2018 6:13 PM DavidsTea Inc. turnaround plan has shareholders steaming mad

Shareholders contend that co-founder Herschel Segal cannot unilaterally reconstitute the board with handpicked nominees. MONTREAL—Some DavidsTea Inc. shareholders are pushing back against a turnaround plan and new board of directors proposed by a large shareholder group controlled by its co-founder, Herschel Segal. A joint letter to the tea chain’s board 12

March 29, 2018 9:44 PM Sports Apparel maker Under Armour says data breach affected 150 million users

The company says it began notifying users four days after it first became aware of the breach on Sunday U.S. sports apparel maker Under Armour said the personal data of about 150 million users of its food and nutrition app and website MyFitnessPal was accessed by an "unauthorized" party in late February. The company said it began been notifying users 13