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June 21, 2018 2:29 PM Intel CEO resigns after company learns of consensual relationship with employee

John Lasseter, co-founder of Pixar Animation Studios and Walt Disney’s animation chief, also recently said he was resigning over what he called “missteps” with employees. The abrupt departure of Krzanich, who has been the Intel’s top executive since 2013, overshadowed otherwise positive news for the $246-billion (U.S.) tech company. Intel said Thursday 8

June 20, 2018 5:41 PM The Mouse chases the Fox: Disney makes $71B US counteroffer for Twenty-First Century Fox

Entertainment and telecom firms bulking up to compete with tech firms, such as Amazon, Netflix Disney is offering more than $71 billion US for Fox's entertainment businesses in a counterbid to Comcast's nearly $66 billion US offer . The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. They are amassing 10

June 18, 2018 6:16 PM Baytex Energy and Raging River Exploration sign $2.8 billion merger deal

Baytex Energy Corp. and Raging River Exploration Inc. have signed a $2.8-billion deal to merge in a bid to boost the companies’ East Duvernay Shale operations in Alberta. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets 8

June 15, 2018 12:44 PM Canada Goose shares up after better-than-expects results, plans three new stores

Luxury parka maker reports fourth-quarter profit of $8.1 million or seven cents per share Shares of Canada Goose Holdings Inc. soared nearly 20 per cent in early trading after it reported stronger-than-expected earnings and announced plans for three new stores in North America. Canada Goose shares were up $11.56 or 19.27 per cent at $71.55 in trading 21

June 12, 2018 9:38 PM AT&T wins court approval to buy Time Warner over Trump opposition

Deal is seen as turning point for industry upended by companies like Netflix AT&T won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion US, dealing a blow to U.S. President Donald Trump's administration which tried to block the deal and likely setting off a wave of corporate mergers. The planned deal, approved without conditions 26

June 11, 2018 3:05 PM Chinese company CITIC Metal to become biggest shareholder in Ivanhoe Mines

A Chinese company has signed a deal to acquire a 19.9 per cent stake in Ivanhoe Mines Ltd. for $723 million that the miner plans to use to fund the development of its projects in southern Africa. CITIC Metal Co. Ltd., a wholly owned subsidiary of Chinese state-run conglomerate CITIC Ltd., has agreed to acquire 196.6 million shares at a price of $3.68 per share 18

June 8, 2018 4:54 PM Sprinting is a family affair for Pickering track stars Zion and Selah Brookes

It’s a bit cool for sprint practice on a June night at St. Mary’s High School in Pickering, but Zion and Selah Brookes don’t show it. Zion, 16, is zeroed in on preparing for this weekend’s Ontario high school track and field championships at York University, where he’ll be ranked second in the 100 metres and 4x100-metre relay, and third in the 200. In fact, he’s rated 7

June 8, 2018 3:43 PM Toronto stock index down as shares of cannabis producers decline

Canada’s main stock index is down moderately, with shares of two cannabis producers among the biggest losers. The Toronto Stock Exchange’s S&P/TSX composite index was down 38.56 points to 16,154.22, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 5.69 points to 25,235.72. The S&P 500 index was down 2.32 points to 2,768.05 and the Nasdaq 8

June 1, 2018 3:33 PM Laurentian Bank beats expectations in second-quarter profit, raises dividend

MONTREAL—Laurentian Bank Financial Group raised its quarterly dividend as its second-quarter profit beat expectations. The bank said Friday it will now pay a quarterly dividend of 64 cents per share, up a penny from its previous rate. The increase came as Laurentian said it earned $55.9 million attributable to common shareholders or $1.34 per share for the quarter 11

May 28, 2018 5:17 PM Tencent-backed electric car startup NIO files for IPO, sources say

NIO plans to take investor orders for the offering as soon as this summer or early autumn, the people said. Selling shares could give NIO more firepower as it competes with dozens of other electric-vehicle startups in the world’s biggest automobile market. The company, founded by William Li and a group of other internet entrepreneurs, started selling 16