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August 9, 2018 6:41 PM Nevsun rejects Lundin takeover as it seeks alternative buyer

Last month, Toronto-based Lundin formally launched a hostile takeover bid, arguing deep pockets will be required to develop its Timok copper-and-gold project in Serbia and its Bisha mine in Eritrea. Lundin has been trying to acquire the company since October. In addition to undervaluing the portfolio, Lundin’s latest bid is lower than previous transactions 11

August 7, 2018 7:11 PM Elon Musk says he may take Tesla private and shares soar

It’s highly unusual for the head of a major company make a significant announcement in such casual manner. The tweet prompted questions about how serious Musk’s intentions were. His asking price of $420 would be 22 per cent of Monday’s closing share price, and nearly 9 per cent above the stock’s all-time closing high of $385. The figure even drew some jokes 14

August 3, 2018 2:53 PM A hidden Amazon fortune: Jeff Bezos’ parents could be worth billions, a stake that could be worth $30 billion today

In 1995, Jackie and Mike Bezos plowed $245,573 into their son’s fledgling e-commerce website, according to a prospectus two years later. It was a big gamble, Mike Bezos, the stepfather of Amazon.com Inc. founder Jeff Bezos, recalled onstage during a 2015 event at the National Constitution Center in Philadelphia. “I want you to know how risky this is,” the son told his parents 13

August 1, 2018 7:37 PM Brookfield Asset Management to acquire Forest City for $11.4 billion including debt

Brookfield Asset Management Inc. has agreed to buy real-estate developer Forest City Realty Trust Inc. in an $11.4 billion deal that further fuels this year’s mergers and acquisitions boom in the commercial property sector. Toronto-based Brookfield, one of the world’s biggest commercial real estate owners, will pay $25.35 per share for Cleveland based 12

July 21, 2018 6:53 PM Biotech IPO boom comes with side effects

Upstart companies are taking advantage of this market strength, and investors are rewarding them. Kidney disease specialist Tricida, which doesn’t yet have a drug on the market, raised about $250 million in an offering earlier this month, and commands a valuation above $1 billion. Shares of Solid Biosciences, a gene therapy startup that raised about 10

July 19, 2018 6:06 PM EBay rattles investors already spooked by threat of Amazon

SEATTLE—EBay Inc. rattled investors by trimming its annual revenue forecast, signalling that the online marketplace is losing momentum as the critical holiday season approaches. Shares dropped 6.6 per cent in early trading Thursday, with investors also concerned about slow customer growth. The reduced revenue projection, on top of lacklustre sales for the second 12

June 30, 2018 2:44 AM Canadian Brooke Henderson shares Women’s PGA Championship lead

KILDEER, ILL.—Canadian Brooke Henderson was tied for the lead midway through the KPMG Women’s PGA Championship, the third major of the LPGA season. The 20-year-old from Smiths Falls, Ont. — who won the event in a playoff in 2016 and finished second last year — carded a 1-under 71 in the second round to move to 6-under 138 for the tournament for a share 12

June 28, 2018 3:33 PM Marlina the Murderer in Four Acts: Feminist western speaks softly but carries a big blade

Dubbed “the first Satay Western” when it debuted on the festival circuit last year (including a TIFF stop), Indonesian director Mouly Surya’s ironically titled third feature opens like one of the spaghetti westerns it emulates. Don’t be fooled. Marlina the Murderer in Four Acts recalls the oaters of Sergio Leone and his brethren, all right, but it upends 15

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 15

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 31