Category Archives: News

John Thornton, former Goldman Sachs president, threw out the mining rulebook when he took over Barrick Gold Corp. Dump trucks haul ore out of Barrick Gold Corp.’s Veladero gold mine in Argentina. MARCOS BRINDICCI/REUTERS 44 COMMENTS By Jacquie McNish Aug. 6, 2018 12:02 p.m. ET Mining is famously boom and bust. Money and patience are mandatory. In […]

  Peloton, the company that sells $2,000 internet-connected exercise bikes to consumers, has raised $550 million in venture capital funding at a $4.1 billion valuation, with plans to sell its bikes overseas. The company, founded in 2012, was made famous by its at-home exercise bikes that stream subscription-based fitness content live to users. Despite the […]

05-Aug-2018  Ranju Warrier, Forbes Middle East Staff Photo By: Pexels.com Saudi Arabian business tycoon Prince Alwaleed Bin Talal has announced that he has completed a $266.7 million (SAR1 billion) deal to buy newly issued shares in French music streaming service Deezer. The investment was made through Kingdom Holding Company and Rotana Group. The Saudi-based entertainment […]

  Heineken has agreed to invest HK$24.3 billion (about $3.1 billion) to take a 40% stake in the parent company of China Resources Beer, the maker of Snow lager. The pact will allow the Dutch brewer to enter the Chinese, Hong Kong and Macau markets.

 About 400 people faced foreclosure due to the glitch. Jon Fingas, @jonfingas 10h ago in Business 16Comments 677Shares Smith Collection/Gado/Getty Images Software mistakes are normally little more than inconveniences, but they had particularly serious consequences for some Wells Fargo customers. An SEC filing from the bank has revealed that a “calculation error” in its mortgage loan modification underwriting tool […]

Growers, already beset by falling prices, find the industry’s small size offers no cover from global trade tension. 57 COMMENTS By Julie Wernau and Chelsey Dulaney Aug. 5, 2018 8:00 a.m. ET Cars and steel may be grabbing all the headlines as trade tensions mount, but countries that really want to needle the U.S. are springing retaliatory […]

ReutersAugust 3, 2018 MONTREAL (Reuters) – Aimia Inc’s (Toronto:AIM.TO – News) stock surged nearly 12 percent on Friday after the Canadian company announced a new airline partnership and repeated its Thursday night demand for a higher offer from an Air Canada (Toronto:AC.TO– News)-led consortium that wants to buy its Aeroplan loyalty program. Chief Executive Jeremy Rabe said on […]

Joint venture set to explore ‘highly anticipated consumable-cannabis market’ as standalone business Sébastien St-Louis at the Hydropothecary offices: “We expect the revenue from adult-use cannabis beverage to be massive.”Postmedia file photo Geoff Zochodne August 1, 2018 5:46 PM EDT Filed under Cannabis A new partnership between Molson Coors Brewing Co. and Canadian pot producer Hydropothecary […]

Software development was a key initiative of former CEO Jeff Immelt General Electric has been selling off assets as part of its long-term turnaround effort. PHOTO: JOHN MINCHILLO/ASSOCIATED PRESS 36 COMMENTS By Dana Cimilluca, Dana Mattioli and Thomas Gryta Updated July 30, 2018 6:13 p.m. ET General Electric Co. GE 3.57% is seeking a buyer for key parts of its digital unit as […]

Company would seek to push through large price increases on Pampers diapers and Bounty paper towels Procter & Gamble is the latest big U.S. company raising prices amid a strong economy and healthy consumer spending. PHOTO: EVE EDELHEIT/ZUMA PRESS 30 COMMENTS By Sharon Terlep Updated July 31, 2018 11:37 a.m. ET Procter & Gamble Co. PG 0.85% said it was raising prices […]