Edition:
United States

Bhaswati Mukhopadhyay

Tim Hortons acts on investor pressures, CEO calls for new strategy

Aug 08 2013

Tim Hortons Inc , the Canadian coffee and doughnut chain under shareholder pressure to boost returns, said on Thursday it was expanding its buyback plan by C$900 million ($863.4 million) and its new CEO called the challenging environment the "new reality."

Tim Hortons responds to pressure with C$900 mln buyback plan

Aug 08 2013

Tim Hortons Inc , the Canadian coffee and doughnut chain that has been facing pressure by shareholders, said on Thursday it was expanding its share buyback plan by C$900 million ($863.4 million) as it cut its growth forecast even though quarterly profit topped estimates.

Profit growth returns as Celestica shrugs off BlackBerry loss

Jul 26 2013

Contract electronics manufacturer Celestica Inc posted its first rise in profit in five quarters, sending its stock up the most in two years and allying concerns about its growth after it ended a contract with BlackBerry Ltd.

Loblaw to buy Shoppers in C$12.4 billion bid to defend turf

Jul 15 2013

Loblaw Cos Ltd , Canada's largest food retailer, announced a C$12.4 billion deal on Monday to buy Shoppers Drug Mart Corp , the country's biggest pharmacy chain, to bulk up against intensifying competition.

Loblaw to buy Shoppers in C$12.4 billion bid to defend turf

Jul 15 2013

Loblaw Cos Ltd , Canada's largest food retailer, announced a C$12.4 billion ($11.9 billion) deal on Monday to buy Shoppers Drug Mart Corp , the country's biggest pharmacy chain, to bulk up against intensifying competition.

Loblaw to buy Shoppers in £7.9 billion bid to defend Canadian turf

Jul 15 2013

Loblaw Cos Ltd , Canada's largest food retailer, will buy Shoppers Drug Mart Corp , the country's biggest pharmacy chain, for C$12.4 billion (7.9 billion pounds) to bulk up against intensifying competition from U.S. retail giants as well as from consolidating local rivals.

Loblaw to buy Shoppers Drug Mart for C$12.4 billion

Jul 15 2013

Loblaw Cos Ltd , Canada's largest food retailer, will buy Shoppers Drug Mart Corp for C$12.4 billion ($11.9 billion), as it faces increasing competition from Target Corp and Wal-Mart Stores Inc .

Kyrgyzstan sets state of emergency to protect Centerra mine

May 31 2013

BISHKEK/BANGALORE Kyrgyzstan imposed a state of emergency on a northern district on Friday to protect Centerra Gold's Kumtor mine from protesters but more unrest against the Canadian investor flared up in the country's south.

Bombardier says CSeries on track; revenue jumps

May 09 2013

Bombardier Inc said its CSeries jetliner was on track to make its first flight in June, and the world's No. 4 commercial aircraft maker reported a 25 percent jump in first-quarter revenue on robust growth at its aerospace unit.

Enbridge concedes pipeline expansion plans may face opposition

May 08 2013

Enbridge Inc , Canada's largest pipeline company, said on Wednesday it is still hoping for speedy regulatory approval for a planned expansion of an oil pipeline to the United States despite the prolonged delays faced by the rival Keystone XL line.

World News