Canada-based food manufacturing company Premium Brands has entered into agreement to acquire Montreal based C&C Packing and affiliate Premium Meat Packers for $146m, in a cash-and-share deal. The transaction, which is subject to ...
Tags: Premium Brands, C&C Packing, Aquisition, Premium Meat Packers
The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports — a potentially worrisome development that could weigh on overall economic growth. ...
Tags: Trade Deficit
Medtronic as of Monday expected to complete its $48 billion merger with Covidien—after clearing its final hurdle with the Irish High Court's sanctioning of the deal. Bloomberg dubbed the merger the biggest inversion ever, while ...
Canada-based dairy cooperative Agropur has agreed to acquire the assets of US-based cheese and dairy ingredients company Davisco Foods. As part of the acquisition, the company will acquire three Davisco cheese processing factories in ...
Tags: Agropur, Davisco Foods, Food
U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather. Manufacturers also received more orders, suggesting that production could ...
Tags: Manufacturing, factory output
The U.S. economy grew at a 2.6 percent annual rate in the October-December quarter, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years. The fourth-quarter growth rate was a bit stronger ...
Tags: U.S.economy, BMO Capital Markets
With Black Friday and Cyber Monday fast approaching, analysts say the outlook for the busiest shopping days of the year will be challenging for most retailers facing aggressive competition and still-cautious shoppers. John D. Morris, Retail ...
Darling International, a US-based provider of rendering and bakery residuals recycling solutions, is set to acquire Vion Ingredients, a division of Vion Food, for approximately EUR1.6bn. Vion Ingredients is engaged in the development and ...
Tags: Vion Ingredients, Food
Canadian smartphone maker BlackBerry has agreed to a US$4.7bn takeover bid from a consortium led by its biggest shareholder, Fairfax Financial. In a statement released today, the company has signed a letter of intent agreement under which ...
Tags: Blackberry, Consumer Electronics, smartphone
Vestar Capital Partners has signed a definitive agreement to acquire a majority interest in the Roland Foods family of companies including Bruno Scheidt, American Roland Food, Pro Warehouse, and Costamar. Terms of the deal were not ...
Production of BlackBerry smartphone devices has been cut in half after the company's CEO, Thorsten Heins, effectively put the company up for sale. Heins, who under his contract of employment stands to earn more than $50m if the company is ...
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
Head ten minutes south of LAX on the 405, exit at El Segundo and you'll blunder upon a 200,000-square-foot concrete bunker lurking among the strip malls in this seedy bit of Los Angeles County. The low-slung structure, surrounded by a black ...
US poultry producer Pilgrim's Pride has reported its third consecutive quarterly profit, with the bottom line boosted by restructuring initiatives. The company said its earnings rose to US$42.9m in the July-to-September quarter, ...
TORONTO -- Canadian retailer The Hudson's Bay Co. will return to the stock market with an initial public offering of shares planned in the next few months, according to documents filed with securities regulators. HBC was last traded on ...
Tags: furniture