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Fiat Chrysler calls GM's bribery allegations 'preposterous'
DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday.
Aug 10, 2020 2:22 PM
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McDonald's sues ousted CEO, alleging employee relationships
McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence.
Aug 10, 2020 12:54 PM
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Canadian Natural to take over Painted Pony Energy in $461-million deal
CALGARY — Canadian Natural Resources Ltd. has struck a $461-million deal to buy Painted Pony Energy Ltd. as it looks to grow its position in the liquids-rich Montney natural gas region of northeastern B.C.
Aug 10, 2020 12:39 PM
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Alstom says Bombardier rail problems may affect terms of deal as talks continue
MONTREAL — French rail giant Alstom SA is warning that problems at Bombardier's train division may affect negotiations to buy it, but says it still plans to go ahead with the takeover deal.
Aug 10, 2020 10:53 AM
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Sidewalk Labs Toronto office up for lease after layoffs, abandoning smart city
TORONTO — Sidewalk Labs' Toronto office space is available for lease months after the company walked away from building a tech-savvy neighbourhood in the city.
Aug 10, 2020 10:32 AM
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US employers post more jobs in June, pull back on hiring
WASHINGTON — U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job market. The number of jobs posted on the last day in June jumped 9.6% to 5.
Aug 10, 2020 9:48 AM
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Canopy reports decline in recreational pot sales
SMITH FALLS, Ont. — Canopy Growth Corp. says a decline in recreational cannabis sales during the COVID-19 pandemic contributed to a rocky quarter. The Smiths Falls, Ont.
Aug 10, 2020 9:47 AM
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Ensign Energy Q2 revenue drops 48 per cent, Canada's share of revenue plunges
CALGARY — Ensign Energy Services Inc. reported a $17.1-million net loss in its second quarter, as revenue fell by nearly half compared with the same time last year.
Aug 10, 2020 8:24 AM
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Hong Kong newspaper raided, tycoon detained under new law
Hong Kong authorities broadened their enforcement of a new national security law on Monday, arresting media tycoon Jimmy Lai, searching the headquarters of his Next Digital group and carting away boxes of what they said was evidence.
Aug 10, 2020 8:14 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Grocery bill One of Canada's largest grocers will report its latest quarterly results Wednesday. Metro Inc., as well as competitors Loblaw Companies Ltd.
Aug 9, 2020 8:00 AM
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