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National Business
National Business
No checkout needed: Amazon opens cashier-less grocery store
NEW YORK — Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets.
Feb 25, 2020 1:29 PM
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Rewards company Aimia reports operating loss ahead of board overhaul
MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.
Feb 25, 2020 1:18 PM
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Ontario Teachers' Pension Plan signs US$300M investment deal with New Gold
TORONTO — Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.
Feb 25, 2020 1:12 PM
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Strong fourth quarter for Macy's heading to transition year
NEW YORK — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring.
Feb 25, 2020 11:57 AM
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George Weston Ltd. reports fourth-quarter profit up from year-ago mark
TORONTO — George Weston Ltd.
Feb 25, 2020 11:22 AM
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Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts
TORONTO — Bank of Nova Scotia is optimistic its international ventures are headed for success after a recent overhaul saw it slash and simplify its overseas operations.
Feb 25, 2020 11:13 AM
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BMO Financial Group reports $1.59B first-quarter profit, tops expectations
TORONTO — BMO Financial Group beat expectations and reported a first-quarter profit of $1.59 billion as the bank worked to expand its footprint south of the border. The Toronto-based bank said its profit for the quarter ended Jan. 31 was up from $1.
Feb 25, 2020 10:55 AM
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Mondelez buys majority stake in Canadian maker of two-bite brownies Give & Go
TORONTO — Mondelez International says it has signed a deal to buy a significant majority interest in Toronto-based Give & Go Prepared Foods Corp., maker of baked goods such as two-bite brownies.
Feb 25, 2020 10:02 AM
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Drugmaker Mallinckrodt reaches $1.6B opioid settlement
The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday.
Feb 25, 2020 9:53 AM
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Thomson Reuters names Steve Hasker new CEO, tops Q4 expectations, raises dividend
TORONTO — Thomson Reuters says Steve Hasker has been appointed as the company's next president and chief executive. He will replace Jim Smith, who will become chairman of the Thomson Reuters Foundation.
Feb 25, 2020 7:42 AM
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