CBJ News

Inflation Slows to 1.4% in January

CBJ — Inflation decelerated to 1.4% in January with lower prices at the gas pumps regarded as the main reason. Figures released by Statistics Canada show year-over-year growth in consumer [...]

Husky Still Profitable — But Not As Much

CBJ — The good news for Husky Energy is that it had another profitable fourth quarter. The bad news is the profit dropped by a whopping $456 million compared with the same three month [...]

Tim Hortons — Shanghai

CBJ — From Hamilton to Shanghai, Tim Hortons has expanded its public presence from one side of the world to another. The restaurant chain announced it has opened its first location in [...]

Magna Earns $456 Million Profit

CBJ — Despite a lot of media attention recently surrounding the lawsuits between Magna International founder Frank Stronach and his daughter Belinda Stronach, the company has reported a [...]

BMW Fined for Software Error

CBJ — Prosecutors in Frankfurt, Germany have assessed BMW with a $10 million fine for poor oversight in installing defective engine software that led to excessive diesel emissions in nearly [...]

GE Sells Biopharma Unit for $21B

CBJ — In a major business transaction just announced, General Electric is selling its biopharma business to Danaher for US$21.4 billion as it continues to search for efficient methods of [...]

Barrick Considers $19B Takeover of Newmont

CBJ — Several reports indicate that Canada‚Äôs Barrick Gold is considering a hostile bid for Newmont Mining, which has headquarters in Greenwood Village, Colorado. The takeover bid would [...]

SNC-Lavalin Posts $1.6B Q4 Loss

CBJ — SNC-Lavalin Group has announced a fourth-quarter loss of $1.6 billion and as such as slashed its dividend by 65%. The Montreal-based engineering and construction company has been in [...]

Tough Times at Kraft Heinz

CBJ — Food giant Kraft Heinz is in the midst of undergoing an investigation by U.S. federal regulators and the value of its Oscar Mayer and Kraft brands is being slashed by US$15.4 billion. [...]

Wholesale Sales Up 0.3% in December

CBJ — Wholesale sales were up 0.3% in December to $63.1 billion with the gains mainly attributed to the automotive industry and several key subsectors. The December increase was a welcome [...]

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