CBJ News

Encana Buying Newfield for $5.5B

CBJ — Encana has signed a deal to acquire Newfield Exploration in an all-stock offer for about US$5.5 billion. As part of the deal Encana will also assume US$2.2 billion of Newfield debt. [...]

Google Workers Stage Walkout

CBJ — Some members of Google’s staff walked off the job on Thursday to protest what they say are lenient treatment of executives accused of sexual misconduct. Employees staged [...]

Yum Has Solid 3rd Quarter

CBJ — Yum Brands posted solid third-quarter revenue and profit, thanks mainly to the robust sales figures generated by KFC and Taco Bell. However, Pizza Hut posted somewhat disappointing [...]

GM Posts Strong 3rd Quarter

CBJ — General Motors posted a strong third-quarter profit of $2.5 billion, or $1.75 per share. Revenue at GM was up 6.4% to almost $36 billion. The average sale price of a vehicle in the [...]

GDP Up Due to Oil & Gas

CBJ — The national gross domestic product was up in August, thanks largely to the performance of the oil and gas sector. Figures released by Statistics Canada show real gross domestic [...]

Difficult Times for GE

CBJ — General Electric CEO Larry Culp has announced the company has cut its quarterly dividend to a penny a share and plans to restructure its power unit as an accounting probe deepens. The [...]

SaskPower and Manitoba Hydro Reach Deal

CBJ — SaskPower has made a purchase agreement with Manitoba Hudro that will see up to 215 megawatts of electricity sent into Saskatchewan starting in 2022. The new agreement is in addition [...]

SeaWorld Loses More Partners

CBJ — Air Canada and WestJet Airlines are among a growing list of companies that are opting to sever ties with SeaWorld. A bill is being created that will ban whale and dolphin captivity [...]

NHL & MGM Team Up on Gambling

CBJ — If you can’t beat ‘em, join em. What may have seemed like a long-shot not all that long ago has become a reality with news that the National Hockey League is teaming up [...]

Red Hat Shares Soar on IBM Merger

CBJ — The announcement of IBM’s $34 billion deal to buy Red Hat almost immediately drove shares almost 50% higher in the fast-growing software maker. Subsequently shares of IBM [...]

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