CBJ News

Amazon Acquires Ring for $1 Billion

CBJ — Amazon.com is buying video doorbell manufacturer Ring for more than $1 billion. The world’s largest online retailer believes that selling internet-connected gadgets from Kindle [...]

Federal Deficit Projected at $18.1 Billion

CBJ — The federal budget tabled by Finance Minister Bill Morneau comes in with a projected deficit of $18.1 billion with gender equality and the number of women in the workforce being made [...]

General Mills Buys Blue Buffalo for $8B

CBJ — General Mills is acquiring Blue Buffalo Pet Products for $8 billion U.S. The move is an attempt by General Mills to tap into the growing demand for natural pet food and offset falling [...]

Auto Sales Expected to Decline: Scotiabank Report

CBJ — According to a report by Scotiabank, sales of cars and light trucks are expected to dip this year from last year’s all-time high, mostly because of weaker economic conditions in [...]

Weinstein Co. Heading to Bankruptcy

CBJ — The company co-founded by disgraced movie mogul Harvey Weinstein in 2005 is heading for bankruptcy. The Weinstein Co.’s board of directors made the decision after last-ditch [...]

Boeing Still in Running to Build Canadian Fighter Jets Despite Trade Dispute

CBJ — Boeing has been approved to participate in an upcoming competition to replace Canada’s CF-18s, though the U.S. aerospace giant says it still hasn’t decided whether it will [...]

Uber Implementing New Safety Feature

CBJ — Uber drivers in Canada trying to work for more than 12 hours straight will soon be forced to take a six-hour break before they can take the vehicle out on the road again. The new [...]

Ford NA President Ousted

CBJ — Ford’s President for North America has been let go due to an internal investigation that revealed behaviour that was deemed to be inconsistent with the company’s code of [...]

Aecon Sale to Chinese Now Facing a Review

CBJ — The $1.5-billion takeover of Canadian construction company Aecon Group Inc. by a division of a Chinese state-owned company has been pushed back, because the federal government is [...]

Oil Supply May Outpace Demand

CBJ — The International Energy Agency says the notable increase the world’s oil production will quite likely to outpace growth in demand this year. Oil demand growth in 2018 is [...]

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