CBJ News

Debt-to-Income Ratio Improves

CBJ — The debt-to-income ratio improved for working Canadians in the latest quarter but they still owe $1.77 for every $1 they make. It was the third consecutive quarterly decline, as [...]

HKE Wants to Buy LSE

CBJ — Hong Kong’s exchange has not given up hopes on taking over the London Stock Exchange, despite a rejection of its $39 billion takeover offer. The Hong Kong exchange plans to have [...]

UAW Official Charged with Corruption

CBJ — A United Autoworkers Union director from Missouri has been charged with corruption in connection with an alleged scheme to embezzle union money and spend cash on alcohol, golf clubs, [...]

Purdue Pharma and Governments Agree on $12 Billion Deal

CBJ — OxyContin maker Purdue Pharma has reached a tentative $12 billion deal with more than 20 U.S. states and thousands of local governments over its role in America’s deadly opioid [...]

Oracle Misses Revenue Target

CBJ — Oracle made two major announcements — the company missed revenue targets for the first quarter and chief executive Mark Hurd is taking a medical leave. Hurd is one of Oracle’s [...]

GM Recalls 3.8 Million Vehicles

CBJ — General Motors is recalling 3.8 million pickup trucks and SUVs in the U.S and Canada to fix a brake problem. There have been 113 reports of crashes and 13 injuries related to the [...]

AT&T Urged to Focus on Core Biz

CBJ — Activist investor Elliott Management unveiled a $3.2 billion stake in AT&T and wasted no time in urging the giant U.S. telecommunications and media conglomerate to end its [...]

Shopify Buying 6 River Systems

CBJ — Shopify plans to acquire fulfilment solutions company 6 River Systems in a US$450 million cash and share deal. Shopify is looking to push further into the warehousing and shipping [...]

Ram Pickup Recall

CBJ — About 875,000 Ram pickup trucks worldwide are being recalled to fix tailgates that can open while the trucks are being driven. The recall includes certain Ram 1500, 2500 and 3500 [...]

Nissan CEO Resigning

CBJ — In the wake of unrelenting pressure Nissan CEO Hiroto Saikawa will resign his position on September 16. Saikawa has faced intense criticism after admitting that he was being [...]

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