Sobeys store closures will stretch until fall, says company document
TORONTO - Sobeys says plans to close about 50 underperforming grocery stores across the country have already begun, and is expected to stretch until late this year.An internal document obtained Friday...
View ArticleQuickList: Sobeys, Foodland, IGA, Safeway store closures across Canada
Sobeys, which is owned by parent company Empire Co. (TSX:EMP.A), announced Thursday that it will closing about 50 underperforming grocery stores across the country.A company document obtained by The...
View ArticleCrude oil prices edge lower in New York; Brent slightly higher in London
The price of oil held steady Friday on a quiet day for energy markets.Benchmark West Texas Intermediate crude for August delivery edged 10 cents lower to close at US$105.74 a barrel on the New York...
View ArticleAs gay marriage bans fall, corporate America's sponsorship for gay pride...
SALT LAKE CITY - In between muscular men in speedos gyrating to thumping dance music and drag queens decked out in formal gowns, Salt Lake City's gay pride parade also featured a few, more conventional...
View ArticleRollin King, businessman who had the idea for Southwest Airlines, dies at 83
DALLAS - Rollin King, a San Antonio businessman who helped start Southwest Airlines Co. and create a new age of competition in the airline industry, has died at 83.King died Thursday in Dallas of the...
View ArticleTelus Ditches Taxi, Ad Agency Behind Baby Animals Campaign
UPDATE: Telus says the cancellation of its long-running contract with ad agency Taxi does not mean those cute little animals in Telus ads will disappear. “The Telus critters and nature platform has...
View Article'Buy American' Bill Resurrects Canadian Fears Over Protectionism
WASHINGTON - Buy American provisions are back, and the Canadian government is sounding off in frustration.Canada staged an intervention this week over new allegations of U.S. protectionism, with...
View ArticleUkraine signs trade deal with EU over Moscow's objections; Russia fends off...
BRUSSELS - Over Russia's objections, Ukraine's new president on Friday signed a free-trade deal binding his country more closely to Western Europe, sealing the very agreement that triggered the...
View ArticleCanadian Brands We Miss The Most
Canadian retailers — and therefore Canadian brands — are in trouble. Faced with intense competition from the globalization of retail and the shift to online shopping, chains like Bata, Jacob and...
View ArticlePick-and-Pay Cable Would Mean Changes To Local TV Funding, Say Bell, Rogers
Two of Canada's biggest telecommunications companies, Bell and Rogers, are clashing over the future of local television and who should pay for it. In its submissions to the CRTC, Bell said it believes...
View ArticleCruise ship leaves Seattle after return following boiler room fire; company...
SEATTLE - A cruise ship that returned to Seattle after a fire in its boiler room left the port again on Sunday morning.Holland America says no one was injured in the fire and the Coast Guard has...
View ArticleCanada Job Grant Won't Be In Place July 1 In Most Provinces
Most if not all of the provinces and territories will fail to deliver the federal government's controversial Canada Job Grant in time for Canada Day, despite a three-month extension given to them to...
View ArticleStock markets opt for caution ahead of U.S. economic data, corporate earnings
The Toronto stock market will likely start the week off little changed as traders look for reassurance that the American economy's sharp first-quarter contraction was a blip due to severe weather and...
View ArticleStephen Harper's Free Trade Record Could Fall Short Of High Expectations
OTTAWA - The Harper government's vaunted free trade agenda is either a roaring success or hopelessly stalled — and given that government officials aren't commenting, even experts in the field are...
View ArticleSale of Clippers to hinge on technicalities of trust law not Sterling's...
LOS ANGELES, Calif. - The $2 billion sale of the Los Angeles Clippers will hinge on the technicalities of family trust law and whether Donald Sterling's estranged wife had the right to unilaterally...
View ArticleTim Hortons Prepares To Launch Credit Card Partnership With CIBC
TORONTO - With the press of a button, Tim Hortons (TSX:THI) is hoping Canadians will warm to a new credit card partnership.The coffee and doughnut chain has joined CIBC (TSX:CM) for the "Double Double...
View ArticleRoyal Canadian Mint To Create Big Collectors' Coin
OTTAWA - Having dumped the lowly penny, the Royal Canadian Mint is planning to create two high-value coins that won't appear in any change handed out at the local Tim Hortons.A recent cabinet order...
View ArticleUS auto sales at fastest pace in 8 years in June; GM, Toyota and Nissan all...
DETROIT - U.S. auto sales grew at the fastest pace in eight years in June, surprising the industry and setting it up for a strong second half of the year.Sales rose 1.2 per cent over last June to 1.4...
View ArticleSpam maker Hormel bulks up by buying Muscle Milk maker CytoSport for $450M
NEW YORK, N.Y. - The maker of Spam is bulking up on its protein with Muscle Milk.Hormel Foods is paying $450 million to acquire CytoSport, which owns Muscle Milk sports nutrition drinks, bars and...
View ArticleUS construction spending edges up 0.1 per cent in May despite decline in home...
WASHINGTON - U.S. construction spending barely increased in May as gains in spending on non-residential projects such as office buildings and public construction were largely offset by a big drop in...
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