Unilever drops lawsuit against “Just Mayo” maker
Unilever, maker of Hellmann’s mayonnaise, has withdrawn its lawsuit against the food startup company Hampton Creek for false advertising of its “Just Mayo” product.
In...
US Treasury selling last 11.4% stake in Ally Financial
The US Treasury has launched an offering to sell its 11.4 percent remaining stake in the Detroit-based auto lender Ally Financial Inc.
Ally Financial, the...
Barrick suspends Zambian copper mine after royalties more than tripled
Following the Zambian government’s new legislation hiking the royalty rate on open pit mining operations from 6% to 20%, Barrick Gold Corporation said on...
Regina leak disrupts oil supplies to US Midwest
Enbridge Inc. said it had to shut down and isolate a pipeline at the Regina Terminal in Saskatchewan after a leak from the line...
Saputo sells bakery division to Grupo Bimbo for $120 million
Montreal-based dairy company Saputo Inc. says it has agreed with Grupo Bimbo SAB de CV to sell its bakery unit Saputo Bakery Inc. for...
Canadian wholesale trade up in dollar terms but down in volume
Canadian wholesale trade went up and down in October. In dollar terms it was 0.1% higher compared to September, reaching a record high, but...
Couche-Tard and The Pantry agree on acquisition deal
Alimentation Couche-Tard Inc. and The Pantry Inc. announced on Thursday they have reached a definitive merger agreement under which Couche-Tard will buy The Pantry...
Switzerland imposes negative interest rate on sight deposits
The Swiss National Bank has imposed a negative rate of -0.25% on "sight deposits" with over 10 million Swiss francs ($10.22 million). A sight...
UK oil industry is on verge of collapse, says industry leader
Chairman of Brindex, the UK’s independent explorers’ association, Robin Allan, says the UK oil industry is “close to collapse.” In an interview with the...
UK retail sales posted 10-year record growth in November
UK retail sales in November grew by 6.4% year-on-year, the highest increase in the quantity bought since May 2004, the Office for National Statistics...