Category : Corporate News


Transat reports $12.5M Q4 loss after year-ago profit

Air Transat parent company Transat A.T. reported a $12.5 million loss in its fourth quarter, a sharp reversal from a $41.2 million profit a year earlier. The results highlight ongoing challenges in the aviation sector.

Accenture Beats Q1 Revenue Estimates on AI Demand

Accenture exceeded Wall Street's first-quarter revenue expectations, driven by robust demand for its AI-powered IT services. The company is advancing its strategy to capture greater market share.

Diageo sells Kenya unit to Asahi in strategic deal

Global spirits giant Diageo has agreed to sell its Kenyan drinks subsidiary to Japan's Asahi Group. This strategic move reshapes Diageo's African portfolio. Read the full details of the deal announced in December 2025.

General Mills Beats Quarterly Sales Estimates

General Mills reports stronger-than-expected quarterly sales, demonstrating resilience in the consumer goods market. Read the full analysis of their performance and market outlook.

Warner Bros. Backs Netflix Bid Over Paramount Takeover

Warner Bros. advises shareholders to choose Netflix's $72 billion acquisition over a hostile bid from Paramount Skydance. The deal could reshape Hollywood's streaming and media landscape. Learn the details and potential impacts.

Warner Bros. Discovery Rejects Paramount Bid

The board of Warner Bros. Discovery has formally rejected an unsolicited takeover bid from rival Paramount Global. The decision, announced on December 17, 2025, leaves the media giant's current strategic path intact.

ServiceX Sues Startup Over 'Twitter' Brand Bid

ServiceX Corp files a lawsuit against a social media startup attempting to claim the 'Twitter' brand. Get the latest details on this major intellectual property dispute.

BRP appoints Denis Le Vot as new CEO

Canadian powersports giant BRP Inc. has appointed automotive veteran Denis Le Vot as its new CEO, effective February 2025. The move, praised by analysts, brings deep international and automotive experience to the Ski-Doo and Sea-Doo maker.

Kraft Heinz CEO Replaced Ahead of 2026 Company Split

Kraft Heinz names former Kellanova CEO Steve Cahillane as its new leader, replacing Carlos Abrams-Rivera effective January 1. The move comes as the food giant prepares to split into two separate public companies in late 2026.

AIMCo names Ray Gilmour as permanent CEO

Former senior bureaucrat Ray Gilmour has been confirmed as the permanent Chief Executive of Alberta Investment Management Corp. (AIMCo) after serving as interim CEO since a major board and management shakeup in late 2024.

AIMCo names Ray Gilmour permanent CEO

Former senior Alberta bureaucrat Ray Gilmour has been confirmed as the permanent CEO of the Alberta Investment Management Corp. (AIMCo), following a major governance shakeup in late 2024. Learn about his background and the fund's path forward.

Ray Gilmour Named CEO of Alberta Investment Manager

The Alberta Investment Management Corporation board has announced the appointment of Ray Gilmour as its new CEO. Discover the leadership change at one of Canada's largest institutional investors.

BRP names former Renault exec Denis Le Vot as new CEO

BRP has appointed Denis Le Vot, a former Renault Group executive, as its next Chief Executive Officer. The leadership change marks a strategic shift for the Quebec-based recreational vehicle manufacturer.

WSP to buy U.S. engineering firm TRC for $3.3B

Montreal's WSP Global Inc. strikes a US$3.3 billion deal to acquire TRC Companies, backed by Caisse de dépôt. The move will make WSP the largest engineering and design firm in the United States.

Kraft Heinz names Steve Cahillane as new CEO

Packaged food giant Kraft Heinz has named industry veteran Steve Cahillane as its new Chief Executive Officer, a strategic move announced just before the company's planned split into two independent public entities. Discover the implications for the Canad

HOPSCOTCH Opens Swiss Agency in Geneva

French communications giant HOPSCOTCH announces the launch of a new integrated agency in Geneva, Switzerland, marking a key step in its global expansion strategy. Learn about the leadership and vision.

WSP Global to Buy TRC Companies for $4.5B

Montreal's WSP Global expands its U.S. footprint with a major acquisition of engineering firm TRC Companies. The deal, valued at $4.5 billion, is set to close in 2026.

NYC to Get First Las Vegas-Style Casinos in 2025

New York City is set to welcome its first three Las Vegas-style casinos, with major proposals like Hard Rock's Queens complex. This marks a historic shift in the city's entertainment and economic landscape.

Key Facts About Canada's Grocery Code of Conduct

A new grocery code of conduct aims to bring fairness to Canada's food supply chain. Learn what it means for suppliers, retailers, and your wallet. Stay informed on this critical business shift.

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