Category : Corporate News


Berkshire CEO Abel to Use All Pay for Stock Purchases

Berkshire Hathaway CEO Greg Abel commits to using his entire take-home pay to buy company stock, starting with a $15.3 million purchase this week. The move demonstrates alignment with shareholders as Berkshire restarts share buybacks.

Amazon Cuts 100+ Robotics Jobs in Restructuring

Amazon has eliminated at least 100 positions within its robotics division as part of a broader strategic restructuring effort, signaling a shift in the tech giant's automation priorities.

Ssense Layoffs Exceed 300 in Past Year Amid Bankruptcy

Montreal-based luxury fashion retailer Ssense has laid off 307 employees in the last year, including recent cuts at Chabanel and St-Laurent locations, as the company navigates bankruptcy protection and a contentious founder buyback.

Capital Power Q4: $13M Loss, Operational Funds Up

Capital Power announced a $13 million net loss for the fourth quarter, while funds from operations showed significant improvement, reflecting ongoing strategic adjustments in the energy sector.

Toronto Resident Wins $75 Million Lotto Max Jackpot

A single Lotto Max ticket sold in Toronto has claimed the massive $75 million jackpot, marking one of the largest lottery wins in the city's recent history. The winner's identity remains unknown as officials confirm the life-changing prize.

Canada Packers Reports $23.2M Q4 Profit, Sales Rise

Canada Packers announced a fourth-quarter profit of $23.2 million, with sales edging higher amid challenging market conditions. The results highlight the company's resilience in the food processing sector.

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