Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.
Industry
EMV Credit Card Increase Security But Slow Implementation Will Make Consumers Vulnerable
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
Alli Webb's Drybar opens new salon marking the growth of female founders in beauty sector
Drybar is set to open its 57th salon in the ritzy Tysons Corner mall of Virginia. Alli Webb, the founder of Drybar, aims to open 70 Drybar salons across the country and one in the region of Vancouver BC within the end of 2016.
AMC Entertainment Will Acquire Carmike Cinemas Despite Shareholder's Objection
AMC Entertainment will acquire Carmike Cinemas to be the largest theater chain in North America. One Carmike's shareholder opposed the acquisition, citing the price offer was too low.
Intercontinental Exchange Prepare a Bid for London Stock Exchange Against Deutsche Boerse
Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.
Latest News
Whole Foods has been witnessing tremendous pressure from rival super market chains offering specialty and organic foods at lower prices. Solar providers supply power at reduced prices compared to commercial power tariff. To cope up with the market competition, Whole Foods has reached agreement with SolarCity and NRG for installation of solar systems in its several outlets.
U.S. Commerce Department puts export restriction on ZTE for violating export restriction to Iran. Starting Tuesday, ZTE will not be able to acquire U.S. products without export license
Perry Capital has recently invested $1 billion in investment grade bonds. The investment firm possesses a hedge fund of $10 billion and prepared to make investment. But Perry Capital leader Richard Perry waits for the suitable moment of investment.
In the wake of the ongoing legal dispute between Apple and the FBI over encryption, GCHQ director Robert Hannigan addressed the issue in his speech at the MIT. He calls for a discussion and cooperation between agencies and tech companies especially in the US and the UK.
AreaMetrics has completed a seed funding round of $2 million. The financing round was headed by Quest Venture Partners and Startup Capital Ventures.
Money manager Jeffrey Gundlach foresees the possibility of Standard& Poor's 500 index moving two percent upside and 20 percent downside. He considers the recent rebound in the market as a 'bear market rally.'
Statoil Energy Ventures announced its first investment worth at about US$3 million in United Wind. The fund plans a total investment of $200 million in wind energy over a period of 4 to 7 years.
It's a race for Toshiba Medical Unit between Canon, Fujifilm Holdings, Konica Minolta and Permira Holdings. Nikkei said Canon has the highest bid amounting to $6.2 billion. Whoever the winner is, will be decided on Wednesday.
The volume of Philadelphia's venture capital (VC) investments is showing a mixed pattern. Though VC investment grew in 2015 when compared with investments in 2014, the fifth largest city in the US has attracted venture capital investment less than its due share of total funding.
