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HBC says new valuation has determined that takeover offer is fair for shareholders

HBC says new valuation has determined that takeover offer is fair for shareholders

TORONTO — A special committee of Hudson Bay's board is reaffirming its endorsement of a buyout of shares to take the company private after receiving an updated valuation, one of the conditions of a deal that was announced earlier this month. On Jan.
China virus outbreak rams global tourism, costing billions

China virus outbreak rams global tourism, costing billions

Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads.
NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up

NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up

NEW YORK — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous.
Countries evaluate evacuation of citizens in virus epicenter

Countries evaluate evacuation of citizens in virus epicenter

TOKYO — Countries with citizens in the central Chinese city that's the epicenter of a viral outbreak are planning evacuations as the number of illnesses grow and China takes drastic measures to try to stop the spread of the virus.
California tests find illegal vapes tainted with additives

California tests find illegal vapes tainted with additives

LOS ANGELES — California officials announced Monday that marijuana vape cartridges seized in illegal shops in Los Angeles contained potentially dangerous additives, including a thickening agent blamed for a national outbreak of deadly lung illnesses
Labatt acquires B.C. distillery known for ready-to-drink alcoholic beverages

Labatt acquires B.C. distillery known for ready-to-drink alcoholic beverages

Labatt Breweries of Canada has acquired a distillery known for spirits and canned cocktails as the brewery looks to expand its ready-to-drink offerings — a bright spot for a company grappling with a declining beer market.
TSX has worst day in nearly four months on concerns about coronavirus impact

TSX has worst day in nearly four months on concerns about coronavirus impact

TORONTO — Canada's main stock index had its worst day in nearly four months to start the week as stock markets around the world tumbled on worries that economic growth will be hurt by the coronavirus outbreak in China.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,442.52, down 122.82 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.64 per cent, to $1.20 on 11.
Prince Andrew called unco-operative in Jeffrey Epstein probe

Prince Andrew called unco-operative in Jeffrey Epstein probe

NEW YORK — Britain's Prince Andrew has provided “zero co-operation ” to the American investigators who want to interview him as part of their sex trafficking probe into Jeffrey Epstein, a U.S. prosecutor said Monday.
Dumping probe in India expected to add to Canadian newsprint industry woes

Dumping probe in India expected to add to Canadian newsprint industry woes

CALGARY — A financial analyst says the long-struggling Canadian newsprint industry has even tougher times ahead given recent events including a potential anti-dumping investigation in India.