Briefcase: Updates on developing business stories
Alex Mlynek is Canadian Business magazine’s Upfront editor. She has worked at CB since 2002. Prior to joining the magazine she freelanced as a writer and researcher for such publications as MoneySense, Style at Home and Azure. A graduate of Ryerson University’s journalism program, Alex manages Canadian Business’s Rich 100 project, and the Celebrity Power List. In her Briefcase blog Alex provides updates to developing business stories covered in the Briefcase section of Canadian Business magazine.
In the last Briefcase we wrote about New York-based Philip Morris International's bid to purchase Rothmans Inc. of Toronto. Today PMI announced it has extended the expiry of its offer of $30 a share to Sept. 16.
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Well, it's been quite a year for B.C. oil and gas rights sales.
July's record-breaking sale of more than $610 million in bonus bids boosted the total garnered by B.C. this fiscal year to $1.3 billion. In comparison, last fiscal year the province raised $1.2 billion selling the potentially lucrative ...
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HBC announced today it has hired Mark Foote as president and CEO of Zellers. Foote, who spent more than 20 years at Canadian Tire, was most recently president and chief merchandising officer at Loblaw Cos. He left Loblaw this past April.
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Just a quick post to note today’s purchase of Hudson’s Bay Co. by NRDC Equity Partners, owner of Lord & Taylor, a specialty department store.
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Robert Friedland's Ivanhoe Energy (TSX: IE) is now a member of the oilsands club.
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Company founder, and largest single shareholder, Eugene Melnyk, who is very unhappy with current management, to say the least, tried to claim quorum to hold a proper meeting hadn’t been met, because he had withdrawn his proxy votes. But after learning of Melnyk’s move Biovail’s board passed a special bylaw ...
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A recent article (registration required) in the McKinsey Quarterly by Thomas Luedi, a principal in McKinsey's Shanghai office, points out the tremendous growth in foreign acquisitions made by Chinese firms. According to the report, foreign direct investments made by Chinese companies increased tenfold from 2003 to 2007. Although, measured as ...
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B.C.’s latest monthly oil and gas rights sale set a new record on Wednesday. The total for the May sale? $441 million. The majority of that came from drilling licences, with one licence in the Stewart Creek area, which is about 40 kilometres southwest of Fort St. John, going for ...
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According to the World Bank’s report State and Trends of the Carbon Market 2008, in 2007 the global carbon market grew to US$64 billion. In other words, it nearly doubled in size compared to 2006. And, according to Andrew Ertel, president and CEO of Evolution Markets Inc., a carbon ...
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On April 23 B.C. raised $39.6 million in its first monthly oil and gas rights sale of fiscal 2008-’09. The province raised $152 million in its March sale—its last in fiscal 2007-’08— but that was for more than three times as much land.
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