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National Business
National Business
Reitmans seeks court protection from creditors under CCAA, plans restructuring
MONTREAL — Reitmans (Canada) Ltd. has received an initial order Tuesday after seeking court protection from its creditors under the Companies' Creditors Arrangement Act to allow a restructuring of the women's clothing retailer.
May 19, 2020 1:07 PM
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Oilpatch M&A expected to pick up after pandemic's dampening of demand eases
CALGARY — The financial stress caused by low oil prices from plummeting fuel demand during the COVID-19 pandemic will result in a wave of Canadian energy mergers and acquisitions — but not until after the world begins to return to normal, observers s
May 19, 2020 10:50 AM
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A list of some of the companies that have filed for CCAA since the pandemic
TORONTO — A list of some of the companies that have filed for court protection from creditors under the Companies' Creditors Arrangement Act since the beginning of the pandemic: May 19: Reitmans (Canada) Ltd. (Retail) May 15: Entrec Corp.
May 19, 2020 9:59 AM
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Lebron James, Spotify, HBO among 2020 Webby Award winners
LOS ANGELES — LeBron James, Jimmy Fallon, Spotify and HBO are among the 2020 Webby Award winners for internet excellence. The International Academy of Digital Arts and Sciences announced the winners Tuesday.
May 19, 2020 9:27 AM
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For pandemic-era homebuyers, virtual tours and patience can pay off
Thomas Rosenthal has been checking online property listings every day while under lockdown.
May 19, 2020 7:46 AM
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Sony to buy full control of financial unit to weather crisis
TOKYO — Sony Corp. plans to make its financial services unit a wholly owned subsidiary to ensure stability as it rides out the hardships brought on by the coronavirus pandemic.
May 19, 2020 6:03 AM
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Cost of spreading virus weighed on Home Depot in early 2020
ATLANTA — The cost of the spreading coronavirus pandemic dragged on profits early in the year at Home Depot. The world's biggest home improvement chain upped compensation for employees, extended dependent care benefits and waived related co-pays.
May 19, 2020 6:02 AM
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Equipment finance company Chesswood Group suspends monthly dividend
TORONTO — Chesswood Group Ltd. says it is temporarily suspending its monthly dividend as part of its plan to resume funding new business in the U.S. as closure restrictions due to the pandemic begin to lift.
May 19, 2020 4:07 AM
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WHO bows to calls from countries for independent virus probe
GENEVA — The World Health Organization bowed to calls Monday from most of its member states to launch an independent probe into how it managed the international response to the coronavirus, which has been clouded by finger-pointing between the U.S.
May 18, 2020 8:15 PM
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California eases more restrictions; restaurants may open
SACRAMENTO, Calif. — Gov.
May 18, 2020 6:29 PM
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