Tag Archives: business

Rogers CEO addresses boardroom feud, says he has board’s ‘strong unequivocal support’

TORONTO – Rogers Communications Inc. sought to reassure investors Thursday as it tries to move past a boardroom drama that has prompted the departure of a senior executive and the launch of an executive oversight committee. Joe Natale, president and chief executive of Rogers, publicly addressed the feud for the first time during […]

Blackstone buys majority stake in Spanx, valuing it at US$1.2 billion

Investment firm Blackstone Inc would buy a majority stake in Spanx, valuing the shapewear maker at US$1.2 billion, the companies said on Wednesday. The deal will allow Spanx to further expand globally and help it strengthen its online business, they added. Spanx founder and Chief Executive Officer Sara Blakely would become the […]

EU leaders seek to safeguard energy supplies as prices soar

BRUSSELS – European Union leaders on Thursday are seeking to safeguard energy supplies to the 27-nation bloc while speeding up the transition away from polluting fossil fuels to sustainable alternatives. The energy debate at Thursday’s EU leaders’ summit comes amid soaring prices that are pummeling households and businesses still reeling from the impact […]

Stock market: Asian stocks mixed after Wall Street rises for 5th day

BEIJING – Asian stocks rose Wednesday after Wall Street advanced for a fifth day on strong corporate earnings. Shanghai, Tokyo, Hong Kong and Sydney advanced. Seoul declined. Wall Street’s benchmark S&P 500 index rose 0.7%, propelled by health care and tech stocks. Asian markets took their “cue from extended gains on […]