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analysis
7-Eleven’s turnaround plan requires heavy lifting to stop Couche-Tard’s US$47-billion takeover
FILE PHOTO: A pedestrian walks past Japan's Seven & I’s 7-Eleven convenience store in Tokyo, Japan, August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo
international business
Johnson & Johnson lifts profit and sales forecasts, exceeds Wall Street expectations
(FILES) In this file photo taken on August 28, 2019 A sign on a building at the Johnson & Johnson campus shows their logo in Irvine, California. - Johnson & Johnson proposes $8.9 billion settlement of talc cancer claims. (Photo by Mark RALSTON / AFP) (Photo by MARK RALSTON/AFP via Getty Images)
energy and resources
Rio Tinto’s Arcadium buy may pave the way for more lithium purchases
FILE PHOTO: A sign adorns the building where miner Rio Tinto has its office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
european business
Swiss regulator orders UBS to strengthen emergency, recovery plans after Credit Suisse takeover
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann/File Photo
opinion
We live in the age of kayfabe capitalism
Denise Hearn and Vass Bednar
inside the market
Couche-Tard’s latest target has investors on edge. Grab a Polar Pop and relax
A Couche-Tard location in Montreal is seen on October 9, 2024. The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion. 7-Eleven is the world's biggest convenience store chain and has more than 85,000 outlets worldwide, around a quarter of those in Japan. (Photo by Graham Hughes / AFP) (Photo by GRAHAM HUGHES/AFP via Getty Images)
international business
Nippon Steel to sell stake in Calvert joint venture to ArcelorMittal if U.S. Steel deal completed
FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan, April 1, 2024. REUTERS/Issei Kato/File Photo
report on business
How much is Couche-Tard’s takeover offer of 7-Eleven owner now worth? Take our business and investing news quiz
(FILES) This photo taken on September 13, 2024 shows a woman walking past a 7-Eleven convenience store in Tokyo. In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)
report on business
Taiga Motors bought by British maker of electric boats for undisclosed amount
Samuel Bruneau, CEO & co-Founder, Taiga Motors rides their electric snowmobile the Taiga EKKO outside their offices in Montreal, Quebec, February 17, 2021. (Christinne Muschi /The Globe and Mail)
report on business
Falling earnings put pressure on Seven & i to engage with Couche-Tard’s $47-billion takeover offer
FILE PHOTO: Seven & i’s logo is seen at a 7-Eleven convenience store in Tokyo, Japan August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo
baseball
Pohlad family announces plans to explore sale of Minnesota Twins
Minnesota Twins team owner Jim Pohlad watches from the field during a ceremony to retire former Twins player Joe Mauer's No. 7 prior to a baseball game against the Kansas City Royals, Saturday, June 15, 2019, in Minneapolis. Minneapolis. (Andrew Souffle/Star Tribune via AP)
report on business
Tritax EuroBox agrees to $1.44-billion Brookfield deal, sparking potential takeover battle
Pedestrians and office workers walk past the Bay St. entrance to Brookfield Place in Toronto’s Financial District on July 12, 2022. Fred Lum/The Globe and Mail.
report on business
7-Eleven owner to cut assets and refocus on convenience stores to counter Couche-Tard takeover
FILE PHOTO: Shoppers walk out from a Seven & i Holdings' 7-Eleven convenience store in Tokyo, Japan, April 7, 2016. REUTERS/Yuya Shino/File Photo
report on business
Ratan Tata, who put India’s Tata Group on the global map, dies at 86
(FILES) Chairman of India's Tata Motors, Ratan Tata watches during the unveiling of the Tata Megapixel on March 6, 2012, during a press day ahead of the 82nd Geneva Motor Show in Geneva. Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late on October 9, 2024. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)
report on business
Couche-Tard sharply raises offer for 7-Eleven owner to about US$47-billion
(FILES) This photo taken on September 13, 2024 shows a woman walking past a 7-Eleven convenience store in Tokyo. In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)
report on business
Rio Tinto buying Arcadium in US$6.7-billion bet on lithium
FILE PHOTO: A sign adorns the building where miner Rio Tinto has its office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
international business
Rio Tinto goes all in on lithium with US$6.7-billion Arcadium buy
FILE PHOTO: A sign adorns the building where miner Rio Tinto has its office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
asia-pacific business
Canada’s Couche-Tard hikes bid for 7-Eleven owner Seven & i to US$47-billion, sources say
(FILES) A man walks out of a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)
international business
Ares bets on infrastructure boom with US$3.7-billion deal for GCP International
The New York Stock Exchange, rear, is shown on Tuesday, Oct. 8, 2024, in New York. (AP Photo/Peter Morgan, File)
newsletter
Business Brief: A different kind of oil sands gusher
A Shell employee walks past the company's new Quest Carbon Capture and Storage (CCS) facility in Fort Saskatchewan, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol
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