TORONTO, June 30 (Reuters) – Maple Leaf Foods (MFI.TO: Quote, Profile, Research)
shares fell nearly 5 percent on Wednesday after it adopted a
plan to assure all shareholders are treated equally in the
event of the acquisition of 20 percent or more of the company.
The board of Canada’s largest food processor approved the
plan in anticipation of the June 30 expiry of an agreement
between McCain Capital Corp. and the Ontario Teachers’ Pension
Plan Board, its two largest shareholders.
TORONTO (Reuters) – Empire Co Ltd (EMPa.TO: Quote, Profile, Research), operator of Canada’s second biggest grocery chain, on Friday reported a 15.5 percent rise in quarterly net earnings, but profit margins at its Sobeys stores slipped and the stock declined.
The company said retail food-price deflation was still a drag on its business, and it sees the downward pressure on prices persisting. It said deflation accelerated to 2 percent in its fourth quarter ended May 1 from 1.5 percent in the third quarter.
TORONTO, June 24 (Reuters) – Employees at a downtown
Toronto hotel hosting Group of 20 summit delegates walked off
the job on Thursday, two days before the gathering of world
TORONTO (Reuters) – Shares of Biovail Corp. (BVF.TO: Quote, Profile, Research) (BVF.N: Quote, Profile, Research) jumped over 12 percent on Tuesday, a day after the Canadian drug maker said it was buying U.S.-based Valeant Pharmaceuticals International (VRX.N: Quote, Profile, Research) in a $3.3 billion deal.
The deal will create a drug company with cash flow of some $900 million and a focus on products for central nervous system disorders and dermatology. Valeant products include drugs for skin cancer and epilepsy.
Just when you feared fame may have stripped some of the charm off Fox’s hit show, “Glee”, it sent fans into the summer hiatus with a finale bursting with heart, drama, a few tears, and the magic and chills of the pilot episode.
After a year together, the ageless Glee kids of McKinley High found inspiration with the group and song that started it all, Journey and their hit, “Don’t stop believin’”.
Lady Gaga’s presence was stamped all over Fox’s “Glee” Tuesday night as the kids of New Directions explored their self-identity.
This week, Finn Hudson was caught in a bad bromance with Gleemate Kurt Hummel. It was a bad day for Finn as his homophobic prejudices toward Kurt surfaced upon hearing that he and his mother would be moving in with the Hummels and that he’d be sharing a room with Kurt, who has had a not-so-secret crush on him all year. Finn learned his lesson though after a lecture from Dad and came to Kurt’s defense (wrapped in a signature Gaga red rubber dress) just as Kurt was about to get a beating by football bullies who were not down with the Glee club’s new look: “If you want to switch it up, go from Gap to Banana Republic.”
TORONTO (Reuters) – After eight horrifying days, U.S. special agent Jack Bauer ended his career on television’s hit action show “24″ on Monday by turning into a fugitive from justice and being forced to escape the country he loved.
It seemed a fitting end for Bauer (Kiefer Sutherland) because during the show’s eight seasons — each one-hour episodes elapsed as if it were one hour in a day — the tough-as-nails super agent always landed in trouble.
Fox’s ” Glee” was full of its trademark goodness this week, and a guest turn by Neil Patrick Harris (better known as Barney Stinson on “How I Met Your Mother“) and directed by Joss Whedon were a particular treat.
A opening scene flashback to Mr. Schuester’s (Matthew Morrison) zit-marked high school days watching a mullet-haired Bryan Ryan (Harris) serenade The Monkee’s “Daydream Believer” set the tone for the rest of the episode. Harris, known for his love of magic, even managed to weasel a trick into the scene.
Sure, TV networks may already be looking ahead to the fall — they’re all gathered in New York this week unveiling next season’s line up to advertisers – but viewers are still anchored firmly in the present, waiting with bated breath to see how their favorite TV shows will leave them hanging through the summer — or, in some cases, permanently.
CW’s freshman breakout hit “The Vampire Diaries” was one of the first shows to wrap for the season last week with a heart-stopping finale that the New York Post’s PopWrap said set the bar “for which all other 2010 season finales will be judged.”
Tuesday night’s much-hyped homage to “the most powerful woman ever to walk the face of the earth” on Fox’s breakout hit show, Glee, was all about asking, “What would Madonna do?”
(Acerbic cheerleading coach Sue Sylvester’s response: “Well, the answer to that question would normally be: date a younger man.”)