VANCOUVER — The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings Ltd., its largest unitholder. The proposal for $18.60 per unit in cash values the steak house fund at about $211 million. Keg units closed at $14.22 on the Toronto Stock Exchange on Friday and were […]
Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. The board of Skechers unanimously approved the deal, the companies said Monday. The offer of $63 per share represents a premium of 30% to Skechers’ 15-day volume-weighted average stock price, the companies said. Skechers shares jumped 25% at […]
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump […]
The Trump administration is swiftly remaking housing policy as the U.S. Department of Housing and Urban Development retreats from long-established fair-housing protections for transgender people. In recent months, HUD has been targeting the Obama-era Equal Access Rule that expanded protections to include sexual orientation and gender identity. Also in the bull’s-eye are fair-housing complaint investigations […]
ATHENS, Greece (AP) — In a country celebrated for its ancient wisdom, Greece is offering a modern solution to a pressing household challenge: empowering parents to oversee their children’s online activity. On Monday, the government launched a state-operated mobile app, marking one of Europe’s most assertive steps toward digital age verification. Kids Wallet, now available […]
OMAHA, Neb. (AP) — Billionaire Warren Buffett will remain with Berkshire Hathaway as chairman of the board when vice chairman Greg Abel takes over as CEO to begin 2026. The board of directors at the cash-rich conglomerate voted Sunday to keep the legendary 94-year-old investor as head of the board, a decision likely to relieve […]
CALGARY — U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at US$9.1 billion, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board of directors. Parkland cancelled its annual […]
EAST HARTFORD, Conn. (AP) — About 3,000 labor union members went on strike early Monday at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down. Members of the International Association of Machinists and Aerospace Workers were picketing at manufacturing locations in East Hartford and Middletown, […]
PARIS (AP) — The European Union launched a drive on Monday to attract scientists and researchers to Europe with offers of grants and new policy plans, after the Trump administration froze U.S. government funding linked to diversity, equity and inclusion initiatives. “A few years ago, no one would have imagined that one of the biggest […]
PARIS (AP) — Fearful that the kidnappers might sever another finger from their hostage or worse, the French police commander ordered his officers — with a radioed “Go” command — to raid the house where he suspected that the father of a wealthy cryptocurrency entrepreneur was being held. Fabrice Gardon, director of Paris’ judicial police, […]
