Calgary apartment tower sale bet on tight Canadian housing market
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Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s tight housing market.
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The US firm is seeking to sell a 462-unit rental building in Calgary after completing construction nearly three years ago, with the expectation it will fetch around $200 million, according to Avi Tesciuba, head of Canadian operations at Hines.
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Rents in Canada climbed last year as a longstanding shortage of housing was met with a record amount of immigration. Meanwhile,…
Tupperware stock plummets after warning it may go out of business
Tupperware says it may go out of business
Tupperware may go out of business, the company warns
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Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.
The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.
Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…
Tupperware shares tank as company warns it may go out of business
Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business.
The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .”
Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via…
Dominion suit against Fox News spotlights Maria Bartiromo
How do you solve a problem like Maria Bartiromo?
Fox News executives may be asking themselves that question as she emerges as a central figure in Dominion Voting Systems’ $1.6-billion defamation suit against the conservative news network.
In released court documents and deposition testimony connected to the case, Bartiromo is cited throughout for allowing former President Trump’s false claims about 2020 election fraud to air on the network in an effort to stop angry viewers from abandoning the network.
Falsehoods such as the claim that the Denver-based voting machine maker was founded in Venezuela to aid Hugo Chávez and that…
WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News
WestJet closes Sunwing deal
The Canadian Press – May 1, 2023 / 9:15 am | Stories: 424375
Photo: The Canadian Press
The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year.
The company says that, initially, the airlines will continue independent operations.
However, WestJet says the two airlines will move from being competitors to collaborators.
Stephen Hunter, formerly the CEO of Sunwing Vacations, has been appointed CEO of the WestJet Group’s vacations business. Hunter will be responsible for all tour operating and vacation package businesses at both…
Toronto homeowners’ cost of living costs almost 60%
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Canada’s biggest city isn’t just expensive for homeowners. Renters’ costs have suffered 22%
Published May 01, 2023 • Last updated 18 hours ago • 4 minute read
Costs for Toronto homeowners have skyrocketed 58 per cent since last year. Photo by Ernest Doroszuk/Toronto Sun/Postmedia
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President Biden jokes to dinner guests if you’re disoriented or confused, you’re either ‘drunk or Marjorie Taylor Greene’
President Joe Biden laughs as he speaks during the White House Correspondents’ Association dinner at the Washington Hilton in Washington, Saturday, April 29, 2023.Carolyn Kaster/AP Photo
Biden mocked Rep. Marjorie Taylor Greene during his White House Correspondents’ Dinner speech.
He said that if the guests felt confused, they would either “drunk or Marjorie Taylor Greene.”
Biden also poked fun at his political rivals and himself at the annual event.
President Joe Biden made a jibe at Rep. Marjorie Taylor Greene during his speech at the White House Correspondents’ Dinner on Saturday night, suggesting the congresswoman was “confused.”
“I want everyone…
SpaceX giant rocket explodes minutes after launch from Texas – Business News
Photo: The Canadian Press
SpaceX’s Starship breaks up after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. (AP Photo/Eric Gay)
SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.
Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter)…
