Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News
Photo: The Canadian Press
Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.
Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a…
Shoppers Drug Mart eliminates ‘pink tax’ on menstrual pain medication following CBC investigation
Shoppers Drug Mart is taking action following an investigation by CBC’s Marketplaces that found painkillers labeled as a treatment for menstrual cramps cost more than near-identical painkillers marketed for headaches and other pain.
The drugstore’s parent company, Loblaw, told Marketplaces over email on March 15 that it “recognizes the importance of equity and access and will align the price of these products within a week.”
As of March 24, more than a week after that email was sent, online prices were aligned but inconsistent across stores in the Greater Toronto Area.
Marketplaces found the two examples of the so-called pink…
Pornhub owner MindGeek purchased by private equity firm – Business News
Pornhub owner purchased
The Canadian Press – March 16, 2023 / 12:47 pm | Stories: 416472
Photo: The Canadian Press
The Pornhub website is shown on a computer screen in Toronto on Wednesday, Dec. 16, 2020. PornHub parent company MindGeek is being acquired by private equity firm Ethical Capital Partners.THE CANADIAN PRESS
Private equity firm Ethical Capital Partners (ECP) is acquiring MindGeek, the owner of Pornhub.
The terms of the transaction are not being publicly disclosed.
In a news release, ECP says MindGeek is committed to quality adult entertainment made by and for consenting adults.
The Ottawa-based private equity firm…
Big banks create $30B rescue package for First Republic – Business News
Photo: The Canadian Press
The hours of operation and the FDIC Insured status is on display at the front door of a First Republic Bank in the Financial District of Manhattan, Thursday, March 16, 2023. The S&P 500 was 0.8% higher in midday trading after erasing an earlier loss of nearly that much following reports that First Republic Bank could receive financial assistance or sell itself to another bank. (AP Photo/Mary Altaffer)
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank…
How to Sell Land for Cash in South Dakota: A Comprehensive Guide
Selling undeveloped land can be a complex and slow process, especially when you rely on traditional real estate listings and wait for the “perfect buyer.” But there is another route—one that emphasizes speed, simplicity, and certainty. If you own land in South Dakota and want to sell land for cash, this guide walks you through how it works, what to expect, and how to get the best outcome.
Why More Landowners Choose to Sell Land for Cash
Before diving into the “how,” let’s consider why many landowners prefer this approach:
Faster closings. Cash deals eliminate the need for buyer financing,…
Birth Injury Law Firm: Advocating for Families and Protecting Newborns’ Rights
Bringing a new life into the world is one of the most profound moments in a family’s life. It should be a time of joy, celebration, and hope for the future. However, when medical negligence or preventable errors occur during pregnancy, labor, or delivery, this moment can turn into heartbreak. In these cases, a birth injury law firm can provide the guidance, support, and legal expertise needed to help families seek justice and financial compensation for their child’s injuries.
Understanding the Role of a Birth Injury Law Firm
A birth injury law firm focuses on cases where medical malpractice leads…
Europe’s central bank hikes interest rates by 50 basis points despite bank chaos
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears about the impact of higher rates on the global banking system.
The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation of 8.5 per cent. In a statement, the bank called the banking sector in the 20 countries using the euro currency “resilient,” with strong finances.
“We are monitoring current market tensions closely and stands ready to respond as necessary to preserve…
6 Easy Ways to Promote Your Financial Services on Social Media
If you’re a finance business looking for a simple yet effective way to advertise your services, social media marketing is a great option. Not only does it offer a direct means for you to connect with customers, but it’s also a beginner-friendly way to optimize your marketing strategy and build your audience.
Whether you already have a social media page or are just getting started, we’re here to help you maximize the marketing strategies within your reach. In this simple guide, we’ll go over the key ways you can grow your online presence and create compelling content in a competitive…
