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Dorel Industries shares rise after Cerberus raises takeover offer to $16 per share

Dorel Industries shares rise after Cerberus raises takeover offer to $16 per share

OTTAWA — Shares of Dorel Industries Inc. rose Monday after the group looking to take Montreal-based company private raised its takeover offer by 10 per cent in an attempt to win the support of investors who have been critical of the bid.
Masks, social distancing and speed: Snowmobiles enjoy boom

Masks, social distancing and speed: Snowmobiles enjoy boom

PORTLAND, Maine — The thrill of hurtling along a remote trail, coupled with Americans’ ongoing desire to get outside during the pandemic, is creating the biggest boom in more than two decades for the snowmobiling industry.

Epstein joins company that advises on sports investments

DALLAS — Major League Baseball consultant Theo Epstein was hired Monday by a financial firm that advises on investments in sports teams.
Former Bank of Canada senior deputy governor Carolyn Wilkins joins Intact board

Former Bank of Canada senior deputy governor Carolyn Wilkins joins Intact board

OTTAWA — Intact Financial Corp. says former Bank of Canada senior deputy governor Carolyn Wilkins has joined its board of directors.
Military stages coup in Myanmar, detains Aung San Suu Kyi

Military stages coup in Myanmar, detains Aung San Suu Kyi

NAYPYITAW, Myanmar — Myanmar’s military staged a coup Monday and detained senior politicians including Nobel laureate Aung San Suu Kyi — a sharp reversal of the significant, if uneven, progress toward democracy the Southeast Asian nation has made fol
India pandemic-fighting budget to boost health care spending

India pandemic-fighting budget to boost health care spending

NEW DELHI — India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra help for weathering the coronavirus pandemic. India is in its worst economic slowdown in a decade.
'Milkman model' grocery service delivers brand-name goods in reusable containers

'Milkman model' grocery service delivers brand-name goods in reusable containers

TORONTO — Canada's first modern-day milkman service that delivers brand-name groceries and household goods to doorsteps in reusable packaging is set to launch in the Toronto region on Monday. Loop, an online shopping platform started by U.S.
Australian media companies admit breaching Pell gag order

Australian media companies admit breaching Pell gag order

CANBERRA, Australia — Australian media companies admitted in court Monday they breached a gag order in publishing references to Cardinal George Pell’s since-overturned convictions in 2018 for child sexual abuse.
German beer sales suffer as virus restrictions bite

German beer sales suffer as virus restrictions bite

BERLIN — Beer sales in Germany were down 5.5% last year, dragged lower by lengthy closures of bars and restaurants in the coronavirus pandemic, official data showed Monday. German-based breweries and distributors sold 8.7 billion litres (2.
Australian prime minister says Bing could replace Google

Australian prime minister says Bing could replace Google

CANBERRA, Australia — Australia's prime minister said on Monday that Microsoft is confident it can fill the void if Google carries out its threat to remove its search engine from Australia.