Montreal News
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Updated 1 hour, 23 minutes ago
Valeant Pharmaceuticals International Inc., Canada’s largest drugmaker, is close to acquiring Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC, for about $9 billion, said a person with knowledge of the negotiations.
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Updated 10 minutes ago
Warburg Pincus LLC would reap more than a threefold return on its $1.7 billion equity investment in Bausch & Lomb Inc. if talks to sell the eye-care company for $9 billion bear fruit, a person with knowledge of the matter said.
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Airline industry agreement on a standard measure of aircraft greenhouse-gas emissions may be delayed at least a year for more research, according to the International Civil Aviation Organization.
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Loblaw Cos., Canada’s largest grocery chain by market value, is seeking to raise about C$400 million ($387 million) in an initial public offering of its Choice Properties Real Estate Investment Trust, according to two people familiar with the transaction.
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Updated 1 hour, 23 minutes ago
Canadian stocks rose, erasing earlier losses of as much as 0.3 percent to clinch a fifth week of gains, as a surge in Valeant Pharmaceuticals International Inc. offset a slump in oil and gold producers.
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Toronto Mayor Rob Ford’s allegations of cocaine use, which has become material for U.S. late-night comedy sketches and prompted calls for his resignation, hasn’t impaired the city’s finances.
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National Bank of Canada, the country’s sixth-largest lender, raised its dividend by 4.8 percent as it posted record second-quarter adjusted profit on consumer-lending growth.
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Toronto-Dominion Bank’s first share buyback in more than six years adds to a 10-year high in Canadian capital repurchases as companies try to soften the blow of underperforming stock prices.
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Results and schedule for the National Hockey League’s 2012-13 Stanley Cup playoffs. All series are best-of-seven. All times New York.
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The Colorado Avalanche reached an agreement in principle with Patrick Roy to become the franchise’s next coach and vice president of hockey operations, the National Hockey League team said.
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