Two Canadian food companies sued in U.S. over ‘potato cartel’ allegations – National | Globalnews.ca Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products. The suits, which have yet to be certified, … Read more
Walmart’s promise of low prices lured shoppers in 3rd quarter – National | Globalnews.ca Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could. The nation’s largest retailer raised its outlook for the year as well … Read more
Spirit Airlines files for bankruptcy amid financial woes – National | Globalnews.ca Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit, … Read more
Trump urged by EV companies, battery makers not to kill vehicle tax credits – National | Globalnews.ca A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican. The … Read more
Kraft Heinz faces class action lawsuit alleging mac-and-cheese fraud – National | Globalnews.ca A federal judge said Kraft Heinz KHC.O must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives. In a decision on Wednesday, U.S. District … Read more
‘Well-organized’ fraudsters running Taylor Swift scams, 190 cases logged | Globalnews.ca By Staff The Canadian Press Posted November 15, 2024 11:44 am 1 min read Descrease article font size Increase article font size Taylor Swift fans eager to score a last-minute ticket should be on alert for scams run by “well-organized” fraudsters. The Canadian Anti-Fraud Centre says … Read more
Still trying to see Taylor Swift in Toronto? Last-minute tickets priced as high as $33K | Globalnews.ca Hundreds of thousands of Swifties are expected to descend on the streets of Toronto over the next two weeks as the city plays host to Taylor Swift. The global pop star is bring her ‘Eras Tour’ to the … Read more
Struggling 23andMe cuts 40% of workforce in restructuring – National | Globalnews.ca 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs. The latest restructuring efforts were announced by 23andMe on Monday. The company said it plans … Read more
1.4M Honda vehicles may see engines fail, prompting U.S. probe – National | Globalnews.ca By Staff The Associated Press Posted November 11, 2024 12:01 pm 1 min read Descrease article font size Increase article font size The U.S. government’s highway safety agency is investigating complaints that engines can fail on as many as 1.4 million … Read more
Bitcoin surges to record high after Trump win, but short traders lose billions – National | Globalnews.ca Descrease article font size Increase article font size Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after bitcoin surged to record highs, on optimism U.S. President-elect Donald Trump would implement a more … Read more