12 h. ago Louisiana is poised to hike its sports betting tax to help colleges pay their athletes

Louisiana is poised to hike taxes on sports betting to pump more than $24 million into athletic departments at the state’s most prominent public universities. Legislation pending before Gov. Jeff Landry would make Louisiana the first state to raise taxes to fund college sports since a judge approved a landmark settlement with the NCAA allowing […]

Sport

1 week ago Court approves sale of Hudson’s Bay trademarks to Canadian Tire

TORONTO — Canadian Tire Corp. Ltd.’s historic purchase of Hudson’s Bay trademarks will go ahead after an Ontario judge granted permission for the deal. In approving the $30-million deal on Tuesday, Judge Peter Osborne called it the “best outcome,” given the 355-year-old company’s recent descent into liquidation. The deal will give Canadian Tire rights to […]

Economics

3 w. ago Canadians can score some dough in $500 million Loblaws bread

Canadian shoppers could soon get a slice of a giant settlement in a bread price-fixing class action lawsuit against Loblaw.The lawsuit alleges that Canadians were overcharged for bread due to an industry-wide price-fixing scandal involving certain packaged bread products. In addition to Loblaw Companies Ltd. and parent company George Weston Ltd., other grocery chains mentioned in the lawsuit include Metro, Sobeys, and Walmart.According to a court document, Judge Ed Morgan approved the $500 million settlement on May 8, calling it fair, reasonable, and "in the best interests" of the class members. Out of the $500 million, George Weston and Loblaw must pay $404,000,000. In 2017, the grocery giant previously paid $96 million to eligible customers under the Loblaw Card program who spent more on bread than they should have between 2001 and 2015.Once legal fees, costs, disbursements, interest, and applicable taxes have been paid to the class counsel, 78 per ce...

Economics

3 w. ago Judge approves $500M settlement in Loblaw, George Weston bread price

TORONTO — Some Canadian shoppers may soon receive cash from a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread. Ontario Superior Court Judge Ed Morgan approved a $500-million settlement in the case on May 7, saying the […]

Economics

3 w. ago Judge approves $500M settlement in Loblaw, parent company bread

In a written decision, judge Ed Morgan says the $500-million settlement is excellent, fair and in the best interest of class members.

Economics

3 w. ago Quebec judge approves sale of Lion Electric to investor group

Justice said the deal is the only option that ensures the struggling manufacturer can keep operating

Other

3 w. ago Bankrupt Electric Bus Maker Lion Rescued by Quebec Investors

A Quebec judge will approve a transaction aimed at saving Lion Electric Co. from bankruptcy, but shareholders and most creditors will not receive any proceeds.

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