Corporate governance - Vigil

BlackBerry Ltd posted a surprise 6 per cent rise in quarterly revenue on Thursday, as sales of its security software product rose and its patent licensing business strengthened.

Toshiba Corp’s top investor has called for an investigation of a botched meeting in July at which it says several shareholders were deprived of their vote, a letter to the Japanese conglomerate’s board seen by Reuters shows.

When the New York Times Magazine published Milton Friedman’s essay, “The Social Responsibility of Business Is to Increase Its Profits,” 50 years ago, Friedman was six years shy of his Nobel Prize win and not quite yet on the path to becoming one of the world’s most influential economists of the 20th century. And while his various ideas had growing clout in libertarian circles, his “Friedman Doctrine,” as the Times dubbed his theory about the role of corporations, still had an air of being radical for its time.

It’s easy to hate the rich for all that they have and all that you don’t, but the rich aren’t the problem, says Michael Farr. The problem is that the poor and middle class don’t have enough money.

E.W. Scripps Co. agreed to buy ION Media for $2.65 billion in a move to significantly expand the TV station owner’s reach with the backing of Warren Buffett’s Berkshire Hathaway Inc.

Unemployment claims held steady at a historically high 870,000 last week, suggesting the labor market continues to slowly recover from the coronavirus pandemic.

Climate change is about to upend the corporate world. Firms must react fast, says Guy Scriven

Nike Inc.’s sales rebounded in the summer quarter after slumping earlier during the coronavirus pandemic, as rising digital sales offset declining revenue at traditional stores.

Nike said that surging online sales mostly offset lower foot traffic at reopened physical retail stores globally, offering a bullish outlook for the remainder of its fiscal year.

The Quebec government and the province’s fund manager gave Cogeco Inc. and its controlling shareholder, the Audet family, a vote of confidence on Tuesday in the face of a hostile takeover offer.

While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.

The European Commission hopes to cut carbon dioxide emissions from the aviation industry by up to 10% by making flight paths more direct and reducing delays due to congested airspace.

The CEO of the payments company that recently completed the largest tech IPO in the Toronto Stock Exchange’s history said his firm is just getting started and will have no trouble competing in the increasingly competitive sector.

Constellation announced plans this week to list shares in its Netherlands-based subsidiary on the Toronto Venture Exchange, creating a new public entity with 4,250 employees, 85 business units and a mandate to snap up rival European tech companies focused on health care, government and education software.

In 2019, the board of directors of McDonald’s Corp. took the unusual but bold and moral decision to dismiss its CEO Steve Easterbrook after he revealed he’d had a consensual relationship with a co-worker.

Federal Reserve officials stepped up calls for additional government spending to avoid an uneven and protracted economic recovery from the coronavirus pandemic.

The Securities and Exchange Commission raised the bar for investors to submit proposals for a vote at companies’ annual meetings, a win for executives who have bristled at shareholder efforts to influence corporate policies on social and political issues.

One of the main issues in these debates is governance: What right did the board have to impose a curatorial director on its general director? Mr. Jarislowsky, a corporate governance activist, has said the board was acting correctly in taking control of a lax situation. But businessman Michel Nadeau, who chairs the investment committee of the MMFA Foundation, argues Mr. de la Chenelière was grabbing power for himself.

While Spain, France and UK suffer Covid-19 surge, the country has adapted since brutal first phase

The coronavirus’s resurgence is weighing on service providers in Europe and Asia, even as factories continue to report a strengthening recovery from spring’s sharp declines in output.

Spirit AeroSystems Holdings Inc. is raising doubt about its US$500-million planned takeover of Bombardier Inc.'s plane parts manufacturing businesses and says a separate deal to buy Belgium’s Asco Industries is likely dead.

The leaders of the Big Four accounting firms have come together in an unusual joint initiative to unveil a reporting framework for environmental, social and governance standards.