Corporate governance - Vigil

Snowflake raised the largest initial public offering ever for a US software company, in the latest sign of Wall Street’s huge demand for cloud computing service businesses. 

Jeff Ubben, the founder of activist hedge fund ValueAct and an early investor in Nikola, has strenuously defended the electric truck start-up and its leadership against fraud allegations from a short-seller. 

General Motors Co. is suing a former board member, claiming he leaked confidential information to a rival company and to the United Auto Workers, a move the auto maker says added billions to its labor costs.

Loblaw Companies Ltd. is investing $75 million in virtual health provider Maple Corporation as the grocer continues to expand its footprint in healthcare.

The ECB hopes new rules will encourage more mergers, and higher profits

The emergence of the oddball alliance between a business-software giant and social-media sensation is the latest twist in six weeks of negotiations

China’s economic recovery accelerated in August, with retail sales, the last holdout among the economy’s major components, returning to pre-coronavirus levels by showing their first month of growth this year.

The country's corporate boards used to be like a closed village, typically consisting of executives who climbed the corporate ladder within the company and lacking views from outside directors that could be critical for management strategy.

The policy consensus that has guided economic decision-making for decades is being challenged like never before. In a new series, the Financial Post explores the opportunities and unknown costs of the Great Rethink.

Cloud-based data warehouse firm Snowflake Inc, backed by venture capital firm Sequoia, said on Monday it expects to raise about $3.08 billion in its initial public offering, in what could be the biggest U.S. listing so far in 2020.

The European Union on Monday ramped up pressure on Prime Minister Boris Johnson to step back from breaking the Brexit divorce treaty, delaying a key decision on London’s euro clearing just as he faces a rebellion in the British parliament.

Canada’s export bank says it will not disclose the findings of an internal review of business dealings by Paul Lamontagne, chief executive of its development finance subsidiary, who left last week after less than three years in the post.

The cost of protecting directors and senior corporate officials from lawsuits more than doubled in the second quarter of this year, as Covid-19 raised premiums already on the rise because of an increase in class actions.

Analysts say that increasing corporate debt is often tied to share buybacks, which in turn relates to the sale of stock by executives.

Struggling sports and outdoor recreation retailer MEC has obtained court protection from creditors and agreed to be sold to private investment firm Kingswood Capital Management LP, ending the retailer’s 49 years as a co-operative.

The hostile bid for Cogeco Inc. and Cogeco Communications Inc. comes as Rogers Communications Inc. looks to plan its investments in fifth-generation wireless technology, the company’s chief executive says.

Accounting firm sends letter to clients suggesting greater scrutiny of company books by auditors, going beyond current accepted practice for the industry

American incomes rose sharply and poverty fell in the final year of the country’s decadelong economic expansion, according to Census Bureau figures released Tuesday.

Canberra has asked Rio Tinto to appoint an Australian as its next chief executive as investors and officials push the mining group to sharpen its focus on a country that generates the bulk of its earnings.

Britain’s G4S said on Monday it had rejected a 2.95 billion pound ($5-billion) offer from Canadian security firm GardaWorld, saying it was “highly opportunistic”.

Former Scotiabank executive James O’Sullivan has replaced IGM Financial’s chief executive Jeff Carney, who has departed the company due to health reasons.

Grocery giant Loblaw Cos. Ltd. is pushing back into everyday banking with the launch of a new bank account for customers, three years after severing a 20-year relationship with Canadian Imperial Bank of Commerce to focus on its credit-card business.