Tag: business news this week

Business News

Five things to watch for in the Canadian business world in the coming week – Business News

2 min read

this week in business

The Canadian Press – | Stories: 436107

Five things to watch for in the Canadian business world in the coming week:

MTY earnings

MTY Food Group Inc. will release its second-quarter results and hold a conference call with investors before financial markets open on Tuesday. MTY franchises and operates restaurants under more than 85 different banners in Canada, the United States and internationally.

Aritzia results

Aritzia Inc. will release its first-quarter results and hold a conference call with investors after

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Business News

As Canadian cities make pandemic patios permanent, experts call for clear standards – Business News

6 min read

At the height of social distancing and other restrictions related to the COVID-19 pandemic, many Canadian cities rolled out temporary patio policies, loosening rules and waiving fees for bars and restaurants looking to seat more customers outdoors.

These programs brought a

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Business News

Overstock.com buys rights to Bed Bath & Beyond

3 min read

NEW YORK –

Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million.

The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson told The Associated Press in a phone interview on Thursday that the company is considering changing its corporate name but won’t make any decisions until after it digests the assets.

The switcheroo to a very familiar brand was cheered on Wall Street. Shares of Overstock.com Inc.,

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Business News

The Zacks Analyst Blog Highlights PGT Innovations , Owens Corning, Watsco, James Hardie Industries and Arcosa

7 min read

For Immediate Release

Chicago, IL – July 6, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PGT Innovations, Inc. PGTI, Owens Corning OC, Watsco, Inc. WSO, James Hardie Industries plc JHX and Arcosa, Inc. ACA.

Here are highlights from Wednesday’s Analyst Blog:

Five Building Product Stocks Up More than 40% Year to Date

The Zacks Construction sector has been displaying strength since the beginning of 2023, despite housing slowdown

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Business News

What’s opening and what’s closing? Check out Center County business news from June

3 min read

A new fireworks store opened just in time for July Fourth and plans were announced for a new donut shop and hotel. Here’s a roundup of Center County business news in June.

What’s opening

Wholesale Fireworks is now open at 2000 E. College Ave., the former Sheetz near Lemont.

Wholesale Fireworks is now open at 2000 E. College Ave., the former Sheetz near Lemont.

  • Owners Jon and Meredith Houser announced plans to open Bellefonte Brick Studio, an independent Lego store, on July 1 at 104 N. Allegheny St. The store’s hours are 10 am to 6 pm Tuesday-Saturday.

  • Dunkin’ will open a second downtown State College location this fall. The donut chain plans a store

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Business News

BoC debated waiting until July to hike rates

3 min read

OTTAWA –

The Bank of Canada’s governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

The central bank released Wednesday its summary of deliberations for its June interest rate announcement, shedding light into the decision to raise its key interest rate by a quarter of a percentage point to 4.75 per cent.

That’s the highest it’s been since 2001.

The rate hike came after the central bank declared a pause earlier in the year, appearing cautiously optimistic that interest rates were high enough to quash inflation.

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Business News

Father’s Day Provides Sales Boost for Menswear Retailers

9 min read

Last year was unquestionably the year of the wedding and menswear retailers reaped the benefits with soaring sales of suits and furnishings.

Although the wedding frenzy has weakened a bit, merchants are still experiencing a heightened demand for dressier apparel and accessories, whether it’s for weddings, proms or returning to the office. But in addition to traditional nested suits in black or navy, unstructured sport coats that can be paired with chinos and lightweight knit shirts have risen in popularity.

More from WWD

That trend was evident during the run up to Father’s Day, when most stores posted solid sales

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Business News

Ex-TikTok executive says Chinese government used app to locate, identify Hong Kong protesters

5 min read

A former executive at ByteDance, the Chinese company that owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong.

Yintao Yu, formerly head of engineering for ByteDance in the United States, says those same people had access to US user data, an allegation that the company denies.

Yu, who worked for the company in 2018, made the allegations in a recent filing for a wrongful dismissal case filed in May in the San Francisco Superior Court. In

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