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News news archive »

Calgary-based discount airline reports its first quarterly loss in eight years
WestJet Airlines Ltd.'s brash chairman, Clive Beddoe, is shifting the discount carrier's strategy in the cutthroat industry, saying he's prepared to sacrifice revenue to protect market share by expanding its offering of cheap air fares.

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Untitled
Canada's youngest employees are suffering from high levels of depression and anxiety and, unlike their parents, they are demanding help, according to statistics released yesterday.''Younger employees -- the Generation Xers and the Millennials -- are the ones reporting the highest levels of depression and anxiety symptoms, and it looks like it is going from bad to worse,'' said Rod Phillips, president and chief executive officer of employee assistance firm WarrenShepell.

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Suitor KKR may have to sweeten bid
Kohlberg Kravis Roberts and Co. has abruptly cancelled a meeting with bankers set for today to arrange financing for the firm's $3.1-billion bid for Masonite International Corp. The move comes amid speculation that New York-based KKR may have to sweeten its offer of $40.20 a share by as much as $3.30 in order to win approval from Masonite shareholders.

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The family stands apart -- and will reap a fortune -- by moving against the prevailing market wisdom on real estate, JACQUIE McNISH finds
The Reichmanns have made history with famously contrarian bets on real estate. Now they are going to make a fortune.Soon after Paul and Albert Reichmann ventured into commercial real estate from their perch in Toronto in the 1960s, they distinguished themselves by betting against prevailing market wisdom.

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CEO Reichmann says decision to sell does not mean an end to family's real estate run
Philip Reichmann is closing the latest chapter in his family's long love affair with real estate, putting both of OandY's public companies on the block yesterday in a transaction he expects to top $2-billion.

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