Direct Loan Canada Blog

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., to 2027.
Source: ctv business
Ford Motor delays production of electric vehicles at Oakville plant until 2027

With Boeing under increased scrutiny thanks to a string of issues with its 737 Max airliners, some travellers say they’re taking steps to avoid flying in the company’s jets wherever possible.
Source: ctv business
‘It’s just so dangerous’: The travellers who will, and won’t, fly on a Boeing 737 Max

A former BlackBerry Ltd. employee has filed a lawsuit against the company and its new chief executive John Giamatteo, who she claims sexually harassed her and then retaliated against her after she reported the behaviour.
Source: ctv business
BlackBerry CEO sexually harassed senior employee, lawsuit claims

Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. The shareholder vote served as a legacy-defining victory for CEO Bob Iger.
Source: ctv business
Disney trounces activist shareholders in a major win for Bob Iger

Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former U.S. President Donald Trump’s social media business public.
Source: ctv business
Two investors in Trump Media insider trading case plead guilty

Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder.
Source: ctv business
Indigo agrees to go private after sale to holding company

The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year.
Source: ctv business
Greater Toronto home sales down in March but competition pushes prices up: board

Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn’t take lightly, but were necessary to accelerate the company’s goals in the digital media landscape.
Source: ctv business
Bell Media president Sean Cohan says layoffs were necessary to reach company’s goals

WeWork said on Tuesday it aimed to emerge from Chapter 11 bankruptcy in the U.S. and Canada by May 31 and had negotiated more than US$8 billion, or over 40 per cent, reduction in rent commitments from landlords.
Source: ctv business
WeWork targets Chapter 11 exit by May 31, secures US billion in rent reduction

Don Hankey, the chairman and majority shareholder of Knight Specialty Insurance, said that the deal to underwrite former President Donald Trump’s US$175 million bond in N.Y. came together quickly and that Trump posted all cash as collateral.
Source: ctv business
Billionaire whose firm backed Trump’s US5 million bond reveals how the deal came together