Direct Loan Canada Blog

Moderna said its Chief Commercial Officer Arpa Garay has stepped down from the role and CEO Stephane Bancel will look over sales and marketing, sending the shares of the vaccine maker down 5% on Tuesday.
Source: ctv business
Moderna commercial officer steps down, CEO to look over vaccine sales

Netflix is set to pull ahead of Disney+ in the race for U.S. advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported plan, an Insider Intelligence report projected.
Source: ctv business
Netflix to squeak past Disney+ in U.S. advertising revenue in 2024: report

Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival hotel chain were rebuffed.
Source: ctv business
Choice Hotels goes hostile in US billion takeover bid for Wyndham after being repeatedly rebuffed

A U.S. federal court jury has decided that Google’s Android app store has been protected by anti-competitive barriers that have damaged smartphone consumers and software developers, dealing a blow to a major pillar of a technology empire.
Source: ctv business
Epic Games wins antitrust lawsuit against Google over barriers to its Android app store

Toy maker Hasbro said Monday it is cutting about 1,100 jobs, or 20 per cent of its workforce, as the malaise in the toy business extends through another holiday shopping season.
Source: ctv business
Hasbro cuts 1,100 jobs, or 20 per cent of its workforce, prompted by the ongoing malaise in the toy business

Profits in the Canadian grocery sector will likely exceed $6 billion in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work. New research by the progressive research institute found that food retailers are now earning more than twice as much profit as they did pre-pandemic.
Source: ctv business
Grocer profits set to exceed record in 2023, expert says, ahead of committee meeting

A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. says all 12 members have submitted resignations over what they say is the company’s failure to acknowledge past wrongs and to follow its recommendations for reconciliation.
Source: ctv business
Indigenous advisory council for CN says railway won’t take responsibility, resigns

TD Bank Group has named Ray Chun as its new group head for Canadian personal banking.
Source: ctv business
TD Bank names Ray Chun as new group head of Canadian personal banking

Manulife Financial Corp. has signed a reinsurance deal with Global Atlantic that it says will free up $1.2 billion in capital that it plans to use to buy back shares. The Toronto-based insurer says it is reinsuring $13 billion of reserves to Global Atlantic and its partners.
Source: ctv business
Manulife signs reinsurance deal with Global Atlantic, plans to buy back shares

BlackBerry Ltd. has promoted John Giamatteo to chief executive and called off plans for an initial public offering of its Internet of Things business, but still plans to split its operations.
Source: ctv business
BlackBerry names new CEO, calls off plans for IPO of Internet of Things business