One of the biggest Canadian business stories of the past week – if not the past year – has to be the announcement last week that Burger King and private equity firm 3G Capital are purchasing Canada’s favourite coffee chain, Tim Hortons. The price: a whopper-sized $12.5 billion. According to the National Post, the combined… Read more »
Posts Categorized: Advanced Accounting
Tweed a new kind of Business!
From Chocolate to What! Feb 18, 2014 — When Hershey’s had a plant in Smiths Falls, Ontario, you could smell chocolate from miles away. But not a single chocolate bar has rolled off the line since the plant closed in 2008, one of six employers to leave the town at the same time. Now, Smiths Falls,… Read more »
Tim Hortons plans 800 more restaurants
Increase in Tim Hortons Franchises Tim Hortons has laid out an ambitious plan to add 800 more franchise outlets by 2018, the latest shot in an escalating war to stay on top of the quick breakfast and coffee market. The TSX-listed company said Tuesday it will add as many as 300 new locations in… Read more »
Bitcoin: Be prepared for the rise of digital currency
One bitcoin is worth $720 Cdn Each day, Lorne Lantz buys his lunch with bitcoin. Some say the burgeoning digital currency has no real value — but his sandwiches say otherwise. Cryptocurrency? Bitcoins and other “cryptocurrency” have started to rise from the fringes of the internet to the cusp of mainstream use — a remarkable… Read more »
Super Bowl commercials 2014: This year’s best , Expense or Capitalize Advertising Costs?
Who won the ad game during Super Bowl 2014? Millions gathered around television sets Sunday evening to watch the Seattle Seahawks take down the Denver Broncos in an easy 43-8 victory, but for many of those revellers the outcome of the game was secondary to the annual crop of splashy, big-budget Super Bowl ads. Commanding… Read more »
Nortel patents at issue in suits against Google, Huawei
The group that owns thousands of patents for technology developed by defunct Canadian telecom company Nortel filed patent lawsuits Thursday against Google, Samsung, HTC and Huawei. Rockstar, an Ottawa-based company that is co-owned by Apple, Microsoft, BlackBerry, Ericsson and Sony, claims that protected Nortel technology underlies some of Google’s search technology. Rockstar bought the portfolio… Read more »
Google stock breaks $1,000 barrier
Google stock breaks $1,000 barrier Strong third-quarter results have sent Google’s stock past the $1,000 US mark for the first time. Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 per cent to $1,007.40 US in heavy trading before edging back down to $1,000 later in the morning. The Nasdaq-listed stock… Read more »
SeaWorld stock makes a splash in 1st day of IPO
Stock rises 19.6 per cent in Friday afternoon trading on New York Stock Exchange SeaWorld Entertainment Inc. made a splash Friday in its first day of trading on the New York Stock Exchange. Shares of the owner of theme parks famous for water shows featuring killer whales and dolphins jumped $5.29 US, or 19.6 per… Read more »
Managing the message: Canada’s new anti-spam law sets a high bar
Managing the message: Canada’s new anti-spam law sets a high bar New laws target electronic communications Canada’s Anti-Spam Law (CASL), expected to come into force in 2013, will be one of the toughest of its kind in the world. Texts, tweets, Facebook posts and emails will all fall under its purview. In fact, CASL and… Read more »
Going concern: When should the watchdog bark?
International accounting standards definition of Going Concern: ‘a going concern … will continue in operation for the foreseeable future … [and] … has neither the intention nor the need to liquidate or curtail materially the scale of its operations’ The purposes of the going concern assessment: To determine whether the financial statements give a true… Read more »