Restructuring in Fish Packing

Posted by & filed under Corporate Restructuring.

Description: Sardine giant Connors Brothers in Blacks Harbour, New Brunswick, has entered corporate restructuring under the Companies’ Creditors Arrangement Act. Production at the plant continues, good news for suppliers and the up to 800 employees. This is the last plant in North America that still processes the tiny sardines. Date:  November 29, 2019 Source:  cbc.ca… Read more »

Tough quarter at HBC

Posted by & filed under Advanced Accounting, Corporate Restructuring.

Description: A tough quarter: that’s a quick way to summarize the financial results at the Hudson’s Bay Company for the three months ended August 3. HBC’s loss was booked at $984 million. The loss averaged $5.35 per share. Date:  September 12, 2019 Source:  citynews1130.com Link: https://www.citynews1130.com/2019/09/12/hudsons-bay-co-reports-984m-second-quarter-loss-1-9b-in-revenue/ Discussion points:   1) Do you shop at the Bay?… Read more »

Blackberry bounces back

Posted by & filed under Contemporary Business Issues, Corporate Restructuring.

Description:  Once written off for dead, Blackberry stock continues to rise. CEO John Chen has rewritten the Blackberry story by switching emphasis from the hardware market into supply of software. Concentrating on security, Blackberry’s software offers clients data protection in the midst of scary news on the data security front. Hardware now accounts for only… Read more »

Going Private

Posted by & filed under Accounting Principles, Corporate Restructuring.

Description: It appears that the owners of the Canadian arm of Sirius XM radio are planning to take the company private. This means that the US bsed company Sirius  XM Holdings Inc and several major Canadian investors will have to acquire the shares that are publicly held, estimated at over 30 percent of over 100… Read more »

Where is Google going next?

Posted by & filed under Corporate Restructuring, Corporate Social Responsibility, Marketing & Strategy.

Watch the following video Charlie Rose interviews Google CEO Larry Page about his far-off vision for the company. It includes aerial bikeways and internet balloons … and then it gets even more interesting, as Page talks through the company’s recent acquisition of Deep Mind, an AI that is learning some surprising things. Click on Where… Read more »

Corporate tax evasion ‘crackdown’ more bark than bite

Posted by & filed under Accounting Careers, Canadian Economy, Corporate Restructuring, Corporate Social Responsibility, Fraud, Fraud Accounting, Taxation, Taxation & Planning.

Global efforts to stop companies from eroding tax base by moving profits offshore have no teeth, experts say Tax Evasion Tactics In December 2012, demonstrators led a country-wide protest against Starbucks over the coffee chain’s tax evasion tactics. A Reuters investigation found that through the magic of profit shifting, the company had avoided paying any… Read more »

BlackBerry takeover offer buys company time

Posted by & filed under Accounting Careers, Canadian Economy, Corporate Restructuring, Financial Accounting, Managerial Accounting, Marketing & Strategy.

Fairfax Financial-led consortium offering $9 US for each BlackBerry share Fairfax Financial chairman and CEO Prem Watsa speaks at the company’s annual general meeting in Toronto in April 2013. A takeover is necessary to give battered BlackBerry the time it needs to get itself back in order, company watchers say. On Monday, BlackBerry said a consortium… Read more »

PepsiCo follows Coca-Cola with custom drink machines

Posted by & filed under Corporate Restructuring, Marketing & Strategy.

Marketing Strategy     Coke vs. Pepsi   PepsiCo says it plans to start testing a new fountain machine at restaurants that lets people create a variety of flavor combinations, such as strawberry Mountain Dew. The test follows Coca-Cola’s introduction in 2009 of its Freestyle machine, which also lets customers touch a screen to pick from a… Read more »