Six Unions; Only One Contract

Posted by & filed under Financial Accounting, Student life.

Description: Workers at six Starbucks locations in Alberta and British Columbia have formed unions. But so far, only in one store in Victoria has the new union actually reached a collective agreement with management. Until that first contract is in place, union members do not pay dues. It will be interesting to watch ongoing developments… Read more »

Swift Rebuke

Posted by & filed under Financial Accounting, Marketing & Strategy.

Description: Taylor Swift called it “excruciating.” That’s her take on the fiasco that saw frustrated fans struggling to secure tickets for her upcoming tour after waiting it out for hours. Swift and others see this as a signal that Ticketmaster – and its parent company Live Nation – are broken. Calls are emerging to investigate… Read more »

Private Equity Firm Buying Rona

Posted by & filed under Financial Accounting.

Description: Sycamore Partners, a private equity firm located in New York, is buying retailer Rona, along with several related parties, from Lowes. Lowes said it is making the sale in a move to simplify its business model. Sycamore is paying $400 million for the deal along with additional compensation that will depend upon performance. Date:… Read more »

Quiet Firing

Posted by & filed under Accounting Careers, Financial Accounting.

Description: On September 6, this blog featured a post on the trend of quiet quitting. Now comes the flip side: quiet firing. Nita Chhinzer a professor at the University of Guelph, speaks of employers who make “the workplace such a difficult environment that the employee feels that they have no choice but to leave,” saving… Read more »

Get Ready for Fees

Posted by & filed under Financial Accounting, Student life.

Description: Starting October 6, Canadian merchants are permitted to pass along credit card fees to consumers. In fact, Telus has already announced that it will do so. But retail watcher Bruce Winder said he does not see most restaurants and or retailers passing these fees along, fearing a possible customer backlash in an inflationary environment…. Read more »

1.42 Billion Chicken Wings

Posted by & filed under Financial Accounting, Student life.

Description: 1.42 Billion Chicken Wings: that’s a whole lot of chicken projected to be eaten in the United States on Super Bowl Sunday. Though prices are up over last year, the good news from the National Chicken Council (NCC) is that there are no fears of a wing shortage, unlike the situation accompanying last year’s… Read more »

$200 Billion Wipeout!

Posted by & filed under Financial Accounting.

Description: Meta – that company you probably still think of as Facebook – scared off investors this week, with projections of weakening revenues and higher costs. The market quickly cast its verdict, driving the market value of Meta down $200 billion. It appears that the metaverse might be a costly venture. Analyst Debra Aho Williamson… Read more »

Microsoft Acquires Activision

Posted by & filed under Financial Accounting, Student life.

Description: Big Tech giant Microsoft wants to grow bigger. Tuesday of last week Microsoft announced it is acquiring video game maker Activision in a cash deal totaling almost $69 billion. Activision’s products offer an advantage to Microsoft in the emerging virtual world. Some U.S. regulators are signalling, however, that they may take a hard look… Read more »

Suncor Buys Back Stock

Posted by & filed under Financial Accounting.

Description: With petroleum prices on the upswing, Suncor Energy is rewarding its shareholders by doubling its quarterly dividend. Early in the pandemic, Suncor reduced its dividend by 50%, but with an operating income of over $1 billion in the latest quarter, the energy producer saw this as a good time to put cash back in… Read more »