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Molson Coors Set to Increase Beer Selection in Canada With Miller Deal

MONTREAL — Molson Coors says it wants to offer Canadians a wider selection of imported beers after closing its $12 billion (U.S.) acquisition of Miller brands that makes it the third-largest global brewer. Several craft and mainstream brands from the United States and Europe — including Leinenkugel, Miller High Life, Sharp’s, Staropramen and Franciscan Well — could make their way …

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Theranos medical-testing Startup Sued by Investors

Theranos Inc. and founder Elizabeth Holmes are being sued for misleading investors while raising $100 million for the medical-testing startup. Partner Investments LP requested, in Delaware state court Monday, that a stock-purchase agreement made with Theranos be rescinded in the wake of scandals involving the Palo Alto, California-based company’s blood-testing capabilities. The hedge fund claims Theranos officials lied about the …

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Is Creating a Reusable Coffee Cup a Planet Saver or a Mug’s Game? Wells

Andrew Brooks isn’t the first business person to gaze upon his years of entrepreneurial obsession and think: “I wish I could go back in time and meet myself and say, ‘Don’t do this.’” By “this” he means his determination to redesign those bulky, environmentally friendly, reusable coffee mugs into a collapsible, tuck-it-in-your-pocket version. “What the world seems to need is …

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Canada Faces Hard Truth on Global Performance: Wells

Canada, we’ve got a problem. Dominic Barton did not deploy that precise phrase in the speech he delivered in Toronto this week, but it’s a reasonable distillation of the message coming from the chair of Canada’s Advisory Council on Economic Growth. We are not doing very well on foreign direct investment — the Organization for Economic Co-operation and Development (OECD) …

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Is Canada a World Leader on Climate Change?: Olive

Will the world follow Canada’s example in fighting climate change? It should, according to the editorial board of Bloomberg News. Prime Minister Justin Trudeau ruffled feathers last week by giving the provinces and territories two years to sharply cut carbon emissions to achieve targets to which Canada committed itself at last year’s global-warming conference in Paris. Fortunately, even those Canadian …

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When Startups Fail, Employees and Customers are often hit Hard

SAN JOSE, CALIF.—Silicon Valley has long lured ambitious entrepreneurs into shiny co-working spaces and startup accelerators, promising them the chance to create the next Google, Facebook or Uber. But the reality is most startups fail, a risk that some say is growing as funding that once poured into the booming tech market begins to slow. For founders and employees, the …

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Toronto Startup Edges Closer to Cashless Future With its Mobile Wallet

Liberty Villagers have been leaving their wallets in their condos when they buy tools from the hardware store, stop in for sushi or purchase bouquets from the florist as part of a local currency experiment that could be a breeding ground for a cashless future. The university campus-like Toronto enclave has been a “working lab” for MintChip, the digital currency …

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Probability of Netflix entering Chinese market ‘doesn’t look good,’ CEO says

Netflix Inc.’s likelihood of entering the Chinese market, one of the few countries where it doesn’t offer streaming video service, “doesn’t look good,” Chief Executive Officer Reed Hastings said. “We’re focused on the rest of the world,” Hastings said Friday at the New Yorker TechFest in New York. “Disney, who is very good in China, had their movie service shut …

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Samsung stops production of Galaxy Note 7 after reports of devices catching fire

SEOUL, SOUTH KOREA—South Korea’s Yonhap news agency says that Samsung Electronics has temporarily halted production of Galaxy Note 7 smartphones. Citing an unnamed official at a Samsung supplier on Monday, Yonhap reported that the tech giant took the unprecedented measure for consumer safety. The move comes after reports that Samsung’s replacement devices had, like those initially released, caught fire. The …

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Canadian Drugmaker Concordia Faces Their Biggest one-day Decline

Concordia International Corp.’s $6.5 billion debt-fueled acquisition spree is coming back to haunt the drugmaker’s lenders. Bonds of the junk-rated company lost about $245 million Monday, in their biggest one-day decline, after the company posted disappointing third-quarter earnings results and suspended its forecast. The Canadian drugmaker’s biggest note now yields about 28.5 per cent, which is close to what investors …

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