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Tag Archives: deal

Why Delta’s great deal on a Boeing 777 may not point to a ‘huge bubble’ in aircraft


The CEO of Delta Air Lines Inc. made waves in the aviation industry shortly before Christmas when he said he had signed a letter of intent to buy a used Boeing 777 for just US$7.7 million — a 97 per cent discount from the list price of a new one. …

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OPEC makes strongest plea yet for deal with rivals to stop oil’s 72% free fall


The Organization of Petroleum Exporting Countries has issued its strongest plea to date for a pact with Russia and other rival producers to cut crude output and halt the collapse in prices. Forget the glut, even market insiders are saying oil has entered irrational territory Oil trading has become detached …

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Sun Life pension deal creates mega group annuity


It took about a year of discussions and negotiations; it was incredibly innovative and understood to be the first of its kind in Canada. But when it was all over two Canadian pension funds — whose names have not been disclosed — paid Sun Life Assurance Company of Canada a …

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Adidas to end IAAF sponsorship deal four years early in wake of doping scandal: BBC


LONDON — German sportswear company Adidas AG is to end its sponsorship deal with the International Association of Athletics Federations (IAAF) almost four years early because of the scandal surrounding the sport, the BBC reported on Sunday. The BBC said Adidas, whose 11-year deal made it the biggest sponsor of …

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More frustration for Bombardier Inc: Airbus inks US$25B deal to sell 118 planes to Iran


France’s Airbus Group SE agreed to sell 118 aircraft to Iran Thursday, intensifying Canadian firms’ frustration that their competitors are already notching big orders while they sit and wait for sanctions to lift. Bombardier falls to penny stock for the first time in 25 years, threatening TSX listing: 'A disaster' …

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Pension funds hope for better deal in de-risking marketplace


A pension risk exchange — an online marketplace that aims to bring those defined benefit pension plans looking to purchase de-risking annuities with those that provide such products – has arrived in Canada. This week saw the unveiling of the Mercer Pension Risk Exchange, which has the modest objective of …

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There’s one place where OPEC can’t broker an oil deal: The fracking heartland of Texas


Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With 4,000 wells drilled and just waiting …

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Deal to privatize Opta Minerals raises concerns for minority shareholders


Welcome to Canada, where it seems the rules as practiced favour issuers, insiders and the agents who service them. The rights of shareholders, the other group required for capital formation, seem a long way down the list — and further down when minority shareholders are the spotlight. The latest example …

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Canada’s next ‘gold-plated trade deal’ with European Union getting closer to reality


OTTAWA — Now that Canada and the European Union have “scrubbed” the legal text of their long-promised free-trade agreement, governments on both sides of the Atlantic are starting to put a shine on the deal as it heads to ratification and signing later this year. The Comprehensive Economic and Trade …

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Selling group firms cut out of Enbridge Inc deal


Rumblings from Enbridge’s $2 billion equity financing — a deal that’s expected to be upsized by 15 per cent and that closes Tuesday — continue. One rumbling concerns the way in which the stock was allocated. With a cast of 17 firms, four more dealers were involved this time compared …

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