All Business stories

How does motorcycle racing affect your pension?

The owner of Formula One is looking to diversify its portfolio of ‘vroom vroom sports’ (as we like to call them).

What happened: Liberty Media is in late-stage discussions to buy Dorna Sports — the owner of MotoGP, the world’s top motorcycle road racing league — for a cool €4 billion. 

Class is in session for Spotify

The tuition for Spotify University could be the latest way the streamer gets as much money as it can from its users.

Marineland stays in hot water

Marineland’s marketing team might’ve forgotten to consult the animals before deciding to stick with the famous “Everyone loves Marineland” jingle.

Driving the news: Marineland has denied claims that it’s closing down, despite a tumultuous month that has included animal cruelty charges and reports of two more dead whales, bringing the park’s tally of whale deaths to a gut-wrenching 17 since 2019. 

Cocoa prices are going cuckoo

Warning: the Easter Bunny might be dropping off fewer chocolate eggs than usual this year. 

Driving the news: Over the past year, cocoa futures have surged 250% as suppliers grapple with a historic shortage. After breaking a record high last month, prices have passed US$10,000 per metric tonne, a number that would have been unthinkable just weeks ago. 

Reddit’s IPO was a success. Now what?

Before we get too far into it, let’s answer a burning question: Yes, someone dressed as Reddit’s alien mascot rang the NYSE’s opening bell on Thursday.

Unilever gives ice cream the cold shoulder

Like a vanilla cone on a scorching July day, Unilever’s faith in its ice cream biz is melting.

What happened: Gargantuan multinational Unilever plans to spin off (or if all else fails, sell) its ice cream business by the end of next year. With popular brands like Ben & Jerry’s, Breyers, and Magnum, the new entity would be the world’s largest ice cream company.

LinkedIn wants to add games

Attention all you jobseekers and headhunters out there: Invest in a headset, a gaming chair, and a whole bunch of Mountain Dew Code Red — because LinkedIn is for gamers now. 

What happened: LinkedIn confirmed that it has begun working on games for the platform in a bid to get users to spend more time "networking." Per one app researcher, the games will have a system where companies are ranked by how well their employees do. 

How a Canadian startup fits into Apple’s AI goals

Apple’s latest stealthy acquisition brings a Canadian startup into AI plans that are slowly coming into focus.

Nestlé’s future may involve healthier snacks

In a reversal of the famous slogan, Nestlé’s shareholders are telling the company to take a break from the KitKats. 

Driving the news: Nestlé is facing demands from its shareholders to sell more nutritious foods. The coalition is led by a responsible investing charity that has criticized the world’s biggest food maker for relying too “heavily on sales of less healthy foods.”

Do suits still suit Canada’s menswear sector?

As ‘athleisure’ and ‘quiet luxury’ continue to dominate fashion trends, one Canadian menswear store that made its name with formalwear is trying to keep up with the times.

What happened: The historic Canadian men’s clothier Harry Rosen is launching a five-year, $50 million plan to overhaul its stores across Canada, including making stores better suited (lol) for online pick-ups, condensing display spaces, and showcasing newer, trendier labels.