Connect to share and comment

Tim Hortons to buy back about $70 million worth of stock from unidentified seller

OAKVILLE, Ont. - Tim Hortons Inc. (TSX:THI) says it has agreed to buy back up to 1.27 million of its common shares in stages from an unidentified seller by the end of this month. The cost of the stock buyback wasn't disclosed by the restaurant company but its shares closed Monday at $55.65 on the Toronto Stock Exchange, putting the pricetag for a maximum purchase at about $70 million.

Bleary-eyed Alberta politicians debate until dawn as spring sitting set to wrap

EDMONTON - There are some bleary eyes in the legislature today after politicians stayed up until almost dawn debating amendments to legislation. Politicians worked until after 4 a.m. discussing, among other issues, the proposed Children First Act. The bill makes clear that police, social workers, educators and foster parents can share information on youngsters in need. But the privacy commissioner and some opponents say the proposed law would need more safeguards to ensure private information didn't fall into the wrong hands.

Idaho spud giant bets on biotech potatoes 12 years after similar Monsanto push failed

BOISE, Idaho - A dozen years after a customer revolt forced Monsanto to ditch its genetically engineered potato, an Idaho company aims to resurrect high-tech spuds. This month, tuber processing giant J.R. Simplot Co. asked the U.S. government to approve five varieties of biotech potatoes. They're engineered not to develop ugly black bruises — McDonald's, which gets many of its fries from Simplot, rejects those. They're also designed to have less of a natural but potentially cancer-causing neurotoxin, acrylamide.

Jamie Oliver opens 'pop-up' American diner in London

Jamie Oliver has opened an American-style pop-up diner in London that will serve gourmet hot dogs, milkshakes, sliders and pancakes for the next three years in the heart of the city’s Theatre District. Announced in a blog post this month, Jamie’s Diner is strategically positioned on Shaftesbury Avenue in an area of high foot traffic and will cater both to daytime crowds and peckish after-theater-goers as it will be open late into the night.

Jamie Oliver opens 'pop-up' American diner in London

Jamie Oliver has opened an American-style pop-up diner in London that will serve gourmet hot dogs, milkshakes, sliders and pancakes for the next three years in the heart of the city’s Theatre District. Announced in a blog post this month, Jamie’s Diner is strategically positioned on Shaftesbury Avenue in an area of high foot traffic and will cater both to daytime crowds and peckish after-theater-goers as it will be open late into the night.

Venezuela's biggest food maker hits back at government, denies blame for food shortages

CARACAS, Venezuela - Venezuela's biggest food company on Monday hit back at President Nicolas Maduro's claims that it's to blame for the country's persistent food shortages. The chief executive of Empresas Polar, Lorenzo Mendoza, rejected accusations by the president that the company has reduced production and is hoarding products to create scarcity. "The accusations that we are producing less than last year are false," Mendoza told reporters. "I presume that President Nicolas Maduro is not well informed about the situation and about what's happening."

KFC China sales crash 36% in April on bird flu fears

Sales of fast food giant KFC in China slumped an estimated 36 percent last month, according to parent Yum! Brands, as consumers shunned chicken due to the H7N9 bird flu outbreak in humans. For Yum overall, which includes other restaurant chains such as Pizza Hut, Chinese same-store sales -- a measure of turnover in established outlets -- fell an estimated 29 percent in April, according to an exchange filing on Friday.

Carrots and turnips make music in Madrid veg market

With a pumpkin for a drum, carrots for flutes and turnips for trumpets, musicians from Vienna transformed the fresh goods in a Madrid market into honking, whistling instruments on Monday. Visiting members of the Vienna Vegetable Orchestra marked the centenary of the San Miguel market in the centre of the Spanish capital by taking saws and drills to its vegetables, coring and boring holes in them to make wind instruments. "The vegetables have to be fresh, and we basically work with all kinds of vegetables," said Ulrich Troyer, one of the group's 10 or so members.

Maritime fisheries ministers hope to meet to discuss lobster pricing

Fisheries ministers in the Maritimes say they plan to sit down and examine the pricing structure for lobsters as fishermen continue to tie up their boats to protest slumping prices. Nova Scotia Fisheries Minister Sterling Belliveau said Monday he is trying to set up a meeting with his counterparts from P.E.I. and New Brunswick later this week. Belliveau met with fishermen from throughout Nova Scotia to come up with ways to resolve the ongoing dispute, get fishermen back on the water and probe a pricing system that has frustrated lobster harvesters for years.

McDonald's adding 3 new Quarter Pounders as it phases out third-pound Angus burgers

NEW YORK, N.Y. - McDonald's is adding three new Quarter Pounders to its menu as the fast-food chain looks to offer cheaper premium burgers while capitalizing on one of its most popular brands. The company, based in Oak Brook, Ill., says the new burgers will replace its meatier Angus Third Pounders, which were among the most expensive items on its menu at around $4 to $5. The Quarter Pounders will come in two of the same varieties as the Angus burgers — Bacon and Cheese and Deluxe. The third option will be Habanero Ranch.
Syndicate content