Warren Buffett took Occidental CEO ‘to the cleaners,’ says Carl Icahn

Occidental Petroleum Corp.’s leaders hastily put together its $38 billion deal for Anadarko Petroleum Corp. in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.Occidental Chief Executive Officer Vicki Hollub and Chairman Eugene Batchelder appear to have negotiated the “extremely risky” transaction because they were worried their oil and…

Aimia sues finest shareholder, alleges it engineered ‘covert campaign’ to glean adjust of company

Aimia Inc. has launched a lawsuit against a New York-based investment firm, the company’s largest shareholder, alleging it violated a contractual detente by engineering a “covert campaign” to disrupt the company’s 2019 annual general meeting.The loyalty rewards company, best known for once operating the Aeroplan program before selling it to Air Canada, is seeking $50…

CannTrust submits response to Health Canada, names particular committee to probe unlicensed rising

Beleaguered licensed producer CannTrust Holdings Inc. confirmed today that it had submitted a full report to Health Canada on unlicensed growing activities at its Pelham, Ont. facility, and is awaiting the department’s response which will potentially include additional “compliance and enforcement action.”“The Company, under the Special Committee’s supervision, is continuing to engage with Health Canada…

Trump’s strengthen in agricultural communities is deepening the agricultural-metropolis divide

On June 21, the Washington Post published an article about how some “once-loyal farmers” were beginning to doubt U.S. President Donald Trump.The article looked at the political and environmental challenges South Dakota farmer Ray Martinmaas and others are facing this growing season, such as the U.S.’s deteriorating trade relationships and, in the case of Martinmaas’s…

How one Canadian firm crooked and turned, but couldn’t shatter out Trump’s tariff crossfire

Part of an ongoing series that looks at changes one year after the global trade wars ignited.In June 2017, Cambridge, Ont.-based Canadian General-Tower Ltd. had seemingly landed on the right side of U.S. President Donald Trump’s “America First” trade war.Craig Richardson, the affable chief executive of CGT — which supplies coated fabrics to the North…