Aphria profit didn’t come from selling marijuana

Aphria Inc.’s profits are about the paper, not the pot. The Canadian cannabis producer reported its second consecutive quarter of profitability early Tuesday, posting net income of C$16.4 million on sales of C$126.1 million. But the company’s profits weren’t the result of a massive windfall in its cannabis business, instead coming from Aphria’s previously sliding stock price and a shift […]

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SmileDirectClub stock slides 10% as California Gov. Newsom signs law to change ‘teledentistry’ rules

SmileDirectClub shares tumbled 10% on Monday, bringing their one-month loss to 46%, after California Gov. Gavin Newsom signed a bill into law that includes key changes in the regulation of the company’s “teledentistry” business model. Bill 1519, a sunset bill for the Dental Board of California that extends its operations until Jan. 1, 2024, was signed late Sunday and will […]

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RBI rejects Indiabulls Housing, Lakshmi Vilas Bank merger deal

Negative feedback from investigative agencies could be a reason The Reserve Bank of India (RBI) has rejected the merger proposal of Indiabulls Housing Finance and Lakshmi Vilas bank (LVB), the latter said in a regulatory filing on Wednesday. “… this is to inform that RBI vide letter dated October 9, 2019, informed that the application for voluntary amalgamation of Indiabulls […]

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Crisis-hit Nissan names China unit head Makoto Uchida as new CEO

The board also announced that India-born Ashwani Gupta would be appointed Nissan’s chief operating officer Crisis-hit Japanese automaker Nissan on October 8 named Makoto Uchida as new chief executive, elevating the insider currently heading the firm’s China unit as it overhauls its leadership after the Carlos Ghosn scandal. The board also announced that India-born Ashwani Gupta, currently at Nissan partner […]

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Online publisher Group Nine to acquire PopSugar

Discovery Inc.-backed digital publisher Group Nine Media has agreed to acquire women-focused publisher PopSugar, the companies said, the latest merger among new-media firms hoping that greater scale will help them sell online ads, where Facebook Inc. and Alphabet Inc.’s Google dominate. The all-stock deal values PopSugar at more than $300 million, according to people familiar with the matter, and will […]

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Nike CEO knew about testosterone tests on runners — what this could mean for him and the stock

NEW YORK (AP) — Nike CEO Mark Parker’s involvement in a doping scandal that brought down renowned track coach Alberto Salazar raises questions about whether the company — or Parker — will face any repercussions. Salazar and a doctor received a four-year ban from the sport from the U.S. Anti-Doping Agency for possessing and trafficking testosterone while training top runners […]

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Clorox will attach environmental, animal-testing goals to executive compensation

Clorox Co. has set new goals to cut plastic in its products, lower emissions and avoid animal testing, which it says will be tied to the compensation of the company’s chairman and chief executive. Clorox’s CLX, -1.04% decision to tie executive pay to sustainability goals follows in the footsteps of oil companies Royal Dutch Shell PLCRDS.A, -2.90%RDS.B, -3.61% and BP PLCBP, -3.09% . […]

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