Funds articles

Cara finally lands the Keg in $200M deal

Cara finally lands the Keg in $200M deal

Bill Gregson, president and CEO of Cara Operations, left, and David Aisenstat, president and CEO of Keg Restaurants Ltd. speak during a press conference in Toronto.THE CANADIAN PRESS/Christopher Katsarov TORONTO — Cara Operations Ltd. has further solidified its foothold in a more upscale dining mass market, acquiring Keg Restaurants Ltd. more than two decades after setting

Mogo Finance Technology Inc. to lease bitcoin mining machines as part of blockchain initiative

Mogo Finance Technology Inc. has reached an agreement with DMG Blockchain Solutions to lease 1,000 bitcoin mining machines. This will allow the Vancouver-based fintech company’s new subsidiary, Mogo Blockchain Technology Inc., to begin bitcoin mining later this quarter. “The biggest use cases and revenue-generating cases for blockchain are bitcoin mining, and buying and selling bitcoin.

China vows to save its banks from failure when bubble bursts

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, speaks at the World Economic Forum in Davos.Jason Alden/Bloomberg DAVOS — China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail. Beijing says

Amazon Go, cashier-less convenience store catering to affluent millennials, finally opens to the public

After more than a year of testing with an employee-only focus group, Amazon Go opens to the public Monday in downtown Seattle.Amazon via AP You won’t find a squeaking hot dog rotisserie in Inc.’s cashier-less convenience store. Instead, you’ll see Mediterranean lamb sandwiches, fresh salads and to-go containers of cubed pineapple and melon. After

Road to ruin? Carillion collapse puts spotlight on U.K. outsourcing model

A padlock sits on fencing surrounding the Midland Metropolitan Hospital construction site, operated by Carillion Plc, in Smethwick, U.K.James Beck/Bloomberg LONDON/BALMEDIE, Scotland — In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week.