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Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy

The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the US and Canada. Illinois-based Instant Brands said Monday that it has “initiated a voluntary court-supervised Chapter 11 process,” due to an unmanageable debt load. “Tightening of credit terms and higher interest rates impacted our liquidity levels […]

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Air Canada briefly grounds flights due to computer system problem – Business News

Glitch grounds flights The Canadian Press – May 25, 2023 / 11:06 am | Stories: 428570 Photo: The Canadian Press Air Canada planes sit on the tarmac at Pearson International Airport in Toronto on Wednesday, April 8, 2020. THE CANADIAN PRESS/Nathan Denette Air Canada briefly grounded its planes Thursday due to a problem with its

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Google, Meta executives push back against Canada online news bill

[1/2] A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren TORONTO, May 3 (Reuters) – Google and Meta would withdraw access to news articles in Canada if legislation compelling internet companies to pay news publishers is passed, company executives told Canadian

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Chile’s plan for state control in lithium dismays business

SANTIAGO, Chile (AP) — The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests. President Gabriel Boric announced in a national broadcast Thursday night that private companies

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Facebook has 3 billion users – many of them are old – Business News

Photo: The Canadian Press Facebook says it’s not dead. Facebook also wants you to know that it’s not just for “old people,” as young people have been saying for years. Now, with the biggest thorn in its side — TikTok — facing heightened government scrutiny amid growing tensions between the US and China, Facebook could,

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Strong consumer interest seen in Mondelez snacking survey

CHICAGO — Rising costs and economic setbacks haven’t been enough to deter strong consumer interest in snacking, according to Mondelez International, Inc.’s fourth annual State of Snacking report. The report, released Jan. 16, analyzed global consumer snacking habits and decisions. Overall, the report revealed a maintained interest in snacking that continues to increase. Like in

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