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DealBook » Ally's Sale of Canadian Arm Aims to Repay Bailout | Ally Financial took its biggest step yet to slim down while raising money to repay its $17.2 billion taxpayer-financed bailout after it agreed to sell its Canadian operations to the Royal Bank of Canada for about $4.1 billion.
The company also said it would spin off a portion of its Canadian operations.
Asked whether it plans to follow the lead of its Canadian operations in the United States, Wal-Mart said in a statement, "We are working to expand our BPA-free offerings and expect the entire assortment of baby bottles to be BPA-free sometime early next year".
For Target, excess inventory at its Canadian operations posed a particular challenge in the third quarter.
Forest Oil rose after announcing an initial public offering of its Canadian operations.
Raymond Reid joined Neo@Ogilvy, part of the Ogilvy & Mather Worldwide unit of WPP, as managing director for Toronto, leading its Canadian operations.
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Earlier this year, the U.S. telecom giant combined its Canadian operation with Metronet, which it acquired last year, to form at&t Canada.
The company's U.S. production ceased in 1963, and that of its Canadian operation in 1966.
Despite the steelworkers' unhappy experience in Windsor in the 1990's, Michael J. Fraser, the Canadian national director of the food and commercial workers union, said his organization decided to make a target of Wal-Mart when its Canadian operation began expanding into the grocery business.
When customers wondered if McDonalds used pink goop in its Chicken McNuggets, its Canadian operation answered with a video that transparently answered those concerns by explaining what the nuggets actually contained.
JDE Inc.: Unable to turn around its troubled Canadian operations, the.
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