Skip to main content

Joanna Wnuk/Getty Images/Hemera

Can't-miss stories from the web

Steady as she goes
The rejection of the Petronas-Progress Energy Resources deal hasn't dampened CNOOC Ltd.'s expectations of its bid for Nexen Inc.

CNOOC CFO Zhong Hua told a conference call on Tuesday that he expects the Nexen deal to be completed within the year. He added that the state-owned enterprise has prepared for all possible outcomes of the bid.

Story continues below advertisement

Meanwhile, Albertans are increasingly wary of Chinese control of oil sands assets

Yelp's first deal
Yelp buys its European competitor Qype for $50-million.

Nike unloads Umbro
Nike said on Wednesday that it plans to sell its Umbro soccer brand to the Iconix Brand Group for $225-million (U.S.) in an effort to slim down its product offerings.

Are hedge funds ever expensive?
Like realtors, hedge fund proponents would have you believe it's ALWAYS a good time to invest.

The next generation of pre-IPO financing?
Buyout firms have a new strategy for reducing portfolio company debt.

Report an error Licensing Options
About the Author
Streetwise editor

Jody White is the web editor for Streetwise. He previously worked as a senior editor at Canadian Business Online and has written for MoneySense Magazine, Maclean's, the National Post and other national publications. More


The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at