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Tim Hortons Inc

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  • VANCOUVER, Nov 21- The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday. In August, Burger King agreed to buy Tim Hortons in a transaction which would create the world's third-largest...

  • VANCOUVER, Nov 21- The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday. Canada's Competition Bureau had last month already given its stamp of approval to the C $12.64 billion deal.

  • The White House last week announced Antonio Weiss, a top official at investment bank Lazard, as Obama's choice to be the Treasury's under secretary for domestic finance. An aide to Senator Dick Durbin, the No. 2 Senate Democrat, said the lawmaker opposes Weiss because of Lazard's work advising on recent high-profile inversions. Congress is only in session for a...

  • TORONTO, Nov 5- Profit at Canadian coffee and doughnut chain Tim Hortons Inc, which is being bought by Burger King Worldwide Inc, beat market estimates in the third quarter as customers opted for the more expensive items on the company's menu. Net income fell about 14 percent, however, mostly due to costs related to U.S. fast-food chain Burger King's C $12.64 billion...

  • Nov 5- Canadian coffee and doughnut chain Tim Hortons Inc's third-quarter profit handily beat market estimates, as same-store sales got a boost from customers buying more expensive menu items. Excluding items, Tim Hortons earned 95 Canadian cents per share, ahead of the average analysts' estimate of 88 Canadian cents per share, according to Thomson Reuters...

  • Nov 5- Canadian coffee chain Tim Hortons Inc's quarterly net profit fell about 14 percent due to C $27.3 million in costs related to its proposed takeover by Burger King Worldwide Inc.. Tim Hortons' same-store sales in Canada rose 3.5 percent in the third quarter ended Sept. 28 and 6.8 percent in the United States. Burger King said in August it would buy Tim Hortons...

  • Nov 4- Burger King Worldwide Inc posted its strongest growth in quarterly same-restaurant sales in North America in two years, at a time larger rival McDonald's Corp is struggling in the highly competitive market. Burger King's same-restaurant sales in the United States and Canada rose 3.6 percent in the third quarter, driven by the reintroduction of Chicken...

  • Nov 4- Burger King Worldwide Inc reported its highest quarterly growth in North America same-restaurant sales in two years, driven by the reintroduction of Chicken Fries and strong sales of the BBQ Bacon Whopper burger. The company, which is acquiring Canadian coffee chain Tim Hortons Inc, said North America same-restaurant sales rose 3.6 percent in the third...

  • TORONTO, Oct 28- Canada's Competition Bureau said on Tuesday it has approved Burger King Worldwide Inc's acquisition of Canadian coffee chain Tim Hortons Inc.. The competition watchdog said it issued a "no action letter" after concluding that the deal is unlikely to substantially lessen competition. It noted that the deal is subject to other regulatory...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • Buffett: I bought stocks in Wednesday's big selloff Thursday, 2 Oct 2014 | 9:46 AM ET
    Warren Buffett

    Warren Buffett won't name names, but he told CNBC the companies were "names you'd recognize."

  • Warren Buffett gets into auto dealers in big way Thursday, 2 Oct 2014 | 8:24 AM ET
    Warren Buffett

    The billionaire investor announces on CNBC he's buying Van Tuyl Group, the nation's largest privately held car dealership chain.

  • Canadian finance minister says country not a tax haven Tuesday, 30 Sep 2014 | 5:05 PM ET

    TORONTO, Sept 30- Canada is not a tax haven but its government is always looking to make the country more attractive to foreign investors, Canadian Finance Minister Joe Oliver said on Tuesday. Last month, Burger King Worldwide Inc proposed an $11.5 billion cash-and-stock acquisition of Canada's Tim Hortons Inc..

  • Sept 23- Moody's Investors Service said it may review the credit implications for pending tax-inversion deals in the healthcare and pharmaceutical sector if U.S. Affected companies include Medtronic Inc, Mylan Inc, Salix Pharmaceuticals, Auxilium Pharmaceuticals and AbbVie Inc..

  • *Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.

  • Midday movers: AbbVie, Burger King, CarMax & more Tuesday, 23 Sep 2014 | 12:49 PM ET

    Some of Tuesday's midday movers:

  • *May deter Pfizer from returning to bid for AstraZeneca. LONDON, Sept 23- Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. The move could jeopardize an agreed deal for AbbVie to buy Shire for $55 billion and deter Pfizer from making another attempt to acquire AstraZeneca, after a $118 billion takeover attempt failed in May.

  • Drug company shares pummeled by US tax moves Tuesday, 23 Sep 2014 | 5:55 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Shares in drugmakers AstraZeneca and Shire both fell more than 5 percent after the U.S. Treasury took steps to curb "inversion" deals.