Month: May 2023

Shopify offloads logistics business to Flexport

The brand of Shopify is seen exterior its headquarters in Ottawa, Ontario, Canada, Sept. 28, 2018. Chris Wattie | Reuters Shopify is promoting its logistics unit to provide chain know-how firm Flexport, the businesses introduced Thursday. The sale marks a reversal for Shopify, which had spent years constructing out its personal logistics and order-fulfillment operations. […]

Canada’s TD Bank scraps deal for US lender First Horizon

Canada’s TD Financial institution is scrapping its deliberate $13.4bn acquisition of US lender First Horizon, the businesses stated on Thursday. The deal, which was first introduced in February 2022, had been in regulatory limbo for months, with the closing repeatedly delayed. US politicians had raised considerations about TD, which is Canada’s second-largest financial institution, changing […]

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