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Luxury coatmaker to line up banks for IPO

  Bloomberg Canada Goose Inc., the retailer of high-end winter parka coats that can sell for more than $1,000 apiece, has chosen bankers to lead its planned initial public offering, according to people familiar with the matter. Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. will lead the Toronto-based retailer’s offering, the people said, ...

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BP buys jet fuel made from garbage to curb airline pollution

  Bloomberg BP Plc will invest $30 million in Fulcrum BioEnergy Inc., which makes biofuel from garbage, in a new partnership designed to curb airplane pollution. The London-based oil-producer also signed a 10-year deal to buy 500 million gallons (1.9 billion liters) of biofuel from Fulcrum’s North American plants, according to a statement by BP. BP will distribute the aviation ...

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Alphabet taps brakes on drone project

  Bloomberg The latest Google drones have just started taking flight in the real world. But the team behind the technology is slowing down, trimming headcount and shelving initiatives as the experimental unit becomes the latest target of tightening budgets across parent company Alphabet Inc. Project Wing, a unit of Alphabet’s X research lab, nixed a partnership with coffee giant ...

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