[ad_1] SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) (CBA.AX) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency. FILE PHOTO: The logo for the Commonwealth Bank of Australia adorns their head office in central Sydney, Australia, October 12, 2017. REUTERS/David Gray/File…
[ad_1] SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018, citing rising fuel and labor costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in…
[ad_1] SINGAPORE (Reuters) – U.S. crude oil futures dipped for a third consecutive session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File…
[ad_1] BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds maker Monsanto (MON.N). FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24,…
[ad_1] WASHINGTON (Reuters) – Trade frictions between the United States and Canada are a “family quarrel,” President Donald Trump’s economic adviser said on Sunday, brushing aside concerns expressed by Canadian Prime Minister Justin Trudeau as an overreaction. Canada’s Prime Minister Justin Trudeau takes part in a news conference in Ottawa, Ontario, Canada, May 31, 2018.…
[ad_1] BERLIN (Reuters) – Germany’s Angela Merkel has offered her most detailed response to French President Emmanuel Macron’s ideas for reforming Europe, seeking to avert a damaging rift with Paris at a time of high anxiety over Italy and growing transatlantic tensions. FILE PHOTO: French President Emmanuel Macron and German Chancellor Angela Merkel talk after…
[ad_1] RIYADH (Reuters) – OPEC and non-OPEC Arab oil ministers stressed the need for continued cooperation between oil producers who are part of a pact for a global supply cut that is due to expire at the end of 2018, Kuwait’s state news agency KUNA reported on Sunday. FILE PHOTO: A flag with the Organization…
[ad_1] BERLIN (Reuters) – Bayer’s planned $62.5 billion takeover of seeds maker Monsanto is set to close on Thursday, Germany’s Frankfurter Allgemeine Sonntags Zeitung reported. FILE PHOTO: A woman uses a Monsanto’s Roundup weedkiller spray without glyphosate in a garden in Ercuis near Paris, France, May 6, 2018. REUTERS/Benoit Tessier A Bayer spokesman declined to…
[ad_1] BEIJING (Reuters) – China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. U.S. Commerce Secretary Wilbur Ross, left, shakes hands with Chinese…
[ad_1] THOOTHUKUDI, India (Reuters) – Eleven days after police in southern India fired on protesters seeking the shutdown of a copper smelter owned by London-listed Vedanta (VED.L), killing 13, residents say people suspected of involvement in the demonstrations are being targeted in a wave of arrests. FILE PHOTO: Government officials seal a copper smelter controlled…
[ad_1] When Bill Morneau said the federal government would spend $4.5 billion to buy Kinder Morgan’s Trans Mountain pipeline assets and proceed with the contentious expansion, the finance minister was also making a statement about Canada as place to do business. “It means greater investor confidence,” Morneau told reporters Tuesday. It’s a point made several times in recent days,…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Stolen Canadian bank data If you bank with BMO or CIBC-owned Simplii Financial, you may have been one of the unlucky customers whose account was hacked. Fraudsters threatened to release the financial information…
[ad_1] LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot…
[ad_1] BEIJING (Reuters) – China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. U.S. Commerce Secretary Wilbur Ross, left, shakes hands with Chinese…
[ad_1] SYDNEY (Reuters) – Global airlines and aviation executives warned on Sunday about growing international trade tensions, saying they could damage the airline industry and the world economy. FILE PHOTO: International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac speaks during the Global Media Day in Geneva, Switzerland December 5, 2017. REUTERS/Pierre…
[ad_1] SYDNEY (Reuters) – Trade tensions could dampen economic growth and have a negative impact on travel demand, especially for lucrative business travel that drives airlines’ profits, aviation industry executives said on Sunday. FILE PHOTO: The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March…
[ad_1] SYDNEY (Reuters) – Boeing Co (BA.N) is expecting increased demand for new airplanes now that oil is above $65 a barrel, a senior executive said on Sunday. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo “When you take a look…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Sunday he had been having frank, useful talks in China about exports, as Washington presses home its message to Beijing about structural economic changes amid a festering trade dispute. U.S. Commerce Secretary Wilbur Ross, second from left, and Chinese Vice Premier Liu He, fourth…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will meet Chinese Vice Premier Liu He on Sunday, as officials from the world’s two largest economies try to calm an escalating trade dispute that has rattled financial markets. U.S. Commerce Secretary Wilbur Ross leaves a hotel ahead of trade talks with Chinese officials in Beijing,…
[ad_1] WHISTLER, British Columbia (Reuters) – Finance leaders of the closest U.S. allies vented anger over the Trump administration’s metal import tariffs but ended a three-day meeting in Canada on Saturday with no solutions, setting the stage for a heated fight at a G7 summit next week in Quebec. U.S. Treasury Secretary Steven Mnuchin failed…
[ad_1] WHISTLER, British Columbia (Reuters) – Finance leaders of the closest U.S. allies vented anger over the Trump administration’s metal import tariffs but ended a three-day meeting in Canada on Saturday with no solutions, setting the stage for a heated fight at a G7 summit next week in Quebec. United States Secretary of the Treasury…
[ad_1] ROME (Reuters) – If Italy leaves the euro, it will be late on a Friday night. FILE PHOTO: A two Euro coin is seen in this picture illustration taken in Rome, Italy February 3, 2017. REUTERS/Tony Gentile Government officials will have planned the move in the utmost secrecy, telling their European partners only that…
[ad_1] SHANGHAI (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] has agreed to purchase 200 C919 and 100 ARJ-21 planes from the Commercial Aircraft Corp of China Ltd (COMAC), the companies said on Saturday. FILE PHOTO: The second prototype of China’s home-built C919 passenger jet takes off for a test flight in Shanghai, China December 17,…
[ad_1] ISTANBUL (Reuters) – Turkey’s President Tayyip Erdogan has said ride hailing app Uber is finished in Turkey, following pressure from Istanbul taxi drivers who said it was providing an illegal service and called for it to be banned. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures…
[ad_1] BERLIN (Reuters) – Adidas (ADSGn.DE) can declare itself the winner over arch rival Nike (NKE.N) in the upcoming soccer World Cup even before the first match kicks off as it is kitting out the most teams. However, the German sportswear brand, which is also the official sponsor of the tournament, expects only a limited…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday aiming to secure more Chinese purchases of U.S. goods and energy, days after Washington intensified pressure in its dispute with China and infuriated allies with tariffs on metals. U.S. Commerce Secretary Wilbur Ross leaves a hotel ahead of trade talks with…
[ad_1] The first skirmishes of an unexpected trade war between Canada and the United States are underway. And while the ultimate impact is still hard to predict, two Canadian companies on the front lines expect collateral damage on both sides. Jon Hobbs, president of AltaSteel, a Canadian company that produces about 300,000 tonnes of hot-rolled…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday, a U.S. government official said, as officials from the world’s two biggest economies try to calm an escalating trade spat that has rattled financial markets. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday, a U.S. government official said, as officials from the world’s two biggest economies try to calm an escalating trade spat that has rattled financial markets. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a…
[ad_1] WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation. The closely watched employment report released by the Labor Department on Friday also showed wages rising solidly, cementing expectations that…
[ad_1] On May 9, one day after meeting with Alberta Premier Rachel Notley, federal Finance Minister Bill Morneau sat with three key federal staffers across a table from Kinder Morgan CEO Steve Kean and three of his people in a spartan conference room at the oil company’s headquarters in Houston. They were in the United States’ energy capital to talk about Trans Mountain — how to…
[ad_1] BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week. A customer tests the features of the newly launched iPhone X at VIVA telecommunication store in…
[ad_1] (Reuters) – The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp (000063.SZ), as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter. FILE PHOTO: A ZTE smart phone is pictured in this…
[ad_1] WASHINGTON (Reuters) – Deutsche Bank AG (DBKGn.DE) will face another challenge this month when the Federal Reserve publishes the results of a “stress test” on the bulk of its U.S. operations for the first time. FILE PHOTO: The headquarters of Germany’s Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai…
[ad_1] (Reuters) – General Motors Co agreed to settle a lawsuit filed by a motorcyclist involved in a minor crash with one of its self-driving cars in San Francisco late last year, the U.S. automaker said on Friday. FILE PHOTO: A self-driving GM Bolt EV is seen during a media event where Cruise, GM’s autonomous…
[ad_1] (Reuters) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants. In contrast, light…
[ad_1] (Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid Technology stocks led the rally, with…
[ad_1] WASHINGTON/WHISTLER, British Columbia (Reuters) – U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminum. FILE PHOTO: Stored rolls of steel are seen outside the ArcelorMittal Dofasco plant, an…
[ad_1] (Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and political tensions in Italy eased. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid Technology stocks led the…
[ad_1] (Reuters) – A Takata air bag inflator ruptured in a fatal car crash earlier this week in Malaysia, Honda Motor Co (7267.T) said on Friday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments. FILE PHOTO: A logo is pictured on the Honda…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is proceeding with plans for trade talks in Beijing on Saturday, U.S. officials said, after the Trump administration launched steel and aluminum tariffs on Western allies and renewed its tariff threats against China. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a state dinner at…
[ad_1] The Canadian Union of Postal Workers has claimed a major victory on pay equity after an arbitrator ruled rural mail carriers do the same work as their urban counterparts. The decision, released Friday, found both types of employees carry out essentially the same work, yet a pay gap exists between the 8,000 rural and…
[ad_1] DBRS Ltd. says it has changed its trend outlook on Bombardier Inc. from stable to positive, but kept its credit rating unchanged at B. The credit rating agency says the financial performance of the plane and train manufacturer over the past two quarters has improved its financial expectations for the company this year and…
[ad_1] LONDON (Reuters) – Payments firm Visa (V.N) said on Friday it was experiencing a service disruption preventing some transactions in Europe being processed. FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration “Visa is currently experiencing a service disruption. This incident…
[ad_1] BALOCCO, Italy — Highlights of Fiat Chrysler’s new business plan: Fiat Chrysler CEO Sergio Marchionne will outline his business plan today for the automaker’s next five years in his last big presentation to investors before retiring next year. The presentation will be his grand finale, 14 years to the day after he was named Fiat…
[ad_1] Helm is an open source project that enables developers to create packages of containerized apps to make installation much simpler. Up until now, it was a sub-project of Kubernetes, the popular container orchestration tool, but as of today it is a stand-alone project. Both Kubernetes and Helm are projects managed by the Cloud Native…
[ad_1] Laurentian Bank Financial Group raised its quarterly dividend as its second-quarter profit beat expectations. The bank said Friday it will now pay a quarterly dividend of 64 cents per share, up a penny from its previous rate. The increase came as Laurentian said it earned $55.9 million attributable to common shareholders or $1.34 per…
[ad_1] The head of a steel empire that started in Harrow, Ont. thinks he can withstand American tariffs in the short-term. But if they’re prolonged, Atlas Tube CEO Barry Zekelman says he may have to shift production across the border. The Canadian-born billionaire believes the 25 per cent tariff that took effect today is not really about…
[ad_1] U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 per cent, pointing to rapidly tightening labour market conditions, which could stir concerns about inflation. The closely watched employment report released by the Labour Department on Friday also showed wages rising solidly, cementing expectations that the Federal…
[ad_1] (Reuters) – U.S. stocks opened higher on Thursday, led by gains in technology and bank stocks after a stronger-than-expected U.S. jobs report cemented expectations of an interest rate hike this month. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid…
[ad_1] Box announced today that it has purchased Progressly, a Redwood City startup that focuses on workflow. All 12 Progressly employees will be joining Box immediately. They did not disclose the purchase price. If you follow Box, you probably know the company announced a workflow tool in 2016 called Box Relay along with a partnership…
[ad_1] WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation. FILE PHOTO: Job seekers line up to apply during “Amazon Jobs Day,” a job fair being held at 10 fulfillment…
[ad_1] BRUSSELS (Reuters) – IPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing, saying it does not want to prejudice its challenge to an EU order to pay up to 13 billion euros ($15 billion) in back taxes to Ireland. FILE PHOTO: The company’s logo is seen outside Austria’s first Apple…
[ad_1] BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategy as chief executive on Friday with a focus on sport utility vehicles and electric and hybrid cars as his era at the wheel nears its end. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New…
[ad_1] LONDON/BEIJING (Reuters) – Factory growth in major manufacturing hubs showed signs of cooling last month as companies braced for potential damage from rising global trade tensions while also grappling with accelerating inflation and a strong dollar. FILE PHOTO: Employees work an assembly line at a factory of Glory Ltd., a manufacturer of automatic change…
[ad_1] BEIJING (Reuters) – China reiterated its commitment to the global trade order on Friday, hours after Washington slapped new tariffs on imports from key allies and a day before U.S. Commerce Secretary Wilbur Ross was due in Beijing for talks to avert a trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has made good progress in its efforts to address regulatory concerns, a person familiar with the thinking of the European Central Bank said on Friday after Standard & Poor’s downgraded its rating on the German bank. FILE PHOTO: The head quarters of Germany’s largest business bank, Deutsche Bank,…
[ad_1] BEIJING (Reuters) – China’s foreign ministry said on Friday all countries should protect the normal trade order, when asked about United States’ decision to impose tariffs on steel and aluminum exports from the European Union, Canada and Mexico. FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2,…
[ad_1] BALOCCO, Italy (Reuters) – Fiat Chrysler (FCHA.MI) boss Sergio Marchionne is expected to show on Friday how the carmaker plans to fix lagging margins in Europe, grow Jeep into a global giant and catch up in electric and self-driving cars – all without him in the driving seat. FILE PHOTO: 2015 Jeep Grand Cherokee…
[ad_1] The first shots have been fired in the unexpected trade war between Canada and the United States, but it’s not immediately clear who’s going to take the most casualties. On Thursday, the U.S. government made a stunning announcement that Canada’s exemption from steel and aluminum tariffs, which U.S. President Donald Trump first floated in March, would…
[ad_1] SYDNEY (Reuters) – Australia is preparing criminal cartel charges against the country’s third-biggest bank and underwriters Deutsche Bank and Citigroup over a $2.3 billion share issue, in an unprecedented move with potential implications for global capital markets. FILE PHOTO – The logo of the ANZ Banking Group is displayed in the window of a…
[ad_1] BEIJING (Reuters) – Factory growth in Asia’s major manufacturing hubs showed signs of cooling last month as they braced for a rocky ride from rising global trade tensions, while the region’s key emerging markets grappled with accelerating inflation and a strong dollar. FILE PHOTO: Employees work an assembly line at a factory of Glory…
[ad_1] (Reuters) – ICICI Bank Ltd (ICBK.NS) said on Friday Chief Executive Officer Chanda Kochhar is on planned annual leave and denied a media report that she was asked to go on leave until an independent board enquiry is concluded. FILE PHOTO: ICICI Bank’s Chief Executive Officer Chanda Kochhar speaks during a news conference at…
[ad_1] LONDON (Reuters) – The aluminium empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters. FILE PHOTO: Oleg Deripaska, En+ Group’s major shareholder, attends an…
[ad_1] TOKYO (Reuters) – Asian equities shook off earlier weakness on Friday, as a softer yen supported Japanese stocks and firm export data drove South Korean markets higher, although rekindled concerns about U.S. protectionist trade policies limited gains. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] WASHINGTON (Reuters) – U.S. job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate inflation pressures in the economy. FILE PHOTO: A cashier counts out money at Macy’s Herald Square in New York, U.S., November 28, 2013. REUTERS/Eric…
[ad_1] (Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays, and must eventually overhaul a manufacturing system that belongs to a “bygone age,” the jetmaker’s new president told staff on Friday. FILE PHOTO: Airbus Helicopters CEO Guillaume Faury stands near a multi-role military helicopter EC…
[ad_1] (Reuters) – Airbus (AIR.PA) faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday. FILE PHOTO: Airbus Helicopters CEO Guillaume Faury stands near a multi-role military helicopter EC 725 by Airbus Helicopters…
[ad_1] SYDNEY (Reuters) – Australian banking was in shock on Friday as No. 3 lender Australia and New Zealand Banking Group Ltd (ANZ.AX) faced criminal cartel charges over a $2.3 billion share issue, along with underwriters Deutsche Bank and Citigroup. FILE PHOTO – The logo of the ANZ Banking Group is displayed in the window…
[ad_1] SYDNEY (Reuters) – Citigroup (C.N) on Friday denied allegations of criminal cartel conduct expected to be laid by Australian prosecutors over its involvement in a $2.3 billion share issue it underwrote for Australia and New Zealand Banking Group Ltd (ANZ.AX) in 2015. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS…
[ad_1] TOKYO (Reuters) – Asian equities sagged on Friday as worries about U.S. trade policy hit global financial markets, which were already shaken this week by political turmoil in Italy. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai Wall Street shares…
[ad_1] WASHINGTON/PARIS (Reuters) – Canada and Mexico retaliated against the United State’s decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing…
[ad_1] NORTH CHARLESTON, S.C. (Reuters) – A small group of workers at Boeing Co’s (BA.N) South Carolina jetliner factory voted Thursday to unionize but the planemaker announced it would challenge the legality of the bargaining unit. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport,…
[ad_1] SYDNEY (Reuters) – Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners. For the month, however, the S&P 500 .SPX, Dow Industrials .DJI and Nasdaq .IXIC had their biggest percentage…
[ad_1] Recreational vehicle maker BRP Inc. shares hit an all-time high Thursday after it posted record results in the first quarter that prompted it to boost the outlook for the coming fiscal year. The Quebec-based company’s shares hit $62.08 before falling slightly to close at $60.40, up $3.33 or 5.8 per cent in Thursday trading…
[ad_1] Scotiabank has acquired doctors’ wealth services company MD Financial Management for $2.5 billion. The company provides financial planning, insurance, banking, investment and estate and trust services to Canadian doctors. A public offering of 19.7 million common shares at $76.15 per share will fund a portion of the acquisition. The acquisition also includes a 10-year…
[ad_1] BOSTON (Reuters) – Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd (HLF.N), on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up more than 10 percent. The move by SoftBank’s $100-billion Vision Fund is…
[ad_1] WASHINGTON/PARIS (Reuters) – The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington’s allies took steps to retaliate against U.S. goods. The move, announced by U.S. Commerce Secretary Wilbur Ross in a…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) President David Solomon said second-quarter market activity has decreased compared to the first quarter, when heightened volatility helped Wall Street banks record huge profits. David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S.…
[ad_1] WASHINGTON/PARIS (Reuters) – The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending months of uncertainty about potential exemptions and reigniting fears of a global trade war. The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on…
[ad_1] If you’ve ever been in a pointless meeting at work, odds are you’ve spent part of the time responding to messages or just putzing around on the Internet — but Klaxoon hopes to convert that into something a bit more productive with more interactive meetings. The French startup today said it’s raised $50 million…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily. FILE PHOTO: A cashier counts out money at Macy’s Herald Square in New York, U.S., November 28, 2013. REUTERS/Eric…
[ad_1] Amazon QuickSight, the company’s business intelligence tool for AWS, launched back in 2015, but it’s hard to say how much impact the service has made in the highly competitive BI market. The company has far from given up on this project, though, and today, it’s introducing a new pay-per-session pricing plan for access to QuickSight dashboards…
[ad_1] Shares of Canadian metal companies got sideswiped Thursday after the Trump administration announced it will impose tariffs of 25 per cent on imported steel and 10 per cent on imported aluminum from Canada, beginning at midnight. The new tariffs will also affect U.S. imports from Mexico and the European Union. In trading on the…
[ad_1] The national broadcast regulator says online giants like Netflix and Spotify should be forced to open their wallets to pay to create local content before Canadians see losses of jobs, services and content. The Canadian Radio-television and Telecommunications Commission says in a new report the federal government should consider regulating any online video or…
[ad_1] WASHINGTON/PARIS (Reuters) – Washington will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight on Thursday, ending months of uncertainty over potential exemptions and sharply escalating the risk of a trade war. U.S. Commerce Secretary Wilbur Ross told reporters in a telephone briefing that Washington would proceed…
[ad_1] The U.S. is slapping Canada with tariffs on its steel and aluminum imports beginning at midnight. U.S. Secretary of Commerce Wilbur Ross made the announcement during a call with reporters Thursday morning. President Donald Trump announced in March that the United States would impose tariffs of 25 per cent on imported steel and 10 per cent…
[ad_1] WASHINGTON (Reuters) – The United States on Thursday said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America’s top allies. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross, a…
[ad_1] Malaysian state-owned energy company Petronas says one of its wholly-owned entities has signed an agreement for an equity position in the LNG Canada project in Kitimat, B.C. Petronas — which did not divulge the investment amount in a news release early Thursday — says it expects the agreement to be completed in the next…
[ad_1] Canada’s economy grew at a 1.3 per cent annual pace in the first three months of the year, worse than what economists had been expecting. Statistics Canada reported Thursday that reduced investment in the housing market, a slowdown in consumer spending, and lower exports of everything but energy products contributed to the underwhelming number. While…
[ad_1] (Reuters) – New applications for U.S. unemployment benefits fell more than expected last week, but claims for several states including California and Virginia were estimated. FILE PHOTO: Job seekers line up to apply during “Amazon Jobs Day,” a job fair being held at 10 fulfillment centers across the United States aimed at filling more…
[ad_1] WASHINGTON/PARIS (Reuters) – Washington will announce plans to impose tariffs on EU steel and aluminum imports as early as Thursday, two sources said, while a magazine reported President Donald Trump was now focused on pushing German cars from the country. Two sources briefed on the matter said Trump’s decision on metal tariffs would land…
[ad_1] NORTH CHARLESTON, S.C. (Reuters) – A small group of workers at Boeing Co’s South Carolina jetliner factory is voting on Thursday on whether to form a “micro union,” despite efforts by Boeing to challenge the election. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva…
[ad_1] BERLIN/FRANKFURT (Reuters) – A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York’s Fifth Avenue dented shares in the luxury car manufacturers on Thursday. FILE PHOTO: U.S. President Donald Trump look on as he welcomes South Korea’s President Moon Jae-In in the…
[ad_1] The Europas Unconference & Awards is back on 3 July in London and we’re excited to announce more speakers and panel sessions as the event takes shape. Crypto and Blockchain will be a major theme this year, and we’re bringing together many of the key players. TechCrunch is once again the key media partner,…
[ad_1] BERLIN (Reuters) – There are no signs of a de-escalation in the trade dispute between Europe and the United States, German Finance Minister Olaf Scholz said in a Reuters interview published on Thursday, adding the EU’s response to any U.S. tariffs must be strong. German Finance Minister Olaf Scholz poses for a portrait before…
[ad_1] LONDON (Reuters) – World stocks, the euro and Italian bonds all made a second day of gains on Thursday, after renewed efforts from politicians in Rome to form a government and data from China pointed to its giant economy performing well. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] TOKYO (Reuters) – Sony Corp’s (6758.T) new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc (AAPL.O) and Netflix Inc (NFLX.O). FILE PHOTO: Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida attends a news conference on their…
[ad_1] While many Manitobans are revelling in a double-data phone deal, Canadians elsewhere are left wondering why they can’t get the same offer. “It kind of ticked me off,” said Pete Jansen, of Richmond, B.C. “The rest of the country gets shafted and we’re paying all these exorbitant prices.” Across Canada, mobile phone plan prices…
[ad_1] WASHINGTON/PARIS (Reuters) – Washington will announce plans to slap tariffs on EU steel and aluminum imports as early as Thursday morning, sources said, while the U.S. commerce secretary said any escalation of their trade dispute would depend on the bloc’s reaction. The two sources briefed on the matter said the decision would land before…
[ad_1] LONDON (Reuters) – The United States is deeply concerned that the new European Union privacy guidelines will change how companies do business, Commerce Secretary Wilbur Ross said, adding that the regulation should be implemented in a way to minimize barriers to trade. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross, a member of the U.S.…
[ad_1] RIYADH (Reuters) – Saudi Arabia’s crown prince wants to build a mega-city with the latest robotics under his grand plan to reform the kingdom. A for-sale banner is placed on a private villa under construction, near Riyadh, Saudi Arabia, May 29, 2018. Picture taken May 29, 2018. REUTERS/Faisal Al Nasser Civil servant Amer al-Ghamdi…
[ad_1] TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday and the euro enjoyed a respite after sinking to its lowest in 10 months as the political turmoil in Italy that roiled global financial markets showed signs of easing. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] SYDNEY (Reuters) – Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in…
[ad_1] SYDNEY (Reuters) – Profits for the airline industry will be solid this year but are unlikely to be at the level anticipated in December, the head of the International Air Transport Association said on Thursday. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany,…
[ad_1] BEIJING (Reuters) – The United States’ measures against China’s investments are against World Trade Organization rules, and China reserves the right to take countermeasures, the commerce ministry said on Thursday. FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo China is not willing…
[ad_1] TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] NEW YORK (LPC) – Ride-hailing service Uber Technologies Inc is asking lenders to lower pricing on its $1.13 billion term loan due in 2023, sources said. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei, Taiwan April 13, 2017. REUTERS/Tyrone Siu/File Photo Strong…
[ad_1] TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] SEOUL (Reuters) – Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June. Drilling equipment is seen at the Sindbad oil field near the Iraqi-Iranian border in Basra, Iraq April 23, 2018. Picture…
[ad_1] SEOUL (Reuters) – Samsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won ($1 billion) worth of its shares in Samsung Electronics Co Ltd. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo The stake sale, aimed…
[ad_1] DALLAS (Reuters) – Exxon Mobil Corp’s chief executive said on Wednesday he hopes the new attorney general in New York “comes to a different conclusion” than predecessor Eric Schneiderman on a climate change probe into the world’s largest publicly traded oil producer. FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Mobil Corporation exits…
[ad_1] NEW YORK (Reuters) – Bank of America Corp (BAC.N) Chief Executive Brian Moynihan said second-quarter markets revenue from sales and trading will likely be flat compared with a year earlier, depending on what happens in June. Brian T. Moynihan, Chairman and Chief Executive Officer of the Bank of America Corporation, attends the World Economic…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks. The S&P 500’s gains erased the losses of Tuesday, when the…
[ad_1] (Reuters) – Influential U.S. magazine Consumer Reports said on Wednesday it was recommending Tesla Inc’s Model 3 sedan after its latest tests showed that a firmware update improved the car’s braking distance by nearly 20 feet. FILE PHOTO: A man cleans a Tesla Model 3 car during a media preview at the Auto China…
[ad_1] (Reuters) – Billionaire investor Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the terms and size of the deal, Bloomberg reported on Wednesday, citing people familiar with the matter. FILE PHOTO – Investor Warren Buffet arrives for the premiere…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, with the S&P 500 and Dow registering their biggest daily percentage gains since May 4, as signs emerged of an easing of political turmoil in Italy and a surge in oil prices boosted energy stocks. FILE PHOTO: Traders work at the Citadel Securities post…
[ad_1] Nvida launched a monster box yesterday called the HGX-2, and it’s the stuff that geek dreams are made of. It’s a cloud server that is purported to be so powerful it combines high performance computing with artificial intelligence requirements in one exceptionally compelling package. You know you want to know the specs, so let’s…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the S&P 500 set to erase all its losses from Tuesday as signs of easing political turmoil in Italy emerged. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S.,…
[ad_1] Analysts at CIBC have cut their target share price for Kinder Morgan Canada Ltd. and say its future is cloudy in the wake of its deal to sell its biggest current and growth asset — the Trans Mountain pipeline system — to the federal government. They say in a research report the company will…
[ad_1] Canadian Pacific Rail has reached a tentative deal with the union representing striking engineers, meaning operations will be back to normal as early as Thursday. The rail company said in a release on Wednesday that it had struck a four-year tentative agreement with conductors and locomotive engineers at CP, and a five-year agreement with conductors…
[ad_1] Want to understand all the most important tech stats and trends? Legendary venture capitalist Mary Meeker has just released the 2018 version of her famous Internet Trends report. It covers everything from mobile to commerce to the competition between tech giants. Check out the full report below, and we’ll add some highlights soon. Then come…
[ad_1] Just one day after the Liberal government announced plans to buy the Trans Mountain pipeline project for $4.5 billion, Finance Minister Bill Morneau arrived in Calgary to discuss Canada’s economic future with local business leaders. Morneau revealed details of the deal in Ottawa on Tuesday. The government is purchasing the pipeline and related infrastructure…
[ad_1] China’s government accused the Trump administration of hurting its credibility by acting erratically on trade and vowed Wednesday to fight back if Washington goes ahead with a threatened tariff hike. A foreign ministry spokeswoman complained the U.S. decision to renew a threat to raise duties on a $50 billion list of Chinese goods conflicts…
[ad_1] (Reuters) – U.S. stocks advanced on Wednesday, with gains in energy and banking shares aiding the recovery from a steep selloff in the previous session due to concerns over Italy’s political crisis. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York…
[ad_1] DALLAS (Reuters) – Exxon Mobil Corp shareholders rejected a proposal on Wednesday at their annual meeting that would have split the roles of chairman and chief executive. FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in…
[ad_1] (Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the same formula as in the 1980s when he transformed a little-known shell company into the world’s biggest advertising group. FILE PHOTO: Sir Martin Sorrell, then chairman and CEO of advertising company WPP, attends a…
[ad_1] The Canadian dollar shot up Wednesday after the Bank of Canada held the line on a key interest rate but pointed to a boost in the future. In foreign exchange trading, the loonie rose 0.87 of a U.S. cent, to 77.69 cents US The central bank left its key target for the overnight rate unchanged at 1.25…
[ad_1] Salesforce just keeps on growing revenue. In another remarkable quarter, the company announced 3.01 billion in revenue for Q1 2019 with no signs of slowing down. That puts the CRM giant on a run rate of over $12 billion with the company’s most optimistic projections suggesting it could go even higher. It’s also the first…
[ad_1] (Reuters) – Twenty-First Century Fox Inc (FOXA.O) will hold a special meeting on July 10th for its stockholders to vote on a proposed merger with Walt Disney Co (DIS.N), the company said on Wednesday. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6,…
[ad_1] Vulcan Cyber, a Tel Aviv-based security startup that helps enterprises quickly detect and fix vulnerabilities in their software stack and code, is coming out of stealth today and announcing a $4 million seed round led by YL Ventures with participation from r a number of other cybersecurity investors. The general idea behind Vulcan Cyber…
[ad_1] (Reuters) – U.S. stocks were set to open higher on Wednesday, indicating a rebound from the steep selloff driven by a political crisis in Italy that had pushed the S&P 500 and the Dow Industrials to their worst day in a month. FILE PHOTO: Traders work at the Citadel Securities post on the floor…
[ad_1] Bank of Montreal raised its quarterly dividend as it reported a second-quarter profit of $1.25 billion. The bank says it will now pay a quarterly dividend of 96 cents per share, up three cents from 93 cents in its previous quarter. BMO reported its second-quarter profit amounted to $1.86 per share compared with a…
[ad_1] Tim Hortons will pilot all-day breakfast in a dozen Ontario locations and look to introduce a kids menu, delivery and loyalty program, in a bid to regain the trust of franchisees and customers. The fast-food giant’s president Alex Macedo told The Canadian Press that the all-day breakfast experiment will begin at a handful of…
[ad_1] OTTAWA/HOUSTON (Reuters) – U.S. energy firm Kinder Morgan’s C$4.5 billion sale of an oil pipeline to Canada’s government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials. A workman walks past steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada’s Trans Mountain Expansion…
[ad_1] BEIJING (Reuters) – China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross. In an unexpected change in tone, the United States…
[ad_1] TOKYO (Reuters) – Tesla Inc’s battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies)…
[ad_1] LONDON (Reuters) – Italy’s political crisis and renewed trade war fears sent world stocks lower for the sixth day in a row, though hopes that Italy could avoid a new election helped European markets stage a mini-bounce from one of their worst selloffs in years. FILE PHOTO: The podium where Carlo Cottarelli was waited…
[ad_1] News that fraudsters had broken through security at two of Canada’s biggest banks and were threatening to release the account information of 90,000 Canadians is somewhat like an old-fashioned bank robbery — only in our digital age, it is many times worse. Except for a few bills in your wallet and the odd coin tucked away in a safety…
[ad_1] European startup studio eFounders is slowly but surely building a portfolio of successful software-as-a-service startups. The company is behind some of the most promising enterprise startups in recent years. Over the past six months, six eFounders startups have raised $120 million in total, with Front and Aircall leading the pack with a $66 million…
[ad_1] As Rachel Notley wrapped up her press conference on the Trans Mountain pipeline in Edmonton Tuesday morning, she high-fived legislative members who’d surrounded her at the podium. For Alberta’s premier, this was the chance to celebrate an important political win — even if more battles still lie ahead. But down the road in Calgary, the white-collar capital…
[ad_1] LONDON (Reuters) – Royal Bank of Scotland (RBS.L) announced the surprise departure of its finance chief on Wednesday, on the day of its annual shareholder meeting and amid speculation the British government will soon sell some of its controlling stake in the bank. FILE PHOTO: sign is displayed outside of a branch of The…
[ad_1] ATHENS (Reuters) – Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave austerity measures that will kick in after the country’s third international bailout expires this summer. FILE PHOTO: Greece’s Prime Ministers Alexis Tsipras speaks during the World Economic Forum (WEF) annual meeting in Davos, Switzerland…
[ad_1] MUMBAI (Reuters) – For Lalit Bisht, buying Roadster jeans and T-shirts off Myntra, Flipkart’s fashion operation, is a no brainer. It may take a week to deliver clothes to Bisht’s small hometown in India’s hilly northern Uttarakhand state, but the wait is worth it. An employee is reflected in a mirror as he arranges…
[ad_1] SHANGHAI/BEIJING (Reuters) – China on Wednesday lashed out at Washington’s unexpected statement that it will press ahead with tariffs and restrictions on investments by Chinese companies, saying Beijing was ready to fight back if Washington was looking to ignite a trade war. Chinese and U.S. flags are set up for a signing ceremony during…
[ad_1] RANCHO PALOS VERDES, Calif. (Reuters) – Facebook Inc believes it could acquire other large companies without running afoul of antitrust enforcers if the world’s largest social media network chose to enter a new market, Chief Operating Officer Sheryl Sandberg said on Tuesday. FILE PHOTO: Facebook’s Chief Operating Officer Sheryl Sandberg arrives to watch CEO…
[ad_1] TOKYO (Reuters) – Asian stocks extended a global sell-off on Wednesday as Italy’s political crisis rippled across financial markets, toppling the euro to a 10-month low, pushing up Italian borrowing costs and sending investors rushing to safe-haven assets such as U.S. Treasuries. FILE PHOTO: The podium where Carlo Cottarelli was waited to talk with…
[ad_1] Canadian Pacific Railway’s more than 3,000 conductors and engineers walked off the job late Tuesday night while a second group of workers reached a tentative contract settlement with the rail company. The Teamsters Canada Rail Conference said its workers walked out at 10 p.m. ET as negotiations continued with the company with the assistance…
[ad_1] SHANGHAI/BEIJING (Reuters) – China’s state media on Wednesday lashed into a U.S. announcement that it would press ahead with restrictions on investment by Chinese companies, saying Beijing was ready to fight back if Washington was looking to ignite a trade war. Chinese and U.S. flags are set up for a signing ceremony during a…
[ad_1] FRANKFURT/WASHINGTON (Reuters) – Bayer (BAYGn.DE) won U.S. approval for its planned takeover of Monsanto (MON.N) after agreeing to sell about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticides maker. FILE PHOTO: The corporate logo of Bayer is seen at…
[ad_1] TOKYO (Reuters) – Asian shares extended a global sell-off in early trading Wednesday as Italy’s political crisis provoked a heavy retreat on Wall Street, sent the euro to a 10-month low and pushed up borrowing costs for the government in Rome. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] TOKYO (Reuters) – Asian shares looked set for a sharp fall on Wednesday as Italy’s political crisis provoked a sell-off on Wall Street, sent the euro to a 10-month low and spiked borrowing costs for the government in Rome. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] SHANGHAI (Reuters) – Chinese state media criticized a U.S. announcement that it would press ahead with restrictions on investment by Chinese companies, saying on Wednesday that Beijing was ready to fight back if Washington was looking to reignite a trade war. Chinese and U.S. flags are set up for a signing ceremony during a…
[ad_1] LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) said on Tuesday it was tripling capacity to fix problems with its Trent 1000 engines that have left some of Boeing’s (BA.N) 787 Dreamliner planes grounded. FILE PHOTO: A view of one of two Rolls Royce Trent 1000 engines on a Boeing 787 Dreamliner during a media tour…
[ad_1] (Reuters) – HP Inc (HPQ.N) reported better-than-expected quarterly revenue and raised its full-year profit forecast on Tuesday, helped by strong demand for its notebooks and desktops. FILE PHOTO – A Hewlett-Packard logo is seen at the company’s Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/File Photo The company also named…
[ad_1] (Reuters) – Black leaders who are advising Starbucks Corp (SBUX.O) on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations. Starbucks committed to the training after a Philadelphia cafe manager’s call to police resulted…
[ad_1] Authorities say a Tesla sedan in autopilot mode has crashed into a parked police cruiser in Southern California. Police Sgt. Jim Cota says the officer was not in the cruiser during the crash Tuesday in Laguna Beach. He says the Tesla driver suffered minor injuries. The police SUV ended up with its two passenger-side…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average registered their biggest one-day percentage drops in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled. Traders work on the floor of the New York Stock…
[ad_1] (Reuters) – HP Inc (HPQ.N) reported better-than-expected quarterly revenue on Tuesday, driven by strong growth in its personal systems business, which includes notebooks and desktops. FILE PHOTO – A Hewlett-Packard logo is seen at the company’s Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/File Photo The company also named Steve…
[ad_1] WASHINGTON (Reuters) – The United States said on Tuesday that it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their dispute and suggested that tensions had cooled. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.…
[ad_1] U.S. stock markets sank more than one per cent in value on Tuesday on downbeat guidance on trading from JP Morgan and worries over Italy, putting the S&P and Dow Jones Industrial Average on track for their biggest one-day drops in a month. The political crisis in Rome, and the threat to the euro project…
[ad_1] OTTAWA/WINNIPEG (Reuters) – Canada will buy Kinder Morgan Canada Ltd’s (KML.TO) Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition. FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s Trans Mountain Pipeline terminal…
[ad_1] Economists expect the Bank of Canada will hold firm when it announces its next decision on interest rates on Wednesday. Factoring in regulatory changes that are shaking up Canadian housing markets and uncertainty on the trade front, the central bank is widely forecast to leave its key target for the overnight rate unchanged at…
[ad_1] MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during…
[ad_1] A number of Canada’s big banks are under investigation for possible violations of the consumer rules that govern financial institutions, top officials from Canada’s financial consumer watchdog told members of Parliament Monday. However, officials from the Financial Consumer Agency of Canada (FCAC) were tight-lipped, refusing to say which banks are being investigated or exactly…
[ad_1] Hackers have threatened to release personal information for nearly 100,000 customers of two Canadian banks unless the lenders paid a $1-million US ransom for its safe return. On Monday, Bank of Montreal and online bank Simplii Financial — owned by CIBC — revealed that they learned over the weekend that fraudsters had managed to steal identifying personal information…
[ad_1] Scotiabank reported a nearly four cent jump in profit in the latest quarter, beating market expectations with a boost from its international operations in Latin America. The bank said Tuesday it earned $2.04 billion in net income attributable to common shareholders for its second quarter, up 3.9 per cent from $1.97 billion a year…
[ad_1] After several years of delays and uncertainty surrounding the Trans Mountain expansion project, the chief executive of Kinder Morgan was upbeat Tuesday morning as he discussed the $4.5-billion sale of the proposed pipeline to the Canadian government. “We think this is a great day not only for our company but for Canada, and we’re happy to…
[ad_1] (Reuters) – The S&P 500 and Dow Jones Industrial Average touched near three-week lows on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. May 22,…
[ad_1] Movable Ink has always prided itself on providing marketers with a way to deliver highly customized emails, but today the company decided to take that one step further. It announced an SDK that enables developers to build custom applets to add their own unique information to any email. The company has always seen itself…
[ad_1] A Tim Hortons franchisee who is being denied a licence renewal after the company accused him of violating food safety and operating-standards has passed most of such reviews,internal documents obtained by The Canadian Press indicate. The documents show Mark Kuziora, who has been critical of Tim Hortons’ operating practices and was involved in a…
[ad_1] The countdown to another Canadian railway strike is on. Canadian Pacific Railway workers are set to strike Tuesday night, potentially forcing the railroad to shut down its freight service and leaving commuters with the prospect of delays in the country’s three largest cities. The unions representing train operators and signalling workers — the Teamsters…
[ad_1] Finance Minister Bill Morneau is set to announce details today of a plan to ensure construction of the contentious Trans Mountain pipeline expansion goes ahead this summer. Prime Minister Justin Trudeau is holding a cabinet meeting in Ottawa this morning and ministers will get a full briefing on the plan. Morneau is expected to hold a news conference this…
[ad_1] TOKYO (Reuters) – Tariffs on steel, threats of car import levies and intense pressure for a two-way economic deal: despite warm personal ties, U.S. President Donald Trump is giving Japanese Prime Minister Shinzo Abe a decidedly tough time on trade. Trump has also withdrawn from a multilateral Trans-Pacific Partnership (TPP) promoted by Abe as…
[ad_1] LONDON (Reuters) – A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs surging for the government in Rome. FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014. REUTERS/Dado Ruvic/Illustration/File Photo Investors fear…
[ad_1] LISBON (Reuters) – Utility company EDP may balk at the meager 5 percent premium offered for its shares by China Three Gorges (CT) but the battle for Portugal’s biggest business has largely played out already. FILE PHOTO: The logo of Portuguese utility company EDP – Energias de Portugal is seen at the company’s offices…
[ad_1] MELBOURNE (Reuters) – Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week. FILE PHOTO: A sign for Santos Ltd is displayed on the front of the company’s office building in the rural township of…
[ad_1] Negotiations between WestJet and unionized pilots neared crisis last week as negotiators for the airline threatened to lock out pilots and shut down the company. That’s when the chief federal mediator and the federal labour minister boarded planes to intervene as heated contract talks reached a boiling point. Those are just some of the details CBC News has learned from internal documents…
[ad_1] As more than 8,000 Starbucks outlets across the U.S. close their doors today to allow workers to undergo racial bias training, diversity experts say they hope the coffee chain’s commitment to taking a long-term approach to learning can set the standard for employers looking to better educate their staff about bias in the workplace. The coffee giant’s decision to offer the…
[ad_1] It seems almost everyone now agrees that the Bank of Canada is not going to raise interest rates this time around. Heavily indebted Canadian homeowners will once again be able to breathe a sigh of relief when the central bank announces its rate decision Wednesday. Even those in Canada’s real estate industry, who claim everything is fine, will…
[ad_1] GENEVA (Reuters) – Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods. FILE PHOTO: U.S. President Donald Trump and China’s President Xi…
[ad_1] ZURICH (Reuters) – Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday. FILE PHOTO: The logo of Swiss watch manufacturer Breguet is seen at the Baselworld watch and jewellery fair in Basel, Switzerland,…
[ad_1] WASHINGTON (Reuters) – President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making. U.S. President Donald Trump is seen at Arlington National Cemetery…
[ad_1] SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment. FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014. REUTERS/Dado…
[ad_1] (Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks. FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s…
[ad_1] SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment. FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014.…
[ad_1] GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said. Logo of Airbus is pictured at the Airbus…
[ad_1] SYDNEY (Reuters) – U.S. stock futures ticked higher on Tuesday as officials sought to revive what would be a historic meeting between President Donald Trump and his North Korean counterpart, while the euro hovered near 6-1/2 month lows and oil sank. The facade New York Stock Exchange (NYSE) is seen in New York City’s…
[ad_1] SINGAPORE (Reuters) – Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: Automobiles speed past an oil refinery as they…
[ad_1] GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said. Logo of Airbus is pictured at the Airbus…
[ad_1] Via Rail Canada has cancelled some service in northern Ontario because of a strike notice given to Canadian Pacific Railway by its unions. The unions representing train operators and signalling workers — the Teamsters Canada Rail Conference and the International Brotherhood of Electrical Workers — have given CP Rail notice that they plan to…
[ad_1] LONDON (Reuters) – European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government. FILE PHOTO: Traders prepare before the opening of the German stock exchange in front of the empty DAX board, at…
[ad_1] BRUSSELS (Reuters) – Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire. FILE PHOTO: European Commissioner Cecilia Malmstrom holds a news conference in Brussels, Belgium March 7, 2018.…
[ad_1] Decision day is looming for the Trans Mountain pipeline expansion, one of the most polarizing energy projects in years, but there’s no clear sign of an outcome despite weeks of politics and closed-door talks. “This is really the make-or-break week for this particular project,” said Warren Mabee, director of the Queen’s Institute for Energy and Environmental Policy. Last…
[ad_1] Pan American Silver Corp. became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine. The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine…
[ad_1] GENEVA (Reuters) – China told the World Trade Organization’s dispute settlement body on Monday that U.S. accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the…
[ad_1] PARIS (Reuters) – French billionaire industrialist Serge Dassault, whose group builds Rafale warplanes, died in Paris on Monday aged 93, a spokesman for Dassault Group said. FILE PHOTO: Serge Dassault, French UMP (Union for a Popular Movement) political party member and Chairman and CEO of Groupe Dassault Holding, poses after the company’s 2014 First-Half…
[ad_1] BEIJING (Reuters) – China’s Anbang Insurance Group [ANBANG.UL] said on Monday that the selection process for a strategic shareholder has begun, reiterating that it has ample cashflow and is operating normally after its state-backed bailout. People enter the office of Anbang Insurance Group in Beijing, China, February 23, 2018. REUTERS/Thomas Peter In April the…
[ad_1] MUMBAI (Reuters) – An Indian trader body has raised objections to Walmart Inc’s (WMT.N) $16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country’s antitrust regulator is unlikely to threaten the deal. FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen on the company’s office…
[ad_1] CIBC’s Simplii is warning that fraudsters may have stolen access to personal and account information of more than 40,000 of the bank’s customers. The bank says it was made aware over the weekend of a claim that hackers had accessed client data. After an investigation, the bank warned its customers of the breach via…
[ad_1] LONDON (Reuters) – Britain could sell a 10 percent stake in Royal Bank of Scotland (RBS.L) as soon as this week, Sky News reported on Monday, citing banking sources. FILE PHOTO: Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo The…
[ad_1] Bombardier has signed a deal with airBaltic for up to 60 C Series jets. The deal consists of a firm commitment for 30 of the larger C Series jets, with an option to buy the same number again. At list prices, the deal is worth $2.9 billion US to Bombardier — about $3.8 billion Canadian…
[ad_1] LONDON (Reuters) – Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo Brent crude futures LCOc1 stood at…
[ad_1] MUMBAI (Reuters) – The Confederation of All India Traders (CAIT) has filed an objection to Walmart Inc’s (WMT.N) $16 billion merger with e-commerce company Flipkart with the country’s competition watchdog, it said on Monday. FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen on the company’s office in Bengaluru, India April 12,…
[ad_1] LOS ANGELES (Reuters) – Black leaders who are advising Starbucks Corp (SBUX.O) on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for other corporations. A woman walks her dog past a Center City Starbucks, where two…
[ad_1] BERLIN/FRANKFURT (Reuters) – Germany’s Transport Ministry grilled Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed to meet emissions rules. FILE PHOTO: Daimler CEO Dieter Zetsche speaks during a world premiere for the new Mercedes Benz A-Class L Sedan in Beijing, China, April 24,…
[ad_1] LONDON (Reuters) – Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo Brent crude futures LCOc1 stood at…
[ad_1] BRUSSELS (Reuters) – Germany is seeking to end a dispute between the United States and the European Union over President Donald Trump’s decision to impose high tariffs on steel and aluminum imports, Economy Minister Peter Altmaier said on Monday. FILE PHOTO – German Economy Minister Peter Altmaier arrives to the weekly cabinet meeting in…
[ad_1] Things have officially become very frightening when the leader of North Korea, Kim Jong-un, sounds more reasonable and peace-loving than the president of the United States. But after another wacky week of flip-flops by U.S. President Donald Trump and policy statements characterized by Canada’s level-headed foreign minister Chrystia Freeland as “frankly absurd,” many — especially those in…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo…
[ad_1] SYDNEY (Reuters) – Australia said on Monday it was recalling an additional 1.1 million cars fitted with Takata Corp TKTDQ.PK air bags, increasing the size of the country’s biggest ever compulsory recall to just under four million cars. FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for…
[ad_1] SINGAPORE (Reuters) – Oil prices slumped on Monday, extending steep declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo Brent…
[ad_1] SYDNEY (Reuters) – U.S. private equity giant Blackstone Group (BX.N) is seeking to deepen its exposure to Australian commercial property with a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund (IOF) (IOF.AX). FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded…
[ad_1] (Reuters) – Australia’s Investa Office Fund (IOF) (IOF.AX) said on Monday it has received a A$3.08 billion ($2.3 billion) unsolicited non-binding buyout proposal from the Blackstone Group (BX.N). FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York…
[ad_1] TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Monday he would seek to convince President Donald Trump of the crucial role his country’s automakers play in boosting the U.S. economy. FILE PHOTO: Japanese Prime Minister Shinzo Abe attends a joint news conference with Russian President Vladimir Putin following their meeting at the…
[ad_1] TOKYO (Reuters) – U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] HONG KONG (Reuters) – Trading in shares of Samsonite International SA (1910.HK) was suspended on Monday pending a statement from the world’s largest luggage maker, just days after a short seller accused it of questionable accounting practices and poor governance. FILE PHOTO: A Samsonite suitcase is displayed at a store in Hong Kong, China…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world’s three top crude producers, Russia, the United States and Saudi Arabia. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5,…
[ad_1] SINGAPORE (Reuters) – Oil prices dropped on Monday on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File…
[ad_1] TOKYO (Reuters) – U.S. stock futures rose on Monday on signs that the United States and North Korea are still working towards holding a summit next month, while oil prices extended losses on expectations of more supply from major producers. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] It’s the insurance claim you can’t make — to be compensated for the value a vehicle loses after being damaged in a crash. Even when repairs are done properly, the diminished value means drivers lose money when they go to sell the vehicle. Bill Brown knew his almost-new SUV was worth thousands less as…
[ad_1] SYDNEY (Reuters) – Australia on Monday increased the size of its biggest compulsory product recall as it said an additional 1.1 million cars fitted with Takata Corp TKTDQ.PK air bags would be recalled. FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February…
[ad_1] BERLIN (Reuters) – German carmakers have a moral obligation to refit heavily polluting diesel vehicles on the country’s roads, environment minister Svenja Schulze said, but conceded that the government had no legal means to make them do so. A car passes a traffic sign showing a ban on diesel cars at the Max-Brauer Allee…
[ad_1] VANCOUVER/WINNIPEG, Manitoba (Reuters) – As a hard deadline set by Kinder Morgan Canada Ltd (KML.TO) for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4 billion ($5.7 billion) project. FILE PHOTO: Replacement pipe is stored near crude oil storage…
[ad_1] MONTREAL (Reuters) – Canada’s Bombardier Inc on Sunday announced two new longer-range variants of its existing large-cabin Global business jets, which the company expects to generate higher revenues during a time of recovering appetite for corporate planes. A Bombardier booth is seen at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S.…
[ad_1] Free market forces have given Canadians the ability to summon meals or cars at the touch of a button and demand a million dollars for an urban bungalow; but, as frustrated parents know all too well, the same forces haven’t solved the problem of finding childcare. The Canadian daycare market has a well-established surplus…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. WestJet pilot strike averted If you’ve booked a flight with WestJet, you can now rest easy. A potential pilots strike has been averted after the airline and the pilots union agreed to…
[ad_1] DUBAI (Reuters) – Sembcorp Salalah Water and Power Co SSPW.OM, which operates an electricity generation and seawater desalination plant in Oman, said its water production plant had been temporarily shut down because of rough seas as a result of a tropical storm. General view after Cyclone Mekunu in Salalah, Oman May 26 2018. Oman…
[ad_1] Wireless wars are heating up again with numerous telcos offering smartphone plans topped up with what many Canadians crave — extra data. The standout deals are in Manitoba where Rogers began the battle this week by doubling the data — at no extra cost — for its 10 GB and 15 GB family phone plans. Until July 3, Rogers customers in the province can…
[ad_1] BEIJING (Reuters) – Qualcomm Inc (QCOM.O) is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV (NXPI.O), three sources told Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California,…
[ad_1] HONG KONG (Reuters) – Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on U.S. firms supplying telecommunications company was a “wake-up” call, local media reported. FILE PHOTO: Tencent Holdings Ltd Chairman and CEO Pony Ma attends a news conference announcing the company’s annual results…
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources. FILE PHOTO: A sign showing the name of German truck maker Daimler is pictured at…
[ad_1] As with many of the trade actions announced by the Trump administration, the possible effects of his proposed Section 232 investigation of vehicle imports are both menacing and unclear. To understand how it might affect Canada, one first has to know how the Trump administration intends to define an “imported car.” A Japanese car…
[ad_1] Canada’s natural resources minister says there’s no guarantee that Ottawa can reach a deal with Kinder Morgan to keep the Trans Mountain pipeline expansion project alive. “There’s no certainty in these things. Pipeline politics, as you know, are not straight,” Jim Carr told CBC Radio’s The House Friday. Ottawa is in talks with the…
[ad_1] Union members representing Canadian Pacific Railway Ltd’s conductors, locomotive engineers and communications employees have served a notice to strike as early as May 29, according to a union statement released on Saturday. The strike notice comes a day after the Teamsters Canada Rail Conference rejected the company’s latest contract offer. “After workers at CP voted…
[ad_1] MOSCOW (Reuters) – A return to the oil production levels that were in place in October 2016, baseline for the current deal to cut output, is one of the options for easing curbs, Russia’s energy minister said on Saturday. Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum…
[ad_1] MOSCOW (Reuters) – A return to the oil production levels that were in place prior to the 2016 deal to cut output is one of the options for easing curbs, Russia’s energy minister said. Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018.…
[ad_1] The Canadian dollar fell to a two-week low against the U.S. dollar on Friday as lower oil prices and global trade tensions continue to weigh on the currency. The loonie is already down more than three per cent this year and was at 77.11 cents US on Friday. But analysts say the risks facing the Canadian dollar could intensify…
[ad_1] MEXICO CITY (Reuters) – Mexican miner and infrastructure firm Grupo Mexico on Friday said in a statement that seven freight train derailments were due to “sabotage” and would cost the company 312 million pesos ($16 million). FILE PHOTO: The logo of mining and infrastructure firm Grupo Mexico is pictured at its headquarters in Mexico…
[ad_1] WASHINGTON (Reuters) – T-Mobile US (TMUS.O) said it is getting advice on its proposed $26 billion merger with Sprint Corp (S.N) from a lobbying firm whose staff includes several members of President Donald Trump’s election team such as former campaign manager Corey Lewandowski. Former Trump campaign manager Corey Lewandowski departs after appearing before the…
[ad_1] TOKYO (Reuters) – As Japan gears up to host the Rugby World Cup and Olympic Games in consecutive years, many businesses are seizing on the opportunity to capitalize on the influx of tourists, media and athletes for both big events. Sagami Rubber Industries’ researcher explains condoms production process at a laboratory in Atsugi, Kanagawa…
[ad_1] FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday. FILE PHOTO: Audi CEO Rupert Stadler speaks during the company’s annual news conference in Ingolstadt, Germany March 15, 2018.…
[ad_1] (Reuters) – The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. FILE PHOTO: A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken on March…
[ad_1] FRANKFURT/SAN FRANCISCO (Reuters) – Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week. Transporting equipment for a production line by air is costly…
[ad_1] WestJet and the Air Line Pilots Association have agreed to a settlement process through the Federal Mediation and Conciliation Service. “The parties have agreed to mediation, and if required, final and binding arbitration,” WestJet said in a release Friday evening. “WestJet guests can now book and travel with confidence.” More to come [ad_2] Source link
[ad_1] WASHINGTON (Reuters) – The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday. As with a similar announcement earlier in the week, the proposed deal ran into immediate resistance in Congress, where Democrats and Trump’s…
[ad_1] NEW YORK (Reuters) – A South Carolina jury on Friday could not agree on a verdict in a case of a woman whose family said her long-term use of Johnson & Johnson’s Baby Powder led to her death from asbestos-related cancer, resulting in a mistrial. A Johnson & Johnson building is shown in Irvine,…
[ad_1] NEW YORK (Reuters) – A South Carolina jury on Friday could not agree on a verdict in a case of a woman whose family said her long-term use of Johnson & Johnson’s Baby Powder led to her death from asbestos-related cancer, resulting in a mistrial. A Johnson & Johnson building is shown in Irvine,…
[ad_1] SAN FRANCISCO (Reuters) – S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed. Traders work on the floor of the New York Stock Exchange in…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] Canada’s main stock index continued to fall Friday as the price for oil moved below US$70 a barrel and further dragged down the important energy sector. “Today, oil is by far the major story,” said Macan Nia, a senior investment strategist at Manulife Investments. “We’re seeing markets down today mainly on the news of…
[ad_1] Mercer International says it intends to voluntarily de-list from the Toronto Stock Exchange on June 11, about three months after it lost a six-year-old NAFTA battle with the Canadian government. The U.S.-based forest products company had mounted a $250-million claim against the Canadian government in early 2012. It alleged that BC Hydro and the…
[ad_1] (Reuters) – The consumer staples index .SPLRCS, the S&P 500’s biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21,…
[ad_1] GRANITE CITY, Ill. (Reuters) – After Donald Trump was elected president in 2016 on a pledge to “Make America Great Again” and revive the country’s old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. Steel workers return to work…
[ad_1] Republican congressman Kevin Cramer says he thinks a new NAFTA deal is still possible before the current session of Congress winds up at the end of the year. Enough progress has been made during negotiations for the three NAFTA nations to find common ground to build an amended trade agreement, Rep. Cramer said Thursday in an interview with CBC Radio’s The…
[ad_1] The Trump administration has pinned a target on B.C.’s wine regulations, promising to escalate the ongoing trade dispute at the World Trade Organization. On Friday the administration issued notice it has requested that the WTO establish a dispute settlement panel to examine the “unfair regulations governing the sale of wine in grocery stores in…
[ad_1] BRUSSELS (Reuters) – Search engines like Google (GOOGL.O) and Microsoft’s Bing (MSFT.O) could be made to pay for showing snippets of news articles under draft copyright rules endorsed by European Union ambassadors on Friday. The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018.…
[ad_1] WASHINGTON (Reuters) – The U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, the Trump administration told lawmakers, according to a report Friday in the New York Times. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile…
[ad_1] (Reuters) – The S&P 500 index and the Dow Jones Industrial Average dipped on Friday as a steep drop in oil prices weighed on energy stocks, with losses limited by gains in chipmakers and healthcare shares. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange…
[ad_1] A group of Montreal condominium buyers fear they’ve lost both their deposits and their condos after the unfinished building they were to move into in Saint-Henri was sold to another developer. The new developer, Gestion S. Lampron, claims the company has no legal tie to the buyers. “We did not acquire contracts,” said president Stéphane Lampron in a recent email to…
[ad_1] The risk of a potential strike at CP Rail could be decided this afternoon once members from two unions complete voting on a three-year deal rejected by their negotiating teams. At stake is whether the threat of a strike is immediately averted or additional efforts are required to secure labour peace. Federal Employment Minister…
[ad_1] BOSTON (Reuters) – Billionaire investor Carl Icahn, who spent years defending Herbalife (HLF.N) against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview…
[ad_1] Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. Models in Canada, Mexico and other countries also are affected, but the company is still sorting out which ones. The company is warning owners not to use…
[ad_1] MEXICO CITY (Reuters) – Mexican Economy Minister Ildefonso Guajardo said on Friday he saw a 40-percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico’s presidential election on July 1. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo speaks to the media during a news conference at Los Pinos…
[ad_1] Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC’s chief said a complaint from U.S. President Donald Trump over high prices had triggered the idea of upping output. Riyadh and Moscow are prepared to ease output cuts to calm consumer…
[ad_1] (Reuters) – U.S. stock market futures steadied on Friday, helped by a measured response by North Korea to President Donald Trump’s cancelling of a planned summit, while a slump in oil prices pressured energy stocks. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Any Canadian business that collects personal information about residents of the European Union — whether they’re tourists, students or online customers — risks maximum fines of $30 million or more if they violate a sweeping new EU privacy law that takes effect Friday. But privacy experts say many small- and mid-sized Canadian companies have…
[ad_1] SHANGHAI/BENGALURU (Reuters) – Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy. A man stands on the Bund in front of Shanghai’s financial district…
[ad_1] ST PETERSBURG (Reuters) – Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the initial plan to list the company this year. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle…
[ad_1] BERLIN (Reuters) – Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Germany’s KBA…
[ad_1] An “unlikely” string of events prompted Amazon’s Echo personal assistant device to record a Portland, Ore., family’s private conversation and then send the recording to an acquaintance in Seattle, the company said Thursday. The woman told KIRO-TV in Seattle that two weeks ago an employee of her husband contacted them to say he thought…
[ad_1] BONN (Reuters) – Bayer (BAYGn.DE) said positive synergy effects from the planned takeover of U.S. seeds maker Monsanto (MON.N) would be about $300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the…
[ad_1] Far from the din of protest over the Trans Mountain pipeline expansion, legislation that could fundamentally change the future of Canadian energy development is taking shape in Ottawa. Bill C-69, unveiled in February, is headed back to the House of Commons after passing through the committee process, where debate heated up this week as opposition MPs…
[ad_1] It’s rare that a perfect illustration of a trade war comes along. But a ship full of an obscure crop called sorghum has become a token of what can happen. The ship has been zigging and zagging through the ocean for weeks, trying to navigate an ever-changing trade landscape as the U.S. and China exchange tit-for-tat…
[ad_1] TOKYO (Reuters) – Global shares were on the mend on Friday as Pyongyang’s measured response to U.S. President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] NEW YORK (Reuters) – The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. FILE PHOTO: Meghan, Duchess of Sussex attends a garden party at Buckingham Palace, in London, Britain May 22, 2018. Dominic Lipinski/Pool via Reuters…
[ad_1] WASHINGTON (Reuters) – Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress. FILE PHOTO: A general view of the U.S. Internal Revenue Service (IRS) building in Washington, U.S., May 27, 2015. REUTERS/Jonathan Ernst/File…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will visit China early next month for another round of talks amid ongoing trade frictions between the world’s two largest economies. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a Senate Commerce, Justice, Science and Related Agencies Subcommittee holds a hearing on the FY2019 funding…
[ad_1] MEXICO CITY/WASHINGTON (Reuters) – Mexican President Enrique Pena Nieto on Thursday expressed optimism about NAFTA talks that have been thrown into disarray by a U.S. probe exploring auto tariffs, while a source said Mexico had made a new offer to seek a deal. FILE PHOTO: The flags of Canada, Mexico and the U.S. are…
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross will visit China from June 2 to 4 to discuss Sino-U.S. trade relations, the official Xinhua News Agency said on Friday. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross arrives at a Senate Commerce, Justice, Science and Related Agencies Subcommittee holds a hearing on the FY2019 funding…
[ad_1] Online retail giant Amazon is set to make a major investment in Ottawa, with a warehouse that will employ roughly 1,000 people, according to two members of Parliament. Orléans MP Andrew Leslie confirmed in an interview with CBC News that the company plans to take over a giant warehouse proposed for 5371 Boundary Rd., near…
[ad_1] (Reuters) – A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned of a “staggering” blow to the industry and the prospect of a global trade war. Automobiles are on a truck for delivery to a car lot…
[ad_1] TOKYO (Reuters) – Asian shares were slightly weaker on Friday amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue. Market prices are reflected in a glass window at the Tokyo Stock Exchange…
[ad_1] LAS VEGAS (Reuters) – The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.…
[ad_1] MEXICO CITY/WASHINGTON (Reuters) – Mexico will not buckle to pressure to conclude the long-stalled renegotiation of NAFTA, President Enrique Pena Nieto’s spokesman said on Thursday, but a source said the country made a new offer after the United States launched a probe exploring auto tariffs. FILE PHOTO: The flags of Canada, Mexico and the…
[ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) Google sought to ease online publisher concerns on Thursday about the effects European data privacy rules going into effect in just a few hours will have on their ad business. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of…
[ad_1] (Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages. Silhouette of mobile user is seen next to…
[ad_1] (Reuters) – A California jury on Thursday ordered Johnson & Johnson to pay $4 million in punitive damages to a woman who said she developed cancer after being exposed to asbestos in the company’s baby powder, pushing the total damages award in the case to $25.7 million. A Johnson & Johnson building is shown…
[ad_1] (Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million Apple Inc for copying patented smartphone features, technology publication CNET reported, bringing a years-long feud between the technology companies into its final stages. Silhouette of mobile user is seen next to a…
[ad_1] OpenStack is one of the most important and complex open-source projects you’ve never heard of. It’s a set of tools that allows large enterprises ranging from Comcast and PayPal to stock exchanges and telecom providers to run their own AWS-like cloud services inside their data centers. Only a few years ago, there was a lot…
[ad_1] WASHINGTON (Reuters) – U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters on Thursday. The U.S. Capitol Building is seen shortly before sunset in Washington, U.S. May…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric. FILE PHOTO: Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and ordered a probe of auto imports, while gains in Netflix (NFLX.O) pushed its market value to a record. FILE PHOTO: Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – U.S. stocks mostly eased on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and ordered a probe of auto imports, while gains in Netflix (NFLX.O) pushed its market value to a record. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] SAN FRANCISCO (Reuters) – Netflix’s (NFLX.O) stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co (DIS.N) for the first time, making it the world’s most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television. The Netflix logo is shown above their…
[ad_1] (Reuters) – Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists’ credibility, spurred by his frustration at media reports about the electric car maker. FILE PHOTO: Elon Musk speaks at a Boring Company community meeting…
[ad_1] (Reuters) – U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] Trump administration attorneys were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups and Native American groups that want to derail the project. The 1,800-kilometre line proposed by TransCanada Corporation was rejected in 2015 by former President Barack Obama because of its potential to exacerbate climate…
[ad_1] Canada is still open to working with China in the future, despite killing the massive takeover of Canadian construction company Aecon Group Inc. by Chinese interests, says Innovation Minister Navdeep Bains. “I’m confident that we’ll continue to work together. We want to pursue strong economic ties with China and we’ll continue to engage them…
[ad_1] McDonald’s isn’t ready to stop offering plastic straws, despite environmental concerns. A shareholder proposal to pressure the world’s biggest hamburger chain on the matter was voted down at the company’s annual meeting Thursday. The proposal by activist group SumOfUs asked for a report about the “business risks” of using plastic straws at the chain’s…
[ad_1] Royal Bank of Canada’s second-quarter profit surpassed market expectations with a more than nine per cent jump compared with a year ago, on strong results across its divisions and on both sides of the border. Canada’s biggest lender by market value reported net income attributable to common shareholders of $2.98 billion or $2.06 per…
[ad_1] TD Bank posted a more than 17 per cent increase in net income in the second quarter compared with a year earlier, blowing past market expectations. The Toronto-based lender reported net income attributable to common shareholders of $2.85 billion or $1.54 per diluted share for the quarter ended April 30, up from $2.43 billion…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) has agreed to pay $23.85 million to resolve allegations it illegally paid kickbacks to Medicare patients through a purportedly independent charitable foundation, the U.S. Department of Justice said on Thursday. FILE PHOTO: The Pfizer logo is seen at their world headquarters in New York April 28, 2014. REUTERS/Andrew Kelly/File…
[ad_1] Car2go, the prominent car-sharing company with thousands of users in Toronto, plans to stop operations in the city on May 31, it announced Thursday in a news release. The company blames city hall, saying a new free-floating car-sharing pilot program passed by council in April is overly restrictive and renders its service “inoperable.” Car2go…
[ad_1] U.S. President Donald Trump is mulling slapping tariffs of up to 25 per cent on all vehicles imported into the United States, throwing a wrench into negotiations for a new North American free trade deal. The Commerce Department said Wednesday that the administration was considering imposing tariffs on all imported vehicles, under little-used Section…
[ad_1] InVision, the startup that wants to be the operating system for designers, today introduced its app store and asset store within InVision Studio. In short, InVision Studio users now have access to some of their most-used apps and services from right within the Studio design tool. Plus, those same users will be able to…
[ad_1] HONG KONG/MOSCOW (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc , said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctions on it. FILE PHOTO: The company logo of United Company RUSAL is displayed…
[ad_1] (Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. FILE PHOTO: A logo of General Motors is pictured…
[ad_1] When Box announced Zones a couple of years ago, it was providing a way for customers to store data outside the U.S., but there were some limits. Each customer could choose the U.S. and one additional zone. Customers wanted more flexibility, and today the company announced it was allowing them to choose to multiple…
[ad_1] MILAN (Reuters) – What do you get when luxury fashion meets sport? $10,000 sneakers. A model presents a creation from the Dolce&Gabbana Autumn/Winter 2018 women collection during Milan Fashion Week in Milan, Italy February 25, 2018. Picture taken February 25, 2018. REUTERS/Alessandro Garofalo High-end brands such as Kering’s (PRTP.PA) Gucci, Prada (1913.HK) and Balenciaga…
[ad_1] BRUSSELS (Reuters) – European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom (GAZP.MM). FILE PHOTO: European Competition Commissioner Margrethe Vestager holds a news conference at the EU Commission’s headquarters in Brussels, Belgium October 4, 2017. REUTERS/Francois Lenoir/File Photo…
[ad_1] LONDON (Reuters) – World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey’s lira slumped back after a huge emergency interest rate hike failed to stem its problems. An investor sits in front of an electronic board showing stock information at a brokerage house in Nanjing,…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients. Christian Sewing, new CEO of Germany’s Deutsche Bank, addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May…
[ad_1] NEW YORK (Reuters) – Vistra Energy Corp (VST.N) and Dominion Energy Inc (D.N) – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants. Duke Energy wind farm is pictured in Notrees, Texas, U.S. April 5, 2018. Picture…
[ad_1] FRANKFURT/BERLIN (Reuters) – Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp’s (TKAG.DE) leadership to revive the German industrial conglomerate’s fortunes, confirming it had taken a stake of less than 3 percent. FILE PHOTO: The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company’s annual news…
[ad_1] Only a few months ago, a New Democratic government in Ontario was being ruled out by everyone but NDP partisans. But a shift in the polls is showing that the people of Ontario — and the people of Canada — must face a new possibility. As Liberal party support plunges, Ontario voters are left with a choice between Ford Nation and the NDP.…
[ad_1] MOSCOW (Reuters) – U.S. consumer goods group Procter & Gamble (P&G) (PG.N) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks. Sotirios Marinidis, General Manager Eastern Europe and Central Asia at Procter & Gamble, speaks during an interview in Moscow, Russia May 18, 2018.…
[ad_1] MOSCOW (Reuters) – The world’s largest consumer goods maker Procter & Gamble (PG.N) plans to invest a further 3 billion roubles ($48.5 million) in its Russian production facilities this year, a senior company executive overseeing the Russian market told Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company…
[ad_1] WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will shrink global staff to well below 90,000 from the current 97,000, as part of a broad restructuring move to reduce costs and restore profitability, it said on Thursday. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo…
[ad_1] SHANGHAI/SINGAPORE (Reuters) – Australian airline Qantas Airways (QAN.AX) said on Thursday that it has been given more time to clarify how it refers to Chinese territories on its website, as a deadline set by Chinese authorities approaches. FILE PHOTO: A worker unloads a Qantas Airways Boeing 747 at Sydney’s International airport in Australia, June…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Thursday said it plans to build a plant to manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to mass manufacture hydrogen-powered cars to expand their usage as a zero emissions alternative to gasoline vehicles. FILE PHOTO: The Toyota logo…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Thursday after the U.S. government launched a national security probe into auto imports that could lead to new tariffs, and President Donald Trump’s comments indicated fresh setbacks in U.S.-China trade talks. An investor sits in front of an electronic board showing stock information at a brokerage house…
[ad_1] BEIJING (Reuters) – China’s Premier Li Keqiang said on Thursday China has always supported a unified and prosperous Europe and that China and Germany uphold free trade. German Chancellor Angela Merkel and Chinese Premier Li Keqiang attend a welcome ceremony outside the Great Hall of the People in Beijing, China May 24, 2018. REUTERS/Jason…
[ad_1] SHANGHAI (Reuters) – Japanese retailer Muji has been fined 200,000 yuan (23,445 pounds) in Shanghai for using packaging that lists Taiwan as a country, underscoring China’s growing sensitivity to how companies refer to the self-ruled island. A woman walks outside a newly opened Muji store at a shopping mall in Hangzhou, Zhejiang province, China…
[ad_1] HONG KONG (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc (0486.HK), said on Thursday its chief executive and seven board members have quit, and warned it may have problems servicing its debt due to the impact of U.S. sanctions. FILE PHOTO: The company logo of United Company RUSAL is displayed during a…
[ad_1] SHANGHAI (Reuters) – Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates. An investor sits in front of an electronic board showing stock…
[ad_1] WASHINGTON (Reuters) – The Trump administration on Wednesday launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. FILE PHOTO: U.S. President Donald Trump talks with auto industry leaders, including General Motors CEO Mary Barra (4th…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he asked his commerce secretary to considering opening an investigation into the effect of vehicle imports on national security, a move that could lead to the imposition of tariffs. FILE PHOTO: U.S. President Donald Trump talks with auto industry leaders, including General Motors CEO…
[ad_1] WASHINGTON (Reuters) – The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminum and steel, an administration official and three industry officials briefed on the matter said. FILE PHOTO: U.S. President Donald Trump speaks at the Susan B. Anthony…
[ad_1] NEW YORK (Reuters) – Johnson & Johnson (JNJ.N) and its talc suppliers on Wednesday were hit with a $21.7 million jury verdict in a lawsuit by a woman who said she developed cancer after being exposed to asbestos in the company’s Baby Powder. FILE PHOTO: A Johnson & Johnson building is shown in Irvine,…
[ad_1] Square, the company that provides payments and other business services to merchants, is today taking another step in its gradual expansion outside of the U.S. Stand — one of Square’s key pieces of hardware, turning an iPad into a point of sale system — is launching in the U.K. It will sell for £64…
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) on Wednesday revealed details of the employee anti-bias training program that will take place behind closed doors at 8,000 U.S. company-owned cafes on the afternoon of May 29. A flag flies above the company’s headquarters as Starbucks Corp opens the first upscale Starbucks Reserve store at the…
[ad_1] The federal government has blocked the sale of Canadian construction company Aecon Group Inc. to Chinese interests, the office of Innovation Minister Navdeep Bains has confirmed to CBC News. The controversial deal between construction company Aecon and Chinese state-owned company CCCI would have been worth $1.5 billion. A government official, speaking to Radio-Canada on background, said Ottawa blocked the sale for “national security” reasons.…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is considering launching a trade investigation of auto imports on national security grounds, a senior Trump administration official said on Wednesday. U.S. President Donald Trump waves as he arrives aboard Air Force One at John F. Kennedy International Airport in New York, U.S., May 23, 2018. REUTERS/Kevin…
[ad_1] (Reuters) – U.S. President Donald Trump’s administration is weighing a plan that would impose new tariffs on imported vehicles on national security grounds, the Wall Street Journal reported on Wednesday. U.S. President Donald Trump waves as he boards Air Force One to travel to New York from Joint Base Andrews in Maryland, U.S., May…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City,…
[ad_1] SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc [UBER.UL] is not shuttering its entire autonomous vehicle program, a spokeswoman said, adding that it will focus on limited testing in…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox (FOXA.O), setting up a bidding war with rival Walt Disney Co (DIS.N), which already has agreed to a $52-billion deal with Fox. The largest U.S. cable operator said it…
[ad_1] (Reuters) – The S&P 500 erased losses to trade little changed on Wednesday after minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster interest rate hikes. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York…
[ad_1] Uber is ending its operation of self-driving cars in Arizona more than two months after a woman was struck and killed by one of its vehicles. The company notified about 300 workers Wednesday that their positions would be terminated. Uber previously suspended operations of autonomous vehicles following the March 18 accident in which a…
[ad_1] WASHINGTON (Reuters) – President Donald Trump, who has repeatedly pledged to revive American manufacturing, said on Wednesday that “big news” was coming that would be welcomed by U.S. auto workers, and he suggested it was somehow linked to NAFTA trade talks. FILE PHOTO: U.S. President Donald Trump speaks at the Susan B. Anthony List…
[ad_1] A number of Canadian retailers have seen their reputations improve sharply this year, while a well known coffee and doughnut chain declined, according to an annual ranking published Wednesday. For the second year in a row, Mountain Equipment Co-op has topped the list of Canadian companies with the best reputations, compiled by market research…
[ad_1] WASHINGTON (Reuters) – A U.S. Senate Committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of T-Mobile US (TMUS.O) and Sprint Corp (S.N). FILE PHOTO: The Sprint logo is displayed on a a screen on the floor of the New York Stock Exchange (NYSE) in New York City,…
[ad_1] If your flight is grounded by a WestJet pilots’ strike, you might be better off if you’re flying outside Canada than in, an airline passenger advocate warns. The airline’s pilots — represented by the Air Line Pilots Association — voted 91 per cent in favour of a strike earlier this month and could have walked…
[ad_1] It’s the fast food equivalent of a Zen riddle: Is a McDonald’s Happy Meal toy worth as much in a Happy Meal box as on its own? No, according to a petition filed by McDonald’s Restaurants of Canada in B.C. Supreme Court last week. The fast food giant is appealing a B.C. Ministry of…
[ad_1] U.S. President Donald Trump, who has repeatedly pledged to revive American manufacturing, on Wednesday said “big news” was coming that would be welcomed by U.S. autoworkers but he gave no details. “There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you…
[ad_1] Just over a week remains until the May 31 deadline for abandoning Kinder Morgan Canada’s Trans Mountain pipeline expansion, and no suitors have publicly emerged to step into the builder’s shoes. Analysts and observers say they remain perplexed by Finance Minister Bill Morneau’s comment last week that “plenty of investors would be interested in…
[ad_1] Consider that there are millions of Okta users out there using the service to sign into their company applications with a single set of credentials. Yet getting customers to work together using Okta authentication was an enormous task for developers. Okta wanted to simplify it, so they created a service they are calling it…
[ad_1] The price of the North American oil benchmark briefly touched $72 US a barrel late Tuesday despite the OPEC oil cartel publicly mulling boosting supply as soon as next month. The price of West Texas Intermediate, the North American oil benchmark commonly known as WTI, was changing hands as high as $72.83 at one point on…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.” FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by…
[ad_1] CIBC reported better-than-expected results for its second quarter with a nearly 25 per cent increase in net income compared with a year ago. The lender reported a profit attributable to common shareholders of $1.29 billion or $2.89 per diluted share for the quarter ended April 30, up from $1.04 billion or $2.59 per diluted…
[ad_1] (Reuters) – U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.-China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes. FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock…
[ad_1] SAN FRANCISCO (Reuters) – Two U.S. consumer advocacy groups urged the Federal Trade Commission on Wednesday to investigate what they called Tesla Inc’s “deceptive and misleading” use of the name Autopilot for its assisted-driving technology. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay/File…
[ad_1] LONDON (Reuters) – Investors sold equities on Wednesday and raced to buy yen and government bonds from the United States and Germany on fears that setbacks to U.S-China trade talks would undermine increasingly fragile-looking world growth. People walk past an electronic board showing exchange rate between Japanese Yen and U.S. Dollar outside a brokerage…
[ad_1] MOSCOW (Reuters) – VTB (VTBR.MM), Russia’s second-largest bank, has stopped lending to sanctioned Russian metals tycoon Oleg Deripaska, VTB’s President Andrei Kostin told CNBC in an interview released on Wednesday. FILE PHOTO: President of En+ Group, Oleg Deripaska attends an agreement signing ceremony with the Krasnoyarsk region’s government, in Moscow, Russia December 12, 2017.…
[ad_1] PARIS (Reuters) – Workers at France’s state-owned SNCF rail company on Wednesday resoundingly rejected President Emmanuel Macron’s planned overhaul of the railways in an internal ballot organized by labor unions. FILE PHOTO: French state-owned SNCF railway company employees and labour union members demonstrate as part of a nationwide strike in Paris, France, May 14,…
[ad_1] Excited to announce that this year’s The Europas Unconference & Awards is shaping up! Our half day Unconference kicks off on 3 July, 2018 at The Brewery in the heart of London’s “Tech City” area, followed by our startup awards dinner and fantastic party and celebration of European startups! The event is run in…
[ad_1] Millennials are showing increasing interest in a traditional sector of the economy, as young Canadians buy into franchise brands and create new franchise concepts. Though jobs numbers in Canada are generally improving, many millennials continue to face the prospect of precarious employment. Others struggle to find purpose in conventional jobs. Franchising offers an attractive…
[ad_1] BEIJING (Reuters) – Tesla Inc (TSLA.O) has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world’s largest auto market pivots towards electric cars. FILE PHOTO: Visitors look at a Tesla Model S car…
[ad_1] (Reuters) – Shares of Vedanta Ltd (VDAN.NS) fell to their lowest since July 5, 2017, after at least nine people were killed in the southern state of Tamil Nadu when police fired at violent protesters calling for the closure of a copper smelter run by parent Vedanta Resources Plc (VED.L). Women shout slogans during…
[ad_1] EAST PEORIA, Ill. (Reuters) – Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. (CAT.N) factory in central Illinois have jumped, in general, three-fold over the past year. A worker uses a hydraulic press to squeeze sand into a mold that will be used to make parts at Kirsh…
[ad_1] (Reuters) – Shareholders of casino operator Wynn Resorts Ltd (WYNN.O) voted against the company’s executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday. FILE PHOTO: Company logos are displayed at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip The company’s founder, Steve…
[ad_1] TOKYO (Reuters) – Asian shares were mostly weak on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world’s two largest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan’s Nikkei lost as much as…
[ad_1] OTTAWA (Reuters) – Top U.S., Canadian and Mexican officials are in constant contact about slow-moving talks to revitalize NAFTA and are ready to meet at any time to push the process forwards, Canada’s foreign minister said on Tuesday. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before…
[ad_1] BEIJING (Reuters) – China’s ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington’s ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo The…
[ad_1] BRUSSELS (Reuters) – Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network’s data policies as lengthy questions left the 34-year-old American little time to answer. Betraying little emotion, Zuckerberg apologised to leaders of the European Parliament in Brussels for a massive data leak, in his latest attempt to…
[ad_1] LOS ANGELES/NEW YORK (Reuters) – Ten women who work at McDonald’s restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its franchisees, which they said ignored or retaliated against them for such complaints. The logo…
[ad_1] TOKYO (Reuters) – Asian shares edged up on Wednesday but investors were cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world’s two largest economies. People walk past an electronic board showing exchange rate between Japanese Yen and U.S. Dollar outside a brokerage at a…
[ad_1] PARIS (Reuters) – France’s rail unions will announce on Wednesday the results of a staff ballot on government plans to create a leaner, more efficient public railway company before the monopoly is opened to competition in line with European Union rules. FILE PHOTO: French state-owned SNCF railway company employees and labour union members demonstrate…
[ad_1] (Reuters) – Consumer Reports said Tuesday it will retest brakes on Tesla Inc’s new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine’s negative review weighed on Tesla shares. A review by the influential magazine on Monday said the car, despite many…
[ad_1] BRUSSELS (Reuters) – European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminium, the bloc’s trade chief said on Tuesday. Metal coils are seen at ArcelorMittal steel plant in Ghent, Belgium, May 22,…
[ad_1] WASHINGTON (Reuters) – Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs (GS.N), Morgan Stanley (MS.N) and JPMorgan Chase (JPM.N), will not be breaking out the champagne. People walk by a Wall Street sign close to the New York…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp (000063.SZ) (0763.HK) and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company. Trump’s proposal ran into immediate resistance in Congress, where Republicans and Democrats accused the president…
[ad_1] The prosecution made its case Tuesday for a “harsh and significant” sentence of between 10 and 12 years for the two central figures behind Nova Scotia’s largest stock manipulation fraud. The sentencing hearing in Nova Scotia Supreme Court in Halifax was for former Knowledge House president Dan Potter, 66, and securities lawyer Blois Colpitts,…
[ad_1] The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means that two of the world’s most well-known exchanges will…
[ad_1] The B.C. government has filed a statement of claim in Alberta’s Court of Queen’s Bench over legislation that allows Alberta to restrict oil and gas shipments to B.C. The legislation was passed last week in response to B.C.’s continued opposition to the Trans Mountain pipeline expansion. The statement of claim seeks a declaration that the Preserving Canada’s…
[ad_1] NEW YORK (Reuters) – U.S. stocks mostly dipped on Tuesday as investors weighed comments on trade talks between the United States and China and as energy and industrial shares fell. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2018. REUTERS/Brendan McDermid/File Photo…
[ad_1] KHOBAR, Saudi Arabia/LONDON (Reuters) – OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry sources familiar with the discussions told Reuters. FILE PHOTO: A flag with the Organization…
[ad_1] The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means that two of the world’s most well-known exchanges will…
[ad_1] Facebook boss Mark Zuckerberg apologized to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world’s biggest social media network. Zuckerberg agreed to meet leaders of the European Parliament to answer questions about how political consultancy Cambridge Analytica…
[ad_1] As Slack tries to graduate beyond a Silicon Valley darling to the go-to communications platform within a company, it’s had to find ways to increasingly pitch itself as an intelligent Swiss Army knife for companies — and not just a simple chat app — and it is trying to continue that today once again with…
[ad_1] WestJet Airlines Ltd. says contract negotiations with its pilots resumed Monday in Calgary. Talks between the airline and pilots represented by the Air Line Pilots Association moved from Halifax where they took place last week. Neither side would say if any progress was being made. The pilots had committed not to disrupt passenger travel…
[ad_1] A former Valeant Pharmaceuticals International Inc executive and the former chief of mail order pharmacy Philidor Rx Services were found guilty on Tuesday of defrauding Valeant through a multimillion-dollar kickback scheme. The verdict, handed up by a jury in Manhattan federal court, comes on the heels of Valeant’s announcement that it will change its…
[ad_1] Dropbox announced several enhancements today designed to beef up its mobile offering and help employees on the go keep up with changes to files stored in Dropbox . In a typical team scenario, a Dropbox user shared a file with a team member for review or approval. If they wanted to check the progress…
[ad_1] Shares in Canadian e-commerce software maker Shopify Inc fell around 6 per cent on Tuesday after Adobe Systems Inc. announced it was buying rival Magento Commerce. Magento, which counts CocaCola Co, Intelligentsia Coffee, Canon Inc and Burger King among its customers, helps companies build online stores, competing with Shopify whose software and consulting expertise…
[ad_1] As sensors become cheaper and easier to install, the whole process of maintaining equipment and assets is starting to shift from just scrambling to fix problems to getting a hold of issues before they get out of control. That’s opened the door for startups like Fiix, which are creating workflow software that helps companies…
[ad_1] Tesla Inc. chief executive officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Responding to a review by influential U.S. magazine Consumer Reports which stopped…
[ad_1] As companies start to gather more and more data on their users and customers, including a firehose of information from a nigh-endless flow of tests, managing and maintaining that data isn’t the only place companies are hitting a wall — and figuring out who can actually access it is becoming just as big of…
[ad_1] (Reuters) – J.C. Penney’s (JCP.N) Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc (LOW.N), the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent. FILE PHOTO: A shopper leaves the J.C. Penney department store in North Riverside, Illinois,…
[ad_1] While knowledge workers are handling increasingly difficult tasks — ones that may be much easier to handle with just a Python script — Alex Yaseen thinks that in the future not everyone will actually need to learn how to code. Instead, he hopes that tools like the one he’s building, called Parabola, will bridge that…
[ad_1] BEIJING (Reuters) – Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world’s two largest economies. The reprieve for ZTE, hit by a seven-year ban in April…
[ad_1] The United States has raised tariffs on steel from Vietnam that Washington says originated in China and evaded anti-dumping duties on Chinese steel. The announcement following this week’s truce in a broader trade dispute between Beijing and Washington reflects the wide array of strains in the world’s biggest trading relationship. Importers of corrosion-resistant and…
[ad_1] FRANKFURT (Reuters) – Big companies are used to harvesting vast amounts of data from customers to find out what makes them tick. Now, as Europe’s new data protection law comes into effect this week, activists are looking to turn the tables. FILE PHOTO: Activist Arne Semsrott of the “OpenSCHFA” campaign is pictured in his…
[ad_1] TEL AVIV (Reuters) – The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund’s head said. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, responds to a question on the alliance’s new…
[ad_1] BRUSSELS (Reuters) – Facebook Chief Executive Mark Zuckerberg will meet with leaders of the European Parliament on Tuesday to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy. The meeting comes three days before tough new European Union rules on data protection take…
[ad_1] GENEVA (Reuters) – Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminum by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday. FILE PHOTO: A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3,…
[ad_1] BRUSSELS (Reuters) – Europe’s proposals to open its markets wider to U.S. products including cars appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc’s trade chief said on Tuesday. FILE PHOTO: U.S. President Donald Trump speaks at swearing in ceremonies for new CIA…
[ad_1] MOSCOW (Reuters) – Russia’s standards agency said on Tuesday it had been informed about the voluntary recall of 11,003 Audi (NSUG.DE) cars sold since last year. FILE PHOTO: An Audi logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt The watchdog said the reason for…
[ad_1] TOKYO (Reuters) – Sony Corp (6758.T) said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s biggest music publisher in an industry that has found new life in streaming services. Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida attends a news conference on their business…
[ad_1] It may seem crazy, but the world’s biggest retailer is working on a scheme to use artificial intelligence to decide what you will want to buy before you’ve decided to buy it and send it to your home. AI, after years lurking in the background, is about to get significantly more intrusive. And according to the experts,…
[ad_1] BRUSSELS (Reuters) – A proposal to get exemption from U.S. tariffs on steel and aluminum and promises of closer trade ties may not be sufficient to convince the United States government, EU trade Commissioner Cecilia Malmstrom said on Tuesday. FILE PHOTO: European Commissionner Cecilia Malmstrom (not pictured) and European Commissioner Phil Hogan hold a…
[ad_1] SYDNEY (Reuters) – Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6,…
[ad_1] JOHANNESBURG/BRUSSELS/LONDON (Reuters) – Sitting outside the ramshackle Vimba Tavern in Johannesburg’s Alexandra township, Patrick Mashego swigs from a one-liter bottle of Carling Black Label, South Africa’s most popular beer. A woman serves a one litre bottle of AB Inbev’s Carling Balck Label beer at a bar in Cape Town, South Africa, May 11, 2018.…
[ad_1] SYDNEY (Reuters) – Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6,…
[ad_1] CHICAGO (Reuters) – U.S. farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump’s promises for more sales to China. FILE PHOTO: Corn is seen in a field in Morocco, Indiana, U.S. September…
[ad_1] BEIJING (Reuters) – Washington and Beijing are nearing a deal that will remove an existing order banning U.S. firms from supplying telecommunications firm ZTE Corp (000063.SZ) (0763.HK), two people briefed on the talks said. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World…
[ad_1] BEIJING (Reuters) – The U.S. government will lift an order banning U.S. companies from selling components and software to China’s ZTE Corp (000063.SZ) (0763.HK), the Wall Street Journal reported on its Chinese microblog account, citing unnamed sources. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at…
[ad_1] (Reuters) – LaSalle Hotel Properties (LHO.N) decided to sell itself to private equity firm Blackstone Group LP (BX.N) for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust (PEB.N). FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the…
[ad_1] NEW YORK (Reuters) – Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff. An American Airlines flight lands at Logan International Airport in Boston, Massachusetts, U.S. January 9, 2018. REUTERS/Brian Snyder Just since mid-March, the S&P 1500 airlines…
[ad_1] SYDNEY (Reuters) – The dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats, while oil stayed at multi-year peaks over potential sanctions in Venezuela. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. FILE PHOTO: Light from the setting sun shines on the Supreme…
[ad_1] (Reuters) – Some Boeing Co (BA.N) workers at the planemaker’s factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported on.wsj.com/2xav6Px on Monday, citing U.S. labor regulators. FILE PHOTO: Boeing’s logo is seen during the Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim…
[ad_1] Dana Sorensen booked a WestJet flight from her home in Vancouver to Calgary, where she’s racing in the upcoming ultra-marathon. But the anxiety of a looming pilots’ strike was too much to bear. She paid for another flight on a different airline, a peace of mind that cost her an extra $500. “[WestJet] kept saying…
[ad_1] When you’re trying to build apps, there is a very tedious point where you have to stare at a wireframe and then laboriously turn it into code. Actually, the process itself is highly repetitive and ought to be much easier. The traditional software development from front-end design to front-end html/css development to working code…
[ad_1] LONDON, May 22 (Reuters) – British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users’ data, as he will not give evidence in London himself. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing…
[ad_1] (Reuters) – Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday. FILE PHOTO: Gary Barber, co-CEO of MGM, accepts the award for…
[ad_1] (Reuters) – Influential U.S. magazine Consumer Reports will not recommend Tesla Inc’s (TSLA.O) Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk’s electric car company. The Tesla Model 3 is displayed during a media preview of…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin’s comments over the weekend that the two…
[ad_1] (Reuters) – General Electric Co (GE.N) announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp (WAB.N), with GE and its shareholders owning just over half of the combined business. The deal, first reported by Reuters on Sunday, is the biggest to be inked thus…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Monday after the United States and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also boosted by deal activity. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May…
[ad_1] Canada’s biggest banks are upping the ante in the mortgage wars amid slowing growth and national housing sales at lows not seen in several years, but analysts say real estate market woes won’t dent lenders’ earnings, just yet. The banks, which are set to begin reporting their second-quarter results this week, are expected to…
[ad_1] Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Over the weekend, the two sides pledged to keep talking about how China could import more energy and…
[ad_1] (Reuters) – U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc’s (TSLA.O) Model 3 sedan on Monday, criticising the car for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk’s venture. The Tesla Model 3 is displayed during a media preview of the Auto…
[ad_1] (Reuters) – U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc’s (TSLA.O) Model 3 electric car on Monday, criticizing it for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk’s venture. The Tesla Model 3 is displayed during a media preview of the Auto…
[ad_1] (Reuters) – Shares in Tesla Inc (TSLA.O) jumped more than 4 percent on Monday as investors were encouraged by the company’s placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan. The Tesla Model 3 is displayed during a media preview of the Auto China 2018 motor show in Beijing,…
[ad_1] (Reuters) – Activist investor Carl Icahn filed a lawsuit on Monday against AmTrust Financial Services Inc (AFSI.O) and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business…
[ad_1] There are few open source projects as complex as OpenStack, which essentially provides large companies with all the tools to run the equivalent of the core AWS services in their own data centers. To build OpenStack’s various systems the team also had to develop some of its own devops tools, and in 2012, that…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. FILE PHOTO: Light from the setting sun shines on the Supreme…
[ad_1] WASHINGTON (Reuters) – U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The North American Securities Administrators Association…
[ad_1] U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks involving the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement. “There are still some very significant, open issues,” Mnuchin said in an interview on CNBC. “We’ll see where we get over the next few weeks,” he…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA). FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin (R) is seen as he and a U.S. delegation for trade talks with China arrive at…
[ad_1] As marijuana farmers in Oregon say a flood of supply is killing their businesses less than three years after recreational cannabis was legalized, economists say it’s a warning to Canada. Stephen Easton, professor of economics at Simon Fraser University and senior fellow at the Fraser Institute, says large fluctuations in price and supply are…
[ad_1] (Reuters) – Private equity firm Blackstone Group LP (BX.N) said on Monday it would buy U.S. hotel owner LaSalle Hotel Properties (LHO.N) for $3.7 billion, topping a rival bid from Pebblebrook Hotel Trust (PEB.N) in April for $3.5 billion. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post…
[ad_1] (Reuters) – General Electric Co (GE.N) confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp (WAB.N), a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion. FILE PHOTO: The logo of General Electric is seen at its…
[ad_1] LONDON (Reuters) – A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays (BARC.L) over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations over the matter. FILE PHOTO: A Barclays sign is seen outside a branch…
[ad_1] BEIJING (Reuters) – China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in…
[ad_1] LONDON (Reuters) – Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared “on hold” while in Europe, Italy’s borrowing costs climbed and the Milan bourse fell as two anti-establishment parties got closer to power. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] There’s probably nothing more controversial in Canada right now than Kinder Morgan’s plan to expand its 1,000-kilometre Trans Mountain pipeline. The idea is to triple the amount of bitumen the pipe can carry from Alberta’s oilsands to the B.C. coast. The project has the support of the federal government, which believes the pipeline is critical to the future of…
[ad_1] TOKYO (Reuters) – Stocks rose on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war “on hold” following their agreement to suspend the tariff threats that roiled global markets this year. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18,…
[ad_1] LONDON (Reuters) – After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed. Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in central London, Britain, May…
[ad_1] MILAN (Reuters) – Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi (BMPS.MI) by 2019, Chief Executive Marco Morelli told daily Corriere della Sera. FILE PHOTO: People stand in front of Monte dei Paschi bank headquarters, downtown Siena, Italy, October 27, 2017. Picture taken October 27,…
[ad_1] HONG KONG (Reuters) – Russia’s largest aluminum producer Rusal (0486.HK) said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions. FILE PHOTO: President of En+ Group, Oleg Deripaska attends an agreement signing ceremony with the Krasnoyarsk region’s…
[ad_1] BEIJING (Reuters) – Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.…
[ad_1] (Reuters) – U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd (STO.AX) on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. FILE PHOTO: The logo of Australian oil and gas producer Santos Ltd…
[ad_1] BEIJING (Reuters) – Chinese state media on Monday praised a significant dialing back of trade tensions with Washington, saying Beijing had stood its ground and that the two countries had huge potential for win-win business cooperation. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly…
[ad_1] MEXICO CITY (Reuters) – U.S. Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Buenos Aires. FILE PHOTO: The flags of Canada, Mexico and the U.S. are…
[ad_1] LONDON (Reuters) – Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria. FILE PHOTO: The logo of oil company Eni is pictured at San Donato Milanese near Milan February 5, 2013. REUTERS/Stefano Rellandini/File Photo Now, nine current and former executives or contractors…
[ad_1] (Reuters) – Australia’s Santos Ltd (STO.AX) on Monday said it had received an improved $10.84 billion offer from U.S.-based suitor Harbour Energy, a proposal that comes at a time when oil prices are at their highest since late 2014. FILE PHOTO: The logo of Australian oil and gas producer Santos Ltd is pictured at…
[ad_1] TOKYO (Reuters) – U.S. stock futures jumped on Monday as U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold” after the world’s two largest economic powers agreed to drop their tariff threats while they work on a wider trade agreement. FILE PHOTO: A visitor is seen as market…
[ad_1] The Department of Fisheries and Oceans is temporarily closing several fishing areas in an effort to protect endangered right whales. In a tweet, Fisheries Minister Dominic LeBlanc said two North Atlantic right whales were spotted in the Gulf of St. Lawrence off the coast of New Brunswick. The closures will take effect May 22 at 4 p.m. and…
[ad_1] (Reuters) – U.S. stock future opened higher on Sunday after Treasury Secretary Steven Mnuchin said on Sunday that the United States and China agreed to drop their tariff threats to work on a wider trade agreement. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18,…
[ad_1] (Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. FILE PHOTO: The logo of General Electric Co. is pictured at the Global…
[ad_1] (Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. FILE PHOTO: The logo of General Electric Co. is pictured at the Global…
[ad_1] Winnipeg is poised to score big dividends from the international exposure the Jets’ Stanley Cup playoff run has brought to the city and province. “I couldn’t pay with my entire year’s budget for what we’ve got in the past few weeks,” said Dayna Spiring, president and CEO of Economic Development Winnipeg. “The way our Jets have been…
[ad_1] WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin (R) is seen as he and a U.S.…
[ad_1] BERLIN (Reuters) – German companies are concerned that U.S. President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany’s DIHK Chambers of Commerce told media. FILE PHOTO: U.S. President Donald Trump walks to Marine One to depart for Walter Reed National Military Medical Center…
[ad_1] PARIS (Reuters) – France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, said French finance minister Bruno Le Maire on Sunday. FILE PHOTO: French Minister for the Economy and Finance Bruno Le Maire arrives at panel…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Air Miles fine print confusion Do you know how many Air Miles your purchase earns? Turns out it varies depending on where you shop and what you buy. A Nova Scotia man…
[ad_1] WASHINGTON/KABUL (Reuters) – U.S. President Donald Trump’s decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan’s economy, endangering a key goal of the U.S. strategy to end America’s longest war. An Afghan security guard stands while supply trucks carrying containers…
[ad_1] SEOUL (Reuters) – The chairman of South Korea’s LG Group, Koo Bon-moo, instrumental to transforming the country’s fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with brain disease. LG Group chairman Koo Bon-moo is seen in this undated handout photo provided by LG Group on May 20, 2018. LG…
[ad_1] SEOUL (Reuters) – South Korea’s fourth-largest conglomerate LG Group said its Chairman Koo Bon-moo passed away on Sunday due to illness. FILE PHOTO – LG Group chairman Koo Bon-moo meets U.S. President Barack Obama (not pictured) as they attend the groundbreaking of a factory for Compact Power Inc. in Holland, Michigan, U.S. July 15,…
[ad_1] SEOUL (Reuters) – Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate LG Group, passed away on Sunday due to illness, the Yonhap news agency said. FILE PHOTO – LG Group chairman Koo Bon-moo meets U.S. President Barack Obama (not pictured) as they attend the groundbreaking of a factory for Compact Power Inc. in…
[ad_1] WASHINGTON (Reuters) – China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy…
[ad_1] Dawn Mortensen lived in Squamish, B.C., for two decades. She married a born-and-bred local man, raised a son, and delighted in the easy access to outdoor adventure. But then, something shifted. “We’ve just seen a change with all of the people moving there from the city — going from small-town Squamish to more like a…
[ad_1] A group of Canadian Tire employees in B.C. found out the hard way that petty theft from an employer is sufficient grounds to be fired, with no compensation for years of service. An internal investigation found that the long-time employees had scammed the company’s customer parking reimbursement policy, which compensates customers who pay to park while…
[ad_1] WASHINGTON (Reuters) – China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200 billion target the White House had touted earlier. FILE PHOTO: The YM Bamboo, a container ship operated by the China Ocean Shipping…
[ad_1] WASHINGTON (Reuters) – The United States and China agreed to take measures to reduce the U.S. trade deficit in goods by having China purchase more American goods – particularly agriculture and energy products, according to a joint statement the two nations released on Saturday. FILE PHOTO: The YM Bamboo, a container ship operated by…
[ad_1] FRANKFURT (Reuters) – Deutsche Boerse, the German stock exchange operator, is planning a major shakeup of the composition of three key indexes later this year that affects technology stocks. FILE PHOTO: The German share prize index (DAX) board and the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) are photographed with a circular fisheye…
[ad_1] The federal government announced last week it’s willing to put its money where its mouth has long been in supporting the Trans Mountain pipeline expansion. Finance Minister Bill Morneau says his government will cover Kinder Morgan or any other company’s losses connected to political delays to the project. Morneau says talks are ongoing with Kinder Morgan…
[ad_1] BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc (TSLA.O) directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board. FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S. on September 28,…
[ad_1] (Reuters) – Cargill, the global grains trader, sees the future of protein in the humble pea. FILE PHOTO: A box of Cheerios cereal, fortified with soy and pea protein, is seen in this photo illustration in Wilmette, Illinois, U.S., September 12, 2014. REUTERS/Jim Young/File Photo In a joint venture at a Wisconsin plant, flour…
[ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at the post where it’s traded…
[ad_1] ZURICH (Reuters) – Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon (OERL.S) and Schmolz + Bickenbach (STLN.S) after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday. Chairman of the Board of Directors of Renova Group, Viktor Vekselberg attends a…
[ad_1] (Reuters) – Boeing Co (BA.N) on Friday won approval from the U.S. regulator Federal Aviation Administration for the company’s new foldable wingtips for its latest 777 jets. FILE PHOTO: A 777X banner is pictured above the 777 Wing Horizontal Build Line at Boeing’s production facility in Everett, Washington, U.S. June 1, 2017. REUTERS/Jason Redmond/File…
[ad_1] WASHINGTON (Reuters) – The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario,…
[ad_1] (Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the year and said it would embark on a review of its many brands. Campbell’s shares slumped 12 percent in mid-afternoon trading, hitting a more than five-year low and putting them…
[ad_1] WASHINGTON/BEIJING (Reuters) – China is “meeting many” Trump administration demands to cut its trade surplus with the United States, but a definitive deal to resolve deep trade differences could take a while to develop, White House economic adviser Larry Kudlow said on Friday. “China has come to trade,” Kudlow told reporters at the White…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising…
[ad_1] In the biggest fine it’s ever imposed in Manitoba, an investment dealer regulatory body has levied penalties of $485,000 against a member who worked at a Winnipeg branch of RBC Dominion Securities. Gennaro (Gerry) Scerbo made “fraudulent withdrawals” from his wife’s RRSP account without her knowledge or consent, said the decision by a hearing…
[ad_1] Hasbro has trademarked the scent of Play-doh. The toy company on Friday announced that the United States Patent and Trademark Office has recognized Play-doh’s distinctive smell with a registered trademark, something rarely issued for a scent. The Pawtucket, Rhode Island-based toymaker describes it as a “sweet, slightly musky, vanilla fragrance, with slight overtones of…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Friday he was determined to stop China from “taking our jobs, taking our money” as U.S. and Chinese negotiators met for a second day to try to avert a tariff war and find ways to boost U.S. exports to China. China earlier denied assertions from…
[ad_1] WASHINGTON (Reuters) – President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April…
[ad_1] (Reuters) – Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] NEW YORK (Reuters) – “Sell in May and go away,” arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years. FILE PHOTO: People walk on Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S., February 6, 2018. REUTERS/Brendan McDermid/File…
[ad_1] LONDON (Reuters) – Russia’s En+ Group, which manages Oleg Deripaska’s aluminum and hydropower businesses, is likely to ask the U.S. Treasury for more time to reduce Deripaska’s stake, a source close to the company said. FILE PHOTO: The logo of aluminium and power producer En+ Group is seen on a building in central Moscow,…
[ad_1] The United States declared the NAFTA countries were nowhere close to a deal, in a statement Thursday designed to douse expectations that an agreement might be just a few minor adjustments away. It rebuffed an effort from Canadian Prime Minister Justin Trudeau, Foreign Affairs Minister Chrystia Freeland, and several high-ranking staffers who were in…
[ad_1] The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes and rising costs. Denise Morrison, who has been has been CEO since 2011, is being replaced immediately by Keith McLoughlin, who will…
[ad_1] The Ontario Securities Commission is warning the public that several groups are promoting investments in cryptocurrencies without having the necessary provincial registrations. The OSC says Bitserial, Hypercube, CabinCoin and BaapPay have not provided a prospectus, as required, or received an exemption. It says none of the four, or a fifth entity called BTCReal, is…
[ad_1] A rise in sales at motor vehicle and parts dealers in March helped push overall Canadian retail activity higher for a third consecutive month, Statistics Canada reported Friday. Retail sales, which are a key contributor to Canadian gross domestic product, rose 0.6 per cent in March to $50.2 billion. Higher sales in the automotive sector outweighed lower sales at…
[ad_1] (Reuters) – The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S.,…
[ad_1] DUBLIN (Reuters) – Apple has paid 1.5 billion euros ($1.76 billion) into an escrow account set up by the Irish government to hold 13 billion euros in disputed taxes, Finance Minister Paschal Donohoe said on Friday. A 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken…
[ad_1] The country’s annual inflation rate cooled slightly last month — but at 2.2 per cent, it stayed hot enough to hover above the two per cent midpoint of the Bank of Canada’s ideal range. Statistics Canada’s inflation reading for April came in a little lower than the March number of 2.3 per cent —…
[ad_1] Motorists in many parts of Canada are expected to see rising gasoline prices as they fire up their vehicles for road adventures on the Victoria Day long weekend. But price direction will vary across the country, said fuel market analyst Dan McTeague of GasBuddy.com. Prices are expected to rise in Ontario, the Maritimes, Manitoba and…
[ad_1] (Reuters) – U.S. stock index futures rose slightly in choppy trading on Friday as oil prices climbed, while investors kept a close watch on Sino-U.S. trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan Mcdermid China denied it…
[ad_1] LONDON (Reuters) – BP (BP.L) Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this week. Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in central London,…
[ad_1] (Reuters) – Cambridge Analytica, the political consultancy at the center of Facebook Inc’s (FB.O) privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday. FILE PHOTO: The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls This past March allegations surfaced that…
[ad_1] (Reuters) – Cambridge Analytica, the firm at the center of this year’s Facebook (FB.O) privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. FILE PHOTO: The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls Cambridge Analytica LLC listed…
[ad_1] BEIJING (Reuters) – China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington. FILE PHOTO: U.S. President Donald Trump and China’s President…
[ad_1] LONDON (Reuters) – Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar. A trader works at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski Traders were wondering if it…
[ad_1] LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of “personalized mass transit” tunnels under Los Angeles could be achieved without disturbance or noise at the surface. Elon Musk arrives to speak at Boring Company community meeting in Bel Air,…
[ad_1] Forget the dimly lit, sombre mood of an old-fashioned funeral home. Consider instead a cocktail party-style celebration of life, complete with hors d’oeuvres and a video tribute. Ashes in an urn? Try a teapot, or a toolbox instead. Canadians’ ideas about what should happen after they die are becoming more creative and custom-designed to…
[ad_1] BEIJING (Reuters) – Toyota Motor Corp (7203.T) is taking an unprecedented route to meet China’s stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo. Instead, it will feature the label of GAC Motor (601238.SS), Toyota’s Chinese partner, and will be built around GAC’s lower-cost technology.…
[ad_1] SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. FILE PHOTO: A general view of the Centenario deep-water oil platform in the Gulf of Mexico off the coast of Veracruz, Mexico January 17, 2014.…
[ad_1] NEW YORK (Reuters) – Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street’s nine-year bull market. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] TOKYO (Reuters) – Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] TOKYO (Reuters) – Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] (Reuters) – Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year. FILE PHOTO: The Uber logo is displayed on a screen during the Women In The World Summit…
[ad_1] BEIJING/WASHINGTON (Reuters) – China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world’s two biggest economies. FILE PHOTO: A field of sorghum (milo) grain is seen at a…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years. Market prices are reflected in a glass window at the Tokyo Stock Exchange…
[ad_1] NEW YORK (Reuters) – U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said. Traders work on the floor of the New York Stock…
[ad_1] WASHINGTON (Reuters) – China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said. News of the offer came during the first of two…
[ad_1] LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city. SpaceX founder Elon Musk smiles at a press conference following the first launch of…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treasury yield topping a seven-year high. Market prices are reflected in a glass window…
[ad_1] WASHINGTON (Reuters) – China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said. The offer came during the first of two days of U.S.-China…
[ad_1] NEW YORK (Reuters) – David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc. David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May…
[ad_1] (Reuters) – CBS Corp’s (CBS.N) board on Thursday approved a special dividend that would cut controlling shareholder Shari Redstone’s stake in the U.S. media company to about 20 percent, a move that requires approval by a Delaware court. The vote was an act of defiance aimed at preventing a merger with sister company, Viacom…
[ad_1] NEW YORK (Reuters) – Brookfield Property Partners (BPY.O) is in talks to acquire a stake in a Manhattan office tower majority-owned by a company that was previously run by Jared Kushner, son-in-law of U.S. President Donald Trump, a source familiar with a potential deal said on Thursday. FILE PHOTO: The building at 666 Fifth…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Thursday that China had become “very spoiled” on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negotiations opened in Washington. Trump, speaking to reporters at the White House, said China had…
[ad_1] NEW YORK (Reuters) – United Airlines’ chief financial officer, Andrew Levy, has stepped down, the carrier said on Thursday, a major management shakeup at a time when the airline’s financial performance has been lagging rivals. A United Airlines aircraft is seen at the Monsenor Oscar Arnulfo Romero International Airport in San Luis Talpa, El…
[ad_1] (Reuters) – A judge sided on Thursday with Shari Redstone in her battle to retain control over CBS Corp (CBS.N) and dealt a setback to the U.S. media company’s plans to strip her voting power. Chancellor Andre Bouchard, the judge on Delaware’s Court of Chancery, denied a request by CBS for a temporary restraining…
[ad_1] Prime Minister Justin Trudeau said the three countries party to the NAFTA trade pact haven’t signed off on a new agreement because of one significant sticking point: the Americans’ demand for a sunset clause. Speaking on stage at an event at the Economic Club in New York today, Trudeau said the three countries are close to putting pen…
[ad_1] Google’s YouTube will launch a music streaming service next week, it said on Thursday, looking to use its popular internet video brand to tap the growing market for paid music streaming. YouTube Music, which will offer both ad-supported and $9.99 US-per-month versions, will compete directly with services from Spotify Technology SA, Pandora Media Inc,…
[ad_1] WASHINGTON (Reuters) – The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections for intellectual property. FILE PHOTO: Containers are seen at the Yangshan Deep…
[ad_1] Rackspace today announced that it has acquired RelationEdge, a Salesforce implementation partner and digital agency. The companies did not disclose the financial details of the acquisition. At first, this may sound like an odd acquisition. Rackspace is still best known for its hosting and managed cloud and infrastructure services, after all, and RelationEdge is…
[ad_1] (Reuters) – A judge declined on Thursday to issue a restraining order against Shari Redstone, allowing her to exert control over CBS Corp (CBS.N) and dealing a setback to the U.S. media company’s plans to strip her voting power and thwart a merger with Viacom Inc VIAB.N. The CBS board was scheduled to meet…
[ad_1] (Reuters) – Daimler AG’s (DAIGn.DE) Mercedes-Benz SUV plant in Alabama will resume production next week, the company said on Thursday, after being down this week because of parts shortages caused by a fire at a key supplier. The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4, 2016.…
[ad_1] (Reuters) – A surge in energy and industrial shares kept Wall Street’s losses in check on Thursday, even as a rise in U.S. bond yields to a fresh seven-year high suggested more competition for equities. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the floor of the New…
[ad_1] Prime Minister Justin Trudeau will work the room at a business luncheon in Manhattan today on the merits of free trade and global economic co-operation, just as word starts to sink in that efforts to conclude NAFTA talks before the end of this week are likely to fail. Trudeau will spend the second morning…
[ad_1] It’s been about two years since Build.io launched Contentstack, a headless content management system for the enterprise. Contentstack was always a bit of an odd product at Build.io, which mostly focuses on providing integration tools like Flow for large companies (think IFTTT, but for enterprise workflows). Contentstack is pretty successful in its own right, though, with…
[ad_1] Trade tensions may be starting to hold back global merchandise trade, the World Trade Organization said on Friday, as it published an outlook indicator showing growth was above trend this quarter but slowing down. The World Trade Outlook Indicator (WTOI), a composite published since the third quarter of 2016, showed a reading of 101.8…
[ad_1] NEW YORK (Reuters) – Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their store…
[ad_1] A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages. HSBC Canada cut its five-year variable mortgage rate to 2.39 per cent on Wednesday, more than a full percentage point below the bank’s own prime rate. The move comes after…
[ad_1] Sprinklr, the unicorn startup best known for helping customers interpret social signals has been moving into the broader customer experience market in the last year. Today it announced is was hiring a heavy hitter as Chief Operating Officer, bringing in former federal CIO and Salesforce executive Vivek Kundra. He began working at his new…
[ad_1] (Reuters) – Some employees in a Wells Fargo & Co (WFC.N) unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter. FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in…
[ad_1] The people who invest the Canada Pension Plan’s money earned a return of 11.6 per cent in the past year once all the costs were paid, enough to boost the fund’s total assets by almost $40 billion. The Canada Pension Plan Investment Board invests the money not needed to pay out current benefits for…
[ad_1] BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday. FILE PHOTO: German Transport Minister Andreas Scheuer arrives at German government guesthouse Meseberg Palace in Meseberg, Germany, April 10, 2018. REUTERS/Fabrizio Bensch In a statement issued…
[ad_1] LONDON (Reuters) – For Christophe Weber, the boss of Japan’s Takeda Pharmaceutical (4502.T), securing a $62 billion deal last week to buy drugmaker Shire (SHP.L) at the fifth time of asking was the easy bit. FILE PHOTO: Takeda Pharmaceutical Co President and Chief Executive Officer Christophe Weber speaks during the Wall Street Journal CEO…
[ad_1] (Reuters) – After a career that included helping Alphabet Inc’s Google build out data centers and speeding packages for Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more time to ride his bike. A 3D-printed carbon fiber commuter bicycle by Arevo Labs…
[ad_1] COPENHAGEN (Reuters) – Airbnb will automatically report homeowners’ income to Danish tax authorities in what will be the first such agreement globally for the short-term rental service. FILE PHOTO: Danish flags are pictured outside a cafe at the famous landmark Nyhavn in Copenhagen, Denmark April 18, 2017. REUTERS/Fabian Bimmer/File Photo The agreement is aimed…
[ad_1] BERLIN – Peter Bostelmann, an industrial engineer at Europe’s technology giant SAP, discovered meditation during a personal crisis a decade ago. FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo The impact was so profound that he persuaded his employer…
[ad_1] TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s (6502.T) chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources. FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki,…
[ad_1] LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014 at almost $80 a barrel. FILE PHOTO: A panel displays a list of top active securities outside the Hong Kong Exchanges in Hong Kong,…
[ad_1] COPENHAGEN (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk (MAERSKb.CO) said Thursday it would shut down its business in Iran to abide with reimposed sanctions after Washington pulled the United States from a nuclear accord. FILE PHOTO: Containers are seen unloaded from the Maersk’s Triple-E giant container ship Maersk Majestic, one of…
[ad_1] In the corridors of Alberta’s legislature and around the oilpatch, federal Finance Minister Bill Morneau’s commitment to backstop construction of the Trans Mountain pipeline project was greeted with optimism Wednesday. For a project that’s been devoid of much hope recently, this was no small feat. But Ottawa’s promise of financial indemnity, which is basically a big insurance…
[ad_1] LONDON (Reuters) – Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer’s lawyer said put him at risk of legal action by the U.S. government. FILE PHOTO: Morning commuters walk past a branch of the Royal…
[ad_1] SINGAPORE (Reuters) – The euro struggled near five-month lows on Thursday as worries Italian populist parties might push for debt forgiveness from the European Central Bank triggered wider concerns about market disruption in the common currency region. FILE PHOTO: A panel displays a list of top active securities outside the Hong Kong Exchanges in…
[ad_1] SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to $1 trillion this year, about twice what it was during the market lull of 2015/2016. FILE PHOTO: Motorists drives past an electronic board at…
[ad_1] TOKYO (Reuters) – Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday. FILE PHOTO: A worker walks near a container area at a port in Tokyo, February 19, 2015. REUTERS/Toru Hanai The government…
[ad_1] SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier. FILE PHOTO: A panel displays a list of top active securities outside the Hong Kong Exchanges in Hong Kong, China February 28, 2018. REUTERS/Bobby Yip/File Photo The common currency slumped on Wednesday…
[ad_1] BEIJING (Reuters) – China does not want to see escalation in Sino-U.S. trade tensions, its commerce ministry said on Thursday, expressing hope that the two sides could minimize conflict during talks being held in the United States. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.…
[ad_1] HANOI (Reuters) – Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft (ROSN.MM), is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. FILE PHOTO: The logo of…
[ad_1] HONG KONG (Reuters) – Shares of Tencent Holdings Ltd (0700.HK) opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results. FILE PHOTO: A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song/File Photo…
[ad_1] HONG KONG (Reuters) – Shares of Tencent Holdings Ltd (0700.HK) opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results. FILE PHOTO: A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song/File Photo…
[ad_1] SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt. FILE PHOTO: A panel displays a list of top…
[ad_1] WASHINGTON (Reuters) – U.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy was gathering momentum early in the second quarter. The upbeat report from the Federal Reserve on Wednesday came on the heels of data on Tuesday showing a pickup in consumer…
[ad_1] Pluralsight priced the shares in its IPO at $15 this afternoon, above its previously set target range of between $12 and $14, and will raise as much as $357 million ahead of its public debut tomorrow morning. Pluralsight offers software development courses, specifically ones targeting employees that are looking to advance in their careers…
[ad_1] BOSTON (Reuters) – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company’s response to problems like election interference and harassment. FILE PHOTO: Facebook CEO Mark Zuckerberg speaks…
[ad_1] (Reuters) – Network gear maker Cisco Systems Inc (CSCO.O) reported third-quarter profit and revenue that topped analysts’ estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress. FILE PHOTO: A logo of Cisco is seen during the Mobile World…
[ad_1] NEW YORK (Reuters) – If Tesla Inc (TSLA.O) Chief Executive Elon Musk needs to raise even more money, there may be a way. FILE PHOTO: Soros Fund Management Chairman George Soros speaks during a panel discussion at the Nicolas Berggruen Conference in Berlin, October 30, 2012. REUTERS/Thomas Peter/File Photo On Tuesday billionaire investor George…
[ad_1] NEW YORK (Reuters) – Allergan Inc was sued on Wednesday by four large U.S. retailers that accused the drugmaker of antitrust violations for trying to stop rivals from selling generic versions of Restasis, its medication to treat dry-eye disease. The Allergan logo is seen in this photo illustration November 23, 2015. REUTERS/Thomas White/Illustration/File Photo…
[ad_1] The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle. The margin was larger than expected with three Republicans voting with 47 Democrats and two independents to reverse the Trump administration action.…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that production of its best-selling and highly-profitable F-150 pickup trucks will resume at its Dearborn, Michigan, plant on Friday, which had been closed due to parts shortages caused by a fire at a key supplier. FILE PHOTO: All-new Ford 2015 F-150 pickup trucks move…
[ad_1] NEW YORK (Reuters) – Square Inc’s (SQ.N) decision to allow users of its mobile app to buy and sell bitcoin this year was a “pretty contentious move within the company” and remains a source of internal tension, the payment processor’s CEO Jack Dorsey said on Wednesday. Jack Dorsey, CEO and co-founder of Twitter and…
[ad_1] (Reuters) – The U.S. toy industry looks set for a flurry of mergers and acquisitions between smaller toy makers in the aftermath of the Toys ‘R’ Us bankruptcy, as they seek more scope and negotiating power with big box retailers Target (TGT.N) and Walmart (WMT.N). Closing down signs are seen outside the Toys R…
[ad_1] (Reuters) – Retail and technology stocks led Wall Street back to positive territory on Wednesday, and the small-cap Russell 2000 hit a new intra-day high, even as traders remained on edge about geopolitics and rising U.S. interest rates. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] There’s some good news for air travelers: it seems to be getting easier to actually get a seat on a plane from reward points. That’s the main takeaway from an annual ranking of the efficiency of frequent flyer programs at 25 of the world’s biggest airlines. Wisconsin-based consultancy IdeaWorksCompany worked with Irish travel firm CarTrawler to pose…
[ad_1] The CEO of Kinder Morgan Canada Ltd. says he “appreciates” an announcement by Finance Minister Bill Morneau that the government will compensate investors in the proposed Trans Mountain pipeline expansion if “unnecessary delays” cause costs to rise. Morneau says the government is willing to “provide indemnity” to any investors, be they the project’s original…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said in tweets on Wednesday that “nothing has happened” with China’s ZTE Corp (000063.SZ) and that Beijing has “much to give” Washington on trade, denying suggestions that his administration was “folding” in negotiations with Beijing. FILE PHOTO: U.S. President Donald Trump waves to the news media after…
[ad_1] Home Capital Group Inc. has secured a $500-million standby credit line from two unnamed Canadian banks to replace its more costly emergency funding facility from Warren Buffett’s Berkshire Hathaway Inc. The Toronto-based alternative mortgage lender says its subsidiary Home Trust Company has inked a letter of commitment from two Canadian Schedule 1 banks for…
[ad_1] Ahead of the Victoria Day long weekend, CBC business reporter Jacqueline Hansen and Dan McTeague, who watches gas prices for GasBuddy.com, are conducting a live chat about the cost of filling your tank. McTeague says there are few signs that the pain at the pump will ease off as the spring turns into summer because…
[ad_1] Somewhat reluctantly, Athar Afzal finally gave up on BlackBerry earlier this year. He was a longtime fan of the iconic Canadian phone brand but his company forced employees who weren’t already using iPhones to transition over. He was ready to make the change though, having grown fed up with the slowness of his aging…
[ad_1] (Reuters) – Wall Street edged higher on Wednesday as Macy’s strong results helped drive gains in retails stocks and more than offset losses in energy shares. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid Macy’s (M.N) rose 5.7 percent…
[ad_1] FRANKFURT (Reuters) – The chairman of Deutsche Boerse’s (DB1Gn.DE) supervisory board said on Wednesday he would not insist on serving another full three-year term amid criticism that he is partly to blame for management missteps. FILE PHOTO: Theodor Weimer, new CEO of German stock exchange Deutsche Boerse AG, informs the media about the planned…
[ad_1] As we increasingly hear about automation, artificial intelligence and robots taking away industrial jobs, Parsable, a San Francisco-based startup sees a different reality, one with millions of workers who for the most part have been left behind when it comes to bringing digital transformation to their jobs. Parsable has developed a Connected Worker platform…
[ad_1] Finance Minister Bill Morneau will give an update on the state of negotiations with Kinder Morgan over the Trans Mountain pipeline project Wednesday, setting out in broad strokes what Ottawa is willing to do to help the project go ahead, CBC News has learned. A government official, who spoke to CBC News on condition of anonymity, said Morneau will present a…
[ad_1] (Reuters) – Macy’s Inc (M.N) reported on Wednesday a much better-than-expected increase in same-store sales for the first quarter, boosted by strong performance across its businesses, sending its shares up 13 percent premarket. FILE PHOTO: People gather at the Broadway entrance of Macy’s Herald Square store ahead of early opening for the Black Friday…
[ad_1] LONDON/DUBAI (Reuters) – OPEC sees oil’s rally towards $80 a barrel as a short-term spike driven by geopolitics rather than any supply shortage, four OPEC delegates said, a sign the group is not rushing yet to rethink its supply-cutting agreement. FILE PHOTO: A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo…
[ad_1] LOS ANGELES (Reuters) – As Hollywood studios unleash their summer blockbusters into theaters, Netflix Inc is trying to give film buffs a reason to stay home. FILE PHOTO: The Netflix logo is shown in this illustration photograph in Encinitas, California, U.S., on October 14, 2014. REUTERS/Mike Blake/File Photo The streaming service is on track…
[ad_1] ZURICH (Reuters) – Novartis’ (NOVN.S) top lawyer Felix Ehrat is leaving the Swiss drugmaker, saying a $1.2 million contract he co-signed with U.S. President Donald Trump’s personal attorney was a mistake. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017.…
[ad_1] Sometimes I think of spreadsheets as the dirty secret of the IT world today. We’ve seen a huge explosion in the number of productivity tools on the market tailored to help workers with different aspects of doing their job and organising their information, in part to keep them from simply dumping lots of information…
[ad_1] FRANKFURT (Reuters) – Deutsche Boerse’s (DB1Gn.DE) chief executive is on the lookout for acquisitions as one of the pillars of the German stock exchange operator’s growth strategy. FILE PHOTO: Theodor Weimer, new CEO of German stock exchange Deutsche Boerse AG, informs the media about the planned renovations at the trading floor of Frankfurt’s stock…
[ad_1] History tells us that with very rare exceptions, no matter how far property values fall, eventually they will come back even stronger. The latest housing market data shows sales are down and prices have dropped an average of 11 per cent across Canada over the past year, so the difficult task facing people thinking of buying…
[ad_1] The Liberal government has passed a sweeping overhaul of the country’s tobacco laws — legislation that will formally legalize (and heavily regulate) vaping and give Health Canada the powers it needs to mandate plain packaging for cigarettes. The bill, S-5, is one of the most ambitious overhauls of the Tobacco Act in a generation. It…
[ad_1] SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes that could curb global demand. An investor looks at an electronic board showing stock information at a brokerage…
[ad_1] French startup Aircall has raised a founding round of $29 million for its cloud based call center solution. Draper Esprit led the round with NextWorld Capital, Balderton Capital and Newfund also participating. The company has raised $40.5 million in total. Aircall participated in the Startup Battlefield at TechCrunch Disrupt SF a few years ago.…
[ad_1] SYDNEY (Reuters) – Australia’s trade minister will use a visit to China this week to reinforce ties with his country’s largest trading partner, he said on Wednesday, following a recent souring in relations. FILE PHOTO: Australia’s Minister for Trade, Tourism and Investment Steven Ciobo listens during a joint press conference held on the sideline…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) General Counsel Felix Ehrat will leave the Swiss drugmaker over his role in a $1.2 million contract it struck with the lawyer for U.S. President Donald Trump, saying on Wednesday the pact was legal but an error. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant…
[ad_1] SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes that could curb global demand. An investor looks at an electronic board showing stock information at a brokerage…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) and Whole Foods Market are making a surgical strike in the already brutal grocery price war. FILE PICTURE – The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo On Wednesday, Whole Foods debuted a much-anticipated loyalty program that offers…
[ad_1] SHANGHAI (Reuters) – Starbucks Corp (SBUX.O) is looking to more than triple its revenue and almost double its store count in China over the next five years, doubling down on the market as traffic growth comes under pressure in the United States. A cup of Starbucks coffee sits on a table in a cafe…
[ad_1] WASHINGTON (Reuters) – The Trump administration is moving ahead with plans to submit a series of options for softening fuel efficiency standards to the White House for approval in the coming week, two officials briefed on the matter Tuesday said. FILE PHOTO: Cars and trucks are stuck in a traffic jam near Irschenberg, Germany…
[ad_1] BRASILIA (Reuters) – Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA (JBSS3.SA), another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruction of Justice, a source familiar with the matter said on Tuesday. FILE PHOTO – Brazil’s billionaire businessman Joesley Batista…
[ad_1] SHANGHAI (Reuters) – Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street. An investor looks at an electronic board showing stock information…
[ad_1] NEW YORK (Reuters) – The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc (TSLA.O) bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter. FILE PHOTO – Business magnate George Soros arrives to speak at the Open…
[ad_1] (Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc (FB.O), Amazon.com (AMZN.O), Apple Inc (AAPL.O), Netflix Inc (NFLX.O) and Google parent Alphabet Inc (GOOGL.O) – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in…
[ad_1] LONDON/PARIS/WASHINGTON (Reuters) – They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. FILE PHOTO: Pure aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in the Siberian city of Krasnoyarsk, Russia November…
[ad_1] It may be a long shot, but Canada is making a last-minute push to reach a NAFTA deal by the end of the week. During a phone call on Monday, Prime Minister Justin Trudeau made a direct appeal to U.S. President Donald Trump to keep momentum alive at the negotiating table. A senior source with direct…
[ad_1] A federal proposal that would allow prosecutors to suspend criminal charges against companies in certain cases of corporate wrongdoing has been quietly included in the Trudeau government’s 582-page budget legislation. In fact, its inclusion was so discreet, even one Liberal MP studying the legislation was caught by surprise. The government intends to move forward…
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd (TEVA.TA), and confirmed it has become Apple Inc’s (AAPL.O) second-largest shareholder. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) is bringing its grocery store without checkout lines to Chicago and San Francisco, the company said in a statement this week, confirming reports it will expand the concept beyond its pilot in Seattle. People are offered free reusable bags as they enter the new Amazon Go store at Amazon’s…
[ad_1] WASHINGTON (Reuters) – U.S. lawmakers on Tuesday rejected any plan by President Donald Trump to ease restrictions on China’s ZTE Corp (000063.SZ), calling the telecommunications firm a security threat and vowing not to abandon legislation clamping down on the company. A sign of ZTE Corp is pictured at its service centre in Hangzhou, Zhejiang…
[ad_1] (Reuters) – Ride-hailing companies Uber Technologies Inc [UBER.UL] and Lyft Inc scrapped mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits. Uber’s decision on Tuesday comes after several high-profile scandals and is a step in the right direction, according to several legal experts,…
[ad_1] A Tim Hortons franchisee filed a $4-million lawsuit against the coffee-and-doughnut chain’s parent company after he says it refused to renew a license of one of his stores in bad faith. “The actions of the defendant were callous, wanton and in total disregard of the rights of the plaintiff,” reads a lawsuit Mark Kuziora…
[ad_1] If you’re planning on travelling with your emotional support ferret, spider or snake, American Airlines says those animals are among several that will be prohibited starting July 1. The carrier on Monday unveiled new rules for travelling with emotional support animals, including a list of critters that won’t be permitted due to safety or public…
[ad_1] HONG KONG/TORONTO (Reuters) – China’s Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile’s Sociedad Quimica Y Minera (SQM), one of the world’s biggest lithium producers, for about $4.3 billion, two people close to the transaction said. FILE PHOTO: An aerial view of the brine pools and processing plant…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. FILE PHOTO: A shopper makes a purchase at the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017.…
[ad_1] MemSQL, a company best known for the real-time capabilities of its eponymous in-memory database, today announced that it has raised a $30 million Series D round, bringing the company’s overall funding to $110 million. The round was led by GV (the firm you probably still refer to as Google Ventures) and Glynn Capital. Existing…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Homeland Security on Tuesday unveiled a new national strategy for addressing the growing number of cyber security risks as it works to assess them and reduce vulnerabilities. FILE PHOTO: U.S. Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located…
[ad_1] Just days after Google announced that it would acquire Velostrata to help customers migrating more of their operations into cloud environments, HPE under its new CEO Antonio Neri is also upping its game in the same department. Today the company announced that it would acquire Plexxi, a specialist in software-defined data center solutions, aimed…
[ad_1] Don’t expect a NAFTA deal by this week’s supposed target date, Mexico’s economy minister said Tuesday. Ildefonso Guajardo told his country’s Televisa network that he doesn’t see a deal happening by Thursday, which the U.S. Congress calls the latest possible date to get a deal in order to have time to vote on it…
[ad_1] Auth0, a startup based in Seattle, has been helping developers with a set of APIs to build authentication into their applications for the last five years. It’s raised a fair bit of money along the way to help extend that mission, and today the company announced a $55 million Series D. This round was…
[ad_1] Home Depot reported strong first-quarter profits, though sales at comparable stores were dampened by inclement weather and revenue was weaker than expected. Shares fell 1.8 per cent in morning trading on Tuesday on the New York Stock Exchange. The Atlanta company earned $2.4 billion US, or $2.08 per share, for the three months ended April…
[ad_1] (Reuters) – Uber Technologies Inc [UBER.UL] on Tuesday became the second major company to scrap mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City,…
[ad_1] LONDON (Reuters) – Facebook has failed to fully answer 39 questions from British lawmakers examining data privacy and fake news, a parliamentary committee said on Tuesday, adding that it would ask the social media giant once again for the missing details. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection…
[ad_1] The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday. The realtor group said the number of sales plunged by 13.9 per cent compared to the previous year’s level, and fell to their lowest April showing since 2011.…
[ad_1] U.S. clothing retailer Gap has apologized for selling T-shirts with what it says was an ‘erroneous’ map of China. (Andy Wong/Associated Press) The U.S. clothing retailer Gap apologized Tuesday for selling T-shirts with what it says is an incorrect map of China that didn’t include self-ruled Taiwan, in the latest example of corporate kowtowing…
[ad_1] Veridium Labs has been trying to solve a hard problem about how to trade carbon offset credits in an open market. The trouble is that more complex credits don’t have a simple value like a stock, and there hasn’t been a formula to determine their individual value. That has made accounting for them and…
[ad_1] PARIS/BERLIN (Reuters) – Air France-KLM (AIRF.PA) installed a triumvirate of executives led by its current finance boss to stabilize the strike-hit airline and uphold its existing strategy during the search for a permanent leader, following a standoff over staff pay. FILE PHOTO: The empty podium is seen after Jean-Marc Janaillac, Chief Executive Officer of…
[ad_1] (Reuters) – Home Depot Inc (HD.N) on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of typical spring products like lawn-mowers and patio furniture. FILE PHOTO: A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida, September 18, 2015. REUTERS/Joe Skipper/File…
[ad_1] BEIJING/SHANGHAI (Reuters) – Qualcomm’s proposed $44 billion takeover of rival NXP Semiconductors is yet to see a concrete breakthrough in China, sources said, tempering hopes a lull in trade tensions with the United States had prompted Beijing to speed up its ruling on the deal. FILE PHOTO: A booth of U.S. chipmaker Qualcomm is…
[ad_1] (Reuters) – Home Depot Inc’s (HD.N) sales at established stores missed Wall Street forecasts for the first time in seven quarters, as cooler weather in some U.S. states led to a slower-than-expected start to the spring selling season. FILE PHOTO: A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida,…
[ad_1] LONDON (Reuters) – Thomson Reuters said on Tuesday it had applied to the Irish central bank to move its foreign exchange derivative trading facility to Dublin because of Brexit. FILE PHOTO: A Thomson Reuters logo is pictured on a building during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018.…
[ad_1] JERUSALEM (Reuters) – Israeli Economy Minister Eli Cohen said on Tuesday he was told by U.S. chipmaker Intel Corp that the company’s board has approved a plan to expand its operations in Israel. FILE PHOTO – Intel processors are displayed at a store in Seoul June 21, 2012. REUTERS/Choi Dae-woong/File Photo Cohen wrote on…
[ad_1] LONDON (Reuters) – World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 16,…
[ad_1] It’s not just new homeowners who are feeling the impact of higher interest rates and tougher lending standards: even those who bought years ago are feeling the heat of increased scrutiny. In January, new rules brought in a so-called “stress test” for mortgage borrowers, where their finances are tested to make sure they would be able…
[ad_1] BUDAPEST (Reuters) – George Soros’ Open Society Foundations will close their office in Budapest and move to the German capital of Berlin, the organization said on Tuesday, leaving what it called an increasingly repressive political and legal environment. FILE PHOTO – The signboard of George Soros’ Open Society Foundations (OSF) is seen in a…
[ad_1] ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month and the central bank will have to take note of what the president says and act accordingly. The President of Turkey, Recep Tayyip Erdogan, speaks at Chatham House in central London, Britain May…
[ad_1] OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil (STL.OL), will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change. FILE PHOTO: Oil and gas company Statoil gas processing and CO2 removal…
[ad_1] BUDAPEST (Reuters) – George Soros’ Open Society Foundations will close their office in Budapest and move to the German capital of Berlin, the body said on Tuesday, leaving what it called an increasingly repressive political and legal environment. FILE PHOTO – The signboard of George Soros’ Open Society Foundations (OSF) is seen in a…
[ad_1] NEW YORK/LONDON/SINGAPORE (Reuters) – Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year. FILE PHOTO – A general view of a crude oil importing…
[ad_1] BEIJING (Reuters) – China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as policymakers try to navigate debt risks and defuse a heated trade row with the United States. FILE PHOTO: A customer pushes a shopping cart at Sun Art Retail Group’s Auchan…
[ad_1] TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near 3-1/2-year highs. People look at trading boards at a private stock market gallery in Kuala…
[ad_1] TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale of its memory chip unit. FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14,…
[ad_1] Seattle leaders on Monday unanimously approved a tax on large businesses such as Amazon and Starbucks to fund the fight against homelessness after weeks of heated debate and raucous hearings. The City Council backed a compromise plan that will charge large businesses about $275 per full-time worker each year, lower than the $500 per worker initially…
[ad_1] NEW YORK (Reuters) – Home Depot Inc (HD.N) shares have climbed with the approach of spring weather, as some investors believe the retailer is well positioned to fend off the competitive threat of online retailers as the peak season for home improvement begins. FILE PHOTO: A Home Depot store is shown in the Little…
[ad_1] BOSTON (Reuters) – Gunmaker Sturm Ruger & Co (RGR.N) directors faced little opposition at its recent board election, a securities filing showed on Monday, despite its policy of not talking with shareholders even in the midst of a national debate over gun control. Rifles are seen at the Sturm, Ruger & Co., Inc. gun…
[ad_1] TOKYO (Reuters) – Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs. People look at trading boards at a private stock market gallery in Kuala Lumpur, Malaysia May 14, 2018. REUTERS/Stringer MSCI’s broadest index…
[ad_1] WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday that none of the contentious issues in a new NAFTA trade deal appear to have been resolved, diminishing chances of meeting a Thursday deadline to notify U.S. lawmakers of an agreement. A NAFTA logo is seen during the fifth round of NAFTA talks…
[ad_1] (Reuters) – A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a supplier over their talc-based products. FILE PHOTO: A Johnson…
[ad_1] WILMINGTON, Del (Reuters) – Next month, Toys ‘R’ Us is putting its famous mascot, Geoffrey the Giraffe, on the auction block. Also up for sale: sex-toys-r-us.com. A closed Toys ‘R’ Us store is seen near York, Britain March 21, 2018. REUTERS/Phil Noble The adult-oriented domain name is one of hundreds of website addresses…
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc’s [UBER.UL] growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday. The Uber logo is displayed on a screen during the Women In The…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April…
[ad_1] New York (Reuters) – Shares in gaming and casino companies jumped on Monday, led by Scientific Games Corp (SGMS.O), as investors wagered on new business opportunities for the industry after the U.S. Supreme Court paved the way for states to legalize sports betting. The ruling endorsed New Jersey’s bid to allow sports betting and…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April…
[ad_1] Facebook is suspending about 200 apps that it believes may have misused data. The social media giant said in a blog post Monday that the suspensions resulted from its investigation into all apps that had access to large amounts of information before Facebook changed its platform policies in 2014. Those changes, according to Facebook,…
[ad_1] (Reuters) – CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones’ plan to merge CBS with Viacom Inc. FILE PHOTO: The CBS television network logo…
[ad_1] WASHINGTON (Reuters) – The U.S. Commerce Department is exploring “alternative remedies” to punish Chinese telecommunication company ZTE Corp for flouting U.S. sanctions on trade with Iran after President Donald Trump intervened, Commerce Secretary Wilbur Ross said on Monday. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April…
[ad_1] WASHINGTON (Reuters) – The U.S. auto safety agency wants to meet with 12 major automakers that failed to fulfill a December 2017 target deadline for completing repairs on the highest-priority vehicles with dangerous Takata air bag inflators. FILE PHOTO: A woman stands next to a logo of Takata Corp at a showroom for vehicles…
[ad_1] Tesla Inc’s chief executive officer told employees on Monday the company is undergoing a “thorough reorganization,” as it contends with questions over its production schedule and two crashes last week involving its electric, self-driving cars. CEO Elon Musk said in an email that as part of the reorganization it was “flattening the management structure…
[ad_1] WASHINGTON (Reuters) – President Donald Trump’s pledge to help a Chinese telecommunication company that broke U.S. sanctions law sparked a backlash from lawmakers who said the move could weaken the U.S. hand in upcoming trade talks with Beijing. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April…
[ad_1] When Amazon introduced AWS Lambda in 2015, the notion of serverless computing was relatively unknown. It enables developers to deliver software without having to manage a server to do it. Instead, Amazon manages it all and the underlying infrastructure only comes into play when an event triggers a requirement. Today, the company released an…
[ad_1] The head of the Organization for Economic Co-operation and Development says countries need to come together to tackle threats to multilateralism as trade tensions and an escalation of protectionism threaten global economic growth. OECD Secretary-General Angel Gurria says multilateralism needs adapt to new economic and financial challenges, including competition and traditional concepts about taxation…
[ad_1] (Reuters) – CBS Corp on Monday filed a lawsuit to stop controlling shareholder Shari Redstone continuing with her plan to merge it with Viacom Inc , saying such a deal would harm its shareholders. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th avenue in New York, U.S. on…
[ad_1] DHX Media Ltd. says the sale of nearly half of its stake in the Peanuts entertainment business to a Sony Corp. division for $237 million cash will help reduce the Canadian animation company’s debt load and improve its operating results. The Halifax-based company will retain 41 per cent of the Peanuts business based on characters…
[ad_1] As old-school industries like oil and gas increasingly network entities like oil platforms, they become more vulnerable to hacking attacks that were impossible when they were stand-alone. That requires a new approach to security and Xage (pronounced Zage), a security startup that launched last year thinks it has the answer with a concept called…
[ad_1] (Reuters) – CBS Corp (CBS.N) on Monday asked a court to block controlling shareholder Shari Redstone from interfering at a special meeting of its board called to consider a merger with Viacom. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th avenue in New York, U.S. on May 19,…
[ad_1] Canopy Growth, the Smith Falls, Ont.- based cannabis company, has applied to list its shares on the New York Stock Exchange. Canopy is already one of the largest marijuana companies in Canada and its shares trade on the Toronto Stock Exchange under the symbol WEED. But the move to cross-list on the NYSE may…
[ad_1] SHANGHAI (Reuters) – Tesla Inc (TSLA.O) has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. FILE PHOTO: A man looks at a Tesla Model S car at its showroom in Beijing, China January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo The…
[ad_1] Aurora Cannabis will buy medical marijuana firm MedReleaf for $3.2 billion in stock, cementing the company’s status as the biggest company in the fast-growing cannabis space. The two companies had been linked in talks for weeks, but both said nothing was imminent when rumours first emerged earlier this month. Something seemed to have changed over the…
[ad_1] (Reuters) – U.S. stock index futures rose on Monday on signs of easing trade tensions between the world’s two largest economies after President Donald Trump pledged to help China’s ZTE Corp “get back into business, fast” following a crippling U.S. ban. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust…
[ad_1] BEIJING (Reuters) – China said on Monday it is willing to work with the United States for a positive outcome in trade negotiations this week. Chinese Vice Premier Liu He attends the news conference following the closing session of the National People’s Congress (NPC), at the Great Hall of the People in Beijing, China…
[ad_1] (Reuters) – Facebook Inc (FB.O) has so far suspended around 200 apps in the first stage of its review into apps that had access to large quantities of user data, a response to a scandal around political consultancy Cambridge Analytica. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of…
[ad_1] HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London,…
[ad_1] MOSCOW (Reuters) – Russia is considering providing support to tycoon Oleg Deripaska’s Rusal (0486.HK) and GAZ GAZ.MM, two companies hit by U.S. sanctions, but will not go as far as buying stakes in his firms, Finance Minister Anton Siluanov said on Monday. FILE PHOTO: Russian Finance Minister Anton Siluanov speaks during a session of…
[ad_1] LONDON (Reuters) – Prospects of a thaw in U.S.-China trade tensions supported global stocks on Monday, as U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company, while oil prices retreated from highs. A man looks at an electronic stock quotation…
[ad_1] The plight of thousands of Canadian residents facing massive bills as a result of U.S. President Donald Trump’s tax reform, will be on the agenda when a committee of MPs and senators heads to Washington this week. Liberal MP Wayne Easter, co-chair of the Canada-United States Interparliamentary Group, said the top priority when Canadian…
[ad_1] HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said on Monday it has applied to China’s securities regulator to set up a securities business in which the U.S. bank would own a majority stake under recently relaxed ownership rules. FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the…
[ad_1] SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company. A man looks at an electronic stock quotation board…
[ad_1] HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake. FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in…
[ad_1] NEW YORK/TOKYO (Reuters) – Xerox Corp (XRX.N) has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management. FILE PHOTO: The logo of Xerox company is seen on a building…
[ad_1] DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. FILE PHOTO – Ford and Lincoln vehicles are parked outside the Oakville Assembly Plant in Oakville, Ontario, Canada, November…
[ad_1] SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran. FILE PHOTO: Workers walk past storage tanks at Tullow Oil’s Ngamia 8 drilling…
[ad_1] BUPYEONG, South Korea (Reuters) – General Motors Co’s (GM.N) South Korean unit canceled a news conference on Monday after a dozen temporary workers forced their way into the event venue minutes beforehand, chanting slogans that called on the automaker to hire them full time. Microphones are seen on chairs for Kaher Kazem, chief executive…
[ad_1] TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) (9201.T) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel. FILE PHOTO: The logo of Japan Airlines (JAL) is seen on the tail fin of the company’s airplane, at a Haneda Airport hangar in Tokyo,…
[ad_1] TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) (9201.T) said on Monday it would set up a low-cost carrier offering medium to long-haul flights. The logo of Japan Airlines (JAL) is seen on the tail fin of the company’s airplane, at a Haneda Airport hangar in Tokyo, Japan April 3, 2017. REUTERS/Toru Hanai –…
[ad_1] SYDNEY (Reuters) – Asian shares shot up to near two-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while Malaysian Ringgit hit a four-month trough in the first onshore trade since a shock election result last week. A man looks at an electronic stock quotation…
[ad_1] HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain…
[ad_1] SINGAPORE (Reuters) – Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran. FILE PHOTO: Workers walk past storage tanks at Tullow Oil’s Ngamia 8 drilling site in Lokichar, Turkana County,…
[ad_1] They paid for one thing — but got something else — and when they complained they were told they should have read the fine print. That’s the message a car-buying couple says they got from a major automaker after the company’s marketing brochure didn’t match the vehicle that was delivered. Getting faked out by fine print is…
[ad_1] NEW YORK (Reuters) – Xerox Corp (XRX.N) said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) and had reached a settlement with activist investors Carl Icahn and Darwin Deason. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016.…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday he will help Chinese technology company ZTE Corp “get back into business, fast,” after being crippled by a U.S. ban, a concession to Beijing ahead of high-stakes trade talks this week. FILE PHOTO: The logo of ZTE Corp is seen on its building in…
[ad_1] (Reuters) – Cadence Bancorp (CADE.N) said on Sunday it had agreed to buy State Bank Financial Corp (STBZ.O) in an all-stock deal valued at about $1.4 billion. A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange…
[ad_1] (Reuters) – U.S. oil major ConocoPhillips (COP.N) has seized products belonging to Venezuelan state oil company PDVSA [PDVSA.UL] from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS/Andres Martinez Casares “PDVSA…
[ad_1] Seems new condo projects are popping up everywhere in Calgary: city centre, inner-city and suburbs. Is there really a market for all of these condos? Who is going to buy them? Isn’t Calgary supposed to be in a recession, with slow growth and high unemployment? Aren’t people fleeing Calgary? Turns out there are some solid reasons…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp “get back into business, fast,” a concession to Beijing ahead of high-stakes trade talks that will take place this week. FILE PHOTO: A ZTE smart phone is…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.” FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo “President Xi…
[ad_1] Aldergrove is a small town with a big problem. Its population hasn’t grown in years, even though it’s in one of the fastest-growing areas of B.C.’s Fraser Valley. The town is spending $40 million to transform the downtown core in the hopes of attracting thousands of new residents over the next two decades. But urban planners…
[ad_1] ZURICH (Reuters) – Laudamotion, the successor airline to the bankrupt Niki carrier in which Ryanair (RYA.I) aims to take a majority stake, dropped six routes from Zurich from its summer schedule after failing to secure enough planes, a spokeswoman said on Sunday. A Laudamotion Airbus A320 plane is seen at the airport in Vienna,…
[ad_1] Nearly 11 million Canadians have an Air Miles card, but many of them may not be aware of how those miles are collected. “Sobeys states on their receipts: one reward mile for every $20. However, this is not true,” Dartmouth, N.S., resident Keith Kerr wrote in an email to CBC. Kerr was upset because he’d purchased…
[ad_1] SHIPLEY, England (Reuters) – Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China. Steel bars are seen inside the factory of precision…
[ad_1] Walmart has abandoned mobile scan-and-go shopping at its U.S. stores. Customers failed to embrace the new technology, created to help them save time by bypassing the checkout. With scan and go, customers scanned their own items while shopping and paid for them with the aid of a phone app or a mobile device provided…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Farmers kicked out of market In an undercover shopping trip, Marketplace recorded Ontario vendors lying about where their produce is grown. Now five of the farmers who spoke out have…
[ad_1] LONDON (Reuters) – Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145 billionaires living in the country. Jim Ratcliffe, CEO of British petrochemicals company INEOS, poses for a portrait with the Canary Wharf…
[ad_1] NEW YORK (Reuters) – BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich’s U.S. presidential campaign, according to a preliminary ruling late on Friday by a securities regulator. FILE PHOTO: The BlackRock logo is seen outside of its offices in…
[ad_1] BERLIN, (Reuters) – – Germany wants to help its companies continue doing business in Iran after the U.S. decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday. German Foreign Minister Heiko Maas speaks during a joint news conference with…
[ad_1] There isn’t a software company out there worth its salt that doesn’t have some kind of artificial intelligence initiative in progress right now. These organizations understand that AI is going to be a game-changer, even if they might not have a full understanding of how that’s going to work just yet. In March at…
[ad_1] WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization of the U.S. oil major’s projects in Venezuela. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22,…
[ad_1] WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization of the U.S. oil major’s projects in Venezuela. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22,…
[ad_1] FRANKFURT (Reuters) – Bayer’s potential synergies from buying U.S. rival Monsanto will be lower than $1.5 billion because of anti-trust divestments, the German company’s Chief Financial Officer told Germany’s Boersen-Zeitung. Johannes Dietsch, CFO of German drugmaker Bayer AG, is addressing the media during the annual results news conference in Leverkusen, Germany February 22, 2017.…
[ad_1] When WestJet launched in early 1996, co-founder Clive Beddoe’s strategy wasn’t to go head to head with Air Canada, but instead to get people in Western Canada out of their cars and into the skies. They started with three planes, 200 staff and cheap fares — like $29 from Calgary to Edmonton, taxes not included.…
[ad_1] In theory, Paul Collins can do his entire job in 50 seconds. In reality, he has no choice. That’s how much time he has to work on the car suspended above him, before the next one takes its place — and he has to keep up that pace all day long. But lately he’s had…
[ad_1] MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take India’s Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart’s largest-ever acquisition. The logo of Flipkart is seen on the company’s office in Bengaluru,…
[ad_1] (Reuters) – Activist investor Carl Icahn on Friday added two more nominees to his slate for the board of SandRidge Energy Inc (SD.N) after the company expanded its board, suggesting that the hedge fund manager planned to press ahead with the proxy fight. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX…
[ad_1] (Reuters) – The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. Johnson & Johnson and Pfizer each rose over 1 percent while Merck & Co jumped 2.8 percent after Trump in a speech said foreign governments “extort”…
[ad_1] (Reuters) – Chinese technology company ZTE Corp 0000063.SZ (0763.HK), which this month suspended its main operations after a U.S. Commerce Department ban on American supplies to its business, paid over $2.3 billion to 211 U.S. exporters in 2017, a senior ZTE official said on Friday. FILE PHOTO: The inside of a ZTE smart phone is…
[ad_1] (Reuters) – AT&T Inc (T.N) on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration. AT&T paid Essential Consultants LLC, a firm set up by Cohen, a…
[ad_1] LISBON (Reuters) – China’s state-owned utility China Three Gorges on Friday launched a bid to take control of Portugal’s biggest company EDP, offering a premium of just below 5 percent on the power firm’s closing stock price. FILE PHOTO: Banners bearing the logo of Energias de Portugal (EDP) are seen at the company headquarters…
[ad_1] WASHINGTON (Reuters) – A bill aimed at tightening oversight of foreign investment in the United States because of concern about China’s acquisition of critical technology is headed for a vote this month in the U.S. Senate Banking Committee, the panel said on Friday. FILE PHOTO: The U.S. Capitol building is seen at sunset in…
[ad_1] (Reuters) – Ford Motor Co (F.N) could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. FILE PHOTO: A 2018 Ford F-150 “King Ranch” pickup truck is displayed during the North American International Auto Show in…
[ad_1] (Reuters) – VMware Inc’s (VMW.N) Chief Financial Officer Zane Rowe has indicated he will turn down the offer to be become Uber Technologies Inc’s [UBER.UL] finance chief, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Uber logo is displayed on a screen during the Women In The World…
[ad_1] HubSpot is expanding beyond sales and marketing with the official launch of its Service Hub for managing customer service. The product was first announced last fall, but now it’s moved out of beta testing. HubSpot President and COO JD Sherman said this was a logical next step for the company. He argued that the Internet…
[ad_1] SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. FILE PHOTO – Tim Cook, CEO, speaks about Amazon during Apple’s annual world wide developer conference (WWDC) in San…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Friday pressed automakers to build more vehicles in the United States and launched a fresh attack on the North American Free Trade Agreement that has benefited them, while the companies urged him to work with California to keep nationwide U.S. vehicle emissions standards. CEOs or senior executives…
[ad_1] (Reuters) – Ford Motor Co (F.N) will resume production of F-150 pickups on Friday, May 18 at its Dearborn and Kansas City plants, according to a source familiar with the automaker’s plans. FILE PHOTO: A 2018 Ford F-150 “King Ranch” pickup truck is displayed during the North American International Auto Show in Detroit, Michigan,…
[ad_1] LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin City” celebrations and more on the grind of vetting fund managers. Hedge fund managers and investors meet at the Context…
[ad_1] Starbucks’ plan to open its washrooms to the non-paying public “100 per cent of the time” is good news for consumers who seek a hassle-free place to go on the go, but likely won’t stop the kind of discrimination that pressured the coffee giant into making the change, says Lezlie Lowe, author of a…
[ad_1] (Reuters) – AT&T Inc (T.N) on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration. AT&T paid Essential Consultants LLC, a firm set up by Cohen, a…
[ad_1] WASHINGTON (Reuters) – The United States and United Arab Emirates signed a deal on Friday to resolve U.S. claims that Gulf carriers have received unfair government subsidies, sources briefed on the matter said. The Emirates airlines logo is seen on the back door of a plane at Dubai International Airport, United Arab Emirates January…
[ad_1] WASHINGTON (Reuters) – Mexico will not be rushed into revamping the North American Free Trade Agreement (NAFTA) to get a deal, Economy Minister Ildefonso Guajardo said on Friday, while his Canadian counterpart spoke of a long “to-do list” in the negotiations. Mexico’s Economy Minister Ildefonso Guajardo delivers a news conference at Los Pinos presidential…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike…
[ad_1] Executives from 10 auto companies will meet with President Donald Trump and cabinet officials on Friday to discuss the administration’s plan to reduce fuel economy and pollution requirements enacted during the Obama administration. The auto industry wants to relax the standards, but not so much that they provoke a legal fight with California, which…
[ad_1] Thomson Reuters Corp. forecast its costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down five per cent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit. The…
[ad_1] WestJet Airlines is promising to provide full refunds if flights are cancelled because of a possible pilots strike. In response to passenger tweets expressing anxiety about their upcoming vacations, the Calgary-based airline says it understands the concerns. WestJet says the refund would be in the original form of payment. However, a passenger said that…
[ad_1] Gun control advocates landed two direct hits on the weapons industry they are trying to dismantle on Friday, as a major U.S. bank says it will no longer loan money to one gun maker, and the shareholders of another are demanding that their products somehow be made safer. Shareholders of Sturm Ruger voted in favour of…
[ad_1] Facebook is back. Shares in the social media giant are trading around $185 US early Friday, returning to the levels last seen eight weeks ago, when news broke that the company failed to prevent major privacy breaches during the run-up to the 2016 presidential election in the U.S. Cambridge Analytica, whose clients included Donald…
[ad_1] (Reuters) – U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc (T.N) Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning. FILE PHOTO: Chief Executive Officer of AT&T Randall Stephenson arrives at a U.S. District Court in Washington, D.C., U.S.…
[ad_1] Canada’s job market was essentially unchanged in April, as the economy shed 1,100 jobs, but the unemployment rate held steady at 5.8 per cent. Statistics Canada says Manitoba and Nova Scotia added jobs, while Saskatchewan lost some. In every other province, the job market was flat. Goods-producing industries lost almost 16,000 jobs during the…
[ad_1] (Reuters) – Shares of Nvidia Corp (NVDA.O) fell 2 percent on Friday as investors worried that a short-term surge in demand for graphics chips from cryptocurrency miners may be undermining its core business with computer gamers. FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan…
[ad_1] (Reuters) – Thomson Reuters Corp (TRI.N)(TRI.TO) on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low single-digit growth in 2018 revenue in its remaining business. The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly The news and information company announced…
[ad_1] (Reuters) – Thomson Reuters Corp <TRI.N (TRI.TO) on Friday forecast low single digit growth in 2018 revenue in its remaining business. The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly The news and information company announced earlier this year that it is…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump will meet 10 major automakers at the White House on Friday to discuss the fate of landmark fuel efficiency standards and a looming confrontation with California and other major states. U.S. President Donald Trump holds a rally with supporters at North Side middle school in Elkhart, Indiana,…
[ad_1] YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”. Guangxi Yangxiang’s high-rise pig farm buildings are seen at Yaji Mountain Forest Park in Guangxi province, China March 19, 2018. Picture taken March 19, 2018. REUTERS/Thomas Suen Privately…
[ad_1] Ontario’s new law promising to cap prices on scalped sports and concert tickets — due to roll out July 1 — will fail, critics warn, in part because the province isn’t adding new staff to enforce it. Ontario’s Ministry of the Attorney General told CBC News in a statement this week the government will “use…
[ad_1] Consequences are funny things. Donald Trump and an increasingly hawkish foreign policy team tore up the landmark nuclear agreement with Iran this week, as Trump’s anti-globalist support base back home cheered the move. Yet among the first victims of the decision is not Iran’s hardliners, nor even Iran’s economy. It was instead the American aerospace…
[ad_1] SYDNEY (Reuters) – Asian shares rallied on Friday as investors’ appetite for riskier assets got a boost from soft U.S. inflation, which helped alleviate worries of faster rate hikes by the Federal Reserve. FILE PHOTO: A videographer films an electronic board showing the Japan’s Nikkei average (Top R) and related indexes at the Tokyo…
[ad_1] (Reuters) – U.S.-based private equity firm Silver Lake Management Company has agreed to acquire ZPG plc (ZPG.L), the owner of British property websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3 billion). Football – West Bromwich Albion v Everton – Barclays Premier League – The Hawthorns – 20/1/14 General view of Zoopla branding Mandatory…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019. FILE PHOTO: Employees work at an assembly line…
[ad_1] SEOUL (Reuters) – U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group’s restructuring plan and urged other shareholders to reject the proposal to reform South Korea’s second-largest conglomerate. FILE PHOTO: A worker works at an assembly line of Hyundai Motor’s plant in Asan, South Korea, January 27, 2016. REUTERS/Kim Hong-Ji/File…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp (7261.T) has named the head of its Americas operations as its next president and CEO after its current chief steps down in June, as Japan’s fifth-largest automaker seeks to expand in North America, its biggest market. FILE PHOTO: Mazda Motor President Masamichi Kogai speaks at a news conference…
[ad_1] SYDNEY (Reuters) – AMP Ltd (AMP.AX) could see A$35 billion in investor outflows due to the hit to its reputation from board-level misconduct, analysts at Macquarie Group Ltd (MQA.AX) said on Friday, sending shares in the Australian wealth manager to a seven-year low. FILE PHOTO: The logo of Australia’s biggest wealth manager, AMP Ltd,…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp (7261.T) said on Friday that president and CEO Masamichi Kogai would step down and be replaced by Akira Marumoto, who currently serves as vice president and oversees operations in the Americas. FILE PHOTO: Mazda Motor President Masamichi Kogai speaks at a news conference in Tokyo, Japan August 8,…
[ad_1] SAO PAULO (Reuters) – The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA (EMBR3.SA) has been delaying an agreement to combine operations with Boeing Co (BA.N), three people with knowledge of the matter said this week. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at…
[ad_1] SYDNEY (Reuters) – Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast U.S. inflation data tempered expectations for faster Federal Reserve interest rate rises this year. FILE PHOTO: A videographer films an electronic board showing the Japan’s Nikkei average (Top R) and related indexes at the Tokyo Stock…
[ad_1] (Reuters) – News Corp (NWSA.O), controlled by media mogul Rupert Murdoch, topped analysts’ estimates for quarterly revenue on Thursday as the company benefited from a rise in online subscriptions and strong performance in its digitial real estate business. FILE PHOTO: The Fox News electronic ticker is seen outside the News Corporation building in New…
[ad_1] (Reuters) – File sharing and storage company Dropbox Inc (DBX.O) beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company. FILE PHOTO: The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo…
[ad_1] YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”. Guangxi Yangxiang’s high-rise pig farm buildings are seen at Yaji Mountain Forest Park in Guangxi province, China March 19, 2018. Picture taken March 19, 2018. REUTERS/Thomas Suen Privately…
[ad_1] The federal competition watchdog says he wants to “shine a light” on Canada’s broadband internet providers with the public’s comments on a market that is predominantly served by traditional phone and cable companies. “There are few products more vital to Canada’s economic future than broadband. We want to shine a light on potential competitive…
[ad_1] (Reuters) – Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year. Fueled by a $100 billion buyback plan unveiled last week, Apple rose 1.43 percent to a record high close of $190.04, lifting…
[ad_1] Canada’s foreign minister got a detailed explanation Thursday about why there might only be a few days left to get a NAFTA agreement in 2018. Chrystia Freeland attended a discussion with top U.S. lawmakers on Capitol Hill. They included the speaker of the House of Representatives, Paul Ryan, and Kevin Brady, the chair of…
[ad_1] A court in Shanghai sentenced the founder of a Chinese insurance company that owns extensive assets in B.C. to 18 years in prison Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. Shanghai’s No. 1 Intermediate People’s Court also ordered the confiscation of 10.5 billion yuan ($1.6 billion) in…
[ad_1] Dropbox made its debut as a public company earlier this year and today passed through its first milestone of reporting its results to public investors, and it more or less beat expectations set for Wall Street on the top and bottom line. The company reported more revenue and beat expectations for earnings that Wall…
[ad_1] (Reuters) – File hosting service provider Dropbox Inc (DBX.O) topped analysts’ estimates for paying subscribers in its first financial report as a publicly traded company. FILE PHOTO: The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo Dropbox said it had 11.5 million subscribers at…
[ad_1] NEW YORK (Reuters) – Investors are bracing for widespread volatility in healthcare stocks on Friday, when U.S. President Donald Trump is expected to give a highly anticipated speech about controlling prescription drug prices. U.S. President Donald Trump participates in a celebration of military mothers and spouses at the White House in Washington, U.S., May…
[ad_1] WestJet pilots could walk off the job as early as May 19 after voting 91 per cent in favour of striking. The pilots and airline are still at the negotiating table, but the union now has a strike mandate after voting ended Thursday morning with 95 per cent of members casting a ballot. The union…
[ad_1] Tim Hortons is ready to make amends. President Alex Macedo has been crisscrossing the country over the last few days, meeting with thousands of franchisees in a bid to regain their trust and convince them that the fast food giant is committed to improving its strained relationship with some owners. His tour comes after…
[ad_1] The market for luxury homes is slumping in Canada’s two premier housing markets, a pair of separate reports found Thursday. Royal LePage says that the sale of luxury homes — which the real estate firm defines as being ones worth three times the average price in the local market — plunged by more than…
[ad_1] As the potential for wind and solar energy grows — and the cost of the technology falls — experts anticipate a growing number of traditional oil and gas companies to invest in the renewables sector. Morgan Bazilian, former lead energy specialist at the World Bank, told an audience of oil executives this week in Calgary…
[ad_1] The Supreme Court of Canada says it will hear a case over Super Bowl ads. In a judgment today, the court says it will consider appeals by Bell Canada and the National Football League over whether Canadian viewers can watch American TV commercials during the game, Normally, Canadian ads can be substituted in such…
[ad_1] A slight decline in Telus Corp.’s first quarter net profit compared with last year was due largely to higher financing costs and higher income taxes, the Vancouver-based telecommunications company said Thursday. Its profit attributable to shareholders was $410 million or 69 cents per share for the quarter ended March 31, down from $414 million…
[ad_1] LONDON (Reuters) – Crude oil fell on Thursday, giving up earlier gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions. FILE PHOTO: A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north…
[ad_1] BOSTON (Reuters) – Wells Fargo & Co (WFC.N) on Thursday said the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018, and gave an outlook for 2019 expenses that was slightly lower than analyst expectations. FILE PHOTO: A Wells Fargo bank sign is…
[ad_1] (Reuters) – Wall Street was higher on Thursday as a weaker-than-expected rise in U.S. consumer prices in April cooled inflation fears. FILE PHOTO: People walk on Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S., February 6, 2018. REUTERS/Brendan McDermid/File Photo The Dow Jones Industrial Average rose 49.12…
[ad_1] ScopeAR, a graduate of the Y Combinator Summer 2015 class, came to the augmented reality game very early, launching in 2011 when there was very little hardware and most people didn’t understand the technology. But it has managed to hang around long enough for the market and the hardware to finally catch with the…
[ad_1] Canadian Tire is buying Norway-based sportswear company Helly Hansen for nearly $1 billion. The iconic retailer said Thursday it will pay $985 million and assume $50 million of the debt of the Norwegian firm, which makes various types of clothes for active living and other outdoor gear. While based in Oslo, Helly Hansen is owned by…
[ad_1] LONDON (Reuters) – The oil price rose on Thursday, heading for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions. FILE PHOTO: A worker checks the valve of an oil pipe at Nahr Bin Umar oil…
[ad_1] WOODLAND, Calif. (Reuters) – Dan Vincent is in a bind. The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California. His cooperative then sells the canned fruits and vegetables to grocers ranging from Walmart Inc…
[ad_1] BOSTON (Reuters) – Wells Fargo & Co (WFC.N) investors are hoping for updates on how long the bank will stay in the regulatory doghouse, and will be looking for details about costs on Thursday while the lender’s ability to grow its balance sheet remains a question mark. FILE PHOTO: A Wells Fargo bank sign…
[ad_1] LONDON (Reuters) – Shares in Royal Bank of Scotland (RBS.L) rose as much as 6 percent on Thursday after the bank secured a far lower than expected settlement with U.S. authorities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival. FILE PHOTO: Morning commuters walk past…
[ad_1] LONDON (Reuters) – The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions. FILE PHOTO: A worker checks the valve of an oil pipe at Nahr Bin…
[ad_1] DUBLIN (Reuters) – Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday. FILE PHOTO – An Apple logo hangs above the entrance to the Apple…
[ad_1] DUBLIN (Reuters) – Apple (AAPL.O) will not proceed with a planned data center in Athenry, Ireland, because of delays in the planning approval process, RTE reported on Thursday citing a company statement. FILE PHOTO – An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of…
[ad_1] LONDON (Reuters) – BT (BT.L) will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and downturn in trading. FILE PHOTO: The logo for the British Telecom group is seen outside of…
[ad_1] LONDON (Reuters) – BT is cutting 13,000 managerial and back-office jobs and leaving its London headquarters in the latest attempt by Britain’s biggest telecoms group to rebuild after an accounting scandal and downturn in trading. FILE PHOTO: The logo for the British Telecom group is seen outside of offices in the City of London,…
[ad_1] WASHINGTON/BOSTON/LONDON (Reuters) – Royal Bank of Scotland (RBS.L) has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival. FILE PHOTO: The logo of the Royal Bank of Scotland…
[ad_1] LONDON (Reuters) – BT (BT.L) is cutting 13,000 managerial and back-office jobs and plugging its pension black hole, while placating shareholders by maintaining its dividend, in the latest restructuring by Britain’s biggest telecoms group. FILE PHOTO: The logo for the British Telecom group is seen outside of offices in the City of London, Britain,…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran. An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo, Japan, February 6, 2018. REUTERS/Toru…
[ad_1] NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, but supply bottlenecks are making it difficult to secure more barrels. FILE PHOTO: An oil pump is seen operating in…
[ad_1] SINGAPORE (Reuters) – Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment by the U.S. automaker to its loss-making local unit, the government said on Thursday. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan, U.S.,…
[ad_1] (Reuters) – A Chinese court has sentenced Wu Xiaohui, former chairman of Anbang Insurance Group Co Ltd [ANBANG.UL], to 18 years in prison, China’s state media Xinhua news agency said on Thursday. FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China, March 18, 2017. REUTERS/Thomas Peter/File…
[ad_1] SYDNEY (Reuters) – Top Australian wealth manager AMP Ltd (AMP.AX) told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public inquiry revealed serious board-level misconduct. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. FILE PHOTO: Bill Ford, executive chairman of the Ford Motor Company speaks at the…
[ad_1] NEW YORK/MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal as it competes with Amazon.com Inc (AMZN.O) in an important growth market. Shares of Walmart fell 3 percent. The company warned it expects…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran. An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo, Japan, February 6, 2018. REUTERS/Toru…
[ad_1] (Reuters) – Twenty-First Century Fox Inc’s (FOXA.O), the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts’ estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building…
[ad_1] HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp shares jumped 16 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India,…
[ad_1] LONDON/ZURICH/LOS ANGELES (Reuters) – Nestle’s (NESN.S) $7 billion licensing deal for Starbucks’ (SBUX.O) retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals. JAB, the family office of Europe’s billionaire Reimann clan, has built up the world’s…
[ad_1] (Reuters) – A former clerk at the Wall Street law firm Simpson Thacher & Bartlett was sentenced on Wednesday to 37 months in prison for his role in an insider trading ring that passed merger tips on napkins and Post-it notes in New York’s Grand Central Terminal. People walk by a Wall Street sign…
[ad_1] HONG KONG (Reuters) – ZTE Corp’s (0763.HK) (000063.SZ) main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken…
[ad_1] (Reuters) – Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran. Gains were broad and volume was high, with all but the utilities and telecom sectors advancing as investors who had moved to the sidelines…
[ad_1] (Reuters) – Twenty-First Century Fox Inc (FOXA.O) reported on Wednesday a 2 percent drop in quarterly revenue from a year earlier, which was boosted by the Super Bowl that Fox aired last year. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. on November 6,…
[ad_1] HOFFMAN ESTATES, ILL. (Reuters) – Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru,…
[ad_1] As mortgages get more expensive with interest rates rising in Canada, the hurdle that some borrowers must pass is also getting higher. The interest rate used by the Bank of Canada for mortgage stress-testing went up by 20 percentage points Wednesday to 5.34 per cent from 5.14 per cent, where it had been since…
[ad_1] Google announced today it was going to acquire Israeli cloud migration startup, Velostrata. The companies did not share the purchase price. Velostrata helps companies migrate from on-premises datacenters to the cloud, a common requirement today as companies try to shift more workloads to the cloud. It’s not always a simple matter though to transfer…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is…
[ad_1] (Reuters) – Xerox Corp’s board (XRX.N) said on Wednesday it intended to resume merger discussions with Fujifilm Corp (4901.T), seeking a superior deal to terms announced at the end of January that have spurred a complex proxy fight over the company. The logo of Xerox company is seen on a building in Minsk, Belarus,…
[ad_1] Despite telegraphing his intentions for months, U.S. President Donald Trump’s decision to withdraw from a nuclear deal that his predecessor signed with Iran threw the geopolitical world into turmoil on Tuesday, casting uncertainty on the outlook for businesses globally. Here’s a look at some of the major implications on the business community, after Trump announced the…
[ad_1] WASHINGTON (Reuters) – U.S. producer prices barely rose in April after strong gains in the first quarter, held back by a moderation in the cost of services such as hotel accommodation and healthcare, which could ease fears that inflation pressures were rapidly building up. FILE PHOTO: A Boeing worker is pictured in the wing…
[ad_1] After a decade of soaring real estate prices that have turned ordinary homeowners into paper millionaires and added billions to the provincial GDP, the B.C. economy finds itself in a dangerous position, says an SFU professor. On its own, real estate accounted for 18 per cent of B.C.’s GDP last year, according to Statistics Canada.…
[ad_1] Oil prices rose more than two per cent on Wednesday, climbing to near 3½ year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. Ignoring pleas by allies, Trump on Tuesday pulled out of a 2015 international deal with Iran, making investors nervous…
[ad_1] Torstar Corp. is preparing to invest in multiple initiatives to transform its core business amid a challenging print advertising market, company officials said Wednesday after announcing first-quarter results. The Toronto-based company, which owns the Toronto Star and other Ontario daily newspapers, numerous community and commuter papers, and various digital publishing businesses, lost $14.5 million…
[ad_1] Home Capital Group Inc. is anticipating the highest mortgage renewal rate ever in the alternative lender’s history, in the wake of new regulations and company initiatives to stay competitive. Home Capital CEO Yousry Bissada says the Toronto-based mortgage lender is “back in all aspects of our business” despite reporting a 40 per cent year-over-year…
[ad_1] When Montreal’s La Presse called an all-staff meeting on Tuesday, there were concerns it would mean another round of layoffs — or worse. Instead, the French-language publication, home to one of the largest and most prestigious newsrooms in the country, announced it was becoming a not-for-profit, cutting ties with its longtime owner, the Desmarais family.…
[ad_1] When it comes to making requests inside a company for new equipment or to learn about HR policies, it can be a frustrating experience for both sides of the equation. HR and IT are probably tired of answering the same questions. Employees are tired of calling a help desk for routine inquiries and waiting…
[ad_1] (Reuters) – Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] StubHub is best known as a destination for buying and selling event tickets. The company operates in 48 countries and sells a ticket every 1.3 seconds. But the company wants to go beyond that and provide its users with a far more comprehensive set of services around entertainment. To do that, it’s working on…
[ad_1] MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment as it battles rival Amazon.com Inc (AMZN.O) in one of the world’s biggest emerging markets. FILE PHOTO: The logo of India’s e-commerce firm…
[ad_1] (Reuters) – U.S. stock index futures rose on Wednesday, with shares of energy companies getting a boost from a rally in oil after President Donald Trump pulled the United States out of a nuclear deal with Iran. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May…
[ad_1] TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Wednesday it plans to transfer its stakes in ride-sharing firms to the SoftBank Vision Fund, a move which if approved would make the fund one of the world’s biggest investors in the fast-changing industry. FILE PHOTO: Shop employees of SoftBank Corp work outside its…
[ad_1] LONDON (Reuters) – Vodafone (VOD.L) has agreed to pay $21.8 billion to buy Liberty Global’s (LBTYA.O) assets in Germany and eastern Europe to take on rivals with a broader range of superfast cable TV, broadband and mobile services. FILE PHOTO: FILE PHOTO: Branding hangs outside a Vodafone shop in Oxford, Britain, May 16, 2017.…
[ad_1] TOKYO (Reuters) – U.S. retail giant Walmart Inc (WMT.N) is acquiring Indian e-commerce player Flipkart, the chief executive of one of Flipkart’s biggest shareholders, SoftBank Group (9984.T), said on Wednesday. FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen on the company’s office in Bengaluru, India April 12, 2018. REUTERS/Abhishek N. Chinnappa/File…
[ad_1] TOKYO (Reuters) – U.S. retail giant Walmart Inc (WMT.N) is acquiring Indian e-commerce player Flipkart, SoftBank Group (9984.T) chief executive Masayoshi Son said on Wednesday. FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen on the company’s office in Bengaluru, India April 12, 2018. REUTERS/Abhishek N. Chinnappa/File Photo The Walmart-Flipkart deal was…
[ad_1] Canadians could soon be spending more on recreational cannabis than they do on liquor, if a report from a major bank is to be believed. Canadian Imperial Bank of Commerce calculated in a report this week that in the next two years, Canadians will consume 800,000 kilograms of cannabis, the vast majority of which…
[ad_1] WestJet is shelving a tactic that asked frequent flyers to record in-flight service aboard the airline and its rivals — a strategy union officials condemned as “unacceptable,” warning that secret taping of flight attendants would be a violation of privacy rules. The Calgary-based airline made the request of a few guests who regularly fly with WestJet and its competition, asking them to capture their experience. According to details…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) has ended a contract with a U.S. firm linked to U.S. President Donald Trump’s lawyer, Michael Cohen, and has cooperated with a special counsel looking into potential meddling in the 2016 U.S. election, the Swiss drugmaker said. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant…
[ad_1] LONDON (Reuters) – Vodafone Group has agreed an 18.4 billion euro ($21.8 billion) deal to buy cable TV company Liberty Global’s (LBTYA.O) operations in Germany, Czech Republic, Hungary and Romania. FILE PHOTO: FILE PHOTO: Branding hangs outside a Vodafone shop in Oxford, Britain, May 16, 2017. REUTERS/Toby Melville Vodafone said adding Liberty’s cable TV…
[ad_1] TOKYO (Reuters) – HR services provider Recruit Holdings Co (6098.T) has agreed to buy Glassdoor Inc for $1.2 billion, in a deal that will give the Japanese firm access to the U.S. job-website operator’s vast database of company reviews and salary data. FILE PHOTO: A pedestrian walks under the logo of Recruit Holdings in…
[ad_1] CLEVELAND (Reuters) – In Cleveland, a new road meant to cut commute times between the suburbs and a downtown medical hub has been redesigned as an “Opportunity Corridor” to bring businesses and jobs to poor neighborhoods along its way. A road is under construction near a medical complex as part of an effort to…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions. The Toyota company logo is pictured at the India Auto Show 2018 in Greater Noida, India,…
[ad_1] TOKYO (Reuters) – Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, sparking worries about global oil supplies. An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann…
[ad_1] SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the country will limit General Motors’ (GM.N) right to sell shares and assets in its South Korean unit so that the U.S. automaker is kept from leaving the nation for at least 10 years. FILE PHOTO: An employee works at an assembly line of…
[ad_1] TOKYO (Reuters) – Japanese HR services provider Recruit Holdings Co (6098.T) said on Wednesday it will buy Glassdoor Inc for $1.2 billion to tap into the California-based job-site operator’s database of company reviews and salary data. FILE PHOTO: A pedestrian walks under the logo of Recruit Holdings in front of its headquarters building in…
[ad_1] TOKYO (Reuters) – Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after U.S. President Donald Trump pulled his country out of an international nuclear deal with Iran, sparking worries about global oil supplies. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the…
[ad_1] WASHINGTON (Reuters) – Licenses for Boeing Co and Airbus to sell passenger jets to Iran will be revoked, U.S. Treasury Secretary Steven Mnuchin said on Tuesday after President Donald Trump pulled the United States out of the 2015 Iran nuclear agreement. FILE PHOTO: The Boeing logo is seen on a Boeing 787 Dreamliner airplane…
[ad_1] PARIS/NEW YORK (Reuters) – United Airlines (UAL.N) is in talks with planemakers Airbus (AIR.PA) and Boeing Co (BA.N) over the purchase of wide-body, long-haul passenger jets to replace a fleet of 50 Boeing 767 aircraft, people familiar with the discussions said on Tuesday. FILE PHOTO: The logo of Airbus Group is seen on the…
[ad_1] (Reuters) – Walt Disney Co’s (DIS.N) quarterly profit topped Wall Street forecasts on Tuesday as higher returns from its theme parks and film studio offset ongoing pressure on the television business from digital competition. Shares of the media conglomerate, which is in the process of buying film and TV assets from Twenty-First Century Fox…
[ad_1] A British bottled water company wants to start selling water in a paper-based, plastic-free disposable bottle that breaks down within weeks when littered in the ocean or forest or dumped in a landfill. Choose Water, based in London and Edinburgh, is asking the public for funds to help get the bottles on the market. The…
[ad_1] As WestJet’s pilots consider a strike vote, the airline’s passengers are considering other options for travel. WestJet’s pilots, who are represented by the AirLine Pilots Association are negotiating their first contract, after forming a union one year ago. Negotiations for a new contract began in September and the lack of a contract resulted in a…
[ad_1] (Reuters) – Wall Street cut losses to end little changed on Tuesday while energy stocks rallied after U.S. President Donald Trump said the United States would quit the Iran nuclear deal, confirming what many investors had expected. People walk past the New York Stock Exchange June 15, 2012. REUTERS/Eric Thayer In a televised speech,…
[ad_1] (Reuters) – MetLife Inc (MET.N) has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp (FDX.N) retirees and beneficiaries, through a group annuity, the insurer said on Tuesday. FILE PHOTO: A statue stands atop Grand Central Station in front of the MetLife building in New York, October 8, 2008. REUTERS/Lucas…
[ad_1] Intel Capital, the investment arm of the computer processor giant, is today announcing $72 million in funding for the 12 newest startups to enter its portfolio, bringing the total invested so far this year to $115 million. Announced at the company’s global summit currently underway in southern California, investments in this latest tranche cover…
[ad_1] WILMINGTON, Del (Reuters) – An affiliate of Lantern Capital received approval from a U.S. bankruptcy judge on Tuesday to buy the assets of the Weinstein Co, but the price may leave little for those who alleged sexual harassment by founder Harvey Weinstein. FILE PHOTO: Film producer Harvey Weinstein attends the 2016 amfAR New York…
[ad_1] Boeing Co. said on Tuesday it will consult with the U.S. government on “next steps” following President Donald Trump’s decision to withdraw from a 2015 international agreement designed to deny Iran the ability to build nuclear weapons. IranAir has ordered 200 passenger aircraft worth $38.3 billion US at list prices, including 100 from Airbus,…
[ad_1] MOUNTAIN VIEW, Calif.(Reuters) – Alphabet Inc’s (GOOGL.O) Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user’s behalf. Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View,…
[ad_1] MOUNTAIN VIEW, Calif.(Reuters) – Alphabet Inc’s (GOOGL.O) Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user’s behalf. Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View,…
[ad_1] Housing construction showed signs of cooling in April, Canada Mortgage and Housing Corp. reported Tuesday, but economists said the pace remains healthy. CMHC said the seasonally adjusted annual rate of new home starts pulled back to 214,379 units last month compared with 225,459 in March. “The pace of starts eased but remained solid in April, supported…
[ad_1] A bastion of Quebec journalism, La Presse, is undergoing a major change, severing ties with the powerful Desmarais family and becoming a non-profit entity. The announcement Tuesday is aimed at enabling the French-language publication to accept private donations as well as government support. Non-profits are a common model in the U.S., where wealthy foundations and donors…
[ad_1] A bastion of Quebec journalism, La Presse, is undergoing a major change, severing ties with the powerful Desmarais family and becoming a non-profit entity. The change, enabled by recent federal legislation, will allow the digital newspaper to accept donations as a source of revenue. It’s a common model in the U.S., where wealthy foundations and donors help…
[ad_1] Increasingly we are going to be having bots conducting business on a company’s behalf. As that happens, it is going to require a trust mechanism to ensure that bot-to-bot communication is legitimate. BotChain, a new startup out of Boston wants to be the blockchain for registering bots. The new blockchain, which is built on…
[ad_1] Valeant Pharmaceuticals International Inc. is changing its name to Bausch Health Companies Inc. as it works to move further past the issues that tarnished its reputation and sullied its brand. The company, which has been working to turn itself around in recent years, said the switch will come in July and also involves changing…
[ad_1] Microsoft and Red Hat are deepening their existing alliance around cloud computing. The two companies will now offer a managed version of OpenShift, Red Hat’s container application platform, on Microsoft Azure. This service will be jointly developed and managed by Microsoft and Red Hat and will be integrated into the overall Azure experience. Red…
[ad_1] There’s concern that admitting to growing marijuana at home for recreational use — which would be allowed under proposed federal legislation — could result in a homeowners’ or renters’ insurance premiums growing like a weed. “It’s happening already,” said Alex Rea, vice-president of Homegrown Hydroponics Inc., which supplies equipment to both small hobbyist indoor gardeners and large licensed producers of medical…
[ad_1] Shares of WestJet Airlines Ltd. fell Tuesday after the company reported first-quarter earnings that failed to meet the expectations of analysts. In early trading on the Toronto Stock Exchange, shares of the airline were down $2.18, or just under 10 per cent, at $19.92. WestJet said its profit for the quarter fell compared with a year…
[ad_1] (Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to turn around its Lord & Taylor department store chain, once the cornerstone of its retail empire, people familiar with the matter said. The Lord & Taylor flagship store building is seen along Fifth Avenue…
[ad_1] TORONTO (Reuters) – The Canadian dollar weakened to a nearly seven-week low against its U.S. counterpart on Tuesday, with the currency breaking out of its recent holding pattern as oil prices fell and the greenback broadly gained. The price of oil, one of Canada’s major exports, retreated from its highest in 3-1/2 years ahead…
[ad_1] Royal Dutch Shell is selling its entire stake in Canadian Natural Resources for $3.3 billion US. The Dutch oil giant says it will use proceeds of the sale of almost 98 million shares to pay down debt. Shell got its stake in CNR last year when it sold its interest in a number of oilsands…
[ad_1] BEIJING (Reuters) – China has ramped up inspections of pork shipped from the United States, importers and industry sources said, the latest American product to be hit by a potentially costly slowdown at Chinese ports in the past couple of weeks. FILE PHOTO: Pigs nearing market weight stand in a pen at Duncan Farms…
[ad_1] NEW YORK (Reuters) – In a March speech at a Washington, D.C. law school, U.S. Attorney General Jeff Sessions slammed “activist” federal judges for blocking some of President Donald Trump’s key initiatives, voicing again a favorite grievance of the administration and Trump himself. FILE PHOTO: People walk out after the U.S. Supreme Court granted…
[ad_1] FRANKFURT/BRUSSELS/PARIS (Reuters) – Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Google logo in this picture illustration taken March 28, 2018. REUTERS/Dado…
[ad_1] LONDON (Reuters) – Oil prices eased on Tuesday from 3-1/2-year highs hit on worries the United States may be set to pull out of a key nuclear accord with Iran, while robust tech sector gains in Asia helped support world stocks. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess traveled to the United States this month to testify to authorities there about the carmaker’s emissions scandal, German newspaper Bild reported on Tuesday. A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Diess, who…
[ad_1] Innovation and forward thinking are points of pride for Cavalier Tool & Manufacturing Ltd. For more than 40 years, the Windsor, Ont., company has been at the forefront of plastic mould production, selling their products to a wide range of industries, including the auto sector. But planning ahead is becoming more of a challenge, because…
[ad_1] Canadians pay some of the highest prices in the industrialized world for cellphone plans, but a new report argues there are good reasons for it. Published by the Montreal Economic Institute (MEI), a pro-free market think-tank, the report takes aim at a 2017 wireless price-comparison study, commissioned by the federal government and completed by consulting firm Nordicity.…
[ad_1] LONDON (Reuters) – Takeda Pharmaceutical (4502.T) agreed to buy London-listed Shire (SHP.L) for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation. A Shire logo is seen outside their offices in Dublin, Ireland, April 25, 2018. REUTERS/Clodagh Kilcoyne…
[ad_1] LONDON (Reuters) – Takeda Pharma (4502.T) agreed to buy London-listed Shire (SHP.L) for 46 billion pounds ($62.42 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation. A Shire logo is seen outside their offices in Dublin, Ireland, April 25, 2018. REUTERS/Clodagh Kilcoyne…
[ad_1] (Reuters) – Carl Icahn and Darwin Deason, shareholders in Xerox Corp (XRX.N) who oppose an agreed deal with Fujifilm Holdings (4901.T), said they would consider an all-cash bid of at least $40 per share – a 43 percent premium to the Japanese firm’s offer. The logo of Xerox company is seen on a building…
[ad_1] SEOUL/SINGAPORE (Reuters) – Investors in global chipmakers have had a rocky ride in the last few months on worries about a slowing smartphone market, but a clamor for more video content from consumers is underpinning buoyant sales for memory-chip makers. FILE PHOTO: Microchips emerge from a machine onto a roll in the clean room…
[ad_1] TOKYO/SHANGHAI (Reuters) – Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply. FILE PHOTO: Crude oil storage tanks are seen from above…
[ad_1] OMAHA, Neb. (Reuters) – The first question Warren Buffett was asked at Berkshire Hathaway Inc’s annual meeting on Saturday was whether he was “semi-retired,” having given four lieutenants oversight over the company’s operating businesses and some investments. FILE PHOTO: A worker arranges a display of t-shirts with images of Warren Buffett and Charlie Munger…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Defense resumed accepting F-35 jet deliveries from Lockheed Martin Corp (LMT.N) last week after reaching an agreement on covering the costs to fix a production error, the Pentagon told Reuters on Monday. FILE PHOTO – Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in…
[ad_1] MUMBAI/BENGALURU (Reuters) – Walmart (WMT.N) is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest acquisition of a business. FILE PHOTO: The logo of India’s e-commerce firm…
[ad_1] TOKYO (Reuters) – Oil prices stood near their highest since late 2014 on Tuesday, ahead of an announcement by U.S. President Donald Trump on whether he would withdraw from a landmark nuclear deal with Iran, which fueled concerns about crude supply. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing…
[ad_1] (Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank’s low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto,…
[ad_1] (Reuters) – U.S. cable operator Comcast Corp is speaking to investment banks about obtaining bridge financing for an all-cash bid to displace Walt Disney Co on its $52 billion deal to acquire most of Twenty-First Century Fox Inc’s assets, three people familiar with the matter said on Monday. FILE PHOTO: The NBC and Comcast…
[ad_1] BOSTON (Reuters) – Massachusetts’ gambling regulator on Monday said it will allow Wynn Resorts Ltd (WYNN.O) to remove founder Steve Wynn’s name from its license for a planned $2.5 billion casino following allegations that Wynn subjected women who worked for him to unwanted sexual advances. FILE PHOTO – Steve Wynn, Chairman and CEO of…
[ad_1] (Reuters) – Snapchat-owner Snap Inc (SNAP.N) said Tim Stone, an Amazon.com Inc (AMZN.O) veteran who had led the integration of the online retailer’s $13.7-billion Whole Foods acquisition, would replace Andrew Vollero as chief financial officer. FILE PHOTO: The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo Stone,…
[ad_1] (Reuters) – Xerox Corp (XRX.N) has lost its bid for a quick appeal of a decision to block its deal with Fujifilm Holdings (4901.T), according to a court filing on Monday, handing a victory to activist investors Carl Icahn and Darwin Deason in the months-long saga. The logo of Xerox company is seen on…
[ad_1] (Reuters) – Activist investor ValueAct Capital Partners LP has built a roughly $1.2 billion stake in Citigroup Inc (C.N), the Wall Street Journal reported on Monday. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren ValueAct, which has built the position over the…
[ad_1] (Reuters) – Snapchat owner Snap Inc (SNAP.N) said on Monday Amazon.com Inc (AMZN.O) veteran Tim Stone would replace Andrew Vollero as chief financial officer effective May 16. FILE PHOTO: The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo Stone will have a annual salary of $500,000 according…
[ad_1] NEW YORK (Reuters) – Wall Street climbed on Monday, boosted by Apple’s sixth straight day of gains and by a surge in oil prices to their highest levels since 2014. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Defense has resumed accepting F-35 jet deliveries from Lockheed Martin Corp (LMT.N) after reaching an agreement on who would cover the costs to fix a production error, a Pentagon official said on Monday. The terms of the agreement were not disclosed. The cost of the fix was…
[ad_1] Air France’s share price dived Monday after its CEO quit and the French government warned that the country’s flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 per cent of Air France flights worldwide. The number of striking staffers appears to be slightly declining as…
[ad_1] LOS ANGELES/LONDON (Reuters) – Swiss-based Nestle , the world’s largest food and beverage company, will pay Starbucks Corp $7.15 billion in cash for exclusive rights to sell the U.S. chain’s packaged coffees and teas around the world, tying a premium brand to Nestle’s global distribution muscle. The agreement announced on Monday could rev up…
[ad_1] No question it’s a gimmick. Road-side signs as people enter the city of Markham now have a little something extra — a smaller, bright orange sign underneath proclaiming it the “Possible Future Home of Amazon HQ2.” The word “possible” is made to look hand-written in a purposely harder-to-read lighter colour and smaller font, of course. “Is it bold? Yes…
[ad_1] Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th century Netherlands, Buffett, the chairman and chief executive of Berkshire Hathaway Inc,…
[ad_1] At its Build developer conference this week, Microsoft is putting a lot of emphasis on artificial intelligence and edge computing. To a large degree, that means bringing many of the existing Azure services to machines that sit at the edge, no matter whether that’s a large industrial machine in a warehouse or a remote…
[ad_1] The price of the North American oil benchmark has hit $70 a barrel for the first time in more than three years on Monday, as a looming decision on whether the United States will re-impose sanctions on Iran is hanging over the market. The West Texas Intermediate futures contract for June was changing hands for…
[ad_1] At the Microsoft Build developer conference today, Microsoft and Chinese drone manufacturer DJI announced a new partnership that aims to bring more of Microsoft’s machine learning smarts to commercial drones. Given Microsoft’s current focus on bringing intelligence to the edge, this is almost a logical partnership, given that drones are essentially semi-autonomous edge computing devices.…
[ad_1] Lawyers for Jay-Z say the Securities and Exchange Commission has gone on a “celebrity hunt” by demanding the rapper submit to unlimited questioning about various businesses. The lawyers wrote in a court filing Monday that he has agreed to testify for a full day before the regulatory agency but is opposing appearing for as…
[ad_1] (Reuters) – Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG (AIG.N), Forbes reported on Monday. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo With a 4.76 percent stake, Icahn was AIG’s…
[ad_1] TORONTO (Reuters) – Canadian department store owner Hudson’s Bay Co (HBC.TO) and joint venture partner RioCan REIT (REI_u.TO) have signed a conditional agreement to sell HBC’s flagship store in downtown Vancouver for about C$675 million ($524.4 million) to an Asian buyer, a person familiar with the matter told Reuters. FILE PHOTO: A woman walks…
[ad_1] Swiss-based food giant Nestle will pay Starbucks $7.15 billion US in cash for the rights to sell the U.S. coffee chain’s products around the world, tying a premium brand to Nestle’s global distribution muscle. The deal on Monday for a business with $2 billion in sales reinforces Nestle’s position as the world’s biggest coffee company…
[ad_1] Kubernetes, the open source container orchestration tool, came out of Google several years ago and has gained traction amazingly fast. With each step in its growth, it has created opportunities for companies to develop businesses on top of the open source project. The beauty of open source is that when it works, you build…
[ad_1] LONDON/ZURICH (Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world, tying a premium brand to Nestle’s global distribution muscle. Packages of Starbucks coffee for sale are seen displayed at a Starbucks coffee shop in New York City,…
[ad_1] Microsoft is holding its annual Build developer conference this week and the company is kicking off the event with its inaugural keynote this morning. You can watch the live stream right here. The keynote is scheduled to start at 8:30 am on the West Coast, 11:30 am on the East Coast, 4:30 pm in…
[ad_1] (Reuters) – U.S. stock index futures were higher on Monday, with rising oil prices expected to keep Wall Street on track to extend Friday’s rally. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid U.S. crude CLc1…
[ad_1] NEW YORK (Reuters) – Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he characterises as “rat poison squared”, thrive on the hope they’ll find someone else who will pay more for it. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend…
[ad_1] Mesosphere, a company that created an operating system of sorts for the modern datacenter, announced today that it has raised $125 million for their Series D round. Today’s investment brings total funding since it formed in 2013 to almost $250 million. The round was led by T. Rowe Price Associates and Koch Disruptive Technologies…
[ad_1] (Reuters) – Cognizant Technology Solutions Corp’s (CTSH.O) quarterly revenue rose 10 percent and edged past Wall Street forecasts, benefiting from higher spending by healthcare and financial services clients. The Cognizant logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren…
[ad_1] LONDON/ZURICH (Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires. Packages of Starbucks coffee for sale are seen displayed at a Starbucks coffee shop in New York…
[ad_1] It’s been nearly a decade since he stepped into a printing plant, but Mitch LaPrade still remembers the distinct smell — a smell so strong it saturated his clothes, his hair, even his skin. “It was a heavy smell of ink, lots of ink — you might call it a tar smell,” says LaPrade, who lives…
[ad_1] One of the Trudeau government’s signature acts of Indigenous reconciliation is being challenged in court, exposing the fierce competition between First Nations for a shellfish quota worth millions — and the jockeying by one of Canada’s leading seafood companies to keep control of the fishery. Hundreds of pages of records filed in Federal Court offer new…
[ad_1] CEOs of the largest oilpatch companies are stepping up to the podium this month for their annual address to shareholders and, one by one, they are painting a picture of how uncompetitive it is to operate in Canada and attract investment dollars. Since the 2014 oil price crash, profits have returned to the oilpatch, but…
[ad_1] SYDNEY (Reuters) – Australia’s ANZ said it would quit paying bonuses to financial planners for selling its products, becoming the country’s first major lender to change business practices in response to a powerful inquiry that has unmasked widespread misconduct in the sector. FILE PHOTO: A man uses his mobile phone in front of an…
[ad_1] LONDON (Reuters) – A resurgent dollar and higher borrowing costs are smashing through Argentina and Turkey’s currencies like a wrecking ball and raising the likelihood more broadly that emerging markets’ three-year long interest rate cutting cycle is at an end. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12,…
[ad_1] SYDNEY (Reuters) – Most Asia markets firmed on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for an Iranian nuclear deal lurked in the background. FILE PHOTO: A visitor is seen as market prices are…
[ad_1] ZURICH (Reuters) – Nestle (NESN.S) will pay Starbucks (SBUX.O) $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company’s products around the world outside Starbucks’ coffee shops. Packages of Starbucks coffee for sale are seen displayed at a Starbucks…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 while Brent crude prices climbed to fresh highs, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies. FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies. FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos Aires, Argentina, February, 3, 2016. REUTERS/Enrique Marcarian The…
[ad_1] SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) said it would stop paying financial planners bonuses for selling its products, the first of the country’s top lenders to change business practices amid a powerful inquiry into misconduct in the sector. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia…
[ad_1] SYDNEY (Reuters) – Asian shares crept higher on Monday after a tame reading on U.S. wages lowered the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for the Iranian nuclear deal argued for caution. FILE PHOTO: A visitor is seen as market prices are reflected…
[ad_1] HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. FILE PHOTO: The logo of Venezuelan oil company PDVSA is…
[ad_1] SINGAPORE (Reuters) – Oil markets were steady on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran. FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos Aires, Argentina, February, 3, 2016. REUTERS/Enrique…
[ad_1] SINGAPORE (Reuters) – Oil markets held firm on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran. FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos Aires, Argentina, February, 3, 2016. REUTERS/Enrique…
[ad_1] SYDNEY (Reuters) – Asian shares crept higher on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for the Iranian nuclear deal argued for caution. FILE PHOTO: A visitor is seen as market prices are reflected…
[ad_1] (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) said on Monday it would remove sales incentives for financial planning bonuses, in a move that comes amid intense scrutiny of Australia’s financial sector. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photo The lender would…
[ad_1] HONG KONG (Reuters) – Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as the region’s regulators pay greater attention to corporate governance, according to research from JP Morgan (JPM.N). FILE PHOTO: A general view shows downtown area in Osaka, Japan December 12, 2016. REUTERS/Toru Hanai…
[ad_1] HOUSTON (Reuters) – U.S. oil firm ConocoPhillips (COP.N) has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to two sources familiar with its actions. FILE PHOTO: Logos of ConocoPhillips are seen in its…
[ad_1] MADRID (Reuters) – Spanish lender Caixabank (CABK.MC) said on Sunday it has agreed to increase its majority stake in BPI (BBPI.LS) and aims for a full takeover before de-listing the Portuguese bank. FILE PHOTO: An Estelada (Catalan separatist flag) is seen on a balcony near a Caixa bank branch in Barcelona, Spain October 6,…
[ad_1] ZURICH (Reuters) – Discussions between Swiss Re (SRENH.S) and SoftBank (9984.T) about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday, quoting people close to the situation. FILE PHOTO: Shop employees of SoftBank Corp work outside its branch in Tokyo, Japan, August 6, 2015. REUTERS/Yuya…
[ad_1] WILMINGTON, Del./NEW YORK (Reuters) – Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians. A man aims a Remington firearm at the annual National Rifle Association (NRA) meeting in Dallas,…
[ad_1] NEW YORK (Reuters) – The threat of steep tariffs on soybeans, wheat and corn from an escalating U.S.-China trade dispute may decide the survivor among the two largest real estate funds in the hard-hit U.S. farm sector. FILE PHOTO: The sun rises behind a corn tassel in a field in Minooka, Illinois, September 24,…
[ad_1] BEIJING (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken…
[ad_1] Last week at KubeCon and CloudNativeCon in Copenhagen, we saw an open source community coming together, full of vim and vigor and radiating positive energy as it recognized its growing clout in the enterprise world. This project, which came out of Google just a few years ago, has gained acceptance and popularity astonishingly rapidly…
[ad_1] In partnership with Mount Royal University’s Bachelor of Communication-Journalism program and the Calgary Journal, CBC Calgary is publishing a series profiling some of the immigrants and refugees who moved here and how they’re helping shape our city. Francis Duahn’s life in Liberia was unexpectedly stripped from him because of a brutal civil war. After fleeing conflicts in…
[ad_1] PARIS (Reuters) – Air France must become more competitive or it risks being further outpaced by rivals, French Finance Minister Bruno Le Maire said on Sunday, piling pressure on unions and the carrier’s management to resolve a stand-off over pay. French Minister for the Economy and Finance Bruno Le Maire arrives for the Informal…
[ad_1] DUBAI/PARIS/ABU DHABI (Reuters) – Airbus and Boeing are preparing for possible changes to dozens of plane orders from Middle East carrier Etihad Airways as it presses ahead with a company-wide review, four sources familiar with the matter said. FILE PHOTO: Etihad Airways Airbus A320-200 is seen at the National Airport Minsk, Belarus April 19,…
[ad_1] (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security for the suspension of a business ban, it said in a filing to Shenzhen stock exchange on Sunday. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018.…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway (BRKa.N) at the same time. FILE PHOTO: An iPhone X is…
[ad_1] PARIS (Reuters) – Air France, facing deepening turmoil over a dispute with staff over pay, said on Sunday it expected to operate close to 85 percent of flights during strike disruptions on May 7. The empty podium is seen after Jean-Marc Janaillac, Chief Executive Officer of Air France-KLM Group, attended a news conference to…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Most of Facebook’s U.S. users have remained loyal to the social network despite revelations that a political consultancy collected information about millions of accounts without owners’ permission, a Reuters/Ipsos poll released on Sunday showed. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook…
[ad_1] Tuesday marks the final day to apply for Loblaws’ $25 gift card, offered as compensation for the retailer’s admitted part in a bread price-fixing scandal. Many Canadians report they’re satisfied with their gift of free groceries. However, the end of the card program doesn’t mark the end of the retailer’s troubles — far from it. For…
[ad_1] NAFTA negotiators are nearing the end of the runway. Observers tracking the ups and downs of these intense trade talks say that if Canada, the United States and Mexico can’t get something on paper over the next few weeks, negotiations could easily drag on into 2019. Foreign Affairs Minister Chrystia Freeland arrives in Washington Monday for another round of…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Bell loses in court One customer’s legal battle over service fees has ended in victory. A Toronto man took Bell Canada to court after the company refused to honour a…
[ad_1] LONDON (Reuters) – The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will raise borrowing costs at all this year. FILE PHOTO: A bus passes the Bank of…
[ad_1] CARACAS (Reuters) – Venezuela’s government has named Simon Zerpa, who was sanctioned by the United States last year, as an external director of state oil company PDVSA [PDVSA.UL] while confirming General Manuel Quevedo as the firm’s president, the company said in a statement. FILE PHOTO: Venezuelan Economy and Finance Minister Simon Zerpa looks on…
[ad_1] OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with developing “extremely sticky” products to which consumers become attached and endorsed Apple’s decision…
[ad_1] LONDON (Reuters) – Amazon (AMZN.O) made an unsuccessful informal attempt to buy upmarket British supermarket chain Waitrose late last year, the Sunday Times newspaper reported. FILE PHOTO: Waitrose shopping carts are seen outside a supermarket in west London July 6, 2010. REUTERS/Toby Melville Citing an unidentified source, the newspaper said Amazon’s vice president of…
[ad_1] PARIS (Reuters) – Air France-KLM’s (AIRF.PA) board will decide on a management transition plan on May 15, the company said on Saturday, after CEO Jean-Marc Janaillac said he would step down when staff at its French brand rejected a pay deal. Jean-Marc Janaillac, Chief Executive Officer of Air France-KLM Group, attends a news conference…
[ad_1] OMAHA, Neb. (Reuters) – Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will come to loggerheads on trade, and the countries would avoid doing “something extremely foolish.” Warren Buffett, CEO of Berkshire Hathaway Inc, talks to a reporter in the exhibit hall at the company’s annual meeting…
[ad_1] DALLAS (Reuters) – Larry Lopata and some friends were sitting around the campfire on a hunting trip when they came up with an idea for a new firearms product: an adjustable-length trigger, so people with different sized hands can comfortably share the same gun. Gun enthusiasts look at rifles during the annual National Rifle…
[ad_1] WASHINGTON (Reuters) – The White House on Saturday harshly criticized China’s efforts to require foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling the effort “Orwellian nonsense.” FILE PHOTO: A U.S. flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. REUTERS/Thomas Peter In a statement,…
[ad_1] WASHINGTON (Reuters) – The White House on Saturday harshly criticized China’s efforts to require foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling the effort “Orwellian nonsense.” FILE PHOTO: A U.S. flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. REUTERS/Thomas Peter In a statement…
[ad_1] You’ve likely never heard of the Eagle Spirit Energy pipeline, but for the past five years the project’s leader has been quietly working on the plan to build the next pipeline across northern B.C. “We are now putting together a very solid commercial plan for how we are going to do this,” said CEO…
[ad_1] OMAHA, Neb. (Reuters) – Warren Buffett lost money but had a pretty good quarter. Shareholders walk through the exhibit hall at the Berkshire Hathaway Inc annual meeting, the largest in corporate America, in its hometown of Omaha, Nebraska, U.S., May 4, 2018. REUTERS/Rick Wilking Berkshire Hathaway Inc (BRKa.N) on Saturday reported an unusual quarterly…
[ad_1] LONDON (Reuters) – A minority shareholder of Britain’s House of Fraser, Sports Direct (SPD.L), is suing the department store chain to gain access to its business plan, after House of Fraser announced a major restructuring this week. FILE PHOTO: Shoppers walk past House of Fraser on Oxford Street in central London, Britain, April 2,…
[ad_1] OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss. Shareholders walk through the exhibit hall at the Berkshire Hathaway Inc annual meeting, the largest in…
[ad_1] OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss. Shareholders walk through the exhibit hall at the Berkshire Hathaway Inc annual meeting, the largest in…
[ad_1] Wild swings in oil prices have wrought havoc on energy company finances in recent years, prompting several to lock in their price to avoid further shocks. However, those price hedges have been a boon to some companies and a curse to others. Hedging has cost some companies hundreds of millions of dollars, while protecting others…
[ad_1] (Reuters) – Fidelity Investments has fired or allowed more than 200 employees to resign over alleged misuse of workplace-benefit programs, the Wall Street Journal reported on Friday, citing people familiar with the matter. FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. To match Special Report USA-FIDELITY/FAMILY…
[ad_1] LONDON (Reuters) – Nestle (NESN.S), the world’s largest coffee company, is close to a deal with Starbucks Corp (SBUX.O) for the part of its business that sells bagged coffee and drinks in supermarkets, according to media reports on Friday. FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General…
[ad_1] Conservative leader Andrew Scheer says a lack of leadership from the federal government forced Alberta and B.C. into conflict over the Trans Mountain pipeline project. Kinder Morgan has announced it was scaling back the federally-approved $7.4-billion project because of opposition and delays from the B.C. government. The company gave the federal government until May 31 to offer assurance…
[ad_1] (Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp (CBS.N) and Viacom Inc (VIAB.O), has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the…
[ad_1] (Reuters) – The U.S. Justice Department said on Friday that former Volkswagen Chief Executive Martin Winterkorn, indicted on four felony charges in Detroit in the company’s diesel emissions scandal, is a fugitive who faces a U.S. arrest warrant. Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo The class action…
[ad_1] (Reuters) – SandRidge Energy (SD.N) said on Friday it would increase its board size to seven from five to allow investors to elect two of activist investor Carl Icahn’s nominees. An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange, January 11, 2013. REUTERS/Brendan…
[ad_1] NEW YORK (Reuters) – The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week. Apple Inc (AAPL.O) provided the biggest boost as…
[ad_1] NEW YORK/WASHINGTON (Reuters) – Federal investigators were assigned last year to monitor Southwest Airlines’ (LUV.N) maintenance operations, the Federal Aviation Administration said on Friday, after whistleblower complaints of mistreatment of mechanics raised safety concerns. FILE PHOTO: A Southwest Airlines plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area,…
[ad_1] (Reuters) – Deutsche Bank AG (DBKGn.DE) said on Friday it will move its New York headquarters from Wall Street to a location midtown. A man walks past the Deutsche Bank offices during a snow storm in Manhattan’s financial district in New York January 21, 2014. REUTERS/Brendan McDermid/File Photo The bank will shift to 1…
[ad_1] WASHINGTON (Reuters) – U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force. The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that…
[ad_1] Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne are in Cambridge, Ont., for the expected announcement of a shot in the arm for Ontario’s auto manufacturing sector. Published reports suggest Toyota is spending more than $1 billion to upgrade its two Canadian assembly plants, in the Ontario cities of Cambridge and Woodstock. The Woodstock plant…
[ad_1] NEW YORK (Reuters) – Apple and other technology stocks led a rally on Wall Street on Friday after weaker-than-expected U.S. wage growth data eased concerns about faster interest-rate hikes. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – Tesla Inc Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets. In a post-earnings call on Wednesday, Musk refused to answer questions from analysts on…
[ad_1] The future of energy has perhaps never been so uncertain. Is peak oil demand decades away or around the corner? Can we develop renewable energy technology that can meet the world’s growing energy demands? Will all cars be electric one day? The answers could fundamentally impact how we live. Calgary will host an international conference called “Energy Disruptors: Unite…
[ad_1] OMAHA, Neb. (Reuters) – Warren Buffett’s manufactured housing unit Clayton Homes is borrowing the playbook of Berkshire Hathaway Inc’s longtime chairman as it boosts its bet on a growing market for traditional site-built homes. Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick…
[ad_1] Starbucks will close all its Canadian company-operated stores and offices for an afternoon next month to provide training about creating a “culture of warmth and belonging.” The announcement comes nearly a month after the Seattle-based company publicly apologized for the arrest of two black men who had been refused permission to use the washroom…
[ad_1] (Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it had bought 75 million more shares of the iPhone maker in the first three months of the year. FILE PHOTO – Berkshire Hathaway CEO Warren Buffett waits to play table tennis during the Berkshire Hathaway…
[ad_1] WestJet Airlines said it is severing ties with airfare finder app Hopper due to confusion over the developer’s announcement the airline would offer “secret fares” on its app. Montreal-based Hopper announced Wednesday that WestJet and Air Canada were among its first global partners to unload some of their seats via “secret fares” at discounts…
[ad_1] Tesla CEO Elon Musk is going on the defensive in a series of tweets, saying the people he shut down during a contentious conference call were “sell-side analysts who represent a short seller thesis, not investors.” Musk, who’s been known for his quirky behaviour, came under scrutiny after the conference call for Tesla’s quarterly…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said it was “foolish” of him to snub Wall Street analysts on a conference call after earnings on Wednesday. In a series of tweets on Friday, he claimed the two analysts he cut off in questioning “were trying to justify their Tesla short thesis.”…
[ad_1] Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to the Chinese government on Friday. The talks over the past two days have involved a high-level U.S. trade delegation led by Treasury Secretary Steven Mnuchin…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk defended the snub of two Wall Street analysts on a conference call, proclaiming in a tweet on Friday that they “were trying to justify their Tesla short thesis.” SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX…
[ad_1] U.S. employers stepped up hiring in April as the unemployment rate fell to 3.9 per cent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about a possible trade war. The Labor Department says employers added a decent 164,000 jobs last month, up from an upwardly revised 135,000 in March.…
[ad_1] BEIJING (Reuters) – Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, China said on Friday. A statement from the nation’s state-run Xinhua news agency at the end of the talks gave little indication that there…
[ad_1] MUMBAI/BENGALURU (Reuters) – Indian e-commerce firm Flipkart’s board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away. FILE PHOTO: A Common myna sits next to the logo of India’s e-commerce…
[ad_1] CHICAGO (Reuters) – Encouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio. That plan now is shelved, Haberman said, because the cost of steel used in Gradall’s telescopic excavators and vacuum…
[ad_1] BEIJING (Reuters) – Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to China’s Xinhua news agency on Friday. The two sides, though, committed to resolving their trade disputes through dialogue, state-run Xinhua reported. And…
[ad_1] Ever since Google created Kubernetes as an open source container orchestration tool, it has seen it blossom in ways it might never have imagined. As the project gains in popularity, we are seeing many adjunct programs develop. Today, Google announced the release of version 0.1 of the Kubeflow open source tool, which is designed…
[ad_1] LONDON (Reuters) – World stocks were set for their biggest weekly loss since the middle of March on Friday, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the United States. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis…
[ad_1] BEIJING (Reuters) – A U.S. trade delegation in China has been having very good conversations, U.S. Treasury Secretary Steven Mnuchin said on Friday, as he headed into the second and likely last day of talks in Beijing. A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two-day…
[ad_1] As Facebook continues to face questions about its ability to protect the privacy of users’ data in the wake of the Cambridge Analytica scandal, some may wonder about the timing of its announcement that it will soon launch a dating service — which arguably would contain people’s most personal information. “[It’s] an interesting move,” said…
[ad_1] BEIJING (Reuters) – A U.S. trade delegation wants China to cut a bilateral trade imbalance immediately and to stop subsidizing advanced technology, a Wall Street Journal reporter wrote on Twitter on Friday, citing a document issued to the Chinese before talks. A staff member sets up Chinese and U.S. flags for a meeting during…
[ad_1] SHENZHEN/SHANGHAI, China (Reuters) – At its high-tech laboratories in the Chinese manufacturing hub of Shenzhen, Beike Biotechnology is developing medical robots that could help treat cancer. It has big plans to export these to markets like the United States. Sewing machines for sale are on display at a showroom run by Zhejiang Bote Sewing…
[ad_1] ROZZANO, Italy (Reuters) – Telecom Italia’s (TIM) (TLIT.MI) top two investors will face off for the first time on Friday as they put their battle over board seats at the Italian phone group to a shareholder vote. FILE PHOTO: A Telecom Italia tower is pictured in Rome, Italy March 22, 2016. REUTERS/Stefano Rellandini/File Photo…
[ad_1] PARIS (Reuters) – BNP Paribas (BNPP.PA), France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, as a weaker dollar and sluggish fixed income trading impacted investment banking revenues. FILE PHOTO: A BNP Paribas logo is seen at a bank in Paris, France, April 6, 2018. REUTERS/Benoit Tessier/File…
[ad_1] SINGAPORE (Reuters) – Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts. FILE PHOTO – A pedestrian stands to look at an electronic board showing the stock market indices of…
[ad_1] (Reuters) – Xerox Corp (XRX.N) said on Thursday its current board and management team, which included Chief Executive Jeff Jacobson, will stay, after a settlement agreement it had reached with dissenting shareholders to oust them expired. FILE PHOTO – Xerox chief executive officer, Jeff Jacobson (L), smiles as he stands on the floor of…
[ad_1] (Reuters) – Berkshire Hathaway Inc (BRKa.N) bought 75 million additional Apple Inc (AAPL.O) shares in the first quarter, CEO Warren Buffett told CNBC on Thursday. FILE PHOTO – Berkshire Hathaway CEO Warren Buffett waits to play table tennis during the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, U.S. May 7, 2017. REUTERS/Rick Wilking…
[ad_1] An Alberta businessman who has quietly been teeing up hundreds of millions of dollars in deals for Chinese investors to buy oilpatch assets is the first person known to be targeted by the Canada Revenue Agency’s criminal investigations into the Panama Papers, court records reveal. Wentao Yang’s million-dollar Calgary home, a West Vancouver mansion…
[ad_1] WASHINGTON/CALGARY, Alberta (Reuters) – TransCanada Corp (TRP.TO) plans to start preliminary work on its Keystone XL pipeline project in Montana in the fall of 2018 ahead of full construction in 2019, according to a letter from the U.S. State Department to Native American tribes. FILE PHOTO – A TransCanada Keystone Pipeline pump station operates…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk’s refusal to answer “boring” Wall Street questions about finances sent the electric vehicle maker’s shares down as much as 7 percent on Thursday, jarring investors and raising concerns about its ability to raise money in the future. Tesla’s bonds followed the shares lower and, with at…
[ad_1] BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday a trade delegation he is leading in China has been having very good conversations, as he heads into the second and likely last day of talks in Beijing. U.S. Treasury Secretary and member of a U.S. trade delegation Steven Mnuchin leaves a hotel…
[ad_1] SINGAPORE (Reuters) – Asian shares were steady while the Japanese yen held onto overnight gains in early trading on Friday as financial markets turned their attention to the looming U.S. payrolls data for fresh catalysts. An electronic board showing the Nikkei share average is seen as market prices are reflected in a glass window…
[ad_1] WASHINGTON (Reuters) – AT&T told a federal judge late Thursday it should reject any request by the U.S. Justice Department to force it to divest its DirecTV unit or Turner networks as part of approving its proposed $85.4 billion acquisition of Time Warner Inc. FILE PHOTO: A combination photo shows the Time Warner shares…
[ad_1] SHANGHAI (Reuters) – CEFC China Energy, the once high-flying conglomerate that is now conducting fire sales of its assets following an investigation into its chief, appears to be hitting rock bottom. CEFC logo is seen at CEFC China Energy’s office in Shanghai, China May 3, 2018. REUTERS/Aly Song Staff have not been paid for…
[ad_1] WASHINGTON (Reuters) – Federal prosecutors in Detroit on Thursday unsealed charges against former Volkswagen AG (VOWG_p.DE) Chief Executive Martin Winterkorn, accusing him of conspiring to mislead regulators about the German automaker’s diesel emissions cheating. Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s emissions scandal in…
[ad_1] (Reuters) – Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some to be stored in readable text on its internal computer system rather than disguised by a process known as “hashing”. The social network disclosed the issue in a blog post and series of Tweets…
[ad_1] (Reuters) – CBS Corp (CBS.N), which is in tough merger talks with Viacom Inc (VIAB.O), topped revenue and profit estimates on Thursday, helped by healthy ad sales and higher revenue from affiliate and subscription fees. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th avenue in New York, U.S.…
[ad_1] Twitter Inc. urged its more than 330 million users to change their passwords after a glitch caused some of them to be stored in plain text on its internal computer system. The social network said it had fixed the glitch and that an internal investigation had found no indication passwords were stolen or misused…
[ad_1] (Reuters) – Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some of them to be stored in plain text on its internal computer system. FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo The social network said…
[ad_1] Former Volkswagen chief executive Martin Winterkorn was charged in federal court in Detroit with conspiring to mislead regulators about the German automaker’s diesel emissions cheating. Volkswagen did not immediately comment. An indictment filed in secret in March, was unsealed on Thursday in U.S. District Court, and names numerous former executives. Winterkorn resigned soon after…
[ad_1] NEW YORK (Reuters) – U.S. stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid A sharp drop…
[ad_1] NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on…
[ad_1] (Reuters) – American International Group Inc (AIG.N) executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent. FILE PHOTO: A woman stands in front of an AIG logo in Tokyo March 3, 2009.…