[ad_1] LONDON (Reuters) – Bank of America (BAC.N) will relocate up to 125 jobs from Britain mostly to Ireland as it prepares for Britain’s exit from the European Union, according to a corporate filing. FILE PHOTO: A Bank of America sign is displayed outside a branch in Tucson, Arizona January 21, 2011. REUTERS/Joshua Lott/File Photo…
[ad_1] Chinese and U.S. officials met face-to-face Thursday in an attempt to resolve a dispute over technology that has taken the world’s two largest economies the closest they’ve ever come to a trade war. A high-powered U.S. delegation arrived in Beijing for talks with Chinese officials aimed at defusing the tensions, though analysts say they…
[ad_1] Shares in two of Canada’s three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday. The Investment Industry Regulatory Organization of Canada halted trading in shares of MedReleaf Corp. and Aurora Cannabis Inc. on Thursday, “pending news.” The moves comes after the Globe and Mail newspaper first reported that MedReleaf had been seeking a…
[ad_1] (Reuters) – Tesla Inc chief Elon Musk’s refusal to answer “boring” Wall Street questions about the electric car maker’s financial condition sent shares down as much as 7 percent on Thursday and spurred concerns about its ability to raise money in the future. FILE PHOTO: SpaceX founder Elon Musk pauses at a press conference…
[ad_1] A group of Tim Hortons U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International, escalating growing tensions between the company and owners of its U.S. and Canadian coffee shops. The Great White North Franchisee Association-U.S. is challenging a clause in Restaurant Brands’ franchise agreements that requires all disputes to be resolved in…
[ad_1] Tesla’s shares are tumbling Thursday after the electric vehicle maker posted a record first-quarter loss and its CEO got testy at times during a conference call. Tesla tore through $745.3 million US in cash in the quarter, due largely to the slow production ramp-up of the Model 3 mass-market electric sedan. When questioned on…
[ad_1] (Reuters) – Bombardier Inc (BBDb.TO) said on Thursday it will stick by its remaining commercial aerospace program after agreeing to sell its biggest land asset, as the Canadian plane and train maker strives to raise cash to pay down its debt. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to…
[ad_1] As companies turn increasingly to containerization, it creates challenges in terms of monitoring each individual container and the impact on the underlying application. This is particularly difficult because of the ephemeral nature of containers, which can exist for a very short time. Datadog introduced a container map product today that could help by bringing…
[ad_1] Canada’s trade deficit ballooned to a record $4.1 billion in March as an import surge in consumer goods, cars and car parts far outweighed Canadian exports. Imports climbed six per cent to $51.7 billion, Statistics Canada said. More than one-fifth of that was cars and car parts, which grew by their biggest monthly amount since 2011.…
[ad_1] WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter. FILE PHOTO: A plane is seen during take off in New Jersey behind the Statue of Liberty…
[ad_1] Bombardier Inc. has signed a deal to sell its Downsview property in Toronto for $635 million to the Public Sector Pension Investment Board. Under a lease agreement, Bombardier will continue to operate from Downsview for up to three years following the closing of the deal, with two optional one-year extension periods. Bombardier also signed…
[ad_1] As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform, it’s raising another big $100 million round of funding to try to make its Houndify platform a third neutral option compared to Alexa and Google Assistant. While Amazon works…
[ad_1] LONDON (Reuters) – World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo…
[ad_1] BEIJING/HONG KONG (Reuters) – Chinese smartphone and connected device maker Xiaomi is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in almost four years. The IPO plans, filed on Thursday, will be one of the first in Hong Kong under new…
[ad_1] (Reuters) – Canadian plane and train maker Bombardier Inc (BBDb.TO) has agreed to sell its Toronto aircraft assembly site to a pension fund as it strives to raise extra cash under a five-year recovery plan. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and…
[ad_1] BEIJING (Reuters) – U.S. President Donald Trump praised his relationship with Chinese President Xi Jinping as a U.S. delegation arrived in Beijing on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying. A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during…
[ad_1] ZURICH (Reuters) – UBS Group (UBSG.S) Chief Executive Sergio Ermotti warned on Thursday that investors may be expecting too much too soon from Switzerland’s biggest bank, noting heavy spending on technology would weigh on results in the short term. CEO Sergio Ermotti of Swiss bank UBS speaks at the annual news conference in Zurich,…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is pondering spin-offs of non-core assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the group seeks to boost its efficiency and become more nimble. Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May…
[ad_1] Gas prices keep climbing across the country, yet Canadians show no sign of slowing down how much gas and diesel they pump into their cars and trucks. Pump prices have jumped almost 20 cents per litre across Canada over the last three months for regular gasoline and are expected to continue rising this summer.…
[ad_1] Auto sales figures for April confirmed a trend that’s been years in the making: consumers are losing interest in small cars, and so are some of the companies that make them. Ford made headlines last week when the iconic automaker said it would stop making and selling virtually all types of cars in North America by…
[ad_1] PARIS (Reuters) – If there’s one industry Emmanuel Macron has sought to tie his political fortunes to since storming to victory in France’s presidential election last May, it’s technology. Roxanne Varza, director of “Station F”, a mega-campus for startups located inside a former freight railway depot, poses for a photograph in Paris, France, March…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) Chief Executive Masayoshi Son is not involved in trying to get the proposed merger of U.S. wireless carriers Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) approved, Sprint’s outgoing chief executive said on Thursday. SoftBank Group Corp Chairman and CEO Masayoshi Son leaves a session at SoftBank…
[ad_1] (Reuters) – Amazon.com Inc said it has halted planning for a new office building in Seattle and might sub-lease rather than occupy another future tower downtown, pending a city council vote on a proposed tax on top businesses. The Amazon Spheres are seen from 6th Avenue at Amazon’s Seattle headquarters in Seattle, Washington, U.S.,…
[ad_1] BEIJING (Reuters) – A U.S. trade delegation arrived in Beijing on Thursday for key talks over tariffs, with Chinese state media saying China will stand up to U.S. bullying if needed but that it was still better to hash things out around the negotiating table. U.S. Treasury Secretary Steven Mnuchin (C) and the U.S.…
[ad_1] BEIJING/HONG KONG (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology firm in almost four years. FILE PHOTO: The logo of Xiaomi is seen inside the company’s office in Bengaluru,…
[ad_1] (Reuters) – A Chicago fund manager that suffered catastrophic losses in a market plunge earlier this year has blamed the actions of its broker, a Wells Fargo & Co unit, according to court documents filed on Wednesday. FILE PHOTO – The sign at a Wells Fargo banking location is pictured in Pasadena, California, U.S.,…
[ad_1] DETROIT (Reuters) – General Motors Co said on Thursday it was working with design software company Autodesk Inc to manufacture new, lightweight 3D-printed parts that could help the automaker meet its goals to add alternative-fuel vehicles to its product lineup. FILE PHOTO – A Chevrolet Bolt EV vehicle is seen on the assembly line…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Thursday as hopes waned for real progress in Sino-U.S. trade talks, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March…
[ad_1] BEIJING (Reuters) – Chinese state media expressed caution on Thursday ahead of key trade talks with senior U.S. officials in Beijing, saying China will stand up to U.S. bullying if needed but that it was still better to hash things out around the negotiating table. Chinese and U.S. flags are set up for a…
[ad_1] Even three years ago, one of the world’s biggest companies announcing it was bringing 3,000 high-paying jobs to Vancouver would bring with it applause from virtually all corners. But in 2018, it seems everything that happens here is viewed through the lens of housing prices. Swear to god if a giant meteor were crashing…
[ad_1] Canada’s two largest airlines are using an airfare prediction app to unload some of their seats via “secret fares” at discounts of up to 35 per cent. Air Canada and WestJet are among the first global airlines to make their flights available for the large discounts, starting Wednesday. Montreal-based app developer Hopper said other…
[ad_1] BEIJING (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be one of the largest listings by a Chinese tech company in almost four years. People walk past a Xiaomi store in Beijing, China March 31, 2018. Picture taken…
[ad_1] SAN FRANCISCO (Reuters) – Ducking analysts’ questions has a price: $2 billion. Tesla Inc investors gave a rare rebuke to iconoclastic Chief Executive Elon Musk on Wednesday after he cut off analysts asking about future profit potential, sending shares down 5 percent despite promises that production of the troubled Model 3 electric car was…
[ad_1] NEW YORK (Reuters) – Weapons manufacturer Remington Outdoor Company Inc won approval for its bankruptcy plan on Wednesday, paving the way for the company to slash debt, boost its cash position and better weather the uncertain climate for firearms in the United States. FILE PHOTO: A man walks with his Remington 870 Express 12…
[ad_1] LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) (TAMO.NS) is replacing its director for manufacturing as it prepares its plants for an electrified future, the firm said on Thursday. A Jaguar I-PACE car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018.…
[ad_1] (Reuters) – Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company said on Wednesday. The company will begin bankruptcy proceedings, it said, after losing clients and facing…
[ad_1] NEW YORK (Reuters) – Remington Outdoor Company Inc won approval for its bankruptcy plan on Wednesday, paving the way for the arms maker to slash debt, boost its cash position and better weather the uncertain climate for firearms in the United States. FILE PHOTO: A man walks with his Remington 870 Express 12 gauge…
[ad_1] BENGALURU/MUMBAI (Reuters) – Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart, CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc’s bid for majority ownership of the Indian online retailer. FILE PICTURE – The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters. A Tesla Model 3…
[ad_1] (Reuters) – The poorest U.S. consumers would lose most from the proposed tie-up of wireless carriers T-Mobile US Inc and Sprint Corp, according to consumer advocates who warned the combined company would hike fees for pre-paid and other low-cost mobile phone plans. A smartphones with Sprint logo are seen in front of a screen…
[ad_1] When Tesla releases first-quarter earnings after the closing bell on Wednesday, investors will be scrutinizing more than the bottom line. They’ll want to see how much cash the company burned during the quarter as well as its free cash flow, which is cash generated minus capital spending. Those numbers could either allay or increase…
[ad_1] (Reuters) – Cambridge Analytica, the data firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent firm SCL Elections Ltd are shutting down immediately, the company said on Wednesday. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls…
[ad_1] Cambridge Analytica, the consultancy at the centre of this year’s Facebook privacy row, is closing its doors, the Wall Street Journal reported Wednesday, citing the founder of the firm’s U.K.-based parent. SCL Group founder Nigel Oakes confirmed that both companies were closing, the WSJ said. The newspaper added, citing an unnamed source, that the decision was taken because the companies…
[ad_1] NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday after the Federal Reserve released its policy announcement, leaving interest rates unchanged. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid In its announcement, the U.S. central bank expressed a confident economic…
[ad_1] (Reuters) – U.S. stocks edged lower on Wednesday, with declines in biotechnology and insurers negating Apple’s gains after strong results, as investors await the Federal Reserve’s policy announcement. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid The U.S. central bank is…
[ad_1] Canada’s gross domestic product grew 3.3 per cent in Canada in 2017 — the strongest pace of growth in six years, according to Statistics Canada. The output of the economy grew last year for every province and the territories except Yukon, the agency reported on Wednesday. The three provinces with the best GDP growth rates…
[ad_1] MONTREAL/PARIS (Reuters) – Bombardier (BBDb.TO) and Airbus (AIR.PA) named the top leaders for the CSeries program, in a further step towards finalizing a deal in which the European planemaker will take control of the Canadian jetliner, according to a memo to staff on Wednesday that was seen by Reuters. FILE PHOTO: A Bombardier CSeries…
[ad_1] MONTREAL, PARIS (Reuters) – Bombardier (BBDb.TO) and Airbus (AIR.PA) unveiled to employees the top leaders for the CSeries program, in a further step towards finalizing a deal that will see the European planemaker taking control of the Canadian jetliner, according to a memo to staff on Wednesday that was seen by Reuters. FILE PHOTO:…
[ad_1] (Reuters) – Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat. FILE PHOTO: The Snapchat messaging application is seen on a phone screen August 3,…
[ad_1] Kubernetes, the open source container orchestration tool, does a great job of managing a single cluster, but Upbound, a new Seattle-based startup wants to extend this ability to manage multiple Kubernetes clusters across multi-cloud environment. It’s a growing requirement as companies deploy ever-larger numbers of clusters and choose a multi-vendor approach to cloud infrastructure…
[ad_1] Loblaw Companies Ltd. has announced plans to expand its grocery pickup and delivery services across the country this year. The company plans to add home delivery to five more markets this year, including Montreal, Halifax and Regina. Late last year, the company partnered with California-based Instacart to launch home delivery in two Canadian cities.…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday. FILE PHOTO: An employee…
[ad_1] A private equity firm emerged Tuesday as the winning bidder for the Weinstein Co., the studio forced into bankruptcy by the sexual misconduct scandal that brought down Hollywood mogul Harvey Weinstein. The Weinstein Co. announced in a statement that no other bidder made a better offer than Dallas-based Lantern Capital, which made a “stalking-horse”…
[ad_1] It’s a promise that seems almost too good to be true: super-fast internet that’s cheap, and free of the contracts and hassles that come with major service providers. That’s not a pipe dream for Brian Hall, it’s his goal. The lead volunteer behind the community group NYC Mesh aims to bring affordable internet with…
[ad_1] LONDON (Reuters) – Unilever (ULVR.L)(UNc.AS) defended its plan to move its headquarters to the Netherlands at what could be its last London annual general meeting on Wednesday, saying the decision had nothing to do with protectionism or Dutch takeover rules. FILE PHOTO: Traffic and people pass the front of the Unilever building in central…
[ad_1] (Reuters) – Chesapeake Energy Corp’s (CHK.N) quarterly profit exceeded analysts’ estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher. FILE PHOTO – Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, U.S.…
[ad_1] BRUSSELS (Reuters) – U.S. aerospace and industrial company United Technologies Corp (UTX.N) is set to win EU antitrust approval for the largest aerospace deal in history – a $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday. FILE PHOTO: United Technologies logo is displayed on a screen…
[ad_1] LONDON (Reuters) – World stocks inched higher on Wednesday after two days of losses but remained pinned down by the dollar’s recent surge and expectations that a U.S. Federal Reserve meeting later in the day will signal further policy tightening ahead. Investors look at an electronic board showing stock information at a brokerage house…
[ad_1] NEW YORK/TOKYO (Reuters) – Xerox Corp (XRX.N) said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings (4901.T). The logo of Xerox company is seen on a…
[ad_1] Police departments across Canada are informing fraud victims who sent funds through Western Union that they may be eligible to get some of their money back. Western Union has been ordered to pay $586 million to fraud victims after the American Federal Trade Commission and Department of Justice ruled the company failed to properly protect its…
[ad_1] When Alberta’s economy hit the ditch three years ago, it dragged thousands of energy jobs in with it. “The way I phrase it is that I’m part of the Calgary statistics,” said Lisa Hunka, an MBA holder who used to have a senior position in the oil and gas sector and is now doing contract…
[ad_1] Bell, Rogers and Telus’ proposed lower-cost, data-only wireless deals are no deal at all, say critics. The offerings include half a gigabyte (GB) of data for $30 a month. “It’s embarrassing and quite frankly it’s rude to think that these are functional plans,” said Laura Tribe, executive director of Open Media, a consumer watchdog group. In March, the…
[ad_1] (Reuters) – Nikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc (TSLA.O) alleging design patent infringements. A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay Tesla’s Semi, its first electric heavy duty truck, is “substantially” similar to…
[ad_1] ZURICH (Reuters) – Swiss technology group OC Oerlikon (OERL.S) said some financial institutions still required explanations over the United States sanctions slapped on its largest shareholder, Russian oligarch Viktor Vekselberg. FILE PHOTO: Renova Group Chairman Viktor Vekselberg attends a session during the Week of Russian Business, held by the Russian Union of Industrialists and…
[ad_1] SINGAPORE (Reuters) – Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening. Investors look at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu…
[ad_1] BEIJING (Reuters) – Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, will meet a top-level U.S. trade delegation in Beijing this week, state media said on Wednesday, amid a festering dispute between the world’s two largest economies. FILE PHOTO – Chinese Vice Premier Liu He attends the news conference following the…
[ad_1] CHICAGO (Reuters) – Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. FILE PHOTO: The world’s largest corn mill of global grain company Archer Daniels Midland…
[ad_1] SEOUL (Reuters) – At the 2013 annual Consumer Electronics Show in Las Vegas, flashy organic light-emitting diode (OLED) televisions sporting credit card-thin screens were at the front and center of Samsung Electronics’ (005930.KS) new gadgets display. FILE PHOTO: Samsung QLED televisions are displayed during the 2017 CES in Las Vegas, Nevada January 5, 2017.…
[ad_1] BEVERLY HILLS, Calif. (Reuters) – Cyberwarfare and populism are some of the top risks that could threaten global stability and financial markets in the years ahead, investors and policymakers warned at the annual Milken Institute Global Conference this week, as they characterized them as black swan events. Thomas Barrack, Executive Chairman, Colony Northstar, speaks…
[ad_1] (Reuters) – Apple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet. Apple’s quarterly results topped Wall Street forecasts, which dropped ahead of the report on growing concern over…
[ad_1] (Reuters) – Xerox Corp (XRX.N) said its CEO and several board members will step down to settle a suit brought by activist shareholders who had opposed a $6.1 billion deal with Japan’s Fujifilm Holdings (4901.T). The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko Shareholders…
[ad_1] SINGAPORE (Reuters) – Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening. An electronic board showing the Nikkei share average is seen as market prices are reflected in a glass…
[ad_1] TORONTO (Reuters) – For about an hour and 11 minutes last Friday afternoon, traders in Canada’s biggest stock exchanges were left in the dark, as the stock market operator battled with a hardware failure. A darkened television studio is seen at the offices of TMX Group, which operates the Toronto Stock Exchange, after the…
[ad_1] (Reuters) – Snap Inc fell short of Wall Street forecasts for revenue and regular users on Tuesday after a redesign of its Snapchat messaging app turned off some long-time fans and advertisers, sending its shares tumbling 16 percent. FILE PHOTO: The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas…
[ad_1] (Reuters) – Apple Inc reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet. Apple’s quarterly results topped Wall Street forecasts, which dropped ahead of the report on growing concern over the iPhone.…
[ad_1] WASHINGTON (Reuters) – U.S. officials are pushing for quotas and “other restrictions” on steel and aluminum imports, a top trade official said on Tuesday after the White House announced a month-long extension of tariff exemptions for Canada, Mexico and the European Union. Workers stand behind rolls of steel at the ArcelorMittal Dofasco steel plant…
[ad_1] Higher oil prices are helping energy producers to pull the Canadian well completion business out of the deep funk it entered after the crude price crunch of 2014. On Tuesday, Calgary-based Calfrac Well Services Ltd. reported it more than doubled its first-quarter revenue compared with the same period last year and is reactivating equipment…
[ad_1] BEVERLY HILLS, Calif. (Reuters) – Hedge funds, following an extended period of low investor confidence and unspectacular returns, are poised to be great again, according to managers at a West Coast gathering of some of the world’s largest investors. Dawn Fitzpatrick, Chief Investment Officer, Soros Fund Management, speaks at the Milken Institute’s 21st Global…
[ad_1] Cisco just announced an agreement to acquire Accompany, which uses artificial intelligence to build databases of people and relationships at companies. Founder and CEO Amy Chang has compared the product to a digital chief of staff or personal assistant, giving executives the context they need before conversations and meetings. Cisco plans to incorporate Accompany…
[ad_1] Apple Inc. on Tuesday beat revenue and profit expectations in its March quarter as it sold 52.2 million iPhones, barely below Wall Street targets and showing some resilience as global demand for smartphones wanes. The company also predicted a revenue range of $51.5 billion to $53.5 billion for the June quarter, with a midpoint…
[ad_1] WASHINGTON (Reuters) – The European Union’s exemption from U.S. steel and aluminum tariffs was extended because of promising trade talks with Washington, U.S. Commerce Secretary Wilbur Ross said on Tuesday, adding that he does not expect the practice to continue. U.S. Commerce Secretary Wilbur Ross delivers a speech during the Americas Business Summit in…
[ad_1] Bank of Canada governor Stephen Poloz says Canadians have amassed a $2-trillion mountain of household debt that is now casting a big shadow over the timing of his next interest rate hike. In prepared remarks of a speech Tuesday in Yellowknife, Poloz said the pile has been growing for three decades in both absolute…
[ad_1] NEW YORK (Reuters) – The S&P 500 pared early losses on Tuesday after a Trump administration official said he hoped to further open China’s economy to U.S. companies, though manufacturing data stoked concerns of rising costs that could cut corporate profits. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] Workplace, the more secure, closed enterprise version of Facebook that competes against the likes of Slack, Microsoft Teams and Hipchat as a platform for employees to communicate and work on things together, says that it today has tens of thousands of organisations using its platform. Now to pick up more, and to bring more…
[ad_1] Facebook Inc. plans to add a dating service, chief executive Mark Zuckerberg said on Tuesday, marking the first time the world’s largest social media network has actively tried to help people form romantic relationships. Zuckerberg told software developers at Facebook’s annual F8 conference that a dating service would be a natural fit for a…
[ad_1] FRANKFURT (Reuters) – The incoming boss of BASF (BASFn.DE) has thrown his weight behind the chemical titan’s contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves up. FILE PHOTO: A truck drives past a warehouse of German chemical company BASF…
[ad_1] WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on steel and aluminum imports. FILE PHOTO: Newly constructed houses built by Lennar Corp are pictured in Leucadia, California, U.S., March 18, 2015. REUTERS/Mike Blake/File…
[ad_1] The chief executive of Encana Corp. says the company will ramp up output from its U.S. and Canadian oil and gas fields this year after it reported first-quarter operating earnings and production that missed analyst expectations. “We are well-positioned to execute another year of strong growth for Encana as we prepare to cross the…
[ad_1] Shopify Inc. says it lost $15.9 million US in its latest quarter as its revenue grew 68 per cent compared with a year ago. In the wake of the earnings report, shares of Shopify sold off sharply, falling almost eight per cent, or $13.69, to $158.32 in late morning trading on the Toronto Stock Exchange.…
[ad_1] The CEO of British supermarket chain Sainsbury’s has apologized after being caught on camera singing We’re in the Money after the takeover of Walmart’s unit Asda. Mike Coupe was preparing for an ITV interview to discuss the $10 billion US deal when caught on microphone singing a song from the 1933 musical 42nd Street.…
[ad_1] The maker of the Gibson guitar, omnipresent for decades on the rock `n’ roll stage, is filing for bankruptcy protection after wrestling for years with debt. Gibson guitars have been esteemed by generations of guitar legends. After Chuck Berry died, his beloved cherry-red Gibson guitar was bolted to the inside of his coffin lid.…
[ad_1] (Reuters) – U.S. insurer MetLife Inc (MET.N) said on Tuesday John Hele retired as chief financial officer and will be succeeded by the company’s treasurer John McCallion. FILE PHOTO: A statue stands atop Grand Central Station in front of the MetLife building in New York, October 8, 2008. REUTERS/Lucas Jackson/File Photo McCallion takes over…
[ad_1] (Reuters) – U.S. stocks opened lower on Tuesday after disappointing results from Pfizer, while concerns about inflation, rising costs and protectionist policies remained. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan Mcdermid The Dow Jones Industrial Average fell 45.86 points, or…
[ad_1] Canada’s gross domestic product grew by 0.4 per cent in February, as 15 of 20 sectors expanded, led by a rebound in oil and gas. The mining, quarrying and oil and gas extraction sector expanded by 2.4 per cent, Statistics Canada said. Manufacturing, construction, finance and insurance all expanded, too. On the downside, the…
[ad_1] It’s tough being part of IT Ops these days. Your company could be operating across public and private clouds, and in many cases, an internal datacenter too. Meanwhile your developers are generating more code ever faster. ScienceLogic wants to help with it latest release, ScienceLogic SL1. As company CEO Dave Link sees, we are seeing…
[ad_1] The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. Spokesman Tom Wallis says in an email that the rate will change from 4.99 per cent to 5.14 per cent. Wallis says seven-year and 10-year fixed-rate mortgage rates will also rise 15 basis points,…
[ad_1] (Reuters) – Drugmaker Merck & Co (MRK.N) reported a better-than-expected first-quarter profit on Tuesday, helped by a more than 150 percent rise in sales of cancer drug Keytruda. FILE PHOTO: A view of the Merck & Co. campus in Linden, New Jersey March 9, 2009, after Merck & Co Inc said it would acquire…
[ad_1] LONDON (Reuters) – Trafigura has set up a new management committee comprised of nine executives including chief executive Jeremy Weir, the Swiss commodities trader said on Tuesday. Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse/File Photo The committee will oversee day-to-day trading, commercial and operational functions…
[ad_1] LONDON (Reuters) – Britain’s competition regulator submitted its view on Rupert Murdoch’s attempt to buy all of Sky (SKYB.L) to the government on Tuesday, giving minister Matt Hancock 30 working days to deliver his final ruling on the deal. Workers remove the advertising of Sky TV provider after the German Bundesliga second leg relegation…
[ad_1] LONDON (Reuters) – The dollar broke into positive territory for the year on Tuesday and bond yields were creeping higher again, as rising oil prices fueled bets that the Federal Reserve will flag more U.S. rate hikes this week. An investor looks at an electronic board showing stock information at a brokerage house in…
[ad_1] CoreOS, the Linux distribution and container management startup Red Hat acquired for $250 million earlier this year, today announced the Operator Framework, a new open source toolkit for managing Kubernetes clusters. CoreOS first talked about operators in 2016. The general idea here is to encode the best practices for deploying and managing container-based applications as…
[ad_1] With no capacity to spare on pipelines out of Alberta, oilpatch leaders are desperately waiting for when they’ll be able to ship more crude on rail lines. Imperial Oil reduced oilsands operations in recent months as the company had no way of sending oil to market. In the first quarter of this year, production was pulled…
[ad_1] It was Nicole Fossheim’s grandfather who first decided to set down roots near Edson, Alta., and start a family farm. Her dad followed in his father’s bootsteps, raising cattle and a family of seven on the land. But when the time comes to pass the family business down to the next generation of Fossheims,…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) and Asda, the two British supermarkets planning to merge, had the slowest sales of the “big four” chains in the 12 weeks to April 22, market data showed on Tuesday. Shopping bags from Asda and Sainsbury’s are seen in Manchester, Britain April 30, 2018. REUTERS/Phil Noble/illustration Sales at number…
[ad_1] (Reuters) – Plane maker Boeing Co (BA.N) said on Tuesday it will buy aerospace parts company KLX Inc (KLXI.O) for about $3.2 billion in cash to expand its aircraft services business. The logo of Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo The $63-per-share deal gives…
[ad_1] TOKYO (Reuters) – U.S. stock futures edged up and Australian shares hit seven-week highs on Tuesday after the United States postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico, and offered permanent exemptions for several other allies. An investor looks at an electronic board showing stock information at…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday. U.S. President Donald Trump gestures while addressing a joint news…
[ad_1] (Reuters) – Plane maker Boeing Co (BA.N) said on Tuesday it would buy aerospace parts company KLX Inc (KLXI.O) for about $3.2 billion in cash to expand its aircraft services business. The logo of Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo The $63-per-share offer gives…
[ad_1] (Reuters) – Chinese conglomerate HNA Group’s bid to buy a majority stake in SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, has been called off after facing regulatory resistance. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing,…
[ad_1] TOKYO (Reuters) – U.S. stock futures pared small losses while Australian shares hit seven-week highs on Tuesday after the United States extended the deadline for its steel and aluminum tariffs to take effect. An electronic board showing the Nikkei share average is seen as market prices are reflected in a glass window at the…
[ad_1] LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc (CMG.N) on Monday announced a national delivery partnership with DoorDash that covers more than 1,500 of the burrito chain’s more than 2,400 restaurants in the United States. FILE PHOTO: Chipotle Mexican Grill is seen in uptown Washington, U.S., February 8, 2016. REUTERS/Carlos Barria/File Photo Chipotle is beefing…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday. U.S. President Donald Trump gestures while addressing a joint news…
[ad_1] (Reuters) – Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing U.S. fuel export markets. The United States has become the world’s top fuel exporter, shipping…
[ad_1] TOKYO (Reuters) – U.S. stock futures pared small losses while Asian shares were little changed on Tuesday after the U.S. extended the deadline on steel and aluminum tariffs by one month to major allies. An electronic board showing the Nikkei share average is seen as market prices are reflected in a glass window at…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has postponed a decision on imposing steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached an agreement in principle with Argentina, Australia and Brazil, a source familiar with the decision said on Monday. U.S. President Donald Trump gestures while…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) $10 billion purchase of Walmart’s (WMT.N) Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com (AMZN.O). Shopping bags from Asda and Sainsbury’s are seen in Manchester, Britain April 30, 2018. REUTERS/Phil Noble/illustration The Sainsbury deal to buy Asda, announced…
[ad_1] With the full legalization of recreational cannabis expected in just months, the country’s real estate agents are warning that provisions allowing for home cultivation of marijuana plants could undermine property values. In an appearance before the Senate’s social affairs committee now studying Bill C-45, the cannabis legalization bill, the Canadian Real Estate Association (CREA) said…
[ad_1] The co-founder of WhatsApp, a messaging service owned by Facebook Inc. with more than 1 billion daily users, said on Monday he was leaving the company, in a loss of one of the strongest advocates for privacy inside Facebook. Jan Koum’s plan to exit comes after clashing with the parent company over WhatApp’s strategy…
[ad_1] LOS ANGELES (Reuters) – The windfall gains from the tax cuts passed by the U.S. Congress in December have brought back “animal spirits” that encourage risk-taking throughout Corporate America, according to some of the participants at the annual Milken Institute Global Conference in California on Monday. House Majority Leader Kevin McCarthy (R-CA) speaks at…
[ad_1] Thousands of Canadian residents are facing massive tax bills because of U.S. President Donald Trump’s December tax reform, CBC News has learned. Canadian residents with U.S. or dual citizenship who own Canadian corporations are being slapped by an American measure meant to get big U.S. multinationals to stop parking billions of dollars in offshore subsidiaries —…
[ad_1] TORONTO (Reuters) – Canada’s stock exchange, the world’s sixth largest, was back in business on Monday after a hardware glitch abruptly ended trading on Friday and the exchange operator TMX Group (X.TO) said it was working to ensure there will be no repeat of the embarrassing market disruption. A logo for TMX Group, which…
[ad_1] NEW YORK (Reuters) – Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose. A specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] Amazon has announced plans to expand its Vancouver tech hub and bring 3,000 new jobs to the city. The new positions will be focused on e-commerce technology, cloud computing and machine learning. Staff will be based out of the city’s old Canada Post building on West Georgia Street, with the revamped site expected to open by…
[ad_1] Apple Inc.’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company’s quarterly earnings report on Tuesday. The iPhone is by far the biggest product from Apple, accounting for more than 60 per cent of its…
[ad_1] The TD Bank Group has become the first Canadian bank to join the Canadian Institute for Cybersecurity — a centre for cyber technology research at the University of New Brunswick in Fredericton. Ali Ghorbani, the director of the institute, says having the bank become a founding corporate member validates the work they are doing…
[ad_1] The U.S. Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year. The central bank is meeting as its board is undergoing a makeover, with a raft of new…
[ad_1] The countdown is on to find out whether Canada will face steep U.S. tariffs on steel and aluminum. U.S. President Donald Trump imposed a 25 per cent tariff on steel imports and a 10 per cent tariff on aluminum in March, but granted temporary exemptions to certain countries. In the case of Canada and Mexico,…
[ad_1] Air Canada reported a smaller-than-expected loss in its first quarter as its revenue grew compared with a year ago, boosted by increased capacity and passenger traffic. The airline says it lost $170 million or 62 cents per diluted share for the quarter compared with a loss of $13 million or five cents per share…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury officials are meeting with about 10 industry groups on Monday to discuss the latest draft of legislation that would tighten scrutiny of foreign investment in order to limit Chinese efforts to acquire sophisticated U.S. technology, three sources familiar with the meeting said. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin…
[ad_1] TORONTO (Reuters) – Canada’s stock exchange, the world’s sixth largest, resumed trading on Monday, after its operator fixed a hardware failure that halted the market for several hours on Friday in a rare trading outage. A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was…
[ad_1] TORONTO (Reuters) – Canada’s stock exchanges resumed trading on Monday after an outage that halted trading for several hours on Friday afternoon, with the country’s main stock index edging up to a nearly six-week high as financials and industrials rose. A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after…
[ad_1] (Reuters) – U.S. stock indexes were on track to open higher on Monday as strong earnings and a string of mergers lifted spirits, kicking off a busy week for inflation watchers. A specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 27,…
[ad_1] Trading on the Toronto Stock Exchange is expected to start on time this morning after the market was shut down early on Friday due to a technical problem. TMX Group, operator of the exchange and other markets, says a hardware failure was the cause of the issue that forced it to end the trading…
[ad_1] (Reuters) – Allergan Plc’s (AGN.N) quarterly profit topped Wall Street forecasts, driven by higher sales of its medical aesthetics products including blockbuster wrinkle treatment Botox. FILE PHOTO: A sign marks Allergan’s offices in Medford, Massachusetts, U.S., July 31, 2017. REUTERS/Brian Snyder/File Photo Allergan said on Monday revenue from the aesthetics unit, which also sells…
[ad_1] BERLIN (Reuters) – Germany on Monday dampened hopes that an exemption from U.S. tariffs on steel and aluminum could be extended for European Union countries, but called for trade negotiations to continue regardless of whether the levies are applied. FILE PHOTO: A worker of German steel manufacturer Salzgitter AG stands in front of a…
[ad_1] WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and AT&T (T.N) will give closing arguments on Monday in a trial to determine if the wireless giant, owner of pay TV provider DirecTV, will be allowed to buy movie and TV show maker Time Warner (TWX.N). Chief Executive Officer of AT&T Randall Stephenson (L)…
[ad_1] SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in…
[ad_1] DUBAI (Reuters) – Prince Alwaleed bin Talal’s Kingdom Holding 4280.SE and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels (ACCP.PA). FILE PHOTO – Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) has agreed to buy Walmart’s (WMT.N) Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco (TSCO.L). Till receipts from Asda and Sainsbury’s can be seen in this photo illustration April 28, 2018. REUTERS/Toby Melville/Illustration Bringing together…
[ad_1] Have you ever, even once, carefully read and understood an online agreement before clicking the “I agree” button? If so, you are in a tiny minority. Even as we blithely click on the little green or blue rectangle that says something like “Accept Terms Of Use,” at some point each of us must have had a niggling fear…
[ad_1] SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) and Asda, the UK arm of Walmart (WMT.N), confirmed on Monday they had agreed a 13.3 billion pounds ($18.33 billion) merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco (TSCO.L). Till receipts from Asda and Sainsbury’s can be seen in this photo illustration April…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) and Asda, the UK arm of Walmart (WMT.N), confirmed on Monday they are to merge to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco (TSCO.L). Till receipts from Asda and Sainsbury’s can be seen in this photo illustration April 28, 2018. REUTERS/Toby Melville/Illustration The combination…
[ad_1] WASHINGTON (Reuters) – Business is coming in so fast and workers are in such high demand at AOW Associates Inc, an Albany, New York-based construction firm, that its chief financial officer hired a guy six weeks ago for a job that didn’t exist. A police officer keeps watch in front of the U.S. Federal…
[ad_1] LOS ANGELES (Reuters) – Cheap fast-food “dollar” deals surged in the United States during the first quarter, marking a major shift in strategy as a cool-down in consumer spending sent restaurant chains scrambling for customers. Dollar Menu advertisements are seen outside a McDonaldÕs restaurant in Venice, California, April 29, 2018. REUTERS/Lisa Baertlein So-called “value”…
[ad_1] SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at the firm. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager,…
[ad_1] SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] (Reuters) – China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech firms in China. FILE PHOTO: A woman is silhouetted against…
[ad_1] SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018.…
[ad_1] SYDNEY (Reuters) – AMP Ltd announced the resignations of its chairwoman and legal counsel, and slashed its directors’ fees by a quarter, as Australia’s largest listed-wealth manager tries to stem the fallout from damaging revelations of misconduct. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located…
[ad_1] A Toronto man is elated after a deputy judge ruled that a verbal contract he made with a Bell customer service agent trumps the contract the telecom later emailed him, noting prices could increase. In a judgment issued last month in a Toronto small claims court, Deputy Judge William C. De Lucia said that Bell’s…
[ad_1] TORONTO (Reuters) – A rare outage at Canada’s major stock exchanges could dent the credibility of operator TMX Group Ltd (X.TO) and encourage investors to explore alternative trading channels, fund managers and traders told Reuters. A darkened television studio is seen at the offices of TMX Group, which operates the Toronto Stock Exchange, after…
[ad_1] HONG KONG (Reuters) – When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby…
[ad_1] (Reuters) – AMP announced the resignation of Chairwoman Catherine Brenner on Monday, the second senior executive at the Australian wealth manager to exit after damaging revelations at a judicial inquiry into the country’s financial sector of serious misconduct at the firm. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns…
[ad_1] NEW YORK (Reuters) – Prologis Inc (PLD.N) (PLD.N), a logistics company with a global footprint, will acquire smaller U.S. rival DCT Industrial Trust Inc (DCT.N) in an $8.4 billion all-stock transaction, including the assumption of debt, the two companies said on Sunday. FILE PHOTO: A general view of the main entrance of Prologis logistics…
[ad_1] NEW YORK (Reuters) – Walmart Inc’s (WMT.N) urgency to stem market share losses to rivals around the world is driving it to partner with local players in the UK and India, even as it scales back in some other markets like Brazil. FILE PHOTO: A Walmart store is seen in Encinitas, California, U.S. on…
[ad_1] Canada’s two largest airlines say artificial intelligence can be a game-changer for aviation by helping to boost revenues, pare costs and provide passengers with a more personalized travel experience. Air Canada and WestJet are joining airlines around the world by spending undisclosed amounts of money on AI in an effort to harness technology that…
[ad_1] (Reuters) – T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. Smartphones with the logos…
[ad_1] T-Mobile and Sprint announced Sunday that they reached an agreement to combine into a new company that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers. The deal would help the companies slash costs and could make them a stronger competitor to the larger AT&T and Verizon. But consumers…
[ad_1] (Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in an all-stock deal for $26 billion that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in…
[ad_1] (Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in an all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken…
[ad_1] There’s a long fight ahead for Alberta’s other political parties but the fortunes for one appear to be on the rise, according to data from a CBC News poll. The Alberta Party still seems to be enjoying a bit of a bump after members chose new leader Stephen Mandel in February. The Alberta Liberals remain in…
[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. Cheaper than economy Economy is no longer the lowest class on an airplane. Air Canada and WestJet are selling “basic economy” fares that cost less and offer even fewer features.…
[ad_1] Within two years, streaming services like Netflix will be more popular in Canada than cable TV, a new report suggests. By the end of 2020, 10.6 million Canadian households will be signed up with streaming services, market research firm Convergence Research Group forecasts. That’s four per cent higher than the projected 10.2 million who will have traditional TV…
[ad_1] DUBAI (Reuters) – State run Saudi Aramco, the world’s top oil company, said on Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives. FILE PHOTO: A Saudi Aramco employee sits in the area of…
[ad_1] DUBAI (Reuters) – Saudi Aramco, the world’s top oil company, has appointed three new members to its board including a woman executive, the state run company said on Sunday. FILE PHOTO: A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the…
[ad_1] BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. Investors look at an electronic board showing stock information at a brokerage house in Shanghai, China, March 7, 2016. REUTERS/Aly Song/File…
[ad_1] (Reuters) – Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd (WYNN.O) following allegations of sexual misconduct, has filed a defamation lawsuit against a former employee of the casino company, the Wall Street Journal reported on Saturday. FILE PHOTO: Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the…
[ad_1] TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an outage that shut down the world’s sixth-largest stock market for several hours on Friday afternoon. A darkened television studio is seen at the offices of TMX Group, which operates the Toronto Stock Exchange, after…
[ad_1] The operator of the Toronto Stock Exchange and the Montreal Exchange said the issue that forced an early end to trading Friday was the result of a “hardware failure.” TMX Group said in a statement Saturday evening the hardware failure occurred in the central storage appliance of the trading system. TMX also confirmed the…
[ad_1] LOS ANGELES (Reuters) – Amazon.com’s Whole Foods Market sparked social media outrage after its newest store in its 365 grocery chain partnered with an Asian restaurant with the racially charged name of Yellow Fever. A Whole Foods Market store is seen in Santa Monica, California, U.S. March 19, 2018. REUTERS/Lucy Nicholson The independently owned…
[ad_1] There is nothing meritocratic about sales. A startup may have the best product, the best vision, and the most compelling presentation, only to discover that their sales team is talking to the wrong decision-maker or not making the right kind of small talk. Unfortunately, that critical information — that network intelligence — isn’t written…
[ad_1] LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, a combination which would surpass Tesco’s grocery market share and be worth up to 15 billion pounds ($20.7 billion). FILE PHOTO: A Sainsbury’s worker stacks a vegetable shelf in a store in Redhill, Britain, March 27, 2018. REUTERS/Peter…
[ad_1] The Trump administration on Friday labelled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices. The U.S. Trade Representative’s annual report on global IP concerns is separate from the “Section 301” report on Chinese technology…
[ad_1] MOSCOW (Reuters) – Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L) and Walmart’s Asda (WMT.N) are in talks to create Britain’s biggest supermarket group, overtaking Tesco (TSCO.L) by market share in a combination of their UK businesses worth up to 15 billion pounds ($20.7 billion). FILE PHOTO: A Sainsbury’s worker stacks a vegetable shelf in a store in Redhill, Britain,…
[ad_1] BERLIN (Reuters) – German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and U.S. President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports. U.S. President Donald Trump and Germany’s Chancellor Angela Merkel hold a joint news conference in the East Room…
[ad_1] MOSCOW (Reuters) – Russia has given preliminary approval to U.S. oilfield services giant Schlumberger bid to acquire up to 49 percent in Russia’s Eurasia Drilling Co (EDC) in a surprise move despite a chilling in U.S.-Russian relations. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L), Britain’s No. 2 supermarket, and Asda, the UK arm of Walmart (WMT.N) that is the No. 3 player, are close to securing a merger deal, a source with knowledge of the situation told Reuters on Saturday. FILE PHOTO: A Sainsbury’s worker stacks a vegetable shelf in a store in…
[ad_1] LONDON (Reuters) – Sainsbury’s (SBRY.L), Britain’s second largest supermarket, and Walmart (WMT.N), the world’s biggest retailer, are in advanced talks about a tie-up that would create a more powerful rival to UK market leader Tesco (TSCO.L), Sky News reported on Saturday. FILE PHOTO: A Sainsbury’s worker stacks a vegetable shelf in a store in…
[ad_1] SANYA, China (Reuters) – China’s Fosun International Ltd (0656.HK) on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan – China’s Hawaii – and a beacon to tourists domestic and abroad. FILE PHOTO: A company logo of Fosun International is seen…
[ad_1] On a warm day in Niksu, Alta., a procession of huge excavators line up for a chance to parade across a platform, urged on by the rapid patter of an auctioneer. Every 45 seconds or so, another machine rumbles forward, is quickly sold, and then makes way for another giant piece of equipment. Some of the…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is expected to cut around 1,000 jobs or 10 percent of its workforce in the United States, a person familiar with the matter said on Friday, as the German lender scales back its global investment banking ambitions. The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany,…
[ad_1] HOUSTON (Reuters) – Weak refining margins hurt Exxon Mobil Corp (XOM.N) and Chevron Corp’s (CVX.N) first-quarter profit, cutting into overall gains from rising oil prices. FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, January 25, 2016. REUTERS/Mike Blake/File Photo It was the second consecutive quarter that refining weakness, especially outside…
[ad_1] (Reuters) – Fujifilm Holdings Corp’s (4901.T) merger with U.S. firm Xerox Corp (XRX.N) was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal. A man is silhouetted in front of Fujifilm Holdings’ logo ahead of its news conference in Tokyo, Japan January…
[ad_1] NEW YORK (Reuters) – Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period. In the latest week, the busiest for first-quarter reports, several companies warned about or cited higher costs. Caterpillar (CAT.N) said it was worried about higher…
[ad_1] NEW YORK (Reuters) – Nasdaq Inc (NDAQ.O) has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each other. FILE PHOTO: The…
[ad_1] NEW YORK (Reuters) – A lawsuit against Southwest Airlines Co (LUV.N) has been filed by a passenger who was flying on last week’s flight 1380, in which an engine exploded and one person was killed. Emergency personnel monitor the damaged engine of Southwest Airlines Flight 1380, which diverted to Philadelphia International Airport after the…
[ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) President Sergey Brin said on Friday that technology companies must take greater responsibility for the social impact of their work, his first comments following a year of heightened global awareness about misuse of digital services. Sergey Brin, Google co-founder and founder of Bayshore Global Management attends the…
[ad_1] NEW YORK (Reuters) – Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon. The S&P 500 and the Nasdaq eked out small gains while the Dow Jones Industrial Average edged into negative territory by…
[ad_1] DocuSign CEO Dan Springer was all smiles at the Nasdaq on Friday, following the company’s public debut. And he had a lot to be happy about. After pricing the IPO at a better-than-expected $29, the company raised $629 million. Then DocuSign finished its first day of trading at $39.73, up 37% in its debut. Springer, who…
[ad_1] TORONTO (Reuters) – Canada’s stock market, the world’s sixth-largest, abruptly shut down on Friday after an outage cut market participants off the main exchanges but will resume trading on Monday after resolving “internal technical issues,” the exchange operator said. A darkened television studio is seen at the offices of TMX Group, which operates the…
[ad_1] (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $26 billion, people familiar with the matter said on Friday. Pedestrians walk past a T-Mobile store in New York, U.S., April 27, 2018.…
[ad_1] (Reuters) – Amazon.com Inc’s (AMZN.O) 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday. President Donald Trump has been laying into the Seattle-based online shopping…
[ad_1] TORONTO (Reuters) – Canada’s stock market, the world’s sixth largest, abruptly shut down on Friday after an outage but will resume trading Monday after “internal technical issues”, the exchange operator said. A man watches a screen in downtown Toronto after the TMX Group, which operates the Toronto Stock Exchange, said it was shutting down…
[ad_1] NEW YORK (Reuters) – A lawsuit against Southwest Airlines Co (LUV.N) was filed by a passenger who was flying on last week’s flight 1380, in which an engine exploded and a passenger was killed. Emergency personnel monitor the damaged engine of Southwest Airlines Flight 1380, which diverted to Philadelphia International Airport after the engine…
[ad_1] The operator of the Toronto Stock Exchange and the Montreal Exchange says all of its markets have been shut down for the rest of the day after experiencing issues with trading. “Trading will not resume today, including market on close,” TMX Group said in a tweet sent shortly before 3 p.m. “We apologize for the inconvenience.” UPDATE…
[ad_1] Officials now say at least 13 people were injured in an oil refinery explosion in the northwestern Wisconsin city of Superior. Husky Energy refinery manager Kollin Schade said at a news conference Friday that six injured workers were taken to hospitals and seven others were treated at the scene of the Thursday fire. He…
[ad_1] After a week-long NAFTA negotiating round in Washington, the lead political ministers are heading home. They will reconvene around May 7. Canada’s Chrystia Freeland and Mexico’s Ildefonso Guajardo will leave the U.S. capital, while their American counterpart shifts his focus next week to a highly anticipated trip to China. In the meantime, civil servants…
[ad_1] The price of Amazon Prime in Canada isn’t going up, despite a pending bump to the cost of the annual membership fee in the United States. Amazon revealed Thursday that the Prime fee for U.S. consumers will rise to $119 US a year, up from the current $99 US. The higher fee will go…
[ad_1] Enterprise tech IPOs continue to roar in 2018. Today, not one but two enterprise tech companies, DocuSign and Smartsheet, saw their share prices pop as they made their debuts on to the public markets. As of 12:53 New York time, DocuSign is trading higher at $39.39, up 36 percent from its IPO price and…
[ad_1] WASHINGTON (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely temporary. Job seekers apply for the 300 available positions at a new…
[ad_1] The U.S. economy slowed to a moderate 2.3 per cent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years. Still, the January-March increase came in better than expected, supporting hopes for a solid rebound for the rest of the year. The Commerce Department reported…
[ad_1] One of Canada’s biggest lenders has hiked its benchmark mortgage rates, with Toronto-Dominion Bank raising its posted 5-year fixed rate to 5.59 per cent. TD moved this week to raise five of its fixed-rate mortgages by between 10 and 50 basis points. Starting now: TD’s two-year closed rate is 3.44 per cent, up from…
[ad_1] Hudson’s Bay Co. says a previously announced security breach at its Saks Fifth Avenue, Saks Off 5th and Lord & Taylor stores began as early as July 1 last year, but has been contained since March 31. The Toronto-based retailer announced the breach on April 1 but provided few details at the time. It…
[ad_1] Imperial Oil Ltd. raised its dividend as it reported its first-quarter profit improved compared with a year ago. The company said it would pay a dividend of 19 cents in its second quarter, up from an earlier payment to shareholders of 16 cents. The increase came as Imperial reported it earned $516 million or…
[ad_1] With the Windows 10 April 2018 Update, Microsoft is launching a number of new features for its desktop operating system today. Most of those apply to all users, but in addition to all the regular feature updates, the company also today announced a couple of new features and tools specifically designed for its business…
[ad_1] (Reuters) – U.S. oil refiner Phillips 66(PSX.N) posted a better-than-expected quarterly profit on Friday, helped by a 28 percent rise in net income from its chemicals unit. The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking The refiner’s chemicals joint venture with Chevron Corp had fully recovered from Hurricane…
[ad_1] Loyalty rewards company Aimia Inc. says CEO David Johnston is stepping down. The company said in a news release late Thursday that Johnston and the company’s board of directors “mutually agreed on his departure,” but did not elaborate. A replacement has not been named and Johnston will remain in his post until a new…
[ad_1] (Reuters) – Nasdaq futures rose on Friday, after stellar results from Amazon, Microsoft and Intel, while other stock index futures were subdued ahead of first-quarter U.S. GDP data. Trader Peter Tuchman is pictured working on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S.,…
[ad_1] (Reuters) – Colgate-Palmolive Co’s (CL.N) quarterly sales just met analysts’ estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3 percent in premarket trading. FILE PHOTO: Colgate brand toothpastes are seen at the Safeway store in Wheaton, Maryland February 13, 2015. REUTERS/Gary Cameron/File Photo…
[ad_1] NEW YORK (Reuters) – The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said. So far, U.S. government reviews for national security and other concerns…
[ad_1] MOSCOW/LONDON (Reuters) – Russia’s Rusal will overhaul its board and management in the hope the United States will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, two sources told Reuters. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the…
[ad_1] LONDON (Reuters) – World stocks rose on Friday, lifted by strong share price gains for tech giants such as Amazon and Facebook and growing hopes of a lasting peace on the Korean peninsula after a ground-breaking meeting of North and South Korean leaders. FILE PICTURE – The logo of the web service Amazon is…
[ad_1] MOSCOW (Reuters) – Russia’s Rusal will overhaul its board and management in the hope the United States will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, two sources told Reuters. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the…
[ad_1] LONDON/NEW YORK/SINGAPORE (Reuters) – After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say. Tokens of the virtual currency Bitcoin are seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017.…
[ad_1] QINGDAO, China (Reuters) – When Dalian Wanda, the Chinese conglomerate, announced in 2013 that it would build an $8 billion film studio in China to lure U.S. film producers, it did so with Hollywood flash. FILE PHOTO: Wang Jianlin, chairman of Chinese property developer Dalian Wanda Group, sits in a meeting room as he…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) expects productivity at its core autos brand to keep growing in the months ahead because of cost cuts and full availability of higher-margin models launched last year. A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker…
[ad_1] SINGAPORE (Reuters) – Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade. Market prices are reflected in a glass window at the Tokyo Stock…
[ad_1] PARIS (Reuters) – Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. An employee walks in front of an Airbus A380 at the final assembly line at Airbus headquarters in Blagnac…
[ad_1] DocuSign priced its IPO Thursday evening at $29 per share, netting the company $629 million. It was a better price than the e-signature company had been expecting. The initially proposed price range was $24 to $26 and then that was raised to $26 to $28. The price gives the company a valuation of $4.4…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) posted a slender first-quarter profit after delays in engine deliveries for its A320neo passenger jet, and it also cut production of the larger A330 due to weak demand. An employee walks in front of an Airbus A380 at the final assembly line at Airbus headquarters in Blagnac near Toulouse,…
[ad_1] (Reuters) – U.S. carrier Southwest Airlines (LUV.N) has ordered 40 Boeing Co (BA.N) 737 MAX 8 jets worth $4.68 billion at list price to help modernise its fleet, the airline said. The 737 MAX 8 produced for Southwest Airlines is pictured as Boeing celebrates the 10,000th 737 to come off the production line in…
[ad_1] CARACAS (Reuters) – Venezuela on Thursday scorned a $2.04 billion award to ConocoPhillips (COP.N) over a decade-old nationalization as the U.S. oil producer filed suit in a federal court to enforce the decision. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in…
[ad_1] SEOUL (Reuters) – Hyundai Motor (005380.KS) said on Friday it plans to cancel 960 billion won ($890 million) worth of treasury shares, its first share cancellation in 14 years, to boost shareholder returns. The logo of Hyundai Motor is seen at its dealership in Seoul, South Korea, April 26, 2017. REUTERS/Kim Hong-Ji U.S. activist…
[ad_1] SINGAPORE (Reuters) – Asian shares edged higher on Friday, after U.S. equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] SHANGHAI (Reuters) – China’s top court has ruled in favor of French fashion house Christian Dior (DIOR.PA), overturning rulings by lower courts and rapping the local trademark office for rejecting an application by the firm to register a perfume bottle trademark. A shopper carries a Dior shopping bag as she takes care of her…
[ad_1] SINGAPORE (Reuters) – Asian shares edged higher on Friday, after U.S. equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike…
[ad_1] NEW YORK (Reuters) – U.S. stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back. The tech-heavy Nasdaq snapped a five-day losing streak while the S&P technology index…
[ad_1] (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. FILE PHOTO: The logo of U.S. mobile network operator Sprint Corp is seen…
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) on Thursday reported stagnant store traffic at established U.S. cafes for the second quarter in a row, stirring concerns about intense competition from upscale coffee houses as well as fast-food chains and convenience stores. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at…
[ad_1] (Reuters) – Amazon.com Inc’s (AMZN.O) march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter profit and a rosy outlook for the spring, surprising all but the most optimistic on Wall Street. FILE PHOTO: The logo of Amazon is pictured inside the company’s…
[ad_1] (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. FILE PHOTO: The logo of U.S. mobile network operator Sprint Corp is seen…
[ad_1] Air Canada has waded into labour issues at rival WestJet, promising to help get customers to their destination in the event of a strike at the airline. After eight months of negotiations, WestJet’s main pilots union is calling for a strike vote that could theoretically lead to a job action by the middle of May…
[ad_1] Amazon.com Inc. reported first-quarter revenue and profit on Thursday that trounced analysts’ estimates, driven by a surge in online shopping and higher demand for its cloud services. Amazon, whose shares were up more than six per cent in after-hours trading, forecast net sales of between $51 billion US and $54 billion US for the…
[ad_1] (Reuters) – Southwest Airlines Co (LUV.N) on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the airline’s history. FILE PHOTO: A traveler checks her baggage at the Southwest Airlines terminal at…
[ad_1] A Liberal-dominated House of Commons committee is calling on the Trudeau government to make Internet giants like Netflix collect and remit sales taxes on their services. The international trade committee’s report on e-commerce issues, released today, recommends the government apply sales taxes “on tangible and intangible products” sold through online platforms, and tax the…
[ad_1] B.C. is asking its highest court to decide if the government has the right to bring in stricter rules for companies looking to ferry more heavy oil — like diluted bitumen — through the province. That would include crude being brought in and out of the province by way of an expanded pipeline, including Kinder Morgan’s expanded…
[ad_1] High prices getting even higher in places like Toronto, Vancouver, Victoria and Hamilton are making Canada’s national housing market “highly vulnerable,” the CMHC said Thursday. Four times a year, the national housing agency looks at housing in the 15 largest markets in the country, and judges them on four criteria: Overheating: Sales significantly outpace new listings. Price…
[ad_1] A tank containing crude oil or asphalt exploded at a large refinery in Wisconsin on Thursday, injuring several people and causing a blast that one worker described as sounding like a sonic boom. No fatalities have been reported, but at least five people have been taken to hospitals in Duluth, Minnesota, following the explosion…
[ad_1] B.C. is asking its highest court to decide if the government has the right to bring in stricter rules for companies looking to ferry more heavy oil through the province. As part of its reference case filed last week, the province is putting draft legislation before the court that would amend the Environmental Protection Act. The…
[ad_1] Husky Energy Inc. reported a first-quarter profit of $248 million, up from $71 million a year ago, as it lowered its annual production estimate. The energy company says the profit amounted to 24 cents per share for the three months ended March 31, up from six cents per share a year ago. On an…
[ad_1] The board of DavidsTea is fighting back against a co-founder’s attempt to replace them with a dissident slate of nominees. In a statement today, the Montreal-based company says Herschel Segal is trying to gain control of the board without paying a premium by pushing the election of seven director nominees at its annual meeting…
[ad_1] Southwest Airlines says bookings are down since the fatal accident on one of its planes last week. The company said Thursday that it expects revenue per mile, which tracks average prices, will drop between one per cent and three per cent in the April-through-June quarter. It said that one to two percentage points of the…
[ad_1] (Reuters) – Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan McDermid…
[ad_1] Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in a fast-changing marketplace. The changes include getting rid of all cars in the region during the next four years except for the Mustang sports…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) fired 300 U.S.-based investment bankers on Wednesday as part of a broader overhaul of the global unit, a person with knowledge of the matter said on Thursday. A red traffic light is photographed in front of the head quarters of Germany’s largest business bank, Deutsche Bank, in Frankfurt,…
[ad_1] LONDON (Reuters) – European stocks and the euro made tentative gains on Thursday as a drop in bond market stress levels helped sentiment ahead of a read out from the European Central Bank’s latest meeting. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018.…
[ad_1] HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States. FILE PHOTO: Employees work at a production line in the…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) has agreed to provide $3.6 billion in fresh funding to its troubled South Korean unit, higher than its previously proposed $2.3 billion as part of a preliminary deal, South Korea said on Thursday. FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon,…
[ad_1] Every time I talk to someone about the viability of blockchain, I get challenged to show a real project beyond the obvious bitcoin use case. IBM has been working to build large enterprise projects blockchain and today they offered an irrefutable example that they have dubbed TrustChain, a blockchain that proves the provenance of jewelry…
[ad_1] SEOUL (Reuters) – South Korea’s antitrust chief on Thursday said U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to adopt a holding company structure is “inappropriate” and, if implemented, would be in violation of antitrust law. FILE PHOTO: A Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang, South…
[ad_1] BRUSSELS (Reuters) – Tech giants including Google, Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday. A man checks Google devices outside its booth at the Mobile World Congress in Barcelona, Spain, February 27, 2018. REUTERS/Sergio…
[ad_1] For the economy, the great thing about the portable telephone was that it was a gift that kept giving. The first brick-sized device that I used as a reporter in Hong Kong was a money spinner, but that was just the beginning. In the more than 30 years since, mobile phones have kept getting smaller and…
[ad_1] After receiving 89 complaints involving 23 recent Sunwing flights, the Canadian Transportation Agency has launched a formal inquiry into the airline’s treatment of passengers. The complaints cover a period from April 14 to 18, during which Toronto was hit with an ice storm and Swissport, the company that handles Sunwing’s baggage and gate operations, was significantly short-staffed. The…
[ad_1] The federal government will unveil a series of measures today to promote and protect the intellectual property of Canadians firms as they look to compete against much larger multinational firms in tech and innovation sectors. Innovation Minister Navdeep Bains will announce the country’s first National IP Strategy at an event in Ottawa to mark World…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) on Thursday posted a surprise drop in first-quarter operating profit as accounting changes, currency headwinds and technology costs weighed on group results. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16,…
[ad_1] LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei…
[ad_1] TOKYO (Reuters) – Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market. An electronic board showing the Nikkei share average is seen as market prices are reflected in a…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March…
[ad_1] BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter. A policeman directs traffic at a busy street of downtown Shanghai December 5, 2012.…
[ad_1] TOKYO (Reuters) – Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets. FILE PHOTO: Rear trunk logo detail view of the new Mazda 6…
[ad_1] SEOUL (Reuters) – General Motors Co’s (GM.N) president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea March…
[ad_1] SAN FRANCISCO (Reuters) – Qualcomm Inc’s earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones. The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27,…
[ad_1] SEOUL (Reuters) – General Motors Co’s (GM.N) president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo “Over the last few…
[ad_1] WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood. Canadian Foreign Minister Chrystia Freeland speaks with…
[ad_1] (Reuters) – Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project. Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May…
[ad_1] Artificial intelligence and the application of it across nearly every aspect of our lives is shaping up to be one of the major step changes of our modern society. Today, a startup that wants to help other companies capitalise on AI’s advances is announcing funding and emerging from stealth mode. Allegro.AI, which has built…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies. An electronic board showing the Nikkei share average is seen as market prices are reflected in a…
[ad_1] After eight months at the bargaining table, the union representing WestJet pilots is calling a strike vote. May 19 is the earliest that pilots could strike following a federal conciliation and cooling off period. Pilots began voting today and have the next 15 days to decide whether to give their union authority to strike. The…
[ad_1] (Reuters) – Facebook Inc (FB.O) shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data. Shares traded up 4.6 percent at $167, paring a month-long decline that began with Facebook’s disclosure…
[ad_1] Bank of Canada Governor Stephen Poloz said on Wednesday the economy was “finally positive” after a long adjustment to a sharp fall in oil prices, but he added there was still softness in several areas of the country. Poloz also told the Senate’s banking committee that while interest rates would go up from their…
[ad_1] WASHINGTON (Reuters) – President Donald Trump and two top aides talked about trade issues with Apple Inc (AAPL.O) chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker. FILE PHOTO: Chief Executive Officer (CEO) of Apple Tim Cook…
[ad_1] Alphabet Inc.’s Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was an expensive overhaul two years in the making to adopt security and offline functionality and better resemble Microsoft Outlook. It is Google’s most extensive update to software in its G Suite workplace bundle since accelerating efforts…
[ad_1] Facebook Inc.’s quarterly profit and revenue beat analysts’ estimates on Wednesday, as the social media company’s mobile ad business grew on a major push to add more video content. Shares of the company, which have fallen 9.5 per cent this year, were up 2.2 per cent at $163.18 after the bell. Facebook said monthly…
[ad_1] Cenovus Energy Inc. says it will consider slowing development of a 50,000-barrel-per-day oilsands expansion project that it started building early last year if there isn’t meaningful progress on increasing pipeline capacity out of Alberta. The vow came as the Calgary-based company blamed clogged export pipelines for its worst heavy oil price discounts in five…
[ad_1] Foreign Affairs Minister Chrystia Freeland and her American counterpart in the NAFTA talks had a “fairly forceful” exchange of views Tuesday over the American side’s demand for a sunset clause, a source tells CBC News. A senior source with direct knowledge of the situation said tensions emerged when Freeland and U.S. Trade Representative Robert Lighthizer began discussing the…
[ad_1] (Reuters) – U.S. oil major Chevron Corp (CVX.N) has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter. The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. REUTERS/Marco…
[ad_1] Google announced a number of updates to its cloud-based database services today. For the most part, we’re not talking about any groundbreaking new products here, but all of these updates address specific pain points that enterprises suffer when they move to the cloud. As Google Director of Product Management Dominic Preuss told me ahead…
[ad_1] SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill (CMG.N) rallied on Wednesday ahead of the company’s first quarterly report under a new chief executive hired to turn around the struggling burrito chain. FILE PHOTO: A Chipotle Mexican Grill is seen in Los Angeles, California, U.S. on April 25, 2016. REUTERS/Lucy Nicholson/File Photo Chipotle…
[ad_1] If your company lets you expense the nicest hotel when you travel, why wouldn’t you? But what if you got to split the savings with your employer by selecting a less expensive hotel? A New York-based startup called Rocketrip believes most employees will opt to save companies money if they are incentivized to do so. It’s…
[ad_1] (Reuters) – Boeing Co’s (BA.N) profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record year. Speaking after the results, Chief Executive Officer Dennis Muilenburg also played down…
[ad_1] Ireland says it will begin collecting more than 13 billion euros (almost $16 billion US) of back taxes from Apple, 19 months after the European Commission ruled that a tax deal with the tech giant amounted to illegal state aid. The Commission ordered Ireland to collect back taxes for the years 2003-2014, which it estimated at…
[ad_1] Canadian toy maker Spin Master Corp. is suing industry giant Mattel, Inc. in California in the next stage of a high-stakes battle to defend its rights to a patented mechanism used in its Bakugan transforming robots. The Toronto-based company’s claim, filed Tuesday, asks a U.S. district court to recognize the validity of its patents…
[ad_1] Dropbox is a critically important tool for more than 500 million people. The company launched back in 2007 and founder and CEO Drew Houston has spent the last decade growing Dropbox to the behemoth it is today. During that time, Houston has made some tough decisions. A few years ago, Houston decided to move…
[ad_1] Ireland says it will begin collecting more than 13 billion euros (almost $16 billion US) of back taxes from Apple, 19 months after the European Commission ruled that a tax deal with the tech giant amounted to illegal state aid. The Commission ordered Ireland to collect back taxes for the years 2003-2014, which it estimated at…
[ad_1] LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as U.S. sanctions have spurred on a shift by the American fast-food chain to use local potatoes. People enter a McDonald’s restaurant in Moscow, Russia April 24, 2018. Picture taken April 24, 2018. REUTERS/Tatyana Makeyeva…
[ad_1] Twitter Inc. reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads. Daily active users (DAU) grew 10 per cent year-over-year while overall monthly user numbers rose three per cent to…
[ad_1] ZURICH (Reuters) – A commercial court in Vienna has issued a temporary injunction to stop ride-hailing service Uber from operating in Vienna, a taxi company that had sued Uber said on Wednesday. FILE PHOTO: Taxis are seen parked in front of the presidential palace during a protest against the online car-sharing service Uber in…
[ad_1] Monday’s deadly rental van rampage in Toronto shows how quickly a vehicle can be turned into a weapon, but rental agencies are finding few clear options to prevent their property from involvement in such violent acts. The urgency to find solutions is increasing, however. The attack in Toronto that left at least 10 people…
[ad_1] (Reuters) – U.S. equity futures pointed to a fifth day of losses for the main indexes on Wednesday, spooked by a rise in bond yields and nerves ahead of earnings from scandal-hit Facebook. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2018. REUTERS/Brendan McDermid…
[ad_1] If you believe blockchains will proliferate in the coming years, it stands to reason that you will need some sort of mechanism to move information between them, a network of blockchains with bridges and processes for sharing information between entities. That is exactly what The Aion Network is providing with a new blockchain network…
[ad_1] (Reuters) – Boeing Co (BA.N) on Wednesday reported a higher-than-expected quarterly profit and raised its full-year forecast for earnings per share and cash flow, boosted by strong demand for air travel. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo Shares…
[ad_1] LONDON (Reuters) – Rolls-Royce (RR.L) and Airbus (AIR.PA) have signed a deal to collaborate on development of the UltraFan, a new engine that is intended to 25 percent more fuel efficient than the earliest version of the Trent engine, the British company said on Wednesday. FILE PHOTO: A Rolls-Royce engine of an Airbus A350-900…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd’s (4502.T) $64 billion bid for London-listed rare disease specialist Shire Plc (SHP.L) bolsters its credentials as Japan’s most outward facing drugs firm, a mould-breaking image that has been more than a decade in the making. FILE PHOTO: Logos of Japanese Takeda Pharmaceutical Co are seen at an…
[ad_1] SEOUL (Reuters) – General Motors Co (GM.N) and the South Korean government are considering raising the size of their investment in the U.S. automaker’s South Korean subsidiary from a previously proposed $2.8 billion, a senior government official with direct knowledge of the matter said on Wednesday. An employee works at an assembly line of…
[ad_1] LONDON (Reuters) – World shares were on their longest losing streak of the year on Wednesday, as a rise in U.S. bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked. The DAX (German stock index) logo is seen at the…
[ad_1] Line 3 was supposed to be simple. Enbridge’s oil pipeline was old, unreliable and prone to leaking. It’s proposed replacement had federal approval in Canada and a presidential permit in the United States. That’s why compared to the other oil export projects proposed from Alberta — TransCanada’s Keystone XL and Kinder Morgan’s Trans Mountain expansion — this…
[ad_1] Air Canada has been charged with a string of offences in the death of an employee killed at Toronto’s Pearson International Airport after the baggage-handling tractor he was driving flipped over, ejecting him onto the tarmac. Federal officials allege five health and safety violations by the airline “contributed” to the death of Ian Henrey Pervez, who was killed while working a…
[ad_1] HONG KONG/SHANGHAI (Reuters) – Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors. FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an…
[ad_1] TOKYO (Reuters) – Asian shares fell on Wednesday as a rise in U.S. bond yields above 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that a boom in corporate earnings may be near its peak. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] LONDON (Reuters) – Whitbread plc (WTB.L) said it would spin off its Costa Coffee business, leaving it with its Premier Inn hotels operation, with the split expected to be completed within 24 months. A cup of espresso is pictured on a table at a branch of Costa Coffee near Manchester, Britain May 5, 2017.…
[ad_1] BEIJING (Reuters) – Ford Motor Co’s (F.N) Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country’s auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd (000980.SZ). FILE PHOTO – The wheel of a 2018 Ford…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd (5406.T) said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan’s industrial sector last year. FILE PHOTO: The Kobe Steel (Kobelco) headquarters building is seen in Kobe, western Japan October 24, 2017. REUTERS/Thomas White/File Photo…
[ad_1] BEIJING (Reuters) – German car maker Daimler AG’s (DAIGn.DE) boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year. Daimler CEO Dieter Zetsche speaks during a world premiere for…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) and South Korea are considering increasing the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. An employee works at an assembly line of GM Korea’s Bupyeong plant…
[ad_1] TOKYO (Reuters) – Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3 percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) and South Korea are in talks to increase the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. An employee works at an assembly line of GM Korea’s…
[ad_1] LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc said it was willing to recommend a deal with Takeda Pharmaceutical Co to its shareholders, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion). FILE PHOTO: Vitamins made by Shire are displayed at a chemist’s in northwest London, Britain, July 11,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord. U.S. President Donald Trump speaks during a tree planting ceremony…
[ad_1] LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion). FILE PHOTO: Vitamins made by Shire are displayed at a chemist’s in northwest London, Britain,…
[ad_1] BERLIN (Reuters) – Top U.S. weapons maker Lockheed Martin Corp (LMT.N) welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past. FILE PHOTO – Lockheed Martin’s logo is seen during Japan Aerospace 2016 air…
[ad_1] LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc and Japan’s Takeda Pharmaceutical Co Ltd plan to announce a preliminary merger deal as early as Wednesday, after the latter sweetened its $62 billion acquisition offer, three people familiar with the matter said. FILE PHOTO: Vitamins made by Shire are displayed at a chemist’s in northwest…
[ad_1] NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield US10YT=RR, a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day. Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018…
[ad_1] NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries are “not attractive” even though the benchmark 10-year Treasury yield crossed the critical 3 percent threshold earlier in the day. Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New…
[ad_1] NEW YORK (Reuters) – U.S. stocks slid on Tuesday as 10-year Treasury yields hit the highly anticipated 3 percent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks. The S&P 500 and the Dow…
[ad_1] A U.S. bankruptcy judge has approved the sale of the Canadian operations of Toys “R” Us to Toronto-based Fairfax Financial Holdings Ltd. At a hearing Tuesday in Richmond, Va., Judge Keith Phillips gave his consent to the $300-million sale. Fairfax was the only bidder at an auction held Monday in New York City for the 82 Canadian…
[ad_1] BERLIN (Reuters) – Hundreds of Amazon (AMZN.O) workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm’s chief executive. Amazon worker and activists protest ahead of the annual Axel Springer award ceremony in Berlin, Germany, April 24, 2018. REUTERS/Fabrizio Bensch Police…
[ad_1] SAN FRANCISCO (Reuters) – Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones. FILE PHOTO: An iPhone X is seen on a large video screen in the Apple visitor centre in Cupertino, California,…
[ad_1] NEW YORK (Reuters) – United Airlines’ (UAL.N) chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures. FILE PHOTO: A United Airlines Boeing 737-900ER plane takes off from Los Angeles International…
[ad_1] NEW YORK (Reuters) – Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market. FILE PHOTO: A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in…
[ad_1] The yield on the 10-year U.S. government bond hit three per cent for the first time in four years on Tuesday, pushed up by expectations of higher inflation to come. The benchmark 10-year bond briefly yielded three per cent on Tuesday morning, before dipping back to 2.98 per cent. For comparison purposes, Canada’s 10-year…
[ad_1] Over the past few years, the old language of “customer support” has been supplanted by the new language of “customer success.” In the old model, companies would essentially disappear following the conclusion of a sale, merely handling customer problems when they arose. Now, companies are actively reaching out to customers, engaging them with education…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018. FILE PHOTO: Bottles of Coca-Cola…
[ad_1] Etleap is a play on words for a common set of data practices: extract, transform and load. The startup is trying to place these activities in a modern context, automating what they can and in general speeding up what has been a tedious and highly technical practice. Today, they announced a $1.5 million seed…
[ad_1] Restaurant Brands International Inc. announced a plan to improve the customer experience and improve sales at its Tim Hortons operations as it reported better-than-expected financial results, despite what it called soft results at the coffee shop chain. Shares of the Restaurant Brands gained ground in the wake of the news, rising almost four per…
[ad_1] Amazon’s latest perk … free delivery to your car. The Seattle company on Tuesday began offering delivery in 37 U.S. cities to Amazon Prime members who own newer General Motors or Volvo vehicles. The company will expand the number of locations as well as eligible vehicle makes and models going forward. Amazon has steadily…
[ad_1] (Reuters) – U.S. stocks turned negative on Tuesday, weighed down by shares of Alphabet (GOOGL.O) and 3M (MMM.N) and as yield on the 10-year Treasury notes US10YT=RR rose to 3 percent for the first time in more than four years. Traders work on the floor of the New York Stock Exchange (NYSE) in the…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday as strong earnings from Caterpillar, Verizon and a host of other big names boosted optimism about corporate America’s health, but the gains were curbed by rising bond yields. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., April 19, 2018. REUTERS/Brendan McDermid The Dow…
[ad_1] LONDON (Reuters) – Japan’s Takeda Pharmaceutical (4502.T) has sweetened its 44 billion-pound ($61.4 billion) bid for Shire (SHP.L) as it races to agree terms with the British drugmaker before a deadline to strike a deal expires on Wednesday. FILE PHOTO: Vitamins made by Shire are displayed at a chemist’s in northwest London, Britain July…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavors under its Diet Coke brand as overall revenue topped expectations by around $300 million. FILE PHOTO: Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris,…
[ad_1] (Reuters) – Verizon Communications Inc (VZ.N) reported better-than-expected first-quarter results on Tuesday as the No. 1 U.S. wireless carrier held on to its customers with unlimited data plans. FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid/File Photo Shares of…
[ad_1] LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in benchmark U.S. bond yields towards 3 percent stalled, while oil prices stretched to fresh highs above $75 a barrel. FILE PHOTO: A man walks through light rain…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) reported quarterly revenue that beat Wall Street estimates on Tuesday on higher demand for Coke Zero Sugar and new flavors of Diet Coke. FILE PHOTO: Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File Photo The Fanta and…
[ad_1] PARIS (Reuters) – Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said. FILE PHOTO: Bottles of wine displayed on a shelf in an Aldi store in London, Britain, February 15,…
[ad_1] SEOUL (Reuters) – General Motors’ South Korean unit has averted a bankruptcy filing, but analysts and customers, as well as the South Korean government, are debating how long the loss-making company will remain in business. FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29,…
[ad_1] (Reuters) – Home appliance maker Whirlpool Corp (WHR.N) said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp (6594.T) for $1.08 billion in cash as it focuses on its consumer-facing business. FILE PHOTO – The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture…
[ad_1] LONDON (Reuters) – BP (BP.L) has a “very strong” partnership with Russian oil giant Rosneft (ROSN.MM) but will steer away from politics, Chief Executive Officer Bob Dudley said on Tuesday, as Moscow could face new western sanctions. FILE PHOTO: BP’s Chief Executive Bob Dudley speaks to the media after year-end results were announced at…
[ad_1] LONDON (Reuters) – One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found. 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…
[ad_1] BEIJING (Reuters) – Volkswagen AG’s (VOWG_p.DE) chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing. A man uses phone under a Volkswagen logo at the Shanghai…
[ad_1] MENLO PARK, Calif. (Reuters) – Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence. FILE PHOTO: A…
[ad_1] Data analytics platform Tableau today announced the launch of both a new data preparation product and a new subscription pricing plan. Currently, Tableau offers desktop plans for users who want to analyze their data locally, a server plan for businesses that want to deploy the service on-premises or on a cloud platform, and a…
[ad_1] LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in U.S. bond yields towards the key 3 percent level stalled, while oil prices stretched to fresh highs above $75 a barrel. FILE PHOTO: A man walks through…
[ad_1] BEIJING/SHANGHAI (Reuters) – Japan’s Softbank Group (9984.T) and Alphabet Inc’s (GOOGL.O) venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday. A man walks past a sign of Huochebang or Truck Alliance, an app for truck services, in…
[ad_1] Mario Stojanac and his family are still waiting for their luggage — 10 days after flying home on a direct Sunwing flight from the Dominican Republic to Toronto. “Right now, it’s in an abyss,” he said. “Where’s my stuff and will I ever see it again, and why won’t anyone tell me what’s going on?”…
[ad_1] FRANKFURT/LONDON (Reuters) – Germany’s SAP (SAPG.DE) announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on competitors Salesforce (CRM.N) and Oracle (ORCL.N) in the cloud and that its margin recovery was firmly on track. SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski SAP, Europe’s…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank AG (DBKGn.DE) may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday. The head quarters of Germany’s largest business bank, Deutsche Bank, is photographed in Frankfurt, Germany, December 6, 2017. REUTERS/Kai Pfaffenbach The person…
[ad_1] (Reuters) – Whirlpool Corp (WHR.N) said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp (6594.T) for $1.08 billion in cash. FILE PHOTO – The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture taken October 3, 2017. REUTERS/Aaron Josefczyk Whirlpool also said it…
[ad_1] TOKYO/SYDNEY (Reuters) – Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar’s rally was sustainable. An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai…
[ad_1] (Reuters) – A unit of debt-laden Chinese conglomerate HNA Group [HNAIR.UL] is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group’s primary vehicle for global acquisitions, a document reviewed by Reuters showed. A HNA Group logo is seen on…
[ad_1] BEIJING (Reuters) – Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labor force. FILE PHOTO: An employee is seen behind a glass wall with…
[ad_1] FRANKFURT/LONDON (Reuters) – Germany’s SAP (SAPG.DE) announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on its main competitors Salesforce (CRM.N) and Oracle (ORCL.N) in the cloud and that its margin recovery was firmly on track. SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski…
[ad_1] PARIS (Reuters) – French automaker PSA Group (PEUP.PA) posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall last year. FILE PHOTO: Opel sign is displayed on the car during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins/File Photo Group revenue rose to 18.18 billion euros ($22.2…
[ad_1] IOWA CITY, Iowa (Reuters) – Wells Fargo & Co (WFC.N) executives planned to convey a message of atonement to shareholders at the bank’s annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past. FILE PHOTO: A Wells Fargo…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank AG (DBKGn.DE) may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings, a German newspaper reported on Tuesday. The head quarters of Germany’s largest business bank, Deutsche Bank, is photographed in Frankfurt, Germany, December 6, 2017. REUTERS/Kai Pfaffenbach The bank is considering…
[ad_1] TOKYO/SYDNEY (Reuters) – Asian stocks bounced from near two-week lows on Tuesday as investors paused for breath following the heavy selling of recent sessions and waited to see if the dollar’s rally was sustainable. An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai…
[ad_1] SAN FRANCISCO (Reuters) – Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday. Alphabet got a boost from how it values investments in Uber Technologies Inc [UBER.UL]…
[ad_1] TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the specter of inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs. An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo, Japan,…
[ad_1] BEIJING (Reuters) – An autonomous driving electric vehicle may not take to the sky any time soon but could one day start to look a bit like The Jetsons’ flying car – a glass bubble without the long hood that is a signature feature of today’s gasoline-fueled cars. Infiniti, Nissan Motor’s premium brand, Executive Design…
[ad_1] (Reuters) – Nasdaq Inc (NDAQ.O) on Monday said it will ask regulators to let it give thinly-traded companies that list on its main U.S. stock exchange a choice as to whether their shares can be traded on other exchanges, with the aim of making it easier for investors to buy the stocks. FILE PHOTO:…
[ad_1] NEW YORK (Reuters) – Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses. Tech stocks dragged on both the S&P 500 and the Nasdaq ahead of a big week of earnings for the sector. Chipmaker…
[ad_1] NEW YORK (Reuters) – Glenview Capital Management Chief Executive Larry Robbins said on Monday at the Sohn Investment Conference in New York that he still likes a trio of stocks he already owns, citing CVS Health Corp (CVS.N), McKesson Corp (MCK.N) and Express Scripts Holdings (ESRX.O). FILE PHOTO: An Amazon.com Inc driver stands next…
[ad_1] Google parent Alphabet on Monday reported a jump in first-quarter net income on the back of strong digital ad sales and an accounting adjustment. The Mountain View, California-based company’s net income surged 73 per cent to $9.4 billion, or $13.33 per share. Earnings, adjusted for non-recurring gains including those from the accounting change, were…
[ad_1] Canadian National Railway Co. is cutting its 2018 financial outlook as it reports lower first-quarter income and revenue due to severe winter weather and lower network “resiliency.” The company says it now expects to post 2018 adjusted diluted earnings per share of $5.10 to $5.25, down from its previous target of $5.25 to $5.40.…
[ad_1] SAN FRANCISCO (Reuters) – Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 percent after hours. FILE PHOTO: The Google logo is pictured atop an office building in…
[ad_1] Already taking flak over its admissions of bread price-fixing and over the theft of customer loyalty points, Loblaws entered another battlefield Monday morning in a Toronto courtroom. The grocery giant began a month-long trial against the federal government over the Canada Revenue Agency’s claims that it set up a bogus offshore bank in the Caribbean to avoid tax…
[ad_1] BRUSSELS (Reuters) – The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U.S. President Trump decides whether they should apply to Europe. A worker works at a furnace at a steel plant…
[ad_1] SAN FRANCISCO (Reuters) – Google owner Alphabet Inc (GOOGL.O) reported first-quarter sales and profit Monday that topped financial analysts’ estimates as it achieved better pricing on ads and saw unrealized income from startup investments, sending its shares up about 1 percent after-hours. FILE PHOTO: The Google logo is pictured atop an office building in…
[ad_1] WASHINGTON (Reuters) – Southwest Airlines Co (LUV.N) canceled more flights on Monday as it worked to complete inspections of engines like the one that failed last week in a deadly accident over Pennsylvania. Emergency personnel monitor the damaged engine of Southwest Airlines Flight 1380, which diverted to Philadelphia International Airport after the engine blew…
[ad_1] A former pilot who left Air Canada alleging she was discriminated against on the basis of her gender has asked the Canadian Human Rights Commission to order that she be reinstated. Jane Clegg fought back tears as she testified today in Ottawa at a human rights tribunal into her complaint against the airline. She…
[ad_1] Loblaw Companies Ltd. and the Canada Revenue Agency faced off in Tax Court on Monday over allegations that the retailer’s Barbadian banking subsidiary had been misused for tax avoidance — a long-running dispute that could cost the retailer more than $400 million. Department of Justice lawyer Elizabeth Chasson said Loblaw Financial Holdings took steps…
[ad_1] NEW YORK (Reuters) – Wall Street fell into negative territory on Monday as signs of soft smartphone demand took a toll on tech stocks and a rise in bond yields dented demand for equities, offsetting optimism on earnings. Tech stocks were a drag on all three major U.S. indexes ahead of a big week…
[ad_1] (Reuters) – Hasbro Inc (HAS.O) reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys ‘R’ Us for a slide in revenue but also promising the worst would be over in the first half of 2018. Shares of the company, initially hammered almost 8 percent lower by the…
[ad_1] WASHINGTON/BOSTON (Reuters) – Wells Fargo & Co’s (WFC.N) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting. FILE PHOTO: Wells Fargo & Company CEO and President Tim Sloan testifies before the Senate Banking Committee…
[ad_1] (Reuters) – Wall Street’s three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan…
[ad_1] SAN FRANCISCO (Reuters) – Pier 1 Imports Inc’s (PIR.N) stock plunged to its lowest level since 2009 on Monday after an analyst recommended investors avoid the shares until the furniture and home decorations retailer reverses falling sales. The Pier 1 Imports store is seen in Broomfield, Colorado September 17, 2014. REUTERS/Rick Wilking Shares in…
[ad_1] NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday ranging from online food ordering to homebuilders that should benefit from the growing clout of the millennial generation. FILE PHOTO: John Khoury, Founder and Managing Partner, Long Pond Capital, speaks at the…
[ad_1] WASHINGTON (Reuters) – U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off. FILE PHOTO: A “For Sale” sign is seen outside…
[ad_1] Heptio is one of the more interesting companies in the container ecosystem. In part, that’s due to the simple fact that it was founded by Craig McLuckie and Joe Beda, two of the three engineers behind the original Kubernetes project, but also because of the technology it’s developing and the large amount of funding…
[ad_1] GFL Environmental Inc. is getting new investors including the Ontario Teachers’ Pension Plan and private equity firm BC Partners in a deal that values the waste-management company at about $5.125 billion. Under the agreement, GFL founder and chief executive Patrick Dovigi will maintain his role and leadership of the Toronto-based private company as well…
[ad_1] Toys “R” Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company’s Canadian operations. According to U.S. bankruptcy court documents, the auction received no qualified bids other than the stalking horse offer from Toronto-based Fairfax. The holding company, which is involved in…
[ad_1] When the Department of Defense announced in March, a 10-year winner-take-all cloud contract that could be worth up to $10 billion, it raised a few eyebrows. Last week, they clarified some of the conditions, and it turns out that much like a modern baseball free agent contract, there are a couple of points where…
[ad_1] WASHINGTON/MOSCOW (Reuters) – The U.S. government on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, sending aluminum prices into a tailspin but lifting shares of the company, United Company Rusal Plc. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium…
[ad_1] (Reuters) – Consumer products maker Newell Brands Inc (NWL.N) and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the board. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX…
[ad_1] Slack exposed the demand for a dead-simple internal communications tool, which has inspired a wave of startups trying to pick apart the rest of a company’s daily activities — including Slite, which hopes to take on internal notes with a fresh round of new capital. Slite is more or less an attempt at a…
[ad_1] MOSCOW/LONDON (Reuters) – As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford/File Photo…
[ad_1] (Reuters) – U.S. stocks were little changed on Monday, with gains in industrial and healthcare stocks offseting the impact from falling oil prices, as investors kept an eye on rising U.S. bond yields. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City,…
[ad_1] WASHINGTON (Reuters) – U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off. FILE PHOTO: A “For Sale” sign is seen outside…
[ad_1] President Donald Trump threatened to make Mexican immigration control a condition of a new NAFTA agreement on Monday, saying the southern U.S. neighbor must stop illegal immigrants from getting into the United States. “Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S. We may…
[ad_1] WASHINGTON (Reuters) – The United States on Monday opened the door to sanctions relief for United Company Rusal Plc as it considered the Russian aluminum giant’s bid to avoid U.S. sanctions and weighed the potential impact of such measures on Rusal’s American allies and partners. FILE PHOTO: Aluminium ingots are seen stored at the…
[ad_1] Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create the biggest publicly listed online-gambling company and make it a bigger player in the fast-growing business of online sports betting. Sky Betting…
[ad_1] WASHINGTON (Reuters) – The United States on Monday opened the door to sanctions relief for Russian aluminum producer United Company Rusal Plc, saying it was considering a company bid to avoid U.S. sanctions and would weigh the impact on American allies and partners. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop…
[ad_1] (Reuters) – U.S. stocks opened higher on Monday as gains in technology and industrial stocks led optimism about a strong earnings season and concerns on rising U.S. bond yields eased. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S.,…
[ad_1] (Reuters) – Wall Street was set for gains on Monday as optimism about the strong earnings season helped ease concerns on rising U.S. bond yields. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan McDermid…
[ad_1] SEOUL (Reuters) – U.S. activist hedge fund Elliott Management dismissed Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members. FILE PHOTO: Hyundai Motor Group Vice Chairman Yoon Yeo-chul speaks during the company’s New Year ceremony…
[ad_1] (Reuters) – U.S. stocks index futures treaded water on Monday, ahead of a bevy of earnings from the world’s biggest companies and as wary investors watched U.S. bond yields approach peaks that have sparked stock selloffs in the past. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in the…
[ad_1] WASHINGTON (Reuters) – Americans engaged with United Company Rusal PLC have until Oct. 23 to wind down their business with the aluminum giant amid U.S. sanctions, the U.S. Treasury Department said on Monday in a statement extending the time period. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal…
[ad_1] (Reuters) – Toymaker Hasbro Inc (HAS.O) fell 23 cents a share short of Wall Street expectations for profit in the first quarter as the fallout of the Toys ‘R’ Us bankruptcy drove a nearly $100 million shortfall in revenue. FILE PHOTO: A Jenga game by Hasbro Gaming is seen in this illustration photo August…
[ad_1] LONDON/BERLIN (Reuters) – Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first in Europe, and is in talks to supply local auto makers with batteries used to power electric vehicles, a source at the company told Reuters. FILE PHOTO: The visitors welcome area at the new production line…
[ad_1] SEOUL (Reuters) – U.S. activist hedge fund Elliott Management said on Monday a restructuring plan proposed by Hyundai Motor Group to simplify its shareholding structure was not enough, and recommended it create a holding company, among other measures. FILE PHOTO – The logo of South Korean car manufacturer Hyundai is seen at a car…
[ad_1] (Reuters) – Oilfield services provider Halliburton Co (HAL.N) reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production. FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer/File Photo The company’s revenue from North America jumped nearly…
[ad_1] (Reuters) – Oilfield services provider Halliburton Co (HAL.N) reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production. FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer/File Photo Net income attributable to Halliburton was $46 million,…
[ad_1] TOKYO (Reuters) – Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component, as the world’s second-largest truck maker ramps up electric offerings, the company told Reuters on Monday. Lars Stenqvist, chief technology officer at Volvo Group Trucks Technology, speaks during an…
[ad_1] (Reuters) – Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker. FILE PHOTO – The logo of South Korean car manufacturer Hyundai is seen…
[ad_1] PARIS (Reuters) – Air France KLM (AIRF.PA) shares fell on Monday as its Air France division faced further disruption to flights due to workers striking in protest over pay. The logo of Air France-KLM is seen during the company’s 2014 First-Half results presentation in Paris July 25, 2014. REUTERS/Benoit Tessier Air France KLM shares…
[ad_1] TUNIS/LONDON (Reuters) – Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several sources familiar with the matter told Reuters. FILE PHOTO: The logo of French oil giant Total is seen on…
[ad_1] LONDON (Reuters) – World stocks slipped on Monday as investors braced for a blizzard of earnings from the world’s largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. FILE PHOTO: The London Stock Exchange Group offices are seen in the…
[ad_1] SEOUL (Reuters) – General Motors Co’s (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage deal with its labour union on Monday that helped the U.S. automaker win concessions on pay, bonuses and benefits. Kaher Kazem (L), chief executive of GM Korea, and Barry…
[ad_1] Jane Clegg had been a military and commercial airline pilot in Canada for three decades. But she tears up talking about her last day on the job as a first officer at the controls of an Air Canada 737, on April 3, 2013. Instead of the traditions reserved for retiring pilots she always assumed she’d experience,…
[ad_1] WestJet’s new boss says he can see “no limit” to the international opportunities for the Calgary-based airline, eyeing potential growth in Asia, Europe and Latin America. CEO Ed Sims says that with advances in fuel efficiency and airplane technology, there’s opportunity not only to take more Canadians abroad, but to attract more travellers to Canada. “We only have…
[ad_1] Green car enthusiast Matthew Klippenstein pulls his early model plug-in Prius into a Tim Hortons in Maple Ridge, B.C., to take my call. As gas prices begin to soar again Klippenstein, an engineer who, among other things, writes about the latest developments in battery-powered vehicles for Green Car Reports, tries not to sound smug. Even before Alberta’s threats to penalize…
[ad_1] BEIJING (Reuters) – China’s HNA Group [HNAIRC.UL] will remain a “major investor” in Deutsche Bank (DBKGn.DE), the aviation-to-financial services conglomerate said in a statement on Monday, citing a company spokesman. A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee HNA, which has been…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit said that it has reached a tentative wage deal with its labor union on Monday, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the loss-making operation. FILE PHOTO: The logo of GM Korea is seen at…
[ad_1] HANOVER, Germany (Reuters) – The head of Germany’s engineering trade body on Monday called for a fresh attempt at a free trade agreement between the United States and the European Union in the face of steel and aluminum tariffs announced by U.S. President Donald Trump. A German flag flutters next to the ships at…
[ad_1] LONDON (Reuters) – The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank’s plans to unwind its extraordinary monetary stimulus. The headquarters of the European Central Bank (ECB) and the Frankfurt skyline with its…
[ad_1] SYDNEY (Reuters) – Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. A man walks past an electronic stock quotation board outside a brokerage…
[ad_1] SHANGHAI (Reuters) – Chinese funds have slashed valuations of ZTE Corp (000063.SZ) (0763.HK) after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival. The logo of China’s ZTE Corp is seen on a building in Nanjing, Jiangsu province,…
[ad_1] NEW YORK (Reuters) – Investors’ fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File…
[ad_1] SAYANOGORSK, Russia (Reuters) – Workers at one of Russia’s biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminum giant Rusal, a predicament mirrored across the company’s sprawling operations. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk,…
[ad_1] SYDNEY (Reuters) – Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. A man walks past an electronic stock quotation board outside a brokerage…
[ad_1] TOKYO (Reuters) – Japan’s new home-sharing law was meant to ease a shortage of hotel rooms, bring order to an unregulated market and offer more lodging options for foreign visitors ahead of next year’s Rugby World Cup and the 2020 Tokyo Olympics. A sign communicating the ban on using the apartment building as Airbnb…
[ad_1] BEIJING (Reuters) – China opposes all forms of protectionism and will firmly safeguard the world’s multilateral trading system, its commerce minister wrote on Monday in the ruling Communist Party’s official newspaper. Chinese Commerce Minister Zhong Shan attends a news conference on the sidelines of the National People’s Congress (NPC) in Beijing, China March 11,…
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from Chinese regulators by May. FILE PHOTO: A logo of Toshiba Corp is…
[ad_1] SYDNEY (Reuters) – Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approached peaks that had triggered ructions in the past. A man walks past an electronic stock quotation board outside…
[ad_1] A CIBC financial adviser says she and her colleagues are “stunned” that a recent report by Canada’s banking regulator did not find widespread instances of customers who were upsold due to pressure on employees to meet sales targets. “I can’t even explain to you how disheartened we all were,” says the financial adviser. CBC…
[ad_1] As U.S. and Canadian government policies toward marijuana grow more divergent amid Canada’s push for legalization, their stock exchanges have seen a flurry of cross-listing activity from companies eager to snap up investment capital and carve out dominant positions in a growing global market. Marijuana producers that operate in U.S. states where pot is…
[ad_1] (Reuters) – Southwest Airlines Co (LUV.N) said it canceled about 40 flights on Sunday, or 1 percent of those scheduled, as it inspects engines after last week’s deadly accident in Pennsylvania. FILE PHOTO – Emergency personnel monitor the damaged engine of Southwest Airlines Flight 1380, which diverted to the Philadelphia International Airport after the…
[ad_1] BERLIN (Reuters) – German healthcare group Fresenius SE (FREG.DE) said it had decided to pull out of its planned acquisition of Akorn (AKRX.O) after it found data integrity breaches at the U.S. generic drug maker. Fresenius headquarters in Bad Homburg near Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski Fresenius agreed last year to buy…
[ad_1] BENGALURU (Reuters) – Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce. The logo of Amazon is pictured inside the company’s office in Bengaluru,…
[ad_1] BERLIN (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank (DBKGn.DE) to 7.9 percent, according to a U.S. regulatory filing. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo HNA, the aviation-to-financial services conglomerate, has been selling…
[ad_1] The government’s move to push through the Trans Mountain pipeline expansion will send a message that Canada is a viable place to invest, the finance minister said. Kinder Morgan, the company that owns the pipeline, threatened to abandon the project if clarity on the path forward isn’t reached by May 31. The company’s statement came…
[ad_1] WASHINGTON (Reuters) – Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check for this year’s U.S. financial commitment to the Paris Climate Agreement. FILE PHOTO: Special envoy to the United Nations for climate change Michael Bloomberg speaks during the One-on-One discussion panel with International Monetary…
[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. PC Optimum points stolen … again Even new passwords didn’t stop these thieves from stealing rewards points. Some PC Optimum members had their points stolen twice…
[ad_1] BEIJING (Reuters) – China’s ZTE (0763.HK) (000063.SZ) is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo ZTE “has learnt from its past experiences on…
[ad_1] After getting hit by points theft multiple times, some PC Optimum members are questioning a fix Loblaws says it has made to improve the security of its rewards program. “I do not believe they have fixed anything,” said Shawn Nicholson in Halifax. On Wednesday, a thief infiltrated his PC Optimum online account for the…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. U.S. Treasury Secretary Steve Mnuchin speaks at a news conference during the IMF/World Bank spring…
[ad_1] BEIJING (Reuters) – China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world’s two largest economies. FILE PHOTO – Flags of U.S. and China are placed for a meeting between Secretary of Agriculture Sonny Perdue and China’s Minister…
[ad_1] WASHINGTON (Reuters) – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump. Shipping containers are seen at a port in Tokyo, Japan, March 22, 2017. Picture taken March…
[ad_1] WASHINGTON (Reuters) – The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in Washington,…
[ad_1] WASHINGTON (Reuters) – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in…
[ad_1] Pivotal has kind of a strange role for a company. On one hand its part of the EMC federation companies that Dell acquired in 2016 for a cool $67 billion, but it’s also an independently operated entity within that broader Dell family of companies — and that has to be a fine line to…
[ad_1] New York City is a marvel of infrastructure planning and engineering. There are the visible landmarks — the Brooklyn Bridge, the Lincoln Tunnel, the Empire State Building — and also the invisible ones that run the city beneath its crowded streets, such as one of the world’s most complex water tunneling and reservoir systems.…
[ad_1] Data is the lifeblood of the modern corporation, yet acquiring, storing, processing, and analyzing it remains a remarkably challenging and expensive project. Every time data infrastructure finally catches up with the streams of information pouring in, another source and more demanding decision-making makes the existing technology obsolete. Few cities rely on data the same…
[ad_1] Every startup needs a little skill and a little luck. BigID, a NYC-based data governance solution has been blessed with both. The company, which helps customers identify sensitive data in big data stores, launched at just about the same time that the EU announced the GDPR data privacy regulations. Today, the company is having…
[ad_1] Cloud computing has been a revolution for the data center. Rather than investing in expensive hardware and managing a data center directly, companies are relying on public cloud providers like AWS, Google Cloud, and Microsoft Azure to provide general-purpose and high-availability compute, storage, and networking resources in a highly flexible way. Yet as workflows…
[ad_1] BP Canada has been given the green light to start drilling off Nova Scotia’s coast. On Saturday, the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) granted approval for the company to begin drilling one deepwater exploration well about 300 kilometres offshore. BP has applied to drill a total of four wells in the area, but Mi’kmaq communities have…
[ad_1] When you think about critical infrastructure, DNS or domain naming services might not pop into your head, but what is more important than making sure your website opens quickly and efficiently for your users. NS1 is a New York City startup trying to bring software smarts and automation to the DNS space. “We’re a…
[ad_1] New York City has an incredible density of up-and-coming enterprise-focused startups. While the winners are publicized and well-known, we felt it was time to put a bit of a spotlight on younger companies, ones you may not have heard about yet, but are likely to in the coming years. TechCrunch asked two dozen founders,…
[ad_1] There used to be two cultures in the enterprise around technology. On one side were software engineers, who built out the applications needed by employees to conduct the business of their companies. On the other side were sysadmins, who were territorially protective of their hardware domain — the servers, switches, and storage boxes needed…
[ad_1] NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp…
[ad_1] While most people probably would not think of New York as a hotbed for enterprise startups of any kind, it is actually quite active. When you stop to consider that the world’s biggest banks and financial services companies are located there, it would certainly make sense for security startups to concentrate on such a…
[ad_1] WASHINGTON (Reuters) – A telecommunications standards organization – GSMA – said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc (T.N) and Verizon Communications Inc (VZ.N) to hinder consumers from easily switching wireless carriers. FILE PHOTO: GSMA flags…
[ad_1] ZURICH/MOSCOW – Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday. FILE PHOTO: Chairman of the Board of Directors of Renova Group, Viktor Vekselberg attends a…
[ad_1] LONDON (Reuters) – Ford Motor Company (F.N) said on Saturday it will take bids on some of its advertising managed by WPP (WPP.L), adding to uncertainty around the British ad giant after last week’s exit of founder Martin Sorrell. The Ford logo is seen at the New York Auto Show in the Manhattan borough…
[ad_1] FRANKFURT (Reuters) – Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank (DBKGn.DE) earlier this month, according to several people with knowledge of the matter. The headquarters of the Deutsche Bank’s DWS Asset Management is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo However,…
[ad_1] So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies like bitcoin and ethereum, and you took the investment plunge. Maybe you made big money, maybe just a few thousand dollars. But even though the word crypto comes from the Greek word for hidden, if you’re thinking at tax time…
[ad_1] Tesla is beset by production problems and swimming in debt, its bonds are considered junk status, its stock has more people betting against it than any other major company. There are real concerns it won’t be able to raise enough cash to keep going. But even with all its problems, there are still very…
[ad_1] Three years after the devastating oil price crash, optimism is back in the industry as prices are surging toward $70 US per barrel, and thoughts of $100 return. The rosy outlook is a far cry from early 2016, when prices dropped below $30 US per barrel. The enthusiasm has even spread to Alberta, although it is…
[ad_1] (Reuters) – Apple Inc (AAPL.O) on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to expand, adding, it will offer worldwide free replacement for such batteries. FILE PHOTO: The Apple Inc. store is seen in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo Apple said…
[ad_1] SEOUL (Reuters) – South Korea’s government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co (GM.N), the Yonhap news agency reported on Saturday, citing the finance minister. FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim…
[ad_1] WASHINGTON/PARIS (Reuters) – U.S. and European airline regulators on Friday ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines (LUV.N) engine blowout earlier this week, citing risks of a similar mishap. The directives by the U.S. Federal Aviation Administration and the European…
[ad_1] NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Lenders have…
[ad_1] WASHINGTON/PARIS (Reuters) – European and U.S. airline regulators on Friday ordered mandatory inspections within 20 days of aircraft engines similar to one involved in a fatal Southwest Airlines (LUV.N) accident earlier this week. U.S. NTSB investigators are on scene examining damage to the engine of the Southwest Airlines plane in this image released from…
[ad_1] CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner. FILE PHOTO: Charles Evans, president of the Federal Reserve Bank of Chicago, poses…
[ad_1] The federal government may have a Plan B, if Kinder Morgan pulls the plug on the Trans Mountain pipeline. But the energy sector is still waiting on Plan A to be unveiled. On a conference call with analysts, Kinder Morgan’s chief executive Steve Kean said that there were no signs that the political roadblocks were going…
[ad_1] Stock market investors showed lukewarm enthusiasm for Pivotal Software’s debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73. Although it didn’t “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public company market cap exceeded $3 billion. The…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department has opened a probe of potential coordination by AT&T Inc (T.N), Verizon Communications (VZ.N), a telecommunications standards organization and potentially other providers to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday. FILE PHOTO: An AT&T logo is pictured in…
[ad_1] WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days. FILE PHOTO: U.S. President Donald Trump holds his signed memorandum…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand. The technology index .SPLRCT was the biggest drag on the S&P 500 with a 1.5 percent drop…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department has opened an antitrust probe of potential coordination by AT&T Inc (T.N), Verizon Communications (VZ.N), a telecommunications standards organization and potentially other providers to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday. FILE PHOTO: An AT&T logo is pictured…
[ad_1] (Reuters) – The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T (T.N), Verizon (VZ.N) and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, the New York Times reported on Friday, citing six people with knowledge of the inquiry. FILE PHOTO: An AT&T logo is pictured…
[ad_1] SAN FRANCISCO (Reuters) – U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New…
[ad_1] (Reuters) – A U.S. national security review has raised concerns about a takeover by China’s COSCO Shipping Holdings Co (601919.SS) of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday. Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, China, February 17, 2016.…
[ad_1] WASHINGTON — NAFTA negotiating teams will keep bargaining through the weekend in an effort to get a deal by early May. The political ministers leading the process are currently leaving Washington, but will be back next week. Foreign Affairs Minister Chrystia Freeland calls it a perpetual negotiating round. She said the talks continue to…
[ad_1] TOKYO/LONDON (Reuters) – Japan’s Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) on Friday to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals. Japan’s biggest drugmaker increased its potential cash and shares bid to 47 pounds a share, up 1 percent…
[ad_1] CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner. FILE PHOTO: Charles Evans, president of the Federal Reserve Bank…
[ad_1] (Reuters) – U.S. stocks fell on Friday, as Apple led a decline in technology stocks on concerns about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York City,…
[ad_1] Containers are eating the software world — and Kubernetes is the king of containers. So if you are working on any major software project, especially in the enterprise, you will run into it sooner or later. Cloud Foundry, which hosted its semi-annual developer conference in Boston this week, is an interesting example for this.…
[ad_1] MADRID/ATHENS (Reuters) – European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said. FILE PHOTO: A view of the Piraeus Container Terminal, near Athens, Greece, September 20, 2017. REUTERS/Alkis Konstantinidis/File photo “The…
[ad_1] WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks. U.S. President Donald Trump departs West Palm Beach, Florida, U.S., on his way to Key…
[ad_1] MUMBAI (Reuters) – Walmart Inc (WMT.N) could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. A Common myna sits next to the logo of India’s e-commerce firm Flipkart installed on the company’s…
[ad_1] NEW YORK (Reuters) – The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. People walk by a Wall Street sign close to the New…
[ad_1] FRANKFURT/PARIS (Reuters) – Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround targets, the works council chief said on Friday, as Opel workers’ rejection of further concessions began to draw criticism from other PSA unions. FILE PHOTO: Flags with the Opel logo are seen at the Opel…
[ad_1] Ahead of an auction scheduled next week for the Canadian assets of Toys “R” US, Fairfax Financial Holdings Ltd. has put in a $300-million offer. According to court documents filed April 19 with the the United States Bankruptcy Court for the eastern district of Virginia, Toys “R” Us plans to auction off the company’s Canadian operations on…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) and Charter Communications Inc (CHTR.O) will partner to develop back-end software to support services for their Xfinity and Spectrum mobile offerings, the companies said on Friday. The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson…
[ad_1] (Reuters) – General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher. FILE PHOTO: A pedestrian walks past a General Electric (GE) facility in Medford, Massachusetts, U.S., April 20, 2017. REUTERS/Brian Snyder/File Photo GE affirmed…
[ad_1] Canadian Pacific Railway says it has begun shutting down train operations ahead of a possible strike set to start Saturday by two unionized workforces. The company says it has an embargo application in place on shipments going to or from CP’s Canadian locations that will take effect just after midnight on April 21. Canadian…
[ad_1] (Reuters) – U.S. stock indexes fell on Friday on weakness in technology stocks and as energy companies were hit by lower oil prices after President Donald Trump criticized OPEC for artificially high prices. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York City, New…
[ad_1] U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks. “Looks like OPEC is at it again. With record amounts of Oil all over the place,…
[ad_1] (Reuters) – Wells Fargo & Co has agreed to pay $1 billion in penalties to federal regulators to settle a probe into abuses at its auto and mortgage businesses, the bank and regulators said on Friday, confirming an earlier Reuters report. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of…
[ad_1] LONDON (Reuters) – Nissan (7201.T) will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November…
[ad_1] (Reuters) – U.S. stock futures were little changed on Friday as strong earnings from industrials General Electric and Honeywell were offset by a dip in oil prices after President Donald Trump criticized OPEC for artificially high prices. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of…
[ad_1] Canada’s inflation rate hit 2.3 per cent in the year up to March, the highest level since October 2014 as gas prices and just about everything else got more expensive. Statistics Canada reported Friday that seven of the eight components the data agency tracks rose in March. The lone exception was clothing and footwear,…
[ad_1] PARIS (Reuters) – Air France (AIRF.PA) said it was launching a new consultation period with staff members to seek an end to a strike dispute over pay that has so far cost it 220 million euros ($271 million). Jean-Marc Janaillac, Chief Executive Officer of Air France-KLM Group, attends a news conference as Air France…
[ad_1] (Reuters) – Oilfield services provider Schlumberger NV (SLB.N) scraped past first-quarter profit estimates on Friday as higher costs weighed on a strong performance in its North America business. The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson/File Photo The oil industry has benefited from a 7.5…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the loss-making unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South…
[ad_1] (Reuters) – U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., April 19, 2018. REUTERS/Brendan McDermid GE (GE.N) shares rose more than…
[ad_1] (Reuters) – General Electric Co (GE.N) said Friday that quarterly profit from continuing operations more than tripled, helped by strength in its aviation and healthcare businesses, and sending its shares sharply higher in premarket trading. FILE PHOTO: A pedestrian walks past a General Electric (GE) facility in Medford, Massachusetts, U.S., April 20, 2017. REUTERS/Brian…
[ad_1] (Reuters) – The world’s largest oilfield services provider Schlumberger NV (SLB.N) reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson/File Photo Net…
[ad_1] BEIJING (Reuters) – A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp. The logo of ZTE Corp is seen on its building in Beijing, China…
[ad_1] SINGAPORE (Reuters) – Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel. FILE PHOTO: Crude oil is…
[ad_1] MOSCOW (Reuters) – Russia’s standards agency said on Friday it had been informed about the voluntary recall by German carmaker Daimler (DAIGn.DE) of 24,763 Mercedes-Benz cars sold from 2014 to 2017. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke The agency said the…
[ad_1] MOSCOW (Reuters) – Russia’s anti-monopoly regulator FAS has approved Bayer’s (BAYGn.DE) takeover of Monsanto (MON.N), Russian news agency Interfax reported on Friday, citing the regulator. FILE PHOTO: Monsanto is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit and its labor union were in a fresh round of wage talks on Friday afternoon, keen to stave off a threat by the U.S. automaker to seek bankruptcy for the loss-making unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong…
[ad_1] LONDON (Reuters) – World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. FILE PHOTO: General view of the stock exchange in Frankfurt, Germany, March 23, 2018. REUTERS/Kai Pfaffenbach/File Photo The MSCI…
[ad_1] LONDON (Reuters) – World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9,…
[ad_1] WASHINGTON (Reuters) – The U.S. Treasury is considering ways to restrict sensitive Chinese investments in the United States by invoking an emergency powers law and bringing forward some security review reforms for corporate acquisitions, a senior Treasury official said on Thursday. A China yuan note is seen in this illustration photo May 31, 2017.…
[ad_1] The price of filling up a tank of gas is a classic Canadian irritation. But a confluence of factors may soon make that process even more gob-smacking than usual. Here’s a look at five reasons gas prices are soaring. Summer A big one is that gas prices always rise around this time of year. “Usually we see…
[ad_1] Thought economy was the lowest class on a plane? Think again: Air Canada and WestJet are selling “basic economy” fares that cost less and offer even fewer features, such as no options to change your flight. “Basic economy fares are getting you a seat, that’s it ” says Ottawa-based travel blogger Anshul Singh. “There is no…
[ad_1] LONDON (Reuters) – Martin Sorrell’s departure from the world’s biggest advertising company heralds change for his sprawling WPP empire and may accelerate a shake up of the big ad groups that followed his lead. FILE PHOTO: Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes…
[ad_1] SHANGHAI/HONG KONG (Reuters) – China Huarong Asset Management Co (2799.HK) confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation’s biggest bad debt manager on Friday. FILE PHOTO – China Huarong Asset Management Co Chairman Lai Xiaomin listens to…
[ad_1] TOKYO (Reuters) – U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said. FILE PHOTO: An F-22 Raptor aircraft flies during an air display on the first day of the Farnborough International Airshow in south…
[ad_1] LONDON (Reuters) – British regulators have concluded efforts of Barclays (BARC.L) chief executive Jes Staley to unmask a whistleblower at the bank represented a breach of individual conduct and proposed he pay an undisclosed fine, the bank said on Friday. FILE PHOTO – Barclays’ CEO Jes Staley arrives at 10 Downing Street in London,…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd shares lost almost 5 percent of their value on Friday as investors fretted over the size of any deal the Japanese firm would have to make to seal its record-breaking purchase of London-listed Shire PLC. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit and its labor union are set to hold another round of wage talks on Friday afternoon, keen to stave off a threat by the U.S. automaker to seek bankruptcy for the loss-making unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s…
[ad_1] LONDON/CHICAGO (Reuters) – Procter & Gamble’s $4.2 billion deal for Merck’s vitamin and supplements business is the latest example of a major consumer company stocking up on health-related products. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes. FILE PHOTO: A sign outside the headquarters of JP Morgan…
[ad_1] HONG KONG (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means. The inside of a ZTE smart phone is pictured in this illustration taken…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9,…
[ad_1] HONG KONG (Reuters) – Chinese telecom equipment maker ZTE Corp said on Friday a U.S. decision to impose sanctions on the company was unfair and threatens the survival of the technology giant as it pledged to safeguard its rights through all legal means. The inside of a ZTE smart phone is pictured in this…
[ad_1] SYDNEY (Reuters) – An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the chief executive of the country’s largest wealth manager stepped down over revelations of board-level deception and misappropriation of funds. FILE PHOTO: Craig Meller, the CEO of AMP, briefs the media on the company’s full year results…
[ad_1] SINGAPORE (Reuters) – Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually draw down excess supplies. FILE PHOTO: An oil well is seen near Denver, Colorado February 2, 2015. REUTERS/Rick Wilking Brent crude oil futures LCOc1 were at $73.87 per barrel at 0209 GMT,…
[ad_1] SINGAPORE (Reuters) – Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn down excess supplies. FILE PHOTO: An oil well is seen near Denver, Colorado February 2, 2015. REUTERS/Rick Wilking Brent crude oil futures LCOc1 were at $73.69 per barrel at 0129 GMT,…
[ad_1] CHICAGO (Reuters) – Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. A field of sorghum (milo) grain is seen at a farm outside…
[ad_1] TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd shares fell on Friday after rare disease drug maker Shire Plc rejected its $63 billion cash-and-stock acquisition offer. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon/File Photo Shire said it had received three conditional proposals…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while lofty oil prices stirred inflation fears and undermined sovereign bonds. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9,…
[ad_1] NEW YORK (Reuters) – A Wall Street regulator has suspended the co-founder of the controversial Tezos cryptocurrency project from associating with broker-dealers for two years, part of a settlement to resolve allegations that he made false statements about his side venture while working at Morgan Stanley (MS.N). FILE PHOTO: Tezos co-founder and CTO Arthur…
[ad_1] WASHINGTON (Reuters) – AT&T (T.N) CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner (TWX.N) would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices. Chief Executive Officer of AT&T Randall Stephenson…
[ad_1] (Reuters) – Mattel Inc (MAT.O) said on Thursday that board member and digital media executive Ynon Kreiz will replace Chief Executive Margaret Georgiadis, who is stepping down after only 14 months at the helm of the maker of Hot Wheels and Barbie dolls. FILE PHOTO: Margo Georgiadis responds to a question at the 2015…
[ad_1] (Reuters) – Consumer activists and technology experts are advising consumers to hold off on buying Android handsets from China’s ZTE until the company clarifies whether U.S. sanctions against the company prevent it from providing operating system updates for its devices. A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is close to settling a record fine of $1 billion imposed by two U.S. regulators for its risk management business, a source familiar with the matter told Reuters on Thursday. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Last…
[ad_1] BEIJING (Reuters) – Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson (HOG.N) motorbike around Beijing’s suburbs. Guo Qingshan poses on his Harley-Davidson motorcycle in his village outside Beijing, China, April 7, 2018. REUTERS/Thomas Peter “I love the sound of the engine and the muscle of the motor. When I ride it, I…
[ad_1] (Reuters) – Chipmaker Qualcomm Inc (QCOM.O) is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $1 billion. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo The…
[ad_1] Rogers Communications Inc. reported a $425 million net profit in its first quarter, up 37 per cent from $310 million in the comparable period last year. The wireless, cable, internet and media company’s adjusted earnings grew even more, rising by 45 per cent to $477 million under new accounting rules that Rogers began using…
[ad_1] BEIJING (Reuters) – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on imported chips. FILE PHOTO: A researcher plants a semiconductor on an interface…
[ad_1] (Reuters) – Toymaker Mattel Inc (MAT.O) Chief Executive Officer Margaret Georgiadis, who took the helm in February last year, will step down and be replaced by company director Ynon Kreiz, effective April 26, the company said on Thursday. FILE PHOTO: Margo Georgiadis responds to a question at the 2015 International Consumer Electronics Show (CES)…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. Traders work on the floor of the New York Stock Exchange in the Manhattan…
[ad_1] WASHINGTON (Reuters) – Canadian, Mexican and U.S. ministers seeking to revamp the NAFTA trade deal have made good progress on the vital question of autos content, Canadian Foreign Minister Chrystia Freeland said on Thursday as pressure to wrap up a deal intensified. FILE PHOTO: Canadian Foreign Minister Chrystia Freeland speaks during a joint news…
[ad_1] NEW YORK (Reuters) – The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on the male-dominated New York Stock Exchange, city officials said on Thursday. A girl poses…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes declined on Thursday as tobacco stocks led a tumble in consumer staples and concerns about smartphone demand hurt the technology sector while rising bond yields and earnings helped financials rebound. Traders work on the floor of the New York Stock Exchange in the Manhattan borough…
[ad_1] PARIS/FRANKFURT (Reuters) – European utility companies are retrenching in their home markets and looking to unwind debt-financed cross-border mergers deals as increasingly nationalist governments balk at foreign ownership of strategic power supplies. FILE PHOTO: The logos of RWE and E.ON are seen before a joint news conference of the two German utilities after unveiling…
[ad_1] The Tim Hortons franchisee advisory board is slamming a group representing at least half of the brand’s restaurant owners for publicly making complaints about their parent company Restaurant Brands International Inc. In a letter to franchisees obtained by The Canadian Press, the board argues that the comments by the Great White North Franchisee Association…
[ad_1] WASHINGTON (Reuters) – AT&T (T.N) CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner (TWX.N) would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices. Chief Executive Officer of AT&T Randall Stephenson…
[ad_1] LONDON (Reuters) – Canadian Prime Minister Justin Trudeau said on Thursday he recognized the timelines on seeking a NAFTA trade agreement and was engaging as much as possible to make progress. FILE PHOTO – Canadian Prime Minister Justin Trudeau leaves after delivering a speech at the National Assembly in Paris, France, April 17, 2018.…
[ad_1] Business groups and free-market advocates are expressing disappointment with Thursday’s ruling by the Supreme Court of Canada that dealt a blow to those who want to see interprovincial trade barriers knocked down. The top court’s decision upheld a provincial restriction on how much alcohol people are allowed to bring across provincial borders. Corinne Pohlmann, senior vice president for national affairs at…
[ad_1] NEW YORK/LONDON (Reuters) – London-listed rare disease drug maker Shire Plc (SHP.L) said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan’s Takeda Pharmaceutical Co (4502.T), even as their talks continued, while Allergan Plc (AGN.N) dropped its rival bid. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building…
[ad_1] (Reuters) – U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris’s (PM.N) shares after results weighed on the consumer staples sector. Traders work on the floor of the New York Stock Exchange in the Manhattan borough…
[ad_1] PARIS/FRANKFURT (Reuters) – PSA Group (PEUP.PA) boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter. FILE PHOTO: Chairman of the Managing Board of PSA Group Carlos…
[ad_1] WASHINGTON (Reuters) – The Trump administration rolled out a long-awaited overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home. U.S. President Donald Trump speaks during a joint news conference with Japan’s Prime Minister Shinzo Abe at…
[ad_1] BOSTON (Reuters) – BlackRock Inc (BLK.N) on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance. FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo The world’s…
[ad_1] (Reuters) – Shares in Apple Inc (AAPL.O) and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) as driven chiefly by concern about demand for iPhones. FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at…
[ad_1] (Reuters) – U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New…
[ad_1] SEOUL (Reuters) – Wage talks between General Motors’ (GM.N) South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company had set for filing for bankruptcy. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim…
[ad_1] LONDON (Reuters) – Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft (ROSN.MM). FILE PHOTO: Rosneft Chief Executive Igor Sechin is seen before Russian President Vladimir Putin’s annual state of the…
[ad_1] An unaffordable price tag kept Melanie Laxson out of the dentist’s chair until the pain became unbearable. With no access to insurance, the 38-year-old says there’s no way she could afford the full cost of a dentist. Canadians spend about $12 billion per year on dental services, but six million people annually avoid dentists…
[ad_1] NEW YORK/LONDON (Reuters) – Drugmaker Shire (SHP.L) has rejected a third takeover bid worth nearly $63 billion from Japan’s Takeda Pharmaceutical (4502.T), although talks are continuing, while sources said Allergan (AGN.N) was also in competing negotiations. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim…
[ad_1] The Supreme Court of Canada has ruled unanimously that provinces have the constitutional right to restrict the importation of goods from each other, as long as the primary aim of the restriction is not to impede trade. The ruling goes against what the man at the centre of the so-called free-the-beer case had argued and…
[ad_1] STOCKHOLM/LONDON (Reuters) – Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE. FILE PHOTO – Visitors pass in front of the Chinese…
[ad_1] (Reuters) – The benchmark S&P 500 index and the Nasdaq opened lower after three days of gains on Thursday as technology stocks took a beating from Apple’s decline and weakness in chipmakers. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2018. REUTERS/Brendan McDermid The…
[ad_1] Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn’t use the restroom because he wasn’t a paying customer. He thought nothing of it when he and his business partner, Donte Robinson, were approached at their table and were asked if they needed help. The 23-year-old entrepreneurs declined, explaining they…
[ad_1] Talk that Saudi Arabia has its sights on $80-$100 US a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday, though the potential boost to inflation hit fixed-income assets. It was set to be the strongest day for the commodity complex in eight…
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) is open to supplying Volvo with engines and could even take a small stake in the Swedish carmaker, Manager Magazin said, raising the possibility of increased cooperation between Mercedes-Benz and China’s Geely [GEELY.UL]. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5,…
[ad_1] LONDON (Reuters) – Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014.…
[ad_1] LONDON (Reuters) – Takeda Pharmaceutical (4502.T) has made a bid for Shire (SHP.L) that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon/File Photo The Japanese…
[ad_1] (Reuters) – Procter & Gamble Co (PG.N) reported better-than-expected quarterly revenue on Thursday, boosted by strong sales in its beauty, and fabric and homecare businesses. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles, California,…
[ad_1] HONG KONG (Reuters) – A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies. Visitors are seen at a booth of Chinese telecom equipment maker ZTE Corp at an expo in Beijing, China, September 27,…
[ad_1] LUXEMBOURG (Reuters) – A legal adviser to the European Union’s top court advised judges on Thursday to reject an appeal by Nestle (NESN.S) in defense of its EU trademark for its KitKat chocolate wafer biscuit. FILE PHOTO: KitKat chocolates are pictured in a shop at Nestle headquarters in Vevey, Switzerland, February 15, 2018. REUTERS/Denis…
[ad_1] HAMBURG (Reuters) – Some of Opel’s German plants cost twice as much to run as new French owner PSA Group’s (PEUP.PA) other factories, Opel’s chief executive told employees as the company tries to hammer out an effiency deal with labor leaders in return for investments. Opel CEO Michael Lohscheller attends a news conference in…
[ad_1] PARIS (Reuters) – The head of French advertising group Publicis (PUBP.PA) refused on Thursday to get drawn into commenting on rival WPP (WPP.L), following the shock departure of WPP’s boss Martin Sorrell. FILE PHOTO: Arthur Sadoun, newly appointed chief executive officer of Publicis Groupe SA, attends the launch of the new movies and TV…
[ad_1] LONDON (Reuters) – Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets. The German share price index, DAX board, is seen at the stock exchange in…
[ad_1] HONG KONG (Reuters) – ZTE Corp’s (000063.SZ)(0763.HK) chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with U.S. sanctions this week, a company source with direct knowledge of the situation told Reuters. Visitors are seen at a booth of Chinese…
[ad_1] Canadian borrowers fearful of another hike in Bank of Canada interest rates are likely off the hook for three months at least. There is a tiny chance central bank governor Stephen Poloz and his deputy Carolyn Wilkins could raise rates at the next meeting on May 30, but since there is no news conference scheduled to explain their…
[ad_1] The Supreme Court of Canada will issue a ruling today on whether Canadians have a constitutional right to buy and transport alcohol across provincial borders without impediments. The so-called ‘free-the-beer’ case also could have major implications for sales of tobacco and cannabis, and for the supply management system relied upon by Canada’s dairy and egg…
[ad_1] SYDNEY (Reuters) – An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country’s biggest bank knowingly charged dead clients for counsel. FILE PHOTO: A pedestrian walks past a Westpac Bank branch in central…
[ad_1] LONDON (Reuters) – Sky (SKYB.L) Chief Executive Jeremy Darroch said he had no interest in running WPP (WPP.L), the world’s biggest ad group which is searching for a new chief executive after the abrupt departure of Martin Sorrell on Saturday. FILE PHOTO – BSkyB Chief Executive Jeremy Darroch speaks at the CBI annual conference…
[ad_1] (Reuters) – Procter & Gamble Co will acquire the consumer health business of Merck KGaA for about 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets. FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company…
[ad_1] RIO DE JANEIRO (Reuters) – Brazil’s state-run oil company is nearing a deal in which China National Petroleum Corp Ltd (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas. FILE PHOTO: A…
[ad_1] LONDON/BASRA, Iraq (Reuters) – Talks between Exxon Mobil (XOM.N) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to the oil major’s ambitions to expand in the country. FILE PHOTO: An airplane comes in for a landing above an Exxon sign…
[ad_1] (Reuters) – Procter & Gamble Co agreed to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion) in cash, the companies said on Thursday. FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Thursday to their highest since the end of 2014 as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo…
[ad_1] (Reuters) – Uber Technologies Inc has picked VMware Inc’s (VMW.N) Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company’s initial public offering in 2019, Bloomberg reported on Wednesday. The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico…
[ad_1] (Reuters) – Procter & Gamble Co said on Thursday it has acquired the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion). FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of…
[ad_1] SYDNEY (Reuters) – Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income assets. FILE PHOTO: Market prices are reflected in a glass window at…
[ad_1] HONG KONG (Reuters) – Credit Suisse Group AG (CSGN.S) said on Thursday it has received regulatory approval to launch its wealth management business in the Philippines, allowing the Swiss bank to tap the growing onshore wealth in the Southeast Asian country. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a…
[ad_1] (Reuters) – Credit card issuer American Express Co (AXP.N) easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening U.S. economy contributed to higher customer spending. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Tesla Inc is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay/File Photo The state’s Occupational Safety…
[ad_1] SAN FRANCISCO (Reuters) – If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller. Facebook members outside…
[ad_1] (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc, which agreed in December to sell most of its assets to Walt Disney Co for $52.4 billion, had previously rejected a bid from Comcast Corp over concerns about the regulatory risks and its stock value, a regulatory filing on Wednesday showed. FILE PHOTO: A screen shows…
[ad_1] SYDNEY (Reuters) – Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February…
[ad_1] (Reuters) – Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday. FILE PHOTO: The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman “Qualcomm is conducting a reduction of…
[ad_1] SINGAPORE (Reuters) – Oil prices on Thursday remained close to highs touched the previous day that were last seen in late 2014, buoyed as U.S. crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market. FILE PHOTO: A pump jack is seen at sunrise…
[ad_1] SAN FRANCISCO (Reuters) – If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller. FILE PHOTO: Silhouettes…
[ad_1] WASHINGTON (Reuters) – Time Warner (TWX.N) Chief Executive Jeff Bewkes on Wednesday defended his company’s planned merger with telecoms firm AT&T (T.N) as necessary to compete effectively for advertising with internet giants like Google and Facebook. FILE PHOTO: Time Warner CEO Jeff Bewkes arrives ahead of arguments in the trial to determine if AT&T’s…
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) turned to long-time leader Howard Schultz on Wednesday to make the case that the U.S. coffee chain accused of racial profiling is committed to offering a “safe space” to customers despite the arrest of two black men in one of its Philadelphia cafes. FILE PHOTO: Police officers…
[ad_1] Kinder Morgan’s chief executive told investors on Wednesday afternoon that negotiations with the federal government are underway to strike a deal and salvage the Trans Mountain expansion project, which continues to face opposition from the B.C. government. Prime Minister Justin Trudeau announced on Sunday that his government could offer financial assistance to the Texas-based company…
[ad_1] (Reuters) – Amazon Inc (AMZN.O) said on Wednesday it now has more than 100 million Amazon Prime members globally. FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau Chief Executive officer Jeff Bezos informed shareholders Amazon Music now has tens of millions of…
[ad_1] (Reuters) – Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter. FILE PHOTO – The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman…
[ad_1] (Reuters) – Credit card issuer American Express Co (AXP.N) topped Wall Street targets for quarterly profit and forecast annual earnings at the high end of its expected range as a strengthening U.S. economy contributed to higher customer spending. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New…
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – China’s ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment. FILE PHOTO – Visitors pass in front of the Chinese…
[ad_1] The price of the North American oil benchmark closed above $68 a barrel on Wednesday, the highest level since 2014 as U.S. data showed inventories plunged by more than one million barrels last week. West Texas Intermediate closed at $68.47 US on Wednesday, up $1.95 a barrel. The main catalyst was a report from…
[ad_1] NEW YORK (Reuters) – The S&P 500 eked out a small gain while the Dow ended lower after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes. [ad_2] Source link
[ad_1] (Reuters) – SunPower Corp (SPWR.O) on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports. FILE PHOTO: Production operator John White checks a panel at the SolarWorld solar panel factory in Hillsboro, Oregon, U.S.,…
[ad_1] NEW YORK (Reuters) – Wall Street edged higher in a volatile trading session on Wednesday, with strong gains in the energy index partly offset by weakness in industry sectors such as technology and financials. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 29,…
[ad_1] If you’re a Blue Jays fan, the team’s hot start likely has you excited for the next game. You probably can’t wait to turn on the television and watch Wednesday’s matchup against the Kansas City Royals. If you do, you may be disappointed. The 4 p.m. ET game is one of 25 Major League Baseball contests this year that…
[ad_1] WASHINGTON, (Reuters) – “Robust” business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one big outlier. FILE PHOTO: Construction is seen in downtown Los Angeles, California U.S. November 28,…
[ad_1] (Reuters) – The S&P 500 briefly pared gains and the Dow added to losses on Wednesday after a Federal Reserve report said robust business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth with trade war risks the one big outlier. FILE PHOTO: Traders work…
[ad_1] Cybersecurity continues to be a growing focus and problem in the digital world, and now Stripe is launching a new paid product that it hopes will help its customers better battle one of the bigger side-effects of data breaches: online payment fraud. Today, Stripe is announcing Radar for Fraud Teams, an expansion of its…
[ad_1] (Reuters) – Morgan Stanley (MS.N) reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong. The corporate logo of financial firm Morgan Stanley is pictured on the company’s world…
[ad_1] General Motors has replaced the head of its Cadillac luxury brand, which has struggled for years to compete against German and Japanese luxury automakers in the U.S. The company says Steve Carlisle will replace Johan de Nysschen, who is leaving to pursue other opportunities. Carlisle had been managing director of GM’s Canadian operations. De…
[ad_1] A new poll says more than half of British Columbians now support the Trans Mountain pipeline expansion project, with the number of backers rising even as the provincial government digs in its heels on the battle to stop the project from moving forward. Support for the Kinder Morgan project has risen to 54 per cent…
[ad_1] STRASBOURG (Reuters) – Facebook Inc’s Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans. FILE PHOTO: Facebook CEO Mark Zuckerberg arrives to testify before a Senate Judiciary and Commerce Committees joint…
[ad_1] (Reuters) – Abbott Laboratories’ (ABT.N) just beat expectations for first quarter profits and revenue on Wednesday but stuck to a full-year profit forecast some investors had expected would be raised, sending the healthcare company’s shares lower. FILE PHOTO: An Abbott company logo is pictured at the reception of its office in Mumbai, India, September…
[ad_1] Shares of retailer Roots Corp. were up more than six per cent on Wednesday after the company topped expectations with a profit of $20.8 million in its latest quarter, up from $17.2 million in the same quarter a year earlier. The company says the profit amounted to 50 cents per share for the quarter ended Feb.…
[ad_1] (Reuters) – The benchmark S&P 500 index posted slight gains on Wednesday, helped by gains from industrial and energy stocks, but IBM’s disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Amazon is expanding its dominance globally by giving overseas customers access to more than 45 million items via its app. The online powerhouse also announced Wednesday that it’s teaming with rival Best Buy on new Fire TV Edition smart TVs. Amazon.com Inc.’s “International Shopping” will be available through a mobile browser or app and…
[ad_1] A battle is brewing between two craft beer makers in Toronto over the use of Pearson International’s airport code: YYZ. Bandit Brewery recently got a cease-and-desist letter from Amsterdam Brewing Co. for labelling a beer “YYZ → LAX” (the code for Los Angeles International Airport). “Just because your name is Bandit, doesn’t give you…
[ad_1] The Bank of Canada decided to keep its benchmark interest rate right where it is on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight rate stays at 1.25 per cent. The central bank’s rate impacts rates that Canadians get from retail banks for savings accounts and…
[ad_1] At the Cloud Foundry Summit in Boston, the team behind the U.S. government’s cloud.gov application platform announced that it is now a certified Cloud Foundry platform that is guaranteed to be compatible with other certified providers like Huawei, IBM, Pivotal, SAP and — also starting today — Suse. With this, cloud.gov becomes the first…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Wednesday after the latest batch of earnings including Morgan Stanley (MS.N) added to optimism about the U.S. corporate reporting season, while a jump in oil prices lifted energy stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Cloud Foundry is among the most successful open source project in the enterprise right now. It’s a cloud-agnostic platform-as-a-service offering that helps businesses develop and run their software more efficiently. In many enterprises, it’s now the standard platform for writing new applications. Indeed, half of the Fortune 500 companies now use it in one…
[ad_1] The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72 hour notice of an intent to strike. The Teamsters Canada Rail Conference cites a lack of progress at the bargaining table but says talks are set to resume on Wednesday.…
[ad_1] While smaller companies are seeing a lot of new options for distributed office space, or can pick up a couple offices in a WeWork, eventually they get big enough and have to find a bigger office — but that can end up as one of the weirdest and most annoying challenges for an early-stage…
[ad_1] (Reuters) – Morgan Stanley (MS.N) posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks. The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton – RC1EEC5D8800…
[ad_1] (Reuters) – Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the…
[ad_1] AJ Brustein was out spending time with a member of his merchandising team when a nearby store ran out of stock of some goods — but there was no one on staff responsible for that location. Fortunately, the employee he was with had already showed him how to restock the shelves, and he offered…
[ad_1] (Reuters) – Abbott Laboratories (ABT.N) on Wednesday posted a 16.7 percent rise in quarterly revenue, helped by strong demand for its newer devices. FILE PHOTO: An Abbott company logo is pictured at the reception of its office in Mumbai, India, September 8, 2015. REUTERS/Shailesh Andrade/File Photo Net sales rose to $7.39 billion from $6.34…
[ad_1] LONDON (Reuters) – Global stocks climbed to a near four-week high and Wall Street was gearing up for a positive open on Wednesday as strong U.S. first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump. The German share price index, DAX board, is seen at the…
[ad_1] (Reuters) – Morgan Stanley (MS.N) reported a 40 percent jump in quarterly profit on Wednesday, helped by lower income tax rate and a rise in trading revenue due to increased market volatility. FILE PHOTO: The Morgan Stanley logo is displayed at the post where it is traded on the floor of the New York…
[ad_1] LONDON (Reuters) – Global stocks climbed to their highest in nearly four weeks on Wednesday as strong U.S. first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018.…
[ad_1] FRANKFURT (Reuters) – German prosecutors are investigating current and former employees of Volkswagen-owned sports car maker Porsche, including a management board member, as part of their inquiries into emissions manipulations, they said on Wednesday. FILE PHOTO: The 2019 Porsche 911 GT3 RS is presented at its World Premiere at the New York Auto Show…
[ad_1] BEIJING (Reuters) – China Huarong Asset Management Co Ltd (2799.HK) is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told Reuters. FILE PHOTO – China Huarong Asset Management Co Chairman Lai Xiaomin listens to…
[ad_1] LONDON (Reuters) – Shire (SHP.L), the $47 billion rare disease drugmaker being stalked by Japan’s Takeda Pharmaceutical (4502.T), faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches. FILE PHOTO: CEO of Shire, Dr Flemming Ornskov, poses for a photograph in London, Britain, July 3,…
[ad_1] Canadians shouldn’t be surprised the federal government is considering financial assistance for energy giant Kinder Morgan to build the Trans Mountain expansion pipeline. Ottawa has invested in large oilpatch projects before. But some experts question why the government would back the proposed pipeline in Alberta and B.C., which is hardly as significant as past projects that…
[ad_1] The Bank of Canada isn’t expected to change its benchmark interest rate on Wednesday. But that doesn’t mean it thinks the Canadian economy is chugging along normally. Governor Stephen Poloz and deputy governor Carolyn Wilkins are set to reveal the bank’s latest interest rate policy on Wednesday at 10 a.m. ET. Judging by trading…
[ad_1] LONDON (Reuters) – The Intercontinental Exchange (ICE.N) said on Wednesday it will launch a three-month futures contract based on “Sonia”, the Bank of England’s interest rate benchmark which aims to replace Libor. FILE PHOTO – A screen displays the logo and ticker symbol for Intercontinental Exchange, Inc. on the floor of the New York…
[ad_1] PARIS (Reuters) – European car registrations fell 5.2 percent in March, led by Nissan (7201.T), Ford (F.N) and Fiat Chrysler (FCHA.MI), according to data published on Wednesday by auto industry association ACEA. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015.…
[ad_1] SYDNEY (Reuters) – Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018.…
[ad_1] MENLO PARK, Calif. (Reuters) – Facebook Inc (FB.O) said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union privacy law. FILE PHOTO: Silhouettes of mobile users are seen next…
[ad_1] SHANGHAI (Reuters) – When spirits dealer Daniel Taytslin brought his first pallet of American Ragtime Rye whiskey into Shanghai in early April, the 672 bottles faced a 5 percent import tariff at China’s customs. A man drinks American whiskey at a bar in Shanghai, China, April 6, 2018. Picture taken April 6, 2018. REUTERS/Aly Song His next shipment…
[ad_1] (Reuters) – Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc (VMW.N), CNBC reported on Tuesday. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File Photo Icahn’s stake is said to be below…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that it was expanding a medical transport service called GoRide in Southeast Michigan, one of several efforts by the U.S. automaker to build new ride service businesses around its Transit commercial van. The Ford logo is pictured on the company’s stand during the 88th…
[ad_1] SYDNEY (Reuters) – Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the country’s top financial institutions. A view of a Commonwealth Bank of Australia branch in Sydney, Australia, April 18,…
[ad_1] HONG KONG (Reuters) – Trading in shares of China Huarong Asset Management Co Ltd (2799.HK) and two of its units were suspended on Wednesday after Beijing said it was investigating the chairman of the country’s biggest manager of distressed assets for suspected graft. FILE PHOTO – China Huarong Asset Management Co Chairman Lai Xiaomin…
[ad_1] SYDNEY (Reuters) – Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018.…
[ad_1] BENGALURU (Reuters) – The ongoing trade spat between the world’s two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found. FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou ship from…
[ad_1] (Reuters) – International Business Machines Corp (IBM.N) posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time. FILE PHOTO: A man checks his mobile phone outside IBM’s booth at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo Shares of…
[ad_1] SYDNEY (Reuters) – Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018.…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Chinese smartphone maker ZTE Corp’s U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according to a source. A ZTE smart phone is pictured in this…
[ad_1] NEW YORK (Reuters) – Bankrupt retailer Toys “R” Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said on Tuesday. FILE PHOTO: People pass by Toys R Us store at…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – ZTE Corp may not be able to use Google’s Android operating system in its mobile devices after the U.S. limited ZTE’s access to American suppliers this week, a source familiar with the matter said on Tuesday, potentially adding another drag on U.S. sales for the Chinese firm. A ZTE smart…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc is aiming to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, automotive news website Electrek reported on Tuesday, citing a letter to employees from Chief Executive Elon…
[ad_1] WASHINGTON (Reuters) – DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T (T.N), asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time Warner (TWX.N). FILE PHOTO: A DirecTV satellite dish is seen on…
[ad_1] NEW YORK (Reuters) – Billionaire investor William Ackman, who lost a proxy contest at Automatic Data Processing (ADP.O) last year, said on Tuesday that he wants the human-resources technology company to succeed but said he might be back with a fight if ADP fails to perform. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio…
[ad_1] (Reuters) – Tesla Inc is aiming to produce 6,000 Model 3 cars per week by the end of June to reach its weekly production target of 5,000 after accounting for a margin of error, automotive news website Electrek reported on Tuesday. FILE PHOTO: A Tesla Model 3 is seen in a showroom in Los…
[ad_1] (Reuters) – International Business Machines Corp’s (IBM.N) full-year profit forecast fell short of Wall Street targets on Tuesday, sending the technology company’s shares down as much as 6 percent. FILE PHOTO: A man checks his mobile phone outside IBM’s booth at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo…
[ad_1] (Reuters) – Tesla Inc is aiming to produce 6,000 Model 3 units per week by the end of June to achieve its target of 5,000 units per week after accounting for a margin of error, Electrek reported, citing CEO Elon Musk’s email to employees. FILE PHOTO: A Tesla Model 3 is seen in a…
[ad_1] NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York, U.S., April 17, 2018. REUTERS/Brendan…
[ad_1] NEW YORK (Reuters) – United Airlines (UAL.N) said on Tuesday quarterly profit rose, as higher fares helped offset the costs of fuel and a rash of winter storms. FILE PHOTO: A United Airlines plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake The third-largest…
[ad_1] (Reuters) – International Business Machines Corp (IBM.N) reported a 5 percent rise in first-quarter revenue on Tuesday, benefiting from its shift to cloud computing and security services. FILE PHOTO: A man checks his mobile phone outside IBM’s booth at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo Net profit…
[ad_1] NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York, U.S., April 17, 2018. REUTERS/Brendan…
[ad_1] Christoph Auer-Welsbach Contributor Christoph Auer-Welsbach is an experienced founder, investor and product manager active in the fields of artificial intelligence, blockchain, IoT and web/mobile. He is the co-founder of the global applied AI community City.AI. This year, artificial intelligence will further elevate the enterprise by transforming the way we work, securing digital assets, increasing…
[ad_1] NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, helped by gains in the technology and consumer sectors, while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York,…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores. FILE PHOTO: Women peer inside the closed Center City Starbucks, where two black men were arrested, in Philadelphia, Pennsylvania U.S. April 16, 2018. REUTERS/Mark…
[ad_1] LONDON (Reuters) – “Who’s next?” investors in Russia are asking as they scramble to clear their portfolios of “oligarch risk” – holdings in companies that may be next in line for U.S. sanctions after metals company Rusal was targeted last week. FILE PHOTO: A view shows a tower of the Kremlin (R) and the…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) blew past Wall Street’s expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading. The bank’s bond trading business outperformed, with revenue rising 23 percent in the first quarter. Overall revenue from trading – Goldman’s biggest business –…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores. FILE PHOTO: Women peer inside the closed Center City Starbucks, where two black men were arrested, in Philadelphia, Pennsylvania U.S. April 16, 2018. REUTERS/Mark…
[ad_1] BEIJING/BRUSSELS (Reuters) – China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions. A truck transporting imported raw materials of industrial chemicals is seen at a port…
[ad_1] (Reuters) – U.S. stocks rose about 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] WASHINGTON (Reuters) – In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $10 billion fighter jet deal that had been stalled for more than a year. FILE PHOTO: A U.S. Lockheed C-130J aircraft is seen during the 49th Paris Air…
[ad_1] SAN FRANCISCO (Reuters) – Shares of Twitter Inc (TWTR.N) surged nearly 11 percent on Tuesday and were on track for their best session in two months after Morgan Stanley upgraded its recommendation on the social network to “equal-weight” from “underweight”. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the…
[ad_1] The International Monetary Fund projects moderate economic growth for Canada this year and next, albeit at a pace slower than last year and significantly behind that in the United States. Its World Economic Outlook released Tuesday foresees growth in Canada of 2.1 per cent this year and two per cent next year. That represents…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday dropped Microsoft Corp’s (MSFT.O) privacy fight with the Justice Department over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed legislation that resolved the dispute. Silhouettes of mobile users are seen next to a screen projection of Microsoft logo…
[ad_1] A federal spending watchdog says it could cost federal coffers more than $76 billion a year to provide a national, guaranteed minimum income similar to the one being tested in Ontario. The parliamentary budget officer says the federal government would have to find about $43.1 billion to cover the full cost of the program…
[ad_1] Shares of Tesla Inc. traded lower Tuesday after reports that the company had shut down production of its Model 3 mass-market electric car again to solve manufacturing bottlenecks. The automaker told employees this week there would be a four- or five-day production hiatus. The company says it warned of future production pauses when it…
[ad_1] SAN FRANCISCO (Reuters) – Microsoft, Facebook and more than 30 other global technology companies on Tuesday announced a joint pledge not to assist any government in offensive cyber attacks. Silhouettes of mobile users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration The…
[ad_1] Building conversational interfaces is a hot new area for developers. Chatbots can be a way to reduce friction in websites and apps and to give customers quick answers to commonly asked questions in a conversational framework. Today, Google announced it was making Dialogflow Enterprise Edition generally available. It had previously been in Beta. This…
[ad_1] MOSCOW (Reuters) – Russia’s drive to build a large power-generating turbine to lessen its dependence on Western technology has suffered a major set-back after a prototype broke beyond repair, two sources familiar with the project told Reuters. FILE PHOTO: Russian President Vladimir Putin (3rd L) visits the manufacturing facility of UEC-Saturn engine-building company in…
[ad_1] Iconic coffee and doughnut chain Tim Hortons is moving its headquarters from the Toronto suburbs into the downtown core, in a move aimed at fostering more “collaboration and connectivity,” at the chain. The company made the announcement in a press release Tuesday, that it would move its headquarters from a sprawling location in Oakville, Ont., about…
[ad_1] (Reuters) – Wall Street indexes rose on Tuesday as strong earnings from Netflix, Goldman Sachs and healthcare companies boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan McDermid…
[ad_1] Resy launched in the summer of 2014 with a simple premise: If you want a premium reservation at a restaurant on short notice, you should be able to pay for it. Four years and 160 markets later, Resy has changed a lot since then. But today, the company is about to change things up…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Tuesday as strong earnings from Netflix, Goldman Sachs and health majors boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan…
[ad_1] When you’re raising venture capital, it helps if you’ve had “exits.” In other words, if your company has been acquired or you’ve taken one public, investors are more inclined to take a bet on anything you do. Boston -based serial entrepreneur David Cancel has sold not just one, but four companies. And after a few…
[ad_1] China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its trade dispute with U.S. President Donald Trump as it promotes electric car development. The change would scrap rules that require global automakers to work through state-owned partners, an arrangement that forces them to…
[ad_1] LONDON (Reuters) – Alarm bells are ringing over valuations of the world’s leading technology stocks with worries over regulation causing many investors to cut exposure to the sector, Bank of America Merrill Lynch (BAML)’s April fund manager survey found. FILE PHOTO: A 3D-printed Facebook logo is seen in front of displayed stock graph in…
[ad_1] (Reuters) – Johnson & Johnson (JNJ.N) reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by strong demand for its cancer treatments. The Johnson and Johnson logo is seen at an office building in Singapore January 17, 2018. REUTERS/Thomas White The company’s blockbuster rheumatoid arthritis drug Remicade has come…
[ad_1] (Reuters) – UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, on Tuesday posted quarterly profit that beat estimates as it kept medical costs within expectations despite the added demand for services due to a strong flu season and raised its 2018 outlook. The logo of Down Jones Industrial Average stock market index listed…
[ad_1] LONDON (Reuters) – The world’s biggest tech stocks were investors’ top pick for the third straight month despite mounting worries over regulation, Bank of America Merrill Lynch’s April fund manager survey found on Tuesday. FILE PHOTO: A 3D-printed Facebook logo is seen in front of displayed stock graph in this illustration photo, March 20,…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday as strong earnings from Netflix, Johnson & Johnson and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) reported a 27 percent rise in quarterly profit, driven by a surge in trading amid increased market volatility. A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat Wall Street estimates, fueled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock…
[ad_1] (Reuters) – Johnson & Johnson (JNJ.N) reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by growing demand for its cancer drugs. The Johnson and Johnson logo is seen at an office building in Singapore January 17, 2018. REUTERS/Thomas White J&J’s pharmaceuticals sales rose 3.8 percent to $3.04 billion,…
[ad_1] (Reuters) – Healthcare conglomerate Johnson & Johnson (JNJ.N) on Tuesday posted a 12.6 percent rise in quarterly sales, helped by strong demand for its cancer drugs. The Johnson and Johnson logo is seen at an office building in Singapore January 17, 2018. REUTERS/Thomas White Sales in the first quarter jumped to $20.01 billion from…
[ad_1] GUANGZHOU, China (Reuters) – As Washington and Beijing face off in a simmering trade dispute, Chinese exporters are expressing concerns about an escalation, although many say they expect the worst to be averted as negotiations continue. A visitor takes a photo of Gree’s air conditioners during the China Import and Export Fair, also known…
[ad_1] ZURICH (Reuters) – Swiss food group Nestle (NESN.S) and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday. FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General…
[ad_1] BRUSSELS (Reuters) – Airlines have to pay compensation to passengers for delays caused by wildcat strikes that result from management decisions, the European Union’s top court said on Tuesday. FILE PHOTO: The TUI logo is displayed on a computer screen in London, Britain, October 17, 2017. Picture taken on October 17, 2017. REUTERS/Hannah McKay/File…
[ad_1] SEOUL (Reuters) – Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co’s (GM.N) troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the lender said. An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon,…
[ad_1] LONDON (Reuters) – A gradual return of risk appetite lifted world shares on Tuesday, while there were milestones aplenty as sterling hit a post-Brexit high and U.S. sanctions on Russia drove aluminum prices to a 7-year peak. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March…
[ad_1] SEOUL (Reuters) – Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co’s (GM.N) troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the state-run lender said on Tuesday. An employee works at an assembly line of GM Korea’s Bupyeong…
[ad_1] SHANGHAI/BEIJING (Reuters) – A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE’s phones. A booth of U.S. chipmaker Qualcomm is pictured…
[ad_1] Reports in the business press last week seemed to insist that Canada’s economic future depended solely on emptying out the oilsands through a west coast pipeline. Meanwhile, pipeline opponents insisted the project — agreed upon after long discussion at various levels of government and industry — would severely damage the B.C. environment and contribute to climate collapse. While advocates on both…
[ad_1] LONDON/NEW YORK/HONG KONG (Reuters) – The United States has banned American firms from selling parts to China’s ZTE Corp for seven years, a potentially devastating move for the telecoms equipment maker and exacerbating tensions between the world’s two largest economies. The action, first reported by Reuters, comes at a time when the two countries…
[ad_1] SEOUL (Reuters) – Korea Development Bank (KDB) plans to sign a preliminary deal by April 27 to financially support General Motors’ (GM.N) troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of state-run KDB said on Tuesday. An employee works at an assembly line of GM Korea’s Bupyeong plant…
[ad_1] ZURICH (Reuters) – Swiss food group Nestle (NESN.S) and German grocer Edeka have reached a tentative compromise in their months-long price fight and are now negotiating details of a new contract, Frankfurter Allgemeine Zeitung reported on Tuesday. FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of…
[ad_1] TOKYO (Reuters) – Asia stocks wavered on Tuesday after data showed both hot and cold patches in the Chinese economy, but losses were limited as investors turned their focus to corporate earnings from Syria. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April…
[ad_1] TOKYO (Reuters) – Asia stocks rose modestly on Tuesday following data showing China’s economy grew a little faster than expected in the first quarter. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer The dollar was barely changed, with demand…
[ad_1] SYDNEY (Reuters) – Australia’s largest wealth manager AMP Ltd (AMP.AX) lied to the country’s corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday. The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located…
[ad_1] BEIJING (Reuters) – China’s economy grew 6.8 percent in the first quarter of 2018 from a year earlier, official data showed on Tuesday, slightly above expectations and unchanged from the previous quarter. Workers help to dock a cargo ship at a port in Qingdao, Shandong province, China April 13, 2018. China Daily via REUTERS…
[ad_1] SYDNEY (Reuters) – Australia’s largest wealth manager AMP Ltd (AMP.AX) lied to the country’s corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday. The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located…
[ad_1] (Reuters) – Elon Musk’s Boring Co said on Monday it raised $112.5 million in equity, with 90 percent coming from Musk himself, as the company seeks to build underground tunnels for its hyperloop transportation project. SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket…
[ad_1] TOKYO (Reuters) – Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren’t likely to escalate. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,…
[ad_1] MEXICO CITY (Reuters) – The ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican Economy Minister Ildefonso Guajardo said on Monday. NAFTA banner is pictured inside a hotel where the seventh round of NAFTA talks involving the…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc has temporarily suspended its Model 3 assembly line in what the company said on Monday was a planned production pause, as the automaker continues to face challenges ramping up its new sedan. FILE PHOTO: Robotic arms assemble Tesla’s Model S sedans at the company’s factory in Fremont, California,…
[ad_1] (Reuters) – Tesla Inc on Monday said it was having a planned downtime on the Model 3 production, after a BuzzFeed report said the carmaker had temporarily shut down Model 3 production in the company’s Fremont, California, plant without warning. FILE PHOTO: Robotic arms assemble Tesla’s Model S sedans at the company’s factory in…
[ad_1] (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan on Monday said he expects the U.S. central bank to raise interest rates three times this year and further next year to levels that could put the brakes on U.S. economic growth, but that he does not want to push short-term rates above long-term borrowing…
[ad_1] MEXICO CITY (Reuters) – Mexican Economy Minister Ildefonso Guajardo said on Monday that he was discussing a possible Thursday meeting in Washington with his NAFTA counterparts, Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer. NAFTA banner is pictured inside a hotel where the seventh round of NAFTA talks involving the United…
[ad_1] (Reuters) – Elon Musk’s Boring Company has raised $112.5 million in equity, the firm said in a regulatory filing on Monday, as it seeks to build underground tunnels for its hyperloop transportation project. SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the…
[ad_1] (Reuters) – Netflix Inc’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer’s massive spending will fuel growth around the world. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S.,…
[ad_1] NEW YORK (Reuters) – The biggest stock-picking fund at BlackRock Inc raised its bet on Facebook Inc in March, a source familiar with the matter said, making the social media company a top 10 equity holding and apparently betting that Facebook’s privacy scandal will not weigh on the stock for long. Silhouettes of laptop…
[ad_1] Alberta’s minister of energy will have sweeping discretionary powers to limit exports of crude, natural gas and gasoline to B.C. under much-anticipated legislation introduced Monday. Bill 12, titled Preserving Canada’s Economic Prosperity Act, gives the Alberta government the ability to retaliate against the B.C. government for any delays to the Trans Mountain pipeline expansion,…
[ad_1] Pluralsight, the Utah-based education technology company, has revealed its IPO filing. Given the timing of the unveiling, the company is likely targeting a May public debut. Its core business is online software development courses, helping people improve their skills in categories like IT, data and security. Businesses small and large pay Pluralsight to help train…
[ad_1] (Reuters) – Netflix Inc’s blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer’s massive spending will fuel growth around the world. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S.,…
[ad_1] (Reuters) – Canadian athletic wear maker Lululemon Athletica (LULU.O) on Monday named Patrick Guido as its chief financial officer. FILE PHOTO: People walk past a store by yogawear retailer Lululemon Athletica in New York City, U.S., March 30, 2017. REUTERS/Brendan McDermid/File Photo Guido, who joins from apparel maker VF Corp (VFC.N), will join Lululemon…
[ad_1] NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about U.S.-led missile attacks in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10,…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) added more international subscribers than expected in the first quarter as a slate of original shows including “Altered Carbon” kept viewers hooked to the video streaming service provider. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike…
[ad_1] (Reuters) – Shares of U.S. drug suppliers rose on Monday after a report that Amazon.com Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer. FILE PHOTO: The logo of Amazon.com Inc is seen in Sao…
[ad_1] BOSTON (Reuters) – Well known U.S. activist investors including Nelson Peltz and William Ackman took a hit from the first-quarter U.S. stock market slump, with their funds losing money while some smaller players delivered gains. Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California…
[ad_1] NEW YORK (Reuters) – Shares of Allegiant Travel Co (ALGT.O), the parent company of Allegiant Air, fell sharply in Monday afternoon trading, following a segment on CBS’ “60 Minutes” that alleged the airline suffered a high number of mechanical problems. An Allegiant Air MD-83 passenger jet takes off from the Monterey airport in Monterey,…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Defense on Monday updated its request for proposals from potential bidders on a $10 billion project for cloud computing services, in a deal that has been closely watched because Amazon.com Inc (AMZN.O) has been considered to be a top contender. FILE PHOTO: An aerial view of the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said he would nominate Richard Clarida, an economist who advises fund manager Pimco, and Michelle Bowman, a Kansas banking regulator, for two key positions at the U.S. Federal Reserve. FILE PHOTO: A contender to be named vice chair of the U.S. Federal Reserve, Richard Clarida,…
[ad_1] A new poll suggests a growing proportion of Canadians say they are feeling the affects of higher interest rates. The quarterly MNP consumer debt index survey says 43 per cent of Canadians say they’re feeling the effects of higher interest rates, up five percentage points from three months ago. The poll done for insolvency…
[ad_1] (Reuters) – U.S. stocks rose on Monday, with technology and healthcare shares leading the way as investors appeared less concerned about possible retaliation for the U.S.-led missile attack in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The weekend’s air…
[ad_1] WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) plans to start selling U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker said on Monday, potentially preventing thousands of accidents annually. Toyota Motor’s logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017.…
[ad_1] The developer of the Keystone XL pipeline plans to meet with landowners along its planned route through Nebraska this week and will start surveying for the project in Nebraska, South Dakota and Montana. TransCanada Inc. spokesman Matt John said Monday that the company will visit all landowners along the proposed route with financial offers.…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV (SLB.N), the world’s largest oilfield services provider. The exterior of the Schlumberger Corporation headquarters building…
[ad_1] SAN FRANCISCO (Reuters) – Google told Reuters Monday it would resume accepting ads from U.S. addiction treatment centers in July, nearly a year after the Alphabet Inc (GOOGL.O) unit suspended the lucrative category of advertisers for numerous deceptive and misleading ads. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to…
[ad_1] LONDON (Reuters) – WPP (WPP.L) entered uncharted territory on Monday after the exit of founder Martin Sorrell left the world’s biggest advertising company rudderless at a time of intense industry change. Shares in WPP fell 6 percent after Sorrell, the driving force behind 33 years of dealmaking and relentless expansion, stepped down on Saturday…
[ad_1] MUNICH (Reuters) – Volkswagen (VOWG_p.DE) is open to buying a majority stake in U.S. truckmaker Navistar “at some point,” it said on Monday, as the German automaker prepares its trucks business for a possible stock market listing that could help raise funds to expand. FILE PHOTO: A VW sign is seen outside a Volkswagen…
[ad_1] PARIS (Reuters) – The French government is building its own encrypted messenger service to ease fears that foreign entities could spy on private conversations between top officials, the digital ministry said on Monday. FILE PHOTO: French President Emmanuel Macron (R) and Prime Minister Edouard Philippe (L) use their smartphones after a family photo after…
[ad_1] HOUSTON (Reuters) – Billionaire activist investor Carl Icahn nominated a five-person slate of his employees and business associates to replace the SandRidge Energy Inc (SD.N) board of directors on Monday, escalating his fight for control of the U.S. shale oil producer. Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto…
[ad_1] Licensed medical marijuana producer Aphria Inc. reported a $12.9-million profit in its latest quarter, boosted by the sale of some of its shares in U.S. company Liberty Health Sciences. The company says the profit amounted to eight cents per share for the quarter ended Feb. 28 compared with a profit of nearly $5 million…
[ad_1] (Reuters) – U.S. stocks rose on Monday on waning fears that the weekend’s U.S.-led missile attack on Syria would escalate into a broader conflict and a rise in healthcare shares after Merck’s positive update on a cancer drug. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S.,…
[ad_1] Rogers Communications Inc. says it expects to test new high-speed 5G wireless networks in Toronto, Ottawa and other select cities over the next year. The company says it’s working with Swedish telecommunications giant Ericsson in a multi-year network plan. Rogers is using the Rogers Centre, home to the Toronto Blue Jays, as a 5G…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the…
[ad_1] More devices are coming onto the Internet every single day, and that’s especially true within organizations that have a fleet of devices with access to sensitive data — which means there are even more holes for potential security breaches. That’s the goal of Kolide. The aim is to ensure that companies have access to…
[ad_1] (Reuters) – U.S. stocks opened higher on Monday as investors bet the weekend’s U.S.-led missile attack on Syria would not escalate into a broader conflict, while turning their focus to the earnings season. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid…
[ad_1] About two dozen chanting protesters took over a Starbucks in Philadelphia on Monday, days after two black men were arrested when store employees called 911 to say they were trespassing. “We don’t want this Starbucks to make any money today. That’s our goal,” said Abdul-Aliy Muhammad, one of the protest’s organizers and co-founder of the Black and…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials told Reuters. Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials told Reuters. Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World…
[ad_1] MILAN (Reuters) – Sky’s (SKYB.L) Italian unit said on Monday a Milan court had suspended the tender for TV rights of Italy’s top flight Serie A soccer matches put on sale by Spain’s Mediapro until May 4. Sky logo is seen at the exterior of the Sky Italia buildings on the outskirts of Milan,…
[ad_1] (Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits. FILE PHOTO: A Bank of America sign is displayed outside a branch in Tucson, Arizona January 21, 2011. REUTERS/Joshua Lott/File…
[ad_1] (Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc (TPCA.PK) in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Monday. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business…
[ad_1] SHANGHAI (Reuters) – China’s planned tariffs on U.S. business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai on Monday. A General Dynamics sign is shown at the International Association of Chiefs of Police conference in…
[ad_1] (Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth. FILE PHOTO: A Bank of America sign is displayed outside a branch in Tucson, Arizona January 21, 2011. REUTERS/Joshua Lott/File Photo The second-largest U.S. bank by assets said…
[ad_1] LOS ANGELES (Reuters) – Domino’s Pizza Inc (DPZ.N) is ramping up the food delivery wars, adding online ordering for more than 150,000 new delivery “hotspots” at U.S. parks, beaches and other destinations that do not have traditional addresses. FILE PHOTO: People pass by a Domino’s Pizza restaurant in New York City, U.S., May 25,…
[ad_1] LONDON (Reuters) – Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo The…
[ad_1] LONDON (Reuters) – Oil prices fell sharply and government bond yields rose on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March…
[ad_1] SINGAPORE (Reuters) – Malaysia’s AirAsia X Bhd (AIRX.KL) has no plans to buy the Airbus SE (AIR.PA) A350 widebody jet, the airline’s co-group CEO said on Monday, despite the airline having 10 of them on order. A Scoot airplane takes off past an Airasia airplane at Changi Airport Terminal 4 in Singapore, April 3,…
[ad_1] LONDON (Reuters) – Investors shed safe-haven assets such as gold and government bonds while oil prices plummeted on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict there. FILE PHOTO: The German share price index, DAX board, is seen at the…
[ad_1] LONDON (Reuters) – Shares in WPP fell 4 percent at the open on Monday after Chief Executive and founder Martin Sorrell quit, leaving the group without a boss at a time of huge change in the industry. FILE PHOTO: Martin Sorrell, chairman and chief executive officer of WPP, the world’s largest advertising company, speaks…
[ad_1] As Toronto sports fans starve for affordable tickets to Maple Leafs and Raptors playoff games, a CBC/Toronto Star investigation has learned the teams’ owners are trying to get in on the profits being made by professional scalpers. Maple Leafs Sports and Entertainment has identified hundreds of hockey and basketball season ticket holders who are making…
[ad_1] BEIJING (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors (NXPI.O), sources said, giving regulators more time to decide on the deal and averting a collapse. FILE PHOTO: A sign on the Qualcomm campus is seen…
[ad_1] LONDON (Reuters) – Shire (SHP.L), the London-listed rare diseases specialist that is a potential takeover target for Japan’s Takeda Pharmaceutical (4502.T), is selling its oncology business to unlisted French drugmaker Servier for $2.4 billion. FILE PHOTO: Vitamins made by Shire are displayed at a chemist’s in northwest London, Britain, July 11, 2014. REUTERS/Suzanne Plunkett/File…
[ad_1] SINGAPORE (Reuters) – Oil fell 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in U.S. drilling for new production also dragged on prices. 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) – U.S. stock futures firmed and oil fell on Monday as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian markets turned mixed as selling in bank shares slugged Chinese indexes. A man looks at an electronic stock quotation board outside a brokerage in…
[ad_1] NEW YORK (Reuters) – A $117 million verdict against Johnson & Johnson (JNJ.N) and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J’s Baby Powder could open a new front for thousands of cases claiming the widely-used product caused cancer, legal experts and plaintiffs…
[ad_1] SYDNEY (Reuters) – Asian share markets were mixed and oil prices fell on Monday as relief U.S.-led strikes on Syria looked unlikely to escalate was tempered by concerns at Russia’s potential reaction to new sanctions from Washington. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9,…
[ad_1] SEOUL (Reuters) – South Korea’s finance minister said on Monday that public funds could only be used to support the South Korean auto unit of General Motors Co (GM.N) if it was clear that the business could survive on its own long-term. FILE PHOTO: Employees work at an assembly line of GM Korea’s Bupyeong…
[ad_1] NEW YORK (Reuters) – Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission. FILE PHOTO – The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June…
[ad_1] (Reuters) – A lawsuit is alleging that Xerox Corp (XRX.N) Chief Executive Officer Jeff Jacobson pursued a deal with Fujifilm Holdings Corp (4901.T), even after Xerox’s board advised him to halt negotiations, the Wall Street Journal reported on Sunday. FILE PHOTO – Xerox chief executive officer, Jeff Jacobson, takes part in an interview on…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the weekend, and as American drilling for new production continued to rise. FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo The…
[ad_1] NEW YORK (Reuters) – Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission. FILE PHOTO – The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June…
[ad_1] SYDNEY (Reuters) – Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that avoided a direct confrontation with Russia, weighing on oil prices and safe-haven Treasuries. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9,…
[ad_1] LONDON (Reuters) – WPP (WPP.L), the world’s biggest advertising company, will head into uncharted territory on Monday when it starts life without its founder Martin Sorrell, whose departure has left it rudderless at a time of swirling industry change. FILE PHOTO: Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends…
[ad_1] (Reuters) – A unit of U.S. activist hedge fund Elliott Management said it now held the largest stake in Whitbread Plc (WTB.L), making it the second activist in recent months to draw attention to Britain’s biggest hotel and coffee-shop operator. FILE PHOTO – A cup of espresso is pictured on a table at a…
[ad_1] LONDON/NEW YORK (Reuters) – Gold and oil traded slightly lower as markets opened for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to experience big losses unless the West strikes again or Russia retaliates. FILE PHOTO: A Syrian firefighter is seen inside the destroyed Scientific Research…
[ad_1] NEW YORK (Reuters) – U.S. equity index futures rose on Sunday as financial market trading resumed for the first time since the United States, Britain and France hit Syria with missile strikes in retaliation for a suspected poison gas attack. FILE PHOTO – A specialist trader works at his post on the floor of…
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday. A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid…
[ad_1] Prime Minister Justin Trudeau said his government has the authority to ensure the Trans Mountain pipeline is built and is taking the financial and legislative actions needed to make it happen. “I have instructed the minister of finance to initiate formal financial discussions with Kinder Morgan, the result of which will be to remove…
[ad_1] <a href=”https://twitter.com/Starbucks?ref_src=twsrc%5Etfw”>@Starbucks</a> The police were called because these men hadn’t ordered anything. They were waiting for a friend to show up, who did as they were taken out in handcuffs for doing nothing. All the other white ppl are wondering why it’s never happened to us when we do the same thing. <a href=”https://t.co/0U4Pzs55Ci”>pic.twitter.com/0U4Pzs55Ci</a>…
[ad_1] After nearly a decade since the last major oil pipeline was built, and with existing ones brimming with crude, Canada’s energy industry is wondering when and if any new lifelines to foreign markets will go into the ground. Those concerns were heightened last week after Kinder Morgan effectively put its Trans Mountain expansion project…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday. FILE PHOTO: A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File…
[ad_1] POTSDAM, Germany (Reuters) – Germany’s public sector unions and employers said they made progress on Sunday during a third round of wage talks, following warning strikes by than 150,000 union members last week. FILE PHOTO: Members of German public sector workers union Verdi stage a strike at the airport in demand for higher wages…
[ad_1] LONDON (Reuters) – Gold and oil will extend their gains on Monday, albeit modestly, when markets open for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to suffer big losses unless the West strikes again or Russia retaliates. FILE PHOTO: A Syrian firefighter is seen inside…
[ad_1] LONDON (Reuters) – Martin Sorrell’s sudden exit from WPP marks a shocking end to the career of a chief executive who through sheer force of personality made it the world’s biggest advertising firm. [ad_2] Source link
[ad_1] LONDON (Reuters) – Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on Syria but equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates. FILE PHOTO: A Syrian firefighter…
[ad_1] WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses. FILE PHOTO: The South Dakota state capitol building is seen in Pierre, South Dakota, U.S., February 7, 2018. REUTERS/Lawrence…
[ad_1] SAN FRANCISCO (Reuters) – Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world’s largest social network tracks people whether they have accounts or not. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a joint Senate Judiciary…
[ad_1] BERLIN (Reuters) – The head of Germany’s public sector union said he was upbeat about reaching a compromise with employers in a third round of wage talks due to begin on Sunday, after a week of strikes by more than 150,000 union members. FILE PHOTO: Members of German public sector workers union Verdi stage…
[ad_1] Thieves continue to steal hundreds of thousands of PC Optimum rewards points, and some members have had the misfortune of being hit twice. The reason? A glitch in the program’s system allowed a thief to stay in a member’s online account even after the initial theft was discovered and the password reset. “How secure is their program?”…
[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. Husband racks up pre-divorce debt Banks can increase your credit limit — and you may not even know it. An Ontario woman says the joint line of credit she signed…
[ad_1] (Reuters) – Starbucks Chief Executive Kevin Johnson apologized late on Saturday for the arrests of two black men at a Philadelphia coffee shop last week, which sparked accusations of racial profiling. Starbucks COO Kevin Johnson delivers remarks at the Starbucks 2016 Investor Day in Manhattan, New York, U.S., December 7, 2016. REUTERS/Andrew Kelly Promising…
[ad_1] SCHROBENHAUSEN, Germany (Reuters) – Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades. Thomas Bauer, CEO of Bavaria-based construction equipment maker Bauer AG, talks during an interview with Reuters in Schrobenhausen, Germany April 3, 2018. REUTERS/Michael Dalder The Bavaria-based…
[ad_1] LIMA/MEXICO (Reuters) – The United States, Mexico and Canada will expedite NAFTA talks in a push to reach a deal in coming weeks, Mexico’s president said on Saturday after a meeting with the U.S. vice president and Canadian prime minister. The flags of Canada, Mexico and the U.S. are seen on a lectern before…
[ad_1] LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit on Saturday after an allegation of personal misconduct. FILE PHOTO: Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File…
[ad_1] Efforts to see the Trans Mountain pipeline through to completion are not about punishing people from B.C., but about ensuring a project in the national interest gets built, Prime Minister Justin Trudeau said Saturday at the close of the Summit of the Americas in Lima. “This is not about punishing British Columbians, this is not…
[ad_1] (Reuters) – Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote against the re-election of five Equifax Inc (EFX.N) directors who served on the company’s audit and technology committees prior to a 2017 data breach. Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell…
[ad_1] LONDON (Reuters) – Martin Sorrell said on Saturday that he was stepping down as head of the British-based global advertising agency WPP (WPP.L). FILE PHOTO: Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Photo In a letter to…
[ad_1] As donations from an online fundraising campaign for the Humboldt Broncos surpass $11 million, people are thinking about where that money will go and how it can best be used to help the families of those killed in the April 6 bus crash, as well as rebuild the lives of those who were injured. Although…
[ad_1] (Reuters) – Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U.S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File…
[ad_1] BERLIN (Reuters) – German Interior Minister Horst Seehofer said on Saturday he would press for “reasonable results” in the next round of pay talks with more than two million public sector workers, but he rejected the Verdi union’s demand for a six percent increase. FILE PHOTO: German Chancellor Angela Merkel, Justice Minister Katarina Barley…
[ad_1] An Ottawa-based grocery chain believes the moment has come for its long-standing formula of fresh, local and prepared products, and it’s launched into major markets, going head-to-head with the industry’s giants. If nothing else, Farm Boy is showing nerve and daring as it expands in a sector that is itself bracing for Amazon’s entry…
[ad_1] It is precisely the kind of thing that keeps the big banks up at night: the Wall Street Journal reported this week that PayPal is quietly piloting a program that would allow users to open traditional chequing accounts. The online payment processing firm is one of a few technology companies thinking about getting into the banking business with a…
[ad_1] (Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the recent sell-off in the high-flying group. FILE PHOTO: Traders work on the floor of the New York Stock Exchange,…
[ad_1] NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with new accounting standards. FILE PHOTO:…
[ad_1] (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the…
[ad_1] MEXICO CITY/WASHINGTON (Reuters) – U.S. trade negotiators have significantly softened their demands to increase regional automotive content under a reworked NAFTA trade pact in an effort to move more quickly towards a deal in the next few weeks, auto industry executives said on Friday. FILE PHOTO: Eduardo Solis, President of the Mexican Automotive Industry…
[ad_1] (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the…
[ad_1] (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation for 2017 rose 53.5 percent to $8.9 million, a regulatory filing showed on Friday. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and protection of user data on Capitol Hill in Washington, U.S.,…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve on Friday proposed revising bank regulatory capital rules to ease the impact of new international accounting standards for credit losses. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo In June 2016, the Financial Accounting Standards Board issued a new accounting standard…
[ad_1] NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday it will take a charge of $4.24 billion in the first quarter and reduce earnings over the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with…
[ad_1] Canadian and U.S. marijuana stocks are riding high on news that President Donald Trump will support congressional efforts to protect states that have legalized cannabis, which is illegal south of the border under federal law. Licensed producer Aphria Inc.’s stock rose nearly 15 per cent to close at $11.40 on the Toronto Stock Exchange…
[ad_1] NEW YORK (Reuters) – Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File Photo…
[ad_1] NEW YORK (Reuters) – Financial stocks led a drop on Wall Street on Friday as results from big banks failed to provide enthusiasm and fear of broader conflict in Syria further unnerved investors. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File…
[ad_1] NEW YORK (Reuters) – Financial stocks led a drop on Wall Street on Friday, as results from big banks failed to enthuse and geopolitical tensions in Syria and Russia further unnerved investors. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File Photo…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and…
[ad_1] (Reuters) – Bratz doll maker MGA Entertainment said on Friday its billionaire founder and chief executive, Isaac Larian, had made an $890 million bid for Toys ‘R’ Us stores in the United States and Canada. A closed Toys ‘R’ Us store is seen near York, Britain March 21, 2018. REUTERS/Phil Noble – RC13E011A2C0 Larian…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside…
[ad_1] NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) believes the U.S. government, rather than banks, should set rules to promote gun safety, its finance chief said on Friday. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S., February 10, 2015. REUTERS/Jim Young/File Photo The No. 3…
[ad_1] (Reuters) – Banks led a drop in U.S. stocks on Friday, as results from big lenders including JPMorgan failed to enthuse investors keeping a wary eye on Russia’s plan to consider banning some U.S. imports. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018.…
[ad_1] NEW YORK (Reuters) – Banks have not yet reaped the full benefit of U.S. tax cuts, Wall Street executives said on Friday after a string of quarterly results, tempering earlier expectations that lower rates would quickly create an investment boom and stimulate business growth. Lower Manhattan including the financial district is pictured from the…
[ad_1] Zuroa’s founder and CEO Tien Tzuo had a vision of a subscription economy long before most people ever considered the notion. He knew that for companies to succeed with subscriptions, they needed a bookkeeping system that understood how they collected and reported money. The company went public yesterday, another clear sign post on the…
[ad_1] A U.S. investor of Aeroplan operator Aimia Inc. says it plans to vote against the re-election of the company’s board of director nominees at this month’s annual meeting. 22NW Fund LP of Seattle blames the loyalty rewards company’s poor performance and plummeting share price directly on the board’s actions, including the “botched” Air Canada…
[ad_1] (Reuters) – Citigroup Inc (C.N) reported a higher-than-expected quarterly profit on Friday, driven by strength in its consumer banking business and a surge in equities trading. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo Global consumer banking revenue…
[ad_1] The federal government is prepared to consider assuming some of the financial risks as a solution to the Trans Mountain pipeline expansion feud. Kinder Morgan issued an ultimatum on Sunday, saying the company would cease all non-essential spending on the project until it gets more clarity from the provinces and federal government. The company cited…
[ad_1] The head of U.S. toy company MGA Entertainment Inc. revealed Friday that he has made a formal bid to acquire the Toys “R” Us stores in both Canada and the United States. In a release, Isaac Larian, the CEO of MGA Entertainment, said the bid is for $675 million US to buy the U.S stores, and $215…
[ad_1] (Reuters) – Two U.S. regulators have proposed Wells Fargo & Co (WFC.N) pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File…
[ad_1] WOLFSBURG/BERLIN, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess embarked on the most far-reaching shake-up in the carmaker’s history on Friday, seeking to unite a company whose feuding factions have often slowed reform. At a news conference at Volkswagen (VW) group headquarters, Diess sought to play down the extent of planned changes,…
[ad_1] Tesla Inc. will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire chief executive Elon Musk said on Friday, driving shares in the electric carmaker up. Tesla has already sought this month to play down Wall Street speculation that it would…
[ad_1] (Reuters) – Wall Street major indexes fell on Friday morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in financial stocks. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File Photo JPMorgan dropped 1.7…
[ad_1] (Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from stock trading and higher interest rates. FILE PHOTO: People walk inside JP Morgan headquarters in New York, U.S., October 25, 2013. REUTERS/Eduardo Munoz/File Photo Investment banking revenue…
[ad_1] WOLFSBURG/BERLIN, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess embarked on the most far-reaching shake-up in the carmaker’s history on Friday, seeking to unite a company whose feuding factions have often slowed reform. Diess answered questions at VW group headquarters in the German town of Wolfsburg, saying he will pool the company’s…
[ad_1] The average price of a Canadian home sold last month was just over $491,000, a 10 per cent drop in the past year. The Canadian Real Estate Association said Friday that the number of homes sold also plunged, by almost a quarter from the same month a year ago, which was the best March…
[ad_1] While companies’ operations become increasingly fragmented into a wide variety of different spots — especially if they exist somewhere in a group of different cloud tools — making sure those operations are still healthy has become more and more critical. And for companies whose lifeblood is directly keeping that software online longer, it’s even…
[ad_1] (Reuters) – Silicon valley billionaire Elon Musk said on Friday his Tesla Inc (TSLA.O) company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter. FILE PHOTO: A Tesla dealership is seen in West Drayton, just…
[ad_1] (Reuters) – Regulators have offered Wells Fargo & Co (WFC.N) a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said in its first quarter results on Friday. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of…
[ad_1] (Reuters) – Citigroup Inc (C.N) reported a higher-than-expected quarterly profit on Friday, driven by lower taxes and higher consumer banking revenue. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo The fourth-biggest U.S. bank by assets said net income…
[ad_1] (Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from U.S. corporate tax changes and higher interest rates. FILE PHOTO: People walk inside JP Morgan headquarters in New York, U.S., October 25, 2013. REUTERS/Eduardo Munoz/File Photo Revenue…
[ad_1] LONDON (Reuters) – World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as investors seemed to shrug off uncertainty over tension in the Middle East and the prospect of a global trade war. The German share price index, DAX board, is seen at…
[ad_1] (Reuters) – JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a 35 percent surge in quarterly profit on Friday, helped by higher interest rates for loans and lower taxes. FILE PHOTO: People walk inside JP Morgan headquarters in New York, U.S., October 25, 2013. REUTERS/Eduardo Munoz/File Photo The bank’s net…
[ad_1] DETROIT/SEOUL (Reuters) – General Motors Co’s (GM.N) president said common ground must be reached on a long-term financial restructuring of GM’s South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection. FILE PHOTO: General Motors President Dan Ammann speaks during GM’s press conference at the…
[ad_1] LONDON (Reuters) – The London Stock Exchange (LSE.L) named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday, with an initial challenge of helping the 300-year-old institution to navigate Brexit. The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Analysts expressed relief…
[ad_1] WASHINGTON/TOKYO (Reuters) – U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered “substantially better” terms than those provided under previous negotiations. His comments, made on Twitter late Thursday, came only hours after he had…
[ad_1] SINGAPORE (Reuters) – Singapore’s competition watchdog on Friday outlined a set of interim measures for ride-hailing firms Grab and Uber Technologies to ensure an open market as it continued its investigation into their merger in the city-state. FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo…
[ad_1] LONDON (Reuters) – World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war. The German share price index, DAX board, is seen…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said he will consider asset sales and seeks to turn the multi-brand conglomerate into a slimmed down company with strong brands. Herbert Diess, Volkswagen’s new CEO addresses the media during a news conference at the Volkswagen plant in Wolfsburg, Germany April…
[ad_1] FRANKFURT/NEW YORK (Reuters) – Generic drug maker Mylan (MYL.O) is in advanced discussions to acquire Merck KGaA’s (MRCG.DE) consumer health unit after other bidders failed to meet the German company’s price expectations, people familiar with the matter said. FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) top labor representative has backed the company’s management shake-up, signaling that new CEO Herbert Diess could face less resistance in his efforts to revamp Europe’s biggest carmaker than in his previous role. FILE PHOTO: German carmaker Volkswagen board member Herbert Diess attends the company’s annual news conference in Wolfsburg,…
[ad_1] With a wave of renewable energy development arriving in Alberta, the province is examining ways to strengthen protections for landowners that allow wind and solar development on their property. The province has had renewable energy projects — such as wind turbines — since the 1990s, but landowner advocates have long complained that some of the…
[ad_1] DONGGUAN, China (Reuters) – Allan Chau, the general manager of a Chinese factory making precision metal parts for U.S. customers, is still calling it a “proposed” trade war, but that hasn’t stopped him from planning for the worst. A worker checks tailor-made magnetic stainless steel inside a factory in Dongguan, China April 10, 2018.…
[ad_1] BEIJING (Reuters) – Ford Motor Co’s sales in China fell 11 percent in March from a year earlier to 83,666 vehicles, as its business in the world’s biggest auto market remains hampered by a dearth of fresh products. A woman looks at Ford cars at a dealer shop in Shanghai, China April 5, 2018.…
[ad_1] (Reuters) – London Stock Exchange Group Plc (LSE.L) said it appointed Goldman Sachs’ (GS.N) David Schwimmer as chief executive officer effective Aug. 1. The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Schwimmer has been with Goldman for 20 years and most recently served…
[ad_1] BERLIN (Reuters) – Deutsche Bank’s (DBKGn.DE) sudden change in chief executive could prolong the lender’s restructuring, ratings agency Standard & Poor’s (S&P) said as it placed the bank on “credit watch negative” late on Thursday. FILE PHOTO: Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2,…
[ad_1] SINGAPORE (Reuters) – Singapore’s competition watchdog on Friday outlined a number of interim measures as it continued investigation into ride-hailing firm Grab’s deal to buy Uber Technologies’ business in the city-state. FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo The Competition and Consumer Commission of…
[ad_1] ISLAMABAD (Reuters) – A pledge by Pakistan’s ruling party to end electricity outages ahead of a general election in mid-2018 is being undermined by the possibility of further delays in new power plants that run on General Electric’s flagship gas turbines. A man uses a piece of paper to fan himseld during a power…
[ad_1] KANE COUNTY, Ill. (Reuters) – Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month – after the seller raised the price 5 percent in a day. Illinois grain farmer Lucas Strom checks on his tractor inside his barn in…
[ad_1] NEW YORK (Reuters) – Investors are optimistic that a pickup in corporate acquisitions stands to support the volatile U.S. stock market, and does not represent a worrisome cyclical sign. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. REUTERS/Brendan McDermid Global mergers and acquisitions…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday ordered the creation of a task force to study the U.S. Postal Service and its financial difficulties, after recently claiming without evidence that deliveries for Amazon.com Inc (AMZN.O) were costing the service money. U.S. postal service trucks sit parked at the post office in Del…
[ad_1] TOKYO/SYDNEY (Reuters) – Asia stocks pared early gains on Friday as caution crept in ahead of the U.S. earnings season and as investors weighed the possible impact on global growth from a tariff spat between the United States and China. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation…
[ad_1] (Reuters) – President Donald Trump said late on Thursday he would only consider joining the landmark Trans-Pacific Partnership trade agreement if it were a “substantially better” deal than the one offered to President Barack Obama. U.S. President Donald Trump speaks during a meeting with governors and members of Congress at the White House in…
[ad_1] DETROIT/SEOUL (Reuters) – General Motors Co’s (GM.N) president said common ground must be reached on a long-term financial restructuring of GM’s South Korean auto unit by April 20 and if there was none, the operation would likely seek bankruptcy protection. FILE PHOTO: General Motors President Dan Ammann speaks during GM’s press conference at the…
[ad_1] The federal government says it’s looking into concerns raised by some Tim Hortons franchisees about the potential violation of terms Ottawa placed on a deal that saw their parent company taken over by a Brazilian firm. A spokesperson for Innovation Minister Navdeep Bains said the government will investigate allegations made by a dissident group…
[ad_1] WASHINGTON (Reuters) – AT&T’s (T.N) proposed merger with Time Warner Inc (TWX.N) would save consumers money because the marriage of a pay-TV provider with a movie and TV giant would create a more efficient company, an economist testifying for AT&T said in court on Thursday FILE PHOTO – An AT&T logo is seen at…
[ad_1] TOKYO (Reuters) – Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took center stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation board outside a brokerage in…
[ad_1] (Reuters) – A U.S. judge in Philadelphia has ruled that limousine drivers for Uber Technologies Inc [UBER.UL] are independent contractors and not the company’s employees under federal law, the first ruling of its kind on a crucial issue for the ride-hailing company. FILE PHOTO: The Uber logo is seen on a screen in Singapore…
[ad_1] NEW YORK (Reuters) – U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries. The S&P 500 has now recouped nearly all its losses from earlier this year. Trump said in…
[ad_1] NEW YORK (Reuters) – Deadly crashes involving Tesla Inc (TSLA.O) and Uber Technologies [UBER.UL] vehicles operating entirely or in part under automated systems have made a once-abstract problem very real for auto industry lawyers gathered at a recent conference. A Tesla charging station is seen in Salt Lake City, Utah, U.S. September 28, 2017.…
[ad_1] LONDON/STOCKHOLM (Reuters) – Spotify (SPOT.N), the world’s largest music streaming service, said on Thursday it is to buy Loudr.fm, a San Francisco-based provider of licensing technology to help it to locate songwriters and pay them royalties they are due. FILE PHOTO: The Spotify logo hangs on the facade of the New York Stock Exchange…
[ad_1] (Reuters) – Chipmaker Broadcom Inc (AVGO.O) said on Thursday it would buy back up to $12 billion of its common stock, sending its shares up 4.5 percent to $250 in extended trading. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017.…
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) plans to vote against four board nominees proposed by USG Corp (USG.N), giving a boost to a $5.9 billion takeover bid by German’s Gebr Knauf AG that the building products company had rejected. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the…
[ad_1] WASHINGTON (Reuters) – Tesla Inc lashed out at the National Transportation Safety Board on Thursday after the agency took the unusual step of removing the automaker as a party to its investigation of a fatal crash in March in which a Tesla vehicle’s “Autopilot” system was in use. FILE PHOTO: Rescue workers attend the…
[ad_1] (Reuters) – Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters. FILE PHOTO: An exterior of the SpaceX headquarters in Hawthorne, California May 29, 2014. REUTERS/Mario Anzuoni New articles of incorporation filed by the company…
[ad_1] U.S. President Donald Trump has asked trade officials to explore the possibility of the United States rejoining negotiations on the Pacific Rim agreement after he pulled out last year as part of his “America first” agenda. Farm-state lawmakers said Thursday after a White House meeting with Trump that he had given that assignment to…
[ad_1] Subscription biller Zuora was well-received by stock market investors on Thursday, following its public debut. After pricing its IPO at $14, the company closed at $20, valuing the company around $2 billion. It was also much higher than expected. The company said in its filings that it planned to price its shares between $9 and…
[ad_1] NEW YORK (Reuters) – Global energy giants Chevron Corp and Exxon Mobil have asked U.S. regulators for exemptions to the nation’s biofuels policy that have historically been reserved for small companies in financial distress, according to sources familiar with the matter. FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California,…
[ad_1] NEW YORK (Reuters) – Technology and financial stocks boosted Wall Street on Thursday as U.S. President Donald Trump suggested that a military strike on Syria may not be imminent and investors turned their focus to the upcoming earnings season, which is projected to deliver the strongest results in seven years. Traders work on the…
[ad_1] WASHINGTON (Reuters) – Twelve U.S. senators on Thursday asked the Federal Communications Commission to investigate Sinclair Broadcasting Group (SBGI.O) for “deliberately distorting news” and asked the commission to pause its ongoing review of the company’s proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N). The Federal Communications Commission (FCC) logo is seen before the…
[ad_1] LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) on Thursday debuted its new ESPN+ digital subscription service, the first consumer offering in the traditional media company’s push to become a leader in streaming entertainment. The service will carry more than 10,000 live sporting events that are not shown on television, as well as exclusive…
[ad_1] The United States has softened another one of its key NAFTA demands, scaling back a request on automobile content amid a flurry of talks aimed at getting a preliminary agreement this spring. The U.S. has watered down its demand that cars include 85 per cent North American content to avoid a tariff — and lowered…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) said Herbert Diess will take over from Matthias Mueller as chief executive, adding fresh impetus to its efforts to slim down and reorganize the way its 12 brands are managed. FILE PHOTO: Herbert Diess from the Volkswagen Group presents the new I.D. Vizzion car model during an event at…
[ad_1] (Reuters) – Technology and financial stocks led a rally on Wall Street on Thursday as President Donald Trump toned down his views on attacking Syria and investors focused on what could be the strongest earnings reporting season in seven years. Traders work on the floor of the New York Stock Exchange shortly after the…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialogue were not sincere, and vowed to retaliate if U.S. President Donald Trump escalates current tensions. China President Xi Jinping on Tuesday vowed to open China’s economy further and lower import duties…
[ad_1] Prime Minister Justin Trudeau will interrupt his nine-day foreign trip to return to Ottawa to meet with B.C. Premier John Horgan and Alberta Premier Rachel Notley to try to end the deadlock over the Trans Mountain pipeline expansion. Trudeau will travel to Ottawa from Lima, Peru, then travel on to Paris. The itinerary change was announced…
[ad_1] Shaw Communications Inc. shares were up more than nine per cent Thursday as strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter. Shaw’s B shares were at $26.44, up $2.27, after the company reported it had a $164-million loss in its latest quarter,…
[ad_1] (Reuters) – Wall Street benchmarks bounced higher on Thursday, driven by gains in technology, financial and industrials stocks as investors hoped that lower U.S. taxes could boost first quarter corporate profits. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid Boeing’s (BA.N)…
[ad_1] Meet Bubblz, a French startup that wants to optimize all the boring processes that slow you down. If you’re trying to hire someone, if you need to collect information from many people, if you regularly put together marketing campaigns, you can use Bubblz to automate all the steps and collaborate with your coworkers. Many…
[ad_1] LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they get from investment banks underwriting new listings with its low-cost IPO. The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists…
[ad_1] Talk of an impending NAFTA deal is premature, Canadian union leader Jerry Dias said in Washington while officials were negotiating there Wednesday. The Unifor boss said he’s been in contact with the Canadian negotiating team and said speculation from some about an imminent agreement in principle is divorced from reality. The United States has…
[ad_1] Three Russian tycoons targeted by a new list of U.S. sanctions may have lost a combined $7.5 billion US since the list was announced, according to Reuters calculations based on price moves in the listed companies the three co-own. The U.S. Treasury on April 6 announced sanctions on seven Russian oligarchs and 12 companies…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Defense has stopped accepting deliveries of F-35 jets from Lockheed Martin Corp (LMT.N) because of a contractual dispute over fixing a production error, the Pentagon said on Thursday. FILE PHOTO – Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan on October…
[ad_1] (Reuters) – Wall Street stocks bounced higher on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to easing of nerves over U.S. military conflict with Russia in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid Growth…
[ad_1] Coffee chain The Second Cup plans to open a network of recreational cannabis dispensaries, starting in Western Canada and then potentially moving east to other provinces where the drug is expected to soon be legal. The coffee chain announced on Thursday it is partnering with National Access Cannabis Corp. to develop and operate a network…
[ad_1] Criminal records, driving records, employment verifications. Companies that use on-demand employees need to know that all the boxes have been checked before they send workers into the world on their behalf, and they often need those boxes checked quickly. A growing number of them use Checkr, a San Francisco-based company that says it currently…
[ad_1] (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, reported first-quarter profit that exceeded Wall Street estimates on Thursday, benefiting despite higher volatility in global markets. FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo BlackRock said its iShares family of…
[ad_1] (Reuters) – The Dow Jones Industrial Average was set to open with gains of more than 100 points on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to a slight easing of nerves over Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] BERLIN/MUNICH (Reuters) – Labor representatives at Volkswagen (VOWG_p.DE) are concerned by a sudden rush by the German carmaker’s board to approve sweeping changes on Thursday, sources said, while Handelsblatt reported that its finance chief could step down. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015.…
[ad_1] BRUSSELS/SAN FRANCISCO (Reuters) – The European Union’s top antitrust regulator, Margrethe Vestager, has made it her mission to stem alleged anti-competitive abuses by big American tech companies, threatening as recently as last month to break up Alphabet Inc’s Google. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen…
[ad_1] FRANKFURT/BERLIN (Reuters) – Volkswagen (VOWG_p.DE) brand chief Herbert Diess will head up a volume brands division which includes responsibility for Skoda and Seat, two sources familiar with the matter said on Thursday. Volkswagen CEO Dr. Herbert Diess watches a video during the Nvidia keynote address at CES in Las Vegas, Nevada, U.S. January 7,…
[ad_1] LONDON (Reuters) – European shares began to recover on Thursday as Wall Street futures pointed to a positive U.S. open, with investors’ anxiety over a threatened clash between Western powers and Russia in Syria easing ahead of a strong U.S. earnings season. The German share price index, DAX board, is seen at the stock…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialogue were not sincere, and vowed to retaliate should U.S. President Donald Trump escalate current tensions. China President Xi Jinping on Tuesday vowed to open China’s economy further and lower import duties…
[ad_1] (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, reported first-quarter profit above Wall Street estimates on Thursday, benefiting from higher volatility in global markets. FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo Investment advisory, administration fees and securities lending…
[ad_1] LONDON (Reuters) – Britain’s takeover regulator ruled on Thursday that Walt Disney (DIS.N) must make an offer for the whole of Sky if it succeeds in buying Twenty-First Century Fox assets, including its 39 percent stake in the European pay-TV company. FILE PHOTO: The Sky logo is seen on outside of an entrance to…
[ad_1] LONDON (Reuters) – World stocks edged down further on Thursday as anxious investors stayed wary of risky assets, seeking protection against a threatened clash between Western powers and Russia in Syria. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. REUTERS/Tilman Blasshofer The ratcheting…
[ad_1] GUNSAN, South Korea (Reuters) – Workers at a rural South Korean factory are busy extracting some of the world’s most coveted metals, used in the batteries that power electric cars. An employee sorts out old batteries at an urban mining plant in Gunsan, South Korea, April 2, 2018. REUTERS/Kim Hong-Ji But they’re not digging…
[ad_1] Canada’s main stock index ended down slightly Wednesday despite strong gains in energy and gold stocks, while U.S. markets retreated from a rally a day earlier. The rise in energy stocks came as the price of oil hit its highest level since December 2014 on concerns of instability in the Middle East, said Kathryn…
[ad_1] In some ways it would be easier to plan if we really knew for sure whether Canadian home prices were about to fall off a cliff as so many people keep predicting. But of course that’s not how markets work. A difference of opinion about the future is one of the reasons why there is always…
[ad_1] Originally from South Africa, JT Steenkamp doesn’t usually enjoy brisk Canadian winter weather, but this year is different for the engineer who is testing out a new type of battery at Shell Canada’s research centre in Calgary. The battery is built using a little-known metal found in bitumen, and the technology could represent a pivotal moment…
[ad_1] HONG KONG/MUMBAI (Reuters) – Walmart Inc (WMT.N) is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with direct knowledge of the matter said. FILE PHOTO: A…
[ad_1] HONG KONG/SHANGHAI (Reuters) – U.S. co-working space provider WeWork Cos said on Thursday it would buy China-based rival Naked Hub to boost its footprint in the world’s second largest economy. FILE PHOTO: A guest attends the opening ceremony of WeWork Hong Kong flagship location in Hong Kong, China February 23, 2017. REUTERS/Bobby Yip/File Photo…
[ad_1] MOSCOW (Reuters) – Russian tycoon Oleg Deripaska has withdrawn his nomination candidacy to join the board of Norilsk Nickel, the mining firm said in a statement on Thursday. FILE PHOTO: Russian tycoon Oleg Deripaska attends the session “The Future of “Made China”” during the Annual Meeting 2016 of the World Economic Forum (WEF) in…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical (4502.T) has sounded out its major creditors for loans, two sources with direct knowledge of the matter said, as it moves closer to a bid for London-listed rare-disease specialist Shire (SHP.L) that could top $40 billion. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo,…
[ad_1] HONG KONG (Reuters) – U.S. private equity firm Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China’s Ant Financial Services Group [ANTFIN.UL] that is expected to be worth at least $8 billion, people with knowledge of the matter said. FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd (4502.T) has sounded out creditors for loans, sources with direct knowledge of the matter said, as it moves closer to making a bid for London-listed rare disease specialist Shire (SHP.L) that could top $40 billion. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in…
[ad_1] HONG KONG/SHANGHAI (Reuters) – U.S. co-working firm WeWork Cos is planning to buy China-based rival Naked Hub, three sources familiar with the deal told Reuters, a move which would boost the New York firm’s footprint in the world’s second largest economy. FILE PHOTO: A guest attends the opening ceremony of WeWork Hong Kong flagship…
[ad_1] TOKYO (Reuters) – Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in…
[ad_1] PHOENIX (Reuters) – A co-founder of Backpage.com charged with knowingly facilitating prostitution and money laundering will likely be released from federal detention later this week after posting $1 million bond, his attorney said on Wednesday. An image of the current home page of the website backpage.com shows logos of U.S. law enforcement agencies after…
[ad_1] BEIJING (Reuters) – China will not hesitate to fight back if the United States escalates its trade spat with Beijing, the commerce ministry said on Thursday, asserting that Chinese President Xi Jinping’s pledge to cut import tariffs is not a concession to Washington. Shipping containers are seen at the port in Shanghai, China April…
[ad_1] SEOUL (Reuters) – South Korea said on Thursday it expects to complete due diligence on General Motors Co’s (GM.N) local subsidiary by early May, as the government considers whether to inject taxpayers’ money into the U.S. automaker’s money-losing unit. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South…
[ad_1] BOSTON (Reuters) – JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked “pretty good” and that there was no law that says growth cannot continue. Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit at the Kennedy School of Government at…
[ad_1] TOKYO (Reuters) – Auto components maker Key Safety Systems on Wednesday completed its $1.6 billion deal to acquire air-bag maker Takata Corp, whose inflators triggered the auto industry’s biggest recall and have been linked to at least 22 deaths around the world. FILE PHOTO: Visitors walk past a logo of Takata Corp on its…
[ad_1] DETROIT/BEIJING (Reuters) – Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt the impact of trade U.S-China trade spats. FILE PHOTO: The…
[ad_1] TOKYO (Reuters) – Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer. He parried questions of how much control people have over their data on the world’s largest social media network without a major gaffe, while…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Defense has stopped accepting most deliveries of F-35 jets from Lockheed Martin Corp (LMT.N) because of a dispute over who will cover costs for fixing a production error, three people familiar with the matter said. Lockheed confirmed on Wednesday that the Pentagon had halted deliveries of the…
[ad_1] (Reuters) – A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc (BKS.N) responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. states. FILE PHOTO: The exterior of a Barnes & Noble Booksellers…
[ad_1] (Reuters) – Retailer Toys ‘R’ Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business as the bankrupt company moves ahead with plans to sell some non-U.S. operations, its lawyer Joshua Sussberg said on Wednesday. FILE PHOTO: A closed Toys ‘R’ Us store is seen…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances. A view of the exterior of the JP Morgan…
[ad_1] (Reuters) – SoftBank Group Corp CEO Masayoshi Son faces a closing window of opportunity to merge the Japanese company’s debt-laden U.S. wireless subsidiary Sprint Corp with Deutsche Telekom’s U.S. wireless unit, T-Mobile U.S. Inc. Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration Sprint’s…
[ad_1] NEW YORK (Reuters) – Wall Street stocks fell on Wednesday as possible U.S. military action against Syria stoked investor concerns about geopolitical risk to the American economy and minutes from the Federal Open Market Committee sparked worries about a more hawkish view on interest-rate increases. Traders work on the floor of the New York…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Wednesday sparred with lawmakers over how much control users of the world’s largest social media network have over their data in a sometimes fractious five-hour hearing. Zuckerberg assured members of the U.S. House of Representatives Energy and Commerce Committee that users have ultimate…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department called an economist on Wednesday to testify that allowing AT&T (T.N) to purchase movie and TV production company Time Warner (TWX.N) would cost consumers hundreds of millions of dollars, as the government wrapped up its efforts to convince a judge to stop the proposed deal. FILE PHOTO:…
[ad_1] Cineplex Inc. is laying off “a number of” full-time workers. The Toronto-based company’s spokesperson Sarah Van Lange is refusing to say exactly how many jobs are being cut, but says the layoffs will impact less than 100 employees. Lange says the cuts are part of a “small restructuring” happening at the entertainment giant. She…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker’s next project that could tax its resources and…
[ad_1] WASHINGTON (Reuters) – All of the Federal Reserve’s policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank’s last policy meeting on March 20-21 released on Wednesday showed. FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks at a news conference following…
[ad_1] (Reuters) – The family of a driver killed in a Tesla car crash has hired law firm Minami Tamaki LLP to explore legal options, the law firm said on Wednesday, adding the autopilot feature in the electric carmaker’s vehicle probably caused his death. FILE PHOTO: Rescue workers attend the scene where a Tesla electric…
[ad_1] (Reuters) – A Facebook-led rebound in technology stocks in early afternoon on Wednesday helped Wall Street pare losses that were sparked by concerns about a U.S.-Russia conflict over Syria. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid Earlier in the day,…
[ad_1] WASHINGTON (Reuters) – Uber Chief Executive Dara Khosrowshahi said on Wednesday that the ride-sharing company still believes in the prospects for autonomous transport after one of its self-driving vehicles was involved in a fatal crash in Arizona last month. FILE PHOTO – Dara Khosrowshahi, Chief Executive Officer of Uber Technologies, attends the World Economic…
[ad_1] NEW DELHI (Reuters) – A court ruled on Wednesday that Monsanto (MON.N) cannot claim patents on its genetically modified (GM) cotton seeds in India, the Indian company that brought the case said. FILE PHOTO: An employee works at a cotton processing unit in Kadi town, in the western Indian state of Gujarat, India, April…
[ad_1] Former U.S. Speaker of the House John Boehner has joined the board of an American cannabis company, a huge departure for a man who once described himself as “unalterably opposed” to the drug. Boehner will join former Massachusetts governor Bill Weld on the board of Acreage Holdings, a New York-based cannabis company that owns…
[ad_1] (Reuters) – Wall Street edged lower on Wednesday as brewing tensions between the United States and Russia over a possible military action against Syria turned investors risk averse. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The S&P banks index .SPSY…
[ad_1] Postmedia Network Canada Corp. says its net loss for the quarter ended Feb. 28 was reduced to $1.3 million, down from $28.5 million a year earlier, despite a continued decline in revenue at its newspaper operations. The Toronto-based company, which owns the National Post and numerous other paper and digital publications, says the reduced…
[ad_1] HAMBURG (Reuters) – Emirates [EMIRA.UL] will commit to purchasing options for 16 Airbus (AIR.PA) A380 jets from a previously announced $16 billion order that handed a lifeline to the slow-selling jet, the airline’s president said on Wednesday. Tim Clark, President of Emirates Airlines, delivers his speech during a presentation of Emirates Boeing 777 at…
[ad_1] At its re:Invent developer conference, AWS made so many announcements that even some of the company’s biggest launches only got a small amount of attention. While the company’s long-awaited Elastic Container Service for Kubernetes got quite a bit of press, the launch of the far more novel Fargate container service went a bit under.…
[ad_1] FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE) plans to sell its digital farming business to BASF (BASFn.DE) as part of changes to concessions it has offered to win over antitrust regulators for its proposed takeover of Monsanto (MON.N). The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany…
[ad_1] (Reuters) – Wall Street fell on Wednesday, led by losses in financial stocks, on brewing tensions between the United States and Russia over a possible U.S. military action against Syria. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The S&P banks…
[ad_1] The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year partly because tougher mortgage rules have shut out new buyers and flooded the market with renters, a new report by research firm Urbanation says. Urbanation calculates that the average monthly rent of…
[ad_1] (Reuters) – The three main U.S. indexes opened lower on Wednesday on heightened concerns over a row between the United States and Russia over military action in Syria. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial Average…
[ad_1] FRANKFURT (Reuters) – Bayer (BAYGn.DE) said it was planning to sell its digital farming business, and not just grant a license to competitors, to win antitrust approval for the planned takeover of Monsanto (MON.N). The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24, 2014.…
[ad_1] (Reuters) – Wall Street was set to open lower on Wednesday due to heightened concerns over a row between the United States and Russia over military action in Syria. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The face-off intensified after…
[ad_1] LONDON (Reuters) – Oil hit its highest in more than three years on Wednesday after U.S. President Donald Trump threatened to fire missiles at Syria in response to a suspected chemical attack last week. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado February 2,…
[ad_1] (Reuters) – U.S. stock index futures fell sharply on Wednesday due to rising concerns over confrontation between the United States and Russia over military action in Syria. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The face-off between the two countries…
[ad_1] TravelPerk, a Barcelona-based SaaS startup that’s built an end-to-end business travel platform, has closed a $21 million Series B round, led by Berlin-based Target Global and London’s Felix Capital. Earlier investors Spark Capital and Sunstone also participated in the round, alongside new investor Amplo. When we last spoke to the startup back in June 2016 — as…
[ad_1] LONDON (Reuters) – Financial markets remained fragile on Wednesday as heightened tensions over Syria and U.S. sanctions drove Russia’s rouble to a two-year low and nagging worries about a U.S.-China trade war boosted traditional safety plays at the expense of the dollar. FILE PHOTO: Market prices are reflected in a glass window at the…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg returns to Capitol Hill on Wednesday for more questioning by lawmakers who have a rare chance to air grievances about the company directly to the head of the world’s largest social media network. Facebook CEO Mark Zuckerberg is surrounded by members of the media…
[ad_1] HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) brand chief Herbert Diess looks set to retain his responsibilities as head of the core autos division if he becomes the group’s next chief executive, a source said. FILE PHOTO – Herbert Diess from the Volkswagen Group speaks at the 88th International Motor Show at Palexpo in Geneva, Switzerland,…
[ad_1] LONDON (Reuters) – Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East, although evidence of rising U.S. crude supply acted as a counterbalance. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado February 2, 2015.…
[ad_1] (Reuters) – Sprint Corp (S.N) has restarted talks to merge with T-Mobile US Inc (TMUS.O), people familiar with the matter said on Tuesday, the latest effort to bring together the fourth and third largest U.S. wireless carriers. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September…
[ad_1] LONDON (Reuters) – Airbus (AIR.PA) wants Britain to provide more clarity over the country’s future relationship with the European Union, or risk losing investment, the European planemaker’s CEO said. Airbus Chief Executive Tom Enders poses after Airbus annual press conference on the 2017 financial results in Blagnac near Toulouse, France, February 15, 2018. REUTERS/Regis…
[ad_1] BERLIN/HAMBURG (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board will on Friday decide on a replacement for personnel chief Karlheinz Blessing as part of a broader management overhaul, two sources said. Karlheinz Blessing, member of the Board of Management of Volkswagen AG with responsibility for ‘Human Resources and Organization’ attends Volkswagen AG annual news conference in…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Wednesday but pared early gains as caution again crept into markets over strained U.S-China trade ties and escalating tensions in Syria. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai Spreadbetters…
[ad_1] DUBAI (Reuters) – Etihad Airways will stop flying to Edinburgh, Scotland and Perth, Australia, from October 1, the latest routes dropped by the Gulf airline, as it continues to review its business strategy. FILE PHOTO – An Etihad Airways Airbus plane flies over St. Moritz, Switzerland, February 13, 2017. REUTERS/Ruben Sprich The major Middle…
[ad_1] NEW YORK (Reuters) – As she seeks to combine CBS Corp (CBS.N) and Viacom Inc (VIAB.O) into a single company, media mogul Shari Redstone risks losing her most talented executive, whose leadership could be critical to ensuring the proposed merger succeeds. Shari Redstone arrives for Variety’s Power of Women luncheon in New York City,…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Wednesday, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase of the diplomatic tit-for-tat between the two countries. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo…
[ad_1] WASHINGTON (Reuters) – Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Wednesday, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase of the diplomatic tit-for-tat between the two countries. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo…
[ad_1] SINGAPORE (Reuters) – Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by increasing inventories and production in the United States. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado February 2, 2015. REUTERS/Rick…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business. During nearly five hours of questioning by 44 U.S. senators, Zuckerberg repeated apologies he previously made…
[ad_1] SINGAPORE (Reuters) – Oil prices edged higher on Wednesday, adding to steep gains in the previous session, as markets eyed an escalation of Middle East tensions after Europe’s air traffic control agency warned of possible air strikes on Syria in the next 72 hours. FILE PHOTO: An oil well pump jack is seen at…
[ad_1] TOKYO (Reuters) – Asian stocks were firm on Wednesday as investors lapped up the positive mood in markets after China’s President Xi Jinping helped ease fears over a U.S.-China trade row, while the euro hovered near two-week highs. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] LONDON (Reuters) – The European Commission on Tuesday raided the offices of a number of companies involved in sports broadcasting rights, including a unit of Rupert Murdoch’s Fox, as part of an investigation into a possible cartel. The 21st Century Fox logo is displayed on the side of a building in midtown Manhattan in…
[ad_1] Mexico’s ambassador to Canada says the drive for higher wages for his country’s auto workers in North American Free Trade Agreement negotiations is aimed at an “aspirational” goal — one that won’t be met soon. Dionisio Pérez Jácome made the comments in an interview on CBC News Network’s Power & Politics Tuesday. “As the secretary of…
[ad_1] (Reuters) – Fiat Chrysler Automobiles NV is in advanced settlement talks with the U.S. Justice Department and California Air Resources Board over accusations that the company illegally used software that led to excess emissions in 104,000 U.S. diesel vehicles sold since 2014, a court-appointed adviser said at a hearing on Tuesday. FILE PHOTO: A…
[ad_1] BOSTON (Reuters) – Activist hedge fund Starboard Value LP said on Tuesday it plans to seek four board seats at consumer products group Newell Brands (NWL.N), arguing more work is needed to repair the company even after rival activist Carl Icahn was handed board seats. FILE PHOTO: Jeffrey Smith, CEO for Starboard Value LP.,…
[ad_1] (Reuters) – Bank of America Corp (BAC.N) plans to stop lending to companies that make military-style firearms for civilians, Bloomberg reported on Tuesday, making it the second major U.S. lender to address gun sales after the Florida high school shooting that left 17 dead in February. FILE PHOTO: A Bank of America logo is…
[ad_1] WASHINGTON (Reuters) – Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon…
[ad_1] (Reuters) – Sprint Corp (S.N) has restarted talks to merge with T-Mobile US Inc (TMUS.O), people familiar with the matter said on Tuesday, the latest effort to bring together the fourth and third largest U.S. wireless carriers. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc shares posted their biggest daily gain in nearly two years on Tuesday as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the world’s largest social network might be regulated more closely. Zuckerberg repeated apologies made on Monday for a range of problems that have…
[ad_1] Alberta Premier Rachel Notley says the province will buy the Trans Mountain pipeline project outright, if that’s what it takes to get it built. On Tuesday morning, Notley said the federal government should be willing to put money into the project as well. Then, in a statement issued later in the day, the premier said buying…
[ad_1] Facebook CEO Mark Zuckerberg told U.S. senators on Tuesday his company was not “wilfully blind” to abuse of its platform but said he has made major changes to the service to seek out fake accounts and to better protect users’ privacy. Zuckerberg is facing 44 U.S. senators in a rare joint hearing of the Senate…
[ad_1] Alberta Premier Rachel Notley is asking the federal government to put its money where its mouth is on the Trans Mountain project. Faced with stubborn opposition in B.C. and an ultimatum from Kinder Morgan, Notley suggested Sunday the Alberta government might invest in the pipeline. The federal government should be willing to do the same,…
[ad_1] BENGALURU (Reuters) – Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator’s decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project. FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s Trans Mountain…
[ad_1] NEW YORK (Reuters) – U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs. The technology sector .SPLRCT, which would be particularly exposed to a negative impact from tense trade relations with China, provided the…
[ad_1] (Reuters) – U.S. stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs. The Dow Jones Industrial Average .DJI rose 428.76 points, or 1.79 percent, to 24,407.86, the S&P 500 .SPX gained 43.69 points, or 1.67…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told U.S. senators on Tuesday that the company was attempting to change in light of recent criticism, as he attempted to forestall any strict legislation aimed at the world’s largest social network. The 33-year-old internet mogul was grilled in a joint hearing of the…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg started testifying before Congress on Tuesday as he looks to fend off the possibility of new regulations as a result of the privacy scandal engulfing his social network. The 33-year-old internet mogul faces tough questioning from a joint hearing of the U.S. Senate’s Commerce…
[ad_1] LONDON (Reuters) – Russian aluminum giant Rusal (0486.HK) has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said. FILE PHOTO: The logo of Russian aluminium producer Rusal is seen on a board at the St. Petersburg…
[ad_1] BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. While much of his pledges were reiterations of previously announced reforms that…
[ad_1] (Reuters) – Embattled blood-testing company Theranos Inc laid off most of its remaining workforce to preserve cash and avert or at least delay bankruptcy for a few more months, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. FILE PHOTO: Elizabeth Holmes, CEO of Theranos, attends a panel discussion during…
[ad_1] SANTIAGO (Reuters) – The U.S. unit of China’s oil major Sinopec Corp (0386.HK) is procuring copper to send to its equipment suppliers in China, two sources familiar with the matter told Reuters, a rare move by a Chinese oil company. FILE PHOTO: The company logo of China’s Sinopec Corp is displayed at a news…
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) is engaged in a new round of talks to acquire Sprint Corp (S.N), a person familiar with the matter said on Tuesday, the third major effort to combine the third- and fourth-largest U.S. wireless carriers in the last four years. FILE PHOTO: Smartphones with the logos of T-Mobile…
[ad_1] (Reuters) – U.S. stocks were higher on Tuesday as investor concerns about rising U.S.-China trade tension eased after Chinese President Xi Jinping promised to cut import tariffs. The three main indexes, however, were off their session highs as investors locked in some gains ahead of the start of the earnings season this week. Nine…
[ad_1] (Reuters) – Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) have restarted merger talks, Wall Street Journal reported on Tuesday, citing people familiar with the matter. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration Shares of Sprint rose 17.3 percent to…
[ad_1] (Reuters) – Boeing Co’s (BA.N) aircraft deliveries rose about 9 percent year-over-year in the first quarter as the world’s biggest planemaker benefited from higher demand for its best-selling single-aisle 737 jetliners. FILE PHOTO: The Boeing building is seen next to Boeing Field in Seattle, Washington, U.S., March 26, 2018. REUTERS/Lindsey Wasson Chicago-based Boeing delivered…
[ad_1] (Reuters) – Wall Street’s main indexes hit session highs on Tuesday as investors concerns about rising U.S.-China trade tension receded after Chinese President Xi Jinping promised to cut import tariffs. Ten of the 11 major S&P sectors were higher, with the energy index .SPNY adding more than 3 percent as oil broke above $70…
[ad_1] BERLIN/HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) wants to replace Chief Executive Matthias Mueller with the head of its core VW brand, Herbert Diess, as it looks to give fresh impetus to its recovery from an emissions scandal, two people familiar with the matter said. FILE PHOTO: Herbert Diess from the Volkswagen Group presents the new…
[ad_1] There’s a new venture fund in town from some familiar faces. Carey Lai, who previously worked at Intel Capital and IVP, is joining forces with Paul Yeh, formerly of Kleiner Perkins. They’re calling it Conductive Ventures and it’s launching with $100 million under management. They’ll be investing in “expansion stage” companies across enterprise software…
[ad_1] The pace of housing starts slowed in March as the rate of new work on buildings such as apartments, townhouses and condominiums decreased, Canada Mortgage and Housing Corp. said Tuesday. The agency said the seasonally adjusted annual rate slowed to 225,213 units in March compared with 231,026 in February. The decrease came as the…
[ad_1] WASHINGTON (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday and Wednesday will be to defend against calls to regulate internet-based companies. Facebook CEO Mark Zuckerberg arrives for a meeting with Senator Bill Nelson (D-FL) on Capitol Hill in Washington, U.S., April 9, 2018.…
[ad_1] FRANKFURT (Reuters) – Financiers in Europe earning more than 1 million euros ($1.23 million) rose by a third in the six years to 2016 to 4,597, with investment bankers and London dominant, data showed on Tuesday. FILE PHOTO: A bus passes the Bank of England in London, Britain, April 9, 2018. REUTERS/Hannah McKay/File Photo…