[ad_1] WASHINGTON/MEXICO CITY (Reuters) – The head of Russian oil company Rosneft (ROSN.MM), Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, two sources briefed on the conversation said on Saturday. FILE PHOTO: Rosneft Chief Executive Igor Sechin attends the talks…
[ad_1] ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said. FILE PHOTO: Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources, arrives for a meeting…
[ad_1] Recreational pot has been legal in Canada for just over a month but the pressure on Cannabis producers to improve their yields and profits is already growing. And one factor that will influence their fate is the technology that keeps their plants healthy and improves harvests. “Nobody can manage a million square feet by themselves…
[ad_1] Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – A former Nissan Motor (7201.T) executive arrested along with ex-chairman Carlos Ghosn has defended Ghosn’s compensation,…
[ad_1] A general view of the Vauxhall car plant in Ellesmere Port, Britain, January 10, 2018. REUTERS/Phil Noble – RC19CDA50360 LONDON (Reuters) – Carmaker Vauxhall, which is owned by Peugeot parent company PSA (PEUP.PA), is to shed an extra 241 jobs from its Ellesmere Port car plant in the latest cuts at the site, deepening…
[ad_1] (Reuters) – A10 Networks Inc (ATEN.N), a U.S. technology company whose software and hardware help keep networks and data centers secure, is exploring options that include a potential sale of the company, people familiar with the matter said on Friday. FILE PHOTO: Chief executive officer of A10 Networks Lee Chen looks up at a…
[ad_1] NEW YORK (Reuters) – Citigroup Inc and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark. FILE PHOTO: A Citibank sign is reflected in a window in the City of London November…
[ad_1] BRUSSELS (Reuters) – Electronic travel services companies Amadeus (AMA.MC) and Sabre (SABR.O) are being investigated by the EU over contract terms that the bloc’s antitrust watchdog says could prevent airlines and travel agents from switching to rival ticket agents. The logo of Amadeus, the leading global provider of technology and distribution solutions for the…
[ad_1] (Reuters) – United Technologies Corp on Friday received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc, clearing the final hurdle to complete the largest aerospace deal in history. The ticker symbol for United Technologies is displayed on a screen on the floor of the New York Stock…
[ad_1] BERLIN (Reuters) – U.S. officials and German carmakers are preparing for a meeting of the chief executives of Volkswagen (VOWG_p.DE), BMW and Daimler with the Trump administration in the coming weeks, sources close to the matter said. White House economic adviser Larry Kudlow speaks in front of a TV camera at the White House…
[ad_1] PARIS (Reuters) – The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires. U.S. President Donald Trump and Chinese President Xi Jinping (R) meet on the sidelines of the G20 Summit…
[ad_1] TORONTO (Reuters) – China’s BYD Co Ltd (1211.HK) has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said. FILE PHOTO: Women walk in front of the logo of Chinese car manufacturer BYD (Build…
[ad_1] Aimia Inc. has announced the departure of its president and chief strategy officer less than three months after he took the job. In late August, the Montreal-based company hired Nathaniel Felsher from Deutsche Bank in New York, where he co-headed the firm’s aviation corporate and investment banking group. “The company wishes to acknowledge Mr.…
[ad_1] The once-uniquely American shopping tradition of Black Friday is now bigger in Canada than Boxing Day. That’s according to the Retail Council of Canada’s (RCC) annual Holiday Shopping Survey, which showed that 40 per cent of Canadian consumers plan to open their wallets on the day after American Thanksgiving compared to the 35 per cent who…
[ad_1] NEW YORK (Reuters) – Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2018. REUTERS/Brendan Mcdermid Both Brent and U.S. crude fell to…
[ad_1] HOUSTON (Reuters) – North American oil producers that have been increasing spending to take advantage of this year’s higher prices will dial back as November’s reversal fuels worries about a 2019 surplus, energy executives say. Pump jacks and pipes are seen on an oil field near Bakersfield on a foggy day, California January 17,…
[ad_1] (Reuters) – Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday. FILE PHOTO – Chief Executive Bracken Darrell of the computer peripherals maker Logitech addresses the company’s annual news…
[ad_1] BOSTON (Reuters) – Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to…
[ad_1] The price of a barrel of the most common blend of U.S. oil fell to its lowest level in more than a year, as fears of a global supply glut came roaring back to life. A barrel of West Texas Intermediate was going for $50.39 US a barrel, down by $4.24 on the day.…
[ad_1] NEW YORK (Reuters) – Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers a strong start to their make-or-break holiday season. A healthy economy and rising wages gave people the confidence to splash out on retailers’ annual raft of…
[ad_1] (Reuters) – U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November…
[ad_1] BOSTON (Reuters) – Oil prices slumped more than 6 percent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as…
[ad_1] A major geothermal power plant has broken ground in Saskatchewan, with hopes of generating electricity by spring. The company leading the project, Deep Earth Energy Production Corp. (DEEP), announced drilling has started at the site’s location near Estevan. The drilling will be used mainly for testing purposes to set up a facility that generates…
[ad_1] We already own a pipeline. Why not a railway? Call it the Great Western Canada Select Railroad. And we’ll use it to ship Alberta bitumen to the West Coast for export to Asia. That’s not exactly what Premier Rachel Notley suggested in a speech to oil drilling companies Thursday, but kinda. Notley’s frustration with…
[ad_1] Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after the company and a group representing ailing Samsung workers agreed to accept compensation terms…
[ad_1] Meet BlueCargo, a logistics startup focused on seaport terminals. The company was part of Y Combinator’s latest batch and recently raised a $3 million funding round from 1984 Ventures, Green Bay Ventures, Sound Ventures, Kima Ventures and others. If you picture a terminal, chances are you see huge piles of containers. But current sorting…
[ad_1] LONDON (Reuters) – The latest collapse in oil prices has proved some investors right in their lack of confidence in energy stocks this year. FILE PHOTO: A general view of a drilling platform at Norway’s giant offshore Johan Sverdrup field, near Stord, western Norway September 4, 2017. REUTERS/Nerijus Adomaitis/File Photo Crude prices surged to…
[ad_1] COPENHAGEN (Reuters) – Discontent among Danske Bank (DANSKE.CO) customers remains high, although sentiment improved slightly in the last month as the Danish bank moved to address a 200 billion euro ($227 billion) money laundering scandal, figures from Voxmeter show. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018.…
[ad_1] LONDON (Reuters) – There’s nothing like a market crash to focus the minds of politicians, and Prime Minister Theresa May could find that only a plunge in British asset prices can persuade a divided parliament to back her Brexit deal. FILE PHOTO: British and EU flags are seen before Britain’s Prime Minister Theresa May…
[ad_1] Canada’s annual inflation rate remained above the central bank’s target for the ninth straight month in October, data showed on Friday, but markets saw few signs the Bank of Canada would hike interest rates next month. Statistics Canada said the annual inflation rate edged up to 2.4 per cent from 2.2 per cent in…
[ad_1] LONDON (Reuters) – Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus. Oil supply, led by U.S. producers, is growing more quickly than demand and…
[ad_1] NEW YORK (Reuters) – U.S. shoppers desperate for deals banged on doors and formed long queues at checkout counters on Black Friday, as a strong economy and rising wages drove a solid start to the holiday shopping season. A large crowd of people shop during a Black Friday sales event at Macy’s flagship store…
[ad_1] LONDON (Reuters) – European stock markets rose on Friday after a volatile week in which company earnings and growth worries hit stocks, although the euro sank after weaker-than-expected business surveys from Germany and the euro zone. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 20,…
[ad_1] A view of the new Amazon logistic center with the company’s logo in Dortmund, Germany November 14, 2017. REUTERS/Thilo Schmuelgen BERLIN/MADRID (Reuters) – Workers at Amazon logistic centers in Germany and Spain staged strikes on Friday, walking off the job on Black Friday, the discount spending spree that kicks-off the start of the crucial…
[ad_1] PARIS (Reuters) – The market for organic wine will grow rapidly in the next five years as environmentally-conscious consumers increasingly favor pesticide-free wines, but their market share will remain relatively small globally, a study showed. FILE PHOTO: Organic wines for sales are seen in a wine rack at Moevenpick Weinkeller wine shop in Berlin,…
[ad_1] LONDON (Reuters) – Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting production to try to stem a rising global surplus. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates at sunset…
[ad_1] NEW YORK (Reuters) – U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season. A large crowd of people shop during a Black Friday sales event at Macy’s flagship store on…
[ad_1] (Reuters) – Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co (7201.T) on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years. FILE PHOTO: Carlos Ghosn, chairman and CEO of…
[ad_1] When 72-year-old Anna Stratakos asked a flight attendant for a barf bag, she never imagined it would lead to Air Transat forcing her off the flight, leaving her stranded at the Athens airport. “You don’t know what happened to me that day, what I’ve been through,” said the grandmother, who cried while retelling her…
[ad_1] Nearly two years after Marketplace exposed the common practice of aggressive sales tactics at the largest Canadian-owned funeral home chain, another hidden camera investigation has revealed new examples of upselling and rule-breaking by some staff. Arbor Memorial was the subject of a 2017 investigation, which revealed huge markups, confusing charges and pushy tactics by…
[ad_1] BEIJING (Reuters) – China supports necessary reforms to strengthen the authority and effectiveness of the World Trade Organization (WTO) but they should uphold the grouping’s core values and protect developing countries’ interests, a vice commerce minister said on Friday. WTO reforms should prioritize issues that threaten the existence of WTO, Wang Shouwen told a…
[ad_1] FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/File Photo BERLIN (Reuters) – A German court has ruled Volkswagen (VOWG_p.DE) must reimburse the owner of a Golf the full original price of his vehicle bought in…
[ad_1] SHANGHAI (Reuters) – Steep losses in Chinese share markets dented Asian equities on Friday as lingering trade war tensions and weak corporate earnings in Europe added to worries about global growth. FILE PHOTO: Men look at a stock quotation board showing share prices of Nissan Motor Co (top) and Mitsubishi Motors outside a brokerage…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor…
[ad_1] Samsung Electronics’ co-chief executive Kim Ki-nam bows during a ceremony to sign an agreement to compensate its local chip and display factory workers who have suffered from work-related illnesses at an event in Seoul, South Korea November 23, 2018. Yonhap via REUTERS SEOUL (Reuters) – South Korea’s Samsung Electronics (005930.KS) on Friday vowed to…
[ad_1] (Reuters) – The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal reported on Thursday. FILE PHOTO: Journalists follow the presentation of a Huawei smartphone ahead of the IFA Electronics show in Berlin, Germany, September 2, 2015.…
[ad_1] SINGAPORE (Reuters) – Oil prices slumped to 2018 lows on Friday in thin but volatile trading, pulled down by concerns of an emerging global supply overhang amid a bleak economic outlook. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates at sunset in the Permian Basin near Midland, Texas U.S.…
[ad_1] SHANGHAI (Reuters) – Asian shares slipped on Friday as trade tensions continued to hurt sentiment, while weak corporate earnings in Europe added to worries about global growth and outweighed hopes for progress in Brexit negotiations. FILE PHOTO: Men look at a stock quotation board showing share prices of Nissan Motor Co (top) and Mitsubishi…
[ad_1] BEIJING (Reuters) – Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative…
[ad_1] PARIS (Reuters) – Nissan’s (7201.T) board ousted Chairman Carlos Ghosn on Thursday following the auto industry star’s arrest in Japan over financial misconduct allegations, ushering in a period of uncertainty for its 19-year alliance with Renault. A street monitor showing a news report about arrest of Nissan Chairman Carlos Ghosn is seen next to…
[ad_1] BEIJING (Reuters) – Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative…
[ad_1] BRUSSELS (Reuters) – Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in the European Union in an attempt to stave off possible fines after a long-running antitrust investigation, people familiar with the matter said. FILE PHOTO: Visa credit cards are seen in this picture illustration taken…
[ad_1] The Renault automaker company logo is displayed on a dealership in Paris France, November 21, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed on Thursday their support for the Renault-Nissan (RENA.PA) (7201.T) alliance after Carlos Ghosn was ousted as the Japanese company’s chairman…
[ad_1] SHANGHAI (Reuters) – Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations. FILE PHOTO: Men look at a stock quotation board showing share prices of Nissan Motor Co (top) and Mitsubishi Motors outside…
[ad_1] YOKOHAMA, Japan/PARIS (Reuters) – Nissan’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn over allegations of financial misconduct, after French partner Renault (RENA.PA) backed away from a last-minute demand to postpone the decision on their alliance leader’s fate. The vote – supported by Renault appointees on the Nissan board after a four-hour meeting…
[ad_1] BEIJING (Reuters) – Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash against an advertising campaign that was decried as racist by celebrities and on social media. The ads – released earlier this week to drum up interest in a Shanghai fashion show the Italian brand later canceled – featured…
[ad_1] JERUSALEM (Reuters) – Lawyers launched a class action lawsuit in Israel on Thursday against Airbnb, accusing the company of “outrageous discrimination” and demanding monetary damages after it withdrew listings of Israeli settlements in the occupied West Bank. The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei…
[ad_1] FILE PHOTO: Journalists follow the presentation of a Huawei smartphone ahead of the IFA Electronics show in Berlin, Germany, September 2, 2015. REUTERS/Hannibal Hanschke/File Photo (Reuters) – The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal…
[ad_1] Canada’s new $10 bill went into circulation this week, with civil rights activist Viola Desmond replacing Sir John A. Macdonald as the face of the banknote. It is the first regular circulation Canadian bill to feature a woman who is not the Queen. Last year, Agnes Macphail, Canada’s first female MP, was featured on…
[ad_1] The federal government’s decision to select a group of companies led by Lockheed Martin Canada to design and support the construction of the navy’s new frigates is now facing a trade challenge, on top of a Federal Court challenge filed last week. Alion Science and Technology Corp. and its subsidiary, Alion Canada, have asked the…
[ad_1] BEIJING (Reuters) – China rejected fresh U.S. accusations of perpetuating “unfair” trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries. President Xi Jinping is due to hold talks with U.S President Donald Trump during a G20…
[ad_1] Canada’s financial consumer watchdog has got the green light to probe how banking customer complaints are handled internally and by external complaint bodies. The Financial Consumer Agency of Canada said the new review is still in the planning stages but the government’s direction in the fall economic statement Wednesday officially kicks off the process.…
[ad_1] BERLIN (Reuters) – The heads of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are ready to attend a meeting at the White House with the Trump administration, but have not yet received a formal invitation, industry sources said on Thursday. FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do…
[ad_1] LONDON (Reuters) – Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses. A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the…
[ad_1] Watch Justin Trudeau live here at 11:45 MT and again at 1:15 MT Prime Minister Justin Trudeau will be tiptoeing through Calgary on Thursday amid frustration with the province’s ongoing financial woes and one day after his finance minister unveiled a fiscal update that his Alberta counterpart said showed Ottawa is “on a different economic planet.”…
[ad_1] Cannabis has been a hot topic all year — and a Wednesday panel discussion at the Western Canadian Agribition aimed to explore the economic potential for First Nations communities following legalization of recreational pot. The annual livestock show and agriculture festival, which kicked off at Evraz Place in Regina on Monday, featured an Indigenous Agriculture Summit on…
[ad_1] Alberta’s “ongoing and acute” issues with getting crude to market pose an “extraordinary” challenge for the province’s energy sector, says a new report from Scotiabank Economics. But it says the provincial government must set a “high” bar for intervening directly in the energy sector, adding it should only be done in “an effort to prevent extreme value…
[ad_1] Hackers are targeting Toronto-Dominion Bank’s internal systems at all hours using cutting-edge techniques, but the bank’s head of cybersecurity isn’t losing sleep over them — they work for him, after all. The bank established late last year an in-house “red team” of ethical hackers — cybersecurity professionals who attempt to hack a computer network to…
[ad_1] The federal government is pushing emergency legislation to force Canada Post employees back to work, while urging both sides to negotiate a deal. Labour Minister Patty Hajdu tabled the bill in the House of Commons Thursday morning. The Liberals also tabled a motion to fast-track the bill in order to pass it in a compressed…
[ad_1] Facebook’s outgoing head of communications is taking the blame for hiring Definers, the public relations firm doing opposition research on the company’s critics, including billionaire philanthropist George Soros. In a Facebook post that went up late Wednesday, Elliot Schrage said the responsibility to hire Definers rests with him and that he approved the decision…
[ad_1] Alberta Premier Rachel Notley is speaking this morning in Calgary at a meeting of the Canadian Association of Oilwell Drilling Contractors. The premier has been busy making announcements this week as part of her government’s so-called made-in-Alberta strategy to get more value for the province’s energy resources. Watch Premier Notley’s address at the Calgary Petroleum Club…
[ad_1] Britain’s air safety regulator revealed details Wednesday of a Sunwing flight last year that narrowly avoided disaster after the flight crew inputted incorrect air temperature readings, which caused the jet to overrun the runway, run over a warning light and left it with just enough speed to get into the air. According to a report…
[ad_1] Nissan’s board voted unanimously to oust its chair, Carlos Ghosn, on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault. The Japanese firm said its board also voted to remove Greg Kelly — who, like Ghosn, has been arrested after allegations of financial misconduct — from his post as representative director.…
[ad_1] LONDON (Reuters) – Europe’s share markets drooped back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 8, 2018.…
[ad_1] YOKOHAMA, Japan/PARIS (Reuters) – Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA). The Japanese firm said its board also voted to remove Greg Kelly – who like…
[ad_1] TOKYO (Reuters) – Japanese prosecutors have confirmed that Nissan’s arrested chairman, Carlos Ghosn, is being held in the spartan Tokyo Detention Center, its many rules and restrictions making for a stark contrast with his comfortable, globe-trotting lifestyle. A typical room for a single-person is seen inside Tokyo Detention Center in Tokyo, Japan, in this…
[ad_1] TOKYO (Reuters) – Nissan’s (7201.T) board ousted Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, Japanese broadcaster NHK reported without citing sources, ushering in a period of uncertainty for its 19-year alliance with Renault. A Nissan Motor Co spokesman declined to comment. The Franco-Japanese alliance, enlarged in 2016 to…
[ad_1] BEIJING/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) is cutting the price of its Model X and Model S cars in China, the U.S. firm said on Thursday, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.…
[ad_1] LONDON (Reuters) – Europe’s share markets dropped back into the red on Thursday as investor worries mounted about slowing global growth in the face of rising U.S. interest rates and trade tensions. Passersby walk past in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 28, 2018. REUTERS/Toru Hanai…
[ad_1] The Liberal government’s grand plan to make Canada a “culinary destination” for foreign tourists — think poutine or potted moose — is getting some turbulence from restaurant owners. Internal consultations with restauranteurs show they’re bristling over a new federal alcohol tax and struggling with shortages of uniquely Canadian food items that tend to be produced…
[ad_1] It probably shouldn’t come as a huge surprise that Canadian businesses are happy with the federal government’s fall economic update. Relations between Ottawa and the business community had been downright frosty. But billions in tax breaks should go a long way to warming things up a bit. Businesses and the government initially found themselves…
[ad_1] When Pat Hodnett’s sister-in-law passed away last year, a bouquet of “cheerful” flowers seemed the perfect way to honour her memory. “Betty was a gardener … she loved happy, cheerful flowers,” said Hodnett. Hodnett looked online and came across Bloomex.ca. With Betty in mind, she selected a bouquet of 50 daisies — an…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) is holding a board meeting to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA). Journalists sit in front of a signboard of Nissan Motor Co.’s global headquarters in Yokohama, Japan…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA). Journalists sit in front of a signboard of Nissan Motor Co.’s global headquarters in…
[ad_1] U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas BEIJING (Reuters) – China is evaluating the potential impact from a U.S. proposal to increase control over technology exports, and will take…
[ad_1] SYDNEY (Reuters) – Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising U.S. interest rates and trade tensions. Passersby walk past in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 28, 2018. REUTERS/Toru…
[ad_1] Two Mattress Firm stores, a brand owned by Steinhoff, lie on either side of the street in Encinitas, California, U.S., January 25, 2018. REUTERS/Mike Blake (Reuters) – Steinhoff International (SNHJ.J) said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit…
[ad_1] MINNEAPOLIS/NEW YORK (Reuters) – On the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire JD.com Inc Chief Executive Richard Liu from pulling off her clothes. FILE PHOTO: JD.com founder Richard Liu, also known as Qiang Dong Liu, is pictured in…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co (1359.HK), among the country’s largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing,…
[ad_1] FILE PHOTO: A man finishes charging his Tesla car at a charging point outside Tesla China headquarters in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) is cutting the price of its Model X and Model S cars in China by between 12-26 percent, the U.S. electric carmaker…
[ad_1] FILE PHOTO : People walk past a branch of Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo (Reuters) – U.S. prosecutors are investigating the systems that Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc (8306.T) (MUFG), uses to track money laundering, the New York…
[ad_1] TOKYO (Reuters) – Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault. Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama,…
[ad_1] SYDNEY (Reuters) – Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth. Passersby walk past in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] SEOUL/WASHINGTON (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a source said and documents reviewed by Reuters showed, sending their shares sliding. FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event in Mexico City,…
[ad_1] SINGAPORE (Reuters) – Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops. A maze of crude oil pipe and equipment is seen with the American and Texas…
[ad_1] An illuminated Google logo is seen inside an office building in Zurich September 5, 2018. REUTERS/Arnd WIegmann (Reuters) – Alphabet Inc’s Google said it will roll out new policies in Europe to provide more transparency around political ads, ahead of European Union elections in the spring, Bloomberg reported on Wednesday, citing a blog post.…
[ad_1] SYDNEY (Reuters) – Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth. Passersby walk past in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered toward the session’s end as Apple shares surrendered gains ahead of the Thanksgiving holiday. The Dow also gave up its gains to end flat, while…
[ad_1] A case of E. coli thought to be linked to romaine lettuce has been confirmed in New Brunswick, making it the third province affected by an outbreak that has now made 19 people in Canada ill. “New Brunswickers should avoid eating romaine lettuce and salad mixes containing romaine lettuce until more is known about the…
[ad_1] The federal government is stepping in to help the struggling Canadian media industry with new tax credits and incentives valued at nearly $600 million over the next five years. “To protect the vital role that independent news media play in our democracy and in our communities, we will be introducing measures to help support…
[ad_1] Finance Minister Bill Morneau delivered his fall economic statement Wednesday. Here are the highlights of his fiscal update: Growth: 2 per cent forecast next year (up from 1.6) — and slightly higher inflation. Unemployment rate: 5.8 per cent next year, down from 5.9. Projected deficit: $18.1 billion for current fiscal year. Revised 2017-2018 deficit:…
[ad_1] Finance Minister Bill Morneau’s Fall Economic Statement puts more money where the Trudeau government’s mouth is on its trade diversification strategy, in an attempt to nudge more businesses into pursuing export markets beyond the United States. A new export diversification strategy allocates $1.1 billion over the next six fiscal years, starting in 2018-19, to…
[ad_1] Grocery chains across Canada moved quickly to take Romaine lettuce that could be contaminated with E. coli off their shelves on Wednesday. But the lack of a formal recall notice for the product has made things more difficult by muddying the waters of who will pay for all that wasted food. Health authorities in the U.S. and…
[ad_1] A win for privacy on LinkedIn could be a big loss for businesses, recruiters, and anyone else expecting to be able to export the email addresses of their connections. LinkedIn just quietly introduced a new privacy setting that defaults to blocking other users from exporting your email address. That could prevent some spam, and…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Wednesday after a brutal two-day selloff, led by a rebound in beaten-down internet, technology and energy shares ahead of the Thanksgiving holiday. Santa Claus pays a visit on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2018. REUTERS/Brendan Mcdermid…
[ad_1] NEW YORK (Reuters) – World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S.,…
[ad_1] NEW YORK (Reuters) – Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply. Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015.…
[ad_1] Newfoundland and Labrador’s largest-ever offshore oil spill has raised a storm of questions about who has the power to turn oil production on and off in risky situations. In the eye of that storm: the Canada-Newfoundland and Labrador Offshore Petroleum Board, a federal-provincial regulatory body that critics say defers to the wishes of offshore oil companies on…
[ad_1] NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal. FILE PHOTO: A customer loads his shopping cart during the Black Friday sales event on Thanksgiving Day at Target…
[ad_1] All new cars and trucks sold in B.C. in the year 2040 will have to be zero-emission vehicles, the premier promised Tuesday. John Horgan said the government is planning to introduce legislation in the spring to gradually phase in targets for the sale of electric cars and hydrogen fuel cell vehicles and will take steps…
[ad_1] Finance Minister Bill Morneau will deliver an update on the country’s finances today and outline his plan to keep Canada competitive as the U.S. takes bold steps to lure investment and boost business growth. Morneau is expected to stress that Canada’s economy is strong overall — but faces competitive challenges from the deep tax cuts and regulatory…
[ad_1] The Canada Post of today that finds itself struggling through rotating strikes is a very different organization from the postal service that last saw labour disruptions. Back in 2011, as the company faced a labour dispute that led to its first loss in 17 years, then-CEO Deepak Chopra unveiled a plan to restructure the…
[ad_1] (Reuters) – U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2018. REUTERS/Brendan Mcdermid Foot…
[ad_1] Alberta’s economy is facing a “crisis,” according to Premier Rachel Notley. She’s right. Pipeline constraints and lower oil prices are hurting our energy sector and our provincial budget. As Notley says, it’s a “real and present danger to the Canadian economy.” When Prime Minister Justin Trudeau visits Calgary later this week — ground zero of Canada’s fiscal…
[ad_1] MILAN (Reuters) – Chocolate spread Nutella has long had pride of place on supermarket shelves but faces imminent attack from an Italian rival usually found in the pasta section. Italy’s Barilla, known internationally for its spaghetti and maccheroni packaged in blue boxes, is preparing to launch a chocolate spread next year in a major…
[ad_1] (Reuters) – Wall Street was set to claw back some of the losses from a brutal two-day selloff on Wednesday as Apple Inc and other major technology stocks regained a foothold and oil prices steadied. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 20,…
[ad_1] With steep discounts on Alberta oilsands crude hitting Canada’s energy sector hard, the economic cost continues to climb by tens of millions of dollars each day. The contagion, as economist Peter Tertzakian calls it, is also spreading to other grades of oil, potentially threatening billions in spending and, once again, putting jobs on the line. Such…
[ad_1] (Reuters) – U.S. stock futures rose on Wednesday, after a brutal two-day selloff pushed the S&P 500 and the Dow Jones Industrial Average in the red for the year. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 20, 2018. REUTERS/Brendan McDermid Apple Inc and…
[ad_1] LONDON (Reuters) – World stocks steadied on Wednesday and Wall Street was set to open firmer after the previous session saw $1 trillion wiped off the value of leading tech shares, while oil prices staged a modest rebound after slumping to one-year lows. Traders work on the floor at the New York Stock Exchange…
[ad_1] BRUSSELS (Reuters) – British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank. FILE PHOTO: Danske Bank whistleblower Howard Wilkinson speaks at a public hearing at the Danish parliament…
[ad_1] FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) played only a secondary role as a so-called correspondent bank to scandal-hit Danske Bank (DANSKE.CO), limiting what it needed to know…
[ad_1] TOKYO (Reuters) – Japan said it is ready to work for the stability of the Nissan-Renault global alliance following the stunning arrest of common Chairman Carlos Ghosn, but a Nissan executive said the Japanese automaker is seeking ways to weaken the influence of its French partner. The 19-year alliance, enlarged in 2016 to include…
[ad_1] LONDON (Reuters) – Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015. REUTERS/Lucy Nicholson The American…
[ad_1] So, when a speculative investment plunges in value, where does the money go? As bitcoin crashes to year-long lows, as tech stocks give up their entire 2018 gains and as global oil prices tumble to a level not seen since October 2017, it is common to to hear investing being compared to playing roulette. Sometimes, it’s…
[ad_1] Loblaws is ramping up self-checkout with new technology called “shop and scan” — a system that lets people scan their items with a phone app while shopping, saving time at checkout. On Thursday, Loblaws will begin testing shop and scan at five grocery stores in the Greater Toronto Area, and will expand to three more locations in the…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) on Wednesday set in place the financial and operational pillars of a soon-to-be completely overhauled leadership as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals. FILE PHOTO: Dominik Asam, CFO of German semiconductor manufacturer Infineon arrives for the company’s…
[ad_1] SINGAPORE (Reuters) – Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. Oil pump jacks are seen next to a strawberry field in Oxnard, California February…
[ad_1] FILE PHOTO: Dominik Asam, CFO of German semiconductor manufacturer Infineon arrives for the company’s annual shareholder meeting in Munich, February 16, 2017. REUTERS/Michaela Rehle PARIS (Reuters) – Airbus (AIR.PA) on Wednesday named the finance director of German chipmaker Infineon Technologies (IFXGn.DE) as its next chief financial officer to replace fellow German Harald Wihelm, who…
[ad_1] (Reuters) – U.S. farmers finishing their harvests are facing a big problem – where to put the mountain of grain they cannot sell to Chinese buyers. FILE PHOTO: Eric Honselman opens a shed which holds 75,000 bushels of corn he was forced to store after his regular bins were filled to capacity with corn…
[ad_1] TOKYO (Reuters) – Japan said on Wednesday it is ready to work for the stability of the Nissan-Renault global alliance following the stunning arrest of common Chairman Carlos Ghosn, as the Asahi newspaper reported prosecutors are weighing bringing a case against the Japanese automaker. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi…
[ad_1] SINGAPORE (Reuters) – Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. Oil pump jacks are seen next to a strawberry field in Oxnard, California…
[ad_1] SINGAPORE (Reuters) – Singapore authorities are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse. FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar…
[ad_1] SINGAPORE (Reuters) – Oil prices on Wednesday recovered some of the previous day’s over 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports. Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015. REUTERS/Lucy…
[ad_1] HONG KONG (Reuters) – Tencent Music Entertainment (TME) – China’s answer to Spotify (SPOT.N) – is facing crunch time on its hotly anticipated U.S. $2 billion mega IPO this year. FILE PHOTO: Visitors are seen at a booth of Tencent Music Entertainment at the Beijing Music and Life Show in Beijing, China, May 7,…
[ad_1] TOKYO (Reuters) – Asian stocks slid on Wednesday as intensifying concerns about global economic growth gripped financial markets, sending Wall Street shares and crude oil prices tumbling and driving the safe haven dollar up from a two-week low. FILE PHOTO: An investor sits in front of displays showing stock information at a brokerage office…
[ad_1] TOKYO (Reuters) – Japanese prosecutors are considering bringing a case against Nissan Motor Co (7201.T) after Chairman Carlos Ghosn’s arrest on suspicion of financial misconduct, the Asahi Shimbun daily said on Wednesday. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press…
[ad_1] SINGAPORE (Reuters) – Oil prices on Wednesday clawed back some of the previous day’s more than 6 percent fall, supported by a report of an unexpected drop in U.S. commercial crude inventories as well as record Indian crude imports. Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24,…
[ad_1] NEW YORK (Reuters) – Investors who bought insurance meant to mitigate losses from Sears Holdings Corp’s (SHLDQ.PK) bankruptcy proceedings are claiming that a hedge fund that sold the insurance is improperly influencing market proceedings, according to a letter seen by Reuters. FILE PHOTO: The Sears logo is seen outside a store in Brooklyn, New…
[ad_1] PARIS/TOKYO (Reuters) – French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct. Thierry Bollore, Ghosn’s operational second-in-command, will become deputy chief executive, while lead independent director…
[ad_1] LONDON (Reuters) – Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world’s best-known digital coin to 25 percent within a week. FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration…
[ad_1] The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase…
[ad_1] A Chinese national flag is seen at a port in Beihai, Guangxi province, China June 17, 2017. Picture taken June 17, 2017. REUTERS/Stringer WASHINGTON (Reuters) – The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of…
[ad_1] Autodesk announced plans to acquire PlanGrid for $875 million today. The San Francisco startup helped move blueprints from paper to the iPad when it launched in 2011. This digitization of construction fits with Autodesk’s vision of digitizing design in general, and CEO Andrew Anagnost certainly recognized the transformational potential of the company he was buying.…
[ad_1] FILE PHOTO: Tesla and SpaceX CEO Elon Musk participates in a “fireside chat” at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot/File Photo (Reuters) – The U.S. space agency said on Tuesday it would review the workplace culture at SpaceX and Boeing Co…
[ad_1] Alberta could face a deficit of almost $40 billion in 2040 unless the government restrains spending and tempers oil and gas royalty swings with new taxes, according to a report from the University of Calgary’s School of Public Policy. Economist Trevor Tombe, the author of the new report, says finding a solution to the province’s economic woes…
[ad_1] NEW YORK (Reuters) – U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl’s sank after weak earnings and forecasts, fueling worries about economic growth. The Nasdaq closed at its lowest level in more than seven months while the S&P 500…
[ad_1] NEW YORK (Reuters) – U.S. stocks extended their selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl’s sank after weak earnings and forecasts. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] NEW YORK (Reuters) – The U.S. Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from U.S. biofuel laws for its Utah refinery earlier this year, according to a source familiar with the company’s operations. FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, in this January 25,…
[ad_1] FILE PHOTO – Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds as well as…
[ad_1] The social media singularity continues with the arrival of Snapchat Stories-style slideshows on LinkedIn as the app grasps for relevance with a younger audience. LinkedIn confirms to TechCrunch that it plans to build Stories for more sets of users, but first it’s launching “Student Voices” just for university students in the U.S. The feature…
[ad_1] MONTREAL (Reuters) – Canada’s Bombardier Inc (BBDb.TO) is the front-runner to win a New Jersey Transit (NJT) rail car contract, two sources familiar with the matter said, in a boost for the plane-and-train-maker’s North American business which has wrestled with delivery delays and has lost orders to rivals. FILE PHOTO: A Bombardier logo is…
[ad_1] (Reuters) – The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl’s as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a selloff in technology stocks. Target Corp shares (TGT.N) slumped 10.28 percent after the retailer’s…
[ad_1] NEW YORK (Reuters) – Oil prices tumbled more than 7 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught in Wall Street’s broader selloff fed by growing concerns about slowing global growth. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched…
[ad_1] A group that represents small and medium-sized Canadian businesses is calling on the federal government to pass back-to-work legislation to end the Canada Post strike, arguing that two-thirds of their members have been hurt by the dispute. The Canadian Federation of Independent Business has 110,000 members across the country, and the group says on…
[ad_1] Marijuana has been legal in Canada for a month already but immigration lawyers and cannabis executives say when it comes to getting into the United States, the worst may be yet to come. As Canadians get used to the fact that cannabis is no longer against the law in their country, some experts fear…
[ad_1] Canada’s auditor general says people who live in rural and remote parts of the country don’t have high-speed internet access because the federal government doesn’t want to pay for a plan to give it to them. In a report Tuesday, Michael Ferguson says the government has been told again and again by different authorities…
[ad_1] Stocks are skidding Tuesday morning, putting the market back into the red for the year, as weak results from retailers and mounting losses for big technology companies compound the market’s losses from the day before. Energy and industrial companies are also dropping. Target plunged after reporting earnings that missed Wall Street’s estimates, while Ross…
[ad_1] FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo (Reuters) – Shares of Nvidia Corp reversed course after markets opened to gain about 2.5 percent on Tuesday after shortseller Citron Research said it has bought the chip designer’s stock.…
[ad_1] HONG KONG (Reuters) – Billionaire Chinese actress Zhao Wei and her husband have been barred from taking on key positions at listed companies for five years for violating securities regulations, the Shanghai Stock Exchange said on Tuesday. Actress Zhao Wei, member of Venezia 73 International Jury, poses for photographers during a photocall at the…
[ad_1] (Reuters) – U.S. stocks were set to open sharply lower on Tuesday as poor forecasts from retailers including Target Corp and Kohls Corp for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones. Traders work on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – German financial watchdog Bafin has asked Deutsche Bank (DBKGn.DE) to supply information on its dealings with Danske Bank (DANSKE.CO), which is ensnarled in money laundering allegations, a source…
[ad_1] FILE PHOTO: A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015. REUTERS/Matt Mills McKnight/File Photo CHICAGO (Reuters) – Boeing Co (BA.N) has canceled a conference call it had scheduled for Tuesday morning with airlines to…
[ad_1] LONDON (Reuters) – The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability. FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February…
[ad_1] TOKYO (Reuters) – Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. The logo of Nissan Motor Co is seen at its showroom in Tokyo, Japan November 20, 2018. REUTERS/Toru Hanai…
[ad_1] COPENHAGEN (Reuters) – Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power- FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. REUTERS/Thomas Peter intensive companies’ interest in the Nordic region. Google also…
[ad_1] LONDON (Reuters) – Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park…
[ad_1] PARIS/TOKYO (Reuters) – France moved on Tuesday to oust Carlos Ghosn from the helm of Renault (RENA.PA) a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal. FILE PHOTO: French Economy Minister Bruno Le Maire and Renault…
[ad_1] TOKYO (Reuters) – Asian stock markets skidded on Tuesday and Europe was expected to follow, pressured by sharp losses on Wall Street as technology firms tumbled on worries about slackening demand. A man looks at a stock quotation board showing share prices of Nissan Motor Co (top) and Mitsubishi Motors outside a brokerage in…
[ad_1] FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su SINGAPORE (Reuters) – Singapore authorities said on Tuesday they are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days after the company said its $3.5 billion debt restructuring had received approval…
[ad_1] FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Bitcoin tumbled more than 7.5 percent on Tuesday to below $4,500 BTC=BTSP, knocking off nearly a third in value of the world’s best-known cryptocurrency’s losses within a…
[ad_1] FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su SINGAPORE (Reuters) – Singapore authorities said on Tuesday that they are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements and breaches of disclosure requirements under the city-state’s laws. Authorities are also looking…
[ad_1] FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. REUTERS/Thomas Peter COPENHAGEN (Reuters) – Alphabet Inc’s (GOOGL.O) Google will invest 4.5 billion Danish crowns ($690 mln) in building a new data center in Fredericia, Denmark, its Danish business said on Tuesday. Google has…
[ad_1] FILE PHOTO: A Google logo is seen at the company’s headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam COPENHAGEN (Reuters) – Alphabet Inc’s (GOOGL.O) Google will invest 4.5 billion Danish crowns ($690 million) in building a new data center in Fredericia, Denmark, its Danish unit announced on Tuesday. Besides its…
[ad_1] SINGAPORE (Reuters) – Oil markets lost steam on Tuesday as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at…
[ad_1] TOKYO (Reuters) – Nissan Motor Co’s shares fell more than 6 percent on Tuesday as Chairman Carlos Ghosn’s arrest a day earlier sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance. Nissan said on Monday an internal investigation triggered by a tip-off from…
[ad_1] HONG KONG (Reuters) – Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters. FILE PHOTO: A man looks at the Pudong financial district of Shanghai November 20,…
[ad_1] BENGALURU (Reuters) – The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down. FILE PHOTO: A jogger runs past the Federal Reserve building…
[ad_1] CHICAGO (Reuters) – Boeing Co (BA.N) plans to hold a conference call with airlines on Tuesday morning to discuss systems on the 737 MAX model that crashed in Indonesia last month, according to four sources with familiar with the matter. FILE PHOTO: Indonesian National Transportation Safety Commission (KNKT) officials examine a turbine engine from…
[ad_1] FILE PHOTO: The logo of Jeju Air is seen at its office near Gimpo Airport in Seoul, South Korea, August 21, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Jeju Air Co Ltd (089590.KS), South Korea’s biggest low-cost carrier, purchased 40 Boeing (BA.N) 737 Max 8 planes worth $4.4 billion, the airline said on Tuesday. The…
[ad_1] TOKYO (Reuters) – Japan’s Nikkei fell on Tuesday morning as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn’s arrest and dismissal. FILE PHOTO: A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan,…
[ad_1] SINGAPORE (Reuters) – Oil prices were stable on Tuesday on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a surge in output from the United States. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum…
[ad_1] TOKYO (Reuters) – Asian stock markets slipped on Tuesday, extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. A man walks past an electronic stock quotation board outside a brokerage in…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Tuesday as markets expected producer club OPEC to agree to supply cuts at their next meeting on Dec. 6, aimed at preventing oversupply amid slowing demand growth and a surge in output from the United States. FILE PHOTO: Oil pours out of a spout from Edwin…
[ad_1] TOKYO (Reuters) – Shares of Nissan Motor Co were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance. In a late-night announcement on Monday, Nissan said Ghosn was…
[ad_1] RIO DE JANEIRO (Reuters) – A University of Chicago-trained economist named on Monday to head Brazil’s Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production. FILE PHOTO: The logo of Brazil’s state-run oil company Petrobras is pictured in the…
[ad_1] After years of waiting, British Columbians may finally be able to catch a ride in an Uber or Lyft — but not quite yet. The B.C. government introduced legislation Monday to allow ride-hailing in the province by sometime in 2019. The proposed changes include amendments to eight provincial statutes. “This is milestone legislation that gets…
[ad_1] FILE PHOTO – A U.S. Air Force maintainer makes his way into a hangar packed with RQ-4 Global Hawk aircraft, at an Air Force base in Arabian Gulf, March 14, 2017. REUTERS/Hamad I Mohammed WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N) has been awarded a $490 million U.S. defense contract for the sale to…
[ad_1] NEW YORK (Reuters) – The Federal Reserve is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance that would keep the economy expanding, one of its most influential members said on Monday in the face of growing doubts in financial markets. San Francisco Federal Reserve President…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. The Dow Jones Industrial Average fell 395.78 points, or 1.56 percent, to 25,017.44, the S&P 500 lost 45.56 points, or 1.67…
[ad_1] Minnesota regulators have reaffirmed their support for Enbridge Energy’s proposal to replace its aging Line 3 crude oil pipeline across northern Minnesota. The Public Utilities Commission on Monday rejected a motion by opponents to reconsider its previous decision to grant a certificate of need for the project. And the commissioners agreed that Calgary-based Enbridge…
[ad_1] Back in September, Microsoft announced a virtual desktop solution that lets customers run Office 365 and Windows 10 in the cloud. They mentioned several partners in the announcement who were working on solutions with them. One of those was FSLogix, a Georgia virtual desktop startup. Today, Microsoft announced it has acquired FSLogix. It did…
[ad_1] If a Brexit deal falls in the British Parliament and no one is around to save it, does Theresa May survive as prime minister? Of the glut of existential questions facing Britain at this crucial moment, that is perhaps one of the easier ones to answer. If the House of Commons votes down May’s…
[ad_1] New York stocks slid on Monday with technology stocks leading the way after an Asia Pacific Economic Co-operation meeting this weekend highlighted the trade tensions between the U.S. and China. The Dow was down 1.9 per cent at 24,966 and the Nasdaq fell three per cent to 7,221 by mid-afternoon. In Toronto, concern over…
[ad_1] A view shows the logo on the headquarters of French bank Societe Generale at the financial and business district of La Defense near Paris, France, September 6, 2017. Picture taken September 6, 2017. REUTERS/Gonzalo Fuentes WASHINGTON (Reuters) – French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.34…
[ad_1] NEW YORK (Reuters) – Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts. A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October…
[ad_1] NEW YORK (Reuters) – Barclays Plc (BARC.L) is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday. FILE PHOTO: A branch of Barclays bank is…
[ad_1] Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each. That price represents a 4.2 per cent premium to Stelco’s closing…
[ad_1] Nissan Motor’s chair Carlos Ghosn has been arrested and will be dismissed for alleged under-reporting of his income and misuse of company funds, the company said Monday. The Japanese automaker’s chief executive Hiroto Saikawa confirmed that Ghosn was arrested after being questioned by prosecutors following his arrival in Japan earlier in the day. It…
[ad_1] The opening photo call at the Asia-Pacific Economic Co-operation (APEC) summit Saturday turned out to be a useful roadmap for what unfolded in Papua New Guinea’s capital this past weekend. Front and centre in the shot: Xi Jinping. Stiff and straight, offering an authoritarian smile. Maybe it was the alphabet that put the Chinese…
[ad_1] Officials were trying Monday to determine the impact of Friday’s estimated 250,000-litre oil spill — the largest in Newfoundland and Labrador’s history — in the White Rose offshore oil field. The oil is believed to have spilled from a flowline to the SeaRose floating production storage and offloading vessel (FPSO), which is stationed about 350 kilometres off the east…
[ad_1] Canada Post has proposed a “cooling-off period” with its largest union that would see rotating strikes put on hold through the holiday season while the two sides work with a government-appointed mediator to end the dispute. The Canadian Union of Postal Workers has staged rotating strikes since the middle of October. The union rejected the company’s…
[ad_1] YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s French…
[ad_1] COPENHAGEN (Reuters) – The whistleblower who revealed alleged money laundering involving Danske Bank (DANSKE.CO) said on Monday that a major European lender helped process up to $150 billion in suspicious payments and two U.S. banks were also involved. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob…
[ad_1] COPENHAGEN (Reuters) – The whistleblower who revealed suspected money laundering involving Danske Bank (DANSKE.CO) said on Monday that two major U.S. and one European banks were among several which had helped process suspicious payments. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt/File Photo Payments totaling…
[ad_1] French President Emmanuel Macron attends a joint news conference with Belgian Prime Minister Charles Michel (not seen) at Egmont Palace, on the first day of an official state visit, in Brussels, Belgium November 19, 2018. REUTERS/Yves Herman PARIS/BRUSSELS (Reuters) – France will work to preserve the stability of Renault (RENA.PA) and its alliance with…
[ad_1] PARIS (Reuters) – In his 40 years in the auto industry, the praise Carlos Ghosn has won for turning around businesses has regularly been matched by criticism over the amount he has been paid to do it. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks at the Tomorrow In Motion…
[ad_1] TOKYO (Reuters) – Nissan Motor Co Ltd (7201.T) said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of…
[ad_1] TOKYO (Reuters) – Nissan Motor Co Ltd (7201.T) said on Monday it was moving to terminate Carlos Ghosn from his chairman’s post after finding that he had used company money for personal use and committed several other serious acts of misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the…
[ad_1] COPENHAGEN (Reuters) – Danske Bank (DANSKE.CO) has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament on Monday. FILE PHOTO: Danske Bank sign is seen at the bank’s Estonian branch in Tallinn, Estonia August…
[ad_1] FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – IPhone maker Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on…
[ad_1] Canadians trying to buy the electric vehicle of their choice in many parts of the country are finding it almost impossible — and a provincial strategy intended to get more green cars onto dealers’ lots may actually make the problem worse. The strategy — called a zero-emission vehicle standard, or “ZEV mandate” — has already been imposed in Quebec. There are now widespread rumours that…
[ad_1] (Reuters) – Shares of cash-rich firms in Asia have weathered this year’s sell-off in much better shape than key stock indexes, a Reuters analysis showed, reinforcing views that investments in companies with strong finances safeguard returns during market crises. A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end. A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Front-month…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end. A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Front-month Brent crude oil futures were…
[ad_1] PORT MORESBY (Reuters) – The C in APEC stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other’s policies, it was always going to be hard work delivering on that. U.S. Vice President Mike Pence reacts as he walks past China’s President…
[ad_1] SYDNEY (Reuters) – Share markets turned mixed in Asia on Monday amid conflicting signals on the prospects for a truce in the Sino-U.S. trade dispute, while the Federal Reserve’s newly-found concerns over the global economy constrained the dollar. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November…
[ad_1] SINGAPORE (Reuters) – Oil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end. A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Despite that, market sentiment remains weak on…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Despite that, market sentiment remains weak…
[ad_1] SYDNEY (Reuters) – Asian shares crept cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while the Federal Reserve’s new-found concern on the global economy undermined the dollar. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13,…
[ad_1] Avocados have become so ubiquitous they are easy to take for granted. But there’s a battle taking place behind the scenes that could cause prices to rise for the hot commodity. Canadians love avocado. In fact, imports to the country have increased 40 per cent since 2013, and the vast majority — 94 per cent — of…
[ad_1] A Winnipeg retiree fought back after finding himself on the hook to pay for an Air Canada flight he didn’t book, and never took. Claude Neblett was charged more than $700 after a website malfunction took his credit card details, but didn’t issue him an airline ticket. “I was very, very angry. Very upset,” said…
[ad_1] SYDNEY (Reuters) – Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar. A man walks past an electronic stock quotation board outside a brokerage in…
[ad_1] Eastern Europe’s chronic labor shortage is feeding into corporate takeover activity, with some companies making acquisitions to snap up skilled workers or obtain expertise needed to expand their businesses. [ad_2] Source link
[ad_1] MILAN (Reuters) – Barely a year into the job as the boss of Italy’s biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate. FILE PHOTO: Alitalia special commissioner Luigi Gubitosi, appointed CEO of…
[ad_1] NEW YORK (Reuters) – California utility PG&E Corp (PCG.N), facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when the blaze started. An electricity pole damaged by the Camp Fire lies near a Pacific…
[ad_1] All Newfoundland and Labrador offshore facilities have been temporarily shut down as a safety precaution due to stormy seas and will not resume operations until the offshore industry regulator says it’s safe to do so. The Canada-Newfoundland and Labrador Offshore Petroleum Board confirmed the shutdown Saturday, in the wake an offshore spill that was the…
[ad_1] A national coalition of advocacy groups wants major reforms to Canada’s foreign caregiver program in hopes of improving working conditions and offering a more reliable path to permanent residency. A new report published on Sunday features personal stories of hundreds of care workers who have struggled with family separation, difficult, and at times, abusive…
[ad_1] LONDON (Reuters) – Brexit will be foremost in investors’ minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing. British Prime Minister Theresa May is fighting for her political life after the draft divorce…
[ad_1] Diane Greene announced on Friday that she was stepping down after three years running Google’s cloud business. She will stay on until the first of the year to help her successor, Thomas Kurian in the transition. He left Oracle at the end of September after more than 20 years with the company, and is charged with making…
[ad_1] LONDON (Reuters) – Nespresso, part of food giant Nestle, aims to use sustainable aluminum in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday. A Nespresso logo is pictured on a coffee factory at Nestle in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse Both companies…
[ad_1] DUBAI (Reuters) – Global ports operator DP World DPW.DI believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday. Sultan Ahmed bin Sulayem, Chairman and Chief Executive Officer of DP World, gestures during the World Government Summit in Dubai,…
[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. Ikea wants your used furniture You can trade in those old Ikea chairs for new stuff — as long as you can haul them to the store yourself. The retailer has launched…
[ad_1] There is no end in sight for rotating strikes hitting Canada Post deliveries, after the postal workers’ union rejected the corporation’s contract offer and countered with its own proposal. The Canadian Union of Postal Workers released a list of demands on Saturday in response to the company’s offer presented Nov. 14 and set to…
[ad_1] FILE PHOTO: The sun sets behind the financial district early evening in Frankfurt, Germany, October 10, 2018. REUTERS/Kai Pfaffenbach/File Photo BERLIN (Reuters) – Forty-four percent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain…
[ad_1] HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. The logo of Chevron Corp is seen in its booth at…
[ad_1] Alberta oil producers have been struggling with low crude prices for months, but the situation leapt to national prominence this week as prices skidded below $14 US a barrel and some companies began calling for the provincial government to mandate production cuts. Opinion on whether Premier Rachel Notley should intervene in the marketplace is divided — not all companies…
[ad_1] The Bank of Canada released data this week that shows stricter mortgage rules along with higher interest rates have helped slow the growth of risky mortgages, but some economists question whether over-leveraged borrowers are simply turning to the unregulated mortgage market. The central bank’s analysis said tougher mortgage qualification tests have helped to drastically cut…
[ad_1] A J.Crew store logo is pictured on a building along the Lincoln Road Mall in Miami Beach, Florida March 17, 2016. REUTERS/Carlo Allegri NEW YORK (Reuters) – J.Crew Group Inc, known for its preppy men’s and women’s clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately.…
[ad_1] The Canadian Union of Postal Workers has rejected Canada Post’s latest offer in their labour dispute as a delivery backlog weighs on consumers placing orders for packages during the busiest shopping period of the year. The two parties have been negotiating for nearly a year, and the Crown corporation set midnight tonight as the deadline to accept…
[ad_1] FILE PHOTO: German Transport Minister Andreas Scheuer addresses a news conference in Berlin, Germany, November 8, 2018. REUTERS/Fabrizio Bensch BERLIN (Reuters) – Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday. Scheuer told Focus in an interview…
[ad_1] FILE PHOTO – A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018. Picture taken June 22, 2018. REUTERS/Stephen Lam (Reuters) – Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to…
[ad_1] NEW YORK (Reuters) – The wild swings in the shares of PG&E Corp (PCG.N) over the past week have drawn a rush of trading in the electricity provider’s options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term. Employees of Pacific Gas & Electric…
[ad_1] BERLIN (Reuters) – Airbus (AIR.PA) and France’s Dassault Aviation (AVMD.PA) will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter. A Dassault Aviation logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva…
[ad_1] WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford…
[ad_1] NEW YORK (Reuters) – Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City,…
[ad_1] (Reuters) – Viacom Inc (VIAB.O) on Friday announced a multi-picture deal with Netflix (NFLX.O), and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content. The Viacom office is seen…
[ad_1] SAN FRANCISCO (Reuters) – Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business. FILE PHOTO: A Google logo is seen at the company’s…
[ad_1] PARIS/CHICAGO (Reuters) – U.S. carrier Delta Air Lines (DAL.N) said on Friday it ordered 10 Airbus (AIR.PA) A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model. Passengers check in at a counter of Delta Air Lines in Mexico…
[ad_1] NEW YORK (Reuters) – The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal. British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo.…
[ad_1] NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe…
[ad_1] NEW YORK (Reuters) – The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties. Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the third quarter, buybacks by S&P…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming…
[ad_1] (Reuters) – The chief of California’s top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E (PCG.N) caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of…
[ad_1] FILE PHOTO – A logo for ABC is pictured atop a building in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni (Reuters) – Karey Burke will replace Channing Dungey as president of Walt Disney’s (DIS.N) ABC Entertainment, the company said on Friday. Burke is currently head of original programming for Disney’s cable channel Freeform. Dungey,…
[ad_1] MONTREAL, TORONTO (Reuters) – Bombardier Inc’s (BBDb.TO) top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 20 percent, sources familiar with the matter said. A Bombardier trade pavilion is seen at Farnborough International Airshow in…
[ad_1] MILAN (Reuters) – Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy’s biggest telecoms group Telecom Italia (TIM) (TLIT.MI), two sources familiar with the matter said. Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016.…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but declines in shares…
[ad_1] MONTREAL (Reuters) – Bombardier Inc’s (BBDb.TO) top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 23 percent in afternoon trading, two sources familiar with the matter said. A Bombardier trade pavilion is seen at Farnborough…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.…
[ad_1] Canadians hoping to receive packages from international shippers while rotating strikes impact Canada Post operations may be waiting a long time. Britain’s Royal Mail says it is suspending shipments to Canada as a result of the Crown corporation’s labour dispute. Online marketing giant eBay says it has also received a similar notification from China…
[ad_1] (Reuters) – The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nvidia weighed on the Nasdaq. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid President Donald…
[ad_1] Diane Greene announced in a blog post today that she would be stepping down as CEO of Google Cloud and will be helping transition former Oracle executive Thomas Kurian to take over early next year. Greene took over the position almost exactly three years ago when Google bought Bebop, the startup she was running.…
[ad_1] BlackBerry Ltd. has signed a deal to acquire U.S. artificial intelligence and cybersecurity company Cylance for US$1.4 billion in cash. The Ontario-based company called Cylance a pioneer in applying artificial intelligence, algorithmic science and machine learning to cybersecurity software. “Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and…
[ad_1] The federal government is expected to lay out fresh plans next week to support Canada’s struggling news industry. The measures, expected in Finance Minister Bill Morneau’s fall economic statement Wednesday, will be designed to help journalism remain viable after years of shrinking advertising revenues. The decline has already shuttered newsrooms, led to job cuts…
[ad_1] (Reuters) – The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid Energy stocks…
[ad_1] PARIS/CHICAGO (Reuters) – U.S. carrier Delta Air Lines (DAL.N) said on Friday it ordered 10 Airbus (AIR.PA) A330neo long-haul jets, becoming the first U.S. airline to operate the next-generation of Airbus aircraft and giving a boost to the slow-selling European model. Passengers check in at a counter of Delta Air Lines in Mexico City,…
[ad_1] (Reuters) – Shares of embattled utility PG&E Corp (PCG.N) jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support for the company from one regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire…
[ad_1] ZURICH (Reuters) – A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen in…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution to Volkswagen…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga,…
[ad_1] (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. A man walks past television screens during the shopping season, ‘El Buen Fin’ (The Good Weekend), at a Sam’s Club store, in the early hours of Friday, in…
[ad_1] (Reuters) – Worries about how fast the computing world will transition to Nvidia Corp’s (NVDA.O) next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips. FILE PHOTO – The logo of technology company Nvidia is…
[ad_1] FILE PHOTO: A sign is displayed on the building Blackberry’s offices in Waterloo, Ontario, Canada, May 29, 2018. REUTERS/Mark Blinch (Reuters) – BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity on Friday with the $1.4 billion purchase of California-based machine-learning specialists Cylance. The Canadian technology company, which dominated the smartphone market a…
[ad_1] FILE PHOTO: Danske Bank flags flutter at the bank’s Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File Photo COPENHAGEN (Reuters) – U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank’s Estonia branch, which is at the center of a money…
[ad_1] LONDON (Reuters) – European stocks recovered but sterling and the euro remained fragile on Friday, after some of the most dramatic 24 hours yet in the Brexit process and another turbulent week for world markets. British Pound Sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017.…
[ad_1] JOHANNESBURG (Reuters) – U.S. Deere & Co (DE.N) expects to see demand for its farm equipment in Africa grow 8 to 10 percent annually in the coming years, driven by expansion in key markets like Ethiopia and Zimbabwe, a local company executive said. FILE PHOTO: A worker uses a John Deere tractor to spray…
[ad_1] FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) – T-Mobile US Inc TMUS.N could close its acquisition of Sprint Corp (S.N) as early as the first quarter of next year, based on indications…
[ad_1] TOKYO (Reuters) – The United States ambassador to Japan defended his country’s trade policies on Friday, saying they were not protectionist and were aimed at creating a more level playing field for American companies. Japan’s Foreign Minister Taro Kono, U.S. special representative for North Korea Stephen Biegun and U.S. ambassador to Japan William Hagerty…
[ad_1] In a tight labour market, workers with in-demand skills may have the leverage they need to snag coveted telecommuting privileges. But seasoned remote workers and an economist who studies productivity said there’s still a negative perception that stands in the way of making those arrangements happen. Glenn Dutcher, an assistant professor of economics at Ohio University, studies the…
[ad_1] FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/File Photo BARCELONA (Reuters) – SAP (SAPG.DE), the German business software company, still expects its margins to expand after its $8 billion takeover of Qualtrics, the U.S. company that specializes in tracking the sentiment of consumers online, CFO Luka Mucic…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) Chairman and Chief Executive Mark Zuckerberg on Thursday defended his response to Russian election meddling on the world’s largest social media network and issued a new plan aimed at stifling misbehavior while maintaining a vibrant hub for online speech. FILE PHOTO: Facebook’s founder and CEO Mark Zuckerberg…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin Brent crude…
[ad_1] (Reuters) – A second South Carolina jury on Thursday failed to reach a verdict in the retrial of a case by a woman whose family said her long-term use of Johnson & Johnson’s (JNJ.N) baby powder led to her death from asbestos-related cancer. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is…
[ad_1] FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars…
[ad_1] SAN FRANCISCO/LOS ANGELES (Reuters) – PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California. Employees of Pacific Gas &…
[ad_1] SYDNEY (Reuters) – Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector. An employee of a foreign exchange trading company works in front of monitors in Tokyo, Japan November 7, 2018.…
[ad_1] SINGAPORE (Reuters) – The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo Both…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin U.S. West…
[ad_1] SYDNEY (Reuters) – Asian shares shed early gains on Friday after disappointing results from U.S. chipmaker Nvidia Corp hammered its stock and sent selling rippling through the entire tech sector. An employee of a foreign exchange trading company works in front of monitors in Tokyo, Japan November 7, 2018. REUTERS/Toru Hanai The British pound…
[ad_1] SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. FILE PHOTO: Investors look at computer screens showing stock information on the first trading day after the New Year holiday…
[ad_1] SYDNEY (Reuters) – The CEOs of Australia’s top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry. FILE PHOTO: A Commonwealth Bank of Australia logo adorns the…
[ad_1] FILE PHOTO – The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker (Reuters) – The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc (BBDb.TO) to halt stock trades under…
[ad_1] SINGAPORE (Reuters) – Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei…
[ad_1] Alberta Premier Rachel Notley says the low price of western Canadian crude has become a serious problem for the country’s economy, adding her government is “furiously” seeking solutions. But while the province and the oilpatch explore their options, Notley said there’s a lack of agreement around the sector on the controversial call for her government to mandate temporary production cuts. Though the province has an…
[ad_1] SAN FRANCISCO (Reuters) – PG&E Corp shares soared 37 percent in after-hours trade on Thursday after a report that a California regulatory official told investors that the agency does not want the utility to go into bankruptcy. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise,…
[ad_1] FILE PHOTO – The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker (Reuters) – The Canadian province of Quebec’s securities watchdog said on Thursday it asked Bombardier Inc (BBDb.TO) to halt stock trades under…
[ad_1] SYDNEY (Reuters) – The British pound lay battered in Asia on Friday after a bout of political turmoil fanned fears the country could crash out of the European Union without a divorce deal. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo Asian share markets looked set to fare better as hopes…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters on Thursday. FILE PHOTO: Flags fly over the Tesla Inc. Gigafactory 2, which is…
[ad_1] Uber announced today at the 2018 Uber Open Summit that it was joining the Linux Foundation as a Gold Member, making a firm commitment to using and contributing to open-source tools. Uber CTO Thuan Pham sees the Linux Foundation as a place for companies like his to nurture and develop open-source projects. “Open source…
[ad_1] FILE PHOTO – U.S. Senator Amy Klobuchar (D-MN) speaks during a Senate Judiciary Committee meeting to vote on the nomination of Judge Brett Kavanaugh to be a U.S. Supreme Court associate justice on Capitol Hill in Washington, U.S., September 28, 2018. REUTERS/Jim Bourg WASHINGTON (Reuters) – A Democratic U.S. senator said on Thursday she…
[ad_1] Furniture retailer Ikea has launched a new program that will allow people to bring back gently used furniture to be resold at their stores, reducing the amount of waste that goes to landfills while giving their customers store credit to buy more stuff. The retailer first pitched the idea more than two years ago…
[ad_1] (Reuters) – Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is “personally outraged” that any of the bank’s officials would take the actions laid out in U.S. government charges of fraud involving Malaysia’s state controlled investment bank, 1MDB. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg…
[ad_1] It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside…
[ad_1] FILE PHOTO – U.S. Trade Representative Robert Lighthizer gestures as he testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the proposed budget estimates and justification for FY2019 for the Office of the United States Trade Representative, at the Dirksen Senate Office Building in Washington, U.S., July 26, 2018. REUTERS/Mary…
[ad_1] As large organizations grapple with adopting modern work practices without throwing out all of their legacy software, a company that works with them is making an acquisition that it hopes will help with that process. Citrix today is announcing that it has acquired Sapho, a startup that develops “micro apps” for legacy software so that…
[ad_1] Canadian drivers are seeing the lowest prices for gasoline in months, as a slump in the price of crude oil has hit gas stations. The price of the North American crude oil benchmark known as West Texas Intermediate is hovering at just over $56 a barrel on Thursday, a drop of more than $20 since…
[ad_1] U.S. Trade Representative Robert Lighthizer gestures as he testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the proposed budget estimates and justification for FY2019 for the Office of the United States Trade Representative, at the Dirksen Senate Office Building in Washington, U.S., July 26, 2018. REUTERS/Mary F. Calvert WASHINGTON…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. FILE PHOTO: The logo of the web service Amazon is pictured…
[ad_1] FILE PHOTO: A worker cleans returned shopping baskets at the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. REUTERS/Peter Nicholls/File Photo BARCELONA (Reuters) – Ocado (OCDO.L), the online supermarket providing technology to U.S retailer Kroger, sees opportunities to strike more deals with established grocers in Europe, Asia and South America, and…
[ad_1] (Reuters) – U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid Department…
[ad_1] (Reuters) – J.C. Penney Co Inc (JCP.N) predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results on Thursday due to heavy discounting aimed at righting the company. FILE PHOTO: A J.C. Penney employee helps a customer with her purchase at the…
[ad_1] ZURICH (Reuters) – Companies should set up portable accounts to pay for life-long learning to help workers upgrade their skills and remain employable as robots take over more jobs, Adecco Group (ADEN.S) Chief Executive Alain Dehaze said. CEO Alain Dehaze of Swiss Adecco Group is seen during an interview with Reuters in Zurich, Switzerland…
[ad_1] The market for RPA — Robotic Process Automation — is getting a hat trick of news this week: Automation Anywhere has today announced that it has raised $300 million from the SoftBank Vision Fund. This funding, which values Automation Anywhere at $2.6 billion post-money, is an extension to the Series A the company announced…
[ad_1] Suncor Energy Inc. says Steve Williams will retire as chief executive after the company’s annual meeting next May. Williams, 62, joined Suncor in 2002 and took the helm of Canada’s largest energy producer by market capitalization from longtime CEO Rick George when he retired in 2012. Williams has been one of the more outspoken…
[ad_1] Canadian home sales fell in October, as the number of transactions dropped in more than half of all local markets led by dips in Montreal, Edmonton and the Hamilton-Burlington, Ont., area. The Canadian Real Estate Association says national home sales through its MLS system dropped by 1.6 per cent last month compared with September.…
[ad_1] We hear so much about managing the customer relationship, but companies have to manage the products they sell too. Propel, a Santa Clara startup, is taking a modern cloud approach to the problem, and today it landed an $18 million Series B investment. The round was led by Norwest Venture Partners. Previous investors Cloud…
[ad_1] Canadian police have not seen a spike in cannabis-impaired driving one month since legalization, but there needs to be more awareness of laws around storing marijuana in vehicles and passengers smoking weed, law enforcement officials say. The Canadian Press canvassed police forces and provincial and territorial Crowns across the country and while some said…
[ad_1] ABU DHABI (Reuters) – When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. FILE PHOTO: A fisherman pulls in his net as an oil tanker is seen at the port in the northwestern…
[ad_1] Docker and Mulesoft have announced a broad deal to sell products together and integrate their platforms. As part of it, Docker is getting an investment from Salesforce, the CRM giant that acquired Mulesoft for $6.5 billion last spring. Salesforce is not disclosing the size of the stake it’s taking in Docker, but it is…
[ad_1] FILE PHOTO – People attend the Executive Branch Job Fair hosted by the Conservative Partnership Institute at the Dirksen Senate Office Building in Washington, U.S., June 15, 2018. REUTERS/Toya Sarno Jordan WASHINGTON (Reuters) – The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were…
[ad_1] MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) is a “delicate dance.” FILE PHOTO: Jim Hackett, CEO of Ford Motor Company, listens…
[ad_1] FILE PHOTO A cashier smiles beyond a Walmart logo during the kick-off of the ‘El Buen Fin’ (The Good Weekend) holiday shopping season, at a Walmart store in Monterrey, Mexico, November 17, 2017. REUTERS/Daniel Becerril/File Photo NEW YORK (Reuters) – Walmart Inc (WMT.N) reported better-than-expected quarterly U.S. comparable sales on Thursday and raised its…
[ad_1] PARIS (Reuters) – Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday. FILE PHOTO: A shopper is seen through large lantern decorations at a shopping mall…
[ad_1] ZURICH (Reuters) – Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse (CSGN.S) and UBS (UBSG.S), to investigate a suspected boycott of mobile payment solutions such as Apple Pay (AAPL.O) and Samsung Pay (005930.KS). FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17,…
[ad_1] If data is the new oil, you might think of apps are the cars that need it to move. Now, a startup that has built a platform to let everyone — not just those with technical expertise — make and drive their own “cars” has raised a significant round of funding to grow its…
[ad_1] LONDON (Reuters) – The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors. A two Euro coin is pictured next to an English ten Pound note in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration/File Photo The resignation…
[ad_1] LONDON (Reuters) – Sterling tumbled and the rest of Europe’s share markets groaned on Thursday, after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just 12 hours after it had been unveiled. A man looks at an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] LONDON (Reuters) – The euro strengthened on Thursday as investors cautiously welcomed Britain’s draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased. FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/Illustration Most currencies traded in tight ranges at…
[ad_1] The flooded bottom of an abandoned silver mine is an unlikely source of hope. But down there in the flickering light, a once worthless metal known as cobalt has sat idle for decades. Now it’s one of the most sought after metals in the world and that has many in this town in northern Ontario…
[ad_1] SAN FRANCISCO (Reuters) – A raft of profit warnings from Apple Inc (AAPL.O) suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth. FILE PHOTO: A customer compares the size…
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses…
[ad_1] FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company General Electric is shown at their subsidiary company GE Aviation in Santa Ana, California, U.S., April 13, 2016. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Several prominent investors raised their stakes in General Electric Co (GE.N) in the third quarter,…
[ad_1] FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo ZURICH (Reuters) – Switzerland’s competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse (CSGN.S) and UBS (UBSG.S) as it probes a suspected boycott of mobile payment solutions such…
[ad_1] NEW YORK (Reuters) – Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s (PCG.N) tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest wildfire. PG&E said liabilities related to the wildfire ravaging northern California…
[ad_1] FILE PHOTO: A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015. REUTERS/Matt Mills McKnight WASHINGTON (Reuters) – American Airlines Group Inc (AAL.O) said on Wednesday it was “unaware” of some functions of an anti-stall system on…
[ad_1] SINGAPORE (Reuters) – The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, but gains were capped by concerns over whether that plan will win parliamentary approval. A two Euro coin is pictured next to an English ten Pound note…
[ad_1] NEW YORK (Reuters) – Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company. FILE PHOTO: The logo and ticker for Campbell…
[ad_1] SINGAPORE (Reuters) – The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains. FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] SINGAPORE (Reuters) – Singapore Airlines Ltd (SIAL.SI) is facing no problem selling business-class tickets on its ultra-long non-stop flights to the United States but is having to price premium economy seats very attractively, a senior executive said on Wednesday. FILE PHOTO: Singapore Airlines planes are pictured on the tarmac at Changi Airport March 28,…
[ad_1] SAN FRANCISCO (Reuters) – Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Enrique Salem, managing director at Bain Capital Ventures, in San Francisco, California, U.S., is…
[ad_1] FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect…
[ad_1] The head of one of the country’s largest oilsands producers says Canada’s oil price woes are reaching an “emergency situation,” and on Wednesday saw his company’s call for production cuts echoed by a competitor. Oil “is a provincial resource and… we’re giving it away for free,” Cenovus Energy CEO Alex Pourbaix said on CBC Calgary’s morning show, The Eyeopener. “Nobody is making money at…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal. A man looks at an electronic stock quotation board outside a…
[ad_1] FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo LAGOS (Reuters) – General Electric Co (GE.N) has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines…
[ad_1] FILE PHOTO: The entrance sign to Facebook headquarters is seen in Menlo Park, California, October 10, 2018. REUTERS/Elijah Nouvelage/File Photo WASHINGTON (Reuters) – Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook cannot be trusted to regulate itself and Congress should…
[ad_1] (Reuters) – PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face “significant liability” in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. A car destroyed by the Camp Fire is seen in Paradise,…
[ad_1] (Reuters) – Victims of California’s deadliest wildfire have filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people. FILE PHOTO: Damaged power pole following the deadly Camp Fire blocks a path in Paradise, California, U.S., November…
[ad_1] When Oracle filed a protest in August with the Government Accountability Office (GAO) that the Pentagon’s $10 billion JEDI RFP process was unfair, it probably had little chance of succeeding. Today, the GAO turned away the protest. The JEDI contract has been set up as a winner-take-all affair. With $10 billion on the table, there…
[ad_1] Canada Post has issued what it calls a “time-limited” contract offer to its employees in the hope of ending rotating strikes that have created a historic backlog of undelivered parcels. The offer came just hours after online sales and auctioning giant eBay called on the federal government to legislate an end to the Canada Post…
[ad_1] (Reuters) – The Federal Communications Commission on Wednesday launched the agency’s first high-band 5G spectrum auction as it works to clear space for next-generation faster networks. FILE PHOTO – A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman Bidding is beginning on Wednesday on spectrum…
[ad_1] (Reuters) – A California jury on Wednesday cleared Johnson & Johnson (JNJ.N) of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in…
[ad_1] NEW YORK (Reuters) – Wall Street’s major stock indexes fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as financials were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives. A trader works on…
[ad_1] PagerDuty, an eight-year-old, San Francisco-based company that sends companies information about their technology, doesn’t receive a fraction of the press that other fast-growing enterprise software companies receive. In fact, though it counts as customers heavyweight companies like Capital One, Spotify and Netflix; it employs 500 employees; and it has five offices around the world,…
[ad_1] A new refinery touted as part of the solution to Alberta’s oversupply of heavy oil likely won’t begin processing oilsands bitumen until year-end, several months later than expected. That means 80,000 barrels per day of diluted bitumen that would have been delivered to the $9.7-billion Sturgeon Refinery near Edmonton is instead joining the queue…
[ad_1] Shares in California’s electricity and natural gas utility are being hammered after the company revealed it doesn’t have enough cash and insurance to cover losses stemming from the devastating wildfire that may have been sparked by some of its equipment. Pacific Gas & Electricity lost 25 per cent of its value on Wednesday after the…
[ad_1] Travel continues to be one of the biggest verticals online, projected to be worth over $1 trillion by 2022, and today a startup that helps travel-related businesses connect the dots between their products and would-be customers is raising a large round of funding to capitalise on that. Sojern, a company that works with businesses…
[ad_1] (Reuters) – U.S. stocks fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as Apple Inc (AAPL.O) continued to lead a retreat in technology stocks and financials were hit by fears that sector-wide regulations would no longer be eased. A trader works on the floor at the New…
[ad_1] A wave of security startups have built solutions for enterprises that are meeting the challenges of “consumerization”, where IT organizations are tasked with securing a range of devices and apps — some brought in by employees, not issued by IT — that are on the organization’s networks. Today, a startup based out of Israel…
[ad_1] BARCELONA (Reuters) – Dialog Semiconductor (DLGS.DE) said on Wednesday it was not seeing a hit to demand from its main customer, Apple Inc (AAPL.O), after some suppliers issued profit warnings due to weakness in iPhone sales. FILE PHOTO – A woman checks her phone at a flagship Apple store at Iconsiam shopping mall in…
[ad_1] UiPath, a startup that works in the growing area of RPA, or robotic process automation — where AI-based software is used to help businesses run repetitive or mundane back-office tasks, to free up humans to tackle more sophisticated work — has raised money for the third time this year. The company is today announcing…
[ad_1] NEW YORK (Reuters) – Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while the dollar held losses against a basket of currencies following data showing U.S. inflation increased at a rate in line with expectations. Traders work on the floor at the New York Stock…
[ad_1] It’s not always easy to do the right thing or to make ethical decisions in a complex business environment. People get lost inside large organizations and group think can overwhelm even normally ethical individuals. Converscent has created a platform to help, and today it announced a new benchmarking dashboard to allow companies to measure…
[ad_1] Shares of Canopy Growth Corp., slipped as the cannabis producer reported a wider loss of $330.6 million in its latest quarter, missing analyst estimates, as operating costs surged ahead of the legalization of recreational marijuana in Canada. Revenue for the quarter ended Sept. 30 totalled $23.3 million, up from $17.6 million a year ago…
[ad_1] ServiceTitan, a startup out of Glendale, CA that has built a software platform for home services businesses — in areas like air conditioning, plumbing and electrical repairs — to manage their work, has raised $165 million in what it claims is the “largest software raise in Southern California history.” (That distinction might be specifically…
[ad_1] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks turned lower on Wednesday as early support from tame consumer prices data and a rebound in oil prices faded, with Apple Inc (AAPL.O) leading a decline in…
[ad_1] FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – Sears Holdings Corp (SHLDQ.PK) is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy…
[ad_1] MILAN (Reuters) – Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal. The German share price index DAX graph is pictured at the stock exchange…
[ad_1] The head of Bombardier Inc. is defending his move to lay off 5,000 workers — 3,000 of them in Canada — citing efficiency while leaving the door open to more job cuts down the line. “Yes, it is tough. And yes, many people do not like this. But the fact is we want to…
[ad_1] Microsoft has been all in on AI this year, and in the build versus buy equation, the company has been leaning heavily toward buying. This morning, the company announced its intent to acquire Xoxco, an Austin-based software developer with a focus on bot design, making it the fourth AI-related company Microsoft has purchased this…
[ad_1] LONDON (Reuters) – Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum…
[ad_1] (Reuters) – Department store chain Macy’s Inc (M.N) raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as it benefits from a growing online business and a revamped loyalty program. FILE PHOTO: The Macy’s logo is pictured on the side of a building in down town Los Angeles, California,…
[ad_1] ADDIEVILLE, Ill.(Reuters) – Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Members of Illinois Soybean Growers Association and a trade group of grain buyers from Sri Lanka inspect soybeans of Pioneer-DuPont Seed facility in…
[ad_1] FILE PHOTO – TransUnion Corp. President and CEO Jim Peck takes a photo of his company’s logo on the floor of the New York Stock Exchange before the company’s IPO in New York, June 25, 2015. REUTERS/Lucas Jackson (Reuters) – US consumer credit reporting agency TransUnion (TRU.N) said on Wednesday Chief Executive Officer James…
[ad_1] Imagine coating an expensive part with a layer of diamond dust the width of a human hair, capturing its light pattern as a unique identifier, then storing that identifier in a traditional database or on the blockchain. That’s precisely what Dust Identity, a Boston-based startup is trying to do, and today it got $2.3…
[ad_1] MIAMI (Reuters) – Ford Motor Co (F.N), Walmart Inc (WMT.N) and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. FILE PHOTO – The logo of Walmart is seen outside of a new…
[ad_1] FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo SAO PAULO (Reuters) – Blackrock Inc (BLK.N) has reported owning 5 percent of preferential shares in Petroleo Brasileiro SA (PETR4.SA), the state-run oil company said in a statement on Wednesday. Blackrock has no…
[ad_1] LONDON (Reuters) – Oil rose toward $67 a barrel on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that…
[ad_1] People attend a world premiere for new Mercedes Benz A-Class L Sedan in Beijing, China, April 24, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) – German automaker Daimler AG (DAIGn.DE) said on Wednesday it plans to invest 1.1 billion yuan ($158.23 million) in a second research and development center in Beijing to help accelerate localization of…
[ad_1] FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo DUBAI/LONDON (Reuters) – OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three…
[ad_1] More than $100 billion US in tax cuts that were supposed to “make America great again” went into the pockets of well-off investors in U.S. tech companies, according to new research by one of the world’s most influential business newspapers. Just as tech share prices show signs of weakness, there are growing worries that…
[ad_1] (Reuters) – Despite market wobbles, the United States is the most favored equity region for global fund managers, who broadly expect the S&P500 index to rise another 12 percent before peaking, Bank of America Merrill Lynch’s latest investor survey showed on Tuesday. Traders work on the floor at the New York Stock Exchange (NYSE)…
[ad_1] SINGAPORE (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well…
[ad_1] SINGAPORE (Reuters) – Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake…
[ad_1] TOKYO (Reuters) – Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply, while global shares sagged as energy sector strains heightened anxiety about a slow down in the global economy. A man walks past an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration and Boeing Co (BA.N) are evaluating the need for software or design changes to 737 MAX jets in the wake of last month’s deadly Lion Air crash in Indonesia, the regulator said on Tuesday. FILE PHOTO – The Boeing logo is seen at their headquarters in…
[ad_1] BEIJING (Reuters) – China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial output and investment suggested support measures may be starting to take hold. FILE PHOTO: Employees work at a production line of lithium ion batteries inside…
[ad_1] SINGAPORE (Reuters) – The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada…
[ad_1] SINGAPORE (Reuters) – Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at…
[ad_1] TOKYO (Reuters) – Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progress in the Brexit saga. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November…
[ad_1] FILE PHOTO: A Boeing 737 MAX takes off during a flight test in Renton, Washington January 29, 2016. REUTERS/Jason Redmond/File photo (Reuters) – The U.S. aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co (BA.N), following the crash of a Lion Air jet in Indonesia…
[ad_1] BEIJING (Reuters) – China reported a mixed bag of economic data for October on Wednesday, but industrial output and investment grew faster than expected, suggesting a flurry of support measures may be starting to take hold. FILE PHOTO: Employees work at a production line of lithium ion batteries inside a factory in Dongguan, Guangdong…
[ad_1] NEW YORK (Reuters) – The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. A man takes a photograph of the front of the New York Stock Exchange (NYSE) with a Snap…
[ad_1] SINGAPORE (Reuters) – The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. A two Euro coin is pictured next to an English ten Pound note in an illustration taken March 16,…
[ad_1] MEXICO CITY (Reuters) – Tesla Inc co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.” FILE PHOTO – Tesla and SpaceX CEO Elon Musk participates in a “fireside chat” at the National…
[ad_1] NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative…
[ad_1] A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake (Reuters) – Starbucks Corp (SBUX.O) is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters. The elimination of the non-store…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online retailer plans to…
[ad_1] FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, U.S., April 12, 2016. REUTERS/Lucy Nicholson/File Photo (Reuters) – Nike Inc (NKE.N) on Tuesday named former Coca-Cola Co (KO.N) executive Craig Williams as president of its sports shoes unit Jordan Brand. Williams, who will take charge on Jan. 14, most recently…
[ad_1] TransCanada Corp. says it doesn’t know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week, but it is confident the project will make money once it is built and in service. It’s too soon to say what the decision by U.S. District Judge Brian…
[ad_1] One of the country’s largest oilsands players, Cenovus Energy, is urging the Alberta government to implement “temporary” production cuts across the oil sector as Canadian crude prices continue to struggle. A shortage of pipeline capacity is contributing to a huge gap between the price for Canadian crude and the American benchmark, costing some companies and the provincial government dearly. Cenovus says the magnitude…
[ad_1] In the Greater Toronto Area, the added cost of a long commute often offsets the savings to be had from cheaper housing in the suburbs surrounding the city, according to a new study from the Canada Mortgage and Housing Corporation. Homeowners attracted by the affordability of a house with a plot of land in…
[ad_1] NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway’s giant…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new…
[ad_1] FILE PHOTO: JUUL e-cigarette vaping pods are shown in this photo illustration taken September 14, 2018. REUTERS/Mike Blake/Illustration/File Photo (Reuters) – Juul Labs Inc, the U.S. market leader for electronic cigarettes, said Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging…
[ad_1] LONDON (Reuters) – Danske Bank’s (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob…
[ad_1] (Reuters) – The head of Walmart Inc’s (WMT.N) Indian venture Flipkart Group, Binny Bansal, has resigned following an internal probe into “serious personal misconduct”, Walmart said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault. FILE PHOTO – Binny Bansal, Group Chief Executive Officer of India’s…
[ad_1] New numbers in Canada and the United States show that sustainable investing is no longer a niche trend, but rather has become a powerful force in money management that won’t be ignored. A new report from the Forum on Sustainable and Responsible Investment in the U.S. recently calculated that almost $12 trillion US is…
[ad_1] Zendesk has always been strongly focused on customer service in the cloud. They began to look at this more broadly in September when they purchased Base to move into sales automation and CRM. Today, the company announced Zendesk Sunshine, a new platform for creating customer-focused applications on top of Zendesk’s toolset. All of this…
[ad_1] (Reuters) – Dell Technologies Inc (DVMT.N) is working with investment banks to add more cash to a $21.7 billion offer to buy back a “tracking stock” tied to its software company VMware Inc (VMW.N) following investor opposition, people familiar with the matter said on Tuesday. A Dell sign is seen during the China International…
[ad_1] Toronto’s bid for Amazon’s second headquarters, known as HQ2, lost out to not just one location, but two — New York and northern Virginia — yet the Canadian city may be better off without the American retailing giant. Amazon’s initial HQ2 pitch promised as many as 50,000 jobs wherever they ultimately picked. As it turns out, those jobs…
[ad_1] WeWork has picked up another $3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher, ultimately valuing WeWork…
[ad_1] Brookfield Business Partners of Toronto and the Caisse de dépôt et placement du Québec, based in Montreal, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for $13.2 billion US. The business produces batteries for automakers and aftermarket distributors and retailers. The companies say it…
[ad_1] Cognigo, a startup that aims to use AI and machine learning to help enterprises protect their data and stay in compliance with regulations like GDPR, today announced that it has raised an $8.5 million Series A round. The round was led by Israel-based crowdfunding platform OurCrowd, with participation from privacy company Prosegur and State…
[ad_1] Prime Minister Justin Trudeau arrived in Singapore on Tuesday afternoon primed to make his pitch to a Singapore business audience: Amid new barriers to trading with the U.S., why not consider Canada? Trudeau has a busy three days planned at the margins of the Association of Southeast Asian Nations (ASEAN) and East Asia summits. …
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid The S&P 500 and the Nasdaq opened higher on Tuesday, boosted by a rebound in technology stocks and hopes of progress in the U.S.-China trade talks, while losses in Boeing Co (BA.N)…
[ad_1] FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York October 29, 2013. REUTERS/Carlo Allegri/File Photo TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) has appointed former IDG Communications CEO Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday. Friedenberg will…
[ad_1] Today, Real Estate Technology Ventures (RET) Ventures announced the final close of $108 million for its first fund. RET focuses on early-stage investments in companies that are primarily looking to disrupt the North American multifamily rental industry, with the firm boasting a roster of LPs made up of some of the largest property owners…
[ad_1] FILE PHOTO: The towers of the European Court of Justice are seen in Luxembourg, January 26, 2017. Picture taken January 26, 2017. REUTERS/Francois Lenoir/File Photo BRUSSELS (Reuters) – Europe’s top court dealt the food industry a blow on Tuesday as it dismissed an attempt by a Dutch cheese maker to copyright its cream cheese,…
[ad_1] FILE PHOTO: Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. May 11, 2017. REUTERS/Carlo Allegri/File Photo (Reuters) – Tyson Foods Inc (TSN.N) reported quarterly sales on Tuesday that missed Wall Street estimates, as more consumers and restaurants took advantage of…
[ad_1] NEW YORK (Reuters) – Walmart (WMT.N) and Home Depot (HD.N), two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications. FILE PHOTO: The Walmart logo is displayed on a screen on the floor of the…
[ad_1] LONDON (Reuters) – Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway’s giant offshore Johan…
[ad_1] FILE PHOTO – A Home Depot employee is seen outside a store in Los Angeles, California March 17, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Home Depot Inc (HD.N) topped Wall Street estimates for quarterly comparable-store sales on Tuesday, as consumers faced with a shaky U.S. housing market spent more on average at the country’s…
[ad_1] Malaysia’s Prime Minister Mahathir Mohamad speaks after he was conferred an honorary Doctor of Laws degree at the National University of Singapore’s Yong Siew Toh Conservatory of Music in Singapore November 13, 2018. REUTERS/Edgar Su SINGAPORE (Reuters) – Malaysia Prime Minister Mahathir Mohamad said on Tuesday U.S. prosecutors had promised to help return money…
[ad_1] LONDON (Reuters) – European shares recovered on Tuesday after feeling the strain of a tech rout on Wall Street, while political risks in Europe helped the dollar as investors dumped riskier assets. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. REUTERS/Tilman Blasshofer Fears…
[ad_1] ZURICH (Reuters) – Geneva prosecutors are investigating if Credit Suisse (CSGN.S) exercised adequate oversight of money deposited in its accounts that belonged to Turkish investors who suffered losses, Swiss newspaper Tages-Anzeiger reported on Tuesday. FILE PHOTO: Switzerland’s national flags fly beside the logo of Swiss bank Credit Suisse in Zurich, Switzerland April 24, 2017.…
[ad_1] Some of the best known companies in the world have tried — and failed — to market smartglasses to consumers, but a small Canadian company believes it’s ready to show Google, Microsoft and Sony how it’s done. “There’s a massive opportunity, really a mass-market opportunity, for a product like Focals to be successful,” said Aaron Grant, co-founder…
[ad_1] The Rabobank logo is seen at the entrance of its headquarters in Utrecht, Netherlands August 21, 2018. REUTERS/Eva Plevier (Reuters) – Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said…
[ad_1] A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would reduce operating costs by 1.2 billion euros by 2021 and review its tower assets to drive returns after its organic revenue grew by 0.8 percent in…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan…
[ad_1] TAIPEI/SEOUL (Reuters) – Shares in Asian suppliers and assemblers for Apple Inc (AAPL.O) fell on Tuesday after several component makers warned of weaker than expected results, leading some market watchers to call the peak for iPhones in several key markets. FILE PHOTO: A woman checks her phone at a flagship Apple store at Iconsiam…
[ad_1] JAKARTA/LOS ANGELES (Reuters) – Juul Labs Inc is exploring selling its compact vaping devices in Asia and has sounded out government officials in Indonesia, one of the world’s most smoker-friendly countries, although gaining approval there could face significant hurdles. A woman holds a Juul e-cigarette while walking in New York, U.S., September 27, 2018.…
[ad_1] SYDNEY (Reuters) – Asian shares pared losses on Tuesday as hopes for a de-escalation of the Sino-U.S. tariff war drew support from reports that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries’ leaders. People walk past an electronic board showing Japan’s Nikkei average…
[ad_1] Winnipeg-based bus manufacturer New Flyer will lay off 90 people and move the jobs to Shepherdsville, Ky., to deal with increasingly tighter Buy America regulations. New Flyer Industries president Paul Soubry said Buy America rules passed in 2015 under the U.S. Fixing America’s Surface Transportation (FAST) Act demanded 60 per cent U.S. content in buses sold to…
[ad_1] Amazon plans to announce on Tuesday that it has selected New York and northern Virginia as the locations for its new headquarters, according to multiple reports. The retail giant plans to announce on Tuesday its selection of the Queens neighbourhood of Long Island City and an area of Arlington, Va., known as Crystal City, the Wall…
[ad_1] TAIPEI (Reuters) – Shares in Asian suppliers and assemblers for Apple Inc (AAPL.O) fell on Tuesday due to profit warnings that point to weakness in iPhone sales. Thailand’s first flagship Apple store is seen at Iconsiam shopping mall in Bangkok, Thailand November 9, 2018. REUTERS/Soe Zeya Tun Taiwan-based assembler Hon Hai Precision Industry Co…
[ad_1] FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo (Reuters) – Amazon.com Inc (AMZN.O) could announce as early as Tuesday that it has selected New York City and Northern Virginia to be the sites for its second and third headquarters,…
[ad_1] FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo (Reuters) – Amazon.com Inc could announce as early as Tuesday that it has selected New York City and Northern Virginia to be the sites for its second and third headquarters, the…
[ad_1] SYDNEY (Reuters) – An Australian court refused on Tuesday to approve a record A$35 million ($25 million) fine imposed on Westpac Banking Corp (WBC.AX) by the corporate regulator for using inappropriate calculations to determine if customers could afford home loans. A pedestrian looks at his phone as he walks past a logo for Australia’s…
[ad_1] SYDNEY (Reuters) – Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16-month highs as People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] WASHINGTON (Reuters) – President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world’s biggest entertainment company. The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan…
[ad_1] SYDNEY (Reuters) – Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid political risks in Europe and acrimonious Sino-U.S. trade relations. People walk past an electronic board showing Japan’s Nikkei average outside a…
[ad_1] NEW YORK (Reuters) – U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions. Trump’s comment followed remarks from Saudi Arabia’s energy minister…
[ad_1] Some consolidation and subsequent divestment are in play in the worlds of imaging and voice recognition. Today, Kofax and Nuance announced that Kofax would be acquiring Nuance’s imaging division, for $400 million in cash. The deal, which had been rumoured in recent days, is expected to close in Q1 2019. The acquisition is a notable…
[ad_1] BEIJING (Reuters) – Wang Miaoyi’s small one-bedroom apartment, which doubles as her design studio, is overflowing with game magazines, figurines and boxes of sci-fi novels. Game developer Wang Miaoyi works in her studio that is located in her appartment in Beijing, October 29, 2018.REUTERS/Thomas Peter The 30-year old game developer is a child of…
[ad_1] SAP CEO Bill McDermott was jacked up today about his company’s $8 billion Qualtrics acquisition over the weekend. You would expect no less for such a big deal. McDermott believes that the data that Qualtrics provides could bridge the gap between his company’s operational data and customer data wherever that resides. The idea behind…
[ad_1] NEW YORK (Reuters) – General Electric Co (GE.N) will sell assets with “urgency” to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. A General Electric (GE) sign is seen during…
[ad_1] NEW YORK (Reuters) – U.S. and European stocks fell sharply on Monday, with tech stocks in both regions getting hammered, while the U.S. dollar surged to its highest point in 16 months against a basket of currencies amid concern about European political risks. FILE PHOTO: A U.S. Dollar note is seen in this June…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Monday, with the S&P 500 sliding 2 percent, weighed by technology and financial stocks as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) came under pressure. Traders work on the floor at the New York Stock Exchange (NYSE) in New York…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes tumbled on Monday as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) dragged down the technology and financial sectors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid With Monday’s…
[ad_1] A steep drop in technology companies sent U.S. stocks sharply lower Monday, knocking off more than 500 points from the Dow Jones Industrial Average. The Dow Jones Industrial Average was off by more than 500 points or roughly two per cent to 25,493 as technology companies like Microsoft, Intel, Cisco and Apple were all…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Monday, with the S&P 500 weighed by technology and financial stocks as shares of Apple Inc (AAPL.O) and Goldman Sachs Group Inc (GS.N) came under pressure. A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S.,…
[ad_1] NEW YORK (Reuters) – U.S. crude prices turned negative as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand. U.S. benchmark West Texas Intermediate crude CLc1 fell 18 cents a barrel to trade at $60.01…
[ad_1] (Reuters) – Coty Inc (COTY.N) replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues. FILE PHOTO – A trader works at the trading post that trades Coty Inc. on the floor of the New York…
[ad_1] (Reuters) – The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks. A trader works on the floor at the New York Stock Exchange (NYSE) in New…
[ad_1] (Reuters) – Apple Inc (AAPL.O) shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. Thailand’s first flagship Apple store is seen at Iconsiam shopping mall in Bangkok, Thailand November 9, 2018. REUTERS/Soe Zeya Tun The Cupertino, California’s…
[ad_1] (Reuters) – General Electric Co (GE.N) is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much as 10 percent. A General Electric (GE) sign…
[ad_1] Cannabis producer Aurora Cannabis Inc. reported a surge in revenues between July and September, and “strong” recreational pot sales since Canada legalized marijuana for adult use last month. The Edmonton-based company posted revenue in what was the first quarter of the company’s 2019 financial year of $29.7 million, more than triple the $8.2 million…
[ad_1] Black Friday may be still be 10 days away, but shopping season started early in the enterprise this year. We have seen acquisitions totaling almost $50 billion in the last couple of months alone, topped by the mega $34 billion IBM-Red Hat deal two weeks ago. What exactly is going on here? While not every…
[ad_1] An Edmonton woman who spent two years battling her bank for information about her own account is defying a confidentiality agreement to go public about what happened, in a bid to shed light on a highly secretive system she says is stacked against the customer. “Numerous phone calls, numerous emails. I documented everything,” Rhonda McMillan told Go…
[ad_1] Prime Minister Justin Trudeau used some face time with U.S. President Donald Trump in Paris on the weekend to raise the issue of the U.S. steel and aluminum tariffs that still have not been lifted despite the successful conclusion of the NAFTA talks. French President Emmanuel Macron hosted a private dinner on Saturday night…
[ad_1] A General Electric (GE) sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song (Reuters) – General Electric Co (GE.N) Chief Executive Officer Larry Culp said on Monday the company was saddled under too much debt and would urgently…
[ad_1] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2018. REUTERS/Andrew Kelly U.S. stocks opened lower on Monday, as a slide in Apple Inc (AAPL.O) after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a…
[ad_1] FILE PHOTO – Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc (ATHN.O) for about $5.7 billion,…
[ad_1] LONDON (Reuters) – Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. Saudi Arabia, the world’s largest oil exporter, said on…
[ad_1] It seems that Sunday has become a popular day to announce large deals involving enterprise companies. IBM announced the $34 billion Red Hat deal two weeks ago. SAP announced its intent to buy Qualtrics for $8 billion last night, and Vista Equity Partners got into the act too, announcing a deal to buy Apptio…
[ad_1] FILE PHOTO – Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Carl Icahn said on Monday VMWare (VMW.N) should be worth $300 per share, the activist investor’s latest bid to scuttle Dell’s plan to go…
[ad_1] FILE PHOTO: FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018./File Photo/File Photo FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its Japanese telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. A journalist raises her hand to ask a question to Japan’s SoftBank…
[ad_1] FRANKFURT (Reuters) – German business software company SAP (SAPG.DE) has agreed to buy Qualtrics International for $8 billion in cash, pre-empting a planned stock market listing by the U.S.-based company which specializes in tracking online sentiment. FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May…
[ad_1] LONDON (Reuters) – The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the highly liquid and high-yielding currency against a backdrop of global growth worry and rising political risk in Italy and Britain. People walk past the entrance of the London Stock Exchange in…
[ad_1] LONDON (Reuters) – Japan’s Takeda Pharmaceutical (4502.T) will hold an investor vote on its $62 billion acquisition of Shire (SHP.L) next month and aims to close the deal on Jan. 8, signaling its confidence in securing the required support. FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan,…
[ad_1] After another tough fall harvest, this time the result of early snowfall blanketing crops, many farmers across the prairies are now enjoying a bit of break. While some catch their breath from a busy autumn, others are gearing up for a much different challenge — politics. With a federal election in the fall of…
[ad_1] SHANGHAI (Reuters) – Sterling fell on Monday, helping to boost the dollar to a 16-month high, amid mounting doubts over whether Prime Minister Theresa May can come up with a Brexit deal that would win the backing of the European Union and her own party. FILE PHOTO: A panel displays the closing Hang Seng…
[ad_1] Ceph is an open source technology for distributed storage that gets very little public attention but that provides the underlying storage services for many of the world’s largest container and OpenStack deployments. It’s used by financial institutions like Bloomberg and Fidelity, cloud service providers like Rackspace and Linode, telcos like Deutsche Telekom, car manufacturers…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange through one of the biggest-ever initial public offerings (IPO) at 2.4 trillion yen ($21.04 billion), a regulatory filing showed. A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp…
[ad_1] LONDON (Reuters) – European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit. FILE PHOTO: The German share price index DAX graph is pictured at the…
[ad_1] A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – SoftBank Group Corp’s domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange in an initial public…
[ad_1] (Reuters) – Software company Apptio Inc (APTI.O) said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public. FILE PHOTO: Robert Smith, Founder, Chairman and CEO, Vista Equity Partners, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills,…
[ad_1] FRANKFURT (Reuters) – Germany’s SAP (SAPG.DE) said on Sunday it was buying Qualtrics International Inc for $8 billion in cash, pre-empting a planned stock market listing by the U.S.-based company that specializes in surveying consumers online. FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May…
[ad_1] SHANGHAI (Reuters) – Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices. FILE PHOTO: A panel displays the closing Hang Seng Index outside a bank in Hong…
[ad_1] SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth. FILE PHOTO: A panel displays the closing Hang Seng Index outside a bank in Hong Kong, China…
[ad_1] LONDON (Reuters) – Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe’s giants vastly outpaced their U.S. and Asian rivals, a study showed. Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Companies such as…
[ad_1] Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc (ATHN.O) for…
[ad_1] WASHINGTON (Reuters) – When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a…
[ad_1] FILE PHOTO: An exterior view of a Dollar Tree store is seen in Pasadena, California August 31, 2015. REUTERS/Mario Anzuoni NEW YORK (Reuters) – Shares of Dollar Tree Inc (DLTR.O) are as big a bargain as the $1 goods it sells in its stores, with shares off 18 percent this year and trading at…
[ad_1] WASHINGTON (Reuters) – When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a…
[ad_1] Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity…
[ad_1] SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture…
[ad_1] WASHINGTON (Reuters) – When Democrats take control of the U.S. House they plan to investigate the Trump administration’s decision to try to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce…
[ad_1] FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo DUBAI (Reuters) – Iran sold 700,000 barrels of crude oil to private companies for export on Sunday in a second round of sales aimed at…
[ad_1] SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours. Singles’ Day, also called “Double 11” is the world’s biggest online sales event, outstripping U.S. shopping holiday Black Friday. The Chinese…
[ad_1] CALGARY, Alberta (Reuters) – Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. A CanaPux crude oil solid pellet is shown in this Canadian National Railway Company (CN) image released from Montreal,…
[ad_1] Maybe Jay McArthur would never have had a chance to start his Brighton, Ont., home inspection business had he not stopped on the way to the shower in 2007 to use the phone at his military base in Afghanistan. As it turns out his call home went unanswered, and McArthur, who would later retire…
[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. No assurance with credit insurance Anyone with a credit card has likely been asked to buy balance protection insurance, but our hidden camera investigation revealed the tactics some bank employees use…
[ad_1] Three former Stella’s Cafe employees behind an online campaign to bring attention to what they call workplace harassment, unfair treatment of staff, racism, and sexual assault at the Winnipeg restaurant chain have outlined what they’d like to see done about their concerns. Christina Hajjar, 27, Kelsey Wade, 22 and Amanda Murdock, 36, are the…
[ad_1] BUENOS AIRES (Reuters) – Argentina’s shrinking economy will bottom out in the first three months of next year and start to recover in the second quarter, an International Monetary Fund official said on Saturday. A man talks on his cell phone in Buenos Aires’ financial district, Argentina October 4, 2018. REUTERS/Marcos Brindicci The fund…
[ad_1] A screen shows the value of goods being transacted at Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 11, 2018. REUTERS/Aly Song SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles’ Day on Sunday,…
[ad_1] Lori Nikkel first discovered how much food gets wasted in Canada when she was a single mother to three hungry boys in the Toronto suburb of Etobicoke. Nikkel and a group of other low-income mothers had convinced their local Loblaws grocery store to donate food to their children’s school for a student nutrition program. Often, Nikkel found out, the store…
[ad_1] A statue of the China International Import Expo (CIIE)’s mascot is placed in front of a building hanging advertisement of Bank of China, at the venue for the expo in Shanghai, China November 2, 2018. Picture taken November 2, 2018. REUTERS/Stringer SHANGHAI (Reuters) – Around $57.83 billion worth of deals were agreed for the…
[ad_1] In the race to woo customers with a seamless shopping experience, Walmart Canada is adding more self-checkout kiosks and revamping its “scan and go” system where shoppers scan their items while they shop. It appears “scan and go,” in its current form, wasn’t a “go” for many customers. Physical retailers are scrambling to make shopping more convenient while…
[ad_1] SINGAPORE (Reuters) – Netflix (NFLX.O) chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.” FILE PHOTO: Netflix’s Chief Executive Officer Reed Hastings delivers his keynote speech during Mobile World Congress in…
[ad_1] LONDON (Reuters) – SoftBank’s (9984.T) Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs (GS.N) and Mizuho (8411.T) to work on the deal, a presentation seen by Reuters said. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan,…
[ad_1] NEW YORK (Reuters) – Shares of General Electric Co (GE.N) tumbled on Friday after a JP Morgan analyst slashed his target price on the stock to a lowly $6, dealing a fresh blow to the U.S. industrial conglomerate’s flagging share price. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore…
[ad_1] FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon/File Photo BRUSSELS (Reuters) – Japanese drugmaker Takeda Pharmaceutical (4502.T) is set to win conditional EU antitrust approval for its $62-billion bid for London’s Shire, the biggest ever overseas acquisition by a Japanese company, two…
[ad_1] WINNIPEG, Manitoba (Reuters) – A U.S. federal judge in Montana halted construction of TransCanada Corp’s Keystone XL oil pipeline on Thursday, saying a U.S. environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources. FILE PHOTO: A TransCanada Keystone Pipeline…
[ad_1] (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 9, 2018. REUTERS/Staff A SEASON OF THANKS AND HOPE As 2018…
[ad_1] (Reuters) – Activist investor Daniel Loeb’s Third Point LLC on Friday disclosed a new position in American Express Co (AXP.N), saying the market under-appreciates the strategic pivot of the company. The hedge fund said it sees the company’s shares trading above $135 over the next 18 months. The company’s stock was at $108.06 in…
[ad_1] NEW YORK (Reuters) – U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO – A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August…
[ad_1] The new Apple iPhone X are seen on display at the Apple Store in Manhattan, New York, U.S., September 21, 2018. REUTERS/Shannon Stapleton (Reuters) – Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free…
[ad_1] Eight months after bringing in a $40 million Series D, Moogsoft‘s co-founder and chief executive officer Phil Tee confirmed to TechCrunch that the IT incident management startup had shed 18 percent of its workforce, or just over 30 employees. The layoffs took place at the end of October; shortly after, Moogsoft announced two executive…
[ad_1] The new Apple iPhone X are seen on display at the Apple Store in Manhattan, New York, U.S., September 21, 2018. REUTERS/Shannon Stapleton (Reuters) – Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free…
[ad_1] NEW YORK (Reuters) – Stocks around the globe suffered their biggest drop in two weeks on Friday as weak Chinese economic data sapped demand for equities while oil prices weakened again on Friday. U.S. stocks were broadly lower, with energy shares .SPNY falling more than 1.0 percent as benchmark Brent crude oil saw a…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N), which is in the midst of a proxy battle with Third Point LLC, said on Friday it offered to add two of the hedge fund’s nominees to its board, after a similar proposal was rejected by the activist investor. FILE PHOTO – Daniel S. Loeb, founder of Third…
[ad_1] NEW YORK (Reuters) – Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried demand growth could slow, pressuring U.S. crude to its longest stretch of daily declines since 1984. Crude futures benchmarks have slid about 20 percent or more since peaking in early October. “What a difference a…
[ad_1] SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N) made another attempt to make users’ tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Men are silhouetted against a video screen with a Twitter logo as he poses with…
[ad_1] FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo (Reuters) – Amazon.com Inc (AMZN.O) on Friday said it would carry more Apple Inc (AAPL.O) products globally in time for the holiday shopping season, as the technology rivals put aside past differences to…
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2018. REUTERS/Andrew Kelly NEW YORK (Reuters) – Wall Street’s three major indexes closed down on Friday after weak Chinese data and volatile oil prices raised concerns about global growth. The Dow Jones Industrial Average .DJI…
[ad_1] WINNIPEG, Manitoba/NEW YORK (Reuters) – A U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump. The ruling of a U.S. Court in Montana late on…
[ad_1] WASHINGTON (Reuters) – White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal. White House trade advisor Peter…
[ad_1] NEW YORK (Reuters) – The S&P 500 fell steadily on Friday and deepened its losses as the day wore on with shares of large technology, industrial and material companies taking a hit after weak Chinese data and a slide in oil prices raised concerns about global growth. Traders work on the floor at the…
[ad_1] The latest legal setback for Calgary-based TransCanada’s $10-billion Keystone XL pipeline through the United States is yet another reminder that Canada needs to export its oil and natural gas to new global markets, says an industry association. A U.S. District Court judge in Montana put the project on hold in a ruling issued late…
[ad_1] Canada’s telecommunications regulator is inviting public comments on the creation of an internet code of conduct for service providers to address increasing complaints about service. The Canadian Radio-television and telecommunications Commission says the effort is distinct from the ongoing inquiry on misleading or aggressive sales practices, that will culminate in a report to government.…
[ad_1] (Reuters) – The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth. Traders work on the floor at the New York Stock Exchange (NYSE) in New York…
[ad_1] A Microsoft sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song (Reuters) – Microsoft Corp (MSFT.O) said in a filing late Thursday that it had made $1.3 billion in cash payments in connection to its acquisition of coding…
[ad_1] BUENOS AIRES/LONDON (Reuters) – Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has approached Argentine soy crusher Molinos Agro (MOLA.BA) about buying the company’s livestock feed and soyoil manufacturing plant, and talks may continue, three sources said. FILE PHOTO: Soybeans are loaded onto a truck at a field in the city of Chacabuco…
[ad_1] WASHINGTON (Reuters) – U.S. producer prices rose more than expected in October and at their fastest pace in six years but measures of underlying price pressure cooled, bolstering the view that the U.S. central bank is not facing a resurgence in inflation. FILE PHOTO: An Auvil Fruit Company warehouse is pictured in Orondo, Washington,…
[ad_1] (Reuters) – U.S. President Donald Trump on Friday blasted a federal judge’s decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade. FILE PHOTO: An aerial view shows the darkened ground of an…
[ad_1] LinkedIn, the Microsoft-owned social network for the working world with some 580 million users, took a big step into professional development and education when it acquired Lynda.com for $1.5 billion and used it as the anchor for LinkedIn Learning. Now, with 13,000 courses on the platform, LinkedIn is announcing two new developments to get…
[ad_1] The Supreme Court of Canada says the Constitution allows Ottawa and the provinces to set up a national securities regulator. In addition, the high court finds federal draft legislation for countrywide oversight of stocks, bonds and other investments falls within Parliament’s powers over trade and commerce. The unanimous ruling could help advance plans for…
[ad_1] FILE PHOTO: An aerial view shows the darkened ground of an oil spill which shut down the Keystone pipeline between Canada and the United States, located in an agricultural area near Amherst, South Dakota, U.S., in this photo provided Nov. 18, 2017. REUTERS/Dronebase/File Photo/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday…
[ad_1] (Reuters) – U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year and is aiming to dominate the market for middleweight bikes into which Harley-Davidson Inc (HOG.N) has just shifted in a bid to revive sales. The logo of Royal Enfield is pictured on a bike…
[ad_1] LONDON (Reuters) – Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets. While the decision to hold interest rates by the U.S. Federal Reserve was anticipated by…
[ad_1] ZHUHAI, China (Reuters) – China paraded industrial and military clout and sent deliberate signals to Western rivals that its aerospace and arms industries aim to catch them up on world markets, while playing down trade tensions at the nation’s largest air show this week. People watch J-10 fighter jets of Bayi aerobatic team of…
[ad_1] (Reuters) – Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. FILE PHOTO: A worker connects the battery during the assembly of an e-Golf electric car at the…
[ad_1] MOSCOW/LONDON (Reuters) – It was billed as the deal that proved Russia remained open for business. FILE PHOTO: Rosneft Chief Executive Igor Sechin attends the talks of Russian President Vladimir Putin with South Korean President Moon Jae-in at the Kremlin in Moscow, Russia June 22, 2018. To match Exclusive ROSNEFT-PRIVATISATION/ REUTERS/Sergei Karpukhin/File Photo “I…
[ad_1] LONDON (Reuters) – Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. FILE PHOTO: Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, September 30, 2016. REUTERS/Essam Al-Sudani Benchmark Brent…
[ad_1] BUENOS AIRES/LONDON (Reuters) – Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has approached Argentine soy crusher Molinos Agro (MOLA.BA) about buying the company’s livestock feed and soyoil manufacturing plant, and talks may continue, three sources said. FILE PHOTO: The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the…
[ad_1] LONDON (Reuters) – Global stocks were heading for their biggest drop in two weeks and emerging market currencies also slipped on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets. FILE PHOTO: People walk through the lobby of the London Stock Exchange in London, Britain August 25,…
[ad_1] Bearing glossy red fruit, phrases like “Canada Choice” or “prepared in Canada,” and other subtle hints, the packaging on apple juice gives Canadian consumers the impression they’re drinking apples from this country. Don’t let those labels fool you: Most of the juice found on grocery store shelves is made from cheaper foreign apple concentrate…
[ad_1] TOKYO (Reuters) – Asian stocks pulled back from a one-month high on Friday as the Federal Reserve looked set to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally. FILE PHOTO – People walk past an electronic board showing Japan’s Nikkei…
[ad_1] SINGAPORE (Reuters) – Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude down by around 20 percent since early October. FILE PHOTO: Flames emerge from a pipeline at the oil fields in Basra, southeast…
[ad_1] BERLIN (Reuters) – Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. FILE PHOTO: Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of…
[ad_1] SHANGHAI (Reuters) – China is gearing up for the biggest shopping event of the year on Sunday, a day dominated by e-commerce giant Alibaba Group Holding Ltd (BABA.N) which saw $25 billion worth of goods sold on its platforms alone in the 24-hour period last year. A man dressed in a kung fu costume…
[ad_1] MOSCOW (Reuters) – Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions. A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia…
[ad_1] SINGAPORE (Reuters) – Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by around 20 percent since early October. FILE PHOTO: Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, September 30, 2016. REUTERS/Essam Al-Sudani U.S.…
[ad_1] FILE PHOTO – People cross a street in a business district in Tokyo, Japan, February 16, 2016. REUTERS/Thomas Peter TOKYO (Reuters) – Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp, a maker of earthquake shock absorbers, has hurt Japan’s corporate image, a Reuters poll found, although few saw…
[ad_1] An Airbus A321 neo flies during a flying display at the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France June 19, 2017. REUTERS/Pascal Rossignol – RC1E28026600 SINGAPORE (Reuters) – AirAsia X Bhd (AIRX.KL), which has yet to firm up a tentative order for 34 Airbus (AIR.PA) A330neo…
[ad_1] SINGAPORE (Reuters) – Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October. FILE PHOTO: Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, September 30, 2016. REUTERS/Essam Al-Sudani U.S. West…
[ad_1] TOKYO (Reuters) – Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally. FILE PHOTO – People walk past an electronic board showing Japan’s Nikkei…
[ad_1] FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido/File Photo MEXICO CITY (Reuters) – Cabinet ministers from the United States, Mexico and Canada will…
[ad_1] TOKYO (Reuters) – Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month. FILE PHOTO – People walk past an electronic board showing Japan’s Nikkei average…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was…
[ad_1] NEW YORK (Reuters) – The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG, Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis. The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd…
[ad_1] TOKYO (Reuters) – Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month. FILE PHOTO – People walk past an electronic board showing Japan’s Nikkei average…
[ad_1] (Reuters) – Walt Disney Co (DIS.N) results beat Wall Street estimates on Thursday thanks to summer crowds that swarmed into its theme parks and filled theaters showing Marvel movie “Ant-Man and the Wasp.” The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson The family entertainment company…
[ad_1] After having kids, Amanda Munday realized that child care was often inaccessible and unaffordable. That’s why she opened The Workaround, a parent-friendly coworking space housed in a converted bank featuring a play area for children supervised by an early childhood educator. “[The vault] is where we relax,” said Munday. “It can be a nursing suite.…
[ad_1] Do you ever go to work tired? New research suggests you’re not alone. The results from an online survey from Robert Half, an HR consulting firm, suggests that 76 per cent of people are regularly tired while working. Nearly one-third or 31 per cent of respondents said they were “very often” tired on the job,…
[ad_1] (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues. Arbitration will become optional for individual sexual harassment and sexual assault claims, Google said,…
[ad_1] A former WestJet employee has admitted to defrauding the company of more than $138,000 by issuing travel dollars to his friends and others who would pay him for the credits. Terance Gough pleaded guilty to fraud over $5,000 on Wednesday — ahead of his trial, which was supposed to begin Nov. 19 — after a plea…
[ad_1] The chief executive of Alberta’s oil and gas regulator no longer lives in the province and the organization is spending thousands of dollars to cover frequent flights from his home in B.C. to meetings in Calgary and Edmonton. Expense reports posted on the Alberta Energy Regulator website show that from last November until the end of October, the…
[ad_1] The country’s chief statistician says his agency’s controversial plan to harvest individuals’ banking information is on hold until the privacy commissioner completes an investigation into widespread concerns about the project. Statistics Canada recently caught nine financial institutions off-guard by asking them to share the private banking information of Canadians in 500,000 dwellings across the…
[ad_1] NEW YORK (Reuters) – The U.S. Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track. “The labor market has continued to strengthen and … economic activity has been rising at a strong rate,” the Fed said in its latest policy…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo/File Photo “The labor market has continued to strengthen and … economic activity…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) is planning to launch a range of energy drinks for the first time on its own brand name as it intensifies efforts to break away from its traditional fizzy sodas and shift to health-focused trends. FILE PHOTO: Coca-Cola cartons are seen in a Casino supermarket in Mouans Sartoux, France,…
[ad_1] (Reuters) – Tesla Inc director Robyn Denholm, a telecoms executive who has worked for Toyota, has been promoted to chairwoman of the electric car company and tasked with regulating billionaire Elon Musk’s regime after months of turbulence. An Australian accountant, Denholm is currently finance chief at telecoms firm Telstra Corp Ltd and replaces Musk…
[ad_1] Today, Google Cloud announced Kubeflow pipelines and AI Hub, two tools designed to help data scientists put to work across their organizations the models they create. Rajen Sheth, director of product management for Google Cloud’s AI and ML products, says that the company recognized that data scientists too often build models that never get…
[ad_1] Google is promising to be more forceful and open about its handling of sexual misconduct cases, a week after high-paid engineers and others walked out in protest over its male-dominated culture. CEO Sundar Pichai spelled out the concessions in an email sent Thursday to Google employees. The note of contrition came a week after…
[ad_1] Abbyy has been around for a long time helping companies with scanning and workflow tools, but like many older vendors it has been looking for ways to extend its traditional business model. One way to do that is by teaming up with robotics process automation companies like UIPath. Today, the company announced it has…
[ad_1] NEW YORK (Reuters) – World equity markets edged lower on Thursday, with U.S. stocks opening on the defensive while the U.S. dollar strengthened ahead of a monetary policy announcement by the Federal Reserve. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 8, 2018. REUTERS/Brendan McDermid…
[ad_1] Datacoral aims to make it easier for enterprises to build data products by abstracting away all of the complex infrastructure to organize and process data. The company today announced that it has raised a $10 million Series A financing round led by Madrona Venture Group, with participation from Social Capital, which also led its…
[ad_1] The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third quarter, according to analysis by an email security firm. Vade Secure’s research shows that during that…
[ad_1] An increase in multi-unit projects such as condominiums, apartments and townhouses helped push the annual pace of housing starts in October higher, Canada Mortgage and Housing Corp. said Thursday. The housing agency said the seasonally adjusted annual rate of housing starts last month came in at 205,925 units, up from 189,730 in September. Economists…
[ad_1] Workers clean the facade of a car showroom under a Volkswagen logo on the Chinese National Day in Beijing, China October 1, 2018. Picture taken October 1, 2018. REUTERS/Stringer BERLIN (Reuters) – Volkswagen (VOWG_p.DE) and an independent monitoring team still have “a lot of work to do” before he can certify changes required under…
[ad_1] FILE PHOTO: Coca-Cola cartons are seen in a Casino supermarket in Mouans Sartoux, France, October 27, 2016. REUTERS/Eric Gaillard/File Photo (Reuters) – Coca-Cola Co (KO.N) said on Thursday it plans to launch two energy drinks under its namesake brand, its latest move to diversify away from sugary sodas. Coca-Cola, in an emailed statement, declined…
[ad_1] Bombardier has announced measures that will result in 5,000 job losses, half of which will be in Quebec, over the next 12 to 18 months. The Montreal-based company said Thursday morning the measures will result in $250 million in annual savings. It also announced it will sell its Q Series turboprop aircraft program to Longview Aviation Capital…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman. The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) said Robyn Denholm will replace Elon Musk as chair of the electric-car maker’s board, more than a month after the billionaire had to step down from the role as part of a settlement with U.S. regulators. The appointment of Denholm, one of the two women on the carmaker’s nine-member…
[ad_1] A person takes a photograph of an unrevealed Volkswagen car during the first media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker HAMBURG, Germany (Reuters) – A spokesman for Volkswagen (VOWG_p.DE) on Thursday denied a media report that said the carmaker was prepared to…
[ad_1] MAUBEUGE, France/PARIS (Reuters) – France’s Renault (RENA.PA) said it will build new Nissan and Mitsubishi vans at its domestic plants, raising investment in the country as it explores closer integration of the three-way carmaking alliance with government backing. An employee works on the production and quality control line of the Renault Kangoo car at…
[ad_1] An employee works on the production and quality control line of the Renault Kangoo car at the Renault Maubeuge Construction Automobile factory in Maubeuge, France, November 8, 2018. REUTERS/Philippe Wojazer MAUBEUGE, France (Reuters) – France’s Renault (RENA.PA) said it will build new Nissan and Mitsubishi vans at its domestic plants, raising investment in the…
[ad_1] The Chinese are coming. After years of predictions that made-in-China electric-car technology was poised to dominate the global market, the country’s battery-powered cars will be driving on Canadian streets in a few months’ time. To anyone already shopping for an electric vehicle, it’s not a surprise that consumers can’t easily opt for one as their next family…
[ad_1] When Transport Canada audited Air Transat’s safety system in 2015 and found 22 problems, including missed maintenance checks on Boeing 737s and workers without proper training, the airline was given up to a month to come up with some of the necessary fixes. Those deadlines, outlined in a three-year-old report recently released under Access…
[ad_1] Just a few weeks ago, there was talk about oil hitting $100 US a barrel after crude prices hit a four-year high in October. That’s a feat that hasn’t been achieved since 2014 before the commodity market came crashing down. But since then, oil prices have tumbled around the world — briefly falling into bear market territory…
[ad_1] An investigation into millions of dollars in dividend payments to Sears Canada shareholders while the company was in decline could soon lead to court action. On Nov. 19, the court-appointed monitor for the retailer’s insolvency will seek permission from Ontario Superior Court to initiate proceedings against Eddie Lampert and his U.S. hedge fund, ESL…
[ad_1] ZURICH (Reuters) – UBS Group AG (UBSG.S), Switzerland’s largest bank, faces a another potentially costly legal battle as the U.S. Department of Justice is preparing civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco. FILE PHOTO: The logo is seen on the hood of a new Ford Aspire car during its launch in New Delhi, India, October…
[ad_1] Tesla announced that Elon Musk’s replacement as its chair will be Robyn Denholm, currently chief financial officer at Australian telecommunications operator Telstra. Tesla weathered a rocky few months in the wake of Musk’s tweets that he had “funding secured” for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the Securities and…
[ad_1] FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S., September 28, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Electric carmaker Tesla Inc (TSLA.O) said Robyn Denholm, currently CFO at Australian telecoms operator Telstra Corp Ltd (TLS.AX), will replace Elon Musk as its chair. Denholm will leave her role as CFO…
[ad_1] TOKYO (Reuters) – Asian stocks scaled a one-month peak on Thursday, after investors drove a Wall Street rally on relief the U.S. midterm elections delivered no major political surprises, while the dollar bounced and pulled away from 2-1/2-week lows. An employee of a foreign exchange trading company works in front of monitors in Tokyo,…
[ad_1] HONG KONG (Reuters) – Chinese PC maker Lenovo Group (0992.HK) reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period. The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration Net profit for the quarter ended September came in…
[ad_1] HONG KONG (Reuters) – Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. FILE PHOTO: People stand near a sign of Alibaba Group at its campus in Hangzhou, Zhejiang Province,…
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) said it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, in an effort to shed troubled assets that could have exposed the Japanese company to future losses. FILE PHOTO: The logo of Toshiba Corp is seen behind cherry blossoms at the…
[ad_1] FILE PHOTO: The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Toshiba Corp said it is cutting headcount and liquidating its UK nuclear power unit in an effort to reduce costs as it struggles to find new growth…
[ad_1] The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China’s state-owned Sinopec signed purchase agreements worth $45.6 billion on Thursday, covering supplies of crude oil, chemicals, coal and equipment. The deals were inked at a public signing ceremony…
[ad_1] TOKYO (Reuters) – Asian stocks rose to a one-month peak on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar bounced and pulled away from 2-1/2-week lows. An employee of a foreign exchange trading company works in front…
[ad_1] The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann (Reuters) – UBS Group AG , Switzerland’s largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up…
[ad_1] NEW YORK (Reuters) – It was the lunch-hour rush at the Court Square Diner in New York’s Long Island City on Wednesday, and co-owner Nick Kanellos pointed to the elevated subway tracks that rattle overhead as he fretted over the news that Amazon may build a major outpost in the neighborhood. People wait for…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar clawed back some of its earlier losses. An employee of a foreign exchange trading company works in front of monitors in Tokyo,…
[ad_1] The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann (Reuters) – UBS (UBSG.S), Switzerland’s largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the…
[ad_1] BERLIN (Reuters) – Automakers need standards for key equipment, a wide-reaching 5G broadband network and strong partnerships to make self-driving cars and electric vehicles a success, top European car industry executives said on Wednesday. FILE PHOTO – Ralf Speth, CEO of Jaguar Land Rover delivers a keynote speech at their ‘Tech Fest’ in London,…
[ad_1] (Reuters) – Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday. FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) forecast sales revenue for the holiday shopping quarter below analysts’ estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc (AAPL.O), sending its shares down 3.4 percent. A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National…
[ad_1] NEW YORK (Reuters) – Shares of cannabis companies rose on Wednesday as results from the previous day’s U.S. elections pointed to more favorable political conditions for the cannabis industry. FILE PHOTO: A flowering cannabis plant is pictured at Hexo Corp’s facilities in Gatineau, Quebec, Canada, September 26, 2018. REUTERS/Chris Wattie/File Photo Tilray Inc (TLRY.O)…
[ad_1] NEW YORK (Reuters) – Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar. U.S. oil prices slipped after U.S. crude output hit another record high. While gridlock could hamper President Donald Trump’s political and economic agenda,…
[ad_1] SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake NEW YORK (LPC) – Elon Musk’s rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet, two sources said. The company floated pricing in the 400bp-425bp…
[ad_1] SAO PAULO (Reuters) – Automakers in Brazil last month notched their strongest sales in nearly four years, a leading trade group said on Wednesday, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show. Cars are displayed during the Salao do Automovel International Auto Show in Sao Paulo,…
[ad_1] SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd (005930.KS) unveiled its much-anticipated foldable phone at a conference for developers in San Francisco on Wednesday, urging Android programmers to start writing apps for the product. Justin Denison, Samsung Electronics senior vice president of Mobile Product Marketing, speaks during the unveiling of Samsung’s new foldable screen…
[ad_1] Justin Denison, Samsung Electronics senior vice president of Mobile Product Marketing, speaks during the unveiling of Samsung’s new foldable screen smart phone, during the Samsung Developers Conference in San Francisco, California, U.S., November 7, 2018. SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd (005930.KS) unveiled its much-anticipated foldable phone to developers in San Francisco…
[ad_1] ZHUHAI, China/WASHINGTON (Reuters) – Boeing Co said on Wednesday it had issued a safety bulletin reminding pilots how to handle erroneous data from a key sensor in the wake of last week’s Indonesian jetliner crash. The U.S. planemaker said investigators probing the Lion Air crash off the coast of Indonesia, in which all 189…
[ad_1] FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman/File Photo SAN FRANCISCO (Reuters) – Samsung Electronics Co (005930.KS) said on Wednesday it planned to invest $22 billion in artificial intelligence technology by 2020. Speaking at its developers conference in…
[ad_1] The Ontario Cannabis Store says a data breach through Canada Post has affected information from 4,500 customers. In a privacy update on its website, the OCS said the breach late on Nov. 1 affected about two per cent of its customer orders, and information was accessed by a person using a Canada Post delivery…
[ad_1] DevOps platform CircleCI today announced a new partner program that will open up its platform and allow third-party tools to integrate with it. In addition, the company is launching Orbs, which it describes as “the world’s first package manager designed specifically for configuration of software delivery automation.” Fresh off its $31 million funding round…
[ad_1] Shares in major cannabis companies were higher on the TSX on Wednesday as U.S. voters in three of the four states deciding to legalize the drug in some way opted to approve those ballot initiatives. While much of the attention from Tuesday evening’s midterm election focused on the balance of power in Congress, investors…
[ad_1] Parmalat Group says it has reached an agreement valued at $1.62 billion to acquire Kraft Heinz Canada’s natural cheese division. The deal would see Parmalat Canada take stewardship of the cheese brands Cracker Barrel, P’tit Quebec and Amooza. It would also include the purchase of Kraft’s Ingleside, Ont., processing plant, which employs nearly 400…
[ad_1] After 11 years at the top of the mountain, MEC’s leader is ready to climb down. David Labistour announced Tuesday he would resign as CEO of Mountain Equipment Co-op, the Vancouver-based outdoor equipment retail chain. He said the company is completing “a significant cycle of development” involving new technology, new product offerings and a general…
[ad_1] Imperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project. Construction will begin this year, with the project expected to start up in 2022. The Aspen project, located about 45 kilometres northeast of Fort McMurray, Alta., is expected to produce about 75,000 barrels of bitumen per day. It will use…
[ad_1] Spotify’s ad-supported tier has long been one of the service’s differentiators. Naturally, the model’s not nearly as feature rich as its paid counterpart, though the company’s removing one of those key distinctions as this morning. In a press release, the company notes that free users will soon be able to stream music through Spotify Connect-sporting…
[ad_1] NEW YORK (Reuters) – World stocks rose on Wednesday, with Wall Street surging after the U.S. midterm election a day earlier divided control of Congress, but the outcome, which casts doubt on further U.S. tax cuts, hit the dollar and sent Treasury yields lower. The Democrats looked headed for a gain of more than…
[ad_1] U.S. stocks opened higher on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome. The Dow Jones Industrial Average rose 153.45 points, or 0.60 percent, at the open to 25,788.46. The S&P 500 opened higher by 18.68 points,…
[ad_1] Boeing Co. said on Wednesday it had issued a safety bulletin reminding pilots how to handle erroneous data from a key sensor in the wake of last week’s crash in Indonesia. The U.S. plane maker said investigators probing the Lion Air crash off the coast of Indonesia that killed all 189 people aboard found…
[ad_1] FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz/File Photo (Reuters) – Twenty-First Century Fox Inc (FOXA.O) fell short of estimates for quarterly revenue on Wednesday, hit by the absence of a major…
[ad_1] LONDON (Reuters) – Wall Street was set for a surge on Wednesday and global stocks rose after a U.S. election divided control of Congress, but the outcome, which casts doubt on further tax cuts, hit the dollar and sent Treasury yields lower. The German share price index DAX graph is pictured at the stock…
[ad_1] BENGALURU (Reuters) – Software engineer Samee Alam was ready to take the big leap and buy an iPhone in this week’s Diwali festival sales, but at the last minute he opted for cheaper Chinese competitor OnePlus instead. FILE PHOTO: Auto-rickshaws drive past the hoardings of Apple iPhone X mobile phones in Mumbai, India July…
[ad_1] Canada’s smaller internet service providers say the CRTC needs to revamp rules that protect the big telcos and erode consumer choice when it comes to high-speed internet service. On Wednesday, the Canadian Operators Network Consortium (CNOC) filed an application asking the telecom regulator to revise regulations that CNOC says block small providers from accessing the big telcos’ ultra-fast fibre optic networks. CNOC represents 35 internet providers including TekSavvy, Distributel and Primus. The organization…
[ad_1] FILE PHOTO: A Dish Network satellite dish is shown on a residential home in Encinitas, California, U.S., November 8, 2017. REUTERS/Mike Blake/File Photo (Reuters) – U.S. satellite TV service provider Dish Network Corp (DISH.O) reported a 5 percent fall in quarterly revenue on Wednesday as it leaked more subscribers in the face of cheaper…
[ad_1] BERLIN (Reuters) – Adidas (ADSGn.DE) cut its 2018 revenue forecast on Wednesday after third quarter sales fell in western Europe, where it was hit by changing fashions and Nike’s (NKE.N) gains in soccer. FILE PHOTO: Aug 1, 2018; Atlanta, GA, USA; An Adidas soccer ball on the field prior to the 2018 MLS All…
[ad_1] EINDHOVEN, Netherlands/NEW YORK (Reuters) – Grocery group Ahold Delhaize will roll out small, automated warehouses to speed order picking and cut delivery times, Reuters has learned, as it revamps its ecommerce business in response to rising competition in a fast-growing sector. At an investor event on Nov. 13, the world’s eighth biggest food retailer…
[ad_1] WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday it was investigating whether General Motors Co (GM.N), should recall an additional 1.7 million sport utility vehicles due to an issue with windshield wiper failures. File Photo: A worker driving a GMC Terrain leaves the General Motors CAMI car assembly…
[ad_1] TOKYO (Reuters) – Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October…
[ad_1] NEW YORK (Reuters) – The U.S. stock market may be facing the remainder of Donald Trump’s presidential term with the prospect of less juice to supercharge it. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid/File Photo Stock returns have…
[ad_1] Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo SINGAPORE (Reuters) – Goldman Sachs Chief Executive David Solomon said on Wednesday it was “very distressing” that two former employees “blatantly broke the law” in their dealings…
[ad_1] Headquarters of Finnish telecommunication network company Nokia are seen in Espoo, Finland July 26, 2018. Lehtikuva/Mikko Stig via REUTERS HELSINKI (Reuters) – Finnish mobile telecom network maker Nokia announced on Wednesday that it had signed frame deals with China Mobile, China Telecom and China Unicom worth more than 2 billion euros ($2.3 billion). The…
[ad_1] SAN FRANCISCO (Reuters) – U.S. stock futures pointed to a modestly higher opening on Wall Street on Wednesday after Democrats won control of the House of Representatives in U.S. mid-term congressional elections. With President Donald Trump’s Republican party holding onto their majority in the Senate, the results from Tuesday’s elections were in line with…
[ad_1] NEW DELHI/MUMBAI (Reuters) – The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s thinking told Reuters. FILE PHOTO: The Reserve Bank of India (RBI)…
[ad_1] SAN FRANCISCO (Reuters) – U.S. stock futures pointed to a strong opening on Wall Street after Democrats won control of the House of Representatives in U.S. mid-term congressional elections on Tuesday. With President Donald Trump’s Republican party holding onto their majority in the Senate, according to CNN, NBC and ABC News, the results were…
[ad_1] (Reuters) – U.S. stock futures held onto gains on Tuesday after media projections showed the Democrats winning control of the House of Representatives in U.S. midterm congressional elections. With President Donald Trump’s Republican party holding onto their majority in the Senate, according to CNN, NBC and ABC News, the results were in line with…
[ad_1] FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo WASHINGTON (Reuters) – Boeing Co is planning to send a bulletin to 737 MAX jet operators as soon as Wednesday advising them of…
[ad_1] (Reuters) – U.S. stock futures trimmed gains in volatile trading on Tuesday as Democrats made gains in races for the House of Representatives in U.S. midterm congressional elections. In line with opinion polls, Wall Street had been expecting that President Donald Trump’s Republican party would lose control of the House while retaining the Senate,…
[ad_1] WASHINGTON (Reuters) – Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week. FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto,…
[ad_1] SAN FRANCISCO (Reuters) – S&P 500 e-mini futures EScv1 fell 0.3 percent on Tuesday as U.S. election results began to trickle in, with Democrats picking up a House of Representatives seat in Virginia, according to projections from media outlets and data provider DDHQ. The drop in the futures suggests some traders believe Wall Street…
[ad_1] TOKYO (Reuters) – Wall Street stock futures and Asian shares erased losses to eke out small gains on Wednesday as early results of U.S. mid-term elections appeared to show Republicans improving their chances of retaining their grip on Congress. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] (Reuters) – U.S. stock futures rose in volatile trading on Tuesday after a closely followed forecasting website said chances had fallen that the Democratic party would win the House of Representatives in U.S. midterm congressional elections. In line with opinion polls, Wall Street had been expecting that President Donald Trump’s Republican party would lose…
[ad_1] TOKYO (Reuters) – Wall Street stock futures and Asian shares dropped on Wednesday as early results of the U.S. midterm elections started to trickle in, with investors bracing for the Republicans to lose their grip on Congress. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October…
[ad_1] TOKYO (Reuters) – Wall Street stock futures ticked down slightly while Asian shares held very tight ranges early Wednesday as investors awaited the results of U.S. midterm elections, which could see Republicans lose their grip on Congress. A man stands in front of an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] SEOUL/SINGAPORE (Reuters) – Hyundai Motor Co has raised its stakes in growing Southeast Asian markets with a $250 million investment in Singapore’s Grab, its second in the ride-hailing firm, as it chases rivals in the race for new-age transportation. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle at a plant of…
[ad_1] (Reuters) – Papa John’s International Inc (PZZA.O) on Tuesday reported a smaller-than-expected decline in quarterly comparable sales in North America, helped by new advertising and rebranding as it tries to recover from bad publicity stemming from an acrimonious split with its founder. FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1,…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes closed higher on Tuesday as voters headed to the polls in U.S. midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty. Some stocks such as CVS Health Corp (CVS.N) and Mylan NV (MYL.O) were boosted by strong earnings,…
[ad_1] FILE PHOTO – Jay Welker, Chief Executive Officer of Wells Fargo Private Bank, answers questions during an interview with Reuters in New York October 4, 2010.REUTERS/Lucas Jackson (Reuters) – Wells Fargo & Co’s (WFC.N) head of wealth management Jay Welker will retire at the end of March after more than two decades with the…
[ad_1] NEW YORK (Reuters) – U.S. shares rose on Tuesday while the dollar held steady as Americans went to the polls in elections that could shift the balance of power in Congress. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid Treasury yields…
[ad_1] FILE PHOTO – The logo of Wendy’s is on display in Tbilisi, Georgia, July 13, 2016. REUTERS/David Mdzinarishvili/File Photo (Reuters) – Wendy’s Co (WEN.O) missed Wall Street expectations for quarterly sales at its established outlets in North America on Tuesday, as the burger chain struggled to lure diners in a fiercely competitive U.S. fast-food…
[ad_1] NEW YORK (Reuters) – Stock markets edged up on Tuesday, with trading thin in the United States, while the dollar and Treasury yields held steady as Americans went to the polls in pivotal midterm elections that could shift the balance of power in Congress. Traders work on the floor of the New York Stock…
[ad_1] FILE PHOTO: A BlackRock Inc sign above its building in New York, United States, July 16, 2018. REUTERS/Lucas Jackson/File Photo DUESSELDORF, Germany (Reuters) – Friedrich Merz, chairman of the German arm of BlackRock (BLK.N), the world’s biggest fund manager, said he had ordered the fund’s management board to fully investigate all incidents involving so-called…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. FILE PHOTO – A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith The bank said in…
[ad_1] Canada might ratify its new North American trade deal with the United States and Mexico even if the U.S. doesn’t drop its tariffs on Canadian steel and aluminum, Prime Minister Justin Trudeau says. In an interview with CNN, portions of which are airing Tuesday as U.S. voters cast ballots in pivotal midterm elections, Trudeau…
[ad_1] FRANKFURT (Reuters) – Prosecutors searched the Munich offices of BlackRock (BLK.N) on Tuesday, a person with knowledge of the matter said, as part of the country’s largest post-war fraud investigation. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo The practice being…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, as strong earnings and easing of trade tensions lifted materials and industrial sectors, but trading volumes were light as uncertainty about the outcome of U.S. midterm elections kept investors on the sidelines. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – European shares ended a choppy session in negative territory on Tuesday as investors punished companies like Zalando that missed expectations and remained cautious while waiting for the results of U.S. mid-term elections. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 6, 2018.…
[ad_1] FILE PHOTO: The entrance of Disney store is pictured in Tokyo, Japan August 13, 2018. REUTERS/Kim Kyung-Hoon/File Photo BRUSSELS (Reuters) – Walt Disney’s $71.3-billion offer to buy Twenty-First Century Fox Inc’s entertainment assets won approval from the European Commission on Tuesday, subject to Disney selling interests in factual TV channels in Europe. The EU…
[ad_1] FILE PHOTO: The HSBC logo is seen on a top roof of the main branch in Beirut, Lebanon July 25, 2016. REUTERS/ Aziz Taher/File Photo LONDON (Reuters) – Hackers breached some HSBC (HSBA.L) customers’ accounts in the United States in October and accessed their information, the bank said in a regulatory filing on Tuesday.…
[ad_1] Canada Mortgage and Housing Corp. says the country’s real estate market is expected to moderate over the next two years as the growth in housing prices is expected to slow to more in line with economic fundamentals. In its 2018 housing market outlook released today, the national housing agency projects housing starts and sales…
[ad_1] FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo FRANKFURT (Reuters) – German prosecutors searched the Munich offices of fund investor Blackrock on Tuesday in connection with an investigation of dividend stripping trades, a person with knowledge of the matter told Reuters.…
[ad_1] Every day, there are around 650,000 emergency service callouts via 911 for medical, police and fire assistance in the US; and by their nature these are some of the most urgent communications that we will ever make. But ironically in the age of smartphones, connected things and the internet, these 911 calls are also…
[ad_1] An Airbus A330-800 aircraft lands after a flight event presentation in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau TOULOUSE (Reuters) – Airbus (AIR.PA) staged a maiden fight of the upgraded A330-800 jetliner on Tuesday, hoping the key milestone will boost the fortunes of a variant that has failed to make headway against…
[ad_1] (Reuters) – CVS Health Corp’s (CVS.N) third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products. FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017. REUTERS/Brian Snyder/File Photo Quarterly same-store sales at…
[ad_1] GENEVA/LONDON (Reuters) – Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but urged European countries that oppose the U.S. sanctions to do more to shield Iran. Iranian Vice President Eshaq Jahangiri speaks during a news conference after a meeting with Iraq’s…
[ad_1] (Reuters) – U.S. stock index futures edged lower on Tuesday, as investors stayed away from making big bets ahead of the U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] The Thomson Reuters office in Singapore September 3, 2018. REUTERS/Thomas White TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) on Tuesday reported a smaller-then-expected fall in third-quarter earnings and said it was on track for a solid 2018 and a better performance in 2019. Adjusted for one-time items, it reported earnings per share of…
[ad_1] FILE PHOTO: The logo of Lilly is seen on a wall of the Lilly France company unit, part of the Eli Lilly and Co drugmaker group, in Fegersheim near Strasbourg, France, February 1, 2018. REUTERS/Vincent Kessler/File Photo (Reuters) – U.S. drugmaker Eli Lilly and Co’s (LLY.N) third-quarter profit more than doubled, led by higher…
[ad_1] SINGAPORE (Reuters) – Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would re-impose sanctions on Tehran, but with waivers in hand the Islamic republic’s major buyers are already planning to scale up orders again. FILE PHOTO: A gas flare on an oil production platform in the Soroush…
[ad_1] During its big customer event in Europe, VMware announced another acquisition to step up its game in helping enterprises build and run containerised, Kubernetes-based architectures: it has acquired Heptio, a startup out of Seattle that was co-founded by Joe Beda and Craig McLuckie, who were two of the three people who co-created Kubernetes back at…
[ad_1] 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, 2018. REUTERS/Jonathan Ernst/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Tuesday said the operating return on sales at its core VW passenger car brand would come in…
[ad_1] The fresh round of sanctions the U.S. imposed on Iran Monday threatens to close off all channels of international banking to the regime, but is unlikely to affect Canadian businesses. The sanctions aim to block Iran’s oil exports, but the impact on oil prices may have already worked its way through the markets, though…
[ad_1] A Marketplace hidden camera investigation is raising questions about how bank employees are selling a pricey and controversial product marketed to help with credit card payments if you lose your job or get sick. It’s called credit card balance insurance, or balance protection insurance — and if you’ve signed up for a credit card,…
[ad_1] LONDON (Reuters) – European shares dipped on Tuesday as investors continued to harshly punish companies that missed expectations like Pandora, William Hill and Morrisons, while caution prevailed ahead of the U.S. midterm congressional elections. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 5, 2018. REUTERS/Staff…
[ad_1] TOKYO (Reuters) – Asian shares inched up on Tuesday, supported by Wall Street gains although momentum was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock…
[ad_1] (Reuters) – Apple Inc’s (AAPL.O) Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on…
[ad_1] TOKYO (Reuters) – Asian shares wavered on Tuesday with sentiment tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6,…
[ad_1] SAN FRANCISCO (Reuters) – U.S. President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment. U.S. President Donald Trump speaks at a campaign rally on the eve…
[ad_1] TOKYO (Reuters) – Asian shares wobbled on Tuesday, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange…
[ad_1] The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu (Reuters) – Apple Inc’s (AAPL.O) Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers…
[ad_1] ZHUHAI, China (Reuters) – China and Russia on Tuesday unveiled a life-size model of a proposed wide-body long-haul jet at the opening of China’s largest airshow, giving public shape to their joint efforts to break into a market dominated by Boeing (BA.N) and Airbus (AIR.PA). Workers are seen next to a model of a…
[ad_1] (Reuters) – Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America. Dallas, Long Island City in New York and Arlington near Washington, D.C. are all…
[ad_1] (Reuters) – U.S. hotel chain Marriott International Inc (MAR.O) on Monday cut its fourth-quarter forecast for a key measure of hotel health, blaming uncertainty related to weak demand in North America, its biggest market. FILE PHOTO – A woman on a mobile phone walks past a Marriott hotel in Hangzhou, Zhejiang province, China January…
[ad_1] NEW DELHI (Reuters) – Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world’s most competitive car markets is starting to show some success. A new…
[ad_1] (Reuters) – Amazon.com Inc is planning to split its second headquarters evenly between two locations rather than picking one city, the Wall Street Journal reported on Monday, citing a person familiar with the matter. The retailer previously announced a planned investment of $5 billion and 50,000 jobs for the second headquarters. Under the new…
[ad_1] WASHINGTON (Reuters) – The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. FILE PHOTO: A general view of an oil dock is seen from a ship at the…
[ad_1] TOKYO (Reuters) – Asian shares ticked up in early Tuesday trade, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies. FILE PHOTO: Market prices are reflected in a glass window at the…
[ad_1] FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company General Electric is shown at their subsidiary company GE Aviation in Santa Ana, California, U.S., April 13, 2016. REUTERS/Mike Blake/File Photo (Reuters) – General Electric Co (GE.N) is in talks to sell its commercial lighting business to private equity firm…
[ad_1] NEW YORK (Reuters) – The S&P 500 rose on Monday with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of U.S. congressional elections. While the financial sector was boosted by earnings, the energy sector .SPNY, which has lagged the broader S&P 500 .SPX this year, gained 1.6…
[ad_1] COPENHAGEN (Reuters) – Lego has won another case against imitators in China where copies of its colorful plastic toy bricks and figures have been a recurrent problem, the Danish toymaker said on Monday. Children look at Lego boxes at a Lego store in Beijing, China January 13, 2018. REUTERS/Jason Lee/File Photo In a landmark…
[ad_1] WASHINGTON (Reuters) – U.S. Federal Communications Commission Chairman Ajit Pai on Monday wrote the chief executives of major telephone service providers and other companies, demanding they launch a system no later than 2019 to combat billions of “robocalls” and other nuisance calls received monthly by American consumers. FILE PHOTO – Chairman of the Federal…
[ad_1] Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd. The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick’s portfolio. The deal would also…
[ad_1] FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo LOS ANGELES (Reuters) – Amazon.com Inc (AMZN.O) wants to hire thousands of seasonal delivery drivers to supplement services provided by the U.S. Post Office, United Parcel Service Inc (UPS.N), FedEx…
[ad_1] The Second Cup Ltd. says it has started a strategic review of the coffee chain company despite reporting improved financial results and is continuing on its plan to sell recreational cannabis. The company says its board recognizes the need for the chain to continue to evolve and it now has the capacity to support…
[ad_1] NEW YORK (Reuters) – Wall Street stock indexes mostly rose on Monday, the eve of U.S. midterm elections to determine whether President Donald Trump’s Republican party retains control of congress and also ahead of a meeting of Federal Reserve policy makers. Oil prices rose in choppy trading after five days of heavy losses as…
[ad_1] WASHINGTON/DUBAI (Reuters) – The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare and vowed to defy. The measures are part of a wider effort by U.S. President Donald Trump to curb Tehran’s missile…
[ad_1] FILE PHOTO: The Goldman Sachs company logo at the New York Stock Exchange, April 17, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) has appointed investment bankers David Dubner and Pete Michelsen to be co-heads of activism and shareholder advisory for the Americas, the bank said on Monday in…
[ad_1] NEW YORK (Reuters) – The board of Citigroup Inc (C.N) on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat. FILE PHOTO: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012.…
[ad_1] The Toronto Real Estate Board is reporting a six per cent increase in home sales last month compared to the same month a year earlier, with strong demand for condos and low-rise units. The emerging seller’s market for homes was strongest in the city of Toronto, driven by a 10.9 per cent increase in…
[ad_1] DUBAI (Reuters) – Sanctions have already cost Iran billions of dollars in oil revenue since May when U.S. President Donald Trump pulled out of the nuclear deal, U.S. Special Representative for Iran Brian Hook told reporters on a call on Monday. FILE PHOTO: Gas flares from an oil production platform at the Soroush oil…
[ad_1] NEW YORK (Reuters) – A divided federal appeals court on Monday overturned the insider trading conviction of a former Wall Street investment banker accused of passing tips about five mergers in the healthcare industry to his father, and ordered a new trial. FILE PHOTO – Former Perella Weinberg investment banker Sean Stewart exits the…
[ad_1] (Reuters) – Sears Holdings Corp (SHLDQ.PK) is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600 million from $300 million without Chairman Eddie Lampert’s hedge fund contributing, people familiar with the matter said on Monday. FILE PHOTO: A woman walks out of closing down sale at…
[ad_1] WASHINGTON/DUBAI (Reuters) – The United States imposed strict sanctions on Iran on Monday and threatened more action to stop Tehran pursuing “outlaw” policies, steps the Islamic Republic condemned as economic warfare and vowed to defy. The measures are part of a wider effort by U.S. President Donald Trump to curb Tehran’s missile and nuclear…
[ad_1] The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be “steadily withdrawn.” Stephen Poloz’s remarks Monday came as the Bank of Canada signals it will gradually raise its benchmark interest rate from its current level of…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid The Nasdaq opened lower on Monday, dragged down by a more than 2 percent fall in Apple Inc shares, while a jump in energy stocks supported the S&P 500 and the Dow Jones…
[ad_1] The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid (Reuters) – Goldman Sachs Group Inc (GS.N) is ahead of its goal to generate $5 billion in additional annual revenue by 2020, having already…
[ad_1] Home improvement retailer Lowe’s is closing 31 underperforming stores across British Columbia, Alberta, Ontario, Quebec, and Newfoundland and Labrador, and 20 others in the U.S. The North Carolina-based chain said Monday morning that the closures are “part of its ongoing strategic reassessment” of its business. Most are in Ontario and Quebec. Locations at the following addresses will…
[ad_1] Hans Vestberg, Verizon executive vice president and president of Global Networks and Chief Technology Officer, speaks during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. REUTERS/Steve Marcus (Reuters) – Verizon Communications Inc said on Monday it will reorganize its business segments into…
[ad_1] HONG KONG (Reuters) – An unprecedented boom in the $280 billion aircraft finance industry is showing signs of faltering as rising interest rates, cut-rate competition and higher oil prices trigger a shakeout in a sector that has attracted a flood of Chinese funding. FILE PHOTO – A bird passes in the foreground as a…
[ad_1] FILE PHOTO: Iranian Foreign Minister Mohammad Javad Zarif speaks during a news conference in Istanbul, Turkey October 30, 2018. REUTERS/Murad Sezer/File Photo LONDON (Reuters) – Iranian Foreign Minister Mohammad Javad Zarif said on Monday that new U.S. sanctions were “backfiring”, making Washington more isolated, not the Islamic Republic. “Today, US defied UN top court…
[ad_1] WASHINGTON/DUBAI (Reuters) – Iran said it would defy U.S. sanctions reimposed on it by Washington on Monday, denouncing as “economic war” the U.S. attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East. Iranian rials, U.S. dollars and Iraqi dinars are seen at a currency exchange shop in…
[ad_1] LONDON (Reuters) – Oil prices fell on Monday as U.S. sanctions against Iran’s fuel exports were softened by waivers allowing major buyers to import Iranian crude for a while, while Tehran said it would defy Washington and continue to sell. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017.…
[ad_1] LONDON (Reuters) – World stocks slipped on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising U.S. interest rates dampened risk appetite. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 2, 2018. REUTERS/Staff European shares followed Asia lower as investors…
[ad_1] Canadians who thought political and economic turmoil south of the border had reached a peak may be in for a surprise after tomorrow’s midterm elections. Until all the votes are counted, no one can be sure where the chips will fall, but there is increasing evidence that President Donald Trump’s Republican Party could lose…
[ad_1] Companies that have embraced waste reduction as part of their business strategy will share the secrets of their success at a conference in Vancouver this week. It’s been described as the “circular economy” and it’s a business trend that’s as much about the bottom line as it is about sustainability. In recent years, large retail brands…
[ad_1] A woman walks in front of the Banca Popolare di Milano (BPM) bank in downtown Milan, Italy, January 29, 2016. REUTERS/Alessandro Garofalo/File Photo MILAN (Reuters) – Shares in Italian banks Banco BPM (BAMI.MI) and Intesa Sanpaolo (ISP.MI) both fell around 1.5 percent in early trade on Monday after the results of last week’s Europe-wide…
[ad_1] TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) said it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop off about a quarter from its annual profit forecast. The logo of Subaru Corp. is pictured at the 45th Tokyo Motor Show…
[ad_1] FILE PHOTO: Iran’s President Hassan Rouhani speaks at a news conference on the sidelines of the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. REUTERS/Brendan Mcdermid/File Photo DUBAI (Reuters) – Iran will sell its oil and break sanctions reimposed by the United States on…
[ad_1] SYDNEY (Reuters) – Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling briefly jumped to a two-week high on hopes of an orderly Brexit. File Picture: A man looks at a stock quotation board…
[ad_1] NEW YORK (Reuters) – Buy the dollar but sell FAANGs, buy real estate and machinery, but sell the overall market. Or, do nothing at all. FILE PHOTO: People walk by a Wall Street sign close to the New York Stock Exchange (NYSE) in New York, U.S., April 2, 2018. REUTERS/Shannon Stapleton/File Photo Investors heading…
[ad_1] WASHINGTON (Reuters) – The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. FILE PHOTO: Iranian rials, U.S. dollars and Iraqi dinars are seen…
[ad_1] SYDNEY (Reuters) – Asian stocks sank on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling jumped to a two-week high on hopes of an orderly Brexit. File Picture: A man looks at a stock quotation board outside…
[ad_1] TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son will face questions on Monday about his company’s dependence on Saudi Arabia, in his first public appearance since the murder of a journalist by Saudi security forces sparked global outrage. FILE PHOTO: SoftBank Group Corp Chairman and CEO Masayoshi Son speaks during…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Front-month Brent crude…
[ad_1] SYDNEY (Reuters) – Asian stocks were hammered on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war dented risk sentiment, while sterling jumped to two-week highs on hopes of an orderly Brexit. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo MSCI’s broadest…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Front-month Brent crude…
[ad_1] SYDNEY (Reuters) – Sterling jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit while Asian stocks started the week gingerly amid worries about tense Sino-U.S. trade relations. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo With just five months to go until Britain…
[ad_1] SYDNEY (Reuters) – Sterling jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit while Asian stocks started the week gingerly amid worries about tense Sino-U.S. trade relations. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo With just five months to go until the…
[ad_1] Almost 30 years ago, George Graves signed up for a Mastercard at his local Canadian Tire store. He was also sold insurance on that credit card, designed to help with payments in the event a cardholder loses their job, becomes disabled or gets sick. “My husband paid for Credit Protector insurance all these years in case…
[ad_1] SYDNEY (Reuters) – The British pound jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit, while Asian stocks will likely have a nervous start amid worries about shaky Sino-U.S. trade relations. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo With just five months…
[ad_1] SEOUL/DETROIT/CHONGQING, China (Reuters) – At a near-empty Hyundai Motor (005380.KS) showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world’s largest auto market. A worker cleans the ifloor next to a Sonata hybrid at…
[ad_1] PARIS (Reuters) – China’s online giants Alibaba (BABA.N) and JD.com (JD.O) are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties. FILE PHOTO Pedestrians pass in front of a Louis Vuitton…
[ad_1] (Reuters) – Sears Holdings Corp (SHLDQ.PK) is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that would help it avoid liquidation, people familiar with the matter said. FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park,…
[ad_1] FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File photo (Reuters) – Amazon.com Inc (AMZN.O) is in late-stage talks with Dallas, New York, the Crystal City area of northern Virginia and a few other candidates for the location of its second headquarters,…
[ad_1] NEW YORK/PARIS (Reuters) – JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, said on Sunday that it has selected impoverished areas around Paris as the first foreign focus of an urban economic development strategy it started four years ago in Detroit. A view of the exterior of the JP Morgan Chase…
[ad_1] LONDON (Reuters) – New economic forecasts from the European Commission and services PMIs will help clarify the outlook for the euro zone economy after third-quarter growth disappointed, while mid-term elections and a Federal Reserve meeting top the U.S. agenda. The European Union’s executive will publish its quarterly economic forecasts on Thursday for the 28…
[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. Police raid Indian call centres The call centres behind those fake CRA calls have been raided. It follows our investigation that revealed where many of the scammers were operating. In one…
[ad_1] DUBAI/HONG KONG (Reuters) – Emirates is edging towards a deal with Rolls-Royce (RR.L) to power its latest Airbus (AIR.PA) A380 superjumbos but has not yet reached a final agreement, the Dubai-based airline said on Sunday. An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard…
[ad_1] Five months ago, Alistair Vigier launched his all-virtual law firm, with a staff of eight who telecommute from a variety of locations across the country. While Vigier is based in Victoria, ClearWay Law’s lawyers are distributed around the Greater Toronto Area, and its admin and other staff are spread around Victoria, Vancouver and Regina. All work from home,…
[ad_1] (Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide. FILE PHOTO: A drilling crew uses a mechanical roughneck machine to thread drill pipe together on an oil rig in the…
[ad_1] SHANGHAI/BEIJING (Reuters) – Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand. FILE PHOTO: Red Falcon, an aerobatic team of Chinese People’s Liberation Army (PLA)…
[ad_1] Britain’s Prime Minister Theresa May walks out of 10 Downing Street in London, Britain, October 24, 2018. REUTERS/Simon Dawson LONDON (Reuters) – A report suggesting an all-UK customs deal will be written into the legally binding agreement governing Britain’s withdrawal from the EU to avoid the need for an Irish backstop is “speculation”, Prime…
[ad_1] LONDON (Reuters) – An all-UK customs deal will be written into the legally binding agreement governing Britain’s withdrawal from the EU so that an Irish backstop, which has been the main stumbling bloc to London and Brussels agreeing a deal, is not required, the Sunday Times reported. That agreement will include an exit clause,…
[ad_1] An anti-Brexit demonstrator waves flags outside the Houses of Parliament, in London, Britain, September 10, 2018. REUTERS/Hannah McKay LONDON (Reuters) – More than 70 business figures are calling for a public vote on the final terms of Britain’s exit from the European Union, warning that the country faces “either a blindfold or a destructive…
[ad_1] An anti-Brexit demonstrator waves flags outside the Houses of Parliament, in London, Britain, September 10, 2018. REUTERS/Hannah McKay LONDON (Reuters) – More than 50 senior business leaders have signed a letter to be published in The Sunday Times newspaper that will say there should be a new public vote on the final terms of…
[ad_1] The Washington Post is reporting that Seattle-based Amazon is in “advanced talks” to open its second headquarters, this one in the Washington, D.C., metropolitan area. Amazon is apparently seriously considering an area known as Crystal City. It’s a large residential and office complex in Arlington, Virginia, just south of Washington, the Post reported Saturday,…
[ad_1] An anti-Brexit demonstrator waves flags outside the Houses of Parliament, in London, Britain, September 10, 2018. REUTERS/Hannah McKay LONDON (Reuters) – More than 50 business leaders have signed a letter that will appear in The Sunday Times newspaper effectively calling for a second vote on Brexit, Sky News reported on Saturday. Signatories include the…
[ad_1] NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited from lower taxes. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting…
[ad_1] FILE PHOTO – A salesperson speaks on the phone at an Apple reseller store in Mumbai, India July 27, 2018. Picture taken July 27, 2018. REUTERS/Francis Mascarenhas BENGALURU (Reuters) – Apple’s iPhone sales are set to dip by around a quarter in India’s holiday season fourth quarter, putting them on course for the first…
[ad_1] FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha May 4, 2013. REUTERS/Rick Wilking/File Photo NEW YORK (Reuters) – Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled from the year prior due to stronger…
[ad_1] Opportunities for work in Canada’s online gig economy are growing faster than in many other countries, according to the organization behind a new tool that sheds light on a part of the world’s workforce that largely goes unmeasured. The Online Labour Index uses an automated data collector to scan some of the top digital labour websites including…
[ad_1] It’s one of the latest celebrity-endorsed crazes sweeping social media: Teatoxing, the idea you can detoxify your body, reduce bloat, boost energy, burn stored fat and ultimately flatten your tummy — in part by drinking tea. But according to Health Canada, the sale of some of these popular brands — with catchy names like…
[ad_1] WASHINGTON (Reuters) – U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December. The Labor Department’s closely watched monthly employment report on Friday also showed the unemployment rate…
[ad_1] FILE PHOTO: A man walks near a logo of Tesla outside its China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo SAN FRANCISCO (Reuters) – Tesla booked $189.5 million in automotive regulatory credits in its third quarter which helped contribute to profitability, the company said in a quarterly…
[ad_1] WASHINGTON (Reuters) – Google’s top lobbyist in Washington is stepping aside as the U.S. technology company faces criticism on Capitol Hill on issues including privacy protections and its investment plans in China, the Alphabet Inc (GOOGL.O) unit said on Friday. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich…
[ad_1] Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018. REUTERS/Stringer SHANGHAI (Reuters) – China is willing to resolve trade issues with the United States through mutually respectful talks and on an equal footing, said one of the country’s vice commerce ministers Wang Bingnan on Saturday. Beijing will jointly…
[ad_1] MILAN (Reuters) – Italy’s Banco BPM (BAMI.MI), one of the banks that fared the worst in Europe-wide stress tests of the sector, said on Friday one-off costs had weighed on the outcome of the health check. Banco BPM, born in 2017 from the merger of Banco Popolare and Banca Popolare di Milano, said costs…
[ad_1] FRANKFURT (Reuters) – German lender NordLB’s chairman Reinhold Hilbers said on Friday the German state of Lower Saxony was reviewing how it could strengthen the public sector lender’s balance sheet after it scored worst among German banks in European stress tests. The bank had a core tier one equity ratio of 7.07 percent under…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries’ differences but warning that he still may impose more tariffs on Chinese goods. Trump, speaking to reporters in Washington…
[ad_1] WASHINGTON (Reuters) – Uber Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it suspended testing following a deadly crash in Arizona. FILE PHOTO: A car passes the location where a…
[ad_1] SAN FRANCISCO (Reuters) – U.S. President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week’s congressional elections. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid While not fully…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc said on Friday it had received a subpoena from the U.S. Securities and Exchange Commission over forecasts it made about Model 3 production in 2017, a set of targets the electric vehicle company failed to hit on time. FILE PHOTO: A Tesla charging station is seen in Salt…
[ad_1] VIENNA (Reuters) – Austria’s banking supervisors on Friday renewed their calls to the country’s biggest lenders to bolster their capital reserves after Erste Group (ERST.VI) was ranked among the 10 worst performers in a Europe-wide stress test. The European Union’s banking watchdog, the European Banking Authority, published results for 48 banks on Friday in…
[ad_1] NEW YORK (Reuters) – Government probes into Goldman Sachs Group Inc’s dealings with the Malaysian sovereign wealth fund 1MDB may still result in “significant fines, penalties and other sanctions,” the Wall Street bank said in a regulatory filing on Friday. Goldman said it is cooperating with the U.S. Department of Justice and other regulators…
[ad_1] CHICAGO (Reuters) – Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers. FILE PHOTO: A shopper is seen in the aisle of a Walmart store in Woodstock, Georgia, U.S.,…
[ad_1] NEW YORK (Reuters) – U.S. stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks. Apple Inc (AAPL.O) tumbled 6.6 percent, sending its market value below $1 trillion at the close, a day after the iPhone maker warned that…
[ad_1] WASHINGTON (Reuters) – Twitter Inc (TWTR.N) deleted more than 10,000 automated accounts posting messages that discouraged people from voting in Tuesday’s U.S. election and wrongly appeared to be from Democrats, after the party flagged the misleading tweets to the social media company. A voting official hands back an early voter his ID in Valdosta,…
[ad_1] NEW YORK (Reuters) – Concerns that a trade deal between the United States and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U.S. bond yields. Markets had earlier climbed on hopes that the world’s two…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks. The Dow Jones…
[ad_1] LONDON (Reuters) – Britain’s Barclays (BARC.L) and Lloyds (LLOY.L) were the surprise laggards in a European Union bank health check on Friday, alongside Banco BPM (BAMI.MI), one of the Italian banks which had been expected to struggle. The EU’s banking watchdog published results for 48 banks on Friday in its toughest “stress test” since…
[ad_1] WASHINGTON (Reuters) – The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities. U.S. Secretary of State Mike Pompeo, who announced the decision, did not name the eight,…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) on Friday scored among the ten worst banks in the latest round of European stress tests, yet another sign of weakness at Germany’s largest lender. FILE PHOTO: A man walks past Deutsche Bank offices in London, Britain, December 5, 2013. REUTERS/Luke MacGregor/File Photo Under the test’s toughest “adverse”…
[ad_1] Canadian apparel retailer Jean Machine Clothing Inc. will close down all of its stores by the end of winter because of losses. Jean Machine’s president Lisa Hryciuk announced in a letter posted on the company’s social media channels that 20 of its locations will be shuttered by Jan. 31 and another four will be…
[ad_1] FILE PHOTO – A general exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report…
[ad_1] Amazon, one of the world’s largest companies, has transformed the face of commerce in part because it has managed to at once to be “The Everything Store” but still with a route into its sea of products that, for most users, surfaces what they might most want to see (and importantly buy or consume).…
[ad_1] (Reuters) – U.S. oil and natural gas producer Chevron Corp (CVX.N) on Friday reported that its quarterly profit doubled on record oil and gas production, sending its shares up as much as 5 percent. FILE PHOTO: The Chevron Pascagoula Refinery is pictured as Tropical Storm Gordon approaches Pascagoula, Mississippi, U.S., Sept. 4, 2018. REUTERS/Jonathan…
[ad_1] Cameco Corp. says it earned $28 million in its latest quarter compared with a loss in the same quarter last year. The uranium miner says the profit amounted to seven cents per share for the quarter ended Sept. 30 compared with a loss of $124 million or 31 cents per share a year ago.…
[ad_1] (Reuters) – U.S. drugmaker AbbVie Inc (ABBV.N) on Friday lowered its overseas sales forecast for its top-selling medicine, Humira, as it agreed to larger-than-expected price cuts due to new European competition. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange July 18,…
[ad_1] FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S., September 28, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Tesla Inc said on Friday it received a subpoena from the U.S. Securities and Exchange Commission regarding certain projections the electric car maker made for Model 3 production rates during 2017. The…
[ad_1] FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson/File Photo (Reuters) – Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices…
[ad_1] (Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) lowered its full-year sales forecast on Friday due to concerns about the economic impact of a U.S.-China trade spat, which the company expects will dent revenue ahead of its top sale season. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in…
[ad_1] The economy added 11,200 jobs last month despite fewer people looking for work, Statistics Canada said Friday. The data agency’s monthly Labour Force Survey showed that more than 18,705,000 Canadians 15 or older said they had a job last month, an increase from 18,693,000 the month previous. October’s numbers mean the economy has added almost…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures dipped lower on Friday, after a Labor Department report showed U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in nine-and-a-half years.…
[ad_1] LONDON (Reuters) – World share markets roared higher on Friday as hopes built that the United States and China were starting to repair their badly damaged trade relations. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 25, 2018. REUTERS/Staff The signals triggered a global surge…
[ad_1] (Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) reported lower-than-expected quarterly revenue on Friday, another sign of slowing momentum for China’s giant e-commerce platforms and its economy. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo Alibaba’s stock has…
[ad_1] SINGAPORE (Reuters) – The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran next week, Bloomberg cited a U.S. official as saying. A gas flare on an oil production platform in the Soroush oil…
[ad_1] LONDON (Reuters) – World share markets roared higher on Friday as hopes built that the United States and China were starting to repair their badly damaged trade relations. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 25, 2018. REUTERS/Staff The signals triggered a global surge…
[ad_1] When a person competes for a job, the hope is that they will be measured by their talent and ability, not by their appearance. But Virgie Tovar, a self-described “fat woman” weighing 250 pounds, says fatphobia has stunted her career growth. Fatphobia is a term used to describe a bias against someone based solely…
[ad_1] With no immediate relief in sight from a collapse in Canadian oil prices, Alberta oilsands companies are beginning to turn down the taps and produce less oil. Low prices for Canadian crude are causing a chill throughout the industry — from the oil majors, to the small service companies. Cenovus announced on Wednesday it would limit its…
[ad_1] Can’t find any weed to buy for a party this weekend? Don’t complain. Canadians who use cannabis for medical reasons are being hit by shortages in a far worse way. “It’s actually more than a supply issue, really it’s something of a health crisis now,” says James O’Hara of the patient advocacy group…
[ad_1] A B.C. man who recently suffered a stroke said he was left humiliated and out more than $1,000 after WestJet kicked him off a flight to Cuba and stranded his family at the Toronto airport. The airline removed Stephen Bennett from the Oct. 13 flight after he took a sleeping pill and fell into a…
[ad_1] SHANGHAI/TOKYO (Reuters) – Asian shares rocketed to three-week highs on Friday while the dollar softened on a report that U.S. President Donald Trump is taking steps to resolve a damaging trade war with China that has cast a pall over the global economy and financial markets recently. FILE PHOTO – People stand in the…
[ad_1] (Reuters) – AT&T Inc’s WarnerMedia has accused the U.S. Department of Justice of “collaborating” with Dish Network Corp in a high profile dispute over carrying HBO and Cinemax. FILE PHOTO – The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido For the first time…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) on Thursday reported a better-than-expected rise in quarterly sales at established stores as it benefited from higher prices in the United States and a rebound in China, sending its shares up nearly 9 percent. A Starbucks sign is show on one of the companies stores in Los Angeles, California,…
[ad_1] SHANGHAI (Reuters) – Asian shares jumped to three-week highs on Friday and U.S. equity futures rebounded on a report that U.S. President Donald Trump has asked officials to draft terms for a potential trade deal with China following a phone call with leader Xi Jinping. FILE PHOTO – People stand in the lobby of…
[ad_1] FILE PHOTO: Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12, 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) (JLR) will create 100 jobs with a new technical engineering office in Hungary to allow for close collaboration with suppliers in…
[ad_1] WASHINGTON (Reuters) – U.S. job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December. People wait in line at a stand during the Executive Branch Job…
[ad_1] SHANGHAI (Reuters) – Asian shares jumped on Friday after a phone call between the U.S. and Chinese presidents raised hopes of a thaw in trade tensions, but gains were checked by signs of slowing global growth and a warning from tech giant Apple Inc on holiday sales. FILE PHOTO – People stand in the…
[ad_1] FILE PHOTO: A smartphone displaying the DriveNow app with cars available in Berlin’s city centre is held up next to a car from the DriveNow service in this picture illustration taken in Berlin, Germany, May 27, 2015. REUTERS/Stefanie Loos/File Photo LONDON (Reuters) – BMW is expanding its car-sharing service DriveNow into five more London…
[ad_1] (Reuters) – First Apple Inc took away the headphone jack on its iPhones. Then it took away the home button. FILE PHOTO: The Apple iPhone 7 and AirPods are displayed during an Apple media event in San Francisco, California, U.S. September 7, 2016. Reuters/Beck Diefenbach/File Photo And now, it has taken away a closely…
[ad_1] SHANGHAI (Reuters) – Asian equity markets rose on Friday as China and the United States expressed optimism about resolving their bruising trade war, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares. FILE PHOTO – People stand in the lobby of the Indonesia…
[ad_1] FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) is halting work on two renovation projects at facilities in the Detroit area as it offers voluntary severance packages to 18,000 salaried…
[ad_1] WASHINGTON (Reuters) – Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he received millions of dollars in bribes in return for giving them preferential treatment, a source with knowledge of the matter said on Thursday. The corporate logo…
[ad_1] LOS ANGELES (Reuters) – United Parcel Service Inc (UPS.N) has warned customers it will stop picking up shipments of heavy items next Wednesday to avoid potential freight disruptions before union voting on a tentative contract ends on Nov. 11, the company said on Thursday. FILE PHOTO: The logo of United Parcel Service is seen…
[ad_1] (Reuters) – A federal judge on Thursday dismissed the central claim in lawsuits accusing five food producers and retailers of deceiving consumers by using “100% Grated Parmesan Cheese” labels to describe products that contained cellulose, an anti-clumping agent made from wood pulp. FILE PHOTO – Wheels of parmesan are stored on shelves to mature…
[ad_1] (Reuters) – Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets and foreign exchange costs. The disappointing forecast by the world’s most valuable technology company helped send shares down as much as 7 percent,…
[ad_1] FILE PHOTO – A Sunoco station with current gasoline and diesel prices is seen during a fill up in Colesville, Maryland February 10, 2015. REUTERS/Gary Cameron WASHINGTON (Reuters) – The U.S. Court of Appeals for the Federal Circuit on Thursday upheld a lower court ruling that Sunoco (SUN.N) not be allowed to claim $1…
[ad_1] MOUNTAIN VIEW, Calif. (Reuters) – Thousands of Google employees around the world briefly walked off their jobs on Thursday to protest the company’s response to sexual harassment and demand that the world’s largest search engine address rising concerns about workplace inequality. The protests took place in waves, beginning in Asia and then streaming across…
[ad_1] WASHINGTON (Reuters) – Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he received millions of dollars in bribes in return for giving them preferential treatment, a source with knowledge of the matter said on Thursday. The corporate logo…
[ad_1] (Reuters) – Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can keep up with demand for new products. A customer stands underneath an illuminated…
[ad_1] Bell Media has beefed up its streaming service CraveTV with new HBO shows and other exclusive content without the need for a television subscription, for a higher price. The company announced on Thursday that it is expanding its CraveTV brand to include new programming from HBO, along with all content on channels previously known…
[ad_1] FILE PHOTO: Barclays’ logo is seen on top of one of its branches in Madrid, Spain in this March 22, 2016 photo. REUTERS/Sergio Perez/File Photo (Reuters) – Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), has been appointed to succeed John McFarlane as the company’s…
[ad_1] WASHINGTON (Reuters) – The chair of the House Financial Services Committee says he is still hopeful the Senate will vote on a bill that would make it easier for companies to raise capital and go public, despite a growing likelihood the legislation has stalled in the upper chamber. FILE PHOTO – U.S. Representative Jeb…
[ad_1] Asana, the platform where people can create and track the progress of work projects, made its name originally as a place where individuals and smaller teams can create and track the progress of a specific project. Now, as the startup courts bigger organizations among its 50,000 paying organizations and millions of (paying and free)…
[ad_1] MOUNTAIN VIEW, Calif./NEW YORK (Reuters) – Thousands of Google employees and contractors staged brief midday walk-outs on Thursday at offices across Asia, Europe and North America to protest sexism, racism and unchecked executive power in their workplace. At Google’s global headquarters in Mountain View, California, hundreds of employees streamed into a courtyard. One large…
[ad_1] Foursquare, the former location-based social network turned enterprise location data platform, has today announced a new partnership with TripAdvisor. TripAdvisor will be using Foursquare’s Pilgrim SDK, launched in March 2017, to help the platform better serve users with contextually relevant, real-time information based on their location. Alongside the 13 billion check-ins accumulated on Foursquare’s…
[ad_1] FILE PHOTO – Lachlan Murdoch, son of Rupert Murdoch, CEO of News Corp. and 20th Century Fox arrives for the annual Allen and Co. Conference at the Sun Valley, Idaho Resort July 9, 2013. REUTERS/Rick Wilking (Reuters) – Twenty-First Century Fox Inc (FOXA.O) Executive Chairman Lachlan Murdoch said Thursday it is still an “open…
[ad_1] The past decade in retail has been the golden age of direct-to-consumer (D2C) and digitally native vertical brands (DNVBs) that use the internet to communicate with customers, execute transactions, handle distribution and offer better economics. But as small independent startups have scaled into unicorn territory and as countless brands have saturated digital channels, customer acquisition…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina. China’s Premier Li Keqiang (R) shakes hands with Tennessee Senator Lamar Alexander during a…
[ad_1] (Reuters) – Canadian pipeline operator TransCanada Corp said on Thursday it is eyeing joint ventures and asset sales, among other options, to finance the construction of its $8 billion Keystone XL crude oil pipeline. A depot used to store pipes for Transcanada Corp’s planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota,…
[ad_1] As car and tech companies continue to make inroads on vehicles and services to build autonomous driving systems, a startup that is creating high-definition maps to help these vehicles move around has quietly picked up a significant round of funding. DeepMap — a Palo Alto startup co-founded by James Wu and Mark Wheeler, who…
[ad_1] SAN FRANCISCO/DUBLIN (Reuters) – Over 1,000 Google employees and contractors in Asia and Europe staged brief midday walkouts on Thursday, with more expected to follow at offices worldwide, amid complaints of sexism, racism and unchecked executive power in their workplace. In a statement late on Wednesday, the organizers called on Google parent Alphabet Inc…
[ad_1] HashiCorp, the company that has made hay developing open source tools for managing cloud infrastructure, obviously has a pretty hefty commercial business going too. Today the company announced an enormous $100 million round on a Unicorn valuation of $1.9 billion. The round was led by IVP, whose investments include AppDynamics, Slack and Snap. New…
[ad_1] NEW YORK/KUALA LUMPUR (Reuters) – U.S. prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions from Malaysian sovereign wealth fund 1MDB. Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange…
[ad_1] Rockset, a startup that came out of stealth today, announced $21.5M in previous funding and the launch of its new data platform that is designed to simplify much of the processing to get to querying and application building faster. As for the funding, it includes $3 million in seed money they got when they…
[ad_1] Jewelry with the Bitcoin logo is seen on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar NEW YORK (Reuters) – New York state’s Department of Financial Services said on Thursday it has approved the virtual currency license of bitcoin teller machines operator…
[ad_1] NEW YORK (Reuters) – BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world’s two largest economies engage in tit-for-tat tariffs. FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All…
[ad_1] Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion. Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock. Encana will also assume US$2.2 billion of Newfield debt. “This strategic combination advances…
[ad_1] Spoke, a startup that wants to simplify the way companies add and process help desk tickets using artificial intelligence underpinnings, announced it has enhanced its AI engine to allow for more complex queries. The company founders were working at Google after a previous startup had been sold to the search giant when they encountered…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment. The Dow Jones Industrial Average .DJI rose 26.32 points,…
[ad_1] FILE PHOTO – A worker gift wraps a holiday order for a customer at the Amazon Fulfillment Center in Tracy, California, November 29, 2015. REUTERS/Fred Greaves NEW YORK (Reuters) – U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent…
[ad_1] Last year, HPE successfully built and installed a supercomputer on the International Space Station that could withstand the rigors of being in space. Today, the company announced that it is making that computer available for earth-based developers and scientists to conduct experiments. Mark Fernandez, who has the lofty title of America’s HPC Technology Officer…
[ad_1] FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market…
[ad_1] NEW YORK (Reuters) – Tuesday’s midterm U.S. congressional elections stand to have broad effects on federal government policies that could ripple through industries from healthcare and tech to gunmakers and prisons. Traders work on the floor of the New York Stock Exchange (NYSE) near the close of market in New York, U.S., October 31,…
[ad_1] Neo4j has helped popularize the graph database. Today it was rewarded with an $80 million Series E to bring their products to a wider market in what could be the company’s last private fundraise. The round was led by One Peak Partners and Morgan Stanley Expansion Capital with participation from existing investors Creandum, Eight…
[ad_1] NEW YORK (Reuters) – U.S. homebuilders’ earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering. A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The S&P Composite 1500 Homebuilding index…
[ad_1] BEIJING (Reuters) – China and the United States can overcome their differences and get relations back on track if they work together in a spirit of mutual respect, Chinese Premier Li Keqiang told a group of visiting U.S. politicians on Thursday. China’s Premier Li Keqiang (R) shakes hands with Tennessee Senator Lamar Alexander during…
[ad_1] FILE PHOTO – David Cordani, president and CEO of CIGNA Corp., appears on CNBC at the New York Stock Exchange, (NYSE) in New York, U.S., March 8, 2018. REUTERS/Brendan McDermid (Reuters) – Cigna Corp (CI.N) on Thursday reported a higher third quarter profit, helped by lower medical costs in its government healthcare plans. Net…
[ad_1] For many, the signature silver dog of Greyhound is the symbol of bus travel. But that iconic image might be replaced by a more colourful logo if the European bus line FlixBus gets access to Canada’s intercity bus markets. FlixBus runs lime green buses that have a pair of orange arrows emblazoned on their sides. It launched…
[ad_1] New privacy rules designed to better safeguard the personal data of Canadians and let them know when it has been breached kick in Thursday, but even security experts say they are far from perfect. The legislation, known as the Personal Information Protection and Electronic Documents Act (or PIPEDA) does a lot of things, but most…
[ad_1] The Royal Canadian Mounted Police has changed the way it handles credit cards for gasoline purchases after it fell victim to organized criminals and the fraud went undetected for months. By the time the RCMP realized one of its gas cards had been cloned, the crooks had racked up $104,555 in purchases. The force…
[ad_1] STOCKHOLM (Reuters) – Volvo Cars has teamed up with Chinese search engine operator Baidu to develop a self-driving taxi for China, it said on Thursday, opening another frontier to secure its place in the robotaxi market while its Uber supply deal remains in limbo. The logo of Volvo is seen on the front grill…
[ad_1] TOKYO (Reuters) – Battered equity investors got Asia off to a positive start for November, as Thursday’s session benefited from another strong performance on Wall Street, while the pound jumped on a report Britain has secured a deal that would give its financial services firms continued access to European markets after Brexit. Visitors are…
[ad_1] MEXICO CITY (Reuters) – Uber Technologies Inc said on Thursday that it would begin accepting cash fares in Mexico City, seizing on a recent Supreme Court decision, though local government has yet to approve the form of payment. General Manager of Uber Mexico Federico Ranero speaks during the presentation of their new security measures…
[ad_1] SAO PAULO (Reuters) – Amazon.com Inc is struggling to ramp up its operations in Brazil, a promising market that so far has proven difficult for the world’s largest online retailer to crack, according to nearly twenty people with knowledge of the situation. FILE PHOTO: Area manager Alyssa Wells retrieves packages to put them on…
[ad_1] LONDON (Reuters) – Silicon Valley technology giants such as Facebook and Google have grown so dominant they may need to be broken up, unless challengers or changes in taste reduce their clout, the inventor of the World Wide Web told Reuters. World Wide Web founder Tim Berners-Lee attends a news conference in London December…
[ad_1] LONDON/TORONTO (Reuters) – Canada’s Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday. FILE PHOTO: Barrick Gold Chairman John Thornton speaks during the company’s annual general meeting in Toronto, April 28, 2015. REUTERS/Mark Blinch/File Photo Barrick’s…
[ad_1] HONG KONG/DUBAI (Reuters) – Airbus faces new headaches delivering A330s to airlines tied to China’s cash-strapped HNA Group and is in separate talks with Emirates over the timing of undelivered A380 superjumbos. A logo of Airbus is pictured at the entrance of the company’s delivery center in Colomiers near Toulouse, France, July 10, 2018.…
[ad_1] (Reuters) – Anthem Inc (ANTM.N) on Wednesday said its own expectations for 2019 earnings are ahead of current Wall Street estimates and the health insurer also raised its 2018 profit forecast, and its shares rose as much as 5 percent. The office building of health insurer Anthem in seen in Los Angeles, California February…
[ad_1] (Reuters) – Yum Brands Inc (YUM.N) beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent. A Kentucky Fried Chicken (KFC) bucket of fried chicken is…
[ad_1] BRUSSELS (Reuters) – European Union finance ministers will discuss next week a watered down proposal on an EU-wide digital tax, a document seen by Reuters shows, trying to persuade reticent governments to agree on the plan by the end of the year. FILE PHOTO: Facebook, Amazon, Netflix and Google logos are seen in this…
[ad_1] (Reuters) – American International Group Inc (AIG.N) reported a smaller quarterly loss on Wednesday as reinsurance pacts helped offset steep catastrophe losses in Japan and North America. FILE PHOTO: The AIG logo is seen at its building in New York’s financial district in New York, NY, U.S. on March 19, 2015. REUTERS/Brendan McDermid/File Photo…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday as bruised investor sentiment got some relief from another robust Wall Street session thanks to upbeat corporate earnings, while the dollar hovered near a 16-month high on further signs of strength in the world’s largest economy. Visitors are seen as market prices are reflected in a…
[ad_1] NEW YORK (Reuters) – Carlyle Group LP (CG.O) on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that of rivals on the back of turbulent markets in Asia. The logo of the Carlyle Group is displayed at the company’s office…
[ad_1] PARIS (Reuters) – European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems. The cautious tone on deliveries – which implied a 2 percent cut in the annual target by changing its parameters to include a…
[ad_1] WASHINGTON (Reuters) – U.S. Supreme Court justices, in an internet privacy case involving Google(GOOGL.O), disagreed on Wednesday over whether to rein in a form of settlement in class action lawsuits that awards money to charities and other third parties instead of to people affected by the alleged wrongdoing. FILE PHOTO: A Google sign is…
[ad_1] NEW YORK (Reuters) – Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded for a second day on Wednesday as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits, even as the S&P 500 closed out its worst month in seven years. The S&P 500 lost 6.9 percent in October, while the Nasdaq shed 9.2…
[ad_1] Ontario’s ombudsman says his office has received more than 1,000 complaints about the province’s online cannabis store since it launched earlier this month. Paul Dubé says he’s set up a triage team to deal specifically with the flood of concerns over the government-run Ontario Cannabis Store. He says the most common complaints have involved delayed…
[ad_1] FRANKFURT/DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co are in “exploratory talks” to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions of dollars, according to a person familiar with the matter. FILE PHOTO: A car with the Volkswagen VW logo badge is seen…
[ad_1] As General Motors reported a healthy $3.29 billion third-quarter profit, the Detroit automaker ramped up its cost-cutting efforts by offering buyouts to 18,000 white-collar workers in both the United States and Canada. The company, while acknowledging it’s in good shape now, said Wednesday it needs to be smaller to prepare for tougher times that might be…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S.,…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded for a second day on Wednesday, as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits after equities had been spooked this month. Shares of Facebook Inc (FB.O) gained 4.6 percent after the social media giant said margins would stop shrinking after…
[ad_1] FILE PHOTO The Hyundai logo is seen outside a Hyundai car dealer in Golden, Colorado, November 3, 2014. REUTERS/Rick Wilking/File Photo (Reuters) – Hyundai Motor Co (005380.KS) and its affiliate Kia Motors Corp (000270.KS) are planning to launch a solar charging technology for some Hyundai vehicles to meet global emission regulation targets, the South…
[ad_1] The head of Statistics Canada is assuring Canadians that their personal financial data is safe after days of Conservative criticism over the agency’s move to collect the financial transaction data from 500,000 people. “I understand the concerns that Canadians have and want to assure them that their personal information is carefully protected, and never shared…
[ad_1] (Reuters) – U.S. stocks rose for a second day on Wednesday, as investors snapped up beaten-down technology favorites and strong results for General Motors and a host of other companies lifted spirits at the end of a torrid month for global equities. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] SEATTLE/ORLANDO, Fla. (Reuters) – SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth. Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office,…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) on Wednesday stepped up efforts to cut costs in response to tariff and market pressures, even as it reported third-quarter profit that blew past Wall Street expectations. The No. 1 U.S. automaker said on Wednesday it is offering buyouts to salaried employees with 12 or more years…
[ad_1] The British government announced on Tuesday an unprecedented “international grand committee” involving Canadian politicians concerning disinformation and fake news, with a summons for Facebook chief executive Mark Zuckerberg to appear. British MP Damian Collins released the open letter Tuesday, also signed by Canadian Conservative MP Bob Zimmer, asking Zuckerberg to appear Nov. 27 at…
[ad_1] Stocks are climbing again Wednesday morning as investors applaud quarterly results from companies including Facebook, General Motors and Estee Lauder. After a rally a day earlier, the S&P 500 index is now on track for its first two-day winning streak since late September. The index is still down 6.6 per cent in October and…
[ad_1] WASHINGTON (Reuters) – U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September. FILE PHOTO: A sign advertises open jobs at an Embassy Suites hotel in Waltham, Massachusetts, U.S., December 13, 2017. REUTERS/Brian…
[ad_1] LONDON (Reuters) – Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. FILE PHOTO: The screen of Southern California’s first two bitcoin-to-cash ATMs on its…
[ad_1] Statistics Canada says real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase. Thomson Reuters Eikon says economists had expected no change for the month. Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America, driven by its new pick-up trucks. FILE PHOTO: The GM logo is seen at the General Motors…
[ad_1] SEOUL (Reuters) – For Hyundai, the South Korean conglomerate, North Korea has been a story of lost opportunities – and tragedy. In 2003, months before Hyundai was set to open an industrial complex in North Korea, the executive behind the project committed suicide amid accusations his company had made a secret $500 million payment…
[ad_1] FILE PHOTO: A staff member cleans Honda brand’s accord sedan model at the booth of Guangzhou Automobile Group during the Auto China 2016 auto show in Beijing, China, April 26, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Honda Motor Co’s (7267.T) joint venture with GAC Group (601238.SS)(2238.HK) will invest 3.27 billion yuan ($469 million)…
[ad_1] NEW YORK (Reuters) – Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – Stock markets bounced higher on Wednesday, bringing some relief after a brutal October in which equities have suffered one of their worst drops in a decade and spooked investor confidence. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 29, 2018. REUTERS/Staff Sino-U.S.…
[ad_1] ZURICH (Reuters) – Siemens (SIEGn.DE) went back to its Berlin roots on Wednesday as it announced plans to invest up to 600 million euros ($681 million) to create an industrial and technology hub in the German capital. Siemens CEO Joe Kaeser looks on during a signing ceremony to invest in an innovation campus, in…
[ad_1] (Reuters) – Faraday Future co-founder Nick Sampson has quit his executive post at the Chinese electric vehicle developer, the latest blow to the troubled company that said it was experiencing “extraordinary financial hardship.” FILE PHOTO: Nick Sampson, senior vice president of product R&D and engineering at Faraday Future, speaks during an unveiling event for…
[ad_1] The logo of the Ford Motor Company is seen outside a car dealership in Cape Town, South Africa, October 18, 2017. REUTERS/Mike Hutchings BEIJING/SHANGHAI (Reuters) – Ford Motor Co and Baidu Inc launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and internet firms…
[ad_1] Small towns from Osoyoos, B.C., to Massey, Ont., will lose their bus connection to the wider world Wednesday night, when Greyhound Canada ceases its service to Western Canada. The last Greyhound bus pulls into a station in Western Canada Wednesday night at midnight, the victim of high costs and declining ridership, according to U.S.…
[ad_1] TOKYO/SHANGHAI (Reuters) – Asian stocks clawed up from 20-month lows on Wednesday amid pledges by China to support its markets, but investor confidence was brittle after equity markets bled trillions of dollars in a grim October. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11,…
[ad_1] WELLINGTON (Reuters) – A landmark 11-country deal that will slash tariffs across much of the Asia-Pacific will come into force at the end of December, New Zealand said on Wednesday, a rare bright spot for global commerce as the U.S.-China trade war intensifies. FILE PHOTO: New Zealand’s Minister for Trade and Export Growth David…
[ad_1] TOKYO/SHANGHAI (Reuters) – Asian stocks were set to end the month up from 20-month lows on Wednesday amid pledges by China to support its domestic markets, but sentiment was fragile after equity markets bled trillions of dollars in a grim October. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange…
[ad_1] LONDON/NEW YORK (Reuters) – Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday. Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar Its emergence has spawned a multitude of other digital…
[ad_1] NEW YORK/LONDON (Reuters) – Seven years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the U.S. entrepreneur and software developer wrote: “Do not open until $100,000.” FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit. FILE PHOTO: The logo of Samsung Electronics is seen at its office building…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit. FILE PHOTO: The logo of Samsung Electronics is seen at its office building…
[ad_1] WELLINGTON (Reuters) – A landmark 11-member deal that will slash tariffs across much of the Asia-Pacific will come into force at the end of December, New Zealand said on Wednesday, a rare bright spot for global commerce as the U.S.-China trade war intensifies. FILE PHOTO: New Zealand’s Minister for Trade and Export Growth David…
[ad_1] TOKYO (Reuters) – Asian stocks pulled away from 20-month lows on Wednesday, thanks to a rebound on Wall Street, although investors remained cautious after an October month that saw sharp downturns across global equity markets. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018.…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Yields on U.S. Treasury bonds were steady in light trading on Tuesday as investors held off on making big moves ahead of this week’s spate of economic data. Yields…
[ad_1] TOKYO (Reuters) – Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained cautious after a torrid October month that saw trillions of dollars wiped out of global equity markets. FILE PHOTO: Visitors look at a stock quotation board at…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centers and higher production yields. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea,…
[ad_1] (Reuters) – Facebook Inc (FB.O) on Tuesday relieved investors by forecasting that margins would stop shrinking after 2019 as costs from scandals ease up, sending shares up despite a second-straight quarter with record-low user growth. Chief Executive Mark Zuckerberg repeated the company’s warning that growing user interest in private messaging, video and safer content…
[ad_1] (Reuters) – Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a report by Willis Towers Watson (WLTW.O) and Mergermarket showed. FILE PHOTO: Logo of Bain Capital is screened at…
[ad_1] (Reuters) – General Electric Co slashed its dividend on Tuesday, said it faces a deepening federal accounting probe and vowed to restructure its power unit, as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate. GE said the U.S. Securities and Exchange Commission and Department of Justice had expanded…
[ad_1] NEW YORK (Reuters) – Barnes & Noble Inc (BKS.N) on Tuesday filed a countersuit seeking damages from the former chief executive officer it fired in part because of claims he sexually harassed a female employee. FILE PHOTO: A woman looks in from a window panel of a Barnes & Noble store in New York…
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) on Tuesday exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals. FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, California, U.S.,…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) refreshed some of its lesser-known products at a New York event on Tuesday, adding iPhone features like facial recognition to the iPad Pro and faster processors and better displays to some Mac computers that had gone years without a major update. The devices will hit stores…
[ad_1] Let’s start with a basic premise that the vast majority of the world’s workloads remain in private data centers. Cloud infrastructure vendors are working hard to shift those workloads, but technology always moves a lot slower than we think. That is the lens through which many cloud companies operate. The idea that you operate…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) on Tuesday beat profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years in a quarter some investors feared would be hit harder by defections from the social media site. A woman looks at the Facebook logo on…
[ad_1] Two of Canada’s largest life insurance companies welcomed a Saskatchewan government decision that clarifies the rules for a type of insurance policy that’s been the focus of civil suits against them. Manulife Financial Corp. and IA Financial Group say they expect substantial aspects of the litigation against them will be resolved as a result…
[ad_1] A woman looks at the Facebook logo on an iPad in this photo illustration taken June 3, 2018. REUTERS/Regis Duvignau/Illustration/File Photo (Reuters) – Facebook Inc (FB.O) on Tuesday missed estimates for quarterly user growth and revenue but topped profit expectations as the social network tries to recover from privacy and content scandals. Shares of…
[ad_1] NEW YORK (Reuters) – Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fuel will fall victim to the U.S.-China trade war. FILE PHOTO – An employee holds a gas pump to refill a car at a petrol station in…
[ad_1] MILAN/DETROIT (Reuters) – Fiat Chrysler (FCA) reported better-than-expected third-quarter earnings and promised to pay 2 billion euros ($2.3 billion) in special dividends, but a lower net cash forecast and its over-reliance on the North American market weighed on its shares. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters…
[ad_1] NEW YORK (Reuters) – Broad gains in the U.S. equity market turned global stocks higher on Tuesday after President Donald Trump said a “great deal” could be struck with China that would relieve fears of a growing trade war between the world’s two largest economies. Traders work on the floor of the New York…
[ad_1] (Reuters) – Mastercard’s (MA.N) shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company’s third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes. A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/Illustration…
[ad_1] LONDON (Reuters) – Uber defended its business model at the Court of Appeal on Tuesday in the latest stage of a long-running battle over the classification of its drivers as self-employed, a designation that entitles them to few workplace rights in Britain. The Silicon Valley-based company, which could be valued at $120 billion in…
[ad_1] (Reuters) – Chesapeake Energy Corp (CHK.N) on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp (WRD.N) in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer’s shares by more than 12 percent. FILE PHOTO – Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma,…
[ad_1] Cockroach Lab’s open source SQL database, CockroachDB, has been making inroads since it launched last year, but as any open source technology matures, in order to move deeper into markets it has to move beyond technical early adopters to a more generalized audience. To help achieve that, the company announced a new CockroachDB managed…
[ad_1] The mayor of Estevan, Sask., says local residents have been turned away at the nearby U.S. border after admitting to past pot use. “It is a fairly serious concern,” said Roy Ludwig, mayor of the 11,258-person city located just 16 kilometres north of a North Dakota border crossing. “Even people that might have smoked…
[ad_1] Fiat Chrysler Automobiles said Tuesday its third-quarter profits dropped nearly 40 per cent due to a one-off charge to cover possible payments in a U.S. diesel probe involving SUVs and light-duty pickups. The Italian-American car company reported a net profit of €564 million ($842 million Cdn), compared with €910 million ($1.4 billion Cdn) in the…
[ad_1] (Reuters) – Apple Inc (AAPL.O) on Tuesday unveiled new Mac computers, including updates to its entry-level Mac Book Air laptop and Mac Mini desktop. Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, U.S., October 30, 2018. REUTERS/Shannon Stapleton Apple said a new version of the…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the U.S.-China trade dispute and some upbeat earnings reports. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 29, 2018.…
[ad_1] WestJet Airlines Ltd. reported a third-quarter profit of $45.9 million, down from a profit of $135.9 million in the same quarter last year amid rising fuel prices. The airline says the profit amounted to 40 cents per diluted share for the quarter ended Sept. 30, compared with $1.15 per diluted share a year ago.…
[ad_1] Demand for bitcoin could single-handedly derail efforts to limit global warming because the increasingly popular digital currency takes huge amounts of energy to produce, scientists said on Monday. Producing bitcoin at a pace with growing demand could by 2033 defeat the aim of limiting global warming to 2 C, according to U.S. research published…
[ad_1] (Reuters) – Coca-Cola Co’s quarterly revenue and profit beat analysts’ estimates on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and premium waters. A Coca-Cola truck makes its way through downtown Los Angeles, California, U.S., October 24, 2018. REUTERS/Mike Blake The world’s biggest beverage…
[ad_1] (Reuters) – General Electric Co (GE.N) slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index…
[ad_1] FILE PHOTO: A display for Under Armour merchandise is seen inside an athletic store in New York, U.S., August 1, 2017. REUTERS/Shannon Stapleton/File Photo (Reuters) – Under Armour Inc (UA.N) (UAA.N) raised its full-year profit forecast on Tuesday after reporting third-quarter results that topped Wall Street estimates, as the sportswear maker benefited from higher…
[ad_1] FILE PHOTO: A logo of American pharmaceutical corporation Pfizer Inc., is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo (Reuters) – U.S. drugmaker Pfizer Inc’s (PFE.N) third-quarter profit rose nearly 45 percent, driven by lower tax rates and higher sales of breast cancer drug Ibrance and pneumonia vaccine Prevnar. The company said…
[ad_1] LONDON (Reuters) – U.S. supermarket chain Kroger Co is expected to order the first three of 20 high-tech warehouses from online grocer Ocado by the end of the year under the terms of a breakthrough deal agreed in May. FILE PHOTO: A worker cleans returned shopping baskets at the Ocado CFC (Customer Fulfilment Centre)…
[ad_1] LONDON (Reuters) – The boss of carmaker Bentley said failure to reach a Brexit deal would be “quite damaging” to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its plant closing for an additional few days. A worker constructs a Bentley Continental GT on the…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia will file a legal challenge to a settlement agreement between scandal-plagued state fund 1MDB and Abu Dhabi sovereign fund IPIC negotiated during the premiership of former leader Najib Razak, its attorney general said on Tuesday. Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun…
[ad_1] The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren DUBAI (Reuters) – Citigroup has been granted a license to set up a branch of Citibank at Abu Dhabi Global Market (ADGAM), a financial center in…
[ad_1] As markets have tumbled, U.S. President Donald Trump has been leading a charge against Federal Reserve chair Jerome Powell’s interest rate increases, and he’s not alone. Investors watching markets slide have added their voices, worried that three rate hikes this year, one projected in December and another three next year will bring more carnage. Bank of Canada governor Stephen…
[ad_1] U.S. President Donald Trump speaks during a campaign rally at Southern Illinois Airport in Murphysboro, Illinois, U.S., October 27, 2018. REUTERS/Al Drago SHANGHAI (Reuters) – U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs…
[ad_1] NEW YORK (Reuters) – One undeniable fact has underpinned the latest leg of the long-running U.S. bull market: Paying up for growth stocks at any price paid off, hugely. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 24, 2018. REUTERS/Brendan McDermid Paying a premium for…
[ad_1] NEW YORK (Reuters) – Walmart Inc said on Tuesday it will offer faster checkout at its stores and easier navigation with digital maps indicating exact locations of products, as it gears up to grab a larger share of shoppers’ gift budgets this holiday season. FILE PHOTO: A credit card terminal is shown at a…
[ad_1] TOKYO (Reuters) – Asia shares recouped early losses and crept higher on Tuesday as China made a fresh attempt to stabilize its stock markets, but the gains looked fragile amid fears of a sharp escalation in the U.S.-China trade war. FILE PHOTO – A pedestrian stands to look at an electronic board showing the…
[ad_1] WASHINGTON (Reuters) – Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.” FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed Bin Salman is seen during his visit to Lockheed Martin company in San Francisco, U.S., April 6, 2018.…
[ad_1] SINGAPORE (Reuters) – Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. FILE PHOTO – An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6,…
[ad_1] BANGKOK (Reuters) – The death of Leicester City soccer club owner Vichai Srivaddhanaprabha adds to challenges his King Power International empire faces as its dominance of the lucrative Thai duty-free industry comes under scrutiny. A man lays flowers in front of King Power’s head office, after the company’s owner Vichai Srivaddhanaprabha and four other…
[ad_1] SINGAPORE (Reuters) – Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. FILE PHOTO – An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6,…
[ad_1] TOKYO (Reuters) – Asian shares came under pressure on Tuesday with Chinese markets and the yuan falling, hurt by fresh worries about the intensifying Sino-U.S. trade war and tracking losses in Wall Street indexes. FILE PHOTO – A pedestrian stands to look at an electronic board showing the stock market indices of various countries…
[ad_1] LONDON (Reuters) – Uber heads to a British court on Tuesday to defend its business model of treating drivers as self-employed, entitling them to few rights in law, in the latest stage of a long-running battle at the taxi app. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September…
[ad_1] TOKYO (Reuters) – Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the U.S.-China trade war and were on track for their biggest October decline since the 2008 financial crisis. FILE PHOTO – A pedestrian stands to look at an electronic board showing the stock…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. FILE PHOTO – An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011.…
[ad_1] SAN FRANCISCO (Reuters) – Facebook (FB.O), Amazon.com (AMZN.O), Netflix (NFLX.O) and Google-parent Alphabet (GOOGL.O) were at the center of a volatile session on the U.S. stock market on Monday, cleaving $200 billion off of the so-called FANG group’s combined market capitalization in two sessions. FILE PHOTO: Facebook, Amazon, Netflix and Google logos are seen…
[ad_1] NEW DELHI (Reuters) – In the highly price-sensitive Indian aviation market, Vistara, a full-service carrier backed by local conglomerate Tata Sons and Singapore Airlines Ltd (SIAL.SI), is betting it can convince passengers to buy higher fares in return for superior service. FILE PHOTO A Vistara Airbus A320-200 passenger aircraft prepares to land at Chhatrapati…
[ad_1] FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake/File Photo SAN FRANCISCO (Reuters) – Intel Corp has increased the ratio of women and African-Americans in its workforce after three years of a high-profile effort to improve diversity,…
[ad_1] (Reuters) – U.S. stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about U.S.-China trade policy tensions and a sharp drop in the big technology and internet shares. Following a morning rally, major U.S. indexes pulled…
[ad_1] FILE PHOTO: A woman walks past a Folli Follie store in central Athens, Greece, October 10 2018.REUTERS/Costas Baltas/File Photo ATHENS (Reuters) – Greek jewelry maker Folli Follie appointed Nicolaos Kanellopoulos as its chairman on Monday to replace one of its founders who stepped down last month amid an investigation into the company’s finances. Hedge…
[ad_1] FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/File Photo (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk took to Twitter on Monday, saying he deleted his Tesla titles last week to see what would happen,…
[ad_1] (Reuters) – U.S. stocks fell on Monday in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of U.S.-China trade tensions and a sharp drop in big tech and Internet names. Traders work on the floor of the New…
[ad_1] After rumors flew around this weekend, IBM today confirmed that it would acquire open source, cloud software business Red Hat for $190 per share in cash, working out to a total value of $34 billion. IBM said the deal has already been approved by the boards of directors of both IBM and Red Hat but…
[ad_1] NEW YORK (Reuters) – Early gains on Wall Street fizzled and sent global stocks lower on Monday after reports that the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between two of the…
[ad_1] With its latest $34 billion acquisition of Red Hat, IBM may have found something more elementary than “Watson” to save its flagging business. Though the acquisition of Red Hat is by no means a guaranteed victory for the Armonk, N.Y.-based computing company that has had more downs than ups over the five years, it…
[ad_1] American Apparel will return to the Canadian market with an online store on Nov. 1., a year after its bankruptcy and closure. This time the brand will be Canadian-owned and, for now, won’t have any physical stores in the country, said American Apparel’s brand marketing director Sabina Weber, who indicated the company was taking…
[ad_1] As you look at the $34 billion IBM-Red Hat deal announced yesterday, if you follow the enterprise closely, it seems like a good move, at least on its face. It could be years before we understand the true value of it for IBM (or lack thereof, depending on how it ultimately goes). The questions…
[ad_1] A wide-ranging trade agreement between 11 Pacific Rim countries is on track to take effect before the end of 2018, following formal notice of Canada’s ratification last Saturday and indications from Australia that it will do the same this week. The Comprehensive and Progressive Trans-Pacific Partnership — a revised version of the 12-country Trans-Pacific Partnership (TPP) deal struck following the…
[ad_1] SUNNYVALE, California (Reuters) – Alphabet Inc’s (GOOGL.O) Google announced on Monday that it would grant about $20 million globally next year to humanitarian and environmental projects seeking to use artificial intelligence (AI) to speed up and grow their efforts. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in…
[ad_1] (Reuters) – The S&P 500 and the Dow industrials rebounded on Monday, helped by gains in lagging financial shares, but declines for big tech and Internet stocks kept the Nasdaq in check as investors grappled with a recent spike in market volatility. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] U.S. cannabis retailer Curaleaf Holdings Inc opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry. Curaleaf opened at $8.70 Cdn on the Canadian Securities Exchange (CSE), lower than the offer price of $11.45 Cdn. It recovered a mid-morning but remained…
[ad_1] FILE PHOTO: Highway traffic travels into Los Angeles, California, U.S., March 29, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) said it favors an annual increase in fuel-efficiency standards based on “historic rates” rather than tough Obama era rules or a Trump administration proposal that would freeze requirements. In a federal…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending rose for a seventh straight month in September, but income recorded its smallest gain in more than a year on moderate wage growth, suggesting the current pace of spending was unlikely to be sustained. FILE PHOTO – A family shops at the Wal-Mart Supercenter in Springdale, Arkansas June…
[ad_1] FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) said that Obama era rules aiming to hike fleetwide fuel efficiency to more than 50 miles per gallon by 2025 are “not…
[ad_1] TORONTO (Reuters) – U.S. cannabis retailer Curaleaf Holdings Inc CURA.CD opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry. FILE PHOTO: A woman smokes a joint on the day Canada legalized recreational marijuana in Toronto, Canada, October 17, 2018. REUTERS/Carlos…
[ad_1] LONDON (Reuters) – Oil prices dropped on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Brent crude oil futures LCOc1 had fallen 58…
[ad_1] WASHINGTON/SINGAPORE (Reuters) – Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. FILE PHOTO: A U.S. Navy soldier onboard Mark VI Patrol Boat…
[ad_1] After announcing earlier this year that it planned to shut down HipChat and Stride and sell the IP of both to Slack, today enterprise software company Atlassian made another move related to its retreat from enterprise chat. It is selling Jitsi, a popular open-source chat and videoconferencing tool, to 8X8, a provider of cloud-based…
[ad_1] MILAN (Reuters) – Hitachi (6501.T) has wrapped up a bitter feud with U.S. activist investor Elliott over Ansaldo STS (STS.MI), agreeing to buy the fund’s stake in the Italian rail signaling group as part of a move to take full control. A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined…
[ad_1] Who expects a $34 billion deal involving two enterprise powerhouses to drop on a Sunday afternoon, but IBM and Red Hat surprised us yesterday when they pulled the trigger on a historically large deal. IBM has been a poster child for a company moving through a painful transformation. As Box CEO (and IBM business partner)…
[ad_1] (Reuters) – IBM Corp’s (IBM.N) $34 billion deal to buy Red Hat Inc (RHT.N) drove shares in the small but fast-growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. The IBM company logo is pictured during the Viva Tech start-up and…
[ad_1] LONDON (Reuters) – European shares climbed and U.S. stock futures erased losses on Monday thanks to encouraging earnings reports, while the euro fell briefly after sources said German Chancellor Angela Merkel would not seek re-election as head of her CDU party. People walk through the lobby of the London Stock Exchange in London, Britain…
[ad_1] Today at the Firebase Summit in Prague, Google announced a number of updates to its Firebase app development platform designed to help it shift from an environment for individuals or small teams into a full-blown enterprise development tool. Google acquired Firebase 4 years ago to help developers connect to key cloud tools like a…
[ad_1] LONDON (Reuters) – Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Brent crude oil futures LCOc1 were down 34…
[ad_1] A man walks near a logo of Tesla outside its China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee (Reuters) – Baillie Gifford & Co, one of the top shareholders of Tesla Inc (TSLA.O), has said it would be willing to inject more cash into the electric carmaker, the…
[ad_1] LONDON (Reuters) – Concern over China’s slowing economy dented U.S. stock futures and kept world stocks under pressure on Monday although European shares climbed thanks to encouraging earnings reports and relief that Italy dodged a ratings downgrade. People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne…
[ad_1] HONG KONG (Reuters) – A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the U.S. market on Monday with the backing of two key local allies: chipmaking giant Qualcomm (QCOM.O) and mobile operator T-Mobile. FILE PHOTO: OnePlus mobile phones are seen on display during a…
[ad_1] Jair Bolsonaro, a far-right, seven-term congressman, won Brazil’s presidential election Sunday, giving him a convincing mandate to radically alter politics in Latin America’s most populous country. Critics at home and abroad have lambasted the former paratrooper for his homophobic, racist and misogynist statements and his support for Brazil’s military dictatorship that ruled from 1964…
[ad_1] An obscure regulation targeting the international marine shipping industry could have a widespread impact on the economy, including the price of airline tickets and diesel at the pump. The change affects large ships, which use a low grade of fuel that’s considered the bottom of the barrel because of its air pollution. The International…
[ad_1] SINGAPORE (Reuters) – Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October…
[ad_1] SINGAPORE (Reuters) – Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October…
[ad_1] SYDNEY (Reuters) – Worries about China’s slowing economy spread across Asian markets on Monday with U.S. stock futures turning down and Chinese shares in the red as concerns about U.S. corporate earnings and global growth continued to hit sentiment. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October…
[ad_1] AUBURN HILLS, Mich. (Reuters) – Fiat Chrysler Automobiles NV’s new CEO is tired of being No. 3 in U.S. pickup truck sales. Fiat Chrysler Automobiles assembly workers build 2019 Ram pickup trucks at the FCA Sterling Heights Assembly Plant in Sterling Heights, Michigan, U.S., October 22, 2018. REUTERS/Rebecca Cook With a strategy of loading…
[ad_1] WASHINGTON/SINGAPORE (Reuters) – Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. FILE PHOTO: A U.S. Navy soldier onboard Mark VI Patrol Boat…
[ad_1] SINGAPORE (Reuters) – Oil prices dipped on Monday as sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Front-month Brent crude oil futures…
[ad_1] SYDNEY (Reuters) – Asian shares barely managed to hold firm on Monday after a tumultuous week for global equities, with U.S. stock futures turning down and Chinese markets deep in the red on fresh signs of cooling in the world’s second-biggest economy. Visitors look at a stock quotation board at Tokyo Stock Exchange in…
[ad_1] SINGAPORE (Reuters) – Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China…
[ad_1] SYDNEY (Reuters) – Asian shares bounced from last week’s steep declines on Monday, though sentiment remained fragile amid heightened worries about corporate earnings and a slowdown in global economic growth. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato Wider sentiment in markets has…
[ad_1] SINGAPORE, Oct 29 (Reuters) – Oil prices held steady on Monday, supported by an early bounce in Asian stocks, but analysts said sentiment remains cautious after a plunge across financial markets last week triggered worries that global growth may be slowing. Oil and gas tanks are seen at an oil warehouse at a port…
[ad_1] SYDNEY (Reuters) – Asian shares look set for a modest bounce on Monday, though sentiment remains fragile as bears are on the ascendancy after steep declines across world financial markets last week on heightened worries over corporate earnings and global growth. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 24, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. equity index futures opened little changed at the start of weekly trading on Sunday, leaving it unclear whether Wall Street would rebound from last week’s steep sell-off or…
[ad_1] (Reuters) – IBM Corp (IBM.N) said on Sunday it had agreed to acquire U.S. software company Red Hat Inc (RHT.N) for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. FILE PHOTO: A logo of IBM is seen at the Mobile World Congress…
[ad_1] FILE PHOTO: A logo of IBM is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman/File Photo (Reuters) – IBM Corp (IBM.N) is nearing an agreement to acquire software company Red Hat Inc (RHT.N) in a deal that could exceed $30 billion and help diversify its business away from…
[ad_1] FILE PHOTO: A logo of IBM is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman/File Photo GLOBAL BUSINESS WEEK AHEAD (Reuters) – IBM Corp (IBM.N) is nearing deal to acquire software company Red Hat Inc (RHT.N) in a deal that could exceed $30 billion and allow it to…
[ad_1] PARIS (Reuters) – France will ask carmakers on Monday to help fund an expanded trade-in program to get older, polluting cars off the road with incentives for new ones, the French finance minister told daily Le Parisien on Sunday. FILE PHOTO: Traffic jam is seen as the banks of the Seine river are closed…
[ad_1] A hodge-podge of public transportation services are already starting to fill the gap as Greyhound Canada moves steadily towards its midnight Halloween disappearance from most of Western Canada. The venerable national motor coach operator is being replaced by a mix of provincial government-subsidized services, Indigenous-owned bus lines, locally owned startups, flexible fleets of shuttle…
[ad_1] FILE PHOTO: A Ryanair airplane taxis past two parked aircraft at Weeze Airport, near the German-Dutch border, during a strike of Ryanair airline crews in Weeze, Germany, September 12, 2018. REUTERS/Wolfgang Rattay/File Photo DUBLIN (Reuters) – Britain’s Local Authority Pension Fund Forum, which represents funds that owned a combined 1 percent of Ryanair, on…
[ad_1] ZURICH (Reuters) – Swiss bank UBS (UBSG.S) may ask U.S. regulators to expand its license to sell more complex products and sophisticated investment advice to wealthy Americans living in Switzerland as it seeks to woo U.S. taxpayers abroad for growth. In an interview published on Sunday, Chief Executive Sergio Ermotti told Swiss newspaper SonntagsZeitung…
[ad_1] Seventy-five-year-old Helena Petkau waits patiently for the Greyhound to roll into Nelson B.C.’s bus depot at the back of a shopping mall. Petkau is from Richmond and takes the Greyhound to see her daughter in Kelowna and grandson in Nelson every couple of months. She’s not sure what she’ll do when the bus service ends.…
[ad_1] Cyndi Whaley and her family left Toronto two and a half months ago for Victoria. Toronto has more job prospects in her field of environmental science. But the Victoria position that drew the family west came with something else — a ticket out of a red-hot housing market. Although Victoria real estate is not cheap, the family’s prospects for buying a…
[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. Telecom practices vs. CRTC The CRTC has been hearing about issues consumers have with Canada’s telecom companies all week. It started with testimony from people who signed a contract for one…
[ad_1] FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/File Photo (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and…