[ad_1] ABIDJAN (Reuters) – On a muddy side-street in Abidjan, Alex Ogou directs his cast of young locals in a TV drama about gangsters in Ivory Coast that French media giant Vivendi hopes will help revive its fortunes. “Invisibles” is the first original series produced in Africa by Vivendi’s (VIV.PA) pay-TV company Canal+ and is…
[ad_1] NEW YORK (Reuters) – Twitter Inc (TWTR.N) shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street’s revenue and profit estimates by selling more ads even though it lost users after purging millions of fake accounts. People…
[ad_1] RIYADH (Reuters) – Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi. Saudi Crown Prince Mohammed bin Salman delivers a speech during…
[ad_1] (Reuters) – American Airlines (AAL.O) shares rose 4 percent on Thursday after the company said its profit margin for the current quarter would be higher than most on Wall Street expected, helped by a dip in fuel costs from their recent spike. An American Airlines Boeing 737-800 plane takes off from Los Angeles International…
[ad_1] BRUSSELS (Reuters) – Belgium said on Thursday it had chosen Lockheed Martin’s (LMT.N) F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s in a 4 billion euro ($4.55 billion) deal, saying the decision came down to price. FILE PHOTO: A Lockheed Martin F-35 aircraft at the ILA Air Show in Berlin,…
[ad_1] LONDON (Reuters) – Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011. FILE PHOTO – An oil pump jack of Canadian group Vermilion Energy is pictured in Parentis-en-Born, France, October 13, 2017. REUTERS/Regis Duvignau…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) blockbuster quarterly results and ability to generate free cash-flow wowed Wall Street on Thursday, with several analysts saying the electric carmaker may not need to raise capital soon to boost Model 3 production. A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Solana…
[ad_1] ZURICH (Reuters) – UBS (UBSG.S) said it is targeting ultra-rich Americans for growth, as it reported a strong investment banking performance which offset sluggishness in its wealth management business. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland, March 29, 2017. REUTERS/Arnd Wiegmann/File Photo Switzerland’s biggest…
[ad_1] LONDON (Reuters) – Europe attempted a rebound on Thursday, after Wall Street’s worst day since 2011 and heavy losses in Asia put global stocks on course for their worst month since the financial crisis. It wasn’t a sunny picture by any means. Germany’s DAX .GDAX hit a near two-year low and London’s FTSE .FTSE…
[ad_1] (Reuters) – ConocoPhillips (COP.N) quarterly profit topped analysts’ estimates on Thursday, benefiting from a recovery in oil prices that also helped it raise 2018 capital expenditure forecast. Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai The…
[ad_1] (Reuters) – Tomahawk missile maker Raytheon Co (RTN.N) beat analysts’ estimates for third-quarter profit on Thursday, driven by higher sales at two of its biggest businesses and lower taxes, helping the company raise its 2018 profit and sales forecasts. Logo of the U.S. defense company Raytheon is pictured at an international military fair in…
[ad_1] DUBAI (Reuters) – Energy Minister Khalid Al-Falih said on Thursday that companies that pulled out of the Future Investment Initiative conference in Riyadh had apologized for missing the event. “All the companies which did not come have been calling us during the past 48 hours, apologizing, expressing their regret, and promising to apply to…
[ad_1] BEIJING (Reuters) – China finds it “hard to understand” why the United States is not sending senior government officials to a major import expo in Shanghai next month, the foreign ministry said on Thursday. FILE PHOTO: A U.S. flag is tweaked ahead of a news conference between U.S. Secretary of State John Kerry and…
[ad_1] A sharp drop in the price of Western Canadian oil has many in the industry looking for solutions. New export pipelines and more space on the railways would help alleviate the backlog of oil in Alberta, but some researchers are focusing on a long term fix to achieve better prices, as well as create jobs and…
[ad_1] This story is part of a series we’re calling Debt Nation, looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on car loans, mortgages and credit card debt. Canadians are positively swimming in debt. More than $2 trillion, in fact, according to the latest numbers…
[ad_1] This column is part of a series we’re calling Debt Nation looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on mortgages and credit card debt. The Bank of Canada has sounded a warning that borrowing costs could start rising even faster. And that was after…
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings. FILE PHOTO: The Daimler is seen during a press conference on the second press day…
[ad_1] Shares of Cathay Pacific Airways Ltd slid nearly seven per cent to a nine-year low on Thursday after it said data of about 9.4 million passengers of Cathay and its unit, Hong Kong Dragon Airlines Ltd, had been accessed without authorization. Cathay said late on Wednesday that in addition to 860,000 passport numbers and about…
[ad_1] (Reuters) – Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday. FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May…
[ad_1] SEOUL (Reuters) – Hyundai Motor (005380.KS) posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle at a plant of Hyundai Motor in Asan, south of Seoul, February 9, 2012. REUTERS/Lee…
[ad_1] SEOUL (Reuters) – Hyundai Motor (005380.KS) posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin, as U.S. recall costs weighed. Third-quarter net profit came in at 269 billion won ($236.14 million), compared with 852 billion won booked in the same period a year earlier. FILE PHOTO:…
[ad_1] DEARBORN, Mich. (Reuters) – Ford Motor Co (F.N) on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours. The logo of the Ford Motor Company is seen outside…
[ad_1] HONG KONG (Reuters) – Shares of Cathay Pacific Airways Ltd (0293.HK) slid nearly 7 percent to a nine-year low on Thursday after it said data of about 9.4 million passengers of Cathay and its unit, Hong Kong Dragon Airlines Ltd, had been accessed without authorization. A Cathay Pacific Airways Airbus A350-900 airplane approaches to…
[ad_1] (Reuters) – Broadcom Inc is facing antitrust scrutiny from the European Union over the possible use of its market dominance to pressure customers to buy its semiconductors, Bloomberg reported on Wednesday. A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake The…
[ad_1] HONG KONG (Reuters) – Hong Kong’s privacy commission on Thursday expressed serious concern over a data breach at Cathay Pacific Airways (0293.HK) and urged the airline to notify passengers affected by the leak as soon as possible and explain the details. A passenger walks to the First Class counter of Cathay Pacific Airways at…
[ad_1] HONG KONG (Reuters) – Shares of Cathay Pacific Airways Ltd (0293.HK) dropped more than 6 percent on Thursday to a nine-year low after it said data of about 9.4 million passengers of Cathay and its unit, Hong Kong Dragon Airlines Ltd, had been accessed without authorization. A Cathay Pacific Airways Airbus A350-900 airplane approaches…
[ad_1] SYDNEY (Reuters) – Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. A screen displays a chart of the Dow Jones Industrial Average on…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) bleak third quarter results and revenue forecast overshadowed its assertion on Wednesday that it is on track to return to profit this year, knocking its shares. After three years of losses, a failed stress test, several attempts to restructure, a leadership shake-up and a ratings downgrade, many investors…
[ad_1] SYDNEY (Reuters) – Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. A screen displays a chart of the Dow Jones Industrial Average on…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off. FILE PHOTO: A Tesla sales…
[ad_1] SYDNEY (Reuters) – Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. A screen displays a chart of the Dow Jones Industrial Average on the floor of the New York…
[ad_1] NEW YORK/LONDON (Reuters) – Top Bank of America Corp executives, including Chief Executive Officer Brian Moynihan, made a surprise appearance at a gathering of the bank’s senior dealmakers on Tuesday in an effort to boost morale, two people familiar with the matter told Reuters. FILE PHOTO: The sign on a Bank of America ATM…
[ad_1] WASHINGTON (Reuters) – Verizon Communications Inc (VZ.N) said on Wednesday it will spend $25 million to update its network in Florida’s Panhandle, an area hard-hit by service outages after Hurricane Michael. FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid/File…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018.…
[ad_1] (Reuters) – Wells Fargo & Co’s chief administrative officer and chief auditor have begun on leaves of absence, the bank said on Wednesday, in connection with regulatory reviews into a sales scandal that first surfaced in 2016. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith The…
[ad_1] (Reuters) – Advanced Micro Devices Inc (AMD.O) on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker wrestled with waning demand from cryptocurrency miners for its high-margin graphic processors, sending its shares down 21 percent. FILE PHOTO: Visitors look at motherboards being displayed at the AMD booth during the 2012 Computex exhibition at the…
[ad_1] Last year, Amazon announced a new initiative, Alexa for Business, designed to introduce its voice assistant technology and Echo devices into a corporate setting. Today, it’s giving the platform a big upgrade by opening it up to device makers who are building their own solutions that have Alexa built-in. The change came about based…
[ad_1] (Reuters) – U.S. home appliances group Whirlpool Corp’s (WHR.N) third-quarter profit fell about 24 percent on Wednesday, as U.S. trade tariffs on steel and aluminum added to its raw materials costs. A car parks by the Whirlpool logo is seen at their plant in Apodaca, Monterrey, Mexico January 27, 2017. REUTERS/Daniel Becerril Net earnings…
[ad_1] Employment Insurance fraud has hit a five-year high — a sign for federal officials that efforts to root out wrongful payments are working. Public accounts documents released this month list more than 104,000 incidents of fraudulent EI claims totalling almost $177 million in the 2017-18 fiscal year. It marks the fourth year that fraud…
[ad_1] HOUSTON (Reuters) – New York’s attorney general sued Exxon Mobil Corp on Tuesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock…
[ad_1] Larry Ellison gave his Oracle Openworld keynote on Monday and of course he took several shots at AWS. In his view, his company’s cloud products were cheaper, better and faster than AWS, but then what would you expect him to say? He rolled out a slide with all the facts and figures in case…
[ad_1] VMedia, the upstart internet and cable provider known for lower prices and a legal spat with rival Bell, is moving to become a public company, announcing a proposed reverse takeover of a resource company listed on the TSX Venture exchange. The move signals a growth strategy by VMedia, and a way to raise money…
[ad_1] MEXICO CITY (Reuters) – Mexico this year rejected an offer by Brazilian construction firm Odebrecht SA [ODBES.UL] to pay $18 million and supply information related to graft cases, according to a document and a person with knowledge of the matter, the conglomerate’s latest attempt to move past a major regional corruption scandal. The corporate…
[ad_1] SAN FRANCISCO (Reuters) – Chief Executive Elon Musk may post a long-promised profit when Tesla Inc reports third-quarter results later on Wednesday, as production of the Model 3 electric sedan takes off, but investors will want to know if such results are sustainable. FILE PHOTO: A Tesla sales and service center is shown in…
[ad_1] The federal government named a special mediator Wednesday in hopes of ending rotating walkouts at Canada Post that forced closure of the Crown corporation’s biggest sorting plants for a second day. Labour Minister Patty Hajdu announced the appointment of Morton Mitchnick just hours after the Canadian Union of Postal Workers said it would keep…
[ad_1] The parent company of Tim Hortons saw sales growth at Canadian locations of the coffee-and-doughnut chain as executives say their work to mend fraught franchisee relations is paying off, though more work remains. Restaurant Brands International Inc. is pleased with the Canadian results, said CEO Daniel Schwartz in an interview with The Canadian Press.…
[ad_1] Canada’s main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada. The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading. In New York, the Dow Jones industrial…
[ad_1] Tesla is showing some promising signs that it will make money as advertised in the third quarter, but Wall Street isn’t buying it. The electric car and solar panel maker delivered more than 80,000 vehicles from July through September, and CEO Elon Musk told employees late in the quarter that it was close to…
[ad_1] EDITOR’S NOTE: As part of our ongoing Road Ahead series, we are looking at companies that are experimenting with new energy technologies. Anyone who has a microwave oven at home knows that those invisible electromagnetic waves are darn good for heating things up. Turns out, the same is true of radio waves. And that’s…
[ad_1] The Bank of Canada has raised its benchmark interest rate by a quarter point for the fifth time since last summer, pushing up the cost of borrowing for Canadians. The bank’s rate is now set at 1.75 per cent Known as the target for the overnight rate, the benchmark is what Canada’s big banks charge…
[ad_1] BEIJING (Reuters) – Tesla Inc’s (TSLA.O) Shanghai Gigafactory is planning to produce two models in its first phase project, a Shanghai government filing showed on Wednesday. FILE PHOTO – People view a Tesla car during the Auto China 2016 in Beijing, China, April 25, 2016. REUTERS/Jason Lee/File Photo The new factory, based in eastern…
[ad_1] (Reuters) – Semiconductor stocks slumped on Wednesday after Texas Instruments Inc (TXN.O) and Franco-Italian chipmaker STMicroelectronics (STM.PA) warned of slowing demand. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 23, 2018. REUTERS/Brendan McDermid While TI shares were down 6 percent in premarket trading, STMicro’s…
[ad_1] LONDON (Reuters) – World stocks flatlined on Wednesday, after five straight days of losses, oil prices traded near two-month lows and Wall Street was tipped for a lower open after fresh signs that global economic growth and company profits may be losing steam. FILE PHOTO: A woman walks past an electronic board showing the…
[ad_1] (Reuters) – Boeing (BA.N) topped analysts’ forecasts for quarterly profit on Wednesday and raised its forecasts for annual profit per share by more than half a dollar as it continued to benefit from a boom in global air travel and demand for airplanes. Signage for Boeing is seen on a trade pavilion at Farnborough…
[ad_1] SAN FRANCISCO (Reuters) – When Tesla Inc (TSLA.O) posts third-quarter results on Wednesday, Chief Executive Elon Musk may show off a long-promised quarterly profit, as production of his Model 3 electric sedan takes off. But the real question is whether any such gains will be sustainable. A 2018 Tesla Model 3 electric vehicle is…
[ad_1] BEIJING (Reuters) – Sinopec Group and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions, said two persons with direct knowledge of the matter. PetroChina’s petrol station is pictured in Beijing, China, March…
[ad_1] FRANKFURT (Reuters) – German carmaker Daimler (DAIGn.DE) on Wednesday said it will form a premium ride-hailing joint venture in China together with Geely Group, the first such step since Geely chairman Li Shufu took a 9.69 percent stake in the German carmaker. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder…
[ad_1] LONDON (Reuters) – World stocks marked a sixth straight day losses on Wednesday as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December…
[ad_1] BEIJING/SHANGHAI (Reuters) – Ford Motor Co (F.N) has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world’s biggest car market. FILE PHOTO: Chery Automobile Co Ltd CEO Chen Anning attends an interview…
[ad_1] When Prime Minister Justin Trudeau threw down the gauntlet with his national carbon plan in Ontario Premier Doug Ford’s riding yesterday, the word “tax” did not pass his lips. With talk of “incentives” and euphemisms such as “a regulatory charge on fuel” Trudeau began what is widely seen as a plan to make fighting climate change…
[ad_1] RIYADH (Reuters) – Saudi Arabia’s crown prince is expected to address an investment forum on Wednesday that has been overshadowed by the outcry over the killing of journalist Jamal Khashoggi, a day after Turkey urged Riyadh to search “top to bottom” for those responsible. FILE PHOTO: Saudi Crown Prince Mohammed bin Salman attends the…
[ad_1] LONDON (Reuters) – BlackRock, the world’s largest asset manager, will keep its biggest European operation and regional headquarters in Britain after Brexit, moving “only very few” roles to expanded offices in the Netherlands and France, a memo to staff seen by Reuters showed. FILE PHOTO: A sign for BlackRock Inc hangs above their building…
[ad_1] SHANGHAI (Reuters) – China is struggling to restore confidence in its stock markets, which are being weighed down by a massive amount of shares that have been pledged as collateral as credit-starved companies seek to raise funds. FILE PHOTO: An investor sits in front of displays showing stock information at a brokerage office in…
[ad_1] COPENHAGEN (Reuters) – Howard Wilkinson, the whistleblower who helped to reveal suspected money laundering at Danske Bank (DANSKE.CO), has accepted an invitation to testify before the European Parliament, his lawyer said. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo “Mr. Wilkinson has agreed to…
[ad_1] BEIJING/SHANGHAI (Reuters) – Ford Motor Co (F.N) has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world’s biggest car market. FILE PHOTO: Chery Automobile Co Ltd CEO Chen Anning attends an interview…
[ad_1] NEW YORK (Reuters) – Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker’s stock will rise. FILE PHOTO:Two Tesla Model 3 vehicles are shown charging in an underground parking lot next to…
[ad_1] SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said trade conflicts would undermine the global panel business, as it posted a 76 percent fall in third-quarter profit on Wednesday despite a seasonal price boost. FILE PHOTO: A woman looks at LG Electronics’ organic light-emitting diode (OLED) TV sets, which are made with…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day’s lows as investors snapped up beaten-down shares late in the session. Shares of Caterpillar tumbled 7.6 percent after the heavy-equipment maker maintained its 2018 earnings forecast,…
[ad_1] TOKYO (Reuters) – Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] NEW YORK/BATON ROUGE, La. (Reuters) – A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes. U.S. Federal Reserve Chairman Jerome Powell holds a…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] BEIJING/SHANGHAI (Reuters) – Ford Motor Co (F.N) has appointed a new head of China operations to help turn around flagging sales in the world’s largest auto market, filling a post that had been vacant since January after the firm’s previous China chief suddenly quit. FILE PHOTO: The new Ford Focus car is displayed during…
[ad_1] SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) posted a 76 percent fall in third-quarter profit on Wednesday compared with a year earlier, after two quarters of consecutive losses, helped by higher seasonal panel prices. FILE PHOTO: A woman looks at LG Electronics’ organic light-emitting diode (OLED) TV sets, which are made…
[ad_1] SHANGHAI (Reuters) – Ford Motor Co (F.N) said on Wednesday it had appointed a new head of its China operations to help turn around flagging sales in the world’s largest auto market and fill a post vacated when the firm’s previous China head abruptly stepped down in January. FILE PHOTO: The new Ford Focus…
[ad_1] SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said on Wednesday it swung to profit in the third quarter, helped by a weaker won. FILE PHOTO: A woman looks at LG Electronics’ organic light-emitting diode (OLED) TV sets, which are made with LG Display flat screens, at its store in Seoul, South…
[ad_1] (Reuters) – Railroad operator Union Pacific Corp (UNP.N) said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF)…
[ad_1] NEW YORK (Reuters) – Wall Street indexes fell in Tuesday’s volatile session though they had pared losses sharply by the closing bell as investors looked for bargains, but oil dropped sharply on demand worries. After falling as much as 2.3 percent in the morning, the S&P 500 gradually regained ground as the day wore…
[ad_1] NEW YORK (Reuters) – Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores. A women enters Target after it opened…
[ad_1] CHICAGO (Reuters) – Caterpillar Inc (CAT.N) tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signaled a cap in earnings growth and sparked a sell-off in its shares. FILE PHOTO: Caterpillar machines are seen at Lianyungang port in Jiangsu…
[ad_1] It’s been a shaky month for investors in North American markets. Tuesday saw benchmark stock indexes register more triple-digit declines — an occurrence that’s become all too familiar in recent weeks. All three major U.S. indexes — the Dow Jones, S&P 500 and Nasdaq — have fallen at least six per cent so far this month. Canada’s S&P/TSX composite isn’t far behind…
[ad_1] Yahoo has agreed to pay $50 million US in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. The restitution hinges on federal court approval of a settlement filed late Monday in…
[ad_1] NEW YORK (Reuters) – Wall Street indexes were down on Tuesday though they pulled back from the day’s lows after investors fled to safety on worries about a global slowdown in growth while oil tumbled and pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi. Benchmark U.S. Treasury prices rose, sending…
[ad_1] RIYADH (Reuters) – When the world’s business elite gathered last year for Saudi Arabia’s top investment forum, Crown Prince Mohammed bin Salman dazzled them with plans to build a $500 billion mega-city. Saudi Crown Prince Mohammed bin Salman and Jordan’s King Abdullah II ibn Al Hussein attend the investment conference in Riyadh, Saudi Arabia…
[ad_1] WASHINGTON (Reuters) – A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years. The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] BRUSSELS/SAN FRANCISCO (Reuters) – Apple (AAPL.O) Chief Executive Tim Cook is expected to praise new European privacy rules and to voice the company’s support for strong laws in Europe and the United States to protect the use of data, according to prepared remarks for delivery at a Brussels event. Apple CEO Tim Cook attends…
[ad_1] (Reuters) – Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast sales above Wall Street estimates for next year. A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at…
[ad_1] RIYADH (Reuters) – Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”. This year’s Future Investment Initiative was overshadowed by the death of the Saudi journalist,…
[ad_1] Oracle is a traditional tech company that has been struggling to gain traction in the cloud, but it could see blockchain as a way to differentiate itself. At Oracle OpenWorld today it announced the Oracle Blockchain Applications Cloud, a series of four applications designed for transactions-based processing scenarios using Internet of Things as a…
[ad_1] (Reuters) – United Technologies Corp (UTX.N) soothed investor nerves over Chinese approval for its purchase of aircraft parts maker Rockwell Collins (COL.N), as it announced a stronger-than-expected quarterly profit on Tuesday. FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock is traded on the floor of the…
[ad_1] Artificial intelligence touches just about every aspect of the tech world these days, aiming to provide new ways of making old processes work better. Now, a startup that has built an AI platform that tackles the ever-present, but never-perfect, business of customer service has quietly raised a large round of funding as it gears…
[ad_1] NEW YORK (Reuters) – Wall Street stocks tumbled more than 2 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October…
[ad_1] Robotics has had a role in manufacturing since the 1970s, but even today they are aren’t often driven by the latest software. Bright Machines, a San Francisco startup wants to change that and it got a whopping $179 million Series A today to get this thing going. While it was at it, it also…
[ad_1] CHICAGO (Reuters) – Caterpillar Inc (CAT.N) disappointed investors on Tuesday by not raising its 2018 earnings forecast yet again, raising fears that the heavy-duty equipment maker may be signaling a slowdown despite posting better-than-expected quarterly profits. FILE PHOTO: Caterpillar machines are seen at Lianyungang port in Jiangsu province, China, January 21, 2018. Picture taken…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) shares rose nearly 7 percent on Tuesday, after long-time critic and short-seller Citron Research reversed its opinion on the stock to “long” from “short”. FILE PHOTO:Two Tesla Model 3 vehicles are shown charging in an underground parking lot next to a Tesla store in San Diego, California, U.S., May…
[ad_1] (Reuters) – Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, reported a 17 percent rise in quarterly profit on Tuesday, driven by increased production of its F-35 fighter jets. A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July…
[ad_1] LONDON (Reuters) – Uber aims for London to be the first city where all of its taxis will be electric in 2025, with a clean air fee added to rides to help drivers go green, a part of efforts to cut pollution in the British capital, its chief executive said on Tuesday. FILE PHOTO:…
[ad_1] (Reuters) – McDonald’s Corp (MCD.N) beat estimates for quarterly global same-store sales as strong demand in international markets made up for slowing growth in the fiercely-competitive U.S. fast-food industry, sending its shares up nearly 3 percent. The logo of a McDonald’s restaurant is seen in Bordeaux, France, June 18, 2018. Picture taken June 18,…
[ad_1] (Reuters) – Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, reported a 17 percent rise in quarterly profit on Tuesday, driven by more production of F-35 fighter jets. A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8,…
[ad_1] PARIS (Reuters) – For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast – but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said. FILE PHOTO: An employee of Airbus works on a computer in…
[ad_1] RIYADH (Reuters) – Saudi Arabia hopes OPEC and other oil producers will sign a deal in December to extend cooperation to monitor and stabilize the oil market, said the kingdom’s energy minister on Tuesday. Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a “good place.” Reporting by…
[ad_1] RIYADH (Reuters) – Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday. Companies involved in the deals included Trafigura, Total (TOTF.PA), Hyundai (011760.KS), Norinco (000065.SZ), Schlumberger, Halliburton (HAL.N) and Baker Hughes (BHGE.N), state television said. The deals include…
[ad_1] TOKYO (Reuters) – U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd (4924.T) that it does not already own for 230 billion yen ($2.05 billion) in cash. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California,…
[ad_1] MADRID (Reuters) – U.S. car manufacturer Ford (F.N) will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday. Cars are pictured at the Ford factory in Almussafes near Valencia, Spain June 15, 2018. REUTERS/Heino…
[ad_1] TOKYO (Reuters) – U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd (4924.T) that it does not already own for 230 billion yen ($2.05 billion). FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January…
[ad_1] This story is part of a series we’re calling Debt Nation looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on mortgages and credit card debt. Canadians are buying more cars than almost ever before, but a closer look reveals they’re taking longer and longer to…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked. FILE PHOTO: Tesla Motors CEO Elon Musk reveals the Tesla Energy Powerwall Home Battery during an event in Hawthorne, California, U.S., April 30, 2015. REUTERS/Patrick T. Fallon/File Photo “Twitter thought I got hacked &…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week. Technology sector gains limited losses on the S&P 500 and helped to lift the Nasdaq. The beaten-down S&P technology…
[ad_1] TOKYO (Reuters) – Mitsubishi Heavy Industries (7011.T) is arranging 220 billion yen ($2 billion) in financial support for its aircraft unit, which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday. FILE PHOTO: The logo of Mitsubishi Heavy Industries is seen at the company’s Sagamihara plant in Sagamihara, Japan,…
[ad_1] TOKYO (Reuters) – Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes. Philip Morris new IQOS 3 devices are displayed during a news conference by its International’s CEO Andre…
[ad_1] HONG KONG (Reuters) – UBS (UBSG.S) allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials. FILE PHOTO: The logo of…
[ad_1] TOKYO (Reuters) – Asian shares fell on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment. A passerby walks past an electronic boards Japan’s Nikkei average, the Dow Jones Industrial Average…
[ad_1] TOKYO (Reuters) – Mitsubishi Heavy Industries (7011.T) is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday. FILE PHOTO: The logo of Mitsubishi Heavy Industries is seen at the company’s Sagamihara plant in Sagamihara, Japan, July…
[ad_1] Oracle today announced that it has made another acquisition, this time to enhance both the kind of data that it can provide to its business customers, and its artificial intelligence capabilities: it is buying DataFox, a startup that has amassed a huge company database — currently covering 2.8 million public and private businesses, adding…
[ad_1] (Reuters) – A U.S. judge on Monday affirmed a verdict against Bayer AG (BAYGn.DE) unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, but said the $250 million punitive damages portion of the award had to be reduced. Plaintiff Dewayne Johnson leaves the courtroom following a post-trial hearing at the…
[ad_1] TOKYO (Reuters) – Philip Morris International Inc will sell cheaper versions of its IQOS “heat not burn” products in Japan from Tuesday and introduce new upgraded products next month to expand market share, its chief executive said. FILE PHOTO: The Philip Morris iQOS heat-not-burn electronic cigarette is pictured in this illustration photo, April 23,…
[ad_1] (Reuters) – Constellation Brands Inc (STZ.N), the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter. A bottle of the wine Clos du Bois, a brand of…
[ad_1] SAN FRANCISCO (Reuters) – Microchip firm Qualcomm Inc (QCOM.O) is joining Amazon.com Inc (AMZN.O) to spread the use of Amazon’s Alexa voice assistant in wireless headphones, the companies said on Monday. Prompts on how to use Amazon’s Alexa personal assistant are seen in an Amazon ‘experience centre’ in Vallejo, California, U.S., May 8, 2018.…
[ad_1] TOKYO (Reuters) – Asian shares edged lower on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment. A passerby walks past an electronic boards Japan’s Nikkei average, the Dow Jones Industrial…
[ad_1] (Reuters) – A U.S. judge conditionally denied Bayer AG-unit Monsanto’s motion to receive a new trial on the $250 million punitive damages portion of a recent jury verdict that found the company’s glyphosate-based weed-killers, including RoundUp, responsible for a man’s terminal cancer. Monsanto’s Roundup weedkiller atomizers are displayed for sale at a garden shop…
[ad_1] NEW YORK (Reuters) – U.S. stocks closed lower after choppy trade on Monday, as some investors showed signs of earnings season nerves, while political worries in Europe led the dollar to strengthen against the euro and sterling. The euro continued its slide on uncertainty over Italy’s budget and the British pound fell on news…
[ad_1] (Reuters) – Cameron Poetzscher, who oversaw a string of high-profile deals at Uber Technologies Inc [UBER.UL], has resigned, weeks after a report on allegations of sexual misconduct against him at the ride-hailing firm. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo Uber Chief…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition. The move, which the company said was aimed at…
[ad_1] Elon Musk says he plans to offer the public free rides through a tunnel he bored under a Los Angeles suburb to test a new type of transportation system. The 3.2-kilometre tunnel is designed for electric sleds which move at speeds of up to 200 km/h over magnetic rails; technology akin to his more ambitious but undeveloped hyperloop system.…
[ad_1] MILAN (Reuters) – Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire’s diversification into construction, transport and catering, has died at the age of 77. Gilberto Benetton, one of the co-founders of the Italian clothing retailer Benetton Group, is seen in this undated picture. REUTERS/Remo Casilli…
[ad_1] The biggest cannabis companies in Canada all sold off sharply on Monday, as investors pulled money out of the sector. Canopy Growth, Aurora Cannabis, Aphria and Tilray are the four biggest names in the sector, and all saw double-digit percentage declines. Canopy Growth lost more than 11 per cent to close at $54.46 on the TSX, while Aurora…
[ad_1] Government-ordered hearings into complaints about Canada’s largest telecommunications providers got underway Monday with an industry-funded ombudsman saying his group has limited insight into problem sales practices. The Commission for Complaints for Telecom-Television Services — a private-sector body — has found the biggest problem is a “mismatch” between what customers expect and what they actually…
[ad_1] NEW YORK (Reuters) – U.S. stocks were slightly lower in choppy trade on Monday as some investors showed earnings season nerves and the dollar strengthened, while long-dated U.S. Treasury prices edged higher. The U.S. dollar rose as the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remained…
[ad_1] Prime Minister Justin Trudeau will unveil Tuesday the federal government’s plan for wayward provinces that do not comply with the national climate plan. That plan, brokered with most provinces roughly two years ago, includes a carbon tax on greenhouse gas emissions as part of a larger effort to tackle climate change. Trudeau has said the…
[ad_1] (Reuters) – British chip designer Arm Holdings Chief Executive Officer Simon Segars has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on Monday. FILE PHOTO: ARM’s CEO Simon Segars delivers a speech at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei…
[ad_1] ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines (AGNr.AT) picked U.S. engine maker Pratt & Whitney (UTX.N) to power up to 62 Airbus A320neo aircraft, the carrier said on Monday. Commuters stand in front of electronic check-in machines of Aegean airlines inside Athens’ Eleftherios Venizelos airport October 23, 2012. REUTERS/John Kolesidis Aegean Airlines reached…
[ad_1] Imperial Oil Ltd. has restarted oil production at Norman Wells in the Northwest Territories almost two years after being forced to suspend shipments on a pipeline threatened by slope stability concerns at a Mackenzie River crossing near Fort Simpson. The Calgary-based company says it has been shipping oil from storage since last month on…
[ad_1] LISBON (Reuters) – Portuguese app store Aptoide said on Monday a local court has ruled against Alphabet Inc’s Google, ordering it to stop removing Aptoide’s app from users’ mobile phones without their knowledge in a landmark case. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich September 5, 2018.…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) announced its third tap of debt markets in a year on Monday, aiming to raise another $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition. The Netflix logo is seen on their office in Hollywood, Los Angeles, California,…
[ad_1] A high bank rate meant high mortgage rates for home buyers in 1981. (CBC Archives/The National) Good news: the bank rate had gone down. Bad news: it was a marginal decline. Worse news: the new rate was 17.08 per cent. That was still great news for savings and investments in February 1981, but not for anyone…
[ad_1] Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion US as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition. Netflix bond prices were little moved immediately after the announcement, but can be expected to…
[ad_1] Key ministers from incoming Mexican president Andres Manuel Lopez Obrador’s government are meeting with Canadian officials in Ottawa today. Foreign Affairs Minister Chrystia Freeland and her counterpart Marcelo Ebrard, as well as International Trade Diversification Minister Jim Carr and the new economy secretary Graciela Marquez, will meet reporters at 1 p.m. ET. CBC News will…
[ad_1] (Reuters) – The U.S. Federal Trade Commission said on Monday that it will require Praxair Inc and Linde AG to divest assets in nine industrial gases product markets in United States, as part of a settlement that resolves charges that their proposed merger would likely be anticompetitive. The Praxair logo is seen during a…
[ad_1] (Reuters) – Toymaker Hasbro Inc (HAS.O) missed analysts’ estimates for quarterly revenue and profit on Monday, as the demise of major retail partner Toys ‘R’ Us hurt sales in the United States and Europe, sending its shares down 9 percent in early trading. A Jenga game by Hasbro Gaming is seen in this illustration…
[ad_1] Pulumi, a Seattle-based startup that lets developers specify and manage their cloud infrastructure using the programming language they already know, today announced that it has raised a $15 million Series A funding round led by Madrona Venture Group. Tola Capital also participated in this round and Tola managing director Sheila Gulati will get a…
[ad_1] HONG KONG (Reuters) – Global banks including Citigroup (C.N) and Standard Chartered (STAN.L) have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS (UBSG.S) banker from leaving the country, sources said. FILE PHOTO – A paramilitary policeman watches a flag-raising ceremony at Tiananmen Square ahead…
[ad_1] LONDON (Reuters) – Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo…
[ad_1] HONG KONG (Reuters) – Several global banks including Citigroup (C.N) and Standard Chartered (STAN.L) have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS (UBSG.S) banker from leaving the country, sources said. FILE PHOTO – A paramilitary policeman watches a flag-raising ceremony at Tiananmen Square…
[ad_1] LONDON (Reuters) – European shares crept higher on Monday on relief over Italy’s budget, tracking rallies in Asia markets after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 18,…
[ad_1] LONDON (Reuters) – European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 18, 2018. REUTERS/Staff/File…
[ad_1] LONDON (Reuters) – Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018.…
[ad_1] The Liberal government has quietly written off a $2.6-billion auto-sector loan that was cobbled together to save Chrysler during the 2009 global economic meltdown. The write-off, among the largest ever for a taxpayer-funded bailout, is buried in a volume of the 2018 Public Accounts of Canada, tabled in Parliament on Friday. The reference contains…
[ad_1] This story is part of a series we’re calling Debt Nation looking at the state of consumer debt in Canada. Look for more coverage in the coming days, including on car loans, mortgages and credit card debt. Many Canadian homeowners are worried about rising interest rates and how they will impact their budget, a new CBC Research survey…
[ad_1] AMSTERDAM (Reuters) – The chief executive of Philips (PHG.AS) said on Monday he was worried about the lack of progress on a deal over the terms of Britain’s exit from the European Union, and warned that a no-deal Brexit would jeopardize the country’s position as a manufacturing hub. Frans van Houten, Chief Executive Officer…
[ad_1] TOKYO (Reuters) – Japan’s government on Monday told U.S. technology firm Facebook Inc (FB.O) to better protect its users’ personal data following lapses this year affecting tens of millions of people globally. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau/File…
[ad_1] DETROIT (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company’s futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019. FILE PHOTO: A Toyota Project Portal hydrogen fuel cell electric semi-truck…
[ad_1] TOKYO (Reuters) – Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said. A screen displays the ticker information for Fiat Chrysler Automobiles NV at the post where it’s traded…
[ad_1] SYDNEY (Reuters) – Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. People walk in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, October 15,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Front-month Brent crude oil futures LCOc1 were at $79.96…
[ad_1] NEW YORK/MEXICO CITY(Reuters) – The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern…
[ad_1] TOKYO (Reuters) – The Japanese government is set to tell Facebook Inc (FB.O) to better protect its users’ personal data after a leak involving British firm Cambridge Analytica that affected 87 million users globally, Kyodo News reported on Monday. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Front-month Brent crude oil futures LCOc1 were trading…
[ad_1] SYDNEY (Reuters) – Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. People walk in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, October 15, 2018. REUTERS/Toru Hanai Blue chips…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to a $300 million bankruptcy loan the U.S. retailer is seeking, people familiar with the matter said on Sunday. FILE PHOTO: A view of a Sears store at Fair Oaks Mall in Fairfax, Virginia,…
[ad_1] NEW YORK (Reuters) – A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels is nearing completion on the first tunnel, Musk said on Twitter on Sunday. FILE PHOTO: Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California, U.S., June 22,…
[ad_1] SINGAPORE (Reuters) – Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File…
[ad_1] Shawn Ahmed says he knew he wanted to participate, as soon as he learned the CRTC asked to hear, in person, from consumers frustrated by their telecom service provider. The federal telecom regulator is holding a five-day public hearing this week in Gatineau, Que., part of an inquiry into misleading and aggressive telco sales practices, ordered in…
[ad_1] NEW YORK (Reuters) – CBS Corp (CBS.N) interim chairman Richard Parsons has resigned from the board, the company said in a statement on Sunday. FILE PHOTO: Richard Parsons, the former chairman of Citigroup and former chairman and CEO of Time Warner, poses in New York, December 18, 2013. REUTERS/Shannon Stapleton/File Photo Parsons, who said…
[ad_1] SYDNEY (Reuters) – Investors are turning against Australia’s big banks as earnings tumble, growth plans are abandoned, and fee income cut in the fallout from a powerful financial sector misconduct inquiry and more challenging economic conditions. A man walks past ATM machines at a National Australia Bank branch in Sydney, Australia April 20, 2018.…
[ad_1] MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday. A screen displays the ticker information for Fiat Chrysler Automobiles NV at the post where it’s traded…
[ad_1] Charles Wang, a technology company founder and former owner of the New York Islanders hockey team, died Sunday. He was 74. Wang died in Oyster Bay, New York, said his attorney John McEntee in an emailed statement. A cause of death was not disclosed. Wang “was an entrepreneur, visionary, author, and philanthropist but will…
[ad_1] (Reuters) – Canadian airplane maker Bombardier Inc (BBDb.TO) has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd (7011.T), saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. FILE PHOTO: A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport,…
[ad_1] TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s (8306.T) banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. FILE PHOTO: Deputy President of the Bank…
[ad_1] FRANKFURT/SEOUL (Reuters) – Audi’s first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday. FILE PHOTO: People inspect the Audi E-Tron 5S Quattro during the first press day at the Paris auto show,…
[ad_1] BEIJING (Reuters) – China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers. FILE PHOTO: Workers are seen amid steel bars at a construction site of 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. Find a call centre unhelpful? You were probably right Have you tried to call and cancel a telecom service only to be passed from one employee to another? Our friends at…
[ad_1] The number of millionaires in Canada will jump by more than half in the next five years, a faster growth rate than other developed countries like the U.S., according to a new wealth report from banking giant Credit Suisse. Canada had 1.3 million millionaires in 2018 and that’s expected to rise by 54 per cent…
[ad_1] It sounds like something out of a pirate story, but the normally staid world of international trade has been beset by a flotilla of ghost ships in recent weeks, and they’re weighed down by several million barrels of trouble for U.S. foreign policy. Iran is one of the world’s biggest oil suppliers, and according to official records,…
[ad_1] HONG KONG (Reuters) – Swiss bank UBS Group AG. (UBSG.S) has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said. FILE PHOTO: The…
[ad_1] LONDON (Reuters) – Facebook Inc (FB.O) has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling. The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to…
[ad_1] FLORENCE (Reuters) – Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Friday. Italian luxury fashion house Salvatore Ferragamo’s logo is seen at a store in Zurich, Switzerland October 26, 2016. REUTERS/Arnd Wiegmann Wanda was left a widow…
[ad_1] OTTAWA (Reuters) – The Canadian government on Friday said Lockheed Martin Corp (LMT.N) would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion). Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) said on Friday that it was building a new “fintech campus” in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New…
[ad_1] (Reuters) – Honeywell International Inc (HON.N) said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities. The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst The industrial conglomerate’s revised estimate for asbestos-related…
[ad_1] NEW YORK (Reuters) – Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking’s rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. FILE PHOTO: Jamie Hodari, co-founder and chief executive of Industrious,…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday. George Kurtz, CEO and co-founder of CrowdStrike, speaks at the Wall Street…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday. U.S. President Donald Trump rallies with…
[ad_1] SAN FRANCISCO (Reuters) – The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] NEW YORK (Reuters) – Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in “neutral” territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks with an…
[ad_1] NEW YORK (Reuters) – Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. A Trader works on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple’s internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents. Tim Cook, CEO of Apple, speaks during a demonstration of the newly released Apple products…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the North American International Auto…
[ad_1] BRUSSELS/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday. A 3D printed Android mascot Bugdroid is seen in…
[ad_1] NEW YORK (Reuters) – The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co (PG.N) were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Shares of Procter & Gamble jumped 8.8 percent after the consumer goods company…
[ad_1] While there may be many chapters in the two-decade story of apparel company Lululemon Athletica Inc., founder Chip Wilson has looked to one iconic product to put a headline on it. Chip Wilson, seen in a file photo from earlier this year, sold half of his remaining stake in Lululemon in 2014. (Jonathan Hayward/Canadian Press) Little Black…
[ad_1] WestJet’s new discount carrier Swoop is apologizing to travellers for cancelling 24 U.S.-bound flights. The airline says it had hoped to have all regulatory approvals in place to operate south of the border — but one of those has not yet been approved. That means all Swoop flights to the United States have been postponed…
[ad_1] Canada is not about to agree to quotas or other limits on its exports in order to get the United States to lift punishing tariffs on steel and aluminum, says a source close to the ongoing talks to resolve the lingering tit-for-tat trade standoff. Where the two sides ultimately end up remains to be…
[ad_1] Canadian airlines are urging Ottawa to delay the Jan. 1 imposition of the federal carbon tax, which they warn will boost airfares and push passengers to airports across the border. The National Airlines Council of Canada sent letters to three federal ministers Friday cautioning the government about the reduction the levy would cause to…
[ad_1] (Reuters) – AbbVie Inc (ABBV.N) said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the…
[ad_1] ZURICH (Reuters) – Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for military-grade scents to be sold in North America. A bottle of Eau de Toilette Victorinox Swiss Army Classic is displayed at store of Swiss knifemaker…
[ad_1] MOSCOW (Reuters) – The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group (GAZA.MM) until Dec. 12. Russian aluminium tycoon Oleg Deripaska and Industry and Trade Minister Denis Manturov arrive for the talks of Russian President Vladimir Putin…
[ad_1] WASHINGTON (Reuters) – A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve. John Strangfeld, Chairman and Chief Executive Officer of Prudential Financial Inc speaks at a conference in New York City, New York,…
[ad_1] (Reuters) – AbbVie Inc (ABBV.N) said on Friday that Chief Financial Officer William Chase is retiring in mid-2019 and named its controller, Robert Michael, his immediate successor as CFO. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange July 18, 2014. REUTERS/Brendan…
[ad_1] PARIS (Reuters) – Air France-KLM’s (AIRF.PA) new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had led to costly strikes and the abrupt departure of his predecessor earlier this year. Tails of Air France airplanes are seen at the Charles-de-Gaulle airport…
[ad_1] (Reuters) – U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 19, 2018.…
[ad_1] NEW YORK (Reuters) – Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds. FILE PHOTO: People walk past a “debt clock” screen, installed by Bruno Leoni Institute’s analysts, displaying Italy’s public debt at…
[ad_1] SYDNEY (Reuters) – About 300 staff of National Australia Bank (NAB.AX) have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector. Thorburn said he was ashamed of the bank’s behavior and admitted he had…
[ad_1] The annual pace of inflation slowed more than expected in September as increases in the price of gasoline eased compared with August. Statistics Canada said Friday the consumer price index in September was up 2.2 per cent from a year ago compared with a year-over-year increase of 2.8 per cent in August. Economists had…
[ad_1] LONDON (Reuters) – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. FILE PHOTO: A man fixes a sign with OPEC’s logo next to its…
[ad_1] (Reuters) – U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier. Traders work on the floor of the New York Stock…
[ad_1] Snags in the supply chains of legal retail pot stores across Canada are no big surprise for a fledgling industry trying to meet huge demand, experts say. “There’s very few industries that flip the switch on one day,” said Jay Rosenthal, co-founder and president of Business of Cannabis, which produces content research and events related to the global cannabis…
[ad_1] (Reuters) – Procter & Gamble Co (PG.N) reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products. The logo for Procter & Gamble Co. is displayed on a screen on the floor of the…
[ad_1] (Reuters) – Procter & Gamble Co (PG.N) reported better-than-expected first-quarter sales on Friday, boosted by strong demand for beauty and home care products. The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid…
[ad_1] – Shares of electric carmaker (TSLA.O) up 1.6 pct at $268.21 premarket FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond, California, U.S., June 22, 2018. REUTERS/Stephen Lam/File Photo – Co introduces a new $45,000 version of Model 3 sedan, as U.S. tax breaks for TSLA cars are…
[ad_1] LAS VEGAS (Reuters) – With Ford Motor Co’s (F.N) stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of third-quarter results. FILE PHOTO: The new Ford Focus car is displayed…
[ad_1] BEIJING (Reuters) – China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. Workers help to dock a China Ocean Shipping Company (COSCO)…
[ad_1] BRUSSELS (Reuters) – The European Union will sign a trade agreement with Singapore on Friday, the highlight of a two-day meeting of 51 European and Asian leaders and a signal of the EU’s push for open market accords with Asian countries. Japan’s Prime Minister Shinzo Abe attends the ASEM leaders summit in Brussels, Belgium…
[ad_1] Wayne Easter answered the phone in the middle of a quick lunch. The chair of the Commons finance committee was in Winnipeg yesterday with other committee members, listening to submissions on what should be in the next federal budget. Wherever they stop, Easter said, the message heard by committee members is pretty much the same:…
[ad_1] One of the big fears that sparked a sell-off in stock markets last week seems to be surfacing again this week. Investors are mulling over what higher borrowing costs would mean for investments after the U.S. Federal Reserve’s minutes on Wednesday confirmed that the central bank is, indeed, planning for even higher interest rates. Markets fell across the board on Thursday…
[ad_1] SHANGHAI (Reuters) – Asian stocks clawed back losses on Friday as China’s efforts to bolster investor confidence helped its share markets rally, although data showing the world’s second-largest economy growing at the slowest pace since 2009 capped broader gains. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September…
[ad_1] MILAN (Reuters) – Italian fashion house Giorgio Armani has been approached by many suitors but intends to remain an independent player, the company’s founder and owner said in an interview in MF daily on Friday. FILE PHOTO: Fashion designer Giorgio Armani poses with models at the end of the Giorgio Armani show during Milan…
[ad_1] BEIJING (Reuters) – China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. A worker adjusts a cover on the back of…
[ad_1] SHANGHAI (Reuters) – Asian stocks erased losses on Friday as China shares recovered after government statements sought to bolster market confidence following data showing the slowest Chinese economic quarterly growth since the global financial crisis. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September 7, 2018. REUTERS/Jason Lee/File…
[ad_1] JEJU, South Korea (Reuters) – Strong e-commerce demand is fuelling Asia’s air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday. FILE PHOTO: A Sichuan Airlines Airbus A330-300 cargo plane awaits loading at Vaclav Havel Airport in Prague,…
[ad_1] BEIJING (Reuters) – Growth in China’s real estate investment eased in September and home sales fell for the first time since April, as developers dialed back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in. FILE PHOTO: A woman points at the model of a residential compound by China…
[ad_1] BEIJING (Reuters) – China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. FILE PHOTO: A worker puts finishing…
[ad_1] SHANGHAI (Reuters) – Asian stocks slipped further on Friday as China posted its weakest economic growth since the global financial crisis, adding to market concerns about trade disputes, rising U.S. interest rates and Italy’s free-spending budget. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September 7, 2018. REUTERS/Jason…
[ad_1] BEIJING (Reuters) – China’s third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third quarter from a year earlier, slower…
[ad_1] SHANGHAI (Reuters) – Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind,…
[ad_1] SHANGHAI (Reuters) – China has filed a request with the World Trade Organisation to establish an expert group to determine the legality of tariffs imposed by the United States on imports of steel and aluminum, the Ministry of Commerce said late on Thursday. A worker sprays corrosion inhibitor on a furnace at a steel…
[ad_1] SYDNEY (Reuters) – About 300 staff of National Australia Bank (NAB.AX) have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector. FILE PHOTO: The National Australia Bank logo is seen on a branch in…
[ad_1] WASHINGTON/OSLO (Reuters) – The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter. A overhead crane places a steel slab for storage at the Novolipetsk Steel PAO…
[ad_1] (Reuters) – Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California,…
[ad_1] LONDON (Reuters) – Britain should bring forward a ban on the sale of new petrol and diesel cars and vans by eight years to 2032 to help the country reduce its greenhouse gas emissions, a parliamentary committee said on Friday. FILE PHOTO: Imported cars are parked in a storage area at Sheerness port, Sheerness,…
[ad_1] (Reuters) – Tesla Inc is launching a new version of its Model 3 sedan with a “mid-range” battery priced at $45,000, automotive news website Electrek reported on Thursday. A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, March 31, 2016. REUTERS/Joe White/File…
[ad_1] MEXICO CITY (Reuters) – Mexico’s biggest retailer, Wal-Mart de Mexico (WALMEX.MX), reported on Thursday a 7.9 percent rise in third-quarter revenue, capitalizing on sales traffic in Mexico that compensated for slow growth in Central America and a tough comparison base. Two people walk outside a Wal-Mart store in Mexico City January 11, 2013. REUTERS/Edgard…
[ad_1] As Edmontonians lined up to buy legal cannabis from retail stores on Wednesday, Elina Childs saw a business opportunity. The nine-year-old Girl Guide and her father showed up at Nova Cannabis just south of Whyte Avenue, pulling a wagon filled with top-shelf munchies: sandwich cookies and mint thins. She sold all 30 boxes in less than 45…
[ad_1] Former prime minister Brian Mulroney, whose government once introduced legislation to keep marijuana in the same legal category as heroin, hasn’t merely become a born-again weed evangelical — he now says Canada is poised to influence the rest of the world to join the cannabis bandwagon. “I’m saying the government’s position that was taken yesterday…
[ad_1] (Reuters) – American Express Co (AXP.N) topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending. An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration The credit-card…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg Global Business forum in New York, U.S., September 26,…
[ad_1] PARIS (Reuters) – French retailer Casino (CASP.PA), which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter. FILE PHOTO: The logo “Le 4 Casino” is seen outside a high-tech…
[ad_1] CHICAGO (Reuters) – Campbell Soup Co (CPB.N) interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday. FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche sports car brand is confident it can repeat last year’s record sales in 2018, the division’s chief executive told Reuters. The logo of Porsche is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau Porsche sold 196,562 vehicles…
[ad_1] Twilio is hosting its Signal developer conference in San Francisco this week. Yesterday was all about bots and taking payments over the phone; today is all about IoT. The company is launching two new (but related) products today that will make it easier for IoT developers to connect their devices. The first is the…
[ad_1] (Reuters) – U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage and Housing Corp. The federal housing agency says its annual mortgage consumer study found that 85 per cent of first-time buyers reported spending the most they could afford…
[ad_1] WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Thursday it had opened a preliminary investigation into 54,400 Ford Motor Co (F.N) pickup trucks after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion. The logo of the Ford Motor Company is seen outside a car dealership…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) on Thursday appointed company veteran Brian Smith as its chief operating officer, a role that has been vacant since former COO James Quincey became chief executive officer last year. FILE PHOTO: Aluminium Coca-Cola cans are seen at a restaurant in Buenos Aires, Argentina, August 3, 2018. REUTERS/Marcos Brindicci Smith,…
[ad_1] Licensed producer Aphria Inc. has applied to list its common shares on the New York Stock Exchange. The Leamington, Ont.-based cannabis company submitted its registration statement to U.S. securities regulators today. An Aphria spokeswoman says the company will provide details such as its anticipated trading date and ticker symbol when available and after it…
[ad_1] Atlassian previewed the next generation of its hosted Jira Software project tracking tool earlier this year. Today, it’s available to all Jira users. To build the new Jira, Atlassian redesigned both the back-end stack and rethought the user experience from the ground up. That’s not an easy change, given how important Jira has become…
[ad_1] Homeowners with variable-rate mortgages have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times. And now, with economists expecting the central bank to raise its target interest rate again next week, those who have continued to stick with the variable-rate option…
[ad_1] Great startups normally come from a personal place. Byran Dai’s new company, Daivergent, is no different. Founded in December 2017, Daivergent looks to connect enterprise clients with folks on the autism spectrum who will help complete tasks in AI/ML data management. Dai’s younger brother, Brandon, is on the autism spectrum. Dai realized that his…
[ad_1] (Reuters) – U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries over rising expenses and the impact of tariffs, adding to concerns of higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] Seva, a New York City startup, that wants to help customers find content wherever it lives across SaaS products, announced a $2.4 million seed round today. Avalon Ventures led the round with participation from Studio VC and Datadog founder and CEO Olivier Pomel. Company founder and CEO Sanjay Jain says that he started this…
[ad_1] (Reuters) – U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s sharp selloff. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s brutal selloff. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – Nestle (NESN.S) and Unilever (ULVR.L) (UNc.AS), two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products. FILE PHOTO: The Nestle Research Center is pictured in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse/File Photo The increased cost of…
[ad_1] NEW YORK (Reuters) – Blackstone Group LP (BX.N), the world’s largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in third-quarter earnings on Thursday, as climbing equity markets buoyed its holdings. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is…
[ad_1] LONDON (Reuters) – Philip Morris International (PM.N), maker of Marlboro cigarettes among others, reported higher quarterly sales and profit on Thursday, helped by growth of its IQOS tobacco-heating device. FILE PHOTO: The Philip Morris iQOS heat-not-burn electronic cigarette is pictured in this illustration photo April 23, 2018. REUTERS/Toru Hanai/Illustration The company reported third-quarter earnings…
[ad_1] BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. The land agreement marks a key step toward the firm and its Chief Executive Elon…
[ad_1] PARIS (Reuters) – Air France KLM (AIRF.PA) shares rose on Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week. FILE PHOTO: The Air France-KLM company logo is seen during the company’s half-year results…
[ad_1] JAKARTA (Reuters) – Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project. A worker speaks on a phone in the Meikarta real estate development in Cikarang,…
[ad_1] (Reuters) – Takeda Pharmaceutical Co Ltd (4502.T) said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc (SHP.L), bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker. FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters…
[ad_1] According to a new Senate report, what Canada needs is for its rich people to get richer. Of course that’s not what it says in so many words, but in calling on the Canadian government to follow the U.S. in cutting corporate taxes, that is effectively what it is asking for. Perhaps it’s simply a matter of bad timing,…
[ad_1] As oil from Alberta and Saskatchewan continues to sell at record discounts, American refineries are enjoying lucrative profit margins at the expense of Canadian oil producers. The sharp drop in oil prices began in late September and is expected to continue for roughly another month. The culprit is limited export pipeline space and refinery maintenance outages in the…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo…
[ad_1] SYDNEY (Reuters) – Private equity giant Blackstone Group (BX.N) has quit a takeover battle for Australian office-block owner Investa Office Fund (IOF.AX) after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it…
[ad_1] TOKYO (Reuters) – China’s benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence. FILE PHOTO: An investor sits in front of displays showing stock information at a brokerage office in Beijing, China October…
[ad_1] JAKARTA (Reuters) – Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of the deputy chairman of the Lippo Group (0226.HK), as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project. A worker speaks on a phone in the Meikarta real estate development…
[ad_1] NEW YORK (Reuters) – When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. FILE PHOTO: Giant electronic billboards display adverts for crypto currency investment companies as…
[ad_1] FRANKFURT (Reuters) – Spain’s Santander (SAN.MC) is the latest bank to be caught up in Germany’s biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros. FILE PHOTO: A Santander logo is seen in Rio de Janeiro, Brazil, September 6, 2017. REUTERS/Sergio Moraes/File Photo In June, prosecutors…
[ad_1] (Reuters) – China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles. FILE PHOTO: Soybean seeds are seen in a container at a farm in Gideon,…
[ad_1] (Reuters) – The story headlined ‘China’s Zhoushan city woos Exxon Mobil for a $7 bln ethylene plant’ is withdrawn. The provincial government has withdrawn its original statement issued on Wednesday because it was not factually correct, an official told Reuters. There will be no replacement story. FILE PHOTO: A logo of Exxon Mobil is…
[ad_1] WASHINGTON (Reuters) – The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers. FILE PHOTO: A car dealer…
[ad_1] BEIJING/SHANGHAI (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd (0175.HK), long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in…
[ad_1] TOKYO (Reuters) – Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing costs further. FILE PHOTO: A U.S. five dollar note is seen in this illustration…
[ad_1] (Reuters) – Facebook Inc has tentatively concluded that a recent hack that affected millions of accounts was perpetrated by spammers, and not a nation-state, the Wall Street Journal reported on Wednesday, citing sources. The entrance sign to Facebook headquarters is seen in Menlo Park, California, on Wednesday, October 10, 2018. REUTERS/Elijah Nouvelage Facebook believes…
[ad_1] HOUSTON/SINGAPORE (Reuters) – In the middle of a Sino-U.S. trade war, the world’s largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs. FILE PHOTO: The ExxonMobil Hides Gas Conditioning Plant process area is…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before. The S&P 500 .SPX zigzagged furiously between positive and negative…
[ad_1] (Reuters) – Constellation Brands Inc’s (STZ.N) Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry. Corona beers are pictured at a BevMo! store ahead of Constellation…
[ad_1] (Reuters) – Top U.S. aluminum producer Alcoa Corp (AA.N) reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices. An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo Shares of the company rose almost 5 percent to…
[ad_1] (Reuters) – Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers. Facebook’s CEO Mark Zuckerberg listens to French President Emmanuel Macron after a family picture with…
[ad_1] WASHINGTON (Reuters) – The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers. FILE PHOTO: A car dealer…
[ad_1] WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N) has been awarded a $697 million U.S. defense contract for upgrades to the EA-18G Growler and EA-6B Prowler electronic warfare aircraft for the U.S. Navy and the government of Australia, the Pentagon said on Wednesday. A UAV helicopter build by Northrop Gruman is on deck aboard the…
[ad_1] The big accounting firms are under pressure from digital disruption just like every industry these days, but PwC is trying a proactive approach with a digital accelerator program designed to train employees for the next generation of jobs. To do this, PwC is not just providing some additional training resources and calling it a…
[ad_1] NEW YORK (Reuters) – U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further. Traders work on the floor of the…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes slipped on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Shares in most Canadian marijuana companies were lower on Wednesday, a sign that the volatility that has characterized the space as an investment isn’t going to go away now that the drug has been made legal for recreational use. Cash registers are ringing up sales, in person and online, but the reaction from investors in…
[ad_1] (Reuters) – Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open…
[ad_1] Shopify Inc. says the Canadian online cannabis stores powered by its e-commerce software are seeing more than 100 orders per minute. The Ottawa-based company’s vice president says the government-operated websites and private retailer portals powered by Shopify have processed “hundreds of thousands” of orders since cannabis was legalized at the stroke of midnight. Loren…
[ad_1] WASHINGTON (Reuters) – The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they have asked top U.S. executives at Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers. FILE PHOTO: A car dealer…
[ad_1] MEXICO CITY (Reuters) – Amazon.com Inc is scouting for land in central Mexico for a fourth distribution center in the country, sources said, aiming at a bigger slice of the burgeoning e-commerce market in Latin America’s second-largest economy. FILE PHOTO: A view of the Amazon fulfillment logo in Mexico City, Mexico, September 12, 2017.…
[ad_1] (Reuters) – Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman. Facebook’s CEO Mark Zuckerberg listens to French President Emmanuel Macron after a family picture with guests of the “Tech for Good Summit” at the Elysee Palace in Paris, France, May…
[ad_1] Former prime minister Brian Mulroney is joining the board of directors of an American cannabis company. Acreage Holdings, one of the largest vertically integrated cannabis companies in the U.S., says Mulroney will officially become a board member in November, when the company will list in the Canadian Securities Exchange. Mulroney, who served as prime…
[ad_1] BRUSSELS (Reuters) – The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress. U.S. Secretary of Commerce Wilbur Ross poses in his office during an interview with Reuters at the U.S. Department of Commerce building in Washington, U.S., October 5,…
[ad_1] (Reuters) – Holiday hiring of more than 700,000 workers by U.S. retailers would be the largest since 2014, according to a report by a global outplacement firm, underscoring a robust economy that has seen consumer confidence at its highest in nearly two decades. A worker uses a forklift to collect items at online retailer…
[ad_1] (Reuters) – U.S. stocks fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 16,…
[ad_1] (Reuters) – U.S. stocks opened slightly lower on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday. FILE PHOTO: Tesla Motors CEO Elon Musk introduces the falcon wing door on the Model X electric sports-utility vehicles during a presentation…
[ad_1] WASHINGTON (Reuters) – A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve. A security guard is silhouetted in front a Prudential office in London March 1, 2010. Britain’s Prudential said it would buy…
[ad_1] ZURICH (Reuters) – Siemens (SIEGn.DE) may have to share a multi-billion dollar deal with U.S. rival General Electric (GE.N) to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday. FILE PHOTO: An electrician works on an electric switchboard of a local generator in Baghdad,…
[ad_1] PARIS (Reuters) – The chief executive of French bank Societe Generale (SOGN.PA) has canceled his attendance at a Saudi Arabia investment conference, as leading business executives pull out amid widespread concern about the fate of a Saudi journalist. FILE PHOTO: Frederic Oudea, Chief Executive Officer of French bank Societe Generale, attends the MEDEF union…
[ad_1] LOS ANGELES (Reuters) – Express Scripts Holding Co (ESRX.O), one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly (LLY.N) and Amgen Inc (AMGN.O), but is excluding a rival medication made by Teva Pharmaceutical Industries Ltd (TEVA.TA) after price negotiations with all three manufacturers. The decision represents a…
[ad_1] COPENHAGEN (Reuters) – Danske Bank (DANSKE.CO), reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo…
[ad_1] BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018.…
[ad_1] BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018.…
[ad_1] With a growing number of wind and solar developments studding Alberta’s landscape, the province has enshrined new rules that ensure operators — not landowners — are ultimately responsible for cleaning them up. The province has had renewable energy development for over two decades, but landowner advocates have more recently grumbled about insufficient rules. For one, farmers and landowners…
[ad_1] The broad cultural exemption Canada fought to keep in the renegotiated North American free trade deal will allow for Canadian content rules in digital media. But government sources say the Trudeau government will not use that exemption in order to escape a section of the revised trade deal that extends copyright protections for artistic works by…
[ad_1] LONDON/DUBAI (Reuters) – OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. FILE PHOTO: The logo of the Organization of the…
[ad_1] WASHINGTON (Reuters) – The U.S. Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan. FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks during a meeting hosted by U.S. President Donald Trump with governors and members of Congress at the White House…
[ad_1] TOKYO (Reuters) – Japan’s Fujifilm Holdings Corp (4901.T) has won an appeal in its legal battles with Xerox Corp (XRX.N), with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. FILE PHOTO: Fujifilm Holdings’ logos are pictured ahead of its news conference in Tokyo, Japan…
[ad_1] PARIS (Reuters) – Volkswagen Group (VOWG_p.DE), Fiat Chrysler (FCHA.MI) and Renault (RENA.PA) led a 23.4 percent European car sales decline in September, the main regional industry body said on Wednesday, as automakers continued to suffer from the introduction of tougher new emissions tests. FILE PHOTO: A car with the Volkswagen VW logo badge is…
[ad_1] SYDNEY (Reuters) – Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies. FILE PHOTO: A man in a business building is reflected on an electronic stock quotation board outside a brokerage in…
[ad_1] ZHOUSHAN, China (Reuters) – The Chinese city of Zhoushan is in talks with oil major Exxon Mobil Corp (XOM.N) to build a $7 billion ethylene plant in the city south of Shanghai, it said in a statement released on Wednesday. FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the…
[ad_1] HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. FILE PHOTO: A drilling crew member raises drill pipe onto the drilling rig floor on…
[ad_1] SAN JOSE, Calif. (Reuters) – SoftBank Group (9984.T) Chief Operating Officer Marcelo Claure said on Tuesday it is “business at usual” at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital. FILE PHOTO: People walk behind the logo of…
[ad_1] TOKYO (Reuters) – Fujifilm Holdings Corp (4901.T) has won an appeal in its legal battle with Xerox Corp (XRX.N), with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planner merger. FILE PHOTO: Fujifilm Holdings’ logos are pictured ahead of its news conference in Tokyo, Japan January 31, 2018.…
[ad_1] SYDNEY (Reuters) – Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies. FILE PHOTO: A man in a business building is reflected on an electronic stock quotation board outside a brokerage in…
[ad_1] (Reuters) – CSX Corp (CSX.O) on Tuesday reported quarterly profit that topped Wall Street’s view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. A CSX freight train blasts through high snow at a crossing in Silver Spring, Maryland, February…
[ad_1] (Reuters) – Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The record number of additions in the third quarter brought Netflix’s customer base to 137 million worldwide,…
[ad_1] (Reuters) – Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson On Tuesday, Morgan Stanley…
[ad_1] SYDNEY (Reuters) – Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. FILE PHOTO: A logo of Japan Exchange Group Inc. is seen on a gavel before the New Year opening…
[ad_1] Finance Minister Bill Morneau says 50 Canadian companies have so far been exempted from paying surtaxes on U.S. steel and aluminum imports that have been in place since Ottawa imposed retaliatory tariffs last summer. Morneau provided the figure Tuesday before a parliamentary committee, where opposition MPs criticized his relief plan as too slow in…
[ad_1] The Canadian Union of Postal Workers says it has given strike notice to Canada Post that workers could walk off the job as early as next week. The union representing 50,000 Canada Post employees says rotating strikes will begin Monday if agreements aren’t reached with the Urban Postal Operations and Rural and Suburban Mail…
[ad_1] A senior U.S. border patrol official is warning travellers that cannabis remains an illegal narcotic in the U.S. despite Canada’s legalization — and even if you’ve been granted amnesty for a previous pot-related criminal conviction, you could still be denied entry to the United States. The statement comes as Ottawa readies a plan to allow people to apply…
[ad_1] Canada’s main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday’s legalization. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for…
[ad_1] After a disappointing second quarter, Netflix is back in Wall Street’s good graces. The company just released its third quarter earnings report, and as of 5:30pm East Coast time, the stock is up 12 percent in after hours trading. The most important number here is subscriber growth, and that’s where Netflix came in way…
[ad_1] B.C.’s finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized properties. The bill ends months of speculation about how the province planned to use the new levy to help deal with runaway housing prices in some B.C. communities. If the legislation is passed, the new tax…
[ad_1] Trevor Fencott looks at the bare wooden beams in a stripped-down Edmonton retail store and sees nothing but possibility. He muses about cooking classes, perhaps lectures and community events in the barren space. It’s late June and Fencott has high hopes for this faded brick storefront on Whyte Avenue. He wants to turn it…
[ad_1] (Reuters) – Softbank Group (9984.T) Chief Operating Officer Marcelo Claure said it is “business at usual” at the companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital. FILE PHOTO: A man talks on the phone as he stand in…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on a Fox Business News interview that “my biggest threat is the Fed,” referring to the Federal Reserve. FILE PHOTO: U.S. President Donald Trump gestures as he speaks during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse/File Photo In…
[ad_1] The Canadian oil and gas sector is in a holding pattern in which spending and production growth can’t occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison. The steep discounts being paid for Canadian heavy and light oil production compared with U.S. benchmarks won’t end…
[ad_1] U.S. real estate website Zillow is expanding to offer listings for homes being sold in Canada. Seattle-based Zillow says it has agreements to receive more than 50,000 listings from Canadian brokerages and franchisors, which include Century 21 Canada, Right at Home Realty, Re/Max Ultimate Realty Inc., Exit Realty Corp International, Better Homes and Gardens Real Estate…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators reviewing Sony Corp’s $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals. Sony Corp’s logo is seen at its news conference in Tokyo, Japan November 1, 2017.…
[ad_1] (Reuters) – A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association…
[ad_1] For the longest time, GitHub was all about storing source code and sharing it either with the rest of the world or your colleagues. Today, the company, which is in the process of being acquired by Microsoft, is taking a step in a different but related direction by launching GitHub Actions. Actions allow developers…
[ad_1] WASHINGTON (Reuters) – U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter. An employee works on the sealer line in the paint department during a tour of an automobile plant in Marysville, Ohio October 11, 2012.…
[ad_1] BRUSSELS (Reuters) – U.S. tech giant Google will charge smartphone makers a licensing fee for using its popular Google Play app store and also allow them to use rival versions of its Android mobile operating system to comply with an EU antitrust order. FILE PHOTO: A 3D printed Android mascot Bugdroid is seen in…
[ad_1] Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion US, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley last month. There is no guarantee Uber…
[ad_1] (Reuters) – Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September…
[ad_1] (Reuters) – When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a “time bomb” that retailers have had a tough time surviving. A derelict Sears store is seen in…
[ad_1] (Reuters) – Wall Street’s top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson Morgan…
[ad_1] Abbott Nutrition is recalling a number of canned nutritional beverages due to possible bacterial contamination. The Chicago-based company is recalling products under its Ensure Plus, Jevity and TwoCal brands, among others. Full details are available on the Canadian Food Inspection Agency’s website, which says there has been one reported illness associated with the products. The…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy that will shift its servicing of European mainland customers out of London. A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario,…
[ad_1] (Reuters) – Uber Technologies Inc [UBER.UL] recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that could take place early next year, the Wall Street Journal reported on Tuesday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain,…
[ad_1] (Reuters) – Walmart Inc lowered its earnings forecast for the year on Tuesday to include the impact from its acquisition of Indian e-commerce company Flipkart, and said its e-commerce growth next year will be slower than the current fiscal year. FILE PHOTO: The logo of Walmart is seen outside of a new Walmart Store…
[ad_1] FRANKFURT (Reuters) – German carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform their businesses to meet new regulations and adapt supply chains, Volkswagen’s (VOWG_p.DE) chief executive said on Tuesday. FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the…
[ad_1] LONDON (Reuters) – Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. FILE PHOTO: A man talks on the phone as he stand in…
[ad_1] STOCKHOLM (Reuters) – Sweden’s Volvo (VOLVb.ST) warned on Tuesday that some of its truck and bus engines could be exceeding limits for nitrogen oxide emissions as an emissions control component it uses was degrading more quickly than expected, sending its shares lower. The logo of Volvo is seen on the front grill of a…
[ad_1] BRUSSELS (Reuters) – German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October…
[ad_1] LONDON (Reuters) – World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville In Europe, shares rallied…
[ad_1] Move over tomatoes, cucumbers and peppers, it’s time to make room for your popular new cousin in the agriculture business: Cannabis. In Leamington, Ont., which is the “sun parlour of Canada,” according to the town’s mayor, a growing number of fruit and vegetable farmers are switching over to cannabis or adding it to their crop…
[ad_1] BEIJING (Reuters) – Beijing is keen to show results after four rounds of policy easing, so China’s big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets. FILE PHOTO: A man walks past the headquarters of the People’s Bank of China (PBOC),…
[ad_1] FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess said on Tuesday. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual…
[ad_1] WASHINGTON (Reuters) – The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department. A U.S. Dollar note is seen in this…
[ad_1] FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess said on Tuesday. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although cooling factory-gate inflation in China and increasing tensions between Saudi Arabia and the West have capped gains. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although increasing tensions between Saudi Arabia and the West have fanned geopolitical concerns and capped gains. People walk past an electronic board showing Japan’s Nikkei average (top R) and Japanese yen’s exchange rate against the…
[ad_1] BEIJING (Reuters) – At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis. FILE PHOTO: Shipping containers are seen at…
[ad_1] BEIJING (Reuters) – U.S. carmaker Ford Motor Co (F.N) unveiled a new China sport utility vehicle (SUV) on Tuesday, and said its plan to release a spate of new models will help turn around tumbling sales in the world’s top auto market from the start of next year. FILE PHOTO: The Chinese national flag…
[ad_1] (Reuters) – Alphabet Inc’s Google on Monday became the latest company to drop out of a business conference in Saudi Arabia. A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song Pressure has mounted on Saudi Arabia since prominent Saudi journalist Jamal Khashoggi, a…
[ad_1] MEXICO CITY (Reuters) – The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico’s incoming government said on Monday, adding the issue needed to be resolved within weeks. FILE PHOTO: Jesus Seade, Lopez Obrador’s chief negotiator for…
[ad_1] (Reuters) – A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S. shopping malls a chance to remain in business. Sears filed for Chapter 11 bankruptcy protection in White Plains, New York earlier…
[ad_1] TOKYO (Reuters) – Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. People walk past an electronic board showing Japan’s Nikkei average (top R) and Japanese yen’s exchange rate against the U.S. dollar…
[ad_1] Some tech companies might have a problem taking money from the Department of Defense, but Amazon isn’t one of them, as CEO Jeff Bezos made clear today at the Wired25 conference. Just last week, Google pulled out of the running for the Pentagon’s $10 billion, 10-year JEDI cloud contract, but Bezos suggested that he was…
[ad_1] (Reuters) – Qualcomm Inc and the U.S. Federal Trade Commission on Monday asked a federal judge to delay a preliminary ruling in an antitrust case U.S. regulators brought against the mobile chip firm in order to pursue settlement talks. The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world’s biggest software company, died on Monday at the age of 65, his family said. Allen left Microsoft in 1983, before the company became a corporate juggernaut, following a…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) co-founder Paul Allen, who had been suffering from non-Hodgkin’s lymphoma, a form of cancer, passed away at the age of 65 on Monday, his family said. Seattle Seahawks owner and Microsoft co-founder Paul Allen takes a photo prior to ringing the opening bell at the New York Stock Exchange…
[ad_1] (Reuters) – Cloud communications provider Twilio Inc said on Monday it would buy email technology firm SendGrid Inc in an all-stock deal valued at about $2 billion. A banner for communications software provider Twilio Inc., hangs on the facade of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York…
[ad_1] Canada is open to doing more business with China now that a trading agreement with the United States and Mexico has been finalized, says Prime Minister Justin Trudeau. “Obviously, China is the world’s second-largest economy and growing, and will remain an important place to do business and to look for opportunity,” Trudeau told the…
[ad_1] Twilio, the ubiquitous communications platform, today announced its plan to acquire the API-centric email platform SendGrid for about $2 billion in an all-stock transaction. That’s Twilio’s largest acquisition to date, but also one that makes a lot of sense given that both companies aim to make building communications platforms easier for developers. “The two…
[ad_1] WASHINGTON (Reuters) – Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter. FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo After…
[ad_1] (Reuters) – Cloud communications provider Twilio Inc said on Monday it would buy bulk email sender SendGrid Inc in an all-stock deal valued at about $2 billion. A banner for communications software provider Twilio Inc., hangs on the facade of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York…
[ad_1] (Reuters) – Cloud communications provider Twilio Inc said on Monday it would buy email marketing provider SendGrid Inc in an all-stock deal valued at about $2 billion. A banner for communications software provider Twilio Inc., hangs on the facade of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York…
[ad_1] (Reuters) – U.S. stocks ended lower in a choppy trading session on Monday as technology stocks were pressured by lingering worries over interest rates and corporate earnings. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 12, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial Average .DJI…
[ad_1] A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans. The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated…
[ad_1] NEW YORK (Reuters) – Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as well as gold. Oil prices were little changed as the Saudi-West rift…
[ad_1] (Reuters) – A drop in technology stocks on Monday kept pressure on Wall Street and led the Nasdaq lower, but the S&P 500 and Dow Jones Industrial Average eked out slim gains as defensive sectors rose, while traders also pointed to technical support. Traders work on the floor of the New York Stock Exchange…
[ad_1] Statistics Canada says Canadian businesses reported spending $14 billion on cybersecurity in 2017 as they confront greater risks in the digital world. The survey finds that more than one in five companies said they were impacted by a cyberattack last year, with large businesses more than twice as likely as small ones to be apparent…
[ad_1] The Canadian Real Estate Association says home sales in September fell 0.4 per cent compared with August. The association says it was the first month-over-month decline since April. Sales fell in slightly more than half of all local markets, led by Vancouver Island and Edmonton, along with several markets in Ontario’s Greater Golden Horseshoe…
[ad_1] Canada’s main stock index was trading up slightly in mid-morning as gold and cannabis stocks traded up, while U.S. markets were mixed as technology stocks traded lower. The S&P/TSX composite index was up 14.75 points at 15,429.04. The Canadian dollar traded up about a quarter of a cent at 77.04 cents US compared with an…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. But other details of the report from the Commerce Department on Monday were upbeat and suggested that consumer spending ended the…
[ad_1] ORLANDO, Florida (Reuters) – Aerion Supersonic, the developer of a $120 million supersonic business jet, said on Monday it would be able to take off and land without regulatory changes in the United States in a potential boost to efforts to bring back faster air travel. A logo of supersonic jet maker Aerion Corporation…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. The inside of the Gadsden Mall is pictured in Gadsden, Alabama, U.S., December 10, 2017. REUTERS/Carlo Allegri But other details of…
[ad_1] (Reuters) – U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] BERLIN (Reuters) – Germany’s Transport Ministry said on Monday that roughly 100,000 Opel vehicles were to be recalled shortly after a further manipulation of diesel emissions by exhaust management software was discovered. An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski “After a fifth defeat device was discovered in early…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. Walmart department manager Karren Gomes helps stock shelves with school supplies as the retail store prepare for back to school shoppers…
[ad_1] Celonis has been helping companies analyze and improve their internal processes using machine learning. Today the company announced it was providing that same solution as a cloud service with a few nifty improvements you won’t find on prem. The new approach, called Celonis Intelligent Business Cloud, allows customers to analyze a workflow, find inefficiencies…
[ad_1] LONDON (Reuters) – World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt,…
[ad_1] FRANKFURT (Reuters) – German prosecutors searched German sites of carmaker Opel, a division of PSA Group (PEUP.PA), in Ruesselsheim and Kaiserslautern on Monday as part of a probe into diesel exhaust emissions. FILE PHOTO: An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski/File Photo Criminal authorities are probing 95,000 vehicles…
[ad_1] (Reuters) – Activist investor Carl Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, as he looks to block a proposed plan by the computer maker to return to the public market without an IPO. August 18, 2017: Carl Icahn, special adviser to President Donald Trump. REUTERS/Brendan McDermid Dell Technologies…
[ad_1] Truphone — a UK startup that provides global mobile voice and data services by way of an eSIM model for phones, tablets and IoT devices — said that it has raised another £18 million ($23.7 million) in funding; plus it said it has secured £36 million ($47 million) more “on a conditional basis” to…
[ad_1] (Reuters) – Activist investor Carl Icahn reported an 8.3 percent stake in Dell tracking stock on Monday, and urged investors to vote against a proposed buyback by Dell Technologies of shares tied to its interest in software company VMware Inc. August 18, 2017: Carl Icahn, special adviser to President Donald Trump. REUTERS/Brendan McDermid Dell…
[ad_1] FRANKFURT (Reuters) – German prosecutors and criminal investigators searched Opel sites in Ruesselsheim and Kaiserslautern as part of a probe into diesel exhaust emissions, German daily Bild said on Monday. FILE PHOTO: An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski/File Photo Authorities are probing 95,000 vehicles to see whether…
[ad_1] BRUSSELS (Reuters) – Walt Disney (DIS.N) has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets, the European Commission said on Monday. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the…
[ad_1] CHENNAI/NEW DELHI (Reuters) – Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Workers listen to a speaker during a protest demanding higher pay and…
[ad_1] BEIJING (Reuters) – Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas tree lighting will join thousands of other companies peddling their wares at China’s largest trade fair Monday. Many of those exporters will have something in common – uncertainty over future U.S. orders as a…
[ad_1] A single federal law legalized recreational cannabis in Canada. But a patchwork of rules and regulations govern how you will be able to buy and consume pot. Some provinces will allow private retailers to sell pot, others are government controlled monopolies. B.C. will have just one government-run pot store up and running in time…
[ad_1] (Reuters) – Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping. FILE PHOTO: A store closing sale sign is posted next to…
[ad_1] TOKYO (Reuters) – Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. People walk past an electronic board showing Japan’s Nikkei average (top R) and Japanese yen’s exchange rate…
[ad_1] SEOUL (Reuters) – Korean Air Lines Co Ltd (003490.KS) Chairman Cho Yang-ho was indicted on Monday on charges including embezzlement and breach of trust, South Korean prosecutors said, adding to a string of woes at the country’s biggest airline group. FILE PHOTO: Korean Air Lines Chairman Cho Yang-ho arrives at a court in Seoul,…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) saw its shares drop on Monday as fallout from the disappearance of a Saudi journalist spread to the Japanese conglomerate, whose nearly $100 billion Vision Fund is almost half financed by Saudi Arabia. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017…
[ad_1] NEW YORK (Reuters) – A sharp pullback in stocks last week, including the S&P 500’s .SPX biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] TOKYO (Reuters) – Higher U.S. tariffs on Japanese car exports are less likely now the two nations agreed to start new trade talks, economists said, but most think U.S. trade friction with China and other economies will have a significant impact on Japan. FILE PHOTO: Cars are parked to prepare for export at a…
[ad_1] TOKYO (Reuters) – Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. A man in a business building is reflected on an electronic stock quotation board outside a brokerage…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) shares tumbled 5.5 percent on Monday, hurt by worries over its ties to Saudi Arabia as well as a broader market sell-off. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Saudi Arabia,…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) shares tumbled 5.3 percent on Monday, hurt by worries over its ties to Saudi Arabia as well as a broader market sell-off. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Saudi Arabia,…
[ad_1] (Reuters) – Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said. FILE PHOTO: A store closing sale…
[ad_1] NEW YORK (Reuters) – JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. Ford Executive Chairman Bill Ford poses…
[ad_1] TOKYO (Reuters) – Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. A man in a business building is reflected on an electronic stock quotation board outside a brokerage…
[ad_1] There’s a reason telecom customers are often frustrated when they deal with a call centre — employees are penalized if they reduce or cancel a customer’s services, so some try all kinds of tactics to avoid doing that. “It was brutal,” says Jason Harley, who worked as a Rogers sales rep at a Kitchener, Ont., call…
[ad_1] NEW YORK (Reuters) – Barclays Plc (BARC.L) is launching a retail account that will offer U.S. consumers a low-cost, digital-only bank with the backing of a major financial institution, the Financial Times reported on Sunday. FILE PHOTO – The logo of Barclays bank is seen on glass lamps outside of a branch of the…
[ad_1] (Reuters) – Apple Inc has acquired music analytics start-up Asaii, Axios reported on Sunday, citing sources, in a bid to strengthen content recommendations to its music users. FILE PHOTO – A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China July 30,…
[ad_1] NEW YORK (Reuters) – Ford Motor Co (F.N) Chairman Bill Ford canceled a multi-stop trip to the Middle East, including a planned appearance at a Saudi investment conference, the company said on Sunday, the latest such cancellation after the disappearance of Saudi journalist Jamal Khashoggi. Ford Executive Chairman Bill Ford poses next to a…
[ad_1] ORLANDO, Fla. (Reuters) – Embraer SA (EMBR3.SA) is adding two longer-range business jet variants to its mid-sized Legacy line, featuring revamped cabins and technology that reduces turbulence to create smoother flights, the Brazilian plane maker said on Sunday. FILE PHOTO: Embraer business jet plane, the New Praetor 600 Bossa Nova Edition, is seen in…
[ad_1] ORLANDO, Fla. (Reuters) – Embraer SA (EMBR3.SA) is adding two longer-range business jet variants to its mid-sized Legacy line featuring revamped cabins and technology that reduces turbulence to create smoother flights, the Brazilian plane maker said on Sunday. FILE PHOTO: Embraer business jet plane, the New Praetor 600 Bossa Nova Edition, is seen in…
[ad_1] A number of international business leaders and media companies are distancing themselves from Saudi Arabia ahead of an investment summit in the kingdom later this month. The pullback from projects with the Saudi government or attendance at the three-day event that begins Oct. 23 in Riyadh follows the disappearance of a Saudi journalist, Washington…
[ad_1] ABU DHABI (Reuters) – Indian airline IndiGo on Sunday said wide-bodied aircraft are an “aspiration” and talks with manufacturers are ongoing but there is no firm timeline amid difficult market conditions in the Indian market. FILE PHOTO: A logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse,…
[ad_1] The Saudi stock market plunged Sunday after President Donald Trump threatened “severe punishment” over the disappearance of Washington Post contributor Jamal Khashoggi. The Tadawul exchange in Riyadh dropped over 6 per cent in the week’s first day of trading, with 182 of its 186 listed stocks showing losses by the early afternoon. The disappearance…
[ad_1] At the Hyasynth Biologicals laboratory in Montreal, scientists are working on the latest frontier in the cannabis business: genetically engineering the active ingredients in marijuana and then patenting them. Hyasynth is part of a new wave of genetic engineering firms across Canada and the U.S., splicing and dicing molecules found in cannabis plants, hoping…
[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. Got (Canadian) milk? The latest trade deal allowing more U.S. milk to pour into Canada has sparked a rallying cry to buy Canadian dairy. The Canadian government has said farmers will…
[ad_1] NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp NAFTA. United States Secretary of the Treasury Steven Mnuchin speaks during an…
[ad_1] NUSA DUA, Indonesia (Reuters) – The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau arrives at the Petruzzelli Theatre during a G7…
[ad_1] NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday Washington would like to include a provision to deter currency manipulation in future trade deals, including with Japan. United States Secretary of the Treasury Steven Mnuchin speaks during an interview with Reuters at the International Monetary Fund – World Bank Annual…
[ad_1] NUSA DUA, Indonesia (Reuters) – The European Central Bank can set its own monetary policy independently of the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau arrives at the Petruzzelli Theatre during a G7 for Financial ministers in the…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement. Mexico’s Foreign Minister Luis Videgaray gives a speech to senators…
[ad_1] Deciem stores that had been shuttered for several days reopened on Saturday, after the founder of the so-called “The Abnormal Beauty Company” was ousted by an Ontario court ruling. The stores were closed last week by decree of then-chief executive Brandon Truaxe, who announced on Instagram that all Deciem operations would be shutting down…
[ad_1] NUSA DUA, Indonesia (Reuters) – There is a diminishing chance for the escalation of the trade conflict between the world’s two biggest economies, China and the United States, the president of Germany’s central bank said on Saturday. FILE PHOTO: German Bundesbank President Jens Weidmann is pictured Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski/File Photo…
[ad_1] NUSA DUA, Indonesia (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were “basically good” for the world economy, shrugging off concerns that higher U.S. rates could hurt Asian economies by triggering capital outflows. FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks…
[ad_1] NUSA DUA, Indonesia (Reuters) – As the euro zone sovereign debt crisis petered out, European officials at annual meetings of the International Monetary Fund were happy to move out of the spotlight over recent years. Europe was not in the eye of the storm. FILE PHOTO: A participant attends plenary session at the International…
[ad_1] NUSA DUA, Indonesia (Reuters) – Fitch Ratings has maintained its stable credit outlook for all Asian countries, except Pakistan, despite expecting some “dampening effect” in the region due to the U.S.-China trade tensions, senior ratings analysts said on Saturday. IMF Managing Director Christine Lagarde attends a news conference during International Monetary Fund – World…
[ad_1] NUSA DUA, Indonesia (Reuters) – Standard Chartered Plc (STAN.L) is “actively working” on options for its stake in Indonesia’s PT Bank Permata tbk (BNLI.JK), the British lender’s Chief Executive Bill Winters said on Saturday. FILE PHOTO: People pass by the logo of Standard Chartered plc at the SIBOS banking and financial conference in Toronto,…
[ad_1] NUSA DUA, Indonesia/FRANKFURT (Reuters) – Central bankers from the United States to Europe are coming under pressure from their governments to loosen their purse strings again as a decade of accelerating economic growth and booming markets fueled by cheap cash comes to an end. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen,…
[ad_1] NUSA DUA, Indonesia (Reuters) – The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global growth. IMF Managing Director…
[ad_1] When the Trudeau government agreed to a revised North American free trade deal, the Americans said Canada also agreed to something else: joining Donald Trump’s trade war on China. “The continent as a whole now stands united against what I’m going to call unfair trading practices,” Trump’s National Economic Council director Larry Kudlow said the day after the…
[ad_1] WASHINGTON (Reuters) – Alphabet Inc’s (GOOGL.O) Google unit has told U.S. lawmakers it was considering “a variety of options” to offer additional services in China, but declined to detail plans for addressing Chinese censorship. FILE PHOTO: A Google logo is displayed at the entrance to the internet-based company’s offices in Toronto, Ontario, Canada, September…
[ad_1] NEW YORK (Reuters) – Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again. Golden, who says wagers on market calm earned him millions in the past six years, is among the investors who have kept trading…
[ad_1] NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China’s yuan currency was not in the country’s interest. United States Secretary of the Treasury Steven Mnuchin speaks during an interview with Reuters at the International Monetary Fund – World…
[ad_1] (Reuters) – Chipmaker Broadcom Inc said on Friday it has obtained antitrust clearance from the European Union for its $19-billion deal to acquire software company CA Technologies Inc. A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake Broadcom had on Wednesday…
[ad_1] NEW YORK (Reuters) – Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains. Wall Street snapped a six-day losing streak as investors looked for bargains even as worries about U.S.-China trade tensions lingered.…
[ad_1] (Reuters) – The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar/File Photo…
[ad_1] NEW YORK (Reuters) – The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index .SPLRCL as its highest fliers face regulatory threats and challenges to user growth. FILE PHOTO: The floor of the NYSE stands ready for the Twitter Inc. IPO in 2013.…
[ad_1] BRUSSELS (Reuters) – Brussels, the political heart of Europe, could prove the center of global market focus next week as Italy’s budget and Brexit talks overshadow economic data and central banks. The Italian national flag flutters atop of the Quirinale presidential palace in Rome June 26, 2013. REUTERS/Max Rossi World shares were on course…
[ad_1] NEW YORK (Reuters) – Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue. Banks benefited from strong loan demand in the latest quarter, with lending rates rising faster than funding costs, stock…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016.…
[ad_1] (Reuters) – Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc (FB.O) announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported. The company said it would…
[ad_1] BRUSSELS (Reuters) – Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces’ use of merchants’ data to boost sales of own brand products. FILE PHOTO: The logo of Amazon is seen at the company’s logistics centre in Boves, France, August…
[ad_1] WASHINGTON (Reuters) – Major U.S. defense contractors have expressed concern to the Trump administration that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further arms deals with Saudi Arabia, a senior U.S. official told Reuters on Friday. FILE PHOTO: U.S. President Donald Trump holds a chart of military hardware…
[ad_1] The National Energy Board has laid out next steps for a review of the Trans Mountain pipeline expansion project’s effects on the marine environment, and has given 99 stakeholders tight deadlines to make their submissions. The federal pipeline regulator is giving the company and key federal government departments until the end of the month…
[ad_1] Whoa, what was that? After months of relative calm, North American stock markets have been jolted by a sudden run of turbulent trading. After the holiday Monday, the S&P 500/TSX composite opened at 15,891.25 and closed the week Friday at 15,421.86, or about 3 per cent. The swoon wiped more than 1,300 points from the Dow Jones…
[ad_1] NEW YORK (Reuters) – The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season. Even the hard-hit S&P500 energy and financial sectors managed to close the session with…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) has acquired online lingerie retailer Bare Necessities for an undisclosed amount, the company said on Friday, as it works to boost its competitive standing in U.S. e-commerce and appeal to younger shoppers. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike Blake/File…
[ad_1] You might think that Anaplan CEO, Frank Calderoni would have had a few sleepless nights this week. His company picked a bad week to go public as market instability rocked tech stocks. Still he wasn’t worried, and today the company had by any measure a successful debut with the stock soaring up over 42…
[ad_1] Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday. The plans, which remained in flux on Friday afternoon, would leave the fate…
[ad_1] SAN FRANCISCO (Reuters) – As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500’s .SPX components in correction territory, or worse. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that producers are losing money on every barrel sold into the spot market. Analyst Matt Murphy of Tudor Pickering Holt & Co. says recent headlines have been focused on the falling value of the Western Canada Select price,…
[ad_1] Licensed cannabis producer Aphria Inc. warned on Friday of product shortages in both brick-and-mortar stores and online sales portals across the country when recreational pot is legalized in a few days. There are “supply chain issues abounding everywhere with every LP,” said Aphria’s chief executive Vic Neufeld told analysts. “There will not be any…
[ad_1] The founder of Deciem, the self-professed “Abnormal Beauty Company,” saw his reign at the Toronto cosmetics brand come to an unusual end on Friday — at least for now. Brandon Truaxe was ousted from his role as the company’s chief executive and board member on an interim basis after a judge approved an Ontario…
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Friday that attackers in the mass security breach it announced late last month accessed the accounts of about 30 million people in total and stole name and contact details for 29 million. Figurines are seen in front of the Facebook logo in this illustration taken March 20,…
[ad_1] Licensed cannabis producer Aphria Inc. warned on Friday of product shortages in both brick-and-mortar stores and online sales portals across the country when recreational pot is legalized in a few days. There are “supply chain issues abounding everywhere with every LP,” said Aphria’s chief executive Vic Neufeld told analysts. “There will not be any…
[ad_1] (Reuters) – Wall Street climbed more than 1 percent on Friday following its worst two-day slide in eight months, with technology and other high-growth stocks leading a fight back. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid Ten of the 11…
[ad_1] (Reuters) – Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar//File Photo Investors have…
[ad_1] IBM announced yesterday that it has filed a formal protest with the U.S. Government Accountability Office over the structure of the Pentagon’s winner-take-all $10 billion, 10-year JEDI cloud contract. The protest came just a day before the bidding process is scheduled to close. As IBM put it in a blog post, they took issues…
[ad_1] North American stock markets shot higher in early trading, regaining some of the steep losses from earlier this week. The S&P/TSX composite index was up 107.19 points at 15,424.32, shortly after the trading day began. In New York, the Dow Jones industrial average was up 364.52 points at 25,417.35. The S&P 500 index was…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) posted a 32 percent jump in quarterly profit on Friday, as the bank gave out more personal and automobile loans, and made headway in its cost-cutting plan. FILE PHOTO: The sign outside the Wells Fargo & Co. bank in downtown Denver, Colorado, U.S., April 13, 2016. REUTERS/Rick…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) posted a quarterly profit that fell short of analysts’ estimates on Friday, as a $13 billion drop in new mortgage borrowing offset the bank’s efforts to cut costs. FILE PHOTO: The sign outside the Wells Fargo & Co. bank in downtown Denver, Colorado, U.S., April 13, 2016.…
[ad_1] BERLIN (Reuters) – The German government is committed to introducing tougher sanctions against companies that foster criminal behavior in the wake of Volkswagen’s (VOWG_p.DE) diesel emissions scandal, the country’s justice minister said. A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo In an interview published in…
[ad_1] (Reuters) – JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue. FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S.,…
[ad_1] LONDON (Reuters) – Shares worldwide were set for their biggest daily gains in nearly a month on Friday as European and Asian markets recovered from a days-long sell-off that left them set for their worst week since February. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan,…
[ad_1] (Reuters) – JPMorgan Chase & Co (JPM.N) reported higher-than-expected quarterly profit on Friday as gains from higher interest rates and a growth in loans helped the bank offset weakness in bond trading revenue. FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York,…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp has chosen five investment banks, including units of Nomura Holdings Inc and Goldman Sachs, as lead underwriters for the mammoth initial public offering of its mobile-phone unit, a person with direct knowledge of the matter said on Friday. FILE PHOTO : A man talks on the phone as…
[ad_1] LONDON (Reuters) – Britain’s Royal Bank of Scotland (RBS.L) on Friday paid its first dividend in a decade, returning 2 pence per share to around 190,000 shareholders who haven’t seen a payout since RBS’s government bailout in 2008. A person walks past a branch of RBS bank in Nottingham, Britain, December 1, 2017. REUTERS/Hannah…
[ad_1] BERLIN (Reuters) – The government welcomes German automakers’ moves towards making concrete offers of discount trade-ins to owners of older, dirtier diesel vehicles, adding that these latest moves had been precisely what Chancellor Angela Merkel had been expecting. FILE PHOTO: A fuel tank cap of a diesel car is pictured in Berlin, Germany, October…
[ad_1] LONDON (Reuters) – Canada’s Air Transat (TRZ.TO) could expand a partnership deal with the airline arm of British tourism group Thomas Cook (TCG.L) to include codesharing and interlining, the boss of the Canadian carrier said. FILE PHOTO: An Airbus A330-200 aircraft of Air Transat airlines takes off in Colomiers near Toulouse, France, July 10,…
[ad_1] (Reuters) – Electric carmaker Tesla Inc said orders for cars placed by Oct. 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year. FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond,…
[ad_1] Tractor-trailers can measure up to 23 metres long, carry 30-tonne loads and barrel down the highway at 120 km/h, but in some provinces you need more training to give a haircut than to haul freight. A hidden-camera investigation by CBC’s Marketplace reveals how Canada’s patchwork training and testing system leaves some new truck drivers…
[ad_1] (Reuters) – Electric carmaker Tesla Inc said all orders for its vehicles placed by Oct. 15 are eligible for full federal tax credit of $7,500 and such customers will get their cars delivered by the end of the year. FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond,…
[ad_1] SINGAPORE (Reuters) – Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw its shares crumble to near 4 year lows. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] MEXICO CITY (Reuters) – Stroll the aisles of any Oxxo in Mexico and you will find the staples of convenience store sustenance: beer, cigarettes, enough candy to keep dentists at full employment. FILE PHOTO – An Oxxo convenience store attracts late night customers in Mexico City, July 30, 2003.REUTERS/Henry Romero/HR Look closer and you…
[ad_1] (Reuters) – Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. FILE PHOTO: Store closing signs advertising discounts at a Sears in New Hyde Park, New York, U.S., Oct. 10, 2018. REUTERS/Shannon Stapleton/File Photo Her local Sears in Wilmington, Delaware, the…
[ad_1] HONG KONG (Reuters) – Tencent Music Entertainment has delayed its planned U.S. initial public offering (IPO) until at least November as the owner of China’s most popular music apps prefers to wait for global stock markets to stabilize, three sources said. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference…
[ad_1] SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker said on Thursday it would increase…
[ad_1] SYDNEY (Reuters) – Australia and New Zealand Banking Group (ANZ.AX) fired over 200 staff for wrongdoing, including senior executives, due in part to issues raised at a public inquiry into financial sector misconduct, ANZ Chief Executive Shayne Elliott said on Friday. CEO of ANZ Shayne Elliott speaks during a hearing of the House Economics…
[ad_1] TOKYO (Reuters) – Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall. FILE PHOTO: An oil and gas drilling platform stands offshore in the…
[ad_1] SINGAPORE (Reuters) – Asian shares appeared tentative on Friday, holding steady after a nine-day losing streak, but sentiment was frail after Wall Street shares crumbled and expectations of market volatility shot up to an eight-month high. A man in a business building is reflected on an electronic stock quotation board outside a brokerage in…
[ad_1] TOKYO (Reuters) – Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week. FILE PHOTO: An oil and gas drilling platform stands offshore in…
[ad_1] SYDNEY (Reuters) – Australia and New Zealand Banking Group (ANZ.AX) fired over 200 staff for wrongdoing, including senior executives, due in part to issues raised at a public inquiry into financial sector misconduct, ANZ Chief Executive Shayne Elliott said on Friday. FILE PHOTO: A pedestrian is reflected in the window of a branch of…
[ad_1] NEW YORK (Reuters) – The market’s quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid The benchmark U.S. S&P 500…
[ad_1] NEW YORK (Reuters) – Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid The benchmark U.S. S&P 500 stock…
[ad_1] (Advisory: Note language in paragraph 5) FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner logo in this picture illustration taken June 13, 2018. REUTERS/Dado Ruvic/File Photo By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department’s top antitrust lawyer said Time Warner’s general counsel threatened to “employ personal…
[ad_1] OTTAWA (Reuters) – Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. A worker walks by rolled up steel sits in the ArcelorMittal Dofasco…
[ad_1] (Reuters) – Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff. In its sixth consecutive day of declines, the S&P closed down 2.1 percent after shedding 3…
[ad_1] Canada’s main stock index hit a six-month low Thursday while U.S. stock markets suffered another sell-off day as investors are pricing in political and trade uncertainties they’ve long overlooked. The result is they have now woken up to issues that have existed for the last six to 12 months, says Kash Pashootan, CEO and…
[ad_1] NEW YORK (Reuters) – Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates. The Nasdaq flirted with correction territory, sliding as much as…
[ad_1] The federal government is introducing new safeguard measures in an effort to respond to the risk of a surge of cheap foreign steel imports. Beginning Oct. 25, imports of seven steel products will be subject to a 25 per cent surtax when the level of those imports exceeds historical norms, according to a release…
[ad_1] WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration on Thursday said it was moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes. Vehicles drive on the new eastern span of the San Francisco-Oakland Bay bridge in San…
[ad_1] (Reuters) – Wall Street indexes extended their decline on Thursday as volatility spiked and investors shunned risky investments, and Nasdaq looked like it could confirm a correction. By late afternoon the S&P was down another 2 percent after shedding 3 percent in the previous day’s session and Nasdaq was down as much as 10.3…
[ad_1] Business leaders and the provincial government are hailing the sale of three coastal pulp and paper mills as a win for the 1,500 workers employed there. British Columbia-based Catalyst Paper Corp. has reached an agreement to sell three coastal mills to Paper Excellence Canada of Richmond, B.C. They are located at Crofton and Port Alberni on Vancouver Island and Powell River on…
[ad_1] A lawsuit by business magnate Frank Stronach that seeks $520 million in compensation and damages against his daughter, two grandchildren and others has laid bare a two-year-old dispute about control and direction of the family firm. Stronach, who created Magna International and built it into a global auto-parts giant, alleges in the lawsuit filed in…
[ad_1] The Ontario Real Estate Association is making more than three dozen recommendations to the provincial government on how it should update the rules governing realtors, including allowing for a more open bidding process for buyers and sellers. In a report Thursday, the group says the Real Estate and Business Brokers Act (REBBA), which was…
[ad_1] Some Canadians will be able to get Slurpees, condoms, medicine and ice cream delivered to them at the touch of a button. Berlin-based food delivery app Foodora launched an offering Thursday that will allow customers to order products from convenience store chain 7-Eleven in Toronto, Vancouver, Calgary and Edmonton. The partnership will make use…
[ad_1] U.S. Customs and Border Protection says Canadian citizens working in the cannabis industry should be able to enter the U.S. for reasons unrelated to the marijuana industry. The agency updated its website Tuesday, providing a measure of clarity after a vague statement last month left the industry and investors facing uncertainty about travel of…
[ad_1] Lawyers for Estée Lauder were in a Toronto court today trying to kick out the founder of a small Canadian cosmetics company they bought a stake in last year, the latest twist in the dizzying saga of one of the fastest growing names in beauty products. The fashion and beauty conglomerate was seeking an…
[ad_1] New Relic, a provider of analytics and monitoring around a company’s internal and external facing apps and services to help optimise their performance, is making an acquisition today as it continues to expand a newer area of its business, containers and microservices. The company has announced that it has purchased CoScale, a provider of…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer’s businesses and real estate once it files for bankruptcy as an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday. FILE PHOTO: A store closing sale sign…
[ad_1] BERLIN (Reuters) – Puma (PUMG.DE) is launching a campaign to mark the 50th anniversary of U.S. sprinter Tommie Smith’s black-gloved salute at the 1968 Olympics, shortly after rival Nike scored a hit with an ad featuring a modern-day activist for racial equality. FILE PHOTO: The logo of German sports goods firm Puma is seen…
[ad_1] (Reuters) – U.S. stocks steadied slightly after their worst day in eight months on Thursday as a smaller-than-expected rise in consumer prices suggested inflationary pressures were easing, weakening the case for an aggressive campaign of further interest rate rises. A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficits. FILE PHOTO – U.S. President Donald Trump looks on as Jerome Powell, his…
[ad_1] Zuora, the SaaS company helping organizations manage payments for subscription businesses, announced today that it had been selected as a Premier Partner in the Amazon Pay Global Partner Program. The “Premier Partner” distinction means businesses using Zuora’s billing platform can now easily integrate Amazon’s digital payment system as an option during checkout or recurring…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days. FILE PHOTO: Store closing signs advertising discounts at a Sears in New Hyde Park, New York, U.S.,…
[ad_1] LONDON (Reuters) – European stocks slumped to a 21-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that also hit Asia and emerging markets. Losses in London .FTSE, Paris .FCHI and Milan .FTMIB were at nearly 2 percent ahead of what looked set to be…
[ad_1] NEW YORK (Reuters) – For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid Back in late January and early February, there was a 10 percent correction…
[ad_1] It’s a busy week for news from Google Cloud, which is hosting its Next event in London. Today, the company used the event to launch a number of new networking features. The marquee launch today is Cloud NAT, a new service that makes it easier for developers to build cloud-based services that don’t have public…
[ad_1] SAN FRANCISCO/FRANKFURT (Reuters) – The prospect of a fresh trial that could overturn $250 million damages against Bayer’s (BAYGn.DE) Monsanto unit lifted the German company’s shares, after an August ruling that it failed to warn users of the alleged cancer risks of its weedkillers. FILE PHOTO: Monsanto’s Roundup weedkiller atomizers are displayed for sale…
[ad_1] When Snowflake, the cloud data warehouse, landed a $263 million investment earlier this year, CEO Bob Muglia speculated that it would be the last money his company would need before an eventual IPO. But just 9 months after that statement, the company announced a second even larger round. This time it’s getting $450 million,…
[ad_1] (Reuters) – Delta Air Lines (DAL.N) reported a third-quarter profit that beat analysts’ estimates on Thursday as a strengthening U.S. economy spurred demand for air travel, helping the airline raise ticket prices. FILE PHOTO: A Delta Airlines flight is pushed put of its gate at the airport in Salt Lake City, Utah, U.S., January…
[ad_1] Over the course of the last year, Google has launched a number of services that bring to other companies the same BeyondCorp model for managing access to a company’s apps and data without a VPN that it uses internally. Google’s flagship product for this is Cloud Identity, which is essentially Google’s BeyondCorp, but packaged…
[ad_1] SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) said it will take control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker will boost its stake in its…
[ad_1] Google is playing catch-up in the cloud, and as such it wants to provide flexibility to differentiate itself from AWS and Microsoft. Today, the company announced a couple of new options to help separate it from the cloud storage pack. Storage may seem stodgy, but it’s a primary building block for many cloud applications.…
[ad_1] LONDON (Reuters) – Britain’s competition watchdog will investigate a partnership between British Airways and other airlines on transatlantic routes ahead of the 2020 expiry of a previous deal, the regulator said on Thursday. FILE PHOTO: A British Airways Embraer ERJ-190SR jet taxis at City Airport in London, Britain, September 3, 2018. REUTERS/Hannah McKay/File Photo…
[ad_1] It’s been about two years since Google acquired API management service Apigee. Today, the company is announcing new extensions that make it easier to integrate the service with a number of Google Cloud services, as well as the general availability of the company’s API monitoring solution. Apigee API monitoring allows operations teams to get…
[ad_1] LONDON (Reuters) – European stocks slumped to a more than an 18-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that knocked over Asia too. A man is seen behind an electronic board displaying the Nikkei average and Japanese yen rate againt the U.S. dollar…
[ad_1] You thought Google+ was dead, didn’t you? And it is — if you’re a consumer. But the business version of Google’s social network will live on for the foreseeable future — and it’s getting a bunch of new features today. Google+ for G Suite isn’t all that different from the Google+ for consumers, but its…
[ad_1] JOHANNESBURG (Reuters) – Steinhoff’s (SNHJ.J) shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed. FILE PHOTO – Steinhoff’s former Chief Executive Markus Jooste…
[ad_1] JOHANNESBURG (Reuters) – Steinhoff’s (SNHJ.J) shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed. FILE PHOTO – Steinhoff’s former Chief Executive Markus Jooste appears in parliament to face a panel…
[ad_1] SAN FRANCISCO/FRANKFURT (Reuters) – Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc’s business in a $600 million deal, the two companies said on Thursday, expanding the iPhone maker’s chip operations in Europe. A customer stands underneath an illuminated Apple logo as he looks out the window of the…
[ad_1] BERLIN (Reuters) – Ministers from Chancellor Angela Merkel’s conservatives attacked on Thursday a proposal by the Social Democrats to fine carmakers who fail to offer diesel hardware retrofits, opening a new battle front in their fragile coalition government. German Economic Affairs and Energy Federal Minister Peter Altmaier addresses the media in Berlin, Germany, July…
[ad_1] SYDNEY/SHANGHAI (Reuters) – Share markets in Asia plunged to a 19-month low on Thursday after Wall Street’s worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising dollar yields. A man is seen behind an electronic…
[ad_1] BERLIN (Reuters) – German Economy Minister Peter Altmaier said on Thursday the government could run the risk of breaking the law if it imposed fines on carmakers who fail to offer diesel hardware retrofits. German Economic Affairs and Energy Federal Minister Peter Altmaier addresses the media in Berlin, Germany, July 17, 2018. REUTERS/Fabrizio Bensch…
[ad_1] WASHINGTON (Reuters) – Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co (WFC.N) has been expanding its presence in the nation’s capital to convince lawmakers it has changed and talking up its charitable work in their districts. A Wells Fargo logo is seen in New York…
[ad_1] SYDNEY/SHANGHAI (Reuters) – Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. A man is seen behind an electronic board displaying the Nikkei average and Japanese yen rate…
[ad_1] SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. FILE PHOTO – The BMW logo is seen…
[ad_1] An Ontario business magnate is suing his daughter, two grandchildren and others for allegedly mismanaging the family’s assets and trust funds. Frank Stronach, the man who started the auto-parts business Magna International, and his wife Elfriede have launched the lawsuit in Ontario Superior Court and say they have done so as a last resort.…
[ad_1] SAN FRANCISCO/BOSTON (Reuters) – Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, “This is incorrect.” News Corp Deputy Chief Operating Officer James Murdoch attends the…
[ad_1] SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) said it will take majority control of its main China joint venture for $4.2 billion, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. FILE PHOTO – The BMW logo is seen on the second…
[ad_1] SYDNEY (Reuters) – Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] SYDNEY (Reuters) – Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. 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) – Bayer AG’s (BAYGn.DE) Monsanto unit received a tentative ruling for a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, caused his cancer. FILE PHOTO: Monsanto’s Roundup weedkiller atomizers are displayed for sale at…
[ad_1] SINGAPORE (Reuters) – Singapore Airlines Ltd (SIAL.SI) is poised for a major boost to its U.S. footprint from Thursday evening as it resumes, after five years, the world’s longest commercial flight – a near-19 hour non-stop from Singapore to New York. Singapore Airlines planes are pictured on the tarmac at Changi Airport March 28,…
[ad_1] (Reuters) – The deepest one-day selloff in Wall Street stocks in eight months has investors using the market equivalent of a dirty word: “correction”. Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan in New York, U.S., October 10, 2018. REUTERS/Brendan McDermid With traders spooked by rising U.S. Treasury…
[ad_1] NEW YORK (Reuters) – U.S. stock index futures were down slightly late Wednesday after they resumed trading for the overnight session. S&P 500 e-mini futures EScv1 and Nasdaq futures NQcv1 were both down 0.1 percent. During the regular session, the S&P 500 marked its biggest daily percentage fall since Feb. 8 – 3.3 percent…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world’s largest retailer. The bankruptcy filing would end a standoff between Chief Executive Officer Eddie Lampert,…
[ad_1] RIO DE JANEIRO (Reuters) – The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize oil company Petroleo Brasileiro SA (PETR4.SA) in the short term if elected, the president of his party told Reuters on Wednesday. FILE PHOTO: FILE PHOTO: The logo of Brazil’s state-run oil company Petrobras is pictured…
[ad_1] SAN FRANCISCO (Reuters) – Bayer AG’s Monsanto unit was likely to get a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, caused his cancer. FILE PHOTO: Monsanto’s Roundup weedkiller atomizers are displayed for sale at a garden…
[ad_1] NEW YORK (Reuters) – Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid…
[ad_1] The TSX and Dow Jones were sharply lower on Wednesday as fears of higher interest rates to come took the wind out of the sails that have powered stock market returns for years. The Toronto Stock Exchange was off by 250 points or more than 1.5 per cent at one point, the fourth day in a row…
[ad_1] NEW YORK (Reuters) – World equities slid to a three-month low on Wednesday and Wall Street fell more than 2 percent as technology shares tumbled on fears of slowing demand, while rising U.S. bond yields provided competition for high-riding stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] Early-stage venture capital firm Shasta Ventures has brought on three new faces to beef up its enterprise software and security portfolio amid a big push to “go deeper” into cybersecurity, per Shasta’s managing director Doug Pepper. Balaji Yelamanchili (above left), the former general manager and executive vice president of Symantec’s enterprise security business unit, joins…
[ad_1] (Reuters) – Wall Street tumbled on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping risk appetite. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid The S&P 500 and the…
[ad_1] NEW YORK (Reuters) – Third Point LLC warned Campbell Soup Co.’s (CPB.N) board on Wednesday against picking a new chief executive before next month’s annual meeting, where the hedge fund wants to oust all current directors. FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor…
[ad_1] The first three of WestJet’s 10 new long-distance Boeing 787-9 Dreamliners will offer direct international flights between Calgary and Europe, the company announced Wednesday. It marks the official move to being a full-service airline — a far cry from its beginnings as a low-cost domestic airline — but is only the first step in its international…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection in the coming days, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low. FILE PHOTO: A Sears department store is pictured in La…
[ad_1] (Reuters) – Chipmaker Broadcom Inc (AVGO.O) said on Wednesday a faked memo, purportedly from the U.S. Department of Defense, had been circulated among lawmakers calling for a review of its $19 billion acquisition of software company CA Technologies (CA.O). A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine,…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low. FILE PHOTO: A Sears department store is pictured in La…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low. FILE PHOTO: A Sears department store is pictured in La…
[ad_1] Shares in Canadian engineering giant SNC-Lavalin were halted on the Toronto Stock Exchange Wednesday after the company revealed the federal government has decided it won’t let the company settle allegations of foreign bribery out of court. The company has had the legal cloud hanging over its head since 2015, stemming from allegations that some…
[ad_1] PARIS (Reuters) – Robust appetite in the third quarter for Louis Vuitton handbags and other high-end goods sold by LVMH (LVMH.PA) failed to dispel fears of a looming slowdown in Chinese demand on Wednesday, as shares across the sector tumbled. FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance…
[ad_1] Egnyte launched in 2007 just two years after Box, but unlike its enterprise counterpart, which went all-cloud and raised hundreds of millions of dollars, Egnyte saw a different path with a slow and steady growth strategy and a hybrid niche, recognizing that companies were going to keep some content in the cloud and some…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department is expected to approve drug retailer CVS Health Corp’s (CVS.N) deal to buy health insurer Aetna Inc (AET.N) as soon as Wednesday, a source familiar with the review said. FILE PHOTO – Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017.…
[ad_1] Parker Conrad likes to save time, even though it’s gotten him in trouble. The former CEO of Zenefits was pushed out of the $4.5 billion human resources startup because he built a hack that let him and employees get faster insurance certifications. But 2.5 years later, he’s back to take the busy work out…
[ad_1] WASHINGTON (Reuters) – U.S. producer prices increased 0.2 percent in September, reversing an unexpected decline in August and in line with expectations. FILE PHOTO – A woman shops at Walmart as the store prepares for Black Friday in Los Angeles, California November 24, 2014. REUTERS/Jonathan Alcorn A rise in services prices offset a slight…
[ad_1] Front is launching a major revamp today. And it starts with a brand new design. Front is now powered by React for the web and desktop app, which should make it easier to add new features down the road. Front hasn’t pivoted to become something else. At heart, it remains a multiplayer email client.…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) shares lost nearly a third of their value in early trading on Wednesday, after a report said that the beleaguered retailer had hired advisers to prepare for a bankruptcy filing ahead of a debt payment deadline. A Sears department store is seen in Austin, Texas, U.S., January 5,…
[ad_1] NEW YORK (Reuters) – Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday. A small toy figure is…
[ad_1] LONDON (Reuters) – World stocks flatlined on Wednesday just above eight-week lows, curbed by U.S. long-dated borrowing costs near multi-year peaks, renewed fears for the global economy and the possibility of an Italy-EU clash over budget spending. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain,…
[ad_1] LAUSANNE, Switzerland (Reuters) – Switzerland’s highest court ruled on Wednesday that prosecutors cannot extend Swiss banking secrecy rules to all corners of the globe to pursue whistleblowers. Former Swiss private banker Rudolf Elmer (R) arrives with his lawyer Ganden Tethong Blattner before a hearing at the Swiss Federal Supreme Court in Lausanne, Switzerland October…
[ad_1] NUSA DUA, Indonesia (Reuters) – A Chinese finance ministry official said on Wednesday he felt “a little bit more optimistic” on the prospect of breaking an impasse in trade negotiations with Washington, saying both sides are too economically integrated to tolerate a fallout. FILE PHOTO: A staff member walks past U.S. and Chinese flags…
[ad_1] Nvidia, together with partners like IBM, HPE, Oracle, Databricks and others, is launching a new open-source platform for data science and machine learning today. Rapids, as the company is calling it, is all about making it easier for large businesses to use the power of GPUs to quickly analyze massive amounts of data and…
[ad_1] (Reuters) – At least two U.S. states and two European Union member states are investigating a breach at Alphabet Inc’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai,…
[ad_1] LONDON (Reuters) – World stocks inched off eight-week lows on Wednesday as U.S. long-dated borrowing costs held below multi-year peaks, though market gains were checked by fears for global economic growth and the possibility of an Italy-EU clash over budget spending. FILE PHOTO: People walk past the London Stock Exchange Group offices in the…
[ad_1] BERLIN/FRANKFURT (Reuters) – The interim CEO of VW’s (VOWG_p.DE) Audi unit, Bram Schot, laid claim to the top job for the long term, amid uncertainty when a prospective new hire from BMW (BMWG.DE), who has been seen as Audi CEO-designate, can join Volkswagen. FILE PHOTO: Audi board member Bram Schot attends the company’s annual…
[ad_1] The latest trade deal allowing more U.S. milk to pour into Canada has sparked a rallying cry to buy Canadian dairy. The message comes not only from dairy farmers upset over losing market share but also from many Canadian consumers pledging their support on social media. “My heart hurts for the local industry,” said software engineer…
[ad_1] KUALA LUMPUR (Reuters) – Once surreptitiously dumped down drains in the dead of night, Asia’s used cooking oil is fast becoming one of the most sought-after commodities in Europe – as a feedstock for biodiesel. A worker at FatHopes Energy filters the collected used cooking oil to remove impurities at their facility in Shah…
[ad_1] BERLIN (Reuters) – Audi (NSUG.DE) interim CEO, Bram Schot, would be available as Audi’s chief executive in the longer run, he said in an interview with German business monthly manager magazin published on Wednesday. FILE PHOTO: Audi board member Bram Schot attends the company’s annual news conference in Ingolstadt, Germany, March 15, 2018. REUTERS/Michael…
[ad_1] Not too long ago, the Cloud Foundry Foundation was all about Cloud Foundry, the open source platform as a service (PaaS) project that’s now in use by most of the Fortune 500 enterprises. This project is the Cloud Foundry Application Runtime. A year ago, the Foundation also announced the Cloud Foundry Container Runtime that helps…
[ad_1] TOKYO (Reuters) – When Honda Motor Co (7267.T) launched the latest version of its N-Box a year ago, it promoted features on the pint-sized minicar such as error-detecting pedals, automatic emergency braking and moveable seats, part of a push to market the vehicle to young families. Horie Miho drives his minicar after visiting a…
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in discussions to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup. FILE PHOTO: An employee works behind a logo of Softbank Corp at…
[ad_1] SEOUL (Reuters) – A group of companies led by KKR & Co (KKR.N) will invest in an existing real estate project under construction in the Gangnam district of Seoul, South Korea, hoping to cash in on one of the world’s fastest-rising commercial property markets. FILE PHOTO: Trading information for KKR & Co is displayed…
[ad_1] (Reuters) – Debt-laden retailer Sears Holdings Corp (SHLD.O) has hired advisers to prepare for a possible bankruptcy that could come ahead of a debt payment due next week, the Wall Street Journal reported on Tuesday, citing sources. FILE PHOTO: A Sears department store is seen in Austin, Texas, U.S., January 5, 2017. REUTERS/Mohammad Khursheed…
[ad_1] (Reuters) – Risks to the global financial system have risen over the past six months and could increase sharply if pressures in emerging markets escalate or global trade relations deteriorate further, the International Monetary Fund said on Wednesday. IMF Financial Counselor and Director for the Monetary and Capital Markets Department Tobias Adrian talks to…
[ad_1] TOKYO (Reuters) – Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound stayed firm on hopes for a Brexit deal. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October…
[ad_1] SAN FRANCISCO (Reuters) – Amazon.com Inc’s machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. FILE PHOTO: Brochures are available for potential job applicants at “Amazon Jobs Day,” a job fair at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., August 2, 2017. REUTERS/Brian Snyder/File Photo The team…
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in discussions to take a majority stake in shared office space provider WeWork Cos, a source familiar with the matter said, a deal that would increase one of its biggest bets on a late-stage U.S. startup. FILE PHOTO: An employee works behind a…
[ad_1] NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes. The International Monetary Fund cut global economic growth forecasts for 2018 and 2019 and…
[ad_1] TOKYO (Reuters) – Asian shares steadied in early Wednesday trade after world stocks hit eight-week lows the previous day on worries about global economic growth, although the pound stayed firm on hopes for a Brexit deal. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October…
[ad_1] LUXEMBOURG (Reuters) – European Union nations, voicing concern over a U.N. report on global warming, agreed on Tuesday to seek a 35 percent cut in car emissions by 2030, as Germany warned that overly challenging targets risked harming industry and jobs. FILE PHOTO: Cars are seen at Kaiserdamm street, which could be affected by…
[ad_1] NEW YORK (Reuters) – William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp (SBUX.O), betting the world’s biggest coffee chain can overcome stagnant sales in its home market. Ackman’s unveiling of a 1.1 percent stake in Starbucks comes as…
[ad_1] (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in talks to take a majority stake in shared office space provider WeWork Cos, the Wall Street Journal reported on Tuesday, citing people familiar with the talks. FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011.…
[ad_1] LONDON (Reuters) – British vacuum-cleaner maker Dyson is making a second push into the high-end beauty market with a $500 hair styling tool that it has engineered to create curls, waves and smooth blow dries without extreme heat. A Dyson logo is seen on one of company’s products presented during an event in Beijing,…
[ad_1] NEW YORK (Reuters) – William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp (SBUX.O) as he sees a chance for the world’s biggest coffee chain to reignite growth even as it struggles with stagnant sales in its home market. Ackman revealed…
[ad_1] WestJet Airlines Ltd. says it will follow the lead of rival Air Canada in banning pot use for staff in certain “safety-sensitive positions” even when they aren’t at work. The company says it updated its alcohol and drug policy in preparation for the legalization of recreational cannabis use next week. Spokesperson Morgan Bell said…
[ad_1] NEW YORK (Reuters) – Stocks on major world markets edged lower on Tuesday, with a decline in the materials sector offsetting rising energy shares, while long-dated U.S. Treasury yields pulled back from multi-year highs and helped weaken the U.S. dollar. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of…
[ad_1] WASHINGTON (Reuters) – Fully self-driving cars may be on the fast lane to U.S. roads under a pilot program the Trump administration said on Tuesday it was considering, which would allow real-world road testing for a limited number of the vehicles. FILE PHOTO: A Waymo self-driving car is seen during the annual Google I/O…
[ad_1] No people — whether real or fictional — no animals and no fun being had: those are just some of the strict limitations facing Saskatchewan cannabis retailers as they navigate the federal government’s rules for marketing legal pot to the public. Jason Aebig recently became acquainted with the rules as laid out in the federal Cannabis…
[ad_1] The company that makes Property Brothers and dozens of other TV programs is being sued for millions in regular wages as well as overtime, vacation and public holiday pay claimed on behalf of hundreds of contract production personnel. The proposed class action suit claims Cineflix and its affiliates violated the Ontario Employment Standards Act and…
[ad_1] Marijuana company Aurora Cannabis Inc. has applied to list its shares on the New York Stock Exchange. The shares are expected to trade in New York under the ticker symbol ACB, the same as its listing on the Toronto Stock Exchange. The Edmonton-based company says the listing is subject to the approval of the…
[ad_1] Workplace, Facebook’s communications platform for enterprises, is launching its own version of Safety Check today. Safety Check itself is obviously not a new feature. Indeed, Facebook has now activated this tool, which lets you report your status during a crisis, thousands of times. For business users, though, Facebook is now offering a number of…
[ad_1] Deciem, the upstart Canadian company behind the hugely popular The Ordinary Skin Care line, has closed its stores because of what the chief executive says is criminal activity within the company. But Brandon Truaxe — who also founded the company — has made outlandish claims in the past, prompting some to question whether this…
[ad_1] The explosion that rocked Irving Oil’s Saint John refinery on Monday is unlikely to affect the price of gas in Canada, according to experts. Fuel market analysts say the quick return to the facility and the fact that fuel storage tanks are likely full mean the refinery shutdown should have little short-term impact on…
[ad_1] The Japanese online retail tycoon who plans to travel to the moon on the SpaceX rocket says he respects and trusts Elon Musk as a fellow entrepreneur, despite his recent troubles. “Twitter can get you into trouble,” Yusaku Maezawa, chief executive of Zozo Inc., said Tuesday at the Foreign Correspondents’ Club in Tokyo. “And that can be said…
[ad_1] LONDON (Reuters) – HSBC on Tuesday said it would pay $765 million to the United States Justice Department to settle claims it mis-sold mortgage-backed securities between 2005 and 2007. A logo is pictured on HSBC bank in Geneva, Switzerland, August 16, 2018. REUTERS/Denis Balibouse The bank’s announcement confirmed a total penalty that HSBC said…
[ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc’s Google unveiled on Tuesday the third edition of its Pixel smartphone, its first tablet computer and a new Google Home smart speaker that includes a display. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich September 5, 2018. REUTERS/Arnd WIegmann/File Photo The company…
[ad_1] The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August. Thomson Reuters Eikon says economists had expected an annual rate of 210,000 for…
[ad_1] Just hours before William Nordhaus and Paul Romer won a Nobel Prize on Monday for their work on the economics of climate change, the UN issued a dire warning about global warming. The report from the Intergovernmental Panel on Climate Change says that an extra single degree of heat could make a life-or-death difference in the…
[ad_1] Just a day after Google decided to drop out of the Pentagon’s massive $10 billion, 10-year JEDI cloud contract bidding, Microsoft announced increased support services for government clients. In a long blog post, the company laid out its government focused cloud services. While today’s announcement is not directly related to JEDI per se, the…
[ad_1] Saint John Mayor Don Darling says he plans to have “focused discussions” with industry officials after an explosion and fire at the Irving Oil refinery Monday shook homes and sent at least four contractors to hospital with non-life-threatening injuries. “It cannot be our norm here that we’re having fires and explosions,” said Darling. “These are…
[ad_1] LONDON (Reuters) – Proxy advisory firm Glass Lewis had recommended shareholders vote for Unilever’s (ULVR.L) (UNc.AS) proposed move to the Netherlands before the plan was scrapped last week. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File Photo Unilever pulled…
[ad_1] (Reuters) – Ireland’s data protection regulator said on Tuesday that it would seek more information from Alphabet Inc’s Google (GOOGL.O) regarding a security issue that may have exposed the data of at least 500,000 users to hundreds of external developers. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference)…
[ad_1] Microsoft’s Powerpoint today has over 1 billion installs, 500 million users, and some 95 percent market share, making it the most ubiquitous presentation software in the world. But that doesn’t make it the most loved. Now, a new startup out of Berlin called Pitch is emerging from stealth with plans to challenge it, by making what…
[ad_1] LAGOS (Reuters) – Nigeria’s central bank governor is to meet representatives of telecommunications company MTN (MTNJ.J) and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said. FILE PHOTO: The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS/Afolabi…
[ad_1] LUXEMBOURG (Reuters) – European Union nations will seek a compromise on Tuesday over how ambitious to be on cutting vehicle emissions and climate goals for U.N. talks, with Germany warning that targets that are too tough risk harming industry and costing jobs. FILE PHOTO: Cars are seen at Kaiserdamm street, which could be affected…
[ad_1] Upskill has been working on a platform to support augmented and mixed reality for almost as long as most people have been aware of the concept. It began developing an agnostic AR/MR platform way back in 2010. Google Glass didn’t even appear until two years later. Today, the company announced the early release of…
[ad_1] AMSTERDAM (Reuters) – International and Dutch unions filed a complaint with a global trade body on Tuesday accusing Chevron Corp. (CVX.N) of funneling billions of euros through letter box companies in the Netherlands to avoid taxation. A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike…
[ad_1] BRUSSELS (Reuters) – European Union countries are on the verge of agreeing to start negotiations with the United States to allow more U.S. beef into Europe, in what could be a major move to defuse transatlantic trade tensions. FILE PHOTO – Steak is pictured in New York March 11, 2015. REUTERS/Lucas Jackson The European…
[ad_1] BRUSSELS (Reuters) – Europe’s antitrust chief Margrethe Vestager on Tuesday said she wants to hear critics of Siemens (SIEGn.DE) and Alstom’s (ALSO.PA) plan to create a Franco-German rail champion which is being investigated by the European Commission. FILE PHOTO – European Competition Commissioner Margrethe Vestager holds a news conference at the EU Commission’s headquarters…
[ad_1] It’s been less than six months since Adobe acquired commerce platform Magento for $1.68 billion and today, at Magento’s annual conference, the company announced the first set of integrations that bring the analytics and personalization features of Adobe’s Experience Cloud to Magento’s Commerce Cloud. In many ways, the acquisition of Magento helps Adobe close…
[ad_1] (Reuters) – German vehicle manufacturer Daimler AG (DAIGn.DE) is in talks with China’s Geely Holding Group Co (0175.HK) to set up a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, citing sources. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal…
[ad_1] LONDON (Reuters) – Europe battled to fend off a four-day losing streak for world stocks on Tuesday, after weary investors had seen Asia stumble to a 17-month low and bond markets hit by a fresh bout of selling. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain,…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] has put up for sale property assets worth at least $11 billion, according to documents seen by Reuters, accelerating a push to cut its large debt and restructure. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China…
[ad_1] Investors who’ve shied away from cannabis out of concern about whether legalization will be good for Canada should consider buying in to help shape the industry and how it operates, say experts in so-called impact investing. While there’s been no shortage of excitement around pot stocks as the legalization of recreational cannabis use approaches on Oct.…
[ad_1] PARIS (Reuters) – Swiss bank UBS Group AG (UBSG.S), its French unit and six executives faced charges of aggravated tax fraud and money laundering on Monday, the first day of a trial into allegations they helped wealthy clients avoid taxes in France. After seven years of investigation and aborted settlement negotiations, UBS will also…
[ad_1] LONDON (Reuters) – Aviva (AV.L) CEO Mark Wilson has agreed to step down from his role after a sweeping restructuring of the British insurer during six years at the helm failed to translate into improved shareholder returns. FILE PHOTO: Mark Wilson CEO of Aviva arrives at 10 Downing Street in London, Britain January 11,…
[ad_1] LONDON (Reuters) – The chief executive of Aviva (AV.L) is stepping down from his role after directing a sweeping restructuring of the British insurer during his six years at the helm. FILE PHOTO: Mark Wilson CEO of Aviva arrives at 10 Downing Street in London, Britain January 11, 2018. REUTERS/Peter Nicholls Mark Wilson will…
[ad_1] LONDON/FRANKFURT (Reuters) – Volkswagen (VOWG.DE) is close to hiring Citigroup (C.N), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N) and JP Morgan (JPM.N) to help with the potential stock market listing of its truck unit Traton, two people familiar with the matter told Reuters on Monday. A worker fixes the Volkswagen logo outside the new car…
[ad_1] SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration The Pakistani…
[ad_1] SAO PAULO (Reuters) – Volkswagen’s (VOWG_p.DE) Brazil operation is putting workers on a 20-day furlough, the company said on Monday, citing reduced demand from Argentina, which is undergoing an economic crisis that has derailed growth and slashed spending power. FILE PHOTO: A Volkswagen logo is pictured in front of a slum, at the Volkswagen…
[ad_1] Alphabet Inc’s Google will shut down the consumer version of its failed social network Google Plus and tighten its data sharing policies after announcing on Monday that private profile data of at least 500,000 users may have been exposed to hundreds of external developers. The issue was discovered and patched in March as part of…
[ad_1] (Reuters) – CBS Corp (CBS.N) would look for potential buyers for the cable company after a probe on its former Chief Executive Officer Leslie Moonves ends, a Fox journalist tweeted on Monday. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May…
[ad_1] NEW YORK (Reuters) – Global equity markets fell on Monday amid unease over the impact of the U.S.-China trade war on China’s growth, while the dollar gained against the euro as Italian bond yields spiked on a brewing spat over Italy’s budget plans. European markets slid, with defensive stocks under pressure as investor confidence…
[ad_1] (Reuters) – Perrigo Co Plc (PRGO.N) on Monday replaced its chief executive officer of 10 months, Uwe Rohrhoff, with consumer goods industry veteran Murray Kessler, as the generic drugmaker sharpens its focus on consumer healthcare business. Bottles are seen on a production line at the new factory of generic drugmaker Perrigo Co in the…
[ad_1] SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currencies to depreciate to stay competitive. FILE PHOTO: A China yuan note is seen in this illustration photo May 31,…
[ad_1] BRUSSELS (Reuters) – U.S. software giant Microsoft (MSFT.O) is set to win unconditional EU antitrust approval for its $7.5 billion purchase of privately held coding website GitHub, two people familiar with the matter said on Monday. A Microsoft store is pictured in New York City, New York, U.S., August 21, 2018. REUTERS/Carlo Allegri Microsoft…
[ad_1] LUXEMBOURG (Reuters) – European Union environment ministers will seek a compromise on Tuesday over how tough to be on curbing carbon dioxide emissions from cars and vans, with Germany warning too tough targets could harm industry and cost jobs. Cars are seen at Leipziger Strasse street, which could be affected by a court hearing…
[ad_1] SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as investors fretted about everything from the Chinese economy, to trade wars, higher U.S. bond yields and political dysfunction in Europe. A man walks past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 1, 2018. REUTERS/Toru Hanai “Risk…
[ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc’s Google said on Monday it was no longer vying for a $10 billion cloud computing contract with the U.S. Defense Department, in part because the company’s new ethical guidelines do not align with the project, without elaborating. FILE PHOTO: An illuminated Google logo is seen inside an office…
[ad_1] SINGAPORE (Reuters) – Microsoft Corp is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial intelligence. FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo…
[ad_1] (Reuters) – Nelson Peltz’ Trian Fund Management LP is evaluating a takeover bid for Papa John’s International Inc (PZZA.O), the Wall Street Journal reported on Monday, citing people familiar with the matter. FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking/File Photo The activist hedge fund recently contacted…
[ad_1] (Reuters) – Alphabet Inc’s Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing on Monday that private profile data of at least 500,000 users may have been exposed to hundreds of external developers. The Google app logo is seen on a smartphone…
[ad_1] NEW YORK (Reuters) – The tech-heavy Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Ford Motor Co (F.N) has chosen Omnicom’s (OMC.N) BBDO as its lead creative advertising agency in a blow to its long-time partner WPP (WPP.L). FILE PHOTO: A WPPA sign on a wall outside the advertising company’s offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo After a five-month review, Ford said…
[ad_1] (Reuters) – Advertising giant WPP (WPP.L) has lost its position as lead creative agency for Ford Motor Co (F.N), WPP said. FILE PHOTO: A WPPA sign on a wall outside the advertising company’s offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo WPP said Ford had given the job to another agency, named…
[ad_1] NEW YORK (Reuters) – The S&P 500 was little changed on Monday as concerns mounted about the impact on China’s economy from trade tensions between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid Beijing announced a…
[ad_1] NEW YORK (Reuters) – A gauge of global equity markets fell on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China’s growth, while the dollar gained versus the euro and Italian bond yields spiked on a spat over Italy’s budget plans. An investor watches a board showing stock information…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) on Monday released a smart speaker designed to ease video calls, but the company’s history of privacy mishaps and the device’s price and limited functionality could slow it from taking on market leaders Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google. A smart speaker device by Facebook…
[ad_1] LONDON (Reuters) – Two former senior executives of Tesco (TSCO.L) abused their positions to encourage practices that resulted in a 250 million pounds ($327 million) overstatement of expected profits and misled the stock market, a prosecutor told a London court on Monday. Former Tesco executive Christopher Bush arrives at Southwark Crown Court in London,…
[ad_1] (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Monday up to 500,000 Google+ user accounts were potentially affected by a bug that may have exposed their data to external developers, and the company is shutting down the social network for consumers. The Google app logo is seen on a smartphone in this picture illustration…
[ad_1] PARIS (Reuters) – Planemaking boss Guillaume Faury was named as the next chief executive of Airbus (AIR.PA) on Monday, ending months of uncertainty over the leadership of Europe’s largest aerospace group and underlining the dominance of its commercial jet arm. FILE PHOTO: Airbus Commercial Aircraft President Guillaume Faury poses during the unveiling of an…
[ad_1] At some offices, dogs are more popular than people. On any given day, seven to 10 pups bounce around Benevity, a tech firm in Calgary. Workers play fetch with their pets or let them sleep at their feet. Sometimes the furry critters play with each other, livening up the already colourful, relaxed office in…
[ad_1] A Chinese government spokesman has sidestepped questions about a report that its spies inserted chips into computer equipment that might allow them to hack into U.S. companies and government agencies. Do you feel that you still need China to respond to these statements?– Lu Kang, Chinese government spokesman The spokesman, Lu Kang, responded to…
[ad_1] Irving Oil says a “major incident” has occurred at its Saint John refinery, after reports of an explosion and fire on Monday morning. Saint John police said they are responding to an incident at the refinery and are asking residents to avoid the area altogether. Nearby streets have also been closed. The blast happened Monday morning.…
[ad_1] London’s High Court on Monday blocked an attempt to bring legal action against Alphabet Inc’s Google over claims it had collected sensitive data from more than 4 million iPhone users although it said the company’s actions had been “wrongful.” The claimants had said Google had illegally accessed details of iPhone users’ internet browsing data…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) said on Monday it had kicked-off preparations for the production of a plug-in hybrid version of the Jeep Renegade as the carmaker pushes ahead with its electrification drive to meet tougher emissions rules. FILE PHOTO: A car with the Jeep logo badge is seen on display at the…
[ad_1] LONDON (Reuters) – The pound can strengthen 5 to 10 percent from current levels because Britain and the European Union are likely to reach an agreement to avert a disorderly Brexit, the head of sterling portfolios at fund management giant PIMCO said on Monday. A man wears a beret designed to resemble the EU…
[ad_1] WeWork has partnered with Lemonade to provide renters insurance to WeLive members. WeLive is the residential offering from WeWork, offering members a fully-furnished apartment, complete with amenities like housekeeping, mailroom, and on-site laundry, on a flexible rental schedule. In other words, bicoastal workers or generally nomadic individuals can rent a short-term living space without…
[ad_1] A congressman is calling on the U.S. attorney general to investigate possible “corruption” and “market malfeasance” at global entertainment giant Live Nation after a recent CBC/Toronto Star report exposed a secret partnership between the company’s Ticketmaster division and scalpers. Bill Pascrell, a Democrat from New Jersey, cited the revelations from the CBC reporting in a…
[ad_1] When a government blunder put more than $14,000 worth of employment insurance payments into Zbigniew Kazmierczak’s chequing account, he knew he’d have to give the money back but never imagined he’d also be on the hook for thousands of dollars more in income tax. That extra tax bill wasn’t a miscalculation, it’s part of a…
[ad_1] LONDON (Reuters) – European markets fell on Monday as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concern that an escalating trade war with the United States could curb China’s growth. An investor watches a board showing stock information at a…
[ad_1] SINGAPORE (Reuters) – St. Louis Federal Reserve Bank President James Bullard said on Monday that emerging markets were as “prepared as they can be” for changes in U.S. monetary policy. St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su Bullard, a non-voting member…
[ad_1] LONDON (Reuters) – Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S. sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall. FILE PHOTO: gas flare on an oil production platform…
[ad_1] GENEVA (Reuters) – Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25 percent duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. FILE PHOTO – Turkish-flagged container ship Michel…
[ad_1] LONDON (Reuters) – European markets fell heavily on Monday as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concerns that an escalating trade war with the United States could dent China’s growth. FILE PHOTO: The London Stock Exchange Group offices are…
[ad_1] PARIS (Reuters) – Swiss bank UBS Group AG (UBSG.S), its French unit and six top executives go on trial on Monday after a long-running investigation into allegations they helped wealthy clients avoid taxes in France. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29,…
[ad_1] SHANGHAI (Reuters) – Shares in Asia slumped Monday as China’s markets stumbled in their first trading day after a one-week holiday even though Beijing’s central bank increased liquidity to offset the impact of an escalating trade dispute with the United States. An investor watches a board showing stock information at a brokerage office in…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago. FILE PHOTO: Walmart signage is displayed outside a company’s store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski…
[ad_1] SHANGHAI (Reuters) – Shares in Asia staggered on Monday as China’s markets stumbled despite its central bank moving to pump more liquidity into the broader economy, as worries grow of a sharp knock to growth from an escalating trade dispute with the United States. The People’s Bank of China (PBOC) on Sunday cut the…
[ad_1] SHANGHAI (Reuters) – Shares in Asia stumbled in early trade on Monday as investors waited with bated breath as China’s markets prepare to reopen following a week-long holiday and after its central bank cut banks’ reserve requirements in a bid to support growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down…
[ad_1] SYDNEY/HONG KONG (Reuters) – Investment bankers are bracing for the start of a landmark legal case about alleged cartel activity in Australia’s financial sector, nervous the proceedings could lead to increased scrutiny and tougher measures from regulators worldwide. FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and…
[ad_1] NEW YORK (Reuters) – The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off. FILE PHOTO: The JP Morgan Beijing office sign is pictured in Beijing, China, December 13, 2010. REUTERS/Jason Lee/File Photo Portfolio managers from Harding…
[ad_1] (Reuters) – Asset manager Schroders Plc (SDR.L) and Lloyds Banking Group (LLOY.L) said on Sunday they were in discussions over a wealth management alliance. FILE PHOTO: A man walks past the entrance to the head office of Lloyds Banking Group in the City of London December 11, 2013. REUTERS/Olivia Harris/File Photo The deal would…
[ad_1] (Reuters) – Shares of Barnes & Noble Inc (BKS.N) could still have more upside after a jump in the stock this week on news the bookseller is exploring strategic options, according to Barron’s. FILE PHOTO: The logo for Barnes and Noble is displayed on a screen on the floor of the New York Stock…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc’s (AAPL.O) top security officer told Congress on Sunday that it had found no sign of suspicious transmissions or other evidence that it had been penetrated in a sophisticated attack on its supply chain. The Apple Inc. store is seen on the day of the new iPhone 7 smartphone…
[ad_1] (Reuters) – Asset manager Schroders Plc (SDR.L) said on Sunday it is in discussions with Britain’s Lloyds Banking Group (LLOY.L) to work closely in the wealth sector. FILE PHOTO: A man walks past the entrance to the head office of Lloyds Banking Group in the City of London December 11, 2013. REUTERS/Olivia Harris/File Photo…
[ad_1] (Reuters) – Britain’s Lloyds Banking Group (LLOY.L) is to merge its 13 billion pounds ($17.06 billion) wealth management arm into a new joint venture with asset manager Schroders Plc(SDR.L) , Sky news reported on Sunday. FILE PHOTO: A man walks past the entrance to the head office of Lloyds Banking Group in the City…
[ad_1] FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) finance chief Bodo Uebber won’t seek to renew his contract when it expires in December 2019, the carmaker said late on Sunday. Bodo Uebber, CFO of Daimler AG attends the car maker’s annual news conference in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle/File Photo The announcement marks the latest…
[ad_1] Facebook just snatched some talent to fuel its invasion of LinkedIn’s turf. A source tells TechCrunch that members of coding interview practice startup Refdash including at least some of its executives have been hired by Facebook. The social network confirmed to TechCrunch that members of Refdash’s leadership team are joining to work on Facebook’s…
[ad_1] MILAN (Reuters) – Telecom Italia (TIM) (TLIT.MI) CEO Amos Genish said tensions between the company’s management, its board and shareholders were counterproductive, but said he was committed to staying, according to an excerpt of an interview with La Repubblica. Telecom Italia CEO Amos Genish gestures during a debate at the RAI state television headquarters…
[ad_1] MILAN (Reuters) – Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday. An Alitalia airplane is seen…
[ad_1] Farmers in Alberta are racing against the clock to harvest their crops after heavy rain and snow in September left fields too wet to work. The wet weather delays followed a dry summer that already had farmers bracing for a hit to their yields. Kevin Bender, who farms west of Red Deer and is the chair of the Alberta…
[ad_1] LONDON (Reuters) – Britain has sought additional reassurances from cable company Comcast (CMCSA.O) over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky (SKYB.L). The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake “I’ve left them…
[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. Why the protest over more U.S. milk in Canada? It’s mainly because of a hormone given to some U.S. cows, rBST, to increase milk production. It wasn’t approved for use in…
[ad_1] PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a debate at the RAI state television headquarters in Rome, Italy November 10, 2017. REUTERS/Remo…
[ad_1] Amanda Hanson said she was outraged when she discovered an advertisement on WalMart Canada’s website that described plus-sized women as “fat.” The third-party ad, which has since been taken down, was titled “elegant floral print fat women swimsuit bellyband style beach wear.” It went on to describe the item as the “best choice for fat girls to spend…
[ad_1] ROME (Reuters) – Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday. An Alitalia airplane is seen…
[ad_1] WASHINGTON (Reuters) – Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis. Senator Heidi Heitkamp (D-ND) walks at the U.S. Capitol in Washington, U.S., August 22, 2018. REUTERS/Joshua Roberts Commercial banks…
[ad_1] A plunge in the U.S. jobless rate to levels not seen in nearly half a century could be a new turning point for North American wage rates, and not everyone is happy about the prospect. For workers who have seen wage rates stagnate since the mid-1970s it is a potential cause for celebration. And while…
[ad_1] As the United Kingdom works to finalize its split from the European Union, it’s about to ramp up efforts to expand its footprint in Canada. Brexit has hit another roadblock as the European Union (EU) and U.K. attempt to work out exactly what their future relationship will look like. Both sides are trying to come up…
[ad_1] What a difference a week can make. Canada has been in a rut with enticing companies and investors to see the country as a good place to do business. Investment began to fall four years ago and pessimism grew further when Donald Trump began putting up trade walls around the United States. Declining investment has put a…
[ad_1] U.S. gross domestic product is expanding at a 2.27 percent clip in the third quarter, slower than the 2.47 percent pace calculated a week ago, the New York Federal Reserve’s Nowcast model showed on Friday. [ad_2] Source link
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) on Friday said it will start building a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama, which has also started to produce a new sports utility vehicle, the GLE. FILE PHOTO: The Daimler logo is seen before the Daimler annual…
[ad_1] WASHINGTON (Reuters) – U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor Department’s closely watched monthly employment report on Friday also showed a…
[ad_1] MOSCOW (Reuters) – Russia’s largest lenders, state-owned Sberbank (SBER.MM) and VTB (VTBR.MM), saw outflows of foreign currency deposits in August amid a rouble depreciation and concerns about new U.S. sanctions, according to an analysis of central bank data. FILE PHOTO: Logos of Sberbank are seen on automated teller machines (ATM) at its branch in…
[ad_1] BOSTON (Reuters) – Fidelity Investments said on Friday that its asset management chief, Charles Morrison, is leaving the company and that it plans to name a replacement in “the near term.” FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder Morrison, who has been with…
[ad_1] NEW YORK (Reuters) – S&P 500 companies will increase cash spending by 13 percent to $3 trillion in 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs. Of the estimated cash spending in 2019, S&P 500 companies will allocate 51 percent to invest in growth, including capital…
[ad_1] NEW YORK (Reuters) – Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse. FILE PHOTO: David Einhorn, President of Greenlight Capital, Inc., presents…
[ad_1] NEW YORK (Reuters) – Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen U.S. West Texas Intermediate (WTI)…
[ad_1] COPENHAGEN (Reuters) – The involvement of U.S. authorities in an inquiry into alleged money laundering at Danske Bank is very different to the case of Latvia’s ABLV, the Danish bank’s interim chief financial officer Morten Mosegaard told Reuters on Friday. A general view of the Danske Bank in Copenhagen, Denmark September 25, 2018. Ritzau…
[ad_1] COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S. criminal investigation into its Estonian branch. General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen…
[ad_1] WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets, saying that a “poison pill” provision in the recently completed pact with Canada and Mexico could be replicated. U.S. Secretary of Commerce…
[ad_1] BOSTON (Reuters) – Accused by Tesla Inc Chief Executive Elon Musk of making “excessive profit” by lending shares to short-sellers, top index fund companies shot back on Friday that they are only looking out for their investors. FILE PHOTO: Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on…
[ad_1] NEW YORK (Reuters) – The U.S. transportation sector, which many see as a proxy indicator of the economy’s health, has retreated 3.1 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages. FILE PHOTO: A street sign for Wall Street is seen…
[ad_1] WASHINGTON (Reuters) – For a solid decade after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to think the U.S. economy remained broken, from skepticism about the health of the labor market to tepid economic growth and the moribund rate of interest paid on U.S. Treasury bonds.…
[ad_1] (Reuters) – U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data. The losses were led by heavyweight stocks in the technology and communication services sectors including all members of…
[ad_1] SAN FRANCISCO (Reuters) – California startup Bird said on Friday it has launched its electric scooters in Mexico City, expanding its effort to shake up urban transportation globally. FILE PHOTO: Bird scooters are seen outside a restaurant in Santa Monica, California, U.S. July 23, 2018. REUTERS/Lucy Nicholson/File Photo The launch marks Bird’s entry into…
[ad_1] The number of police officers trained to recognize drug-impaired drivers is lagging far behind the number that police chiefs said would be needed after cannabis is made legal for recreational use nationwide on Oct. 17. According to a senior government official, 833 Canadian police officers have been trained as drug recognition experts (DREs). That’s a…
[ad_1] Shopify Inc.’s vice president is “very confident” that the first day of recreational pot sales in Canada will be smooth on websites backed by its software because “cannabis isn’t Kylie Cosmetics.” While pot demand may be high on Oct. 17, it is unlikely to exceed the tens of thousands of orders of Lip Kits…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) fell 7 percent on Friday, as David Einhorn’s hedge fund Greenlight Capital slammed the electric carmaker the day after Tesla CEO Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter. The sell-off started in morning trading the day after Musk stirred nerves about a settlement…
[ad_1] NEW YORK (Reuters) – Major world stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose again to multi-year highs. The increase in U.S. non-farm payrolls slowed in September, likely from Hurricane Florence’s…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] China says it deplores a controversial new clause in the United States-Mexico-Canada Agreement that calls on the countries to notify each other if they enter into trade talks with a “non-market” economy. In a scathing statement, the Chinese Embassy in Ottawa says section 32.10 of the new USMCA amounts to an act of political…
[ad_1] Canada recorded its first merchandise trade surplus with the world in more than 18 months in August, as unusually timed shutdowns at auto plants helped cut imports at a greater rate than exports, Statistics Canada said on Friday. The surplus of $526 million was the first since December 2016 and follows a revised deficit of $189 million…
[ad_1] Longtime venture capitalist Shirish Sathaye has quietly joined early-stage investor Cervin Ventures as a general partner. Most recently, Sathaye was a general partner at Formation 8, the embattled venture firm co-founded by Palantir’s Joe Lonsdale, Brian Koo (a scion of the Koo family, owners of the electronics giant LG) and former Khosla GP Jim Kim.…
[ad_1] (Reuters) – Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more, Bloomberg reported on Friday. FILE PHOTO: The logo of Saudi Aramco is…
[ad_1] NEW YORK (Reuters) – Crude futures rose on Friday as U.S. unemployment data eased concerns about demand in the world’s top oil consumer, with both benchmarks set for a weekly gain ahead of U.S. sanctions on Iranian oil exports. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen…
[ad_1] Some see it as a signal of investor confidence in liquefied natural gas megaprojects. Others say it could edge out less competitive LNG proposals in Canada. Either way, final approval of a massive LNG project in northern British Columbia has renewed interest in the fate of two projects slated for Canada’s East Coast. Bear…
[ad_1] Prime Minister Justin Trudeau was at the Gordie Howe International Bridge construction kickoff Friday morning in Windsor, Ont., and hinted at potentially “accelerating the timelines” for the project. Trudeau said at the groundbreaking event that he has been in talks with Michigan Gov. Rick Synder. “That’s very much how we’re focused on getting this done, as…
[ad_1] Two of Canada’s largest oil and gas drillers have agreed to combine in a deal worth about $1.03 billion, positioning them to have the third-largest contract drilling fleet in the United States. Under the friendly deal reached by the two Calgary-based companies, Precision Drilling Corp. will buy Trinidad Drilling Ltd. in exchange for shares…
[ad_1] Salesforce’s Marketing and Commerce Cloud is the company’s smallest division today, so to help beef it up, the company is making an acquisition to add in more features. Salesforce has acquired Rebel, a startup that develops interactive email services for businesses to enhance their direct marketing services: recipients of interactive emails can write reviews, shop…
[ad_1] Nalcor Energy is denying claims by the main contractor at the Muskrat Falls site that discussions are underway over extra costs incurred there. “In response to recent media statements made by Astaldi on Oct. 4, 2018, regarding its work at Muskrat Falls, Nalcor advises that no discussions are being held with Astaldi in relation to…
[ad_1] AMSTERDAM (Reuters) – Dutch Prime Minister Mark Rutte said his government would reconsider plans to scrap its dividend tax in a major political climbdown only hours after Unilever (ULVR.L) dropped plans to move its headquarters to the Netherlands. FILE PHOTO: Dutch Prime Minister Mark Rutte attends a news conference after participating in the NATO…
[ad_1] The U.S. unemployment rate fell to 3.7 per cent in September — the lowest level since December 1969 — while hiring slowed. Employers added just 134,000 jobs, the fewest in a year, the U.S. Labour Department said Friday. But that figure was likely lowered by Hurricane Florence. Florence struck North and South Carolina in…
[ad_1] (Reuters) – U.S. stocks opened flat on Friday after September jobs data showed further tightening in the U.S. labor market and moderate inflation pressures, doing little to deter predictions of gradual rate hikes by the Federal Reserve. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] The job market bounced back last month with a gain of 63,000 positions, edging the unemployment rate lower to 5.9 per cent, Statistics Canada said Friday. September’s increase in employment was largely driven by gains in part-time work, with part-time jobs up by around 80,000. September’s gains were also almost entirely in Ontario and…
[ad_1] The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data. The board, which is the largest in Canada and represents more than 50,000 realtors across the Greater Toronto Area, filed the lawsuit last month in Federal Court…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter. FILE PHOTO: A Tesla showroom is seen in Santa Monica, California, U.S., January 4,…
[ad_1] LONDON (Reuters) – Oil prices rose back toward four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen Benchmark Brent crude oil LCOc1 was up 30 cents a barrel at $84.88…
[ad_1] BRUSSELS (Reuters) – European Union ministers debated on Friday what to offer the United States to ease trade tensions and avoid a return to a tit-for-tat tariff conflict that could hit EU cars. FILE PHOTO: U.S. President Donald Trump exits Air Force One at Joint Base Andrews after traveling to Minnesota in Maryland, U.S.,…
[ad_1] ZURICH (Reuters) – The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries. FILE PHOTO: A surveillance camera (CCTV) of the Swiss National Bank (SNB) is pictured…
[ad_1] SINGAPORE/JAKARTA (Reuters) – SoftBank Group Corp (9984.T) is closing in on a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said. The logo of SoftBank Group Corp is displayed at…
[ad_1] LONDON (Reuters) – Unilever scrapped plans to move its headquarters to the Netherlands on Friday in the face of a British shareholder revolt, keeping one of the country’s most valuable companies in London ahead of Brexit. The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de…
[ad_1] COPENHAGEN (Reuters) – Shares in Danske Bank plummeted on Friday to their lowest in four years after a media report the bank executed up to 8.5 billion euros of mirror trades for Russian customers in 2013, and a downgrade by Credit Suisse. General view of the Danske Bank building in Copenhagen, Denmark, September 27,…
[ad_1] BEIJING (Reuters) – Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders told Reuters. Toyota Motor Corp’s Lexus brand logo is displayed at the 44th…
[ad_1] SEOUL (Reuters) – A South Korean appeals court on Friday found the chief of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free, according to Yonhap news agency. FILE PHOTO: Lotte Group chairman Shin Dong-bin speaks during a news conference in Seoul, South Korea,…
[ad_1] JAKARTA/SINGAPORE (Reuters) – SoftBank Group Corp is nearing a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said. The logo of SoftBank Group Corp is displayed at SoftBank World 2017…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd estimated third-quarter operating profit jumped by a fifth to a record high, with its semiconductor unit bolstered by robust demand from data centers and gains in production yields. FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions against Iran’s crude exports, which are set to start next month. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen International benchmark Brent crude oil futures were at $84.98 per…
[ad_1] WASHINGTON (Reuters) – The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a further tightening in labor market conditions. People wait in line at a stand during the Executive Branch Job Fair hosted by the Conservative Partnership…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen The gains helped claw back some of the losses from…
[ad_1] TOKYO (Reuters) – Asian shares wobbled on Friday after benchmark U.S. Treasury yields surged to a fresh seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. FILE PHOTO: An electronic board showing the Nikkei share average is seen as market prices are reflected in a…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen The gains helped claw back some of the losses from…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centers and gains in production yields. FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona,…
[ad_1] NEW YORK (Reuters) – Tesla Inc’s Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive. FILE PHOTO: Tesla Chief Executive Office Elon Musk speaks at his company’s factory in…
[ad_1] TOKYO (Reuters) – Asian shares were fragile on Friday after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. FILE PHOTO: An electronic board showing the Nikkei share average is seen as market prices are reflected in a…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday, citing people familiar with the matter. FILE PHOTO: The sign at a Wells Fargo banking location is pictured in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni/File…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday, lifted by looming U.S. sanctions against Iran’s crude exports that are set to start next month. FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen The gains helped claw back some of the losses from the previous session due to…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Friday said its third-quarter operating profit likely jumped by a fifth to a record high, in line with market expectations, on demand from data centers and improved production yields. FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress…
[ad_1] (Reuters) – Parent of Snapchat messaging Snap Inc’s (SNAP.N) Chief Executive Evan Spiegel has set a goal to achieve full-year profitability in 2019 and outlined a new set of strategic goals, online news service Cheddar reported on Thursday, citing a memo. FILE PHOTO: Snapchat CEO Evan Spiegel attends the first day of the annual…
[ad_1] (Reuters) – Newspaper publisher Tronc Inc (TRNC.O) said on Thursday it will rename itself as Tribune Publishing Co, effective Oct. 9. FILE PHOTO: The logo of Tronc Inc (TRNC.O), formerly Tribune Publishing Company, is seen at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson The company,…
[ad_1] B.C.’s trades sector is confident most of the thousands of workers required to build and operate the province’s first major LNG export facility will come from within the province. LNG Canada’s $40-billion investment in a liquefied natural gas export terminal in Kitimat, B.C, and a 670-kilometre pipeline from Dawson Creek, is expected to generate roughly 10,000 jobs by…
[ad_1] Ultra low cost airline Swoop is adding routes to Mexico out of Hamilton’s John C. Munro International Airport, flying twice weekly to Puerto Vallarta International Airport, and three times weekly service to Cancun International Airport. Flights begin on Jan. 8, 2019, and Jan. 14, 2019, respectively. Swoop will also be flying from Abbotsford, B.C. to Puerto…
[ad_1] Canadian companies tend to be overconfident or unprepared to protect sensitive information from data breaches — mostly because they have an incomplete or inadequate picture about the evolving challenges they face, according to cybersecurity experts. A study conducted by Ovum for FICO — a California-based data analytics company that operates a global fraud detection…
[ad_1] NEW YORK (Reuters) – Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] (Reuters) – A federal judge on Thursday gave Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission one week to justify their settlement to resolve securities fraud charges against the head of the electric car company. FILE PHOTO: Tesla Chief Executive Elon Musk stands on the podium as he attends…
[ad_1] NEW YORK (Reuters) – Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran. FILE PHOTO: A pumpjack brings oil to the surface in the…
[ad_1] (Reuters) – A New York district court judge has asked Tesla Inc Chief Executive Officer Elon Musk and the U.S. Securities and Exchange Commission to provide a joint statement by Oct. 11, explaining why their settlement should be approved. FILE PHOTO: Tesla Chief Executive Elon Musk stands on the podium as he attends a…
[ad_1] PARIS (Reuters) – The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering (PRTP.PA)-owned label, according to an internal video message seen by Reuters. FILE PHOTO: Gucci CEO Marco Bizzarri poses at the Los Angeles County Museum of Art…
[ad_1] NEW YORK (Reuters) – Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran. FILE PHOTO: A pumpjack brings oil to the surface in the…
[ad_1] (Reuters) – Eli Lilly and Co (LLY.N) said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record high and weighing on those of arch-rival Novo Nordisk (NOVOb.CO). FILE PHOTO: The logo and ticker for Eli Lilly and Co. are displayed on…
[ad_1] WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment like steering wheels, pedals and mirrors, according to a document seen by Reuters. FILE PHOTO: A Jaguar I-PACE self-driving car is pictured during its unveiling…
[ad_1] NEW YORK (Reuters) – A sell-off in U.S. Treasuries pushed yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, weighing on stock markets globally. Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] Atlassian’s Jira has become a standard for managing large software projects in many companies. Many of those same companies also use GitHub as their source code repository and, unsurprisingly, there has long been an official way to integrate the two. That old way, however, was often slow, limited in its capabilities and unable to…
[ad_1] (Reuters) – General Motors Co’s (GM.N) Cadillac outscored Tesla Inc (TSLA.O) in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday. FILE PHOTO: The Cadillac logo is seen on the grille of the 2019 Cadillac CT6 V-Sport being presented at the New York Auto Show in the…
[ad_1] Quantum computing represents tremendous promise to completely alter technology as we’ve known it, allowing operations that weren’t previously possible with traditional computing. The downside of these powerful machines is that they could be strong enough to break conventional cryptography schemes. Today, BlackBerry announced a new quantum-resistant code signing service to help battle that possibility.…
[ad_1] Travellers flying within Canada will be allowed to pack 30 grams of cannabis once legalization begins Oct. 17, transportation minister Marc Garneau announced Tuesday. According to Jett Hansell, the regional manager at Weeds, a chain of cannabis dispensaries, that’s not a small stash. “I expected it to be a lot more strict, so 30 grams…
[ad_1] Apple Inc. and Amazon denied a Bloomberg report on Thursday that their systems contained malicious computer chips inserted by Chinese intelligence, according to the tech companies’ statements released separately by Bloomberg. Bloomberg Businessweek cited 17 unnamed intelligence and company sources as saying that Chinese spies had placed computer chips inside equipment used by around 30…
[ad_1] The financially troubled main contractor on the Muskrat Falls hydroelectric project is now facing $34 million in claims from suppliers over unpaid bills. According to public mechanic’s lien filings, Astaldi Canada owes cash for everything from steel to concrete, to food and cleaning materials. A week ago, CBC News reported on liens filed by two…
[ad_1] (Reuters) – U.S. stocks were set to open lower on Thursday after robust economic data and optimistic views from the Federal Reserve pushed government bond yields to multi-year highs, while curbing the appetite for stocks globally. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth. People attend the Executive Branch Job Fair hosted by the Conservative Partnership Institute at the Dirksen Senate Office Building in Washington, U.S.,…
[ad_1] LONDON (Reuters) – A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while stocks sagged in response. Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo,…
[ad_1] LONDON (Reuters) – Juul Labs, the e-cigarette maker at the heart of a U.S. crackdown on youth vaping, has filed patent infringement complaints in the United States and Europe against what it said were copycat rivals. A woman smokes a Juul e-cigarette in New York, U.S., September 27, 2018. REUTERS/Brendan McDermid The complaints follow…
[ad_1] LONDON (Reuters) – Britain’s Competition and Markets Authority has demanded Lloyds Banking Group (LLOY.L) toughen its procedures around payment protection insurance (PPI) after it accused the bank of breaching its current arrangements. FILE PHOTO: A man enters a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett The CMA said Lloyds…
[ad_1] STOCKHOLM (Reuters) – Sweden’s Swedbank (SWEDa.ST) said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file…
[ad_1] COPENHAGEN (Reuters) – Danske Bank (DANSKE.CO) is being investigated by the U.S. Department of Justice over a 200 billion euro ($230 billion) money laundering scandal involving its Estonian branch, confirming long-held investor fears. FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo Denmark’s largest bank…
[ad_1] LONDON (Reuters) – A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while stocks sagged in response. Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo,…
[ad_1] Around the world oil prices are on the rise, except in Alberta where a barrel is worth less than half of what it would fetch in the United States. Global prices are climbing as some key, oil-producing countries are in trouble — whether it’s Iran facing new sanctions or Venezuela creeping closer to an economic…
[ad_1] With a trade deal (whatever name you want to call it) now reached between Canada, Mexico and the United States, a giant cloud of uncertainty has finally lifted. For more than a year, nervous businesses had to balance all the unknowns on the one hand and the demands of a booming economy on the…
[ad_1] COPENHAGEN (Reuters) – Danske Bank (DANSKE.CO) said on Thursday that it is in talks with U.S. authorities about non-resident accounts at its Estonia branch which are at the center of a money laundering scandal. FILE PHOTO: Danske Bank sign is seen on a building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo The…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) and SoftBank Group Corp (9984.T) said they will team up to develop car services that rely on self-driving technology, such as hospital shuttles, as they envision a future in which fewer people drive their own vehicles. Toyota Motor Corp President Akio Toyoda and Executive Vice President Shigeki…
[ad_1] (Reuters) – Japan’s Toshiba Corp (6502.T) is “severely undervalued” and should boost share repurchases, U.S. hedge fund King Street Capital Management LP said in a letter on Wednesday. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo The hedge fund…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals aimed at sharing costs and securing expertise in technologies which promise to drastically change the way people use cars. SoftBank Corp Representative Director and CTO Junichi Miyakawa and…
[ad_1] SEATTLE/LOS ANGELES (Reuters) – Santa’s sleigh cannot fly without its pilot. FILE PHOTO: A FedEx Express airplane is pictured during its approach to Los Angeles International Airport, in Los Angeles, California, U.S. February 11, 2015. REUTERS/Mario Anzuoni/File Photo With the peak holiday shipping season fast-approaching, global package delivery giant FedEx Corp is paying retirement-age…
[ad_1] SINGAPORE (Reuters) – Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. FILE PHOTO: A pumpjack brings oil to the surface in the Monterey Shale, California, U.S., April…
[ad_1] NEW DELHI (Reuters) – An Indian court on Wednesday ordered an interim stay on the cancellation of land allotted for expansion of Vedanta’s south Indian copper smelter, in a relief to the conglomerate whose unit was shut on environmental grounds. FILE PHOTO: Police stand gurad outside a copper smelter controlled by London-listed Vedanta Resources…
[ad_1] SYDNEY (Reuters) – The dollar notched an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Asian stocks were pressured as borrowing costs rose at home. Visitors are seen as market prices are reflected in a glass window at the Tokyo…
[ad_1] MOSCOW/DUBAI (Reuters) – Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) and SoftBank Group Corp (9984.T) will announce a partnership on automated driving and other technology on Thursday, sources with knowledge of the matter told Reuters. FILE PHOTO: The Toyota logo is seen during the first press day of the Paris auto show, in Paris, France, October 2,…
[ad_1] (Reuters) – Facebook said on Wednesday in response to a lawsuit accusing it of not doing enough to protect users from human traffickers that it works internally and externally to thwart such predators. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken…
[ad_1] SYDNEY (Reuters) – The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Japanese stocks attempted to re-claim a 27-year peak. Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange…
[ad_1] (Reuters) – A U.S. judge on Wednesday issued an order finding that China’s ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade U.S. sanctions by illegally shipping U.S. goods and technology to Iran. FILE PHOTO: The logo of China’s ZTE Corp is seen on a building…
[ad_1] WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s (GM.N) Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world. Honda’s partnership comes months after Japan’s SoftBank Group (9984.T) made its own…
[ad_1] (Reuters) – A U.S. federal judge on Wednesday issued an order finding that China’s ZTE Corp (0763.HK) (000063.SZ) violated probation imposed in March 2017 when the company pleaded guilty to illegally shipping goods to Iran despite U.S. sanctions. FILE PHOTO: The logo of China’s ZTE Corp is seen on a building in Nanjing, Jiangsu…
[ad_1] (Reuters) – CBS Corp has placed television executive Vincent Favale on leave after earlier allegations of using sexual and homophobic language resurfaced, the company said on Wednesday. FILE PHOTO: The CBS Television Studios campus is seen in Los Angeles, California, U.S. August 3, 2018. REUTERS/Lucy Nicholson The action was taken against Favale, who is…
[ad_1] (Reuters) – Barnes & Noble Inc (BKS.N) said on Wednesday it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest to buy the bookseller, sending its shares up as much as 24 percent in extended trading. FILE PHOTO: A woman looks in from a window panel of a Barnes and…
[ad_1] Canada Goose chief executive officer Dani Reiss has told customers for years they’ll never find a bathing suit emblazoned with his company’s iconic logo because it doesn’t make sense for the luxury winter apparel brand, but a quick search online will reveal he is sorely mistaken. Law enforcement and the Toronto-based company known for…
[ad_1] NEW YORK (Reuters) – The U.S. dollar rose to its highest in six weeks on Wednesday as Federal Reserve Chairman Jerome Powell said the U.S. economy is “remarkably positive” and spoke of the need to continue raising interest rates. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at…
[ad_1] NEW YORK (Reuters) – Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production. FILE PHOTO: Pump jacks operate in…
[ad_1] NEW YORK (Reuters) – Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record high for a second day after economic data boosted Treasury yields and sent financial stocks higher. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] NEW YORK (Reuters) – Wall Street rose on Wednesday, with the Dow Jones Industrial Average hitting a record high for a second day after economic data boosted Treasury yields and lifted financial stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018.…
[ad_1] WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit this year and an affirmation of the U.S. automaker’s strategy for the emerging technology. Honda, which has lagged behind many of its rivals in…
[ad_1] DUBLIN (Reuters) – Facebook’s (FB.O) lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Wednesday commenced an investigation into a massive cyberattack on the social networking site that the company disclosed last week. FILE PHOTO: A woman looks at the Facebook logo on an iPad in this photo illustration taken…
[ad_1] A new pipe is replacing a pair of 65-year-old crude oil pipes connecting two of the Great Lakes after Mich. Gov. Rick Synder’s administration and Enbridge reached a deal. This new pipe will run through a tunnel below the lake bed, according to officials. The project is expected to take seven to 10 years to complete, costing…
[ad_1] Trade uncertainty, climbing debt levels and rising interest rates don’t seem to be dampening holiday spirits among Canadian consumers, who plan to spend as much or more this season as they did last year, according to an annual report by accounting firm PwC. The firm’s holiday outlook released Tuesday found that consumers will spend…
[ad_1] WINNIPEG, Manitoba (Reuters) – Canadian oil companies Husky Energy Inc (HSE.TO) and MEG Energy Corp (MEG.TO) discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a hostile bid this week, according to a Husky filing. FILE PHOTO: Banners for the Canadian company Husky…
[ad_1] (Reuters) – The Dow Jones Industrial Average hit a new high on Wednesday, leading gains in the three major Wall Street indexes, driven by a jump in financial and technology stocks and a robust monthly private payrolls report. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] MOSCOW/DUBAI (Reuters) – Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. FILE PHOTO: Saudi Arabian Energy Minister Khalid al-Falih during the inaugural session ceremony…
[ad_1] General Motors and Honda will team up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation. Japan’s Honda Motor Co. will invest $3.53 billion in the autonomous vehicle unit run by General Motors Co., called GM Cruise. The two automakers are already partnering on fuel…
[ad_1] (Reuters) – U.S. stocks rose on Wednesday, with the Dow Jones Industrial Average at an all-time high, driven by gains in financial and technology stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid Ten of the 11 major S&P…
[ad_1] (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2 billion and take a 5.7 percent stake in General Motors Co’s (GM.N) Cruise self-driving vehicle unit, extending cooperation between the two automakers in a technology that has enormous costs and risk but no market-ready products. FILE PHOTO: A self-driving GM Bolt EV is seen…
[ad_1] Palo Alto Networks launched in 2005 in the age of firewalls. As we all know by now, the enterprise expanded beyond the cozy confines of a firewall long ago and vendors like Palo Alto have moved to securing data in the cloud now too. To that end, the company announced its intent to pay…
[ad_1] (Reuters) – Wall Street was set to open higher on Wednesday, buoyed by a rebound in European markets after Italy indicated that it was open to reducing budget deficits and debt in the coming years. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] Licensed cannabis producers have vaults of marijuana, stocked with thousands upon thousands of kilograms ready for Oct. 17, but industry analysts are already predicting all that pot won’t meet demand during the first year of legal recreational use. “There is not currently enough legal supply of marijuana to actually supply all the recreational demand…
[ad_1] LONDON (Reuters) – Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to pump more. FILE PHOTO: Pump jacks operate in front of a drilling…
[ad_1] LONDON (Reuters) – With the U.S. economy strong, inflation nearly back to the Federal Reserve’s 2-percent goal, and the Fed’s gradual rate hikes likely to begin mildly restraining growth by late next year, it is time to consider how best to fight the next downturn, a U.S. central banker said on Wednesday. FILE PHOTO:…
[ad_1] LONDON (Reuters) – Oil hovered below a four-year peak on Wednesday, easing back from session highs after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to raise output. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August…
[ad_1] LONDON (Reuters) – Shares in luxury automaker Aston Martin (AML.L) fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over its ability to deliver an ambitious roll-out of new models. The company, which last year made its first profit since 2010 and has…
[ad_1] HONG KONG (Reuters) – Tencent Music Entertainment, which owns China’s most popular music apps, has filed for a U.S. IPO seeking funds to develop content and new services, in what is expected to be one of the biggest U.S. listings by a Chinese company this year. FILE PHOTO: A Tencent sign is seen during…
[ad_1] PARIS (Reuters) – Renault-Nissan and Daimler may expand their cooperation to battery and autonomous cars technology and mobility services, the companies said on Wednesday. Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis…
[ad_1] On Tuesday morning, hours after LNG Canada announced it would go ahead with its $40-billion export facility on the West Coast, analyst Martin King gave a presentation about the state of the oil and gas industry at the Calgary Petroleum Club in the city’s downtown. The LNG announcement is massive for the natural gas…
[ad_1] In the vote that gave us the original Free Trade Agreement in 1988, Conservative prime minister Brian Mulroney won the election with the slogan “Jobs, jobs, jobs.” Only four years later, Bill Clinton crushed his incumbent opponent, Republican President George H.W. Bush, with the slogan “It’s the economy, stupid.” But if that strategy worked three decades ago,…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S.…
[ad_1] LONDON (Reuters) – Shares in luxury carmaker Aston Martin (AML.L) opened flat at the offer price of 19 pounds ($24.70) per share in its London debut on Wednesday. FILE PHOTO: An Aston Martin logo is pictured during the 88th Geneva International Motor Show in Geneva, Switzerland, March 6, 2018. REUTERS/Denis Balibouse/File Photo By 0707…
[ad_1] LONDON (Reuters) – Britain’s Aston Martin (AML.L) said on Wednesday it had priced its shares at 19 pounds each in its London stock market debut, giving the luxury carmaker a valuation of $5.6 billion. FILE PHOTO: A company logo is seen on the new Aston Martin Vantage car at a media event in Gaydon,…
[ad_1] ZURICH (Reuters) – Swiss drugmaker Roche (ROG.S) is breaking into hemophilia A treatment, a $10 billion global market dominated by rivals who have cultivated close ties to sufferers of the genetic bleeding disorder. FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann/File…
[ad_1] SYDNEY (Reuters) – Four global tech giants – Facebook, Apple, Alphabet and Amazon – will oppose an Australian law that would require them to provide access to private encrypted data linked to suspected illegal activities, an industry lobby group said on Wednesday. Australia in August proposed fines of up to A$10 million ($7.2 million)…
[ad_1] (Reuters) – Some Tesla directors have proposed that James Murdoch, fellow board member at the electric carmaker and chief executive officer of Twenty-First Century Fox Inc, succeed Elon Musk as its chairman, the New York Times reported on Tuesday, citing people involved in the board’s discussions. FILE PHOTO: James Murdoch walks off stage after…
[ad_1] LONDON (Reuters) – Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that…
[ad_1] SINGAPORE (Reuters) – Oil prices were firm on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. FILE PHOTO: A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy…
[ad_1] SYDNEY (Reuters) – Asian shares reversed early losses while the euro rebounded from six-week lows on reports Italy will cut its budget deficit at a faster pace than expected, raising hopes Rome could stave off a problematic debt blow-out. FILE PHOTO: A man looks at a mobile phone next to an electronic board showing…
[ad_1] SYDNEY (Reuters) – Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy’s mounting debt and Rome’s budget plan set it on a collision course with the European Union. FILE PHOTO: A man looks at a mobile phone next to an electronic board showing Japan’s Nikkei average outside a…
[ad_1] SINGAPORE (Reuters) – Oil prices were firm on Wednesday on expectations of a tighter market once U.S. sanctions start targeting Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. FILE PHOTO: A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29,…
[ad_1] WASHINGTON (Reuters) – Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday. FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S., November…
[ad_1] MEXICO CITY (Reuters) – The steel industries of Mexico and Canada on Tuesday urged their governments to resolve a tariff dispute with the United States before signing a new trilateral trade deal that was unveiled this week. FILE PHOTO: Wire rods are pictured at Kalisch Steel factory in Ciudad Juarez, Mexico March 27, 2018.…
[ad_1] TOKYO (Reuters) – The dollar stood near a one-month high against its peers on Wednesday as concerns as political wrangling over Italy’s budget plan rattled market sentiment and weighed on the euro. FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018.…
[ad_1] (Reuters) – A federal judge has ruled that Tesla must defend itself at a trial over allegations it knew foreign workers at one of its facilities were threatened with deportation if they reported an injury and worked long shifts that violated forced labor laws. FILE PHOTO: A Tesla showroom is seen in Santa Monica,…
[ad_1] WASHINGTON (Reuters) – China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. FILE PHOTO: Shipping containers are seen at a port in…
[ad_1] (Reuters) – J. C. Penney Co Inc (JCP.N) on Tuesday hired Jill Soltau, former chief executive officer of privately held fabric and crafts retailer Joann Stores, to the top job, effective mid-October. Jill Soltau, then chief executive officer of Jo Ann Fabrics, listen during a meeting the Retail Industry Leaders Association and member company…
[ad_1] OTTAWA/WASHINGTON (Reuters) – Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect. White House senior advisor Jared Kushner listens as U.S. President Donald…
[ad_1] , (Reuters) – Advanced Micro Devices Inc (AMD.O) shares have been the S&P 500’s rock star gainer this year, but a recent slide signals some investors are hedging their bets that it can make major inroads in the server computer chip market dominated by Intel Corp (INTC.O). On Tuesday, AMD was the top decliner…
[ad_1] The Alberta Energy Regulator says it’s no longer considering holding a public hearing for a new oilsands project after an Indigenous community reached a deal with the proponent, Imperial Oil. In a notice on its website, the AER says it doesn’t need to schedule a hearing on the 162,000-barrel-per-day Aspen project after the Fort…
[ad_1] Foursquare has today announced the partial close of a $33 million Series F financing, with $25 million already closed out and another $8 million inbound, according to the blog post. The round was co-led by Simon Ventures and Naver Corp, with participation from Union Square Ventures, an existing investor. Over the past four years,…
[ad_1] Canada’s transport minister says travellers aboard domestic flights will be allowed to carry a small quantity of cannabis with them after Oct 17. But Marc Garneau warns against packing it into luggage that’s destined outside the country. And the country’s airport screening authority says it has yet to finalize procedures for dealing with passengers…
[ad_1] Lime e-scooters rolled into Canada today with the launch of a pilot program in Waterloo, Ont., the first location north of the border for the San Francisco-based company. The electric-powered scooters are making their Canadian debut on a 6.5-kilometre trail route linking the University of Waterloo’s main campus with its adjacent technology park. It’s not…
[ad_1] (Reuters) – The top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing on Monday showed. FILE PHOTO: A closed Toys ‘R’ Us store…
[ad_1] (Reuters) – Toys ‘R’ Us has canceled the bankruptcy auction of its brand name and other intellectual property assets and instead plans to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, the court papers filed by the company’s lenders on Monday showed. FILE PHOTO: A closed Toys ‘R’ Us store is…
[ad_1] NEW YORK (Reuters) – The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency. An employee holds 2 cent euro coins at the “Monnaie de Paris”, national mint factory in…
[ad_1] BOSTON (Reuters) – U.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the U.S. economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve’s top regulator told U.S. lawmakers on Tuesday that his “highest priority” is enacting simpler rules for banks with between $100 billion and $250 billion in assets, though Republicans pressed for a more drastic easing. FILE PHOTO: Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, takes…
[ad_1] (Reuters) – U.S. stocks shrugged off a weak start to climb higher on Tuesday, as Intel boosted technology stocks and pushed the Dow Jones Industrial Average to a record high. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid Intel (INTC.O) jumped…
[ad_1] (Reuters) – Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, seeking to head off criticism of working conditions at the world’s second most valuable company. The online retailer said it would now lobby in Washington for an increase in the federal…
[ad_1] The new trade pact between Canada, the U.S. and Mexico may make trade freer between the three countries, but that freedom will not apparently extend to Canadians who want to watch American Super Bowl ads. In a section of the agreement governing the trade in services, Canadian officials agreed to abandon a recent Canadian…
[ad_1] Apple Business Chat launched earlier this year as a way for consumers to communicate directly with businesses on Apple’s messaging platform. Today the company announced it was expanding the program to add new businesses and support for additional countries. When it launched in January, business partners included Discover, Hilton, Lowe’s and Wells Fargo. Today’s…
[ad_1] Suspended Audi CEO Rupert Stadler is leaving the automaker, parent company Volkswagen said Tuesday, more than three months after he was arrested as part of a probe into the manipulation of diesel emissions controls. Volkswagen said its supervisory board approved an agreement with Stadler that will see him leave with immediate effect. It said…
[ad_1] (Reuters) – U.S. stocks treaded water on Tuesday, pressured by worries of a euro zone breakup after anti-euro comments from an Italian lawmaker. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid Italy would enjoy more favorable economic conditions outside of the…
[ad_1] The five primary investors granted their approval late Monday for the development of a proposed liquefied natural gas project in northern B.C. The $40-billion LNG Canada project calls for the construction of a pipeline to transport natural gas from Dawson Creek in northeastern B.C. to a yet-to-be-built processing terminal on the coast in Kitimat,…
[ad_1] Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, seeking to head off criticism of working conditions at the world’s second most valuable company. The online retailer said it would now lobby in Washington for an increase in the federal minimum wage…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) missed its weekly Model 3 production target on Tuesday and said it was facing a 40 percent import tariff in China due to the ongoing U.S-China trade war. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S.,…
[ad_1] LONDON (Reuters) – Stocks fell worldwide and European assets sold off on Tuesday after anti-euro comments from an Italian lawmaker dented the single currency and sent Italy’s bond yields to multi-year highs. A boost to investors’ risk appetite from the new U.S.-Mexico-Canada trade pact proved short-lived with the MSCI world equity index falling back…
[ad_1] LONDON (Reuters) – Brent oil prices fell on profit-taking on Tuesday but remained near their highest since November 2014 as markets braced for tighter supply once U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August…
[ad_1] Empires rise and fall, and none more so than business empires. Whole industries that once dominated the planet are just a figment in memory’s eye, while new industries quietly grow into massive behemoths. New York City has certainly seen its share of empires. Today, the city is a global center of finance, real estate,…
[ad_1] MADRID (Reuters) – Ryanair’s (RYA.I) Chief Marketing Officer Kenny Jacobs on Tuesday said the company was working to reach deals with European trade unions by Christmas and get them implemented next year. FILE PHOTO: Ryanair aircraft are parked on the tarmac during a wider European strike at the airline to protest slow progress in…
[ad_1] SAN FRANCISCO (Reuters) – The technology sector appears to be doing just fine on Wall Street a week after it lost two of its highest-profile components to a newly christened communication services group. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly…
[ad_1] (Reuters) – PepsiCo Inc (PEP.O) reported quarterly revenue above Wall Street estimates on Tuesday, fueled by strong demand for its beverages and snacks in Latin America. FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni Net income attributable to the company rose to…
[ad_1] LONDON (Reuters) – World stocks went south and European assets sold off on Tuesday after anti-euro comments from an Italian party official weighed on the single currency and sent Italy’s bond yields up to multi-year highs. FILE PHOTO: Traders from BGC, a global brokerage company in London’s Canary Wharf financial centre react as European…
[ad_1] PARIS (Reuters) – German carmaker BMW (BMWG.DE) will shift more production of Mini vehicles to the Netherlands if Britain leaves the European Union without a trade agreement, Chief Executive Harald Krueger said on Tuesday. Harald Krueger member of the board of Management of BMW AG poses for a picture during the first press day…
[ad_1] Husky Energy has ambitions to grow but instead of building a new, multi-billion-dollar facility in the Alberta oilsands, the Calgary-based company is launching a hostile takeover of MEG Energy. It’s a $6.4-billion offer and would boost Husky’s oil production by about a third, propelling it among the oilsands’ biggest players. Right now, there are four large players…
[ad_1] Elon Musk, the brash tech multi-billionaire with the badass reputation, has been chastened but not broken. The chairman and chief executive of Tesla Inc. settled a case brought by the U.S. Securities and Exchange Commission (SEC), which accused him of deliberately misleading investors through a series of social media postings back in August. The settlement,…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices hit their highest level since November 2014 on Tuesday and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig…
[ad_1] TOKYO (Reuters) – Japanese automaker Mazda Motor Corp (7261.T) welcomed on Tuesday a new trade deal between the United States, Mexico and Canada, and said it would work to meet new rules on components used in Mazda vehicles made in Mexico. The logo of Mazda Motor Corp. is displayed at the company’s news conference…
[ad_1] TOKYO (Reuters) – Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment. FILE PHOTO: Men stand in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October…
[ad_1] SINGAPORE (Reuters) – Oil markets rose on Tuesday, with Brent crude holding above $85 and near four-year highs reached the previous day as markets prepare for tighter supply once U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland,…
[ad_1] SINGAPORE (Reuters) – Oil markets were strong again on Tuesday, with Brent crude holding above $85 and near four-year highs reached the previous day as markets prepare for tighter supply once U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp said on Tuesday that all of the vehicles it produces by 2030 will incorporate electrification, while 5 percent of its cars will be all-battery electric vehicles (EVs). The Japanese automaker joins a growing number of global automakers who are planning to reduce emissions by producing more gasoline-hybrid vehicles,…
[ad_1] TOKYO (Reuters) – The dollar retained gains against a basket of currencies on Tuesday while slipping off a more than 10-month peak against the yen as the boost to risk appetites from the U.S.-Canada trade deal to replace the North American Free Trade Agreement faded. U.S. dollar note and a Euro coin are seen…
[ad_1] TOKYO (Reuters) – Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment. FILE PHOTO: Men stand in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October…
[ad_1] SINGAPORE (Reuters) – Oil markets were firm on Tuesday, with Brent crude prices holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once the U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Tuesday, holding near a four-year high reached the previous day as markets adjust to the prospect of tighter supply once the U.S. sanctions against Iran kick in next month. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland,…
[ad_1] TOKYO (Reuters) – The yen traded near its lowest in more than 10 months against the dollar on Tuesday, weighed down by increased risk appetite after the United States and Canada reached a last-minute deal on Sunday to replace the North American Free Trade Agreement. FILE PHOTO: Four thousand U.S. dollars are counted out…
[ad_1] OTTAWA/WASHINGTON (Reuters) – Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect. FILE PHOTO: White House senior advisor Jared Kushner listens as U.S.…
[ad_1] Foreign Affairs Minister Chrystia Freeland said that if it was ever going to be possible to renegotiate the North American Free Trade Agreement she believed a deal would only happen at the last possible moment. “We had a bit of, we didn’t actually bet on this, but there was a conversation inside the team of when in September…
[ad_1] TOKYO (Reuters) – Asian stocks were steady on Tuesday as Japanese equities rose to a fresh 27-year high while crude oil prices were elevated in the afterglow of an agreement that salvaged a North American free trade deal. FILE PHOTO: Men stand in front of an electronic board showing Japan’s Nikkei average outside a…
[ad_1] LONDON (Reuters) – The Big Four accounting firms can invest in technology that will raise standards beyond what could be achieved by smaller rivals, the head of PricewaterhouseCoopers (PwC) said on Tuesday, defending the top firms against UK calls to be broken up. FILE PHOTO: Bob Moritz, Global Chairman of PWC, gestures during his…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Monday touted a new free trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce. Washington and Ottawa reached an agreement on Sunday…
[ad_1] Microsoft Corp. co-founder Paul Allen said on Monday he had started treatment for non-Hodgkin’s lymphoma, the same disease he overcame in 2009. In a brief statement, Allen said he learned recently that the cancer had returned and said he planned “on fighting this aggressively.” “A lot has happened in medicine since I overcame this…
[ad_1] A Canadian company that owns many popular restaurant chains says it was hit with a “malware outbreak” on Friday, causing a “partial network outage” at some locations. Recipe Unlimited — formerly Cara Operations — said certain restaurants under the brands Swiss Chalet, Harvey’s, Milestones, Kelseys, Montana’s, Bier Markt, East Side Mario’s, The Landing Group of Restaurants and Prime Pubs brands have been…
[ad_1] NEW YORK (Reuters) – A pact between the United States and Canada to rescue the trilateral North American Free Trade Agreement with Mexico drove up global stock markets and the Canadian dollar on Monday, while weighing on safe-haven assets. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this…
[ad_1] CHICAGO/WASHINGTON (Reuters) – A bill that will regulate minimum seat size on U.S. passenger airplanes for the first time is unlikely to lead to more leg or elbow room for cramped flyers, airline consultants said. FILE PHOTO: A passenger removes his luggage from an overhead bin on a flight after arriving in New York…
[ad_1] (Reuters) – General Electric Co (GE.N) ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition. The struggling energy, health…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) jumped by almost 18 percent on Monday as Chief Executive Elon Musk settled a lawsuit that had threatened to force him out and said a surge in third-quarter production had driven it to the verge of profitability. FILE PHOTO: Tesla Motors CEO Elon Musk reveals the Tesla…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said a new free trade agreement with Canada and Mexico would support hundreds of thousands of U.S. jobs, marking it as a victory in his push to reshape the lines of global commerce. Financial markets breathed a sigh of relief that the United States and…
[ad_1] Two of the five primary investors in a proposed liquefied natural gas project in northern B.C. granted their final approval Friday for the development, bringing Canada’s first major LNG project one step closer to becoming a reality. PetroChina and Kogas, of South Korea, have both announced their readiness to move forward with the $40-billion investment led by…
[ad_1] There are no auto tariffs placed on Canadian vehicles as outlined in the new free trade agreement, after negotiations concluded late Sunday night. President Donald Trump threatened to impose those tariffs like he had on Canadian aluminum and steel, an issue that weighed on people’s minds in southwestern Ontario, where a bulk of the…
[ad_1] Retailers say they are OK with new trade rules that will allow Canadians to buy more from the United States duty free — because dire alternatives that would have been worse never came to pass. One aspect of the new U.S.-Mexico-Canada Agreement announced over the weekend is an increase in the so-called de minimis threshold for…
[ad_1] While workers and consumers alike will be affected by the changes coming for Canada’s automotive and agriculture sectors, plenty of other things in the revised North American trade agreement will affect Canadians. Here’s a quick look at some of what’s new in the U.S.–Mexico–Canada Agreement (USMCA): Rising drug costs The intellectual property chapter includes…
[ad_1] Prime Minister Justin Trudeau spoke with U.S. President Donald Trump Monday morning to tout a new trilateral trade pact between Canada, the U.S. and Mexico the leaders say will grow the middle class and boost all three countries’ economies. According to a statement from the Prime Minister’s Office, the two leaders welcomed the “new and…
[ad_1] Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride to its rescue. In its offer Sunday, Husky said it was going directly to MEG’s shareholders…
[ad_1] After just over a year and declines on several fronts at General Electric, John Flannery has been ousted as the leader of the century-old company. Flannery took over for longtime CEO and Chairman Jeff Immelt in August 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of itself. However,…
[ad_1] Toronto stocks and the Canadian dollar rose at the start of trading Monday after Canada secured a deal for a trilateral trade pact with the U.S. and Mexico. The TSX was up 80 points, or 0.5 per cent, to 16,154 at mid-morning, regaining ground it lost in the past month because of uncertainty around…
[ad_1] (Reuters) – General Electric Co (GE.N) replaced Chief Executive Officer John Flannery on Monday and said it would take a roughly $23 billion charge to write off goodwill in its power division, primarily from a large acquisition it made in 2015. FILE PHOTO: General Electric CEO John Flannery is seen at the company’s office…
[ad_1] (Reuters) – U.S. stocks opened higher on Monday, led by industrial stocks, as a last-minute deal to save NAFTA as a trilateral pact bolstered hopes for progress in talks with other countries. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan…
[ad_1] MILAN/DETROIT (Reuters) – Fiat Chrysler’s (FCHA.MI) new boss unveiled his management team on Monday, seeking to revive the automaker in Europe, forge ahead in North America and keep the group in contention in the industry’s race to develop self-driving and electric cars. FILE PHOTO: Fiat Chrysler Automobiles (FCA) CEO Mike Manley arrives at the…
[ad_1] WASHINGTON (Reuters) – President Donald Trump hailed Canada on Monday after the two countries forged a last-minute deal to salvage their trilateral NAFTA accord with Mexico, marking a key victory in the U.S. leader’s effort to shake up global trade. The deal, announced on Sunday, is a reworking of the 1994 North American Free…
[ad_1] PARIS (Reuters) – Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers. FILE PHOTO: The EQC, the first fully electric Mercedes car is shown at a presentation in Stockholm, Sweden September 4, 2018. REUTERS/Esha Vaish/File Photo Now comes…
[ad_1] LONDON (Reuters) – OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola. FILE PHOTO: A gas flare on an oil production platform in the Soroush oilfields is seen…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) said on Monday its Chief Executive Officer Ian Read would step down at the start of next year. FILE PHOTO: Pfizer Chief Executive Ian Read leaves after appearing at a commons science committee hearing at Portcullis House in London May 14, 2014. REUTERS/Luke MacGregor Read will be succeeded by…
[ad_1] DUBAI (Reuters) – Qatar Airways said on Monday it was upgrading five of its Airbus (AIR.PA) A350 jets on order to the largest model, in a boost for the European planemaker’s largest twin-engined jet. FILE PHOTO: Qatar Airways staff hold a Qatari flag in front of an Airbus A350-1000 at Hamad International Airport in…
[ad_1] LONDON (Reuters) – Luxury British carmaker Aston Martin has cut the upper end of its initial public offering price range to 20 pounds per share, giving it a potential market value of up to 4.6 billion pounds ($6 billion), following mixed feedback from investors. FILE PHOTO: A 1966 Aston Martin DB6 coupe is displayed…
[ad_1] HAIPHONG, Vietnam (Reuters) – At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as it was for the likes of Japan and South Korea. Vinfast factory is…
[ad_1] “What’s the buzz? Tell me what’s happening,” goes the ’70s rock anthem. Part of the catchiness of the lyric — from the rock musical Jesus Christ Superstar — was that in that era the term “buzz” had developed a second spicy meaning. It described the high that people got from smoking cannabis. In the 1970s, the magazine High…
[ad_1] With many new pipeline projects stalled and existing ones running at capacity, oilpatch producers are turning increasingly to rail to transport their product — resulting in an eight-fold spike in the volume of oil travelling on Canada’s railways since 2012. Proponents of the Trans Mountain pipeline expansion project first pitched the expansion in April 2012, touting the…
[ad_1] TOKYO (Reuters) – BlackRock Inc (BLK.N) President Rob Kapito said on Monday he expects the U.S. stock rally to continue beyond next year, as there are fewer shares available for investors because of increased company buy-backs and dwindling public offerings. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] OTTAWA/WASHINGTON (Reuters) – The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. FILE PHOTO: Dairy cows are seen on a farm in Saint-Valerien-de-Milton, southeast of…
[ad_1] TOKYO (Reuters) – The Canadian dollar, the Mexican peso, U.S. stock futures and many share markets gained on Monday after the United States and Canada forged a last-gasp deal to salvage a trilateral trade agreement in North America. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration…
[ad_1] WASHINGTON (Reuters) – The new U.S.-Mexico-Canada Agreement on trade will preserve President Donald Trump’s ability to impose threatened 25 percent global tariffs on autos while largely exempting passenger vehicles, pickup trucks and auto parts from Canada and Mexico, a side-letter to the agreement showed on Monday. FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting…
[ad_1] OTTAWA (Reuters) – The United States and Canada on Sunday confirmed they had reached a deal on a “new, modernized trade agreement,” which is designed to replace the 1994 NAFTA pact. In a joint statement the two nations said the new deal would be called the United States-Mexico-Canada Agreement (USMCA). Reporting by David Ljunggren;…
[ad_1] WASHINGTON (Reuters) – U.S. officials intend to sign a new trade agreement with Canada and Mexico at the end of November, after which it would be submitted to the U.S. Congress for approval, a senior U.S. official said on Sunday. FILE PHOTO: Dairy cows are seen on a farm in Saint-Valerien-de-Milton, southeast of Montreal,…
[ad_1] OTTAWA/WASHINGTON (Reuters) – The United States and Canada reached a deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, beating a midnight deadline with agreements to substantially boost American access to Canada’s dairy market and protect Canada from possible U.S. auto tariffs, sources with direct knowledge of the talks said. FILE…
[ad_1] TOKYO (Reuters) – The Canadian dollar and the Mexican peso rose and Japanese shares hit 27-year highs on Monday after the United States and Canada reached a framework deal to update the North American Free Trade Agreement. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture…
[ad_1] OTTAWA/WASHINGTON (Reuters) – The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said…
[ad_1] (Reuters) – California will require publicly listed companies with headquarters in the state to have at least one woman on their boards of directors by end of 2019, under a bill signed into law on Sunday. FILE PHOTO: California Governor Jerry Brown delivers his final state of the state address in Sacramento, California, U.S.,…
[ad_1] OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau called a late-night Cabinet meeting for Sunday amid signs that Canada and the United States were on the verge of sealing a deal to update NAFTA after frantic talks. FILE PHOTO: Dairy cows are seen on a farm in Saint-Valerien-de-Milton, southeast of Montreal, Quebec, Canada, August…
[ad_1] OTTAWA (Reuters) – Canadian and U.S. negotiators were racing against a midnight Sunday deadline (0400 GMT Monday) to reach a deal to revamp NAFTA, but thorny issues including Canada’s dairy market and U.S. tariffs were still unresolved, a Canadian official and other sources said. FILE PHOTO: The flags of Canada, Mexico and the U.S.…
[ad_1] (Reuters) – Tesla Inc’s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursing separate cases and to a probe by the Justice Department. FILE PHOTO: Tesla Motors Inc CEO Elon Musk unveils a new all-wheel-drive version…
[ad_1] OTTAWA (Reuters) – With time fast running out, Canadian and U.S. negotiators “made lots of progress” on Sunday on a renewed NAFTA but had still not settled tough issues such as American tariffs and access to Canada’s dairy market, an official and sources said. FILE PHOTO: The flags of Canada, Mexico and the U.S.…
[ad_1] WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and White House adviser Jared Kushner planned to brief President Donald Trump on Sunday on progress in talks between Canadian and U.S. officials on NAFTA, a U.S. source familiar with the discussions said. U.S. President Donald Trump walks out from the White House, before his departure…
[ad_1] Canadian officials are scrambling to put pen to paper for a new North American Free Trade Agreement as Sunday night’s U.S. deadline to file the text of a bilateral deal with Mexico draws near. “Challenges remain” at the negotiating table, according to a senior source with direct knowledge of the situation. The prime minister, the…
[ad_1] A major merger could be in the works in Canada’s oil patch. Husky Energy Inc. is making a bid to acquire MEG Energy Corp. in a transaction valued at $6.4 billion. In a statement issued Sunday afternoon, Husky says the proposed merger “will create a stronger Canadian energy company.” The new, Calgary-based operation will…
[ad_1] NEW YORK/WASHINGTON (Reuters) – A high-profile settlement with Tesla Inc (TSLA.O) Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall…
[ad_1] (Reuters) – Canadian oil and gas producer Husky Energy Inc (HSE.TO) said on Sunday it has offered to acquire MEG Energy Corp (MEG.TO) in a deal valued at C$6.4 billion ($5 billion) including debt. The combined company will have total production of more than 410,000 barrels of oil equivalent per day (boepd) and refining…
[ad_1] (Reuters) – Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp to build the world’s biggest solar-power-generation project, the Wall Street journal reported on Sunday, citing Saudi government officials. The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo…
[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. RCMP investigating CRA scam The RCMP has launched “at least one very significant investigative operation” into the CRA phone scam after our months-long investigation. Public Safety Minister Ralph Goodale confirmed the…
[ad_1] ESSEN/DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) acted to end its leadership and strategy crisis on Sunday, as its supervisory board filled its two top management posts and approved plans to split the German conglomerate in two. A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen The…
[ad_1] OTTAWA (Reuters) – With little time left ahead of a deadline to agree to a renewed NAFTA, Canadian and U.S. trade officials on Sunday tried to settle differences on tough issues such as protection against American tariffs. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a…
[ad_1] FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) said on Sunday that its supervisory board had unanimously approved plans to split the conglomerate in two, paving the way for the group’s largest restructuring in decades. A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen Approval for the move,…
[ad_1] FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) said on Sunday that its supervisory board had unanimously approved plans to split the conglomerate in two, paving the way for the group’s largest restructuring in decades. A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen Approval for the move,…
[ad_1] NEW YORK (Reuters) – Healthcare company shares have taken the lead in the record-setting U.S. stock market, and a desire for investors to become more defensive combined with potentially strong upcoming earnings could drive them even higher. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] FRANKFURT (Reuters) – Linde AG (LING.DE) said on Sunday that it had received approval for its proposed $83 billion merger with Praxair (PX.N) from the Chinese antitrust authorities. The Praxair logo is seen during a news conference with Linde in Munich, Germany, June 2, 2017. REUTERS/Michaela Rehle Linde and U.S.-based Praxair are in the…
[ad_1] WASHINGTON (Reuters) – U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders. FILE PHOTO: Jay Clayton, Chairman of the Securities and Exchange Commission, testifies at a Senate Banking hearing on…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Tesla and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the car-maker. FILE PHOTO: Tesla Chief Executive Elon Musk attends a…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company. FILE PHOTO: Tesla Chief Executive Elon…
[ad_1] The U.S. Securities and Exchange Commission said on Saturday it had reached a settlement with car-maker Tesla and CEO Elon Musk over his Aug. 7 tweets about taking the company private. Tesla and Musk will each pay $20 million US to settle the case and Musk will step down as chairman but will remain as…
[ad_1] OTTAWA (Reuters) – Canada and the United States on Saturday narrowed their differences in last-ditch talks to save NAFTA but there is no guarantee an agreement will be forged, two Ottawa sources said. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on…
[ad_1] Foreign Affairs Minister Chrystia Freeland’s marquee speech today to the UN General Assembly has been postponed until Monday, and officials say there is a strong possibility someone else might have to deliver the remarks on Canada’s behalf. Officials in Freeland’s office say the minister, who is in the throes of an intensive, last-stage effort to secure a…
[ad_1] The Pentagon is going to make one cloud vendor exceedingly happy when it chooses the winner of the $10 billion, ten-year enterprise cloud project dubbed the Joint Enterprise Defense Infrastructure (or JEDI for short). The contract is designed to establish the cloud technology strategy for the military over the next 10 years as it…
[ad_1] MUNICH (Reuters) – German brake maker Knorr-Bremse [STELLG.UL] has disclosed a contractual dispute with Robert Bosch GmbH [ROBG.UL] ahead of a stock market flotation that could raise up to 4.2 billion euros ($4.9 billion). Bosch parking deck is pictured near airport in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle Knorr said Bosch, the privately…
[ad_1] NEW YORK (Reuters) – The cost to insure debt holdings in electric carmaker Tesla Inc (TSLA.O) rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of fraud by federal regulators. A newly installed car charger…
[ad_1] A small city in eastern Ontario is running an experiment that could one day have a big impact on public transit operators across North America. Belleville Transit has launched a new service allowing customers to summon a bus to their nearest bus stop — and the ride won’t take the scenic route to their destination.…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators are asking retailers and manufacturers whether Amazon’s (AMZN.O) sales of own brand products similar to theirs have harmed their business, a move which could lead to a formal case and possibly fines against the U.S. tech giant. FILE PHOTO: Workers collect customer orders during Black Friday deals week…
[ad_1] NEW YORK (Reuters) – Credit Suisse Group AG (CSGN.S) was fined $10 million on Friday by the U.S. Securities and Exchange Commission and New York Attorney General Barbara Underwood over its handling of retail customer orders, including through its dark pool. FILE PHOTO: Switzerland’s national flags fly beside the logo of Swiss bank Credit…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month. FILE PHOTO: A woman shops in the Health & Beauty section of a Whole Foods…
[ad_1] (Reuters) – The UK’s Information Commissioner’s Office said on Friday it will make enquiries with Facebook Inc (FB.O) and other overseas regulators to find out if British citizens were affected by a security breach announced by the company earlier in the day. FILE PHOTO: Silhouettes of mobile users are seen next to a screen…
[ad_1] NEW YORK (Reuters) – A federal judge in Manhattan on Friday dismissed an unusual lawsuit in which billionaire investor Carl Icahn accused the law firm Wachtell, Lipton, Rosen & Katz of malpractice related to his 2012 hostile takeover of CVR Energy Inc (CVI.N). Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s…
[ad_1] (Reuters) – Wall Street ended flat on Friday as gains by Intel, real estate companies and utilities offset a drop in Facebook after the social media network disclosed a security breach. The S&P 500 lost 0.5 percent for the week, but for the third quarter it was up 7.2 percent, its best quarterly performance…
[ad_1] NEW YORK (Reuters) – A female vice president at Point72 Asset Management LP will pursue her sexism claims against the hedge fund firm run by billionaire investor Steven A. Cohen before a private arbitrator and has dismissed her federal lawsuit. FILE PHOTO: Steven A. Cohen, Chairman and CEO of Point72 Asset Management, speaks at…
[ad_1] BEIJING (Reuters) – General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China’s market regulator said on Saturday. The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in…
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company’s reputation. Facebook, which has more than…
[ad_1] MEXICO CITY (Reuters) – Mexican President-elect Andres Manuel Lopez Obrador said on Friday there was still time for Canada to join an updated North American Free Trade Agreement (NAFTA) between Mexico and the United States. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador attends a meeting with elected Mexican senators at a hotel in…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – Mexico on Friday said the U.S. Trump administration and Canada were making serious efforts to resolve trade policy differences after days of bickering, raising hopes of saving the North American Free Trade Agreement as a trilateral pact. Mexico’s Economy Minister Ildefonso Guajardo delivers a summary of NAFTA negotiations to Mexican…
[ad_1] NEW YORK (Reuters) – The U.S. dollar rose on Friday as the euro fell on deepening worries about an Italian budget with a higher-than-expected deficit target, which also slammed European stocks. Wall Street ended flat, pulling back from early gains after Facebook disclosed a security breach. Tesla shares lost 13.9 percent after U.S. regulators…
[ad_1] MEXICO CITY (Reuters) – The United States and Mexico abruptly canceled plans to publish NAFTA texts on Friday, sources said, as signs of renewed efforts by Canada and Washington to settle differences raised hopes a breakthrough could be made to keep the deal trilateral. FILE PHOTO: A commercial truck with a Canada, United States…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – The United States and Mexico abruptly canceled plans to publish the text of their trade agreement on Friday to give Canada and the Trump administration more time to resolve their differences and save the North American Free Trade Agreement as a trilateral pact. Mexico’s Economy Minister Ildefonso Guajardo delivers a…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) Elon Musk could settle with U.S. regulators who have sued to remove him from the electric carmaker’s leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent. Musk, Tesla’s chairman and chief executive, has…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – The United States and Mexico are due to release the text of their trade agreement on Friday, increasing pressure on Canada to join its partners in revamping the North American Free Trade Agreement while Mexico’s president-elect said he would insist on a trilateral pact. FILE PHOTO: A car hauler heading…
[ad_1] WASHINGTON (Reuters) – Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives and will also attend a meeting with President Donald Trump, government officials said Friday. Google CEO Sundar Pichai speaks on stage during the…
[ad_1] (Reuters) – CBS Corp (CBS.N) is facing probes by both New York city and state officials tied to sexual assault and harassment accusations of its ex-chief executive Leslie Moonves, the company revealed in a regulatory filing on Friday evening. The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York,…
[ad_1] Canada’s main stock index sustained its largest loss in more than a month while the loonie regained lost ground after the Canadian economy grew slightly faster than economists had expected in July. The Canadian dollar traded at an average of 77.25 cents US compared with an average of 76.66 cents US on Thursday, boosting…
[ad_1] (Reuters) – A U.S. trade judge on Friday declined to block the importation of Apple Inc (AAPL.O) iPhones with chips from Intel Corp (INTC.O), handing a major defeat to Qualcomm Inc (QCOM.O) in its high-stakes legal dispute with the iPhone maker. The new Apple iPhone Xs is seen on display at the Apple Store…
[ad_1] Bringing work home cuts into personal time and the opportunity to decompress. But a recent study found that it’s not just the act of bringing work home, but the anticipation of having to respond to work emails at home that’s causing stress. The study, titled “Killing me softly: Electronic communications monitoring and employee…
[ad_1] Tesla investors have taken a wild ride as Wall Street values the promise of one of the world’s leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet. Tesla shares have been volatile…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) plunged 13 percent on Friday after U.S. securities regulators accused Elon Musk of fraud and sued to have him banned from the leadership of the electric carmaker, although sources said the high-tech billionaire could still reach a settlement. Musk, Tesla’s chairman and chief executive, has been directly…
[ad_1] Woman-owned businesses are becoming more common in Canada, but they remain a small fraction of those owned by men, according to the latest numbers from Statistics Canada. In Saskatchewan, the gap was closing faster than in any other province during the years studied. The province led Canada in growth of businesses owned or jointly-owned by…
[ad_1] Amazon has announced plans to open a new Metro Vancouver shipping warehouse on Tsawwassen First Nation land in Delta, B.C. Amazon spokeswoman Lauren Lynch said Thursday that the 450,000-square foot (10-acre) facility will create more than 700 full-time jobs and is expected to open in time for the Christmas holiday season next year. The facility will be…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) plunged up to 13 percent on Friday as investors worried about the future of Chairman and Chief Executive Elon Musk at the electric carmaker after U.S. securities regulators accused him of fraud. The 47-year-old billionaire entrepreneur has been directly involved in almost every detail of Tesla’s product…
[ad_1] Facebook Inc has discovered a security issue affecting about 50 million user accounts, the company said on Friday. Facebook said attackers stole Facebook access tokens through its “view as” feature, which they could then use to take over people’s accounts. “View as” is a feature that allows users to see what their own profile…
[ad_1] Honda says it will recall 1.4 million U.S. cars to replace front passenger airbag inflators made by Takata. The company says the recall, which covers Honda and Acura vehicles, is part of an attempt to get ahead of a government-mandated schedule of recalls on the Japanese-made airbags. Honda says owners of the vehicles should…
[ad_1] CIBC is experiencing what the bank calls a “system issue” that’s stopping many customers from logging in online, on the mobile app or by phone. Customers reported problems logging in across all of the bank’s systems early Friday morning, and the bank acknowledged an unnamed technological issue was at the root of the problem. But…
[ad_1] The U.S. trade representative is expected to post text online soon that will lay out more of what Mexico has agreed to so far in the renegotiation of the North American Free Trade Agreement. While Robert Lighthizer portrayed the preliminary agreement in principle announced in late August as exclusively bilateral, it may include at least a…
[ad_1] Strength in the manufacturing sector helped the Canadian economy grow more than expected in July and boost expectations the Bank of Canada will raise its key interest rate next month. Statistics Canada said Friday real gross domestic product grew by 0.2 per cent in July, an increase that followed essentially no change in June.…
[ad_1] German investment bank UBS has deemed Toronto and Vancouver to have among the world’s biggest housing bubbles, with mispricing that’s even more pronounced than it is in expensive cities like Paris and San Francisco. In an annual report published Thursday, the Swiss bank looked at 20 cities around the world that are considered to…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources. FILE PHOTO: Tesla Chief Executive Office Elon Musk speaks at…
[ad_1] LONDON (Reuters) – Global investors increased holdings of U.S. equities to their highest since May 2015 in September while reducing their exposure to emerging-market assets, where a majority believe the shake-out still has some way to go. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] WASHINGTON (Reuters) – The Trump administration is expected to release the text of its trade agreement with Mexico as early as Friday, launching a contentious congressional approval process as it tries to coax Canada into a revamped North American Free Trade Agreement. FILE PHOTO: A commercial truck with a Canada, United States and Mexico…
[ad_1] COPENHAGEN (Reuters) – Denmark’s Novo Nordisk NOVOB.CO will cut around 250 jobs in the United States, a spokesman told Reuters on Friday, adding the drugmaker would also hire an as-yet undetermined number of staff to new positions. FILE PHOTO: A Novo Nordisk employee controls a machine at an insulin production line in a plant…
[ad_1] PARIS (Reuters) – Airbus is moving swiftly toward appointing planemaking head Guillaume Faury as its next chief executive after accelerating the search for a successor to outgoing Tom Enders to address a growing leadership vacuum, people familiar with the matter said. FILE PHOTO: Airbus Commercial Aircraft President Guillaume Faury poses during the unveiling of…
[ad_1] LONDON (Reuters) – Italy’s government bonds, European stock markets and the euro were hit hard on Friday after Rome agreed to set a higher than expected budget deficit target that could put it on a collision course with Brussels. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange…
[ad_1] BRUSSELS (Reuters) – The Belgian defense ministry will sue Google (GOOGL.O) for not complying with its requests to blur satellite images of sensitive military sites, a ministry spokeswoman said on Friday. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song/File Photo…
[ad_1] LONDON (Reuters) – The euro slipped below $1.16 on Friday for the first time in two weeks after Italy’s government agreed a budget seen by some investors as defying Brussels. FILE PHOTO: A shop cash register is seen with both Sterling and Euro currency in the till at the border town of Pettigo, Ireland…
[ad_1] The operator of the Donkin coal mine in Cape Breton has abandoned a court appeal and is accepting strong federal sanctions for overpaying temporary foreign workers. A 2016 Service Canada investigation found Kameron Coal was paying Americans far more than it said it would when the jobs were advertised to Canadians. The company was contesting…
[ad_1] LONDON (Reuters) – The euro fell to an eleven-day low on Friday after Italy’s government agreed a budget overnight seen by some investors as defying Brussels. An illustration picture shows a one euro coin, April 8, 2017. REUTERS/Kai Pfaffenbach Political wrangling over the budget in heavily indebted Italy has put a lid on a…
[ad_1] LONDON (Reuters) – The euro fell on Friday to its lowest in nearly two weeks while Italy’s bond yields hit their highest in three after the government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels. FILE PHOTO: Men exchange greetings in front…
[ad_1] Many in Canada’s business community are waking up to the realities of climate change because they are bearing the brunt of paying for it — and starting to plan accordingly. Jim Manderville knows first-hand the types of destructive weather-related events that businesses are having to deal with. A senior project manager for large loss at Toronto-based…
[ad_1] BERLIN (Reuters) – German carmakers may offer owners of vehicles affected by driving bans vouchers for hardware upgrades by suppliers such as Baumot (TINCk.DE) or HJS, German daily Frankfurter Allgemeine Zeitung (FAZ) reported on Friday, without citing sources. FILE PHOTO: A market ready particulate filter retrofit system for passenger cars to avoid diesel emission…
[ad_1] SHANGHAI (Reuters) – Japan’s Nikkei raced to a 27-year high on Friday on the back of a lower yen and improved prospects for corporate earnings, while optimism over the U.S. economy’s short-term outlook supported broad risk appetite and the dollar. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei…
[ad_1] SHANGHAI (Reuters) – Japan’s Nikkei touched a 27-year high on Friday, taking heart from a boost for the dollar after the U.S. Federal Reserve chairman said he did not expect a near-term recession. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission accused Tesla Inc (TSLA.O) Chief Executive Elon Musk on Thursday of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last…
[ad_1] NEW YORK/LONDON (Reuters) – Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals. FILE PHOTO: A sign on the Qualcomm campus…
[ad_1] TOKYO (Reuters) – The dollar was in fine fettle against its peers on Friday, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year. FILE PHOTO: A woman counts U.S.…
[ad_1] SHANGHAI (Reuters) – Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average…
[ad_1] TOKYO (Reuters) – The dollar stood tall against its peers on Friday, hovering near a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year. FILE PHOTO: A woman counts U.S. dollar bills…
[ad_1] SHANGHAI (Reuters) – In a Shanghai bistro, surrounded by brass trimmed lamps and Italian marble, models and Chinese stars sported outfits of black, white and electric purple, the signature colors of veteran American fashion designer Anna Sui. FILE PHOTO: A Pizza Hut restaurant is seen in a mall in Shanghai, China September 18, 2018.…
[ad_1] SHANGHAI (Reuters) – Shares in Asia inched higher on Friday, following gains on Wall Street overnight after news of robust U.S. economic growth, with the chairman of the Federal Reserve saying the United States does not face a large chance of near-term recession. FILE PHOTO: Men exchange greetings in front of an electronic board…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – The top U.S. securities regulator on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month.…
[ad_1] SEATTLE/ORLANDO, Fla. (Reuters) – Blue Origin, the space company founded by Amazon.com Inc (AMZN.O) Chief Executive Officer Jeff Bezos, has won a contract to supply engines for United Launch Alliance’s massive Vulcan rocket, the companies said on Thursday. FILE PHOTO: Amazon and Blue Origin founder Jeff Bezos addresses the media about the New Shepard…
[ad_1] WASHINGTON (Reuters) – Boeing Co (BA.N) was selected to build the U.S. Air Force’s next training jet in a contract worth up to $9.2 billion over the life of the program, the Air Force said on Thursday. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at…
[ad_1] (Reuters) – The Reuters story “Apple shaves cost from displays in newest iPhones -analyst firm” published Sept. 25 is withdrawn because analyst firm TechInsights of Canada now says its analysis of Apple’s iPhone Xs Max parts was inaccurate and that parts were not removed from the iPhone’s display. There will be no replacement story.…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – U.S. securities regulators on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month. Musk, 47,…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I) is bracing on Friday for another strike by staff as walkouts in six European countries, mainly cabin crew, force flight cancellations that will disrupt the plans of more than 40,000 travellers. FILE PHOTO: A Ryanair Boeing 737 aircraft approaches Paris-Beauvais airport in Tille, northern France, September 27, 2018. REUTERS/Christian…
[ad_1] NEW YORK (Reuters) – A U.S. judge on Thursday ordered Goldman Sachs Group Inc (GS.N), JPMorgan Chase & Co (JPM.N) and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market. FILE PHOTO: A view of the Goldman…