[ad_1] When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed’s statement may also discuss potential risks from…
[ad_1] WASHINGTON (Reuters) – General Motors Co (GM.N) plans to announce on Wednesday that it has tapped a former Trump administration economic and trade adviser to head its public policy efforts, a person briefed on the matter said. FILE PHOTO: Everett Eissenstat, speaks at a news conference in San Salvado August 25, 2010. REUTERS/Luis Galdamez…
[ad_1] Quebec-based cannabis company Hydropothecary is partnering with Molson Coors to develop non-alcoholic cannabis-infused drinks in Canada. They will form a standalone company with its own board of directors and independent management. Molson Coors will control 57.5 per cent of the unnamed venture, the company said in a news release. Hydropothecary would own the rest. “The new company…
[ad_1] MUMBAI(Reuters) – Sometimes keeping ahead of the game means learning some tricks from rivals – a strategy Samsung Electronics Co Ltd (005930.KS) hasn’t been too proud to adopt in India where Xiaomi Corp (1810.HK) and other Chinese brands have made hefty inroads. A worker cleans a Samsung showroom in New Delhi, India, July 27,…
[ad_1] ST. PAUL, Minn. (Reuters) – In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water – a physical impossibility that should cause a short circuit. FILE PHOTO: A sign is painted on a parking space for electric cars in Hong Kong. REUTERS/Tyrone Siu…
[ad_1] (Reuters) – S&P futures were little changed on Wednesday as Apple’s stellar results helped stem concerns over the future growth of the tech sector, but fears of an escalating tariff war between the United States and China capped gains. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] (Reuters) – With Wells Fargo & Co’s (WFC.N) revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s closely watched efficiency ratio will return to pre-scandal levels. FILE PHOTO: People walk by a Wells Fargo banking location in Pasadena, California, U.S., September 8,…
[ad_1] BOSTON (Reuters) – Billionaire hedge fund manager David Einhorn told investors on Tuesday that a sharp rally in Tesla Inc shares, which he bet against, turned into heavy second-quarter losses at his Greenlight Capital fund, and stuck by his dim outlook for the electric carmaker. David Einhorn, President of Greenlight Capital, Inc., presents during…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) is planning to invest $5 billion to build a factory in China, Bloomberg reported on Wednesday, citing a source. FILE PHOTO: A Tesla logo adorns a ‘Model S’ car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo Tesla is considering raising funds in China to…
[ad_1] LONDON (Reuters) – World stocks fell and the dollar strengthened on Wednesday on fears of an imminent escalation in the U.S.-China tariff war, although strong corporate earnings eased investor concerns about a recent sell-off in the tech sector. FILE PHOTO: A trader sits in front of the computer screens at his desk at the…
[ad_1] TOKYO (Reuters) – Misaki Harada wants to quit her job as a receptionist at a restaurant management company in Tokyo and move into marketing for an apparel maker. FILE PHOTO: Office workers are reflected in a glass railing as they cross a street during lunch hour in Tokyo June 1, 2015. REUTERS/Thomas Peter/File Photo…
[ad_1] Canadians should brace for higher prices on everything from soda to soup as manufacturers begin to feel the impact of the U.S.-Canada trade war and pass on the cost of aluminum and other tariffs to retailers. PepsiCo Beverages Canada recently advised retailers that it plans to raise its prices by about a penny per can, starting…
[ad_1] HONG KONG/SINGAPORE (Reuters) – China’s Huawei Technologies overtook Apple Inc (AAPL.O) to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home. FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer…
[ad_1] SHANGHAI (Reuters) – Asian shares gave up ground on Wednesday, with weak data in the region and fears of an imminent escalation in the tariff war between the United States and China pulling markets lower even as strong earnings out of the U.S. provided some support. A woman walks in strong wind caused by…
[ad_1] HONG KONG (Reuters) – Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners. FILE PHOTO: A worker walks past second-hand robots in a factory in Shanghai, August 21, 2015. REUTERS/Aly Song/File Photo…
[ad_1] BEIJING (Reuters) – Chinese internet search giant Baidu (BIDU.O) beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the pressure of funding a major expansion into new technology areas. FILE PHOTO: Members of staff work at the Baidu booth during Global Mobile Internet…
[ad_1] GENEVA/MEXICO CITY (Reuters) – Mexican negotiators are optimistic about the possibility of getting a NAFTA deal and are hopeful of progress in coming days, the country’s deputy economy minister said ahead of a second ministerial meeting in Washington later this week. FILE PHOTO: Juan Carlos Baker, Mexico’s deputy minister for foreign trade, speaks during…
[ad_1] SHANGHAI (Reuters) – Most Asian shares crept higher on Wednesday following a firm Wall Street finish, but gains were curbed by weak data in the region and intensifying fears over volatile Sino-U.S. trade relations. A woman walks in strong wind caused by Typhoon Lan, past an electronic board showing the graphs of the recent…
[ad_1] HONG KONG (Reuters) – Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners. FILE PHOTO: A worker walks past second-hand robots in a factory in Shanghai, August 21, 2015. REUTERS/Aly Song/File Photo…
[ad_1] BEIJING (Reuters) – Chinese internet search giant Baidu Inc (BIDU.O) surpassed expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business. FILE PHOTO: Members of staff work at the Baidu booth during Global Mobile Internet Conference (GMIC) at the National Convention in Beijing, China April 27,…
[ad_1] About 3,000 WestJet cabin crew employees are now closer to being unionized after the Canada Industrial Relations Board (CIRB) issued an interim order, the Canadian Union of Public Employees (CUPE) said in mass email communication Tuesday. “This is an amazing step forward for WestJetters,” the statement reads. “We knew that we could do it together.…
[ad_1] SHANGHAI (Reuters) – Asian shares were higher on Wednesday, tracking the firmer Wall Street finish though reports that Washington plans to raise tariffs on $200 billion of Chinese goods have put the focus back on volatile Sino-U.S. trade relations. A woman walks in strong wind caused by Typhoon Lan, past an electronic board showing…
[ad_1] WASHINGTON (Reuters) – The Trump administration plans to propose a 25 percent tariff on $200 billion in Chinese imports and an announcement could come as early as Wednesday, a source familiar with the plan said on Tuesday. Shipping containers are seen on a cargo vessel at the Dachan Bay Terminals in Shenzhen, Guangdong province,…
[ad_1] NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp’s (SHLD.O) best real estate. FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha…
[ad_1] NEW YORK (Reuters) – SL Green Realty Corp (SLG.N), a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One Vanderbilt, a marquee office tower that is part of a bevy of new buildings redefining the city’s skyline. FILE PHOTO: A general view…
[ad_1] (Reuters) – Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple Music and iCloud services bolstering business. FILE PHOTO: A customer uses the new face-recognition software on the new iPhone X inside the Apple Store in Regents Street…
[ad_1] (Reuters) – Chinese internet search giant Baidu Inc on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement business. FILE PHOTO: Members of staff work at the Baidu booth during Global Mobile Internet Conference (GMIC) at the National Convention in Beijing, China April 27, 2018.…
[ad_1] FRANKFURT (Reuters) – Activist investor Elliott wants Thyssenkrupp (TKAG.DE) to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a leadership crisis at the German engineering group. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25,…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 27, 2018. REUTERS/Lucas Jackson Both the…
[ad_1] Apple Inc. on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud. Apple beat sales estimates in part by selling fewer but pricier iPhones than analysts expected.…
[ad_1] Facebook said it has uncovered “sophisticated” efforts, possibly linked to Russia, to influence U.S. politics on its platforms. The company said it removed 32 accounts from Facebook and Instagram because they were involved in “co-ordinated” political behaviour and appeared to be fake. Nearly 300,000 people followed at least one of the accounts. Facebook stopped…
[ad_1] LOS ANGELES (Reuters) – Los Angeles prosecutors said on Tuesday that they had declined to pursue three accusations of sexual abuse against CBS Corp (CBS.N) Chief Executive Les Moonves dating back to the 1980s because the statute of limitations had expired. FILE PHOTO: Leslie Moonves, president and CEO of CBS Corporation speaks at the…
[ad_1] BEIJING (Reuters) – China will keep its economic growth within a reasonable range and achieve this year’s target despite challenges, the state-run Xinhua news agency said on Tuesday as a trade war with the United States intensifies. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) Chief Executive Ian Read said on Tuesday he believes the Trump administration intends to stop the practice of allowing rebates on prescription drug purchases, suggesting that U.S. drug pricing reforms may focus on middlemen rather than drugmakers. “I believe the administration does want to remove rebates, and they consider…
[ad_1] (Reuters) – More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc (CMG.N) restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at the Chipotle Next Kitchen in Manhattan,…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, led by gains in industrials and a rebound in technology stocks, after a report that the United States and China hoped to resume talks to defuse a trade war between the world’s two largest economies. Traders work on the floor of the New York Stock Exchange shortly…
[ad_1] Istio, the service mesh for microservices from Google, IBM, Lyft, Red Hat and many other players in the open-source community, launched version 1.0 of its tools today. If you’re not into service meshes, that’s understandable. Few people are. But Istio is probably one of the most important new open-source projects out there right now.…
[ad_1] NEW YORK (Reuters) – Global equity markets rebounded on Tuesday on a report that said the United States and China hoped to resume talks to defuse a budding trade war, while the dollar jumped against the yen after the Bank of Japan said it intends to keep interest rates low. FILE PHOTO: Traders work…
[ad_1] Canadian e-commerce darling Shopify Inc. appears to be settling into a pattern of slowing growth. The Ottawa-based company revealed Tuesday that its year-over-year revenue grew by 62 per cent in the company’s second quarter, down from 68 per cent the quarter before and 75 per cent, which it posted in the first quarter of…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) lowered its revenue forecast for this year, blaming the stronger dollar, and increased its planned spending on research and development, as the drugmaker works to launch new drugs to replace declining sales from its established products like Viagra. FILE PHOTO: The Pfizer logo is seen at their world headquarters…
[ad_1] George Weston Ltd. says its second-quarter net income plunged 77.6 per cent to $28 million and adjusted earnings slipped to $210 million, below analyst estimates on both counts. The Toronto-based grocery, pharmacy and bakery company says its net income per share dropped to 21 cents from $160 million or $1.23 per share in last…
[ad_1] WestJet Airlines Ltd. reported a rare loss of $20.8 million in the second quarter as it was beset by a labour dispute with its pilots, higher fuel prices and increased competition. The loss amounted to 18 cents per share, which was better than analyst estimates, but down from a year-earlier profit of $48.6 million…
[ad_1] Canada’s economy grew by half a per cent in May, almost twice what economists were expecting, partly because of a strong rebound in the oil and gas sector. The country’s gross domestic product expanded by 2.6 per cent in the 12 months up to May, led by growth in mining, quarrying, and oil and…
[ad_1] The Manulife Financial insurance company says it will launch the first medical marijuana program in Canada this fall in conjunction with Shoppers Drug Mart. Manulife says the program will be available as an option for participating group and individual health insurance plans. Under the partnership, Shoppers Drug Mart pharmacists at an Ontario-based patient care…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) topped Wall Street estimates for quarterly profit on Tuesday, driven by higher sales of its cholesterol and arthritis drugs, but the biggest U.S. drugmaker lowered its full-year revenue forecast due to a stronger dollar. FILE PHOTO: The Pfizer logo is seen at their world headquarters in New York April…
[ad_1] TOKYO (Reuters) – Japan’s central bank pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting its view it would take longer for inflation to hit its target. At a two-day rate review that ended on Tuesday, the Bank of…
[ad_1] TOKYO (Reuters) – Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace. FILE PHOTO: Panasonic’s logo is seen on a wall of an electronic shop…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. FILE PHOTO: The logo of Samsung Electronics is seen at its office…
[ad_1] LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley,…
[ad_1] The gap between the haves and the have-nots is getting wider in Canada — and the country’s lack of an inheritance tax is a big reason why, according to a new report from the left-leaning think-tank Canadian Centre for Policy Alternatives. In a report released Tuesday, CCPA economist David Macdonald looked at inequalities in wealth between those on…
[ad_1] The ongoing war between some Tim Hortons’ owners and their U.S.-based corporate parent is costing everyone: Sales have struggled for six straight quarters and the brand’s reputation has plummeted. But the new chief corporate officer of Restaurant Brands International says the iconic coffee-and-doughnut chain is going to be just fine. Duncan Fulton has come in as a gentler, kinder — and very Canadian —…
[ad_1] The truck traffic at Inter Pipeline’s construction site northeast of Edmonton seems to never stop, nor does the work on the foundation of its $3.5-billion petrochemical complex. It’s full steam ahead for the project, which in roughly four years’ time will begin turning propane into polypropylene — a high-value plastic used in things like chairs, piping, medical equipment and rugs. It…
[ad_1] TOKYO (Reuters) – The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target. FILE PHOTO: A Japanese flag flutters on the…
[ad_1] SYDNEY (Reuters) – Bond prices gained on Tuesday while the dollar pared early losses on the yen amid guarded reaction to what was seen as only minor tweaks to the Bank of Japan’s (BOJ) ultra easy monetary policy. An electronic board showing the Nikkei share average is seen as market prices are reflected in…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates. FILE PHOTO: The Federal…
[ad_1] TOKYO (Reuters) – Japanese automotive components maker Denso Corp (6902.T) said on Tuesday that it expects to take a hit of up to 80 billion yen ($719 million) this year if the United States raises auto tariffs, Japanese media reported. Denso, the biggest supplier to Toyota Motor Corp (7203.T), said U.S. tariffs on aluminum…
[ad_1] TOKYO (Reuters) – The Bank of Japan pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus program more flexible on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.[T9N1TD07B] COMMENTS: HIROAKI MUTOU, CHIEF ECONOMIST, TOKAI TOKYO…
[ad_1] TOKYO (Reuters) – The United States and Japan are making final arrangements to hold their first bilateral trade talks in Washington on Aug. 9, Japanese public broadcaster NHK reported on Tuesday. FILE PHOTO: U.S. President Donald Trump speaks as he hosts a joint news conference with Japan’s Prime Minister Shinzo Abe at Trump’s Mar-a-Lago…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday due in part to weak sales of its Galaxy S9 smartphones, and warned of tougher competition ahead for the struggling mobile sector. FILE PHOTO: The logo of Samsung Electronics is seen at its…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South…
[ad_1] TOKYO (Reuters) – The Bank of Japan will likely trim its inflation forecasts on Tuesday and consider changes to its massive stimulus program to make it more sustainable, reflecting a growing recognition it will take longer than expected to meet its elusive price goal. FILE PHOTO: A Japanese flag flutters on the Bank of…
[ad_1] RIO DE JANEIRO (Reuters) – Embraer (EMBR3.SA) said on Monday it will defend itself against a lawsuit brought by leftist lawmakers aimed at halting a bid by Boeing Co (BA.N) to take over most of the Brazilian planemaker’s commercial jet unit, the latest legal headache for the proposed tie-up. The Brazilian aviation company Embraer…
[ad_1] A new planned route for TransCanada’s Keystone XL pipeline through Nebraska would not have a major impact on the state’s water, land or wildlife, according to an updated environmental study produced by the Trump administration. The U.S. State Department released a draft study Monday of the pipeline’s potential environmental impact in Nebraska, where opponents…
[ad_1] SYDNEY (Reuters) – Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus. An electronic board showing the Nikkei share average is seen…
[ad_1] (Reuters) – Harley-Davidson Inc (HOG.N) is launching lightweight motorcycles in Asia and electric bikes globally in the hope of reviving demand, as it faces falling sales in the United States and the threat of trade tariffs adding to its costs. The 115-year-old Milwaukee-based company, known for its heavy touring motorcycles, is trying to boost…
[ad_1] (Reuters) – Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, the burrito chain said on Monday. A logo of Chipotle Mexican Grill is seen on one of their bags in Manhattan, New York November 23, 2015. REUTERS/Andrew Kelly At least two customers wrote…
[ad_1] (Reuters) – CBS Corp’s (CBS.N) board left Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter, the company said in a statement. It was not immediately clear if Moonves would…
[ad_1] (Reuters) – Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, Business Insider reported on Monday. A logo of Chipotle Mexican Grill is seen on one of their bags in Manhattan, New York November 23, 2015. REUTERS/Andrew Kelly Chipotle is not aware of any…
[ad_1] (Reuters) – Uber [UBER.UL] will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars. A partially self driving Uber semi truck at the Mcity autonomous vehicle testing facility in Ann Arbor Michigan, U.S., September 12, 2017.…
[ad_1] (Reuters) – A broad sell-off of technology stocks pushed the three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high. Traders work on the floor of the New…
[ad_1] (Reuters) – CBS Corp’s (CBS.N) board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter. The CBS broadcasting logo is seen outside their headquarters in Manhattan, New…
[ad_1] An industry analyst says Air Canada needs to “materially raise” its $250 million cash offer to purchase Aimia Inc.’s Aeroplan loyalty program. Adam Shine of National Bank Financial wrote in a report Monday that last week’s offer isn’t enough to support the current stock price of around $3.50 given the costs associated with a…
[ad_1] NEW YORK (Reuters) – Bitcoin fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices and other risky assets, weighed down by further losses in technology and internet companies. FILE PHOTO: A sign is seen outside a business where a Bitcoin ATM is located in Toronto, Ontario, Canada June 3, 2017.…
[ad_1] Apple Inc. reports after the closing of stock market trading on Tuesday with much of the attention likely to be focused once again on the future of the company’s key product, the iPhone. According to Bloomberg, analysts’ consensus forecast for adjusted earnings per share for the quarter stood at $2.16 US. The consensus revenue forecast for the…
[ad_1] Nobody really likes meetings — and the few people who do like them are the ones with whom you probably don’t want to have meetings. So when you’ve reached your fill and decide to reschedule some of those obligations, the usual process of trying to find a new meeting time begins. Thankfully, the Google…
[ad_1] (Reuters) – General Electric Co (GE.N) is looking to sell key parts of its digital business, the Wall Street Journal reported. FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File…
[ad_1] Every artificial intelligence startup or corporate R&D lab has to reinvent the wheel when it comes to how humans annotate training data to teach algorithms what to look for. Whether it’s doctors assessing the size of cancer from a scan or drivers circling street signs in self-driving car footage, all this labeling has to…
[ad_1] MILAN/LONDON (Reuters) – Ferrari’s (RACE.MI) new boss Louis Camilleri has big shoes to fill but the tobacco industry veteran may have just what is needed to steer the luxury sportscar maker through its next lap, analysts and industry insiders said. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa…
[ad_1] NEW YORK (Reuters) – The dollar slipped against the euro on Monday ahead of key central bank monetary policy meetings this week and a gauge of global equity markets fell, pulled down by a slide in U.S. technology heavyweights. Most major currencies stuck to narrow trading ranges as the Bank of Japan ends a…
[ad_1] EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts…
[ad_1] For 17 years, Boota Uppal ran the Sears Hometown store in downtown Terrace, B.C., until the nationwide chain was closed last year. But losing Sears is not stopping Uppal who is back in business, opening a similar department store under a different name in the same location. “When we heard in October [that Sears was closing],…
[ad_1] HELSINKI (Reuters) – Nokia (NOKIA.HE) reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with T-Mobile (TMUS.O). “The outlook provided in the Nokia Financial Report for Q2 and Half Year 2018 issued on July 26, 2018 fully included the expected impact of the agreement with T-Mobile announced today, and…
[ad_1] (Reuters) – Tyson Foods Inc (TSN.N) cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent. Tyson food meat products are shown in this photo illustration. REUTERS/Mike Blake Following U.S. tariffs on imported…
[ad_1] (Reuters) – Harley-Davidson Inc (HOG.N) is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs. FILE PHOTO: Harley Davidson motorcycles are displayed for sale at a showroom in London, Britain,…
[ad_1] (Reuters) – U.S. stocks opened little changed on Monday as weakness in tech stocks offset gains in energy companies which rose on the back of higher oil prices and as industrials got a lift from Caterpillar’s upbeat quarterly earnings. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] LONDON (Reuters) – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root. Headquarters of Finnish telecommunication network company Nokia are seen in…
[ad_1] LONDON (Reuters) – Delays to the planned sale of Toshiba’s (6502.T) NuGen nuclear project in Britain have prompted a review of the roles of 60 direct employees, who are mainly based in Manchester, raising further doubts over its future. A company logo is seen outside the office of NuGen in Whitehaven, Britain February 13,…
[ad_1] (Reuters) – Dow futures got a slight boost on Monday after an encouraging report from Caterpillar, a bellwether for global economic activity, while S&P and Nasdaq futures remained under pressure from technology stocks. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July…
[ad_1] (Reuters) – State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday. The Air India logo is seen on the facade of its office building in…
[ad_1] EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has moved a “large part” of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday. FILE PHOTO: The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo The shift by Germany’s largest bank is a boon to Deutsche…
[ad_1] (Reuters) – Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo will announce a series of investment initiatives in Asia on Monday focusing on digital economy, energy and infrastructure. FILE PHOTO: U.S. Secretary of State Mike Pompeo at a press conference at the Ministerial to Advance Religious Freedom at the…
[ad_1] MILAN (Reuters) – World stocks fell and the dollar steadied on Monday as a busy week of central bank meetings and company updates started. Japanese government bonds sold off before possible monetary policy tweaks. A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas…
[ad_1] Even as U.S. President Donald Trump crowed last week about an economic growth rate above four per cent, he continued to butt heads with a widely held principle of economics — that success springs from greater and greater efficiency. “I am thrilled to announce that in the second quarter of this year, the U.S. economy grew at the…
[ad_1] BEIJING (Reuters) – China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue. Britain’s Foreign Secretary Jeremy Hunt (L) shakes hands with China’s…
[ad_1] MOSCOW (Reuters) – MMK, one of Russia’s largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview. Andrey Eremin, Director for Economics of Russia’s steel producer MMK, speaks during an interview…
[ad_1] BEIJING (Reuters) – China’s door of dialogue with the United States on bilateral trade frictions remains open, State Councillor Wang Yi said on Monday, reiterating that Beijing does not want a trade war. China’s Foreign Minister Wang Yi attends a joint news conference with Britain’s Foreign Secretary Jeremy Hunt at the Diaoyutai State Guesthouse…
[ad_1] LUFKIN, Texas/LONDON (Reuters) – In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s (BP.L) shale business turn a profit for the first time. The BP America Gasosaurus Gas Unit well site is pictured in Lufkin, Texas, U.S., June 13, 2018. REUTERS/Jonathan Bachman Thousands of automated wells feed…
[ad_1] BEIJING (Reuters) – China has offered to open discussions on a post-Brexit free trade deal with Britain, British Foreign Minister Jeremy Hunt said in Beijing on Monday. Britain’s Foreign Secretary Jeremy Hunt (L) speaks during his meeting with China’s Foreign Minister Wang Yi (not pictured) at the Diaoyutai State Guesthouse in Beijing, China July…
[ad_1] SYDNEY (Reuters) – Asian share markets drifted lower on Monday while currencies kept to familiar ranges at the start of a busy week peppered with central bank meetings, corporate results and updates on U.S. inflation and payrolls. A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March…
[ad_1] SINGAPORE (Reuters) – A big drag on Singapore’s growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren’t betting on a return to the glory days anytime soon. FILE PHOTO: Tugboats pass jack-up rigs at a Keppel FELS shipyard in Singapore January 21, 2014.…
[ad_1] NEW YORK (Reuters) – U.S. stock index futures dipped late on Sunday ahead of a week when more than 140 S&P 500 companies, including Apple Inc (AAPL.O), will report earnings. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid At 9:07 p.m.,…
[ad_1] (Reuters) – CBS Corp’s board will discuss the investigation into allegations of personal misconduct against the U.S. broadcasting and media company’s Chief Executive Leslie Moonves on Monday, according to two people familiar with the matter. Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S.,…
[ad_1] SYDNEY (Reuters) – Asian share markets drifted lower on Monday while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on U.S. inflation and payrolls. A man looks at an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016.…
[ad_1] Canada will join Mexico and European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Japan and the European Union organized the meeting for Tuesday in Geneva, where vice and deputy ministers from Canada, the EU, Japan…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday that he believes the quickening pace of growth in the nation’s economy in the second quarter will persist for the next few years. FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin arrives for a news conference at the G20 Meeting of Finance…
[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. Higher prices on Loblaws shelves If you buy your groceries at Loblaws, you’ll likely be paying more at the checkout soon. Loblaw CEO Galen Weston said…
[ad_1] Points thieves are on the prowl. Loyalty programs Aeroplan and PC Optimum have each recently been hit with multiple cases of points theft. Flights have even been booked using stolen Aeroplan miles. “I was blown away,” said Christina Rayburn, after discovering that someone had swiped most of the miles from her online Aeroplan account and…
[ad_1] BEIJING (Reuters) – German carmaker BMW (BMWG.DE) said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market. FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto…
[ad_1] BEIJING (Reuters) – German carmaker BMW (BMWG.DE) said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to take into account the additional cost of tariffs on U.S. car imports into the world’s biggest auto market. FILE PHOTO: The BMW logo is seen on a vehicle at the New York…
[ad_1] MEXICO CITY/OTTAWA (Reuters) – Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar with the talks said. FILE PHOTO: Employees work at an…
[ad_1] BUENOS AIRES (Reuters) – Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. G20 Agriculture Ministers is seen at an visit at the 132th annual…
[ad_1] LONDON (Reuters) – British travel company Thomas Cook (TCG.L) is considering splitting off its airline and selling a stake to an outside investor to reduce debt, the Sunday Times newspaper reported. The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration The newspaper, citing unnamed industry sources, said internal…
[ad_1] JERUSALEM (Reuters) – Israel’s Bank Leumi (LUMI.TA) and Azrieli Group (AZRG.TA) have agreed to sell their credit card business Leumi Card to the U.S. private equity firm Warburg Pincus for 2.5 billion shekels ($685 million). Pedestrians are reflected in the windows of a Bank Leumi branch in Tel Aviv May 30, 2013. REUTERS/Nir Elias/File…
[ad_1] JERUSALEM (Reuters) – Israel’s Bank Leumi (LUMI.TA) said on Saturday it had agreed to sell its 80 percent stake in credit card unit Leumi Card to U.S. private equity firm Warburg Pincus in a deal valuing the company at 2.5 billion shekels ($685 million). Pedestrians are reflected in the windows of a Bank Leumi…
[ad_1] BUENOS AIRES (Reuters) – The G20 agriculture ministers gathered in Buenos Aires this weekend had a “frank discussion” about the fact that they do not want unilateral protectionist measures, German Agriculture Minister Julia Klockner told reporters on Saturday. G20 Agriculture Ministers is seen at an visit at the 132th annual Argentine Rural Society’s Palermo…
[ad_1] Tech firms like Facebook should be made liable for “harmful and misleading” material on their websites and pay a levy so they can be regulated, British lawmakers said, warning of a crisis in democracy due to misuse of personal data. Facebook has increasingly become a focus of the media committee’s inquiry into “fake news”…
[ad_1] BUENOS AIRES (Reuters) – Agriculture ministers from the G20 countries said on Saturday they were concerned about the increasing use of protectionist non-tariff trade measures inconsistent with World Trade Organization (WTO) rules. G20 Agriculture Ministers is seen at an visit at the 132th annual Argentine Rural Society’s Palermo livestock and agriculture camp exhibition in…
[ad_1] BUENOS AIRES (Reuters) – Agriculture ministers from the G20 countries said they were concerned about the increasing use of protectionist non-tariff trade measures inconsistent with World Trade Organization (WTO) rules, according to a communique released on Saturday. G20 Agriculture Ministers is seen at an visit at the 132th annual Argentine Rural Society’s Palermo livestock…
[ad_1] BUENOS AIRES (Reuters) – The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. German Minister of Food and Agriculture Julia Kloeckner speaks at an interview with Reuters during…
[ad_1] At El Furniture Warehouse in London, Andrea says posting stories and photos online while at work is part of the job. Andrea is a server at the popular Richmond Row bar. She agreed to speak to the CBC if her real identity was not revealed. She fears losing her job. Andrea says, when business is slow, managers will round up…
[ad_1] One evening this week, Emily Yu sat up until 2 a.m. angrily responding to comments posted on a TV news website in reaction to a story about her battle with other residents in her townhouse complex, called a strata. The next morning found Yu sipping coffee in her kitchen opposite a groggy boarder from New Zealand. On the…
[ad_1] DUBAI (Reuters) – Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely U.S. sanctions and the exit of many foreign companies. Iran’s President Hassan Rouhani attends a news conference at the…
[ad_1] When Facebook posted its quarterly results on Wednesday, the stock market sell-off that followed was dramatic. By the time the market closed the next day, the company had lost $100 billion in shareholder value. It was the biggest sell-off in Wall Street history. A market meltdown like that inevitably left the company’s investors wondering “What’s next for…
[ad_1] As cities, provinces and Ottawa squabble over who will pick up the tab for the latest influx of refugees, it’s worth taking a look at what the bill really is and why. Ontario’s government is demanding Ottawa dispatch $200 million to the province to pay for the costs associated with asylum seekers illegally crossing into…
[ad_1] CHICAGO (Reuters) – When Caterpillar Inc (CAT.N) reports earnings on Monday, investors will focus on the heavy equipment maker’s ability to adjust its prices in the face of rising materials costs that are expected to pressure profit margins. FILE PHOTO: Caterpillar Inc. equipment is on display for sale at a retail site in San…
[ad_1] (Reuters) – Interactive Brokers Group said on Friday it will increase margin requirements for clients making Tesla Inc bets due to recent volatility in shares of Elon Musk’s electric car company. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Friday hailed a report on economic growth as a sign that the economy was mounting a remarkable turnaround under his stewardship. The facts are more nuanced. A trader works on the floor of the New York Stock Exchange as U.S. President Donald Trump speaks on the…
[ad_1] MOSCOW (Reuters) – Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters. FILE PHOTO: National flags of Russia and the U.S. fly…
[ad_1] (Reuters) – A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) vehicles whose fuel economy was inflated. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its dealership…
[ad_1] BEIJING (Reuters) – China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the Sino-U.S. trade war, policy sources told Reuters. FILE PHOTO: Two dogs wander on a waste land, covered by green dust after buildings in the area…
[ad_1] NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) apologized on Friday to customers who were having issues with their bank accounts after getting a stream of complaints on social media about checks not clearing or mobile deposits not working. FILE PHOTO: A Wells Fargo stagecoach is seen at the SIBOS banking and financial…
[ad_1] NEW YORK (Reuters) – World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The MSCI All-Country…
[ad_1] BERLIN (Reuters) – An agreement by the European Union to increase soy imports from the United States will not harm EU farmers, German Agriculture Minister Julia Kloeckner said in an interview published on Saturday. Julia Kloeckner leaves a Christian Democratic Union (CDU) leadership meeting in Berlin, Germany, July 2, 2018. REUTERS/Hannibal Hanschke European Commission…
[ad_1] (Reuters) – Institutional Shareholder Services Inc (ISS), a shareholder advisory firm whose recommendations are followed by major mutual funds, said on Friday that Rite Aid Corp (RAD.N) investors should vote down its $24 billion merger with Albertsons Cos. A pedestrian passes a sign for a Rite Aid pharmacy in Somerville, Massachusetts, U.S., June 29,…
[ad_1] NEW YORK (Reuters) – The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said. People walk by a Wall Street…
[ad_1] (Reuters) – U.S. broadcasting and media company CBS Corp (CBS.N) said it was investigating claims of personal misconduct by its chief executive Leslie Moonves made in a New Yorker magazine article that was published on Friday. The allegations against Moonves surfaced as he is locked in a legal battle over control of CBS with…
[ad_1] NEW YORK (Reuters) – New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber [UBER.UL] and others, which warned that those living in far-flung neighborhoods will suffer most. A car with an Uber logo on it drives down the…
[ad_1] WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. President Donald Trump, who ahead of Friday’s release of the gross…
[ad_1] CBS says independent members of its board of directors are investigating personal misconduct claims after the New Yorker reported that six women who had professional dealings with the CEO of CBS, Les Moonves, say he sexually harassed them between the 1980s and late 2000s. The media company says it takes all allegations of personal misconduct seriously. It says the independent…
[ad_1] TULARE, Calif. (Reuters) – Stephen Mancebo, a fourth-generation California dairy farmer with 2,300 cows, has battled ups and downs in his temperamental industry for a quarter-century only to find himself a casualty of a U.S trade war with one of his biggest customers – Mexico. Cows are feeding at Mancebo Holsteins in Tulare, California,…
[ad_1] NEW YORK (Reuters) – Facebook Inc (FB.O) and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. FILE PHOTO: Facebook CEO Mark Zuckerberg speaks at Facebook…
[ad_1] NEW YORK (Reuters) – Top BlackRock Inc (BLK.N) bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday. Rick Rieder, BlackRock’s Global Chief Investment Officer, speaks during the Reuters Global Investment…
[ad_1] NEW YORK (Reuters) – A shareholder of Facebook Inc (FB.O) on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook’s share price. FILE PHOTO: Facebook CEO Mark Zuckerberg speaks at Facebook Inc’s annual F8 developers…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes declined on Friday as weak earnings reports from major technology companies led to a big drop for the sector. The Dow Jones Industrial Average .DJI fell 75.74 points, or 0.3 percent, to 25,451.33, the S&P 500 .SPX lost 18.6 points, or 0.66 percent, to 2,818.84 and…
[ad_1] (Reuters) – U.S. broadcasting and media company CBS Corp (CBS.N) said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming New Yorker article that is expected to detail the claims. FILE PHOTO: CBS chief executive officer Les Moonves arrives at the premiere of CBS…
[ad_1] (Reuters) – The New York State Public Service Commission said on Friday it has revoked its approval of the 2016 merger agreement between Charter Communications Inc (CHTR.O) and Time Warner Cable, arguing that the U.S. broadband provider failed to meet terms of the merger agreement. A Time Warner Cable sign and logo are seen…
[ad_1] Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney’s $71 billion US purchase of Fox’s film and television assets. Results were announced at both companies’ special shareholders’ meetings, held in New York. Shares of Fox were down slightly, by 0.3 per cent to $45.25 US in…
[ad_1] WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. Gross domestic product increased at a 4.1 percent annualized rate also…
[ad_1] Imperial Oil Ltd. had a $196-million profit in the second quarter and a nearly 36 per cent increase in revenue, marking a turnaround from the loss it experienced a year earlier. The quarter’s net income was 24 cents per share, which compared with a year-earlier loss of $77 million or nine cents per share.…
[ad_1] Canada’s competition watchdog has set its sights on the eyewear industry, calling on provincial governments and regulators to allow consumers greater access to online sales. The Competition Bureau says provinces like Ontario should consider the example set by British Columbia, where the government changed its rules in 2010 to allow people other than licensed professionals to dispense corrective…
[ad_1] Air Canada experienced a 31 per cent increase in the price of jet fuel compared with last year’s second quarter and will offset some of the impact with higher fares and other initiatives, Air Canada chief executive Calin Rovinescu said Friday. The Montreal-based airline did well in terms of revenue, which was up 10.4…
[ad_1] Cracking down on hate, abuse and online trolls is also hurting Twitter’s standing with investors. The company’s stock dropped more than 18 per cent to $35.03 US on the New York Stock Exchange Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the…
[ad_1] The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 per cent. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs. President Donald Trump told reporters at the White House…
[ad_1] NEW YORK (Reuters) – Twitter Inc (TWTR.N) on Friday reported fewer monthly active users than analysts expected and warned the closely-watched figure could keep falling as it deletes phony accounts, sending shares tumbling. The company said the work it was doing to clean up Twitter by purging automated and spam accounts had some impact…
[ad_1] (Reuters) – Shares of Amazon.com Inc (AMZN.O) rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York…
[ad_1] WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. FILE PHOTO – A shopper walks down an aisle in a…
[ad_1] HOUSTON (Reuters) – Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Friday its quarterly profit jumped 18 percent as rising crude prices CLc1 LCOc1 offset falling production. A booth of U.S. major ExxonMobil is seen at the China (Dongying) International Petrochemical Trade Exhibition in Dongying, Shandong province, China May…
[ad_1] SAN FRANCISCO (Reuters) – Revenue forecasts from Facebook Inc (FB.O) that alarmed investors, fueling the worst day ever for its shares on Thursday, add to the pressure on its Instagram unit to win over more of the ad buyers that have long found success on the company’s flagship app. FILE PHOTO: The Facebook logo…
[ad_1] (Reuters) – Drugmaker Merck & Co (MRK.N) topped Wall Street estimates for quarterly profit on Friday as sales of blockbuster cancer drug nearly doubled and the company raised its full-year profit outlook. The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018.…
[ad_1] LONDON (Reuters) – Thomson Reuters Corp’s (TRI.TO) Financial and Risk unit, in which U.S. private equity firm Blackstone Group (BX.N) is buying a majority stake, will be renamed Refinitiv once the deal closes, the company said in a statement on Friday. A Thomson Reuters logo is pictured on a building during the World Economic…
[ad_1] LONDON (Reuters) – Global stocks rose on Friday as strong company earnings reports and an easing of transatlantic trade tensions on an agreement between the United States and Europe this week to try to cut trade barriers boosted investor confidence. FILE PHOTO: The logo of Spanish NH Hoteles chain is seen on the roof…
[ad_1] SHANGHAI (Reuters) – China’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short. FILE PHOTO: The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain…
[ad_1] PARIS (Reuters) – Shares in luxury goods group Kering (PRTP.PA), which hit record highs last month, fell back sharply on Friday as traders said sales growth at Kering’s Gucci brand had come in a bit weaker than forecast. FILE PHOTO: Gucci signs are seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles…
[ad_1] One out of every five Canadian couples confessed that their significant other does not know how much debt they are in, according to a new survey by Manulife, and more than one out of every nine people admitted to having hid the price of a large purchase from a loved one. The insurance and financial services provider commissioned polling…
[ad_1] FRANKFURT (Reuters) – German industrial conglomerate Thyssenkrupp (TKAG.DE) is planning to invest $150 to $250 million in a new U.S. headquarters for its elevators business, an executive told Reuters. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo “We see no indication…
[ad_1] (Reuters) – Electronic Arts Inc forecast tepid second-quarter revenue growth on Thursday, overshadowing quarterly results that topped analysts’ estimates and sending its shares down 7 percent in extended trading. FILE PHOTO: An Electronic Arts (EA) video game logo is seen at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June…
[ad_1] SEOUL (Reuters) – When workers at South Korea’s Hyundai Motor (005380.KS) went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade. FILE PHOTO: A worker works at an assembly line before unionised workers attend a strike at a main factory…
[ad_1] SHANGHAI (Reuters) – China’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short. FILE PHOTO: The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain…
[ad_1] (Reuters) – Qualcomm Inc Chief Executive Officer Steven Mollenkopf sought government help to block an acquisition of the U.S. chip maker on fears of China’s technological ascendance, only to see his biggest deal thwarted by China. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S., November 6, 2017.…
[ad_1] WASHINGTON (Reuters) – The U.S. economy likely grew at its fastest pace in four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. FILE PHOTO – A shopper walks down an aisle in a…
[ad_1] (Reuters) – BP Plc (BP.L) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton (BLT.L) (BHP.AX) for $10.5 billion, expanding the British oil major’s footprint in oil-rich onshore basins in its biggest deal in nearly 20 years. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against…
[ad_1] TOKYO (Reuters) – Asian stocks struggled to gain traction on Friday, following a mixed Wall Street finish and as the worsening Sino-U.S. trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe. A woman walks in strong wind caused by Typhoon Lan, past an electronic board…
[ad_1] NEW YORK (Reuters) – John Schnatter, the founder and largest shareholder of Papa John’s International Inc (PZZA.O), said on Thursday that Steve Ritchie, who rose from a $6-per-hour employee to CEO with Schnatter’s backing, should not be leading the company. FILE PHOTO: John Schnatter (R) arrives at the 2011 American Music Awards in Los…
[ad_1] SHANGHAI (Reuters) – China’s market regulator said on Friday proposals from Qualcomm Inc and NXP Semiconductors to solve antitrust concerns around their now scrapped $44 billion merger had not been sufficient, but it still hoped to find a solution. FILE PHOTO: A view of one of Qualcomm’s many buildings in San Diego, California, July…
[ad_1] (Reuters) – BP Plc (BP.L) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton (BLT.L) (BHP.AX) for $10.5 billion, giving the British oil major a much bigger footprint in oil-rich onshore basins. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. Shares rose more than 3 percent in after-hours trade. The report may come as a relief to investors in the U.S.…
[ad_1] NEW YORK (Reuters) – Starbucks Corp (SBUX.O) forecast slower growth for the current fiscal year on Thursday as boutique coffee chains and fast-food retailers won business in the United States and other established markets and the bloom came off once-booming China. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at…
[ad_1] NEW YORK (Reuters) – John Schnatter, the founder and ousted former chairman of Papa John’s International Inc (PZZA.O), on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents. FILE PHOTO: John Schnatter (R) arrives at the 2011 American Music Awards in Los…
[ad_1] NEW YORK/WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday stood by a decision blocking an exchange-traded fund that would have tracked bitcoin, citing concerns about market manipulation. Brothers Cameron (L) and Tyler Winklevoss talk to each other as they attend a New York State Department of Financial Services (DFS) virtual currency…
[ad_1] With today’s announcement from Atlassian that it was selling the IP assets of its two enterprise communications tools, Hipchat and Stride, to Slack, it closes the book on one of the earliest competitors in the modern enterprise collaboration space. It was also a clear signal that Slack is not afraid to take on its…
[ad_1] (Reuters) – Amgen Inc (AMGN.O) on Thursday reported a better-than-expected second quarter profit and raised its full-year earnings forecast, and its chief executive pledged not to raise drug prices again this year. FILE PHOTO: An Amgen sign is seen at the company’s office in South San Francisco, California, U.S., October 21, 2013. REUTERS/Robert Galbraith/File…
[ad_1] WASHINGTON (Reuters) – The United States signaled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China. A surprise deal struck on Wednesday will see Washington…
[ad_1] HOUSTON (Reuters) – Chesapeake Energy Corp (CHK.N) plans to sell all of its Ohio natural gas assets to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday. Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney The Oklahoma City-based natural…
[ad_1] Amazon’s web services AWS continue to be the highlight of the company’s balance sheet, once again showing the kind of growth Amazon is looking for in a new business for the second quarter — especially one that has dramatically better margins than its core retail business. Despite now running a grocery chain, the company’s…
[ad_1] U.S. President Donald Trump’s trade czar told a Senate committee in Washington Thursday that the tariff on Canadian steel must remain in place to ensure the national security of the U.S. is preserved. Robert Lighthizer was answering pointed questions from Democratic Senator Jack Reed when he explained the thinking behind Trump’s decision to slap steel…
[ad_1] Amazon.com Inc. reported a 39 per cent jump in second-quarter revenue on Thursday, driven by a surge in online shopping and higher demand for its cloud services. The company said its net sales rose to $52.89 billion US from $37.96 billion US a year earlier. Net income rose to $2.53 billion US, or $5.07…
[ad_1] NEW YORK (Reuters) – Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] Global energy giant Shell is still examining plans for a massive liquefied natural gas terminal on the northern coast of British Columbia, but company officials said Thursday the $40-billion project looks “very promising.” Despite speculation Shell would announce a decision on the LNG Canada project during its second quarter conference call, its chief financial officer Jessica Uhl told analysts the facility’s future is…
[ad_1] Fiat Chrysler said it knew nothing about the medical condition of Sergio Marchionne after a Swiss hospital said on Thursday it had been treating the deceased chief executive for more than a year. “Due to medical privacy, the company had no knowledge of the facts relating to Mr. Marchionne’s health,” a Fiat Chrysler spokesman…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File…
[ad_1] NEW YORK (Reuters) – World stock markets struggled to hold on to four-month highs on Thursday as a record sell-off in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade. FILE PHOTO: Traders work on the floor of the New York Stock Exchange…
[ad_1] When Microsoft acquired GitHub for $7.5 billion smackeroos in June, it sent some shock waves through the developer community as it is a key code repository. Google certainly took notice, but the two companies continue to work closely together. Today at Google Next, they announced an expansion of their partnership around Google’s new CI/CD…
[ad_1] Canadian e-commerce company Shopify Inc. says it will open its first bricks-and-mortar location in downtown Los Angeles. The Ottawa-based company says it chose L.A. because the area is home to a large number of Shopify merchants who can benefit from the services and community that the space will provide. It will open later this…
[ad_1] Husky Energy Inc. has announced a second dividend increase for 2018, following a two-year period when the company suspended the quarterly payout to shareholders due to weak market conditions. The Calgary-based company’s quarterly dividend will be increased to 12.5 cents per share payable Oct. 1, from the 7.5 cents per share it has paid…
[ad_1] Facebook had a rough day yesterday when its stock plunged after a poor earnings report. What better way to pick yourself up and dust yourself off than to buy a little something for yourself. Today the company announced it has acquired Redkix, a startup that provides tools to communicate more effectively by combining email…
[ad_1] Mexican Airline operator Grupo Aeromexico has made a non-binding proposal to acquire Aimia Inc.’s stake in their joint loyalty program PLM for $180 million US. The proposed transaction would give the Mexican aviation company full control of Premier Loyalty & Marketing (PLM), which owns their joint Club Premier frequent flyer program. “If completed, the…
[ad_1] Facebook lost more than $100 billion US in market value Thursday after the social media company posted earnings a day earlier that showed slowing growth. The company was down by even more overnight after the company posted quarterly results late Wednesday showing the company’s growth was grinding to a halt in Europe and North…
[ad_1] Cenovus Energy Inc. had a $418-million second-quarter loss that was deeper than analysts expected, largely the result of a hedging program that was designed to protect the company from a decline in oil prices. The Calgary-based company’s loss amounted to 34 cents per share, including discontinued operations, and compared with a year-earlier profit of…
[ad_1] LONDON (Reuters) – Sky (SKYB.L) posted double-digit earnings growth after it added another 500,000 customers in its latest financial year, showing why Comcast and Rupert Murdoch’s Fox are slugging it out to buy the European pay-TV leader. FILE PHOTO: The Sky logo is seen at the company’s UK headquarters in west London July 25,…
[ad_1] BRUSSELS (Reuters) – Jean-Claude Juncker was hailed as a hero by European business on Thursday for making Donald Trump blink and withdraw a threat to slap punitive import tariffs on EU cars and so escalate a transatlantic trade war. U.S. President Donald Trump and President of the European Commission Jean-Claude Juncker speak about trade…
[ad_1] (Reuters) – McDonald’s Corp (MCD.N) topped global same-restaurant sales estimates for the second quarter on Thursday, with strength in international markets helping offset weakness in the United States. The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson Shares of the Dow component slipped 0.2…
[ad_1] LONDON (Reuters) – Music streaming leader Spotify’s (SPOT.N) paid subscribers rose 10 percent in the second quarter, it said on Thursday, as it races to stay ahead of mounting competition from Apple Music (AAPL.O), especially in the U.S. market. FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the…
[ad_1] LONDON (Reuters) – Music streaming leader Spotify (SPOT.N) on Thursday reported results mostly in line with forecasts, as the number of paid subscribers rose 10 percent over the last three months, but revenue growth was slowed by new European data privacy rules. FILE PHOTO: The Spotify logo is displayed on a screen on the…
[ad_1] BERLIN (Reuters) – Germany welcomed an initiative agreed between U.S. President Donald Trump and the head of the European Commission to ease the threat of a trade war and shares rose on the news, but business groups urged the two sides to back up their words with deeds. FILE PHOTO: German Foreign Minister Heiko…
[ad_1] PARIS (Reuters) – France welcomes EU trade discussions with Washington but does not want to enter into a wide-ranging negotiation and feels any deal should be reciprocal, Finance Minister Bruno Le Maire said on Thursday. “Each side, the Europeans and the Americans, must find something in these discussions. Any trade deal must be based…
[ad_1] (Reuters) – NXP Semiconductors NV (NXPI.O), whose buyout deal with U.S. chipmaker Qualcomm Inc (QCOM.O) fell through due to lack of approval from China, said on Thursday it would buy back $5 billion worth of shares. FILE PHOTO: A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer…
[ad_1] LONDON (Reuters) – European stocks opened much higher on Thursday, pushing world stocks to new four-month highs after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of…
[ad_1] TOYOTA CITY (Reuters) – Toyota Motor Corp (7203.T) is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into buses and trucks to build economies of scale. Yoshikazu Tanaka, Toyota Motor Corp. chief engineer of Mirai fuel cell vehicle (FCV), poses next…
[ad_1] Consider it Netflix for cars. There’s a new model for getting behind the wheel — one aimed at attracting a consumer that’s less likely to buy a vehicle and is used to customized, on-demand services. Car subscription services are billed as a more convenient, flexible and future-proof way to accessing a vehicle than traditional…
[ad_1] BERLIN (Reuters) – German ministers welcomed an initiative agreed between U.S. President Donald Trump and European Commission President Jean-Claude Juncker to ease the threat of a trade war, with one describing it as a breakthrough and another saying it had won the EU time. FILE PHOTO: German Foreign Minister Heiko Maas attends the weekly…
[ad_1] SHANGHAI (Reuters) – Asian shares inched up n Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but weakness in China markets underscored persistent worries about the outlook for global growth. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] WASHINGTON (Reuters) – In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. After a meeting at the White House, Trump and European…
[ad_1] SAN FRANCISCO/BEIJING (Reuters) – The deadline for Qualcomm Inc (QCOM.O) to buy NXP Semiconductors (NXPI.O) passed at midnight U.S. eastern time without any word on Chinese regulatory approval, likely shutting the door on a deal embroiled in a bitter U.S.-China spat. Qualcomm had said earlier in the day that it would drop its $44…
[ad_1] BERLIN/CHICAGO (Reuters) – People with hay fever hate dust. That was the premise of a marketing drive launched by British vacuum cleaner maker Dyson with U.S. retailer Target Corp. FILE PHOTO: Facebook, Amazon, Alibaba and Google logos are seen in this combination photo from Reuters files. REUTERS/File Photos Using data about its customers’ shopping…
[ad_1] MILAN (Reuters) – Former Fiat Chrysler CEO Sergio Marchionne, who rescued the Italian and U.S. companies and built them into the world’s seventh-largest carmaker, has died, the news breaking moments before the group reported a heavy fall in profit on Wednesday. The announcement of the death of Marchionne, 66, one of the auto industry’s…
[ad_1] SHANGHAI (Reuters) – Asian stocks inched higher on Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but ongoing concerns about the outlook for global growth weighed on investor sentiment. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February…
[ad_1] HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to three people familiar with the situation. FILE PHOTO: The logo of Chinese online…
[ad_1] (Reuters) – Former Fiat Chrysler Chief Executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery. The carmaker’s controlling family shareholder confirmed news reports of his death on Wednesday, without giving the cause of death or saying when he had died. Following are…
[ad_1] HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to two people familiar with the situation. The Pinduoduo logo is seen in this…
[ad_1] HONG KONG (Reuters) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to two people familiar with the situation. The Pinduoduo logo is seen in this…
[ad_1] WASHINGTON (Reuters) – In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. After a meeting at the White House, Trump and European…
[ad_1] (Reuters) – Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets. The second-quarter results were the first sign that a new European…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O), the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its $44 billion bid for NXP Semiconductors (NXPI.O) after failing to secure regulatory approval from China against a backdrop of widening trade tensions. FILE PHOTO: A sign on the Qualcomm campus is seen in…
[ad_1] (Reuters) – Facebook Inc’s stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company’s business, with executives warning that revenue growth would slow and expenses would rise. The plummeting stock price wiped out about $150 billion in market capitalization in…
[ad_1] BERLIN (Reuters) – A top German industry group gave a cautious welcome to solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a trade war, but warned that U.S. auto tariffs were not completely off the table yet. U.S. President Donald Trump and President of the European Commission…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariffs. The agreement to pull together a “high-level working group” to negotiate the tariff, subsidy…
[ad_1] U.S. President Donald Trump said on Wednesday the United States and the European Union were kicking off talks aimed at lowering trade barriers as officials looked to head off a brewing trade war. “This was a very big day for free and fair trade, a very big day indeed,” Trump told reporters at the White House after meeting with European…
[ad_1] Qualcomm today said it wouldn’t extend its offer to buy NXP for $44 billion today as part of its release for its quarterly earnings, and instead be returning $30 billion to investors in the form of a share buy-back. So, barring any last-second changes in the approval process in China or “other material developments”,…
[ad_1] (Reuters) – Chipmaker Advanced Micro Devices Inc’s (AMD.O) quarterly revenue rose 53 percent on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors and graphics chips used in computers and data centers. FILE PHOTO: A man looks at motherboards displayed at the AMD booth during the Computex 2011…
[ad_1] Facebook Inc. fell short of analysts’ estimates for monthly active users on Wednesday and reported lower-than-expected quarterly revenue, months after the social network became embroiled in a data scandal affecting millions of users. The company said monthly active users rose to 2.23 billion, falling short of a consensus estimate of 2.25 billion from Thomson…
[ad_1] While we might like to think all of our applications are equal in our eyes, in reality some are more important than others and require an additional level of security. To meet those requirements, Google introduced shielded virtual machines at Google Next today. As Google describes it, “Shielded VMs leverage advanced platform security capabilities…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, were expected to make statements at a joint event on Wednesday following a meeting on trade, White House officials said. U.S. President Donald Trump meets with European Commission President Jean-Claude Juncker in the Oval Office of the White House…
[ad_1] Riding on a wave of an explosion in the use of machine learning to power, well, just about everything is the emergence of GPUs as one of the go-to methods to handle all the processing for those operations. But getting access to those GPUs — whether using the cards themselves or possibly through something…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he hopes to work out a fair and reciprocal trade deal between the United States and Europe as he welcomed the head of the European Commission to the White House for talks. U.S. and European Union flags are pictured during the visit of Vice…
[ad_1] One of Google’s first hardware products was its search appliance, a custom-built server that allowed businesses to bring Google’s search tools to the data behind their firewalls. That appliance is no more, but Google today announced the spiritual successor to it with an update to Cloud Search. Until today, Cloud Search only indexed G…
[ad_1] WASHINGTON/STOCKHOLM (Reuters) – U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, both expressed a desire on Wednesday to cut tariffs and ease trade transatlantic trade tensions as a high-stakes White House meeting got underway. European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva, Switzerland June 4, 2018.…
[ad_1] Google today announced it is launching its own hardware security keys for two-factor authentication. These so-called Titan Security Keys will go up against similar keys from companies like Yubico, which Google has long championed as the de facto standard for hardware-based two-factor authentication for Gmail and other services. The FIDO-compatible Titan keys will come…
[ad_1] WASHINGTON/STOCKHOLM (Reuters) – The European Union’s chief executive was set to confront U.S. President Donald Trump on Wednesday over Trump’s efforts to impose car tariffs, with the high stakes meeting seen as a potential first step in launching more comprehensive trade talks. European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva,…
[ad_1] If you are a business and want to use Google Drive, then your only option until now was to buy a full G Suite subscription, even if you don’t want or need access to the rest of the company’s productivity tools. Starting today, though, these businesses will be able to buy a subscription to…
[ad_1] Canadians craving Chick-fil-A, Inc.’s signature chicken sandwiches soon won’t have to head south of the border to indulge. The controversial American fast food company that is also known for its waffle fries and milkshakes said Wednesday that it will open its first Canadian restaurant in Toronto next year and has plans to bring about…
[ad_1] Virtu, which is best known for its email encryption service for both enterprises and consumers, is announcing a partnership with Google today that will bring the company’s encryption technology to Google Drive. Only a few years ago, the company was still bolting its solution on top of Gmail without Google’s blessing, but these days,…
[ad_1] DETROIT (Reuters) – Tariffs were partly to blame for lowered full-year forecasts by General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI)(FCAU.N), pummeling the stocks of both automakers on Wednesday as investors feared escalating trade disputes would hurt margins and sales. GM cited higher steel and aluminum costs for its 2018 profit…
[ad_1] There are still a lot of obstacles to building machine learning models and one of those is that in order to build those models, developers often have to move a lot of data back and forth between their data warehouses and wherever they are building their models. Google is now making this part of…
[ad_1] General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. The diminished expectations overshadowed a strong second quarter and shares tumbled more than seven per cent in early trading. The rest of the auto sector was dragged down as well on Wednesday. Ford Motor Co.,…
[ad_1] The president and CEO of AltaGas Ltd. resigned his management and board positions immediately Wednesday following an unspecified complaint under review by the company’s board of directors. David Harris had been with the Calgary-based company since 2010 and its top executive since April 2016. AltaGas didn’t disclose the nature of the complaint against Harris…
[ad_1] Loblaw Companies Ltd.’s second-quarter adjusted earnings were above analyst estimates, but the grocery and pharmacy retailer also recorded an 86.1 per cent decline in net profit due to a number of unfavourable items including an acquisition expense at its Choice Properties division. Net profit available to common shareholders dropped to $50 million or 13…
[ad_1] Amazon will open a new fulfillment centre in Caledon, Ont. to pick, pack and ship books, electronics and toys. The Seattle-based e-commerce company says the centre will create more than 800 full-time jobs. The one-million square foot centre will be Amazon’s sixth facility in Ontario and ninth in Canada. The centre is expected to…
[ad_1] (Reuters) – Boeing Co (BA.N) reported better-than-expected profit and revenue on Wednesday, but cut the full-year forecast for its defense business margins, citing $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program. FILE PHOTO: Signage for Boeing is seen on a trade pavilion at Farnborough International Airshow in Farnborough, Britain,…
[ad_1] Air Canada is teaming up with three financial services giants to try to buy its former loyalty program, Aeroplan, from its current owner for $2.2 billion. Air Canada, Toronto-Dominion Bank, CIBC and Visa made the announcement Wednesday they want to buy Aeroplan from Aimia, in exchange for taking over the liability of $2 billion worth of outstanding Aeroplan…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCHA.MI) reported second-quarter operating profit below expectations on Wednesday, sending its shares sharply lower as the carmaker cut its full-year outlook in response to a weaker performance in China. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S., May…
[ad_1] LONDON/DETROIT (Reuters) – Former Fiat Chrysler (FCHA.MI) Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker’s board were working on an orderly succession plan ahead of his expected departure in 2019. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne leaves at the end of a news conference…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke and demand for Zero Sugar brand. Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau Organic revenue, or sales…
[ad_1] Sergio Marchionne, a charismatic and demanding leader who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The Exor holding company of the Fiat founding family Agnelli announced Marchionne’s death in Zurich in a statement. “Unfortunately what we feared has come to pass,” Fiat…
[ad_1] (Reuters) – Anthem Inc (ANTM.N) reported a 23 percent rise in quarterly profit on Wednesday, helped by premium rate increases. FILE PHOTO: The office building of health insurer Anthem is seen in Los Angeles, California, U.S., February 5, 2015. REUTERS/Gus Ruelas/File Photo Anthem said net income rose to $1.05 billion, or $3.98 per share,…
[ad_1] MILAN (Reuters) – Former Fiat Chrysler chief executive Sergio Marchionne has died, the carmaker’s controlling family shareholder said on Wednesday. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne speaks during a media conference in Balocco, northern Italy, June 1, 2018. REUTERS/Massimo Pinca – RC1BC5BD4310/File Photo Marchionne fell gravely ill after suffering complications following recent…
[ad_1] DUBLIN (Reuters) – Irish airline Ryanair (RYA.I) has told over 300 pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt bookings and airfares in its home market. A stranded Ryanair passenger checks her phone, on the…
[ad_1] The technology that powers bitcoin could be deployed to track the flow of legal product in Canada’s marijuana market without compromising the privacy of its customers. The Cannabis Act authorizes Health Canada to implement a national tracking system for marijuana — following the journey from seed to sale — to protect the integrity of the legal…
[ad_1] FRANKFURT (Reuters) – German carmaker Daimler said it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/Files Daimler and Baidu joined forces in April 2017 to develop Apollo,…
[ad_1] (Reuters) – Biogen Inc (BIIB.O) reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast. FILE PHOTO: A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017. REUTERS/Brian Snyder/File Photo The company also…
[ad_1] BERLIN (Reuters) – The European Union’s budget commissioner, Guenther Oettinger, said on Wednesday the bloc could try to seek a wide reduction of tariffs in negotiations with the United States this year. FILE PHOTO – European Union Budget Commissioner Guenther Oettinger holds a news conference to present the EU executive’s final proposal for the…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership. FILE PHOTO: The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo GLOBAL BUSINESS WEEK AHEAD…
[ad_1] TOKYO (Reuters) – Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents. FILE PHOTO: A visitor is seen as market prices are reflected in a glass…
[ad_1] SYDNEY (Reuters) – Casino operator Crown Resorts Ltd’s (CWN.AX) dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month, legal filings show, after the tax office refused leniency. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino…
[ad_1] TOKYO (Reuters) – Asian stocks were higher on Wednesday, supported by strong Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remain in focus ahead of a meeting between the U.S. and European Commission presidents. FILE PHOTO: A visitor is seen as market prices are reflected in a glass…
[ad_1] SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS), a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss. FILE PHOTO: A woman looks at LG Electronics’ organic light-emitting diode (OLED) TV sets, which are…
[ad_1] SHANGHAI (Reuters) – To gain an investment edge in China, BlackRock Inc (BLK.N), the world’s biggest asset manager, will map the country’s economic landscape using satellites, parse social media to take the market’s pulse and track reports in the ruling Communist Party’s newspaper, the People’s Daily. FILE PHOTO: A sign for BlackRock Inc hangs…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media, calling it “disgraceful” compared with the FCC’s approval several years ago of a deal involving the NBC television network. The tower of Tribune Broadcasting Los Angeles affiliate KTLA…
[ad_1] BEIJING (Reuters) – A year on from Syngenta’s $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market. Andrew Guthrie, Regional Director of Syngenta China, poses for a portrait at his China headquarters in…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday it was “sad and unfair” that the U.S. Federal Communications Commission would not approve the Sinclair Broadcast Group Inc’s (SBGI.O) $3.9 billion acquisition of Tribune Media (TRCO.N). The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California,…
[ad_1] SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said on Wednesday its losses mounted in the second quarter due to falling panel prices and weaker demand from television and handset makers. FILE PHOTO: A woman looks at LG Electronics’ organic light-emitting diode (OLED) TV sets, which are made with LG Display flat…
[ad_1] (Reuters) – AT&T Inc, the new owner of cable channels HBO and TNT, on Tuesday reported quarterly revenue that fell shy of Wall Street estimates but added more wireless subscribers than expected. The AT&T logo is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in New York City,…
[ad_1] (Reuters) – U.S. President Donald Trump’s daughter Ivanka Trump on Tuesday said she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women. Since Trump’s surprise November 2016 election, his family has faced criticism that its portfolio of real estate…
[ad_1] Lululemon Athletica Inc. has chosen former Sears Canada CEO Calvin McDonald as its new chief executive officer. The Vancouver-based clothing company says McDonald has served as president and CEO of Americas for cosmetics boutique Sephora for the past five years. McDonald was chosen after an executive search beginning in February, when then CEO Laurent…
[ad_1] The Canadian International Trade Tribunal says it has found there is a reasonable indication that dumping and subsidizing of some steel products by several Asian countries have harmed or could harm Canadian steel producers. The tribunal says it found the People’s Republic of China, the Republic of Korea and the Socialist Republic of Vietnam…
[ad_1] Canadian National Railway Co. has increased its earnings outlook and capital program for the year following a quarter that saw its net income increase 27 per cent in the last quarter compared with last year. The company said Tuesday after markets closed that a “robust demand environment” along with its strong performance in the…
[ad_1] (Reuters) – AT&T Inc added a net 46,000 postpaid mobile phone subscribers in the second quarter, beating Wall Street estimates as the No. 2 U.S. wireless carrier ground out some growth in a saturated market. The AT&T logo is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] NEW YORK (Reuters) – The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season. Alphabet Inc (GOOGL.O) shares touched a record high of $1,275.00 after the online search company’s quarterly results surpassed Wall Street estimates. The shares closed up 3.9…
[ad_1] SAN FRANCISCO/LOS ANGELES (Reuters) – Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products. Segway Chairman & CEO Louie Gao poses for a…
[ad_1] Google is hosting its big cloud conference, Google Cloud Next, this morning over at the Moscone center in San Francisco. Obviously it’s not quite as large as its flagship event I/O earlier this year, but Google’s cloud efforts have become one of its brightest points over the past several quarters. With heavy investments in…
[ad_1] (Reuters) – U.S. President Donald Trump’s oldest daughter, Ivanka Trump, said on Tuesday she is closing her fashion line to focus her energies on advising her father’s White House. FILE PHOTO: An Ivanka Trump-branded blouse is seen for sale at off-price retailer Winners in Toronto, Ontario, Canada February 3, 2017. REUTERS/Chris Helgren/File Photo The…
[ad_1] To Clark Valberg, the screen is the most important place in the world. And he’s not the only one who thinks so. It isn’t just tech companies spending their money on design. The biggest brands in the world are pouring money into their digital presence, for many, the first step is InVision. InVision launched…
[ad_1] (Reuters) – U.S. President Donald Trump’s oldest daughter, Ivanka Trump, is closing her fashion line to focus her energies on advising her father’s White House, she said through a representative on Tuesday. FILE PHOTO: An Ivanka Trump-branded blouse is seen for sale at off-price retailer Winners in Toronto, Ontario, Canada February 3, 2017. REUTERS/Chris…
[ad_1] The cloud isn’t right for every business, be that because of latency constraints at the edge, regulatory requirements or because it’s simply cheaper to own and operate their own data centers for their specific workloads. Given this, it’s maybe no surprise that the vast majority of enterprises today use both public and private clouds…
[ad_1] The federal government is set to become the official owner of the Trans Mountain pipeline expansion project after failing to secure a new buyer by the July 22 deadline. Ottawa made plans to purchase the pipeline after Kinder Morgan suspended construction of the expansion project, citing investor uncertainty stemming from ongoing opposition from the British…
[ad_1] Traditionally, companies have gathered data from a variety of sources, then used spreadsheets and dashboards to try and make sense of it all. Outlier wants to change that and deliver a handful of insights right to your inbox that matter most for your job, company and industry. Today the company announced a $6.2 million…
[ad_1] A group of U.S. Tim Hortons franchisees filed a lawsuit today alleging their parent company engaged in price gouging and equity theft. The American chapter of the Great White North Franchisee Association filed the suit in a Florida county court claiming Restaurant Brands International and Tim Hortons USA strip them of income and profit…
[ad_1] As Google pushes further and further into enterprise services, it’s looking to leverage what it’s known for — a strong expertise in machine learning — to power some of the most common enterprise functions, including contact centers. Now Google is applying a lot of those learnings in a bunch of new updates for its…
[ad_1] Inflation in Venezuela could top 1 million per cent by year’s end as the country’s historic crisis deepens, the International Monetary Fund said Monday. Venezuela’s economic turmoil compares to Germany’s after World War I and Zimbabwe’s at the beginning of the last decade, said Alejandro Werner, head of the IMF’s Western Hemisphere department. “The…
[ad_1] Cloud Functions, Google’s serverless platform that competes directly with tools like AWS Lambda and Azure Functions from Microsoft, is now generally available, the company announced at its Cloud Next conference in San Francisco today. Google first announced Cloud Functions back in 2016, so this has been a long beta. Overall, it also always seemed…
[ad_1] The Trump administration on Tuesday plans to announce aid for U.S. farmers to help protect them from the repercussions of trade spats between the United States and China, the European Union and others, a source familiar with the plan told Reuters. The Washington Post earlier reported that the White House was readying $12 billion…
[ad_1] (Reuters) – Verizon Communications Inc (VZ.N) reported better-than-expected quarterly profit and revenue on Tuesday as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans, sending shares higher in premarket trading. The company added 398,000 subscribers who pay a monthly bill on a net basis, beating analysts’ average estimate of 352,000…
[ad_1] The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions. The IMF, in its annual External Sector Report, which assesses exchange rates and current account surpluses…
[ad_1] The fields of computer vision and VR are difficult. But a new company, Send Reality, is entering the race. The Y Combinator-backed company is looking to offer full 3D-modeling for virtual walkthroughs of real estate listings. Founder and CEO Andrew Chen said he was the kid back in middle school and high school that…
[ad_1] BRUSSELS (Reuters) – Dutch group Philips (PHG.AS) and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing fixed or minimum online prices for their products. FILE PHOTO: The logo of Philips is seen at the company’s entrance in Brussels September 11,…
[ad_1] U.S. motorcycle maker Harley-Davidson Inc reported a 6.4 per cent drop in quarterly profit on Tuesday due to lower shipments as demand for its bikes dwindle. The company, which found itself in the middle of an unexpected fight over tariffs after the European Union put a levy on its products, said its profit fell to…
[ad_1] Google is hosting its annual Cloud Next conference in San Francisco this week. With 20,000 developers in attendance, Cloud Next has become the cloud-centric counterpart to Google I/O. A few years ago, when the event only had about 2,000 attendees and Google still hosted it on a rickety pier, Diane Greene had just taken…
[ad_1] LONDON (Reuters) – World shares hit their highest in a month on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned tech stocks. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby…
[ad_1] Rescale, the startup that wants to bring high performance computing to the cloud, announced a $32 million Series B investment today led by Initialized Capital, Keen Venture Partners and SineWave Ventures. They join a list of well-known early investors that included Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Ron Conway, Chris Dixon, Peter…
[ad_1] BEIJING/SHANGHAI (Reuters) – Qian Zhiya may be Starbucks’ worst nightmare. Logos are seen on the cups for sale at a Luckin Coffee store in Beijing, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Jason Lee The 42-year-old Chinese entrepreneur says she is betting that her fledgling Luckin Coffee brand will eventually have more…
[ad_1] LONDON (Reuters) – London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday, as Alphabet’s strong results lifted other high-growth technology companies, adding to a robust earnings season in the backdrop of a U.S.-China trade war and a strengthening dollar. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] LONDON (Reuters) – London taxi drivers are drawing up a plan to sue mobile app Uber for over 1 billion pounds ($1.3 billion), Sky News reported on Tuesday citing unidentified sources, weeks after it was granted a temporary licence to operate in Britain’s capital. FILE PHOTO: The logo of Uber is seen on an…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I), Easyjet (EZJ.L) Wizz Air (WIZZ.L) and IAG (ICAG.L) submitted complaints to the European Commission against France on Tuesday, arguing that its air traffic controllers’ strikes were restricting freedom of movement within the EU. FILE PHOTO: A Ryanair logo is seen on a wing of a passenger aircraft travelling from…
[ad_1] (Reuters) – Britain’s Serious Fraud Office said on Tuesday it was seeking to reinstate criminal charges it brought against Barclays (BARC.L) over its 2008 capital raising, after an English court dismissed the charges in May. FILE PHOTO: A Barclays sign outside a branch of the bank in London, Britain, February 23, 2017. REUTERS/Stefan Wermuth/File…
[ad_1] LONDON (Reuters) – World shares climbed for a third day running on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned the tech stocks. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017.…
[ad_1] KUALA LUMPUR/SINGAPORE (Reuters) – Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said. FILE PHOTO: Malaysia Airlines planes sit on the tarmac at…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG.DE) on Tuesday said engine development expert Markus Duesmann, currently head of purchasing and suppliers at rival BMW (BMWG.DE), is to join the carmaker’s management board. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018.…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG.DE) said on Tuesday it has hired Markus Duesmann, head of purchasing and supplier network at rival BMW (BMWG.DE), as a member of its management team. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018.…
[ad_1] SYDNEY (Reuters) – Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru Hanai…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) has hired BMW (BMWG.DE) purchasing director Markus Duesmann to fill the post of Audi (NSUG.DE) chief executive, German daily Handelsblatt reported on Tuesday. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder…
[ad_1] SINGAPORE (Reuters) – A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, according to an industry forecast. A passenger waiting for his…
[ad_1] (Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings. Halliburton said some of its customers are reducing activity and lowering their rig count because increased production in the Permian…
[ad_1] KUALA LUMPUR/SINGAPORE (Reuters) – Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said. FILE PHOTO: Malaysia Airlines planes sit on the tarmac at…
[ad_1] NEW YORK (Reuters) – The benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth. The financial sector stock index .SPSY rose 1.3 percent after 10-year U.S. Treasury yields…
[ad_1] SYDNEY (Reuters) – Global bond markets were tense on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from internet giant Alphabet supported tech stocks in Asia. A man looks at an electronic stock quotation board outside a…
[ad_1] NEW YORK (Reuters) – The amount investors must pay to insure their debt holdings in Tesla Inc (TSLA.O) against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds. FILE…
[ad_1] (Reuters) – Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.6 percent after hours. Google’s dominance in online advertising has been challenged this year…
[ad_1] SYDNEY (Reuters) – Global bond markets were under strain on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from Alphabet could support tech stocks in Asia. A man looks at an electronic stock quotation board outside a…
[ad_1] (Reuters) – Alphabet Inc on Monday reported expenses from its Google search business were growing more slowly and that revenue from advertising and cloud computing rose faster than analysts anticipated, boosting its earnings beyond Wall Street targets and pushing shares up 3.6 percent after hours. Google’s dominance in online advertising has been challenged this…
[ad_1] (Reuters) – Nike Inc (NKE.N) said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives. Nike logo is seen in a shop in Rome, Italy,…
[ad_1] So far it’s been a hot summer and for wine producers, that’s a great thing according to a local producer, but also says timely rain is needed as well. [ad_2] Source link
[ad_1] Shares in Google parent Alphabet jumped in after-hours trading Monday as the company’s second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion US charge levied by European regulators. The company reported second-quarter profit of $3.2 billion US. When excluding the fine, earnings came to $11.75 US per share, which topped…
[ad_1] Tesla said on Monday that it had asked a small number of suppliers to cut prices on ongoing, long-term projects to improve its future cash flow, after a media report about a discount request sent shares of Tesla down as much as 6.6 per cent. The Wall Street Journal had reported on Sunday that…
[ad_1] The Trudeau government has asked for a NAFTA review of a Trump administration tariff on solar panels, saying the 30 per cent charge is illegal and unfair. Global Affairs Canada says the tariffs have hurt workers in the clean energy sector on both sides of the border. The request for a review under NAFTA’s…
[ad_1] When Google Cloud brought Diane Greene on board at the end of 2015, one of her goals was to expand the division’s partnership network, an approach she found worked quite well when she was running VMware in the early 2000s. It appears to be working at Google too. This week at Google Next, the…
[ad_1] CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) will give investors on Tuesday a fresh look at the impact of trade conflicts and a strong dollar on its profits, and analysts are bracing for bad news and more cost-cutting. FILE PHOTO: A U.S. flag is pictured in front of Harley-Davidson bikes at the “Hamburg Harley Days”…
[ad_1] (Reuters) – Alphabet Inc beat Wall Street estimates for second quarter profit on Monday as it benefited from soaring sales of online advertisementsm, sending shares 6 percent higher in trading after the bell. A logo is pictured at Google’s European Engineering Center in Zurich, Switzerland July 19, 2018. REUTERS/Arnd Wiegmann The company posted adjusted…
[ad_1] NEW YORK (Reuters) – Wall Street stocks largely rose on Monday as a jump in 10-year bond yields boosted financials and as news of upcoming international trade talks offset the negative impact of the strengthening U.S. dollar on corporate earnings forecasts. Traders work on the floor of the New York Stock Exchange shortly after…
[ad_1] NEW YORK and ABU DHABI (Reuters) – One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co 5110.SE has qualified at least two companies to provide…
[ad_1] (Reuters) – Shares of Papa John’s International Inc (PZZA.O) fell 8 percent on Monday after the pizza chain said it would implement a “poison pill” stock dilution that would act against any move by founder John Schnatter to take a bigger stake. FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John’s…
[ad_1] Sears Canada Inc. retirees want an Ontario court to award them the remaining roughly $135 million of the former department store chain’s cash to help fund their pension shortfall. Some 18,000 Sears retirees will receive smaller pension benefits than they earned due to a roughly $260 million shortfall in the plan, according to a…
[ad_1] WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. FILE PHOTO: A “For Sale” sign is seen outside a home in Cardiff, California February 22, 2016. REUTERS/Mike Blake/File Photo The report…
[ad_1] NEW YORK (Reuters) – The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off one-half of its editorial staff, as U.S. newspapers continue to crumple under sharply declining advertising and readership, it said on Monday. A sign is seen outside the offices of the New York Daily News newspaper in New…
[ad_1] Xage (pronounced Zage), a blockchain security startup based in Silicon Valley, announced a $12 million Series A investment today led by March Capital Partners. GE Ventures, City Light Capital and NexStar Partners also participated. The company emerged from stealth in December with a novel idea to secure the myriad of devices in the industrial…
[ad_1] Papa John’s is attempting to ward off its controversial founder from amassing a controlling stake in the company by adopting a “poison-pill” plan. The company is struggling to distance itself from John Schnatter, who resigned as chairman this month after his use of a racial slur during a media training session was revealed. Schnatter…
[ad_1] BEIJING (Reuters) – China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry. FILE PHOTO: An employee works among stainless steel sheets at a steel factory in Taiyuan, Shanxi province, China, September…
[ad_1] DUBAI (Reuters) – JPMorgan (JPM.N) and Morgan Stanley (MS.N) have been picked to advise on Saudi Aramco’s potential acquisition of a stake in petrochemical maker SABIC 2010.SE, four sources familiar with the matter said. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City…
[ad_1] U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers. FILE PHOTO: Development and construction continues on a large-scale housing project of over 600 homes in Oceanside, California, U.S., June 25,…
[ad_1] Cogito announced a $37 million Series C investment today led by Goldman Sachs Growth Equity. Previous investors Salesforce Ventures and OpenView also chipped in. Mark Midle of Goldman Sachs’ Merchant Banking Division, has joined Cogito’s Board of Directors The company has raised over $64 million since it emerged from the MIT Human Dynamics Lab back…
[ad_1] Statistics Canada says wholesale sales rose 1.2 per cent to a record $63.7 billion in May. The gains were helped by higher sales of lumber, millwork, hardware and other building supplies. The farm product subsector also rebounded after a decline in April. But the motor vehicle and supplies subsector fell for the second month…
[ad_1] SessionM announced a $23.8 million Series E investment led by Salesforce Ventures. A bushel of existing investors including Causeway Media Partners, CRV, General Atlantic, Highland Capital and Kleiner Perkins Caufield & Byers also contributed to the round. The company has now raised over $97 million. At its core, SessionM aggregates loyalty data for brands…
[ad_1] (Reuters) – Toymaker Hasbro Inc (HAS.O) topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12 percent. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo…
[ad_1] LONDON (Reuters) – Signs that the Bank of Japan (BoJ) might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks and U.S. futures slipped as threats of further U.S. tariffs on China drained risk appetite. FILE PHOTO: People walk past an electronic board showing Japan’s…
[ad_1] BRUSSELS (Reuters) – U.S. private equity firm Blackstone Group (BX.N) has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk unit, the European Commission said on Monday. FILE PHOTO – The logo of Blackstone Group is displayed at the post where it is traded on the floor…
[ad_1] (Reuters) – Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross – enough for more than 6,000 workstations. FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris’ Station F in Paris,…
[ad_1] (Reuters) – Toymaker Hasbro Inc (HAS.O) topped Wall Street estimates for quarterly revenue on Monday, as the company managed to move past the liquidation of retailer Toys ‘R’ Us. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration/File Photo Net earnings fell to…
[ad_1] DUBAI (Reuters) – A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in…
[ad_1] BEIJING (Reuters) – China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row. FILE PHOTO: Shipping containers are seen stacked at the…
[ad_1] Soybean farmer Philip Shaw is suffering from the effects of the North American Free Trade Agreement. Ironically, as U.S. President Donald Trump threatens to up the ante with China, the NAFTA deal that he has called “the worst trade deal ever” means Canadian exporters like Shaw are suffering the backwash from sanctions never intended for them. Regular…
[ad_1] Ritchie Bros. Auctioneers is a global corporation and a Canadian business success story, but it started off as a used furniture shop with a big problem: The bank had called in a $2,000 loan. It was the 1950s and the three Ritchie brothers — Ken, Dave and John — had taken over the family furniture store in Kelowna, B.C. Short…
[ad_1] DUBAI (Reuters) – Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010.SE, possibly taking the entire 70 percent stake owned by Saudi Arabia’s sovereign wealth fund, two sources familiar with the matter told Reuters. FILE PHOTO: General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi…
[ad_1] MILAN (Reuters) – Fiat Chrysler’s (FCHA.MI) new boss, Mike Manley, faces the task of executing his predecessor’s plan to ramp up production of SUVs and catch up on electric cars to keep the world’s seventh-largest carmaker competitive in the absence of a merger. FILE PHOTO: Mike Manley, head of the Jeep brand, speaks the…
[ad_1] (Reuters) – Papa John’s International Inc (PZZA.O) on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company. The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking/File Photo The company also declared a…
[ad_1] PHILADELPHIA (Reuters) – By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt. FILE PHOTO: A Walmart employee helps a customer…
[ad_1] BEIJING (Reuters) – China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry. Labourers work at a steel market in Shanghai January 9, 2013. C REUTERS/Aly Song The…
[ad_1] (Reuters) – Global miner BHP said on Monday it has been served with a class action proceeding in the Federal Court of Australia regarding the 2015 Samarco dam failure in Brazil. BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s logo at a round table meeting with journalists in…
[ad_1] TOKYO (Reuters) – Oil prices fell on Monday because of increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions. file photo: Oil barrels are pictured at the site of Canadian group Vermilion Energy in…
[ad_1] SYDNEY (Reuters) – Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticized the Federal Reserve’s tightening policy. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a business district in…
[ad_1] TOKYO (Reuters) – Oil prices were mixed on Monday as finance ministers and central bank governors from the G20 warned that risks to global growth have increased with rising trade and geopolitical tensions among other vulnerabilities. file photo: Oil barrels are pictured at the site of Canadian group Vermilion Energy in Parentis-en-Born, France, October…
[ad_1] HONG KONG (Reuters) – BOC Aviation Ltd (2588.HK) said on Monday it would buy 17 new Airbus (AIR.PA) A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices. The company logo of BOC Aviation is displayed during a news conference ahead of its listing in Hong Kong, China May 18, 2016. REUTERS/Bobby…
[ad_1] BEIJING (Reuters) – China’s Commerce Ministry said on Monday it has launched an anti-dumping probe into imports of stainless steel billet and hot-rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia. Labourers work at a steel market in Shanghai January 9, 2013. C REUTERS/Aly Song The move follows…
[ad_1] The Canadian government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer. Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22. But with that date set to pass without a deal, it…
[ad_1] BUENOS AIRES (Reuters) – The United States’ removal of tariffs on steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday. Hubert Fuchs, Finance Minister of the European Union Presidency,…
[ad_1] BUENOS AIRES (Reuters) – Global finance leaders called on Sunday for stepped-up dialogue to prevent trade and geopolitical tensions from hurting growth, but ended a two-day G20 meeting with little consensus on how to resolve multiple disputes over U.S. tariff actions. European Commissioner for Economic and Financial Affairs Pierre Moscovici speaks during a news…
[ad_1] NEW YORK (Reuters) – Mondelez Global LLC (MDLZ.O) has voluntarily begun recalling some Ritz Cracker sandwiches and Ritz Bits products over concern that they may include an ingredient tainted with Salmonella. The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012. REUTERS/Michael Buholzer The company said in a…
[ad_1] NEW YORK (Reuters) – Mondelez Global LLC (MDLZ.O) issued a voluntary recall on Saturday for some of its Ritz Cracker products over concerns that they could include an ingredient tainted with salmonella bacteria. The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012. REUTERS/Michael Buholzer The company said…
[ad_1] BUENOS AIRES (Reuters) – Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth, and called for greater dialogue, according to the final communique of a G20 meeting. European Commissioner for Economic and Financial Affairs Pierre Moscovici speaks during a news…
[ad_1] (Reuters) – French IT services company Atos SE (ATOS.PA) agreed to acquire Syntel Inc (SYNT.O) in an all-cash transaction for about $3.57 billion, including net debt, the companies said on Sunday. People walk in front of Atos company’s logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016.…
[ad_1] BUENOS AIRES (Reuters) – Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting. European Commissioner for Economic and Financial Affairs Pierre Moscovici speaks during a news…
[ad_1] SAO PAULO (Reuters) – European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Sunday that differences of position on trade tensions remained after talks among G20 finance ministers in Argentina but the meeting was not tense. European Commissioner for Economic and Financial Affairs Pierre Moscovici arrives for a news conference at the…
[ad_1] The blockchain is in the middle of a major hype cycle at the moment, and that makes it hard for many people to take it seriously, but if you look at the core digital ledger technology, there is tremendous potential to change the way we think about trust in business. Yet these are still…
[ad_1] The Saskatchewan farming family that owns the land where salt water leaked from a Husky Energy line says the company is “underplaying” the damage. Ken and Nick Wourms have released aerial photos that show yellowed trees and vegetation in what appears to be the path of the leak, which spilled salt water into the…
[ad_1] ZURICH (Reuters) – Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne jokes with a tie next to chairman John Elkann during media conference in Balocco, northern Italy, June 1,…
[ad_1] BERLIN (Reuters) – Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday. A worker fixes the Volkswagen logo outside the new car plant in Kigali, Rwanda June 27, 2018. REUTERS/Clement Uwiringiyimana – RC11C0607830 Carmakers are…
[ad_1] BERLIN (Reuters) – German industry groups warned on Sunday, before European Commission President Jean-Claude Juncker meets U.S. President Donald Trump this week, that tariffs the United States has imposed or is threatening to introduce risk harming America itself. A container ship is shown at port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Telecom sales tactics Have you ever felt pressured by employees selling TV, internet and wireless services? The CRTC is inviting you to raise your complaints online or at a public hearing starting…
[ad_1] Self-employed Canadians seeking to buy a home may soon find it easier to secure a mortgage after changes announced by Canada Mortgage and Housing Corp. CMHC said self-employed people make up about 15 per cent of Canada’s population, but they may have difficulty qualifying for a mortgage because their incomes may vary or be less predictable. Changes unveiled…
[ad_1] BUENOS AIRES (Reuters) – Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen…
[ad_1] BUENOS AIRES (Reuters) – The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions. U.S. Treasury Secretary Steven Mnuchin told reporters…
[ad_1] MILAN/LONDON (Reuters) – Sergio Marchionne bowed out on Saturday as one of the auto industry’s most demanding and tenacious chief executives, his health in crisis after a career in which he rescued Fiat and Chrysler, two of its most storied brands. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne speaks during a media conference…
[ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) new chief executive Mike Manley, who has overseen the effort to turn Jeep into a global brand, now plans to carry out the parent company’s strategy unveiled last month, the company said Saturday. FILE PHOTO: Mike Manley, head of the Jeep brand, speaks the Los Angeles…
[ad_1] BERLIN (Reuters) – German industry groups warned on Sunday, ahead of a meeting between European Commission President Jean-Claude Juncker and U.S. President Donald Trump, that tariffs the United States has recently imposed or threatened risk harming the U.S. itself. A container ship is shown at port in Long Beach, California, U.S. July 16, 2018.…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) has named Mike Manley, the head of the carmaker’s profit engine Jeep, as its new chief executive, replacing Sergio Marchionne who had to step down after serious complications from surgery, a source close to the matter said. Mike Manley, head of the Jeep brand, speaks the Los Angeles…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill. In addition to being FCA chief executive, Marchionne was also CEO and chairman of luxury sports car brand Ferrari (RACE.MI) and chairman of truck and tractor maker CNH…
[ad_1] LONDON (Reuters) – The chief executive of Airbus (AIR.PA) said he was open to a merger of his firm’s jet fighter business with that of BAE Systems (BAES.L), the Sunday Times reported. FILE PHOTO: Airbus Chief Executive Tom Enders waits to visit final assembly line at Airbus headquarters in Blagnac near Toulouse, France March…
[ad_1] Edmonton police say they have uncovered a multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5 million between January 2009 and June 2017. Timothy Carruthers used the company name Wakina Consulting Inc. to carry out an alleged ponzi scheme…
[ad_1] Fiat Chrysler Automobile announced Saturday that CEO Sergio Marchionne’s health had suddenly deteriorated following surgery and that its board of directors had chosen Jeep executive Mike Manley to replace him. Marchionne, a 66-year-old Italian-Canadian, joined Fiat in 2004 and led the Turin-based company’s merger with bankrupt U.S. carmaker Chrysler. Manley, 54, had been heading…
[ad_1] MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne leaves at the end of a news conference in Balocco, northern Italy,…
[ad_1] MILAN (Reuters) – Luxury sports carmaker Ferrari said on Saturday it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill. In an emergency meeting called after Marchionne’s health worsened, the Ferrari board also named John Elkann as chairman and gave Camilleri powers to oversee the…
[ad_1] MILAN (Reuters) – The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler (FCA) (FCHA.MI), worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of the firm’s Jeep division, FCA said in a statement. FILE PHOTO: Mike Manley, Head of Ram Brand, speaks at the company’s…
[ad_1] MILAN/PARIS (Reuters) – Sergio Marchionne was replaced as chief executive of Fiat Chrysler (FCA) on Saturday by the head of the firm’s Jeep division, Mike Manley, after the health of the carmaker’s long-time boss deteriorated sharply following surgery. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne leaves at the end of a news conference…
[ad_1] The International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened a major escalation in his dispute with China. IMF Managing Director Christine Lagarde said she would present the G20 finance ministers and central bank governors meeting in Buenos Aires…
[ad_1] MILAN/PARIS (Reuters) – Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday. FILE PHOTO: Fiat Chrysler Automobiles CEO Sergio Marchionne leaves at the end of a news…
[ad_1] BERLIN (Reuters) – U.S. President Donald Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said. U.S. President Donald Trump in Washington, U.S., July 20, 2018. REUTERS/Leah Millis The United States…
[ad_1] Aeroplan wants to be more than your rewards program; it also aims to serve as your travel agent. The program announced its ambitious plans this week, which include offering charter flights to sun destinations, opportunities to book travel with cash while earning points, and the ability to transfer miles to other loyalty programs. Most of the changes…
[ad_1] Resurgent oil prices this year could deliver three provinces unexpected windfalls — and maybe improved political fortunes — if crude stays strong. Sagging prices have weighed heavily on resource-based economies in recent years, putting the squeeze on provincial budgets that rely on petroleum revenues. But with oil prices tracking higher than expected this year, a…
[ad_1] MILAN (Reuters) – The boards of carmakers Fiat Chrysler (FCHA.MI) and Ferrari (RACE.MI) will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said. FILE PHOTO – Formula One – F1 – Italian Grand Prix 2017 –…
[ad_1] BERLIN (Reuters) – A court in Britain will start proceedings on Nov. 19 in a case between Lufthansa and Laudamotion over leasing contracts, Lufthansa said on Friday. A button with the Laudamotion logo is seen at a flight attendant’s jacket in Duesseldorf, Germany, March 20, 2018. REUTERS/Leonhard Foeger *Lufthansa wants to end a contract…
[ad_1] TOKYO (Reuters) – Japanese firms are likely to pursue stakes in the country’s first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling – a business expected to generate billions of dollars in revenue. Japan legalized casinos in 2016 but a further law was needed to lay out…
[ad_1] NEW YORK (Reuters) – General Electric Co, a major buyer of Chinese goods, estimates new tariffs on its imports from China could raise its costs by $300 million to $400 million overall before steps to lessen the impact, Chief Executive John Flannery said on Friday. FILE PHOTO: General Electric CEO John Flannery is seen…
[ad_1] (Reuters) – Several U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China. The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s imports. In his latest threat to the Asian nation, President Donald Trump has said…
[ad_1] (Reuters) – General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow than…
[ad_1] DETROIT (Reuters) – When Detroit’s automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry’s vehicles and parts, consultants and analysts said. FILE PHOTO: New cars are displayed for…
[ad_1] LUXEMBOURG (Reuters) – Police in Luxembourg have added two Tesla electric cars to their fleet, hoping that their rapid acceleration capacity will help them nab more criminals and speed offenders while also trimming the tiny country’s carbon emissions. The purchase of the two Tesla Model S cars – which can accelerate from 0 to…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Big companies in the United States from Amazon.com Inc (AMZN.O) to Toyota Motor Corp (7203.T) and Alcoa Corp (AA.N) are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show…
[ad_1] (Reuters) – U.S. industrial conglomerate Honeywell International Inc (HON.N) said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world’s two largest economies. Honeywell’s shares rose as much as 4.4 percent to $153.99 after the company also…
[ad_1] SAN FRANCISCO (Reuters) – Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July…
[ad_1] (Reuters) – GlaxoSmithKline Plc (GSK.L) is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday. FILE PHOTO: The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore, March 21, 2018. REUTERS/Loriene Perera/File Photo GSK Chairman…
[ad_1] WASHINGTON (Reuters) – U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. Shares of one of the technology world’s oldest and best-known names rose nearly 4 percent to $108.20 in early…
[ad_1] CHICAGO (Reuters) – Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle of an escalating U.S.-China trade war. FILE PHOTO: A field of sorghum (milo) grain is seen at…
[ad_1] NEW YORK (Reuters) – The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback’s strength and about Federal Reserve interest rate rises. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecutive weekly gain, while the S&P 500 also rose for a…
[ad_1] Unionized conductors and locomotive engineers at Canadian Pacific Railway Ltd. have voted in favour of a new four-year collective agreement. Members of the Teamsters Canada Rail Conference (TCRC), which represents about 3,000 workers at CP, voted 64.7 per cent to ratify the new contract. The Teamsters said that under the new deal workers will be…
[ad_1] NEW YORK (Reuters) – U.S. stocks were largely unchanged on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft Corp (MSFT.O). FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] The amount of liquor individuals can bring across a provincial boundary for personal use is set to at least double, following a deal struck at the Council of the Federation meetings late Thursday evening in Saint Andrews, N.B. New Brunswick Premier Brian Gallant told reporters that premiers discussed the deal on Friday morning, and had…
[ad_1] Ottawa says Japan has ended its temporary suspension of Canadian wheat imports. Japan had halted shipments after some unauthorized genetically modified wheat was found in southern Alberta. Ottawa says the decision marks an end to all international trade actions arising from the discovery on June 14. South Korea resumed shipments late last month. Modified…
[ad_1] FARNBOROUGH, England (Reuters) – Lockheed Martin’s (LMT.N) F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials. FILE PHOTO: A Lockheed Martin F-35 Lightning II fighter jet is seen…
[ad_1] WASHINGTON (Reuters) – U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp (0763.HK), a top Democrat in the Senate said on Friday. FILE PHOTO: A ZTE smart phone is…
[ad_1] The world’s automotive industry gathered in Washington with uncharacteristic unity, to deliver a singular message to American policymakers: If you start a trade war with tariffs on cars, you’ll shoot yourself in the foot. The issue that has been gaining steam for weeks came to a head Thursday as dozens of representatives from the industry…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, remarks that sent the U.S. stock market and dollar retreating and threatened to escalate a trade clash with the Asian giant. FILE PHOTO: U.S. President Donald Trump participates in a cabinet meeting…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Friday that Deutsche Bank (DBKGn.DE) (DB.N) has agreed to pay nearly $75 million to settle an investigation into the mishandling of pre-release American Depositary Receipts (ADR). FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC…
[ad_1] (Reuters) – Baker Hughes, General Electric Co’s oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office…
[ad_1] The U.S. president took his second shot in as many days at the man he hand-picked to run his central bank on Friday, saying the Federal Reserve’s current plan to raise interest rates will “hurt” his administration and “penalize” the economy. In a series of tweets on Friday, Donald Trump complained about the Fed’s…
[ad_1] President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the nation’s biggest trading partners. The comments sent U.S. markets sliding early Friday, but they later moved higher. In a taped interview with the business channel…
[ad_1] Aeroplan aims to get into the airline business by offering charter flights to its most popular destinations as the loyalty program prepares for the end of its exclusive partnership with Air Canada in 2020. “We have routes where we have enough redemption demand today that we can fly a daily charter throughout the year on some particular…
[ad_1] The cost of living in Canada is going up at its fastest pace since 2012, new numbers from Statistics Canada show, as gas prices have risen by almost 25 per cent since last summer. The consumer price index rose to 2.5 per cent in June, from 2.2 per cent in May. It’s the highest…
[ad_1] (Reuters) – General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park, near Edmonton,…
[ad_1] (Reuters) – Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo…
[ad_1] (Reuters) – U.S. stock index futures fell on Friday after President Donald Trump toughened his stance against China and said he was ready to impose levies on $500 billion worth of goods from the Asian nation. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – India’s third-biggest software services exporter, Wipro Ltd (WIPR.NS), said on Friday it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash. FILE PHOTO: The logo of Wipro is seen inside the company’s headquarters in Bengaluru, India, January 19, 2018. REUTERS/Abhishek N. Chinnappa/File Photo Wipro said it would buy Alight…
[ad_1] FARNBOROUGH, England (Reuters) – Boeing Co (BA.N) struck a new deal for 100 passenger jets with Vietnamese budget airline VietJet Aviation JSC VJC.HM on Wednesday, deepening a battle for market share against rival Airbus (AIR.PA) in one of southeast Asia’s hottest markets. FILE PHOTO: The first Boeing 737 MAX 7 is unveiled in Renton,…
[ad_1] BERLIN (Reuters) – The structure of German submarines-to-lifts conglomerate ThyssenKrupp (TKAG.DE) is a commercial matter, Chancellor Angela Merkel said on Friday. FILE PHOTO: German Chancellor Angela Merkel holds the annual summer news conference in Berlin, Germany, July 20, 2018. REUTERS/Michele Tantussi The company’s chairman and chief executive both resigned this month following pressure from…
[ad_1] ZURICH (Reuters) – Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland’s financial regulator said on Friday. FILE PHOTO: A man covers his mouth as he walks past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship…
[ad_1] FARNBOROUGH, England (Reuters) – Boeing (BA.N) claimed victory on Thursday after outselling rival Airbus (AIR.PA) at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand. FILE PHOTO: A logo of Airbus is pictured at the entrance of the…
[ad_1] Loblaws has sent $25 gift cards to some customers who never expected to get one. That’s because they refused a request to send ID to qualify for a card, which the retailer offered as compensation for its role in a national bread price-fixing scandal. “I was actually kind of shocked,” said Cynthia Mellaney of Sudbury, Ont., who received her gift card in…
[ad_1] NEW YORK (Reuters) – Blackstone Group LP (BX.N), the world’s largest manager of assets such as private equity and real estate, is kicking off a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday. Blackstone has faced questions…
[ad_1] TOKYO (Reuters) – Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China’s stocks recovered sharply and the yuan bounced from a one-year low with market participants suspecting state support for the currency. A man looks at an electronic board showing stock information at a brokerage house in Shanghai,…
[ad_1] (Reuters) – SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday. FILE PHOTO: People walk behind the logo of SoftBank Corp in Tokyo December 18, 2014. REUTERS/Toru Hanai/File Photo The fund and SenseTime are finalizing the terms…
[ad_1] TOKYO (Reuters) – The Chinese yuan skidded to one-year lows on Friday, unnerving investors in Asian stock markets and stoking concerns Beijing’s currency management could become the next flash point in a fierce trade dispute with the United States. A man looks at an electronic board showing stock information at a brokerage house in…
[ad_1] (Reuters) – The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show. FILE PHOTO: A woman tries a new Apple Watch Series 3 Cellular model after it goes on sale at…
[ad_1] TOKYO (Reuters) – The Chinese yuan skidded to one-year lows on Friday, shaking up Asian share markets and stoking concerns Beijing’s currency management could become the next flash point in a fierce trade dispute with the United States. A man looks at an electronic board showing stock information at a brokerage house in Shanghai,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States. FILE PHOTO: A logo is pictured at Google’s European Engineering Center in Zurich, Switzerland July 19, 2018 REUTERS/Arnd Wiegmann…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) dropped its $66 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc (SKYB.L), the remainder of which is owned by Fox. Comcast’s withdrawal is a concession…
[ad_1] TOKYO (Reuters) – Most Asian stock markets retreated on Friday after China allowed its yuan currency to slide further, stoking concerns Beijing’s currency management could become the next flash point in a fierce trade conflict with the United States. A man looks at an electronic board showing stock information at a brokerage house in…
[ad_1] BOSTON (Reuters) – Top asset manager BlackRock Inc (BLK.N) has hired Ray Cameron as head of the Americas within its investment stewardship arm, according to a memo seen by Reuters on Thursday, turning to an outsider to fill the role left vacant since last year. A sign for BlackRock Inc hangs above their building…
[ad_1] WASHINGTON (Reuters) – Sinclair Broadcast Group Inc (SBGI.O) “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media (TRCO.N), the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing. FILE PHOTO: The tower of Tribune…
[ad_1] TOKYO (Reuters) – Asian stocks eked out modest gains on Friday as investor caution prevailed amid concerns about the European Union imposing retaliatory tariffs on U.S. goods while U.S. President Donald Trump’s criticism of Federal Reserve policy knocked the dollar. A man looks at an electronic board showing stock information at a brokerage house…
[ad_1] LONDON/TOKYO (Reuters) – Panasonic Corp (6752.T) said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. FILE PHOTO: A Panasonic…
[ad_1] (Reuters) – A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE)…
[ad_1] TOKYO (Reuters) – Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and cross-shareholdings in the nation. A man is seen at a a commercial building at closing hour at a financial district in Tokyo, Japan,…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. FILE PHOTO: An advertisement is played on a set of large screens at the Microsoft office in Cambridge, Massachusetts, U.S., on January…
[ad_1] WASHINGTON (Reuters) – A federal appeals court on Thursday approved the U.S. Justice Department’s request for an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc (T.N) to buy content provider Time Warner. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner logo in this…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission, due in Washington next week for trade talks, are said to be preparing a list…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. FILE PHOTO: An advertisement is played on a set of large screens at the Microsoft office in Cambridge, Massachusetts, U.S., on January…
[ad_1] NEW YORK (Reuters) – The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concern about a strong currency, while disappointing earnings reports and escalating trade tensions weighed on stocks. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo…
[ad_1] Microsoft is capping off a rather impressive year without any major missteps in its final report for its performance in its 2018 fiscal year, posting a quarter that seems to have been largely non-offensive to Wall Street. In the past year, Microsoft’s stock has gone up more than 40%. In the past two years,…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) reported a 10 percent rise in quarterly profit on Thursday, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. FILE PHOTO: An advertisement is played on a set of large screens at the Microsoft office in Cambridge, Massachusetts, U.S., on January 25,…
[ad_1] (Reuters) – Kimberly-Clark Corp (KMB.N) is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, according to people familiar with the matter. FILE PHOTO – A woman walks outside a Kimberly-Clark building in Maracay, Venezuela July 10, 2016. REUTERS/Carlos Jasso/File…
[ad_1] CloudHealth, a startup that enables customers to manage a multi-cloud environment, announced today it was adding support for Google Cloud Platform. With today’s addition, CloudHealth now supports AWS, Azure, VMware and Google, giving customers a fairly comprehensive view of their cloud usage. Company co-founder and CTO Joe Kinsella says the company has been seeing…
[ad_1] Ottawa’s ownership of the Trans Mountain pipeline will be short lived, vows newly-appointed Natural Resources Minister Amarjeet Sohi. “We are not in this for the long haul,” Sohi said. “Our goal is to remove the political uncertainty, get this project underway and once that political uncertainty is dealt with, we will explore options of transferring these assets back…
[ad_1] When you’re a company the size of Facebook with more than two billion users on millions of servers, running thousands of configuration changes every day involving trillions of configuration checks, as you can imagine, configuration is kind of a big deal. As with most things with Facebook, they face scale problems few companies have…
[ad_1] President Donald Trump is casting aside concerns about the Federal Reserve’s independence and saying he’s “not happy” with the central bank’s interest rate increases. Trump tells CNBC: “I don’t like all of this work that we’re putting into the economy and then I see rates going up.” The Fed last month raised its policy…
[ad_1] De Beers Canada says it plans to take over the company behind the Chidliak diamond mining project in Nunavut. In a Thursday morning news release, the corporation announced it has entered into an approximately $107 million agreement to acquire all outstanding securities of Peregrine Diamonds Ltd. at $0.24 per share. Peregrine owns and operates the Chidliak diamond exploration…
[ad_1] Shares of Tilray Inc. jumped on Thursday as it became the first Canadian cannabis company to launch an initial public offering on a U.S. stock market. In mid-day trading on Nasdaq, Tilray shares were up more than 29 per cent from its $17 US IPO price to hit $21.99 US. The company trades under the symbol…
[ad_1] WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low last week as the labor market strengthens further, but trade tensions are casting a shadow over the economy’s outlook. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018.…
[ad_1] Inflated property values and the promotion of non-qualifying investments as being RRSP-eligible are some of the key allegations made by the RCMP in a search warrant application it filed to authorize an April raid on six Toronto-area offices. These new details come from a 131-page affidavit used to obtain a search warrant filed by the RCMP in connection with…
[ad_1] In a battle among media giants for control of Twenty-First Century Fox’s entertainment business, Comcast has blinked. The cable and media company said Thursday that it is dropping its bid, instead focusing on its pursuit of the European pay-TV operator Sky. Fox owns 39 percent of Sky and has also been trying to buy…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators on Thursday charged Qualcomm (QCOM.O) with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp (NVDA.O) unit and British phone software maker Icera. FILE PHOTO: Qualcomm’s logo is seen at its booth at the…
[ad_1] Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars. Trump’s latest plan is to consider putting tariffs on imported autos and auto parts — a move he…
[ad_1] (Reuters) – U.S. stocks opened lower on Thursday on declines in financial and industrial stocks and renewed trade tensions on news that the European Union may retaliate if the United States slaps tariffs on EU cars. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc (FOXA.O) on which it was bidding against Walt Disney (DIS.N), and instead focus on its offer for European pay-TV group Sky Plc (SKYB.L). FILE PHOTO: The Comcast NBC logo is shown on a…
[ad_1] LONDON (Reuters) – The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Asian…
[ad_1] LONDON (Reuters) – The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Asian…
[ad_1] FRANKFURT (Reuters) – Audi’s (NSUG.DE) suspended Chief Executive Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail, the Munich prosecutor’s office said on Thursday. FILE PHOTO: Rupert Stadler, CEO and Chairman of the Board of Management of Audi, attends the “AI for Good” Global…
[ad_1] BRUSSELS (Reuters) – The European Union’s trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars. FILE PHOTO – European Trade Commissioner Cecilia Malmstrom attends…
[ad_1] FARNBOROUGH, England (Reuters) – Airbus was set on Thursday to win a much-needed endorsement for the A330neo from its largest buyer as AirAsia prepared a long-distance finale to the Farnborough Airshow. FILE PHOTO: A logo of Airbus is pictured at the entrance of the company’s delivery center in Colomiers near Toulouse, France, July 10,…
[ad_1] TOKYO (Reuters) – Kobe Steel Ltd, (5406.T) Japan’s third-biggest steelmaker, said on Thursday it has been indicted by prosecutors over a data tampering scandal that shook the company and faith in Japanese manufacturing prowess last year. FILE PHOTO: The Kobe Steel (Kobelco) headquarters building is seen in Kobe, western Japan October 24, 2017. REUTERS/Thomas…
[ad_1] Even if the Trump administration won’t listen to Canadian Foreign Affairs Minister Chrystia Freeland on the advantages of the North American Free Trade Agreement, maybe screams of protest from their own industry groups will wake them up to the dangers of protectionism. The issue on the table at today’s hearings in Washington is whether imported cars are a national…
[ad_1] An Ottawa man acting as executor of a will says TD Canada Trust gave him “faulty advice” to mail $500,000 in bank drafts to family members in the U.S. — a move that caught the attention of U.S. border officials, who seized the money. Almost a year later, the money is still stuck at…
[ad_1] BEIJING (Reuters) – China’s foreign ministry said on Thursday flip-flopping by the United States on trade is well-recognized and it is clear who is right and who is wrong in an escalating trade row between the two countries. FILE PHOTO: Shipping containers are seen stacked at the Dachan Bay Terminals in Shenzhen, Guangdong province,…
[ad_1] TOKYO (Reuters) – Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China’s stock and currency markets, with the yuan hitting fresh one-year lows. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018.…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son slammed on Thursday the Japanese government’s ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech. SoftBank Group Corp Chairman and CEO Masayoshi Son speaks during the Wall Street Journal CEO Conference in Tokyo, Japan…
[ad_1] SYDNEY (Reuters) – Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc’s (AMZN.O) U.S. website for cheap wall racks and other parts to keep his costs down. FILE PHOTO: A web page featuring Amazon’s Australian URL is pictured in this photo illustration April 20, 2017. REUTERS/Jason Reed/Illustration/File Photo But Amazon’s…
[ad_1] SYDNEY (Reuters) – Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signaling his almost full retreat from public business life. FILE PHOTO: Australian Businessman and founder of Australia’s Crown Ltd, James Packer walks to…
[ad_1] TOKYO (Reuters) – Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China’s yuan to fresh one-year lows in both the onshore and offshore markets. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March…
[ad_1] TOKYO (Reuters) – Japan’s exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump’s protectionist trade policies. FILE PHOTO: People walk through a shopping district in Osaka, western Japan October 22, 2017. REUTERS/Thomas White/File Photo Exports to the United…
[ad_1] (Reuters) – Online shoppers purchased more than 100 million products worldwide during Amazon.com Inc’s (AMZN.O) annual Prime Day sale this week, despite glitches on its mobile app and websites that prevented several customers from placing orders. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018.…
[ad_1] TOKYO (Reuters) – Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment, although trade war jitters pushed China’s offshore yuan to a fresh one-year low. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai/File Photo…
[ad_1] BERLIN (Reuters) – A further escalation in trade policy tensions between the European Union and the United States would hit financial markets and hurt both sides, said European Commissioner for Economic and Financial Affairs Pierre Moscovici. FILE PHOTO: European Economic and Financial Affairs Commissioner Pierre Moscovici attends a parliamentary committee meeting in Athens, Greece,…
[ad_1] HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd (002027.SZ) to tap into the digital marketing sector. FILE PHOTO: The logo of Alibaba Group is seen inside the company’s newly-launched office in Kuala Lumpur,…
[ad_1] (Reuters) – International Business Machines Corp (IBM.N) on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] (Reuters) – Citgo Petroleum Corp [PDVSAC.UL], the U.S. subsidiary of Venezuelan state-run oil company PDVSA [PDVSA.UL], said on Wednesday that the United States had revoked the visa of its president and chief executive Asdrubal Chavez, cousin of Venezuela’s late president Hugo Chavez, but it did not say why. The logo of PDVSA’s U.S. unit…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc’s (SBGI.O) $3.9 billion acquisition of Tribune Media Co (TRCO.N) to an administrative law judge, a blow to the firms’ chances of winning approval. FILE PHOTO: Chairman of the Federal Communications Commission Ajit…
[ad_1] (Reuters) – Aluminum producer Alcoa Corp lowered its forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018 on Wednesday, citing U.S tariffs on imported aluminum and rising energy costs. An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo The…
[ad_1] WASHINGTON (Reuters) – A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp’s petition to shed Federal Reserve oversight on the basis it is not systemically important to the U.S. financial system, in a further sign of regulatory easing. U.S. Secretary of the Treasury Steven Mnuchin testifies to the House…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc (T.N) to buy movie and TV show maker Time Warner, according to a court filing on Wednesday. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner…
[ad_1] Canadian Pacific Railway Ltd. says service interruptions related to labour negotiations and strike notices caused its net income to decrease 10 per cent in the second quarter despite higher revenues. The Calgary-based railway earned $436 million, compared with $480 million a year earlier. That translated into $3.04 per diluted share for the period ended…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc (T.N) to buy movie and TV show maker Time Warner, according to a court filing on Wednesday. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner…
[ad_1] (Reuters) – International Business Machines Corp (IBM.N) on Wednesday reported second-quarter revenue that beat analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – United Airlines (UAL.N) raised its profit forecast for 2018 on Tuesday, as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs. Shares of United rose as much as 4.2 percent in trading after the bell as the airline’s second-quarter profit also topped analysts’…
[ad_1] NEW YORK (Reuters) – A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies. Traders work on the floor of the New York Stock…
[ad_1] (Reuters) – Berkshire Hathaway Inc (BRKa.N) shares rallied on Wednesday after the conglomerate’s board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s annual meeting in…
[ad_1] Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs. Airbus SE and Thales SA expect the number of cockpit crew on long-haul flights, typically…
[ad_1] SAN FRANCISCO (Reuters) – Amazon.com’s (AMZN.O) stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple (AAPL.O) as Wall Street’s most valuable jewel. FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later. FILE PHOTO: U.S. President Donald Trump…
[ad_1] Ford is recalling about 550,000 cars and SUVs in North America to fix a gearshift problem that could cause the vehicles to roll away unexpectedly. The recall covers certain 2013 through 2016 Fusion sedans and some 2013 and 2014 Escape small SUVs. Ford says a bushing that attaches the shifter cable to the transmission…
[ad_1] The provocatively named speaker series focuses on business and entrepreneurship and involves people sharing stories of making mistakes at work in front of a crowd of strangers. The series was started in Mexico City and has become something of a global phenomenon as events under its name have been held in over 250…
[ad_1] Okta, the cloud identity management company, announced today it has purchased a startup called ScaleFT to bring the Zero Trust concept to the Okta platform. Terms of the deal were not disclosed. While Zero Trust isn’t exactly new to a cloud identity management company like Okta, acquiring ScaleFT gives them a solid cloud-based Zero…
[ad_1] European Union regulators hit Google with a record 4.34-billion euro (nearly $6.7-billion Cdn) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. The penalty is nearly double the previous record of 2.4 billion euros that the U.S. tech company was ordered to pay last year over its online shopping search service. The fine represents just over…
[ad_1] LONDON (Reuters) – Once the outcast of European bond markets, Greece appears firmly on the road to redemption. A Greek national flag flutters on the roof of a building in Athens, Greece February 8, 2018. REUTERS/Costas Baltas After years of austerity, the expiry of an 86 billion euro ($100 billion) bailout in August will…
[ad_1] WASHINGTON (Reuters) – U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale. FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes…
[ad_1] BRUSSELS (Reuters) – EU regulators hit Google (GOOGL.O) with a record 4.34 billion euros ($5 billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. European Competition Commissioner Margrethe Vestager addresses a news conference on Google in Brussels, Belgium, July 18, 2018. REUTERS/Yves Herman The penalty is nearly…
[ad_1] TORONTO (Reuters) – Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show. ‘For Sale’ sign is pictured in the front yard of a house in Toronto,…
[ad_1] Once upon a time, it looked like cloud-based serviced would become the central hub for analyzing all IoT data. But it didn’t quite turn out that way because most IoT solutions simply generate too much data to do this effectively and the round-trip to the data center doesn’t work for applications that have to…
[ad_1] (Reuters) – Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by gains in its fixed income and equities trading businesses, sending its shares up 3.3 percent. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo Net revenue from the bank’s…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) expects to hit the top of its 2018 sales guidance after a strong second quarter, the CEO said, despite joining Pfizer (PFE.N) in freezing its U.S. drug prices for the rest of the year following pressure from President Donald Trump. FILE PHOTO: The logo of Swiss drugmaker Novartis is…
[ad_1] BRUSSELS (Reuters) – The European Commission will fine Google a record 4.3 billion euros ($5 billion) on Wednesday over its Android mobile operating system, a source close to the matter told Reuters. FILE PHOTO – A 3D printed Android mascot Bugdroid is seen in front of a Google logo in this illustration taken July…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators will on Wednesday levy a 4.3-billion-euro ($5 billion) on Google (GOOGL.O) for using its dominant Android mobile operating system to block rivals, a person familiar with the matter said. FILE PHOTO – A 3D printed Android mascot Bugdroid is seen in front of a Google logo in this…
[ad_1] MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has “no liability of…
[ad_1] A surprising speaker series that’s become a global phenomenon is taking root in Canada. The series, provocatively named F–kup Nights (they don’t use dashes), focuses on business and entrepreneurship. It involves people sharing stories in front of a crowd of strangers about making mistakes at work. “We’re so obsessed with success we only want…
[ad_1] The world’s most powerful central banker, U.S. Fed chair Jerome Powell, says strong inflation and low unemployment mean the country’s economic boom is set to continue. But when grilled yesterday by members of the Senate banking committee about the economic risks of trade wars and stagnating wages for the poorest Americans, he returned fire. In wide-ranging…
[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration’s trade policies were already damaging businesses in their districts. Powell in written testimony to the Senate Banking…
[ad_1] Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. [ad_2] Source link
[ad_1] NEW YORK (Reuters) – Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period. In written statement Powell signaled that an era…
[ad_1] (Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight. FILE PHOTO: A CSX freight train crosses the Potomac River in Harpers Ferry, West Virginia, U.S., October 16, 2012. REUTERS/Gary…
[ad_1] MEXICO CITY (Reuters) – Uber Technologies Inc said on Tuesday that it has invested more than $500 million in Mexico since it launched there in 2013, underscoring the country’s importance to the ride-hailing firm as it faces new competition. A man walks by under an Uber logo in Mexico City, Mexico February 6, 2018.…
[ad_1] (Reuters) – Publisher Fairfax Media (FXJ.AX) said on Wednesday it had agreed with rival News Corp’s (NWSA.O) Australian unit to collaborate on printing newspapers to curb costs. The company’s logo is seen on the Fairfax Media building in Sydney, Australia, February 20, 2018. REUTERS/Daniel Munoz The publisher of the Sydney Morning Herald and Australian…
[ad_1] SYDNEY (Reuters) – Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass…
[ad_1] SHANGHAI (Reuters) – China’s aviation regulator will cut flights by Air China’s Boeing 737 fleet by 10 percent and cancel the licenses of the pilot and co-pilot involved in an emergency descent last week, Chinese state television said on Wednesday. FILE PHOTO – Flights of Air China are parked on the tarmac of Beijing…
[ad_1] (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate’s cash. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual…
[ad_1] SHANGHAI (Reuters) – China’s aviation regulator will cut Air China’s flight hours for its Boeing 737 fleet by 10 percent and cancel the licenses for the pilot and co-pilot involved in an emergency descent incident last week, Chinese state television said. FILE PHOTO – Flights of Air China are parked on the tarmac of…
[ad_1] TORONTO (Reuters) – A Toronto-based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company’s chief executive officer said on Tuesday. A staff member poses with a freehand temporary tattoo at the offices of start-up company Inkbox in Toronto, Ontario, Canada July 17,…
[ad_1] SYDNEY (Reuters) – Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass…
[ad_1] WASHINGTON (Reuters) – Boeing Co (BA.N) has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday. The new Boeing 747-8 Intercontinental jetliner is parked on the…
[ad_1] (Reuters) – Newspaper publisher Fairfax Media (FXJ.AX) said on Wednesday that it has entered an agreement with News Corp’s (NWSA.O) Australian unit to collaborate on printing newspapers. The company’s logo is seen on the Fairfax Media building in Sydney, Australia, February 20, 2018. REUTERS/Daniel Munoz The agreement is expected to result in an annualized…
[ad_1] (Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, due to violations of the chipmaker’s code of conduct on personal behavior. A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake…
[ad_1] (Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. FILE PHOTO: A CSX freight train crosses the Potomac River in Harpers Ferry, West Virginia, U.S., October 16, 2012. REUTERS/Gary…
[ad_1] Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. The figure highlights the company’s newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 U.S. presidential campaign. Last week, Twitter confirmed a…
[ad_1] (Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday Brian Crutcher has resigned as the company’s chief executive officer and president, as well as a member of its board due to violations of its code of conduct. A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake Chairman…
[ad_1] (Reuters) – United Airlines (UAL.N) raised its profit forecast for 2018 on Tuesday, breaking a trend for U.S. airlines as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs. FILE PHOTO: A United Airlines Boeing 737-900ER plane takes off from Los Angeles International airport (LAX)…
[ad_1] MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has “no liability of…
[ad_1] WASHINGTON (Reuters) – Facebook Inc (FB.O), Alphabet Inc (GOOGL.O) and Twitter Inc (TWTR.N) told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons. FILE PHOTO: Figurines are seen in front of the Facebook logo in this illustration taken March 20, 2018. REUTERS/Dado Ruvic Conservative…
[ad_1] (Reuters) – Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank’s overhaul. The bank on Tuesday confirmed Solomon will take over from Lloyd Blankfein, who has held the…
[ad_1] Netflix stocks fell more than 14 per cent Tuesday after the company announced it added fewer subscribers in the second quarter than analysts were expecting. The company also downgraded its expectations for the third quarter, but analysts are calling the results a hiccup and say the company remains a compelling investment opportunity in the…
[ad_1] David Neeleman, one of the founders of WestJet Airlines Ltd. and JetBlue Airways Corp., has committed to buy 60 Airbus A220-300 aircraft for a new U.S. airline he’s launching. A memorandum of understanding for the aircraft which was developed by Bombardier Inc. was announced at the Farnborough Air Show. The deal is worth $5.4 billion…
[ad_1] At Google, the company offers a ‘Grab and Go’ program that allows employees to use self-service stations to quickly borrow and return Chromebooks without having to go through a lengthy IT approval process. Now, it’s bringing this same idea to other businesses. Chromebooks have found their place in education and a number of larger…
[ad_1] Prime Minister Justin Trudeau says he has asked Transport Minister Marc Garneau to find solutions following Greyhound’s withdrawal of bus service from western Canada. Trudeau says Greyhound’s move is “difficult” for people who live in the Prairies and for those who are struggling economically. “I have asked our minister of transport to work with…
[ad_1] Moody’s Investors Service raised its credit rating outlook on Canada’s major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices. Moody’s said it boosted its outlook on Royal Bank, Toronto-Dominion Bank, National Bank, Canadian Imperial Bank of Commerce, Bank of Montreal and Bank of Nova Scotia…
[ad_1] Once a seemingly unstoppable retail juggernaut, Walmart’s been scrambling to define its digitally in this Amazon-defined era. This morning, the company announced that it’s struck a five-year deal with Microsoft, Amazon’s chief cloud competitor. These sorts of partnerships are a regular occurrence for AWS — in fact, it announced one with Fortnite maker Epic…
[ad_1] (Reuters) – Shares of Netflix Inc (NFLX.O) headed for their worst day in two years on Tuesday, falling as much as 14 percent after reporting a surprise shortfall in new subscribers in a quarter marked by the lack of a blockbuster new show and World Cup soccer. FILE PHOTO: The Netflix logo is seen…
[ad_1] SAN FRANCISCO (Reuters) – Amazon.com Inc will provide a new set of real-time statistics and graphics on live baseball games later this season, expanding its cloud computing deal with U.S. Major League Baseball, the two organizations told Reuters. The agreement, which makes use of Amazon Web Services’ artificial intelligence and machine learning capabilities, follows…
[ad_1] Statistics Canada says manufacturing sales increased 1.4 per cent to $57.1 billion in May. The improvement followed a drop of 1.1 per cent in April. Economists had expected an increase of 0.5 per cent in May, according to those polled by Thomson Reuters Eikon. Derek Holt, vice president, head of capital markets economics at…
[ad_1] As Amazon looks to increasingly expand its cashier-less grocery stories — called Amazon Go – across different regions, there’s at least one startup hoping to end up everywhere else beyond Amazon’s empire. Standard Cognition aims to help businesses create that kind of checkout experience based on machine vision, using image recognition to figure out…
[ad_1] CHICAGO (Reuters) – Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs’ feet and heads they shipped overseas to China and Hong Kong – for prices higher than they would fetch anywhere else. Those parts and others that most Americans won’t eat – hearts, tongues, stomachs, entrails –…
[ad_1] FARNBOROUGH, England/SINGAPORE (Reuters) – Japan’s Mitsubishi Aircraft Corp, trying to keep its new regional jet on track after series of delays, was forced to cancel a demo flight for the world’s aerospace industry on Tuesday after the jet was hit by a truck. A Mitsubishi Aircraft Corporation flag flies at Farnborough International Airshow in…
[ad_1] LONDON (Reuters) – British Prime Minister Theresa May faces a battle in parliament on Tuesday, with pro-EU lawmakers hoping to influence her plans to leave the European Union a day after she bowed to demands from Brexit campaigners. Britain’s Prime Minister, Theresa May speaks at the Farnborough Airshow, in Farnborough, Britain July 16, 2018.…
[ad_1] Dialpad announced a $50 million Series D investment today, giving the company plenty of capital to keep expanding its business communications platform. The round was led by Iconiq Capital with help from existing investors Andreessen Horowitz, Amasia, Scale Ventures, Section 32 and Work-Bench. With today’s round, the company has now raised $120 million. As…
[ad_1] The CRTC has launched a public inquiry into “possible misleading or aggressive” sales practices used by telecom companies, a move the regulator flatly refused to make just six months ago. “It was definitely discouraging when the CRTC rejected it the first time around,” said Laura Tribe, executive director of consumer advocacy group Open Media. “It is…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) reported a 44 percent rise in second-quarter profit on Tuesday, driven by strength in its investment banking and fixed income trading businesses. FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York, U.S. on July 16,…
[ad_1] FARNBOROUGH, England (Reuters) – Airbus wants to triple the revenue it gets from commercial aircraft services to $10 billion a year in next decade from $3.2 billion in 2017, it said on Tuesday. FILE PHOTO: A branded sign is seen at the entrance to Airbus’ wing assembly plant at Broughton, near Chester, Britain, June…
[ad_1] FARNBOROUGH, England (Reuters) – Boeing (BA.N) raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry’s resilience to rising global trade tensions. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention…
[ad_1] (Reuters) – UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, reported a rise of nearly 28 percent in quarterly profit on Tuesday, driven by growth across its businesses. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – World stocks recovered some ground on Tuesday as oil prices stabilised, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange in the City…
[ad_1] FARNBOROUGH, England (Reuters) – China’s ICBC Leasing has emerged as the major financier behind a provisional $8.8 billion order at list prices for 80 Airbus A320neo single-aisle jets, a person familiar with the matter said. FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference in Colomiers near Toulouse, France, October 17,…
[ad_1] LONDON (Reuters) – The U.S. trade ban on Chinese telecom equipment maker ZTE wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters. FILE PHOTO: A security guard walks past a building of ZTE Beijing research and development center in…
[ad_1] FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) shares were indicated 3.4 percent higher early on Tuesday as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo Ulrich Lehner…
[ad_1] More than a quarter of Canadians are already facing serious financial hardship, according to the findings of a new study released Tuesday as part of an examination of poverty. According to the report from the Angus Reid Institute, 21 per cent of respondents said they can’t afford to go for dental care, while one quarter…
[ad_1] TOKYO (Reuters) – Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s first U.S. congressional testimony. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March…
[ad_1] SEOUL (Reuters) – President Moon Jae-in wants South Koreans to work less and earn more – and to achieve that his government has hiked the minimum wage and slashed the maximum length of the working week. But Heo Jeong, who serves barley tea samples at a Lotte Mart store in Seoul, says she lost…
[ad_1] WASHINGTON (Reuters) – Federal Communications Commission Chairman Ajit Pai said on Monday he had “serious concerns” about Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling. FILE PHOTO: Chairman of the Federal Communications…
[ad_1] (Reuters) – Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments were adding to their…
[ad_1] WASHINGTON (Reuters) – Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th…
[ad_1] FRANKFURT (Reuters) – Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion. FILE PHOTO: A view of the new Amazon logistic center with the company’s logo in…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar steadied ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018.…
[ad_1] WILMINGTON, Del. (Reuters) – International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization. FILE PHOTO: The logo for IBM is displayed on a screen on the floor of the New York Stock Exchange…
[ad_1] Shares of Tesla Inc fell 2.75 per cent on Monday after CEO Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding to their concerns that his public statements are distracting…
[ad_1] FARNBOROUGH, England (Reuters) – United Technologies Corp (UTX.N) Chief Executive Greg Hayes said on Monday his company’s Pratt & Whitney unit will be able to overcome supply chain problems to ramp up engine production next year as planemakers’ orders swell. United Technologies Chairman and CEO Greg Hayes gives an interview to CNBC on the…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan,…
[ad_1] (Reuters) – Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding to their…
[ad_1] LONDON (Reuters) – Silicon Valley e-cigarette start-up Juul Labs is bringing its small flash drive-sized vaping device to the United Kingdom this week, aiming to reproduce its break-neck U.S. growth overseas. Juul e-cigarette starter pack is seen in this picture illustration taken July 16, 2018. REUTERS/Martinne Geller/Illustration Since launching in 2015 Juul has transformed…
[ad_1] (Reuters) – Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy. Noninterest expense dropped 5 percent in the quarter from a year earlier as the bank trimmed headcount and…
[ad_1] (Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s expansion is slowing. The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson The company added…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season. Netflix (NFLX.O) shares ended the session up 1.2 percent but dropped more…
[ad_1] FARNBOROUGH, England (Reuters) – Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit. The deal-making came as host Britain tried to convince a skeptical aerospace industry about…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season. FILE PHOTO: Traders work on the floor of the New York Stock…
[ad_1] Netflix, the best-performing stock in S&P 500 this year, will release its second quarter earnings after stock markets close on Monday. Analysts are expecting strong results largely due to international subscriber gains, and a new focus on profitability at the fast-growing company. Bloomberg analyst Geetha Ranganathan is expecting the company will add about 5…
[ad_1] WASHINGTON (Reuters) – Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling. FILE PHOTO: Chairman of the Federal Communications Commission Ajit Pai speaks at the…
[ad_1] DUESSELDORF/FRANKFURT (Reuters) – The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo Ulrich Lehner’s departure…
[ad_1] WASHINGTON (Reuters) – The Federal Communications Commission has the three votes needed to approve a draft order sending Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N) to an administrative hearing, an official said on Monday. Chairman Ajit Pai speaks ahead of the vote on the repeal of so…
[ad_1] WASHINGTON (Reuters) – Federal Communications Commission Chairman Ajit Pai said on Monday he has “serious concerns” about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co, an announcement that could scuttle the deal. FILE PHOTO: Chairman of the Federal Communications Commission Ajit Pai speaks at the Conservative Political Action Conference (CPAC)…
[ad_1] FRANKFURT (Reuters) – The chairman of embattled German industrial group Thyssenkrupp (TKAG.DE) resigned on Monday, following the company’s chief executive out the door under pressure from activist shareholders pushing for radical restructuring of the group. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela…
[ad_1] NEW YORK (Reuters) – Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. REUTERS/Ann…
[ad_1] Last round before the IPO. That’s how Fastly frames its new $40 million Series F round. It means that the company has raised $219 million over the past few years. The funding round was led by Deutsche Telekom Capital Partners with participation from Sozo Ventures, Swisscom Ventures, and existing investors. Fastly operates a content…
[ad_1] (Reuters) – Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes…
[ad_1] The United States has launched five separate complaints at the World Trade Organization against Canada, China, the European Union, Mexico and Turkey, in response to retaliatory tariffs those countries and groups have launched against American products. The United States Trade Representative Robert Lighthizer said in a statement Monday that recent tariffs implemented by the…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. FILE PHOTO: A shopper carries Gap shopping bags at The Grove mall in Los Angeles November 26, 2013. REUTERS/Lucy Nicholson/File Photo Signs…
[ad_1] Home sales increased last month for the first time this year, but average selling prices are still slightly lower than they were a year ago. The Canadian Real Estate Association said Monday that there were 4.1 per cent more homes sold in June than there were in May. That’s the first time in 2018…
[ad_1] NEW YORK (Reuters) – BlackRock Inc (BLK.N) Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand. FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, takes part…
[ad_1] (Reuters) – BlackRock Inc (BLK.N), the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate. FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, NY, U.S., October…
[ad_1] FARNBOROUGH, England (Reuters) – United Airlines (UAL.N) said on Monday it would buy four new Boeing Co (BA.N) 787-9 widebody aircraft, a deal valued at about $1.1 billion at current list prices. FILE PHOTO: The Boeing Company logo is projected on a wall at the “What’s Next?” conference in Chicago, Illinois, U.S., October 4,…
[ad_1] FARNBOROUGH, England (Reuters) – European aerospace giant Airbus (AIR.PA) on Monday welcomed Britain’s plans to invest heavily in a new fighter jet capability, and said it looked forward to continuing collaborative discussions with other European players. FILE PHOTO: The logo of Airbus is pictured at the company’s headquarters in Colomiers near Toulouse, France, October…
[ad_1] (Reuters) – BlackRock Inc (BLK.N), the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, helped by growth in its investment advisory business. FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, NY, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo Net income attributable to the company…
[ad_1] FARNBOROUGH, England (Reuters) – Qatar Airways has finalized an order to buy five 777 freighters from U.S. planemaker Boeing (BA.N), the two companies said on Monday. FILE PHOTO: A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017. REUTERS/Naseem Zeitoon The deal, announced at the Farnborough Airshow,…
[ad_1] FARNBOROUGH, ENGLAND (Reuters) – Qatar Airways on Monday agreed to order flight simulators from aviation training firm CAE, a CAE executive said ahead of a signing ceremony at Farnborough Airshow. FILE PHOTO: A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017. REUTERS/Naseem Zeitoon The flight training…
[ad_1] (Reuters) – Boeing Co (BA.N) said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE (AIR.PA) in a contest for business on day one of the Farnborough Airshow. FILE PHOTO: The Boeing logo is seen on a Boeing 787…
[ad_1] People working in the trucking industry say a shortage of drivers is looming larger than ever and freight and logistics companies say they can’t fill positions as fast as baby boomers are leaving them. Marc Decarie, company director of Lexon Transport, an Ottawa-based transport company, has more trucks than drivers. “We’ve got six trucks right now without…
[ad_1] If you were hoping that a trade war would bring down your borrowing costs, there are increasing signs it’s not going to happen. As the Canadian Real Estate Association rolls out its latest data on resale homes today, buyers and sellers should make their plans with rising interest rates in mind. Of course, when…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) is expected to name its president, David Solomon, its next chief executive officer early this week, the New York Times reported here on Sunday. David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S.…
[ad_1] Farnborough, ENGLAND (Reuters) – Britain’s Defence Minister Gavin Williamson will unveil a model of the country’s proposed new fighter jet at the Farnborough International Airshow and earmark 2 billion pounds ($2.65 billion) in funding for the project, a source said on Monday. Britain’s Secretary of State for Defence Gavin Williamson arrives in Downing Street…
[ad_1] HONG KONG (Reuters) – Investors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE Corp (0763.HK), pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. FILE PHOTO: A ZTE smart phone is pictured in this…
[ad_1] TORONTO (Reuters) – Canadian government customs provisions are expected to soften the blow on the country’s powerful automotive industry from retaliatory tariffs on U.S. steel, according to trade lawyers and industry leaders bracing for higher costs. FILE PHOTO: Ford and Lincoln vehicles are parked outside the Oakville Assembly Plant in Oakville, Ontario, Canada, November…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Monday as new data showed China’s economy slowed slightly in the second quarter, compounded by fears of a full-scale Sino-U.S. trade war looming over markets. FILE PHOTO: An investor holds onto prayer beads as he watches a board showing stock prices at a brokerage office in Beijing,…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) is expected to name David Solomon as its next chief executive officer early this week, the New York Times reported here on Sunday. David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S. April…
[ad_1] SHANGHAI (Reuters) – Asian shares were lower on Monday after data from China showed the world’s second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-U.S. trade war. FILE PHOTO: An investor holds onto prayer beads as he watches a board showing stock prices…
[ad_1] SHANGHAI (Reuters) – Asian shares were lower on Monday, brushing off the firmer Wall Street lead as investor caution dominated ahead of the release of key Chinese economic data, which is expected to show signs of a slowdown. FILE PHOTO: An investor holds onto prayer beads as he watches a board showing stock prices…
[ad_1] FARNBOROUGH, England (Reuters) – Aerospace firms Airbus (AIR.PA) and Boeing (BA.N) will kickstart a contest for tens of billions of dollars of orders at the Farnborough Airshow on Monday, ensuring fireworks start early as they seek to bolster their already bulging order books. FILE PHOTO: President, Chairman and CEO of The Boeing Company Dennis…
[ad_1] Brazil’s Embraer sees demand for 10,550 new aircraft with a capacity of up to 150 seats in the next 20 years, worth around $600 billion, the planemaker said on Sunday. [ad_2] Source link
[ad_1] LONDON (Reuters) – British Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won’t disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union. Britain’s Prime Minister, Theresa May, appears on the BBC’s Andrew Marr Show in London, Britain…
[ad_1] FRANKFURT (Reuters) – Large shareholders of Thyssenkrupp (TKAG.DE) and Kone (KNEBV.HE) have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo Handelsblatt reported…
[ad_1] WASHINGTON (Reuters) – The top Republican lawmaker overseeing trade policies on Sunday called for a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping to ease trade tensions, warning that U.S. tariffs would likely dampen U.S. economic growth this year. Chairman of the House Ways and Means Committee Kevin Brady (R-TX) holds…
[ad_1] FRANKFURT (Reuters) – The German transport ministry confirmed on Sunday that the country’s federal motor vehicle authority (KBA) is conducting an official hearing into the emissions technology used in three models of car made by Opel. The Opel development centre is pictured in Ruesselsheim, Germany July 5, 2018. REUTERS/Ralph Orlowski Weekly Bild am Sonntag…
[ad_1] FARNBOROUGH, England (Reuters) – Airbus (AIR.PA) is close to a deal to sell A350 long-haul jets to Taiwanese start-up StarLux Airlines, people familiar with the matter said on Sunday. The logo of StarLux Airlines is printed on a backdrop at a launching news conference, in Taipei, Taiwan May 8, 2018. REUTERS/Tyrone Siu The planned…
[ad_1] LONDON (Reuters) – Boeing Co (BA.N) is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday. FILE PHOTO: President, Chairman and CEO of The Boeing Company…
[ad_1] Compass Minerals and the union representing striking Goderich salt mine workers have reached a tentative deal, days after both sides returned to the bargaining table. Unifor Local 16-0 and the company both announced the progress late Saturday. “There is no doubt that the support from hundreds of members of Unifor and other unions, along with…
[ad_1] LONDON (Reuters) – Boeing (BA.N) Chief Executive Dennis Muilenburg said on Sunday both the U.S. and Chinese governments understood the importance of aerospace to their economies, despite mounting trade tensions between the two countries. FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5,…
[ad_1] FARNBOROUGH, England (Reuters) – Brazilian planemaker Embraer (EMBR3.SA) is pushing the low maintenance costs and fuel burn of its E2 jet as it battles tougher competition from the rival A220, now backed by Airbus (AIR.PA), executives said on Sunday. FILE PHOTO: An Embraer E190-E2 is seen during its unveil in Sao Jose dos Campos,…
[ad_1] FARNBOROUGH, England (Reuters) – Europe’s Airbus (AIR.PA) is in talks with Viva Aerobus for a repeat order of up to 40 of its A320neo-family jets, industry sources said on Sunday. FILE PHOTO: A Viva Aerobus Airbus A320-200 aircraft prepares to land at Benito Juarez International Airport in Mexico City, Mexico January 10, 2018. Picture…
[ad_1] FARNBOROUGH, England (Reuters) – British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. FILE PHOTO: PR agent Elsa Goette sits in a Rolls-Royce engine…
[ad_1] FARNBOROUGH, England (Reuters) – Aerospace firms are setting out wares from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical uncertainty allows them to sell more weapons. FILE PHOTO: An Airbus A350 aircraft flies in formation with Britain’s…
[ad_1] LONDON/NEW YORK (Reuters) – The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as surging U.S production upends the market. FILE PHOTO: A pump jack is seen at sunset near Midland, Texas, U.S., on…
[ad_1] Some Tesla customers say they now have to fork over an extra $14,000 for their new Model 3 electric cars because of Ontario’s sudden decision to end an incentive program for electric and hydrogen vehicles. The provincial government announced Wednesday that the program will end on Sept. 10 for those who have their vehicle delivered, registered, and plated…
[ad_1] Thought that annoying system access fee was a thing of the past? It turns out the saga isn’t over. Some people are still paying the controversial wireless phone charge, even as a class action lawsuit targeting the fee makes its way to trial. For years, phone companies — including the big three: Bell, Rogers…
[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. Replacements for Greyhound For many Canadians, Greyhound is the only ride out of town. That service will be no more in most of western Canada after October, but two Canadian bus companies say…
[ad_1] FARNBOROUGH, England (Reuters) – AirAsia (AIRA.KL) is discussing the possible purchase of another 100 Airbus A321neo jets as the company’s chief executive officer, Malaysian entrepreneur Tony Fernandes, and Airbus go down to the wire in parallel negotiations for an expanded order for larger A330neo jets, industry sources said. FILE PHOTO: Tony Fernandes, CEO of…
[ad_1] (Reuters) – The Iowa and Illinois health departments said on Thursday that they were investigating cyclospora infections linked to salads at McDonald Corp’s (MCD.N) restaurants. McDonald’s shares fell 1.4 percent after-hours on Thursday. The Illinois Department of Public Health said it had seen about 90 cases, and the Iowa Department of Public Health said…
[ad_1] After a week of stampeding, Marg McCuaig-Boyd starts to sound like many Calgarians. Alberta’s energy minister is hoarse as she’s beginning to lose her voice. But the Calgary Stampede isn’t over and she’s back at a podium, this time talking up the renewed spirits of those in the oil and gas sector. “I just asked two or…
[ad_1] Twitter’s attempt to clean its service of fake and malicious accounts may be bad news for celebrities losing millions from their follower counts, but it’s likely to be good news for the company in the long run, analysts say. Shares in Twitter seesawed this week after the Washington Post reported the social media company…
[ad_1] NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Friday, fading from a two-week peak which was tied to news of a record Chinese trade surplus that may fuel U.S.-China trade tensions and that briefly spurred safe-haven bids for the greenback. A money changer counts U.S. dollar banknotes at a…
[ad_1] LOS ANGELES (Reuters) – Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve on Friday pointed to “solid” U.S. economic growth during the first half of the year in its semi-annual report to Congress, where it also reiterated that it expected to continue to raise interest rates gradually. FILE PHOTO: The Federal Reserve headquarters in Washington, DC, U.S., September 16, 2015.…
[ad_1] NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. FILE PHOTO: An oil…
[ad_1] (Reuters) – Wells Fargo & Co’s (WFC.N) wealth and investment management unit may be having a harder time generating new business because of damage to the bank’s reputation from scandals over its sales practices, Chief Financial Officer John Shrewsberry said on Friday. FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking…
[ad_1] WASHINGTON (Reuters) – The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc’s YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said. FILE PHOTO: A 3D plastic representation of the Facebook logo is seen…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 index hit a more than five-month high on Friday on gains in industrial stocks and energy companies, while the safe-haven U.S. dollar flattened after touching a two-week high. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13,…
[ad_1] (Reuters) – Citigroup Inc (C.N) is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to explain how those expectations line up with second-quarter results. Although Citigroup beat Wall Street profit expectations, its revenue fell short of forecasts and businesses like branded credit…
[ad_1] WASHINGTON (Reuters) – Republican U.S. Senator Marco Rubio criticized on Friday the decision by the United States to lift a ban on suppliers selling to ZTE Corp <000063.SZ), allowing China’s second-largest telecommunications equipment maker to resume business. FILE PHOTO: Senator Marco Rubio (R-FL) arrives for a Senate Intelligence Committee hearing evaluating the Intelligence Community…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed. The industrial sector gained 0.6 percent, with Boeing…
[ad_1] WASHINGTON (Reuters) – Build-A-Bear Workshop Inc’s (BBW.N) chief executive on Friday apologized to disappointed customers and offered an extended discount, a day after its one-day pay-your-age event prompted massive crowds and shortages at some stores. Sharon Price John, in an interview on NBC’s “Today” program, called the overcrowded sale event, which had to be…
[ad_1] SEATTLE (Reuters) – Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters. Potential customers and the aerospace industry have been eager to learn the cost of a ticket on Blue Origin’s New Shepard space vehicle,…
[ad_1] (Reuters) – The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo The Commerce Department removed the ban shortly…
[ad_1] (Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move could affect the bidding war for Twenty-First Century Fox Inc. FILE PHOTO: Chief Executive Officer of AT&T Randall Stephenson speaks during a moderated discussion…
[ad_1] (Reuters) – Papa John’s International Inc (PZZA.O) will remove founder John Schnatter from its promotions, the pizza chain said on Friday, and baseball team New York Yankees suspended business relationships with the company. FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John’s Pizza, arrives at the 2011 American Music Awards in…
[ad_1] The Hudson’s Bay Company says it will no longer carry Ivanka Trump’s clothing line at its stores and has already dropped the brand from its website. The company says in a statement that it will phase out the brand at its stores throughout the fall. Ivanka Trump’s company was informed of the decision last…
[ad_1] NEW YORK (Reuters) – Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company’s products gave them ovarian cancer by arguing the plaintiffs’ science was flawed and the case should not have been heard in Missouri. FILE PHOTO: A Johnson & Johnson…
[ad_1] LONDON (Reuters) – Chanting “Donald Trump has got to go,” tens of thousands of protesters marched through London on Friday waving banners and banging pots to demonstrate against the U.S. president on his first official visit to Britain. Under a brilliant blue sky, demonstrators streamed through central London’s main streets carrying placards saying “Dump…
[ad_1] LONDON (Reuters) – New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. FILE PHOTO: The Lloyd’s of London building is lit by winter sun in the City of London financial district in…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Friday its loan book shrank and it raked in less fee revenue than a year ago, factors that contributed to lower-than-expected quarterly profit and sent its shares lower. FILE PHOTO: A Wells Fargo stagecoach is seen at the SIBOS banking and financial conference in Toronto,…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O) expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky (SKYB.L) as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday. FILE PHOTO: The Comcast NBC logo…
[ad_1] (Reuters) – The benchmark S&P 500 hit a more than five-month high on Friday as gains in industrials and energy companies offset a drop in financials after a mixed bag of quarterly results from three big Wall Street banks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Even for the long-standing giants of the tech industry, quantum computing is one of the most complicated subjects to tackle. So how does a five-year old startup compete? Chad Rigetti, the namesake founder of Rigetti Computing, will join us at Disrupt SF 2018 to help us break it all down. Rigetti’s approach to quantum…
[ad_1] CHEQUERS, England (Reuters) – President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment of her strategy publicized hours earlier. Fresh from sending NATO into crisis talks and ahead of a summit with…
[ad_1] NEW YORK (Reuters) – The safe-haven U.S. dollar touched to a two-week high on Friday after data showed a record Chinese trade surplus, while Wall Street stocks were little changed on mixed bank earnings and gains in industrials. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] For any company looking to spin up some kind of operation in a new region, one of the first steps may be finding contractors in the area that can actually get the work started — but, especially as companies drift further from cities, that can increasingly become a nightmare that’s quite familiar to Matt…
[ad_1] WASHINGTON (Reuters) – U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods. FILE PHOTO: A stack of shipping containers are pictured in the Port of Miami in Miami, Florida, U.S., May 19, 2016.…
[ad_1] CHEQUERS, England (Reuters) – U.S. President Donald Trump said he would discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin in Helsinki on Monday. Britain’s Prime Minister Theresa May and U.S. President Donald Trump hold a joint news conference at Chequers, the official country residence of the Prime Minister, near…
[ad_1] British Columbia does not have to hand over the health care records of millions of patients to tobacco company Philip Morris International, says Canada’s top court. Friday morning’s unanimous Supreme Court decision clears a hurdle in the province’s quest to sue cigarette companies for billions in health care costs. Writing for the court, Justice Russell…
[ad_1] (Reuters) – U.S. stocks were flat on Friday, as gains in technology stocks offset losses in banks, as the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] WASHINGTON (Reuters) – U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods, pointing to benign import inflation pressures. FILE PHOTO: A stack of shipping containers are pictured in the Port of Miami in…
[ad_1] (Reuters) – Shares of AT&T Inc (T.N) fell 1.8 percent in trading before the bell on Friday after the U.S. Justice Department said it would appeal a federal judge’s approval of the telecommunication network’s acquisition of Time Warner. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner logo in…
[ad_1] LONDON (Reuters) – Britain’s takeover regulator has decided that Disney (DIS.N) must offer 14 pounds a share for Sky (SKYB.L) if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox (FOXA.O), in a key ruling in the takeover battle for the broadcaster. FILE PHOTO: The Sky logo is seen at the company’s UK headquarters…
[ad_1] LONDON (Reuters) – U.S President Donald Trump delivered a withering verdict on British Prime Minister Theresa May’s Brexit strategy, criticized the London mayor and tipped a minister who resigned this week as a future leader in an newspaper interview published on Friday. Britain’s Prime Minister Theresa May poses for a photograph with U.S. President…
[ad_1] CHEQUERS, England (Reuters) – After publicly criticizing British Prime Minister Theresa May’s Brexit strategy, U.S. President Donald Trump said on Friday that the relationship was “very, very strong.” U.S. President Donald Trump arrives at Chequers, Britain July 13, 2018. REUTERS/Hannah McKay “We really have a very good relationship,” Trump said. “Today we are talking…
[ad_1] LONDON (Reuters) – President Donald Trump directly criticized Prime Minister Theresa May’s Brexit strategy, saying it had probably killed off hope of a U.S.-British trade deal and that she had failed to take his advice on how to negotiate with the European Union. In an interview published just hours before he was due to…
[ad_1] LONDON (Reuters) – Opponents of Donald Trump flew a six-meter blimp depicting the U.S. president as an orange, snarling nappy-wearing baby just outside the British parliament on Friday. Demonstrators float a blimp portraying U.S. President Donald Trump, next to a Union Flag above Parliament Square, during the visit by Trump and First Lady Melania…
[ad_1] BRUSSELS (Reuters) – British Prime Minister Theresa May and U.S. President Donald Trump will have a positive discussion on future trade ties, despite the latter’s criticism of May’s Brexit plan, British Finance Minister Philip Hammond said on Friday. Britain’s Finance Secretary Philip Hammond and other guests await the arrival at Blenheim Palace of the…
[ad_1] U.S. President Donald Trump is demanding Canada and other NATO allies boost their military spending to four per cent of their gross domestic product. Canada spends about 1.2 per cent. Many politicians and analysts have dismissed the demand as outlandish or impossible. Of course Canada could spend four per cent of its GDP. It’s the how that makes it difficult.…
[ad_1] BEIJING (Reuters) – China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. FILE PHOTO: A general view of a container port in Shanghai August 11, 2009. REUTERS/Aly Song/File Photo…
[ad_1] SHANGHAI (Reuters) – Asian shares extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-U.S. trade tensions have tempered exuberance. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] BEIJING (Reuters) – China’s trade surplus with the United States swelled to a record in June as its overall exports remained solid, a result that could further inflame a bitter trade dispute with Washington. FILE PHOTO: A general view of a container port in Shanghai August 11, 2009. REUTERS/Aly Song/File Photo The data came…
[ad_1] TOKYO (Reuters) – Oil prices were little changed on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity. FILE PHOTO: An oil pump is seen operating in the Permian Basin near…
[ad_1] SAN FRANCISCO (Reuters) – Employees at several of the world’s biggest technology companies have been exercising newfound political power where they work, pushing their bosses on business ethics with help from established and fledgling nonprofit groups. Facebook CEO Mark Zuckerberg is surrounded by members of the media as he sits down to testify before…
[ad_1] TOKYO (Reuters) – The dollar was buoyant near a 10-day peak on Friday, supported by Treasury yields that edged higher on expectations the U.S. inflation rate will rise. A money changer counts U.S. dollar banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar Short to long-term U.S. Treasury yields…
[ad_1] SHANGHAI (Reuters) – Most Asian share markets rose on Friday, heartened by gains on Wall Street fueled by expectations of strong U.S. earnings, but China’s markets wobbled as investors braced for the impact of broadening, tit-for-tat Chinese-U.S tariffs. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] (Reuters) – Apollo Global Management (APO.N) and its Chief Executive Leon Black are being sued by Caldera Holdings, a venture founded by Imran Siddiqui, a former managing director at the buyout firm, a court filing on Thursday showed. FILE PHOTO – Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the…
[ad_1] SHANGHAI (Reuters) – Apple Inc (AAPL.O) will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country. FILE PHOTO: The Apple logo is seen on a…
[ad_1] TOKYO (Reuters) – Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S., May 3,…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed…
[ad_1] LOS ANGELES (Reuters) – Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou…
[ad_1] SHANGHAI (Reuters) – Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai MSCI’s broadest index…
[ad_1] (Reuters) – U.S. retailer Walmart Inc (WMT.N) on Thursday said it has not decided to sell Japanese supermarket chain Seiyu and would continue to develop its business in Japan. FILE PHOTO: The logo of Walmart is pictured at one of their stores in Monterrey, Mexico March 6, 2017. REUTERS/Daniel Becerril/File Photo On Wednesday, media…
[ad_1] (Reuters) – A Missouri jury on Thursday ordered Johnson & Johnson (JNJ.N) to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed…
[ad_1] CHICAGO (Reuters) – Strong global demand for beef and animal feed fattened grain trader Cargill Inc’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal nutrition factory…
[ad_1] The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion US acquisition of Time Warner, raising the prospect that the deal could be undone. The Justice Department opted in June not to seek an immediate stay of the court’s approval of the merger, allowing the…
[ad_1] PARIS (Reuters) – France’s La Poste is planning to buy the stake in insurer CNP Assurances (CNPP.PA) held by state-owned investment fund Caisse des Depots though the details of the deal are not yet finalised, a source close to the mail company told Reuters on Thursday. FILE PHOTO: The logo of French postal service…
[ad_1] Microsoft announced a number of new tools for its MyAnalytics tool for Office 365 users today that are geared toward giving employees more data about how they work, as well as ways to improve how teams work together. In today’s businesses, everybody has to be a team player, after all, and if you want…
[ad_1] (Reuters) – Broadcom Ltd made an $18.9 billion bid for software firm CA Inc on Wednesday, the latest in the company’s acquisition spree aimed at diversifying beyond semiconductors. FILE PHOTO: Hock Tan, CEO of Broadcom, speaks on the floor of the New York Stock Exchange shortly before the opening bell in New York, U.S.,…
[ad_1] Google acquired API management service Apigee back in 2016 but it’s been pretty quiet around the service in recent years. Today, however, Apigee announced a number of smaller updates that introduce a few new integrations with the Google Cloud platform, as well as a major new partnership with cloud data management and integration firm…
[ad_1] Children’s toy seller Build-A-Bear was forced to halt a promotion that allowed customers to pay their age after the publicity stunt became too popular and led to safety concerns from long lineups. The retailer was touting a promotion online for weeks whereby a child could get a customized teddy bear for the same price…
[ad_1] Microsoft opened up the news floodgates this morning, in the kick off to its annual Inspire event in Vegas. One of the more compelling announcements of the bunch is the addition of a free version of Teams. The Slack competitor has been kicking around in some form or other since late-2016, but the $60…
[ad_1] NEW YORK (Reuters) – Stock markets around the world bounced back on Thursday, with U.S. gains led by merger activity and earnings optimism that offset concerns over an escalating U.S. trade battle with China that had weighed on markets a day earlier. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Microsoft is launching a few new networking features today that will make it easier for businesses to use the company’s Azure cloud to securely connect their own offices and infrastructure using Azure and its global network. The first of these is the Azure Virtual WAN service, which allows businesses to connect their various branches…
[ad_1] DUESSELDORF, Germany (Reuters) – The premier of the German state where Thyssenkrupp (TKAG.DE) is based on Thursday backed the company’s chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017.…
[ad_1] The Bank of Canada’s latest rate increase has raised the cost of borrowing as well as the importance of paying off debts. Credit cards often carry interest rates in the double digits, some of the most crippling in the debt world, so anyone carrying a balance on one should make it their top priority…
[ad_1] Logan Bartlett Contributor More posts by this contributor The SaaS Success Database Have we reached “peak software”? Just like the idea of “peak oil” — the hypothetical point at which global oil production could max out — you could say we’re approaching a saturation point for venture-capital investments in software companies. Recent data from…
[ad_1] NEW YORK (Reuters) – The escalating trade war between the United States and China may prompt U.S. companies to shift money they had earmarked for capital expenditures into stock buybacks instead, pushing record levels of corporate share repurchases even higher. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] GitHub, the code hosting service Microsoft recently acquired, is launching a couple of new features for its business users today that’ll make it easier for them to access public repositories on the service. Traditionally, users on the hosted Business Cloud and self-hosted Enterprise were not able to directly access the millions of public open-source…
[ad_1] WASHINGTON (Reuters) – U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump’s moves to impose tariffs on major U.S. trading partners’ goods, he questioned the wisdom of Congress taking legislative action to stop such sanctions. Speaker of the House Paul Ryan speaks with reporters during his…
[ad_1] Hydro One Ltd. shares slid Thursday with some analysts sounding warnings of greater uncertainty after the new Ontario government announced the retirement of the electrical utility’s chief executive and the replacement of its board of directors. After sagging by almost eight per cent in early trading on the Toronto Stock Exchange, shares of the…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators are set to approve gases groups Linde (LING.DE) and Praxair’s (PX.N) $83 billion merger after pledging to sell Praxair’s assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday. FILE PHOTO: Linde Group logo is seen at a company building in…
[ad_1] (Reuters) – Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $18.9 billion wiped off the same amount from its market value on Thursday, with investors and analysts struggling to find a clear reason for the deal. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who…
[ad_1] Your typical cloud monitoring service integrates with dozens of service and provides you a pretty dashboard and some automation to help you keep tabs on how your applications are doing. Datadog has long done that but today, it is adding a new service called Watchdog, which uses machine learning to automatically detect anomalies for…
[ad_1] LUXEMBOURG (Reuters) – Investment bank Goldman Sachs (GS.N), the world’s biggest cablemaker Prysmian (PRY.MI), Nexans (NEXS.PA) and eight other cable companies on Thursday lost their challenge against a 302 million euros ($353 million) EU cartel fine. The Goldman Sachs company logo is seen in the company’s space on the floor of the New York…
[ad_1] In recent months, we’ve seen more and more funding flowing into tools for mental wellness — whether that’s AI-driven tools to help patients find help to meditation apps — and it seems like that trend is starting to pick up even more steam as smaller companies are grabbing the attention of investors. There’s another…
[ad_1] U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war. [ad_2] Source link
[ad_1] (Reuters) – Broadcom Inc’s (AVGO.O) surprise bid to buy software company CA Inc (CA.O) knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal. FILE PHOTO: A sign to the campus offices of chip…
[ad_1] Just a few weeks ago Canada’s Foreign Affairs Minister Chrystia Freeland was in Hamilton announcing a $2 billion plan to help out Canadian industries hurt by new trade tariffs imposed by U.S. president Donald Trump. But that may mean a lot less to Canadians than the list being put together by an Ontario teen. 17-year-old Tyler Campbell from…
[ad_1] Papa John’s founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. Forbes said Schnatter used the N-word during a media training exercise. When asked how he would distance himself from racist…
[ad_1] CHICAGO (Reuters) – China’s retaliatory tariffs on U.S. soybeans, threatened for weeks and enacted Friday, have driven down prices and triggered a wave of bargain shopping by importers in other countries stocking up on cheap U.S. supplies, according to a Reuters analysis of government data. FILE PHOTO: Soybeans fill a trailer at a farm…
[ad_1] Snowflake, the cloud data warehouse, announced a partnership with Microsoft today to expand their offering to the Azure cloud. The new product is still in Preview for now. Given that Snowflake CEO Bob Muglia worked at Microsoft for more than 20 years, it’s certainly not surprising that Microsoft is the company’s second partner after…
[ad_1] LUXEMBOURG (Reuters) – Investment bank Goldman Sachs (GS.N), the world’s top cablemaker Prysmian (PRY.MI), Nexans (NEXS.PA) and eight other cable companies on Thursday lost their challenge against a 302 million euros ($352.6 million) EU cartel fine. The Goldman Sachs company logo is seen in the company’s space on the floor of the New York…
[ad_1] BEIJING/SEOUL (Reuters) – China on Thursday said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way. Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in…
[ad_1] SHANGHAI (Reuters) – Most U.S. businesses operating in China oppose using tariffs as a weapon to solve their problems ranging from market access to poor protection of intellectual property rights, a survey suggested on Thursday. A man looks at the Pudong financial district of Shanghai November 20, 2013. REUTERS/Carlos Barria Nearly 69 percent of…
[ad_1] BEIJING (Reuters) – Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a champion of openness. FILE PHOTO: A Tesla car charges at a…
[ad_1] Walmart Canada has pulled a line of women’s T-shirts from its website after fielding complaints that their accompanying product descriptions were offensive and sexist. The descriptions included tales of female groupies who serve as sex objects for hockey players and enjoy a golden shower. A third-party dealer sold the T-shirts on Walmart’s site for close…
[ad_1] LONDON (Reuters) – Shares in Sky (SKYB.L) jumped higher on Thursday after Comcast (CMCSA.O) submitted a $34 billion bid for the group just hours after Rupert Murdoch raised his offer, escalating a trans-Atlantic bidding war for the European pan-TV group. FILE PHOTO: The Sky logo is seen at the company’s UK headquarters in west…
[ad_1] WASHINGTON (Reuters) – Federal Reserve officials are scouring new niches of the financial markets to find signals accurate enough to warn the central bank when it is time to stop hiking interest rates before they risk tipping the economy into a recession. FILE PHOTO: The Federal Reserve Building stands in Washington April 3, 2012.…
[ad_1] TOKYO (Reuters) – Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns. FILE PHOTO: A pump jack lifts oil out of a well, during a…
[ad_1] TOKYO (Reuters) – Japanese airline ANA Holdings (9202.T) canceled 330 domestic flights from July 23 through July 31, and warned of further cancellations in August as it continues to inspect engines built by Rolls-Royce (RR.L). FILE PHOTO: All Nippon Airways (ANA) Boeing 787-8 Dreamliner taxis in front of other aircraft at the Tokyo International…
[ad_1] TOKYO (Reuters) – Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23,…
[ad_1] (Reuters) – Pizza chain Papa John’s International Inc (PZZA.O) said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of the board. FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John’s Pizza, arrives at the 2011 American Music Awards in Los Angeles November 20, 2011. REUTERS/Danny Moloshok/File…
[ad_1] SHANGHAI (Reuters) – Most U.S. businesses operating in China oppose the use of tariffs in retaliation for the challenges they face, from an uneven playing field to poor protection of intellectual property rights, a survey showed on Thursday. A man looks at the Pudong financial district of Shanghai November 20, 2013. REUTERS/Carlos Barria Almost…
[ad_1] HONG KONG (Reuters) – JD.com Inc’s finance affiliate said on Thursday it has signed binding agreements with investors to raise 13 billion yuan ($1.96 billion) in fresh equity at a valuation of nearly $20 billion. FILE PHOTO: A JD.com sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December…
[ad_1] SUN VALLEY, Idaho (Reuters) – NBA Commissioner Adam Silver said he expected the league to benefit from a battle between Comcast Corp (CMCSA.O) and Walt Disney Co. (DIS.N) for Twenty-First Century Fox Inc (FOXA.O), regardless of which suitor pulls ahead. Jun 21, 2018; Brooklyn, NY, USA; NBA commissioner Adam Silver speaks before the first…
[ad_1] (Reuters) – Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors’ confidence in its Chief Executive Hock Tan’s dealmaking credentials. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California…
[ad_1] TOKYO (Reuters) – Brent crude rose more than $1 on Thursday as focus turned to a big drawdown in U.S. stockpiles, recouping some of the market’s heavy losses from the previous session that had been sparked by news that Libya would resume oil exports. FILE PHOTO: A pump jack lifts oil out of a…
[ad_1] MEXICO CITY (Reuters) – Wal Mart de Mexico’s (WALMEX.MX) new e-commerce head plans to play to its strengths in grocery deliveries to help the country’s largest retailer stand apart from rivals, like Amazon.com Inc (AMZN.O) and his former employer MercadoLibre Inc (MELI.O), he said in an interview Wednesday. FILE PHOTO: Ignacio Caride, Director-General of…
[ad_1] TOKYO (Reuters) – Asian stocks remained under pressure on Thursday from fears of an escalation in the U.S.-China trade war, while the dollar stood stall after rallying against its peers amid the turmoil in broader markets. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan,…
[ad_1] TOKYO (Reuters) – U.S. retailer Walmart Inc (WMT.N) has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday. FILE PHOTO: The Walmart logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] LONDON (Reuters) – Comcast Corp (CMCSA.O) on Wednesday raised its all-cash offer for Britain’s Sky (SKYB.L) to $34 billion, topping a raised bid of $32.5 billion for the pay-TV group from Rupert Murdoch’s Twenty-First Century Fox (FOXA.O). Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14…
[ad_1] Broadcom, the massive semiconductor supplier you may remember from its failed attempt to acquire Qualcomm, today announced that it has reached a definitive agreement with CA Technologies, a major IT management software and solutions provider. The price of the acquisition is $18.9 billion in cash. CA’s shareholders will receive $44.50 per share, a 20…
[ad_1] NEW YORK (Reuters) – Glencore Plc faces at least two lawsuits by U.S. shareholders accusing the big Anglo-Swiss mining company of having made false and misleading disclosures before it received a subpoena in a corruption probe, and its stock tumbled. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the…
[ad_1] (Reuters) – Broadcom Inc is nearing a roughly $19 billion deal to acquire U.S. business software company CA Inc, in a bid to diversify its technology offerings beyond semiconductors, people familiar with the matter said on Wednesday. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday…
[ad_1] Hydro One’s CEO is retiring as part of an agreement between the Ontario government and the utility company that will also see the replacement of the entire board. Premier Doug Ford vowed to fire Mayo Schmidt during the campaign, repeatedly calling him ex-premier Kathleen Wynne’s $6-million man for his annual salary and bonuses. Hydro One announced…
[ad_1] BEIJING/WASHINGTON (Reuters) – China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods and rattling global markets. China’s commerce ministry said on Wednesday it was “shocked” and would complain to…
[ad_1] (Reuters) – Pfizer Inc (PFE.N) announced plans on Wednesday to reorganize into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year. The company said it is still looking for options for the lower-margin, non-core consumer healthcare business that makes products ranging from painkiller Advil…
[ad_1] NEW YORK (Reuters) – U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies closer to a full-scale trade war. U.S. President Donald Trump’s threat overnight of…
[ad_1] NEW YORK (Reuters) – The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year. A U.S. Dollar note is seen in this June 22, 2017…
[ad_1] A restaurant in the heart of Canada’s cattle country is going the extra mile in its pursuit of the perfect steak. Stephen Deere, owner of Modern Steak in Calgary, teamed up with a southern Alberta ranch to buy an award-winning bull, all part of a plan to breed better beef. “The fat is what gives you that rich flavour, that tenderness, so we…
[ad_1] CN Rail says it plans to invest about $315 million in Ontario this year to expand and strengthen the company’s rail network across the province. The company says planned projects include upgrades at CN’s intermodal terminal in Brampton northwest of Toronto — the company’s largest such facility — and the construction of a new…
[ad_1] Postmedia Network Canada Corp. had a $15.5 million net loss in its third quarter, reflecting a larger non-cash asset impairment charge and a 10 per cent decline in revenue compared with the same time last year. The Toronto-based company, which owns the National Post and other local newspapers as well as other print and…
[ad_1] JetBlue Airways Corp. says it placed a large order for the Canadian-developed A220 because of the commercial aircraft’s economics rather than Airbus taking majority control over the aircraft’s joint venture with Bombardier Inc. Chief financial officer Stephen Priest says the recently closed marriage between the two aircraft manufacturers was a secondary factor in the…
[ad_1] Kairos, the face recognition technology used for brand marketing, has announced the acquisition of EmotionReader. EmotionReader is a Limerick, Ireland-based startup that uses algorithms to analyze facial expressions around video content. The startup allows brands and marketers to measure viewers emotional response to video, analyze viewer response via an analytics dashboard, and make different…
[ad_1] The Ontario Securities Commission has ordered several top executives of timber company Sino-Forest to pay millions in administrative penalties, disgorgement and costs. The regulator ruled last year that the company and several of its top executives defrauded investors and misled investigators in one of Canada’s largest corporate fraud cases. Former CEO Allen Chan, as…
[ad_1] Valimail, a company that focuses on preventing fake and fraudulent emails from reaching your inbox, today announced that it is extending its anti-impersonation platform with a couple of new features that will make it even harder for hackers to pretend they are somebody they are not. While Valimail’s original focus was mostly on ensuring…
[ad_1] U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks to their lowest point since February 2015, the Energy Information Administration said on Wednesday. Crude inventories fell by 12.6 million barrels in the week to July 6, compared with analysts’ expectations for…
[ad_1] The Bank of Canada has decided to raise its benchmark interest rate to 1.5 per cent. The bank’s rate, known as the overnight rate, is the interest that retail banks have to pay for short term loans, but it affects what that consumers pay to those banks for things like mortgages, lines of credit and savings accounts.…
[ad_1] Tim Hortons has signed an agreement with a private equity firm to expand in China. Under the exclusive master franchise joint venture agreement announced Wednesday, Cartesian Capital Group will develop and open more than 1,500 Tim Hortons restaurants in China over the next 10 years. Financial terms of the agreement were not immediately available.…
[ad_1] WASHINGTON (Reuters) – U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years. FILE PHOTO: Workers box jars of pasta sauce at a plant run by Chelten House Products in Bridgeport, New Jersey July 27,…
[ad_1] Most of us never really stop to think about how the software and services we use on a daily basis are created. We just know it’s there when we want to access it, and it works most of the time. But companies don’t just appear and expand randomly, they need a well defined process…
[ad_1] GENEVA (Reuters) – A “reckoning” over China’s unfair trade policies is urgent and is too big for the World Trade Organization to handle, U.S. ambassador Dennis Shea told a WTO meeting on Wednesday. Washington has raised the stakes in its trade dispute with Beijing, threatening 10 percent tariffs on $200 billion of Chinese goods.…
[ad_1] LONDON (Reuters) – Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017.…
[ad_1] LONDON (Reuters) – Rupert Murdoch’s 21st Century Fox (FOXA.O) has raised its offer for Britain’s Sky (SKYB.L) in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast (CMCSA.O) for now. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough…
[ad_1] (Reuters) – U.S. drugmaker Pfizer Inc (PFE.N) said on Wednesday it would reorganize its business into three units and one of them would include a new hospital business segment. FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly The three units are…
[ad_1] LONDON (Reuters) – Britain’s information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users’ data was improperly accessed by consultancy Cambridge Analytica. The 500,000 pound ($663,850) fine is less that 10 minutes worth of revenue for the social media firm worth $590 billion, but…
[ad_1] BEIJING/WASHINGTON (Reuters) – China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation,…
[ad_1] LONDON (Reuters) – Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war. The German share price index, DAX board, is seen at…
[ad_1] LONDON (Reuters) – The Chinese yuan skidded toward an 11-month low and the Australian dollar fell on Wednesday after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes…
[ad_1] Canadians will be surrounded by the logos of new recreational cannabis brands at a wide variety of fun events this summer as pot purveyors exploit a once-in-a-lifetime chance to market their product before government restrictions fully kick in. At recent concerts by both classic rockers Jethro Tull and rap superstar Kendrick Lamar, banners bearing the…
[ad_1] (Reuters) – Glencore Plc (GLEN.L) has established a board committee to oversee the mining company’s response to U.S. authorities’ demands for documents on its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the…
[ad_1] China slammed the U.S. threat to expand tariff hikes to imports including apples, fish sticks and French doors as a “totally unacceptable” escalation of their trade battle and vowed Wednesday to protect its “core interests.” The government gave no details but the Commerce Ministry earlier threatened “comprehensive measures.” That prompted fears Beijing might go…
[ad_1] SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a…
[ad_1] WASHINGTON/BEIJING (Reuters) – The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding. China’s commerce ministry said it was “shocked” by the latest U.S. trade…
[ad_1] WASHINGTON/BEIJING (Reuters) – The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding. FILE PHOTO: A worker helps load steel bars onto a truck at…
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation into how she handled allegations of racial discrimination at the ride-hailing firm. The Uber logo is displayed on a screen during the Women In The World Summit in New York City,…
[ad_1] TOKYO (Reuters) – Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo The specter of…
[ad_1] WASHINGTON/BEIJING (Reuters) – The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports. Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song The news sent stocks tumbling, with…
[ad_1] TOKYO (Reuters) – U.S. tariffs on an additional $200 billion worth of Chinese goods sent Asian stocks tumbling on Wednesday, with China’s markets leading the declines, as trade tensions between the world’s two biggest economies continued to deteriorate. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] WASHINGTON (Reuters) – The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song U.S. officials released a…
[ad_1] TOKYO (Reuters) – Asian stocks retreated and perceived safe havens such as the yen and U.S. Treasuries rose on Wednesday after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, sharply escalating the trade war between the world’s two biggest economies. FILE PHOTO: People walk past…
[ad_1] WASHINGTON (Reuters) – Pfizer Inc (PFE.N) said on Tuesday it was deferring drug price increases for no more than six months after the company’s chief executive officer had an extensive conversation with U.S. President Donald Trump. FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1,…
[ad_1] TOKYO (Reuters) – The dollar fell from seven-week highs against the yen and the Australian dollar stumbled after Washington announced a plan to slap tariffs on $200 billion (£150.8 billion) of imports from China, escalating tensions between the world’s two biggest economies. An Australia Dollar note is seen in this illustration photo June 1,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday said Pfizer Inc was rolling back drug prices after he spoke with Pfizer’s chief executive officer and U.S. Health and Human Services Secretary Alex Azar. FILE PHOTO: U.S. President Donald Trump speaks with the news media before boarding Marine One for travel to Europe from…
[ad_1] SAN FRANCISCO (Reuters) – German automaker Daimler AG and auto supplier Bosch Corp [ROBSCJ.UL] will deploy self-driving taxis in California’s Silicon Valley region next year as part of a test program of vehicles designed for city driving, the two companies said on Tuesday. FILE PHOTO: The Mercedes-Benz F015 Luxury in Motion autonomous concept car…
[ad_1] (Reuters) – U.S. President Donald Trump is preparing to publish a list of an additional $200 billion in Chinese products to be hit with tariffs, Bloomberg reported on Tuesday, citing two people familiar with the matter, in the latest step in the trade skirmish between the world’s two biggest economies. FILE PHOTO: Shipping containers…
[ad_1] NEW YORK (Reuters) – The S&P 500 rose for a fourth session on Tuesday to post its highest close since Feb. 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season. The consumer staples index climbed 1.3 percent and provided the biggest…
[ad_1] Some Canadian bus companies say they’re willing and able to fill parts of the void left by Greyhound when the U.S. carrier announced this week that it would soon halt most of its operations in Western Canada. A Charlottetown-based bus company that stepped in six years ago when the Maritimes lost a major regional…
[ad_1] Online retail giant Amazon confirmed Tuesday its plans to bring a massive distribution centre to Ottawa’s east end. Once the new one-million-square-foot facility is built, it will employ more than 600 people full-time, according to Amazon, and become a hub for shipping large items such as household furniture, sporting equipment and gardening tools. The distribution centre…
[ad_1] House prices declined in much of the Greater Toronto Area in the second quarter of this year, particularly in Richmond Hill, Markham and Vaughan, according to the real estate firm Royal LePage. “It was a spring market that never blossomed,” Phil Soper, president and CEO, Royal LePage, said in a news release on Tuesday. In…
[ad_1] SolarWinds, the company behind tools like Pingdom, Papertrail, Loggly and a number of other IT management tools, today announced it has acquired Trusted Metrics, a company that helps businesses monitor incoming threats to their networks and servers. This move follows SolarWinds’ acquisition of Loggly earlier this year. Among other things, Loggly also provides a…
[ad_1] Canadian housing starts in June jumped 28 per cent to 248,100 annualized units, the fastest pace of home construction in almost a decade, BMO Capital Markets says. The Canada Mortgage and Housing Corporation said in a release that housing starts jumped by more than a quarter during the month, and BMO noted that multi-family units…
[ad_1] The Bank of Canada is widely expected to boost a key interest rate on Wednesday as it resumes efforts to “wean” the economy off low borrowing costs. The bank’s target for the overnight rate — what major financial institutions charge each other for one-day loans — has been at 1.25 per cent since mid-January. Since then, the bank…
[ad_1] (Reuters) – Boeing Co’s (BA.N) first-half aircraft orders were more than double those of Airbus SE (AIR.PA), while its jetliner deliveries rose 7.4 percent from the year-ago period. FILE PHOTO: Boeing’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo Boeing, the world’s largest planemaker,…
[ad_1] (Reuters) – The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping off his longtime romantic partner about the payment processor’s $4.3 billion takeover by Global Payments Inc (GPN.N). FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs…
[ad_1] Box announced today that it has acquired Butter.ai, a startup that helps customers search for content intelligently in the cloud. The terms of the deal were not disclosed, but the Butter.AI team will be joining Box. Butter.AI was started by two ex-Evernote employees, Jack Hirsch and Adam Walz. The company was partly funded by…
[ad_1] Cineplex says it’s adding at least five more immersive, virtual-reality experience centres in Canada over the next several years. The Void Experience Centres combine virtual reality technology and sensory effects, like touch and smell, to give users an immersive experience incorporating movie franchises, like Star Wars and Ghostbusters. Cineplex already operates one of the centres…
[ad_1] (Reuters) – PepsiCo Inc’s (PEP.O) better-than-expected quarterly results on Tuesday pointed to signs of a gradual recovery in its struggling soda business as the company doubled down on efforts to promote colas, setting shares up for their best day in seven years. The company’s North America beverages sales fell 0.9 percent – its smallest…
[ad_1] (Reuters) – The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc and his romantic partner with insider trading ahead of the payment processor’s $4.3 billion takeover by Global Payments Inc (GPN.N). FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the…
[ad_1] The name that Bombardier has said for a decade was its future is now no more, as Airbus officially renamed the C Series aircraft as the A220, bringing it in line with its other jets. Airbus President Guillaume Faury announced the move in a tweet Tuesday, telling followers that the line of planes his company…
[ad_1] Foursquare has just hired Liz Ritzcovan as Chief Revenue Officer. Ritzcovan hails from BazaarVoice, where she also served as CRO. She previously held CRO positions at Sizmek and Parade Media Group, and before that, spent time at Yahoo, Time Inc, and Interbrand. Though Foursquare has been around since 2009, things have changed a lot…
[ad_1] TD Bank has signed a deal to acquire Saskatchewan-based money manager Greystone Managed Investments Inc. in a stock-and-cash agreement worth roughly $792 million. TD says the addition of Greystone’s $36 billion in assets under management will make TD Asset Management the largest money manager in the country, based on Canadian assets. The bank’s group…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said it has agreed to cooperate with China’s FAW Group (000800.SZ) and the China Intelligent and Connected Vehicles Research Institute (ICV) on technologies including e-mobility, connectivity and autonomous driving. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018.…
[ad_1] TOKYO/LONDON (Reuters) – Oil prices rose by over 1 percent toward $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. FILE PHOTO: An oil pump jack is seen at sunset…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday, as focus turned to the U.S. corporate earnings season that kicks off this week, while worries of a trade dispute took a back seat in the wake of encouraging economic data. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] TOKYO/LONDON (Reuters) – Oil prices rose more than $1 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas,…
[ad_1] (Reuters) – PepsiCo Inc (PEP.O) reported second-quarter revenue and profit that topped Wall Street estimates as higher sales in its Frito-Lay unit in North America helped offset sluggish demand for beverages. FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni Pepsi’s beverages unit…
[ad_1] LONDON (Reuters) – World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker. Shire branding is seen outside their offices in Dublin, Ireland, April 25, 2018.…
[ad_1] Canada may have declared war on American-made ketchup, but has given its sidekick, mustard, a reprieve. Mustard made the proposed list of retaliatory tariffs on U.S. goods, but the federal government dropped it just before the tariffs took effect July 1, cutting Canadian mustard seed farmers a break. Several industry groups petitioned Ottawa to get certain…
[ad_1] TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it received a key U.S. regulatory approval for the $62 billion acquisition of London-listed Shire Plc. Shire branding is seen outside their offices in Dublin, Ireland, April 25, 2018. REUTERS/Clodagh Kilcoyne Takeda has received unconditional clearance from the United States Federal Trade Commission…
[ad_1] TOKYO (Reuters) – Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest…
[ad_1] SYDNEY (Reuters) – Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan,…
[ad_1] TOKYO (Reuters) – SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. FILE PHOTO: A website of Yahoo Japan Corp is seen on a computer screen in Tokyo August…
[ad_1] BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc (TSLA.O) has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war. The move is the first indication of how much higher…
[ad_1] SINGAPORE (Reuters) – A former Goldman Sachs Group Inc. (GS.N) banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: A…
[ad_1] SHANGHAI (Reuters) – U.S. carmaker Tesla Inc (TSLA.O) has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war. The move is also the first indication of how much…
[ad_1] TOKYO (Reuters) – Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest…
[ad_1] SYDNEY (Reuters) – Asian shares rallied for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018.…
[ad_1] TOKYO (Reuters) – Oil prices rose on Tuesday on escalating concerns about potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway are set to strike later in the day after failed wage talks. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S.,…
[ad_1] CALGARY, Alberta (Reuters) – The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. FILE PHOTO: UAE’s Oil Minister OPEC President Suhail Mohamed Al Mazrouei addresses a news conference after an OPEC meeting in Vienna,…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp (9984.T) said on Tuesday that its unit SoftBank Corp would buy 221 billion yen ($2 billion) worth of shares in Yahoo Japan Corp (4689.T), a 10.78 percent stake, held by U.S. investment firm Altaba Inc (AABA.O). FILE PHOTO: A website of Yahoo Japan Corp is seen on a…
[ad_1] SYDNEY (Reuters) – Asian shares sought to rally for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March…
[ad_1] (Reuters) – Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O). Uber will work with Lime as a strategic partner in the electric scooter space with the companies working to co-brand Lime’s scooters and make the service…
[ad_1] SAN FRANCISCO (Reuters) – Hewlett Packard Enterprise Co (HPE.N) can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday. FILE PHOTO: A trader passes by the post where Hewlett Packard Enterprise Co., is traded on the floor of the New York Stock Exchange…
[ad_1] CALGARY, Alberta (Reuters) – The president of OPEC on Monday defended the oil producer group against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. FILE PHOTO: UAE’s Oil Minister OPEC President Suhail Mohamed Al Mazrouei addresses a news conference after an OPEC meeting in Vienna,…
[ad_1] After several years of unionization drives at WestJet, a majority of flight attendants at the airline have now signed union cards, according to the Canadian Union of Public Employees (CUPE). CUPE announced Monday it has now filed an application with the Canada Industrial Relations Board (CIRB) to represent those flight attendants. The union says more than…
[ad_1] The base metals and industrial sectors helped Canada’s main stock index close at a record high Monday, while U.S. stock markets also climbed higher as technology companies and banks rose. Stocks were up across North America following positive economic data from Canada and the U.S. last week, said Craig Fehr, a Canadian markets strategist…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Monday, giving the Dow and S&P 500 their biggest gains in more than a month, as bank shares jumped ahead of earnings reports later this week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6,…
[ad_1] WASHINGTON (Reuters) – A group of U.S. state attorneys general is investigating whether Five Guys, Panera, Burger King and other big fast food chains are using “no-poach” rules in franchise agreements to hold down wages and limit employee advancement, the officials said on Monday. FILE PHOTO: Burger King logo is seen in a restaurant…
[ad_1] (Reuters) – Four senior U.S. House Republicans sent letters on Monday to the chief executives of Apple Inc and Google parent Alphabet Inc asking questions about location data and mobile phone privacy practices and the handling of customer data. FILE PHOTO: The Apple Inc. logo is shown outside the company’s Worldwide Developers Conference in…
[ad_1] The Canada Pension Plan Investment Board is preparing to buy a 39 per cent stake in Sportradar, a global company that distributes data from the National Hockey League and other professional sports for betting purposes. For this investment, Toronto-based CPPIB has teamed up with TCV of Menlo Park, Calif., but they haven’t disclosed how…
[ad_1] Greyhound Canada is ending its passenger bus and freight services in Alberta, Saskatchewan and Manitoba, and cancelling all but one route in B.C. — a U.S.-run service between Vancouver and Seattle. The changes take effect the end of October, which will make Ontario and Quebec the only regions where the familiar running-dog logo will…
[ad_1] (Reuters) – Twenty-First Century Fox Inc (FOXA.O) is preparing a new bid for Sky Plc (SKYB.L) that values it at about 25 billion pounds ($33.14 billion) to top the offer it has received from Comcast Corp (CMCSA.O), the Financial Times reported on Monday. FILE PHOTO: Tennis – US Open – Mens Final – New…
[ad_1] Restaurant Brands International Inc., the parent company of Tim Hortons, has named Duncan Fulton as its chief corporate officer, effective immediately. Fulton was president of Canadian Tire’s FGL Sports Ltd. group until earlier this year where had previously served as senior vice-president for communications. He also brings a wealth of political experience. Fulton served…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) has raised prices on its Model X and S cars by more than $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. FILE PHOTO: A sign is seen outside Tesla…
[ad_1] NEW YORK (LPC) – A record US$1.45trn of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all-time highs. Logos and trading information for AT&T and Time Warner are displayed on a screen on the…
[ad_1] (Reuters) – Shares of Twitter Inc (TWTR.N) fell 9 percent on Monday after a report said the social media company had suspended more than 70 million fake accounts in May and June, which could lead to a decline of monthly active users in the second quarter. FILE PHOTO: The Twitter logo is displayed on…
[ad_1] BRASILIA (Reuters) – A shareholder of planemaker Embraer SA (EMBR3.SA) filed a complaint with Brazil’s securities regulator against a planned takeover of its commercial aircraft arm by Boeing Co (BA.N), newspaper Valor Econômico reported on Monday. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose…
[ad_1] Suncor Energy Inc. says production at the Syncrude oilsands complex is expected to ramp up to full production in early to mid-September after a power disruption in June that shut down operations. The company, which holds a 58.7 per cent stake in the partnership, says a preliminary investigation indicates the disruption was caused by…
[ad_1] NEW YORK (Reuters) – Citigroup Inc (C.N) is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around. FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Monday, on track for third day of gains in a row, after last week’s strong U.S. jobs data helped investors brush aside trade concerns. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. FILE PHOTO: A sign is seen outside Tesla Motors’…
[ad_1] Starbucks says it will replace plastic straws in stores globally with ones made from other materials by 2020, a nod to the growing push for businesses to be more environmentally friendly. The Seattle-based company said Monday it will also use lids designed not to need straws. This follows an announcement by McDonald’s that it…
[ad_1] LONDON (Reuters) – Global shares hit a two-week high on Monday as favorable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain’s departure from the EU, with traders focused on the likelihood of a “soft Brexit”. The German share price index, DAX board, is seen at…
[ad_1] MUNICH (Reuters) – BMW plans to source 4 billion euros’ ($4.7 billion) worth of battery cells from Chinese battery maker Contemporary Amperex Technology Ltd (300750.SZ) (CATL) over the next few years, the carmaker’s purchasing boss said on Monday. FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto Show…
[ad_1] BEIJING (Reuters) – Major Chinese ports have started clearing goods from the United States on Monday, as new tariffs on U.S. imports have gone into effect, three sources told Reuters, as a trade spat between Beijing and Washington escalated into an outright war last Friday. FILE PHOTO: Shipping containers are seen piled up at…
[ad_1] HONG KONG (Reuters) – Xiaomi Corp made a weak debut in Hong Kong on Monday, with the Chinese smartphone maker’s shares sliding as much as 6 percent on valuation concerns, in an ominous sign for its technology sector peers lining up listings in the city. Xiaomi founder, Chairman and CEO Lei Jun prepares to…
[ad_1] TOKYO (Reuters) – Nissan Motor (7201.T) said on Monday it had unearthed misconduct related to exhaust emissions and fuel economy measurements for 19 models sold in Japan, the second case in under a year where misconduct has been discovered in its inspection processes. The logo of Nissan is seen during the 88th International Motor…
[ad_1] LONDON (Reuters) – Citigroup (C.N) is boosting its operations in France ahead of Brexit with a series of senior appointments, according to an internal memo reviewed by Reuters on Monday. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture…
[ad_1] It’s a relationship that Canadians had gotten used to. For years, when the price of oil went up, so did the value of the Canadian dollar. That led to a soaring loonie when oil prices were flying high, but double-takes while travelling in the U.S. once the wind came out of oil’s sails and the Canadian…
[ad_1] PARIS (Reuters) – Air France KLM (AIRF.PA), hit by strikes and without a CEO since May, reported higher passenger traffic for June on Monday, while a leading French transport executive was touted as its possible new chief executive. FILE PHOTO: The Air France-KLM company logo is seen at the annual shareholder meeting in the…
[ad_1] TOKYO (Reuters) – Shares in Nissan Motor Co (7201.T) on Monday slumped about 5 percent to their lowest level in more than a year after the automaker said it would hold a briefing regarding its procedures to measure vehicle exhaust gas at its domestic plants. FILE PHOTO: The logo of Nissan Motor Co is…
[ad_1] HONG KONG (Reuters) – Xiaomi Corp’s shares fell as much as 6 percent in their Hong Kong debut on concerns over the Chinese smartphone maker’s valuation, in an ominous sign for its technology sector peers who have lined up listings in the city. Xiaomi founder, Chairman and CEO Lei Jun prepares to hit the…
[ad_1] SYDNEY (Reuters) – Asian shares rallied on Monday as favorable U.S. jobs data whetted risk appetites, while sterling wobbled after the shock resignation of two UK ministers over Brexit threatened the survival of Prime Minister Theresa May. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) on Monday said it would hold a briefing at 0800 GMT regarding procedures to measure vehicle exhaust gas at its domestic plants. FILE PHOTO: The logo of Nissan Motor Co is seen at its showroom in Tokyo, Japan February 9, 2017. REUTERS/Toru Hanai/File Photo The announcement comes…
[ad_1] SHANGHAI (Reuters) – Starbucks Corp’s (SBUX.O) outgoing Executive Chairman Howard Schultz said on Monday that a recent slowdown in China would be short-lived, seeking to salve investor concerns that the U.S. coffee chain is under pressure in the fast-growing market. FILE PHOTO – Starbucks executive chairman Howard Schultz attends a press conference at the…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s (1810.HK) shares fell as much as 6 percent on debut in Hong Kong due to valuation concerns, delivering a blow to investor sentiment in the tech sector where peers have lined up listings in the city. Xiaomi founder, Chairman and CEO Lei Jun prepares to…
[ad_1] TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday stressed that the central bank would maintain its ultra-loose monetary policy until inflation hits its 2 percent target. Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 15, 2018. REUTERS/Issei Kato He also…
[ad_1] SYDNEY (Reuters) – Asian share markets rallied on Monday as favorable U.S. jobs data whetted risk appetites, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s (1810.HK) shares dropped 2.9 percent on debut in Hong Kong on Monday, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city. Xiaomi founder, Chairman and CEO Lei Jun (L) and CFO…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s (1810.HK) shares are set to open down 2.4 percent on debut in Hong Kong on Monday, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city. Xiaomi founder, Chairman and CEO Lei…
[ad_1] SYDNEY (Reuters) – Asian share markets crept higher on Monday following favorable U.S. jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in…
[ad_1] LONDON (Reuters) – Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco showed. Traders work on the floor of the New York Stock…
[ad_1] SYDNEY (Reuters) – Asian share markets looked set to bounce on Monday following favorable U.S. jobs data, while sterling slipped after a key member of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt. FILE PHOTO: A man looks at an electronic stock quotation board outside…
[ad_1] FRANKFURT (Reuters) – PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company’s biggest ever deal. FILE PHOTO: Dan Schulman, president and chief executive officer of PayPal Holdings Inc., attends the Viva Technology conference in Paris,…
[ad_1] While serverless computing isn’t new, it has reached an interesting place in its development. As developers begin to see the value of serverless architecture, a whole new startup ecosystem could begin to develop around it. Serverless isn’t exactly serverless at all, but it does enable a developer to set event triggers and leave the…
[ad_1] AIX-EN-PROVENCE, France (Reuters) – The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate. FILE PHOTO: French Finance Minister Bruno Le Maire walks in the courtyard as he arrives at the Elysee Palace in Paris, France, July 6,…
[ad_1] BEIJING (Reuters) – China’s COSCO Shipping Holdings (601919.SS) (1919.HK) said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL)(0316.HK) on security issues. FILE PHOTO: Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, China, February 17,…
[ad_1] PARIS (Reuters) – The United States can expect a strong and united response from Europe to any further tariff increases, French Finance Minister Bruno Le Maire said on Sunday, warning a trade war was already underway. FILE PHOTO: French Finance Minister Bruno Le Maire walks in the courtyard as he arrives at the Elysee…
[ad_1] Canada’s stock market, like so many Canadian industries, was left shaken as traders grappled with the prospect of a full-blown trade war with the United States in the first half of 2018. Canadian equities started the year down, dragged lower by volatility that rocked U.S. markets in the first quarter. But they have roared back to…
[ad_1] PARIS (Reuters) – China’s Huawei, the world’s largest maker of telecommunication network equipment, does not see itself becoming the target of U.S. sanctions and will keep buying U.S. chips this year, one of its three rotating chairmen told a French newspaper. FILE PHOTO: A worker adjusts the logo at the stand of Huawei at…
[ad_1] AIX-EN-PROVENCE, France (Reuters) – IMF Managing Director Christine Lagarde said on Saturday that a proposed joint euro zone budget could be designed with conditions so that it does not become a no-strings-attached transfer of rich countries’ cash to poorer members. FILE PHOTO: International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the Foreign…
[ad_1] SINGAPORE/NEW YORK (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict. FILE PHOTO: Shipping containers at Pier J at the Port of Long…
[ad_1] AIX-EN-PROVENCE, France (Reuters) – French telecoms firms Orange (ORAN.PA) is open to discussing potential tie-ups with other operators in its home market but is not likely to be the instigator of consolidation in the sector, financial chief Ramon Fernandez said. FILE PHOTO: French telecom operator Orange Delegate Chief Executive Officer in charge of Group…
[ad_1] SOFIA (Reuters) – China will stick to the path of opening its markets and other reforms that has lifted its growth, Premier Li Keqiang said on Saturday, a day after the Washington and Beijing slapped tariffs on $34 billion worth of each others’ imports. Chinese Premier Li Keqiang speaks during the 7th Summit of…
[ad_1] HONG KONG (Reuters) – A departing senior executive at China’s ZTE Corp (000063.SZ)(0763.HK), which is fighting a crippling U.S. supplier ban, said in a letter to staff on Friday that his departure amid a Sino-US trade war was “deeply humiliating”. FILE PHOTO: The logo of China’s ZTE Corp is seen at the lobby of…
[ad_1] If one word could sum up how many Canadians feel about the Trump-shaped piano dangling over the country’s economy, it would likely be “disbelief.” Sure, we know all about America First, Rust Belt jobs and Canadian dairy subsidies, but certainly, even U.S. President Donald Trump knows how much trade has helped to make Americans rich, many Canadians say…
[ad_1] DUESSELDORF/FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) will take its time to replace Chief Executive Heinrich Hiesinger after his resignation, dampening hopes of a speedy restructuring or even a break-up of the German industrial group. Hiesinger’s resignation came less than a week after he sealed a landmark joint venture deal with India’s Tata Steel (TISC.NS), the…
[ad_1] NEW YORK (Reuters) – Oil was mixed on Friday, with short-covering pushing up U.S. crude futures while Brent slipped on global trade tensions and increased Saudi production. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo West Texas Intermediate crude futures CLc1 gained…
[ad_1] LONDON (Reuters) – U.S. satellite group EchoStar (SATS.O) dropped a $3.2 billion takeover approach for Inmarsat (ISA.L) on Friday after failing with a late attempt to persuade the British company into talks. FILE PHOTO: A technician looks at a solar panel on the Inmarsat S-Band/Hellas-Sat 3 satellite in the clean room facilities of the…
[ad_1] NEW YORK (Reuters) – The dollar hit three-week lows on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely watched inflation gauge – wage growth – rose less than forecast and the unemployment rate increased. A man walks past an exchange bureau advertisement showing images of…
[ad_1] NEW YORK (Reuters) – With the United States and China finally formalizing tit-for-tat import tariffs, Wall Street is gearing up to dissect U.S. corporate earnings in the coming weeks for signs of a trade war impact and whether it will affect spending plans. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] DETROIT (Reuters) – German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina. FILE PHOTO: The BMW logo is seen on a vehicle at…
[ad_1] WASHINGTON (Reuters) – Companies seeking product exclusions from tariffs on Chinese goods imported into the United States will get 90 days to file such requests, until Oct 9, the U.S. Trade Representative’s office said on Friday. FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J…
[ad_1] NEW YORK (Reuters) – World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for risk. Traders work on the floor…
[ad_1] DETROIT (Reuters) – U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related services, from Tesla Inc (TSLA.O) to dozens of Silicon Valley startups. Chinese companies in the past…
[ad_1] WASHINGTON (Reuters) – The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year. Nonfarm payrolls rose by 213,000 jobs last month as manufacturers stepped up hiring, the Labor Department…
[ad_1] BEIJING (Reuters) – Ford Motor’s (F.N) China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst-ever first half, as buyers shunned its aging models that are awaiting overhauls and flocked to rivals. The U.S. automaker announced on Friday it sold 62,057 vehicles in China in June, taking…
[ad_1] (Reuters) – Twitter Inc suspended more than one million accounts a day in recent months to reduce the flow of misinformation on the platform, the Washington Post reported. FILE PHOTO — People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27,…
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell spends more time with U.S. lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favor meetings with professors, the Treasury secretary and community advocates. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks at his news conference after…
[ad_1] NEW YORK (Reuters) – U.S. stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute. Nonfarm payrolls increased by 213,000 jobs last month, the U.S. Labor Department said, topping expectations of 195,000,…
[ad_1] (Reuters) – BP Plc (BP.L) is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd (BHP.AX) (BLT.L) after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday. FILE PHOTO: Logos of BP are on display at a…
[ad_1] BEIJING/WASHINGTON (Reuters) – A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions. Friday marked the start of the U.S. duties that were promptly met…
[ad_1] BP PLC is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday. The move represents a big bet by BP on U.S. oil and gas production at…
[ad_1] The United States hiked tariffs on Chinese imports Friday and Beijing announced it was retaliating against American goods in a technology dispute between the world’s two biggest economies that U.S. President Donald Trump says he is prepared to escalate. Washington increased tariffs at 12:01 a.m. ET on $34 billion US worth of Chinese imports, a…
[ad_1] The U.S. government threat to put a tariff on all Canadian-made vehicles would be ‘catastrophic’ to Canada’s economy, costing 100,000 jobs and adding as much as $9,000 to the sticker price of a new car if Canada responds in kind, dealers say. Following recently announced levies on steel and aluminum, U.S. President Donald Trump…
[ad_1] About 256 Canadian jobs will be lost with the collapse of British womenswear maker Calvetron Brands, which is behind labels such as Précis, Eastex and Jacques Vert. The company has been under bankruptcy protection since last May, but failed to find a buyer, according to administrators Duff & Phelps. On Friday, it announced that…
[ad_1] FRANKFURT (Reuters) – The German government dismissed a report that it had privately raised concerns about Deutsche Bank (DBKGn.DE), while JPMorgan (JPM.N) denied it was interested in a stake in Germany’s biggest lender. FILE PHOTO: The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo Shares in Deutsche…
[ad_1] MAIQUETIA, Venezuela (Reuters) – Venezuela’s domestic airline industry is struggling to maintain operations due to hyperinflation and shortages of spare parts, according to an industry association, making it increasingly hard to obtain tickets and causing chronic flight delays. Avior, Estelar, Conviasa and Laser planes are seen at Simon Bolivar airport in Caracas, Venezuela July…
[ad_1] A Canadian WestJet passenger is upset with how the airline handled the cancellation of his flight from London, England, to Toronto late last week. Adam St. John said he believes European Union regulations require the airlines to re-book passengers like him at the earliest opportunity. “When I went through, they couldn’t help me at the front desk,…
[ad_1] Canada’s trade deficit in May grew to a larger than expected $2.77 billion because of a sharp rise in imports of airliners and gasoline while exports edged down, Statistics Canada said on Friday. That compared to a deficit of $1.86 billion in April. Canada has only recorded two monthly trade surpluses since October 2014.…
[ad_1] LONDON (Reuters) – Airbus (AIR.PA) on Friday raised its forecast for aircraft demand over the next 20 years as it begins to recover from two years of late deliveries of its A320neo passenger jet. FILE PHOTO: A branded poster is seen at the entrance to Airbus’ wing assembly plant at Broughton, near Chester, Britain,…
[ad_1] Hudson’s Bay Co. says it is in talks with European retailer Signa Holding GmbH regarding a potential joint venture. The Canadian retailer says it has signed a non-binding letter of intent with respect to the exploration of the idea. The retailer denied reports in the Financial Times and Wall Street Journal that it had…
[ad_1] NEW YORK (Reuters) – The dollar hit three-week lows on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge – wage growth – rose less than forecast and the unemployment rate increased. FILE PHOTO: A U.S. Dollar note is seen in this June 22,…
[ad_1] LONDON (Reuters) – Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo Top exporter…
[ad_1] Canada’s economy added 32,000 jobs last month, but a surge in more people looking for work pushed the unemployment rate up two ticks to six per cent. Statistics Canada reported Friday that three provinces added jobs in June: Ontario: 35,000. Saskatchewan: 8,300. Manitoba: 4,100. Everywhere else, the jobs market either shrank or remained flat. The monthly figure came…
[ad_1] (Reuters) – U.S. stock index futures dipped on Friday after the United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports, triggering what Beijing called the “largest-scale trade war.” FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 28,…
[ad_1] SHANGHAI/SINGAPORE (Reuters) – Six months of wrangling over trade tariffs with the United States has wiped out about a fifth of China’s stock market value and driven its currency down sharply. But those moves may have just been a downpayment on what is yet to come. Shanghai’s benchmark share index .SSEC is down roughly…
[ad_1] LONDON (Reuters) – Airbus (AIR.PA) is over the worst on engine delays that have hampered deliveries of its A320neo passenger jet, with the number of semi-finished and undelivered planes beginning to come down, its planemaking chief said on Friday. FILE PHOTO: The Airbus A320neo (New Engine Option) takes off during its first flight event…
[ad_1] FRANKFURT (Reuters) – Shares in Germany’s troubled Deutsche Bank (DBKGn.DE) jumped by up to 6 percent on Friday following a magazine report that JPMorgan (JPM.N) and Industrial and Commercial Bank of China (ICBC) (601398.SS) may be interested in taking a stake. FILE PHOTO: Christian Sewing, new CEO of Germany’s Deutsche Bank, addresses the audience…
[ad_1] KARLSRUHE, Germany (Reuters) – Volkswagen (VOWG_p.DE) has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm may be reviewed. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany,…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” ever in a sharp escalation of their months-long conflict. Hours before Washington’s deadline for the tariffs to take effect, U.S. President Donald Trump…
[ad_1] LONDON (Reuters) – The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a U.S. jobs report due later in the day. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen,…
[ad_1] LONDON (Reuters) – Airbus raised on Friday its forecast for aircraft demand over the next 20 years and revamped the way it predicts aircraft demand, introducing new categories from ‘Small’ to ‘Extra-Large’ and blurring the traditional boundaries between aircraft types. FILE PHOTO: A branded poster is seen at the entrance to Airbus’ wing assembly…
[ad_1] BEIJING (Reuters) – Ford Motor Co’s (F.N) China vehicle sales slumped 38 percent in June from a year earlier to 62,057 vehicles, the company said on Friday. FILE PHOTO – The new Ford Focus car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018.…
[ad_1] LONDON (Reuters) – AstraZeneca (AZN.L) suffered its biggest daily share price drop a year ago after a key cancer drug trial failed amid feverish speculation the chief executive might quit. FILE PHOTO: A man walks past a sign at an AstraZeneca site in Macclesfield, central England May 19, 2014. REUTERS/Phil Noble/File Photo Yet today…
[ad_1] WASHINGTON (Reuters) – U.S. employers likely maintained a brisk pace of hiring in June while increasing wages for workers, which would reinforce expectations of robust economic growth in the second quarter and allow the Federal Reserve to continue raising interest rates. FILE PHOTO: A steel worker returns to work after a two year idle…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest economies took a high-stakes turn toward all-out trade conflict. U.S. President Donald Trump gestures during a Make America Great Again rally…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the two biggest economies were set on a risky path toward a full-blown trade war. U.S. President Donald Trump gestures during a Make America Great…
[ad_1] SHANGHAI/TOKYO (Reuters) – Faltering Chinese markets dented Asian stocks on Friday morning, as the time neared when Washington would impose tariffs on Chinese imports, a move many investors fear would trigger a full-scale trade war between the world’s two largest economies. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group said on Friday co-founder Chen Feng will become its sole chairman after Co-Chairman Wang Jian died during a business trip in France this week. FILE PHOTO: HNA Group Chairman Chen Feng speaks during an interview at the World Economic Forum (WEF), in Dalian, Liaoning province, China…
[ad_1] BEIJING/WASHINGTON (Reuters) – China’s state media lashed out at U.S. President Donald Trump, accusing the White House of behaving like a “gang of hoodlums” as the world’s two biggest economies headed toward outright trade war on Friday. A waiter delivers a lunch of lobster, that was imported from Boston, U.S., at a sea food…
[ad_1] SHANGHAI/WASHINGTON (Reuters) – China’s state media lashed out at U.S. President Donald Trump on Friday, accusing the White House of behaving like a “gang of hoodlums” as the world’s two biggest economies careened toward the start of an outright trade war. Products of beans made by a U.S. company are displayed for sale at…
[ad_1] SHANGHAI (Reuters) – Asian share markets were set for a bumpy ride on Friday just hours ahead of a U.S. deadline to impose tariffs on Chinese imports, which has rattled financial markets in recent weeks as investors feared it could trigger a full-blown global trade war. FILE PHOTO: People walk past an electronic board…
[ad_1] SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) estimated on Friday earnings would grow at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. FILE PHOTO: The logo of Samsung Electronics is seen at its…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more. “The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving…
[ad_1] WASHINGTON/BEIJING (Reuters) – President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war. Trump confirmed that the United States would begin collecting tariffs on $34 billion in…
[ad_1] (Reuters) – A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc’s factory in Fremont, California, following a complaint. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan…
[ad_1] (Reuters) – Public listing preparations of state-run Saudi Aramco have stalled, the Wall Street Journal reported on Thursday. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed Aramco, the world’s biggest oil producer,…
[ad_1] PARIS (Reuters) – Airbus has failed to break deadlock with AirAsia over the fate of a multi-billion-dollar order seen as key to the future of its A330neo passenger jet, people familiar with the matter said. FILE PHOTO: Tony Fernandes, CEO of AirAsia, holds a media event in Bangkok, Thailand May 15, 2018. REUTERS/Soe Zeya…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes rose on Thursday as reports that the United States and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June…
[ad_1] The planned tie-up between Boeing Co. and Embraer SA will result in stiffer competition for the Airbus-controlled C Series and Bombardier Inc.’s regional aircraft business, industry observers said Thursday. Boeing will own 80 per cent of the joint venture valued at $4.75 billion US and Embraer the remaining 20 per cent. The deal is…
[ad_1] BEIJING/WASHINGTON (Reuters) – China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in. U.S. President Donald Trump has threatened to further escalate the trade conflict between…
[ad_1] SAO PAULO/PARIS (Reuters) – Boeing Co (BA.N) struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen…
[ad_1] WASHINGTON, July 5 (Reuters) – – U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve’s last policy meeting on June 12-13 released on Thursday showed. FILE PHOTO: The Federal Reserve Building stands…
[ad_1] (Reuters) – U.S. stocks rose broadly on Thursday as the United States dialed back its stance on tariffs on European cars while moving to impose duties on Chinese goods worth $34 billion. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 28, 2018. REUTERS/Brendan…
[ad_1] Two of Canada’s biggest internet providers have slashed prices by about 45 per cent in the Toronto area for their most advanced offerings, but industry observers say such skirmishes are usually very local and short-lived. Bell Canada is offering a gigabit-per-second home internet package with unlimited data for $79.95 in parts of Toronto, down…
[ad_1] DETROIT/LONDON/SHANGHAI (Reuters) – Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies. FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port of Long Beach in Long Beach,…
[ad_1] (Reuters) – U.S. stocks inched higher on Thursday with investors mulling Washington’s stance on trade as it looked to dial back tariff threats on European cars while moving to impose duties on Chinese goods worth $34 billion. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] SAO PAULO (Reuters) – Boeing Co (BA.N) will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention &…
[ad_1] (Reuters) – Credit Suisse Group AG (CSGN.S) agreed to pay about $77 million to settle U.S. criminal and civil probes into its Asia-Pacific hiring practices, including efforts to win banking business by awarding jobs to friends and family of Chinese government officials. FILE PHOTO: A Credit Suisse sign is seen on the exterior of…
[ad_1] The Cirque du Soleil Entertainment Group has announced the acquisition of a Minnesota-based company that produces theatrical shows, exhibits, cruise ship activities and outdoor events. The deal announced Thursday is for VStar Entertainment Group and its Florida-based subsidiary, Cirque Dreams. While terms were not disclosed, Cirque du Soleil president Daniel Lamarre told The Canadian…
[ad_1] (Reuters) – Wall Street opened higher on Thursday, as signs that Washington may ease back on plans for tariffs on European cars drove gains for automakers, offsetting further signs of tension with China. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 28, 2018.…
[ad_1] WASHINGTON (Reuters) – U.S. private payrolls rose less than expected in June while the number of Americans filing for unemployment benefits unexpectedly rose last week, but that did little to change perceptions that labor market conditions continued to tighten. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in…
[ad_1] (Reuters) – U.S. stock index futures ticked higher on Thursday, as signs that Washington may ease back on plans for tariffs on European cars pushed automakers higher across the board, offsetting further signs of tension with China. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – Boeing Co (BA.N) will take over the $4.75 billion commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) as part of a new company to be controlled by the U.S. firm, the companies said on Thursday. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE)…
[ad_1] SAN MIGUEL, Argentina (Reuters) – At an abandoned train station in Buenos Aires’ working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade. Women barter goods in San Miguel market, on the outskirts of Buenos Aires, Argentina June 15, 2018. REUTERS/Martin Acosta Most are women,…
[ad_1] (Reuters) – Commodities trader and miner Glencore (GLEN.L) will buy back shares worth $1 billion in a move analysts said looked timed to soothe investor nerves just two days after a subpoena from U.S authorities rattled the stock. FILE PHOTO: An employee of a private security company stands in front of the logo of…
[ad_1] LONDON (Reuters) – European shares headed for a third day of gains on Thursday, as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange…
[ad_1] BEIJING (Reuters) – The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the heated dispute. The Trump administration’s tariffs on $34…
[ad_1] SINGAPORE (Reuters) – Singapore’s anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms’ merger as the deal substantially lessened competition. FILE PHOTO: A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo Uber sold its Southeast Asian…
[ad_1] Despite all the trade war talk, the outlook for tomorrow’s jobless numbers in both the U.S. and Canada remains strong. A poll of top bank economists predicts the U.S. rate will stay at 3.8 per cent, the lowest level since April 2000. In Canada, the numbers for June are expected to show unemployment remained at a…
[ad_1] TOKYO (Reuters) – Japanese industrial gas company Taiyo Nippon Sanso Corp (4091.T) said on Thursday it had agreed to buy part of the European businesses of Praxair Inc (PX.N) for 5 billion euros ($5.9 billion) in a move aimed at boosting its global competitiveness. FILE PHOTO – The Praxair logo is seen during a…
[ad_1] (Reuters) – China’s embattled ZTE Corp (000063.SZ) has named a set of new top executives, including CEO and CFO, to comply with its deal with the United States to get a supplier ban lifted, the Wall Street Journal reported on Thursday. A woman stands outside a building of ZTE Beijing research and development center…
[ad_1] BEIJING (Reuters) – The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying it will respond the instant U.S. measures go into effect as the two countries locked horns in a bitter trade dispute. FILE PHOTO: Imports from the U.S. are seen at a supermarket in…
[ad_1] TOKYO (Reuters) – Asian stocks fell for the fourth day and major currencies traded in tight ranges on Thursday, with financial markets jittery before a U.S. deadline to impose tariffs on Chinese imports just a day away. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in…
[ad_1] SAO PAULO/BRUSSELS (Reuters) – Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil’s most popular beer brands and a mainstay of brewing giant Ambev SA (ABEV3.SA). FILE PHOTO: Packs of Heineken beer are displayed for sale in a Casino supermarket in Nice, France, January 16, 2017.…
[ad_1] BEIJING (Reuters) – The United States is “opening fire” on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant U.S. measures go into effect as the two locked horns in a bitter trade war. FILE PHOTO: Imports from the U.S. are seen at a supermarket…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday the United States is “opening fire on the entire world”, warning that Washington’s proposed tariffs on Chinese goods will hit international supply chains, including foreign companies in the world’s second-largest economy. FILE PHOTO: Imports from the U.S. are seen at a supermarket in Shanghai, China…
[ad_1] TOKYO (Reuters) – Asian stocks were shaky while major currencies barely budged in early trade on Thursday, as financial markets remained in a state of anxious uncertainty on the eve of a U.S. deadline to slap tariffs on Chinese imports. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock…
[ad_1] TOKYO (Reuters) – Asian stocks got off to a cautious start on Thursday as investors remained nervous amid a looming deadline for Washington’s proposed tariffs on Chinese imports, leaving financial markets in a state of anxious uncertainty. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in…
[ad_1] SAO PAULO (Reuters) – Embraer SA (EMBR3.SA) Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co (BA.N), newspaper Valor Economico reported on its website late on Wednesday. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the…
[ad_1] FRANKFURT/LONDON (Reuters) – Several bidders, including Liberty Global, are preparing offers for TV production company Endemol Shine, maker of classic reality show ‘Big Brother’ and the dystopian ‘Black Mirror’ dramas, before an initial deadline next week. FILE PHOTO: A Big Brother eye seen in the Big Brother house in Elstree, Hertfordshire, which the National…
[ad_1] LONDON(Reuters) – Lloyds Banking Group (LLOY.L) has made compensation offers worth 76 million pounds ($100.46 million) to victims of a fraud at its HBOS Reading unit, lawmakers said on Thursday. FILE PHOTO: Customers use ATMs at a branch of Lloyds Bank in London, Britain, February 21, 2017. REUTERS/Toby Melville 170 former directors of companies…
[ad_1] RIO DE JANEIRO (Reuters) – Brazilian police arrested a senior General Electric Co (GE.N) executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said. A cameraman records the Philips headquarters in Barueri, on the…
[ad_1] MONTREAL (Reuters) – Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company’s new majority stake in Bombardier’s CSeries jetliner program within weeks, around the time of the Farnborough Air Show later this month. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference…
[ad_1] EDINBURGH (Reuters) – Britain’s biggest carmaker Jaguar Land Rover [TAMOJL.UL] said on Wednesday a so-called “hard Brexit” would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future operations in the United Kingdom. FILE PHOTO: New Land Rover cars are seen in a parking lot at the Jaguar Land Rover plant at…
[ad_1] Donald Trump’s tariffs on steel are hurting a Canadian company that played an instrumental role in building an iconic symbol of American perseverance in U.S. President Donald Trump’s home city. ADF Group, a Quebec-based steel producer which constructed a significant portion of the new World Trade Centre, has already laid off 50 workers because…
[ad_1] LONDON (Reuters) – Martin Sorrell is at risk of losing his multi-million pound exit package from WPP (WPP.L) after his new advertising venture sought to buy a business that his former employer is also pursuing, a person familiar with the matter told Reuters. FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes…
[ad_1] Search giant Google pushed back at critics of its security policies this week, saying the power to deny third-party applications access to their email has been in the hands of individual users all along. The Wall Street Journal first reported on Monday that Google allows hundreds of outside software developers to read and store…
[ad_1] The CEO of Airbus says it will reveal the first results of its majority stake in Bombardier Inc.’s C Series program at an upcoming international airshow near London. Tom Enders didn’t specifically mention whether new orders will be announced at Farnborough, the premier aerospace show where the world’s largest aircraft manufacturers sign important orders.…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) premiered its first original series in India in a sheen of Bollywood glitter on Wednesday, upping the stakes in its battle with streaming rival Amazon Prime (AMZN.O) for a chunk of the country’s more than 1 billion potential viewers. FILE PHOTO: The Netflix logo is pictured on a television…
[ad_1] Enbridge Inc. has signed a deal to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in B.C. and Alberta to Brookfield Infrastructure and its partners for $4.31 billion. “This investment represents an exciting opportunity to invest in scale in one of North…
[ad_1] The number of cars made in Canada could fall by almost 900,000 units a year if the U.S. hits this country with a 25 per cent auto tariff, according to a recent report by CIBC. Royce Mendes, senior economist at CIBC Capital Markets, is the latest analyst to sound the alarm over the impact that Canada’s economy…
[ad_1] BEIJING (Reuters) – China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo…
[ad_1] The National Energy Board says crude-by-rail exports from Canada grew to a record 193,500 barrels per day in April, up 13 per cent from the previous month, as full pipelines forced more producers to use trains to get their products to market. The oil shipping tally beat the previous record of nearly 179,000 bpd…
[ad_1] TOKYO (Reuters) – Zozotown, which swooped in as a little-known retail website and prodded once-reluctant Japanese consumers to shop online for clothes, is now facing stiff competition in the industry whose image it remade. Yusaku Maezawa, the chief executive of Zozo, which operates Japan’s popular fashion shopping site Zozotown and is officially called Start…
[ad_1] LONDON (Reuters) – World stocks were flat on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange in the…
[ad_1] PARIS (Reuters) – Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said on Wednesday. A man with his mobile phone walking down steps is reflected in a wall of a building at a business…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles. FILE PHOTO: An e-Golf electric car is pictured outside the new production line of the Transparent Factory of…
[ad_1] DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said. FILE PHOTO: A view shows the Dubai Skyline, UAE February 12, 2018. REUTERS/Satish Kumar/File…
[ad_1] LISBON (Reuters) – Britain’s Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal’s Novo Banco over a $835 billion loan to Novo Banco’s bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by the state in 2014. FILE PHOTO: The logo of Portuguese bank Novo Banco is seen…
[ad_1] BEIJING/MARSEILLE, France (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph. The building of HNA Plaza (R) is seen in Beijing, China July 4,…
[ad_1] LONDON (Reuters) – World stocks treaded water on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange in the…
[ad_1] DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said. FILE PHOTO: A view shows the Dubai Skyline, UAE February 12, 2018. REUTERS/Satish Kumar/File…
[ad_1] BEIJING (Reuters) – China’s HNA Group [HNAIRC.UL] said on Wednesday that Wang Jian, a chairman and co-founder, died during a business trip in France on July 3 after a serious injury caused by a fall. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9,…
[ad_1] LONDON (Reuters) – World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan rebounded after China’s central bank moved to calm investors. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange in…
[ad_1] PARIS (Reuters) – Chinese HNA group chairman Wang Jian fell to his death while visiting the southern France village of Bonnieux on Tuesday, a French police source told Reuters. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo Wang died…
[ad_1] BEIJING (Reuters) – U.S. automaker General Motors Co (GM.N) said on Wednesday its second-quarter sales in China increased 0.7 percent to 858,344 vehicles compared with the same period a year ago. FILE PHOTO: A Cadillac Escalade SUV by General Motors Co of the U.S. is displayed during a media preview of the Auto China…
[ad_1] A Toronto-based skin care company expects to make $300 million this year as sales surge on a product line sold at a fraction of the cost of its competitors. But while Deciem has shaken up the industry and attracted a legion of fans, the company CEO’s social media antics have drawn criticism and not a little…
[ad_1] NEW YORK/HONG KONG (Reuters) – China’s embattled ZTE Corp (0763.HK) has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban. FILE PHOTO: The logo of China’s ZTE Corp is seen at the lobby of…
[ad_1] TOKYO (Reuters) – Asian stocks slipped on Wednesday on the specter of a Sino-U.S. trade war ahead of an end-of-week deadline for U.S. tariffs on $34 billion worth of Chinese imports while the yuan stabilized after China’s central bank moved to calm nervous investors. FILE PHOTO: People walk past an electronic board showing Japan’s…
[ad_1] NEW YORK/HONG KONG (Reuters) – China’s embattled ZTE Corp (0763.HK) has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban. FILE PHOTO: The logo of China’s ZTE Corp is seen at the lobby of…
[ad_1] NEW YORK (Reuters) – U.S. retailer Walmart Inc (WMT.N) faced an outcry from supporters of President Donald Trump on Tuesday for listing for sale on its open marketplace clothing with the slogan “Impeach 45,” an apparent reference to Trump, the country’s 45th president. FILE PHOTO: The logo of Walmart is pictured at one of…
[ad_1] TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the specter of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of dollars worth of Chinese imports. FILE PHOTO: People walk past an electronic board showing…
[ad_1] (Reuters) – Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost country’s oil exports. FILE…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) shares closed sharply lower on Tuesday amid analyst skepticism about its Model 3 cars and a news report that said the company had stopped running a brake test on its cars. Tesla started the day in the red following Wall Street analyst reports pointing to lower-than-expected second-quarter deliveries, and…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business. FILE PHOTO: A close-up view of a Samsung washing machine is seen in a store…