[ad_1] HONG KONG (Reuters) – The number of craft beer brewers in Hong Kong has risen to more than 35 from none five years ago and many are betting on China’s expanding market to fuel sales, especially as the mainland develops an economic zone just a few miles away. Gweilo beer founder Joseph Gould poses…
[ad_1] BRUSSELS/BERLIN (Reuters) – China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said. In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese…
[ad_1] (Reuters) – Shares of Facebook Inc fell 2 percent on Tuesday, after a report that a federal probe on the data breach linked to Cambridge Analytica had been broadened and would include more government agencies. Facebook shares were down 2 percent at $193.36 in early trading on the Nasdaq, erasing nearly $12 billion from…
[ad_1] (Reuters) – Barnes & Noble Inc (BKS.N) said on Tuesday it terminated Demos Parneros as chief executive officer, citing violations of the bookseller’s policies. The logo for Barnes and Noble is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – The U.S. Commerce Department has granted ZTE Corp, China’s No. 2 telecommunications equipment maker, the authority to engage in commercial transactions needed to maintain existing networks and equipment in the United States as it works toward the lifting of a U.S. sales ban. FILE PHOTO: The logo of China’s ZTE Corp is…
[ad_1] (Reuters) – Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the U.S. July 4 holiday. Facebook dropped 2.35 percent after the Washington Post reported a federal probe on the data breach linked to Cambridge Analytica was broadened and will include…
[ad_1] The federal government is still expecting NAFTA talks to accelerate this summer even though U.S. President Donald Trump says he’s in no rush to sign a deal until after the U.S. midterm elections this fall. A government official familiar with the plan says now that Mexico’s presidential election is done, Ottawa wants to restart…
[ad_1] NEW YORK (Reuters) – A three-year U.S. Securities and Exchange Commission investigation found that Dow Chemical failed to properly disclose around $3 million in perks for former Chief Executive Andrew Liveris, ranging from personal use of company aircraft to sporting events and dues Dow paid to a charity Liveris chaired. FILE PHOTO: The Dow…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday his administration is working to bring other motorcycle companies to the United States, following Harley-Davidson Inc’s decision to shift some production for European customers overseas. FILE PHOTO: A U.S. flag is pictured in front of Harley-Davidson bikes at the “Hamburg Harley Days” in Hamburg,…
[ad_1] Bell Canada has won a multi-year contract to operate Alberta SuperNet, the government-led broadband initiative. Alberta SuperNet was created by the provincial government to provide broadband connectivity to public institutions such as schools, libraries, hospitals, municipal and indigenous offices, government facilities and more. In operation since 2005, SuperNet is made up of more than…
[ad_1] Housing affordability in Canada’s most expensive market — Vancouver — is at “crisis levels,” according to a new study, which says the re-acceleration of home prices, along with higher interest rates, are “slamming” ownership costs again. The cost of buying a home in Vancouver reached its highest levels on record in the first quarter of this year, according to the…
[ad_1] At the end of last November, Google announced that Diane Bryant, who at the time was on a leave of absence from her position as the head of Intel’s data center group, would become Google Cloud’s new COO. This was a major coup for Google, but it wasn’t meant to last. After only seven…
[ad_1] LONDON (Reuters) – U.S. authorities have demanded Glencore (GLEN.L) hand over documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria in relation to a corruption probe, sending the mining company’s shares down more than 10 percent. Swiss-based Glencore said it received a subpoena from the U.S. Department of Justice dated…
[ad_1] NEW YORK (Reuters) – The world’s top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically-engineered ingredients. FILE PHOTO: Soy bean seeds are seen in a container at a farm in Gideon, Missouri, U.S., May 16, 2018.…
[ad_1] DETROIT (Reuters) – The new chief executive of 3M Co (MMM.N) is looking at both buying companies and selling underperforming units while investing in developing the next blockbuster product in a bid to drive faster growth at the industrials group that makes products ranging from adhesive tape to air filters. Mike Roman, chief executive…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday his administration is working to lure other motorcycle companies to the United States, following Harley-Davidson Inc’s decision to shift some production for European customers overseas. FILE PHOTO: U.S. President Donald Trump delivers remarks at an event at the White House in Washington, U.S. June…
[ad_1] (Reuters) – Top U.S. automakers reported an increase in June sales, as consumers continued to lap up sport utility vehicles in larger numbers amid rising tensions between the United States and its trade partners. FILE PHOTO: The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva,…
[ad_1] PARIS (Reuters) – PSA (PEUP.PA) will launch during the last quarter of 2018 a “free floating” car-sharing scheme in Paris, allowing drivers to pick up an electric vehicle at one location and leave it elsewhere in the city, the carmaker said in a statement. FILE PHOTO: The Peugeot logo on a Peugeot 508 before…
[ad_1] (Reuters) – Shares of Facebook Inc fell more than 1 percent in premarket trade on Tuesday, after a report said that a federal probe on the data breach linked to Cambridge Analytica was broadened and will include more government agencies. Figurines are seen in front of the Facebook logo in this illustration taken March…
[ad_1] (Reuters) – Wall Street was set to open higher on Tuesday on the back of gains in oil prices and shares of big technology companies. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 2, 2018. REUTERS/Brendan McDermid Trading volumes are expected to be…
[ad_1] SINGAPORE (Reuters) – AirAsia X Bhd (AIRA.KL) needs to ensure the price, performance and engines of the Airbus SE (AIR.PA) A330neo are right before it will “finally confirm” its order for 66 of the jets, its co-group chief executive said on Tuesday. The wing of an AirAsia plane travelling from Sri Lanka to Malaysia,…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday, boosted by a jump in oil prices and early gains in big technology stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 2, 2018. REUTERS/Brendan McDermid Oil prices climbed more than 1 percent after…
[ad_1] LONDON (Reuters) – U.S. authorities have demanded the U.S. arm of Glencore Plc (GLEN.L) hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela, sending shares in the parent company down more than 10 percent. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of…
[ad_1] SEOUL (Reuters) – Hyundai Motor’s (005380.KS) unionized workers in South Korea voted on Tuesday to strike over stalled wage talks, adding to the woes of the automaker that is bracing for potential new U.S. tariffs amid falling profits. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle at a plant of Hyundai…
[ad_1] SHANGHAI/HONG KONG (Reuters) – The U.S. government has moved to block China Mobile (0941.HK) from offering services to the U.S. telecommunications market, recommending its application be rejected because the firm posed national security risks. The Federal Communications Commission (FCC) should deny the state-owned China Mobile’s 2011 application to offer telecommunication services between the United…
[ad_1] LONDON (Reuters) – World stocks rose on Tuesday, supported by gains in Europe and three straight days of tech-driven rises in the United States, even though markets across Asia and especially China remained in the grip of trade turbulence. FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange…
[ad_1] TOKYO (Reuters) – Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows amid heightened anxiety a bitter trade dispute between the United States and major economies could derail global growth. Investors look at an electronic board showing stock information at a brokerage…
[ad_1] Following a week filled with threats and counter-threats, there are ominous signs that a long era of free trade may be coming to an abrupt end. In a transition that would have seemed astonishing only a few years ago, national strategies based on the advantages of open borders are being replaced by tactics not seen for…
[ad_1] BEIJING (Reuters) – China on Tuesday urged the United States to provide a fair environment for Chinese companies doing business in the country, after Washington moved to block China Mobile (0941.HK) from offering services to the U.S. telecommunications market. A retailer picks out clams from a pile at the seafood section of a fish…
[ad_1] SEOUL (Reuters) – Hyundai Motor’s (005380.KS) unionized workers in South Korea voted to strike over stalled wage talks, raising the prospect of stoppages in production of in-demand SUVs and adding to the woes of the firm that is facing potential new U.S. tariffs. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle…
[ad_1] SAN FRANCISCO (Reuters) – Google’s delayed entry into a consortium of advertising technology companies has spoiled the members’ push to comply with a new European privacy law, six people involved in the program told Reuters, leaving some firms exposed to fines. Silhouettes of mobile users are seen next to a screen projection of Google…
[ad_1] SAN FRANCISCO (Reuters) – A tense and short-tempered Chief Executive Elon Musk barked at engineers on the Fremont, California assembly line. Tesla Inc (TSLA.O) pulled workers from other departments to keep pumping out the Model 3 electric sedans, disrupting production of the Model S and X lines. And weekend shifts were mandatory. The Tesla…
[ad_1] TOKYO (Reuters) – Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the Sino-U.S. trade row could derail a rare period of synchronized global growth. Investors look at an electronic board showing stock information at a brokerage house in…
[ad_1] (Reuters) – The U.S. government moved on Monday to block China Mobile (0941.HK) from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. FILE PHOTO: A woman uses her mobile phone in front of a China Mobile office in downtown Shanghai October 22,…
[ad_1] TOKYO (Reuters) – Asian shares dropped in tentative morning trade on Tuesday as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets. Investors look at an electronic board showing stock information at a brokerage house…
[ad_1] Dell, which went private in one of the the largest leveraged buyouts in tech circa 2013, announced today that it will once again be going public through a relatively complex mechanism that will once again bring the company back onto the public markets with founder Michael Dell and Silver Lake Partners largely in control.…
[ad_1] (Reuters) – The U.S. government moved on Monday to block China Mobile Ltd from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. FILE PHOTO: A woman uses her mobile phone in front of a China Mobile office in downtown Shanghai October 22,…
[ad_1] (Reuters) – Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners. Microsoft Inc (MSFT.O), Facebook Inc (FB.O) and Apple Inc (AAPL.O) each rose 1 percent or more, pushing the S&P 500 information…
[ad_1] SAO PAULO (Reuters) – Planemakers Boeing Co (BA.N) and Embraer SA (EMBR3.SA) have prepared contracts of their proposed tie-up and are expected to submit them to the Brazilian government within two weeks, Brazilian newspaper Valor Economico reported on its website Monday. FILE PHOTO: The Boeing Company logo is projected on a wall at the…
[ad_1] (Reuters) – A federal investigation into Facebook Inc’s data breach with political consultancy Cambridge Analytica has broadened focus on the actions and statements of the tech giant, the Washington Post reported on Monday, citing people familiar with the inquiries. FILE PHOTO: A woman looks at the Facebook logo on an iPad in this photo…
[ad_1] BOSTON (Reuters) – For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. But his patience has worn thin and he has been telling associates and his own investors that time is now up for the world’s No. 1 food company. FILE…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) burning the midnight oil to hit a long-elusive target of making 5,000 Model 3 vehicles per week failed to convince Wall Street that the electric carmaker could sustain that production pace, sending shares down 2.3 percent on Monday. Tesla met the target by running 24 hours a day for…
[ad_1] WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Monday denounced President Donald Trump’s handling of global trade disputes, issuing a report that argued tariffs imposed by Washington and retaliation by its partners would boomerang badly on the American economy. The Chamber, the nation’s largest business lobbying group and a traditional ally of Trump’s…
[ad_1] WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation. FILE PHOTO: U.S. President Donald Trump meets…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) said on Monday Doug Field, senior vice president of engineering, is stepping down after five years with the electric carmaker. FILE PHOTO: A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016. REUTERS/Joe White/File…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended slightly higher on Monday as gains in Apple (AAPL.O) and other tech shares helped offset a slump in energy as well as concerns about an escalating trade war between Washington and its trading partners. Based on the latest available data, the Dow Jones Industrial Average .DJI rose…
[ad_1] (Reuters) – Wall Street was mixed in choppy trade on Monday as investors fretted about an escalating trade war between Washington and its trading partners, while gains in Apple and other stocks offset a slump in energy shares. Traders were eyeing a July 6 deadline for U.S. tariffs on $34 billion worth of Chinese…
[ad_1] A divided California Supreme Court has ruled that online review site Yelp.com cannot be ordered to remove posts against a San Francisco law firm that a judge determined were defamatory. The 4-3 ruling on Monday came in a closely watched case that internet companies warned could be used to silence online speech. A San…
[ad_1] (Reuters) – U.S. stocks fell on Monday as a drop in Brent crude prices dragged energy stocks lower amid a broader market decline due to an escalating trade war between Washington and its trading partners. The United States’ decision to impose tariffs on $34 billion worth of Chinese goods will come into effect on…
[ad_1] (Reuters) – Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to its interest in software company VMware Inc (VMW.N), paving the computer maker’s way back to the public market without an initial public offering. A logo of Dell Technologies is seen at the Mobile World…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) reversed course to trade down 4 percent on Monday after Wall Street analysts questioned the electric carmaker’s ability to maintain an increase in production that helped it meet a long-elusive target of making 5,000 Model 3 vehicles per week. Tesla’s heavily-shorted shares rose as much as 6.4…
[ad_1] NEW YORK (Reuters) – Worries that a broadening trade war between the United States and China will upend the global supply chain are prompting some U.S. fund managers to buy shares of companies they believe will shield them from such disruptions. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference…
[ad_1] The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies. With some of America’s tightest trading partners imposing retaliatory measures, Trump’s approach to tariffs has unsettled financial markets and strained relations…
[ad_1] Dell is going public again after a five-year sojourn as a privately held company. In the $21.7 billion agreement announced Monday, the PC and data storage company is offering to exchange tracking stock for a new class of common shares, simplifying the complex ownership structure that is still held mostly by founder Michael Dell.…
[ad_1] NEW YORK (Reuters) – New York City’s cash-strapped Uber and Lyft drivers have been campaigning for bigger paychecks, and their effort got a boost on Monday from a study two economists conducted for the city’s Taxi and Limousine Commission. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays, and reaffirmed its positive cash flow and profit forecast for the rest of the year. FILE PHOTO: A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said its components development and manufacturing business would become an independent entity within the group from January 2019, alongside the VW Passenger Cars business and Volkswagen Commercial Vehicles. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo It…
[ad_1] The European Union is slamming the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in U.S. goods. European Commission spokesman Margaritis Schinas said Monday the U.S. investigation into the possibility of auto tariffs “lacks legitimacy, factual basis and violates international trade rules,” just…
[ad_1] BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports. FILE PHOTO – Parked cars are pictures at the car terminal at the…
[ad_1] (Reuters) – Dell Technologies Inc said on Monday it would buy the tracking stock of VMware Inc (VMW.N) in a cash and stock deal, taking a step closer to a return to the public market and ending a months-long review of its business. A logo of Dell Technologies is seen at the Mobile World…
[ad_1] LONDON (Reuters) – Nestle (NESN.S) faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world’s largest food company. FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse/File Photo The New York-based hedge fund sent a…
[ad_1] GENEVA (Reuters) – U.S. President Donald Trump has ordered the drafting of legislation that would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a skeptical response from trade experts. U.S. President Donald Trump speaks to the press aboard Air Force One en route to…
[ad_1] LONDON (Reuters) – A renewed slide in Chinese shares and a sobering set of factory surveys sucked world shares lower on Monday, while European markets and the Mexican peso were both jolted by political developments at home. Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski It was the…
[ad_1] As Canada’s retaliatory tariffs on billions of dollars worth of American goods come into play, the immediate effect of the escalating trade dispute on the Canadian economy is expected to be small, economists say. “About 0.8 per cent of annual Canadian output is affected by these [U.S.] tariffs,” Brian DePratto, senior economist at TD Economics,…
[ad_1] WASHINGTON (Reuters) – The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies. U.S. President Donald Trump boards Air Force One as he departs for Joint Base Andrews, Maryland, from Morristown,…
[ad_1] BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports. FILE PHOTO – Parked cars are pictures at the car terminal at the…
[ad_1] Some of Canada’s biggest insurance companies have updated their policies on marijuana use, and the changes are having a major impact on regular users’ premiums. With recreational use of the drug set to become legal on Oct. 17, marijuana is moving toward mainstream acceptance, and the slow-moving and stodgy world of life insurance is no exception. One by one,…
[ad_1] LONDON (Reuters) – Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States. FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21,…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) shares fell on Monday after Bloomberg News reported that the European planemaker would miss its delivery target for Pratt & Whitney-powered (UTX.N) A320neo narrow-body jets this year. A branded sign is seen at the entrance to Airbus’ wing assembly plant at Broughton, near Chester, Britain, June 22, 2018. REUTERS/Phil…
[ad_1] SYDNEY (Reuters) – A renewed slide in Chinese shares and a sobering set of factory surveys sucked Asian markets lower on Monday, while the euro and the Mexican peso were both jolted by political developments at home. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the…
[ad_1] LONDON (Reuters) – Investors have sharply increased their use of hedging strategies, signaling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South Korea. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid…
[ad_1] OSAKA (Reuters) – Panasonic Corp would consider further investment in Tesla Inc’s so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City,…
[ad_1] TOKYO (Reuters) – Business confidence among Japan’s big manufacturers worsened for a second straight quarter in the three months to June, a Bank of Japan survey showed, with the outlook clouded by U.S. trade protectionism and rising input costs. FILE PHOTO: A humanoid robot works side by side with employees in the assembly line…
[ad_1] OSAKA (Reuters) – Japan’s Panasonic Corp would consider additional investment in Tesla Inc’s automotive battery plant in the U.S. state of Nevada if requested by the U.S. electric car manufacturer, an executive said on Monday. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District…
[ad_1] SINGAPORE (Reuters) – Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand. FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in…
[ad_1] NEW YORK (Reuters) – KKR & Co (KKR.N) transforms into a corporation on Sunday, a change that should help the U.S. private equity firm tap a new pool of investors for its stock. FILE PHOTO: CEO of Kohlberg Kravis Roberts & Co (KKR) Henry Kravis (C) departs after meeting India’s Prime Minister Narendra Modi…
[ad_1] BEIJING (Reuters) – China will significantly widen market access and oppose any kind of protectionism, Chinese Commerce Minister Zhong Shan said in an article published in the state-run People’s Daily on Monday. Chinese Commerce Minister Zhong Shan attends a news conference on the sidelines of the National People’s Congress (NPC) in Beijing, China March…
[ad_1] SYDNEY (Reuters) – Asian shares were subdued Monday ahead of a week packed with major economic events, while Mexico’s peso MXN= firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador’s party. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) has canceled a potential $1 billion sale of its electric battery business to GSR Capital, citing a lack of funds with the Chinese investment firm to make the purchase. FILE PHOTO: The logo of Nissan Motor Co is seen at its showroom in Tokyo, Japan February 9,…
[ad_1] BOSTON (Reuters) – Billionaire investor Daniel Loeb on Sunday stepped up pressure on food group Nestle SA (NESN.S), in a letter that urged its board to be “sharper,” “bolder” and “faster” in spinning off businesses and untangling its complex management structure. FILE PHOTO: Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event…
[ad_1] LONDON (Reuters) – A record 75 percent of major British companies are now pessimistic about Brexit, a survey showed on Monday, adding to signs of anxiety around the economy as Britain’s divorce with the European Union draws near. Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London, Britain, June…
[ad_1] TOKYO (Reuters) – Oil prices fell early on Monday, following comments from the White House that the leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed. FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia…
[ad_1] BOSTON (Reuters) – Billionaire investor Daniel Loeb on Sunday urged Nestle (NESN.S) to split itself into three divisions, telling the Swiss group’s board that it needs to be “sharper,” “bolder,” and “faster” in overhauling the company. FILE PHOTO: Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S.,…
[ad_1] (Reuters) – Dell Inc. is nearing a deal to buy out the holders of shares that track the performance of VMWare Inc (VMW.N) using a mix of cash and equity in Dell, people familiar with the matter said on Sunday. Dell logos are seen at its headquarters in Cyberjaya, outside Kuala Lumpur in this…
[ad_1] (Reuters) – Dell Inc is close to a deal to combine shares that track its VMware Inc virtualization-software unit in an effort that would result in a public listing for the personal computer and data storage company, the Wall Street Journal said on Sunday. FILE PHOTO: A Dell gaming computer is shown at the…
[ad_1] Apparently there’s no such thing as a ceasefire in a trade war, even on Canada Day. Prime Minister Justin Trudeau made sure to weave in a mention of Canada’s steel and aluminum industries along with the usual Canada Day pleasantries during his annual statement to Canadians. Beyond marking our country’s 151st birthday, Sunday is the day that Canada’s $16.6 billion worth of…
[ad_1] Alvaro Pinto wants Alberta’s energy regulator to follow its own oilsands rules. The director of sustainability for the Fort McKay First Nation — a community surrounded by oilsands developments — said he doesn’t understand how the agency can say it’s going to enforce one thing, then allow industry to do something else. “We are…
[ad_1] BERKELEY HEIGHTS, N.J. (Reuters) – President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close U.S. allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran. FILE PHOTO: U.S. President Donald Trump delivers remarks…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. FILE PHOTO:…
[ad_1] WASHINGTON (Reuters) – President Donald Trump accused OPEC of manipulating world oil markets and warned it to stop, while also saying the United States will sanction European companies that do business with Iran. FILE PHOTO: U.S. President Donald Trump delivers remarks at an event marking the 6-month anniversary of the package of changes to…
[ad_1] DUBAI (Reuters) – Iran will allow private companies to export crude oil, part of a strategy to counter U.S. sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday. Iranian Vice President Eshaq Jahangiri speaks during a news conference after…
[ad_1] SAN FRANCISCO (Reuters) – Halfway through 2018, investing in Wall Street’s leading S&P 500 stock index has been nothing to shout about. FILE PHOTO: People walk by a Wall Street sign close to the New York Stock Exchange (NYSE) in New York, U.S., April 2, 2018. REUTERS/Shannon Stapleton/File Photo – RC1F11C013D0 The index of…
[ad_1] WASHINGTON (Reuters) – The White House is sending a high-level delegation to this month’s Farnborough Airshow to push the Trump administration’s “Buy American” drive aimed at boosting exports of weapons and aircraft, industry sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump speaks to the press aboard Air Force One en…
[ad_1] BERLIN (Reuters) – Germany is not ruling out further recalls of cars as it continues to check the car industry for illegal software, transport minister Andreas Scheuer told a German daily. FILE PHOTO: Andreas Scheuer of the Christian Social Union (CSU) arrives for coalition talks about forming a new coalition government at the CDU…
[ad_1] Faced with a 10 per cent tariff on its ketchup and other goods, American food company, Kraft Heinz is opening a new front in Canada’s ketchup wars. Heinz took a public relations beating after moving its ketchup production to the U.S. in 2014, enabling Canadian-made French’s ketchup to steal the spotlight. Now the company, which merged with Kraft…
[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 for U.S. products Planning to buy a washing machine or a lawn mower? Prepare to pay more than you’re used to at checkout. Canada’s retaliatory tariffs on goods imported from…
[ad_1] WASHINGTON/RIYADH (Reuters) – The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available, the White House said on Saturday. FILE PHOTO: Saudi Arabia’s King Salman bin Abdulaziz Al Saud talks during the opening of…
[ad_1] BERLIN (Reuters) – The CEO of Volkswagen (VOWG_p.DE), Herbert Diess, told a German newspaper the arrest of Audi head Rupert Stadler was a shock and hard to comprehend. FILE PHOTO: Audi head of the board Herbert Diess (L) and CEO Rupert Stadler attend company’s annual shareholders meeting in Ingolstadt, Germany May 9, 2018. REUTERS/Michael…
[ad_1] U.S. President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets. Trump wrote on Twitter that…
[ad_1] A manufacturing company says it’s laying off workers in Ontario in response to U.S. tariffs on Canadian steel and aluminum. A spokesman for Tenaris, which manufactures seamless steel pipes, says 40 workers at the company’s mill in Sault Ste. Marie, Ont., will be laid off on Sunday due to changes in the export market.…
[ad_1] WASHINGTON/RIYADH (Reuters) – U.S. President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels,” an extraordinary amount not confirmed by the kingdom and which would push the OPEC leader to a level of production never tested before. FILE PHOTO:…
[ad_1] BEDMINSTER, N.J./OTTAWA (Reuters) – U.S. President Donald Trump spoke with Canadian Prime Minister Justin Trudeau late on Friday to discuss trade and other economic issues, White House Press Secretary Sarah Sanders said on Saturday. FILE PHOTO: U.S. President Donald Trump shakes hands with Canada’s Prime Minister Justin Trudeau (R) in a bilateral meeting during…
[ad_1] BEIJING (Reuters) – Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report. FILE PHOTO: The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, China…
[ad_1] WASHINGTON/RIYADH (Reuters) – U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels” to offset a decline in supplies from Iran and Venezuela. FILE PHOTO: U.S. President Donald Trump speaks to the press aboard Air…
[ad_1] BERLIN (Reuters) – U.S. tariffs on imported cars could lead BMW (BMWG.DE) to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Caroline plant, the German carmaker has warned. FILE PHOTO: An overall view of the assembly line where the BMW X4…
[ad_1] RIYADH (Reuters) – U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels” to offset production from Iran and Venezuela. FILE PHOTO: U.S. President Donald Trump speaks to the press aboard Air Force One en…
[ad_1] ZURICH (Reuters) – The chairman of Swiss drugmaker Novartis (NOVN.S) expects Alcon to be valued at between $20 billion and $30 billion when the opthalmic devices unit is spun off to shareholders next year, he said in an interview with Finanz und Wirtschaft. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s…
[ad_1] SHENZHEN, China/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp announced a new board on Friday in a radical management shakeup as part of a $1.4 billion deal with the United States, moving it closer towards getting a devastating American supplier ban lifted. FILE PHOTO: The logo of China’s ZTE Corp is seen at…
[ad_1] NEW YORK (Reuters) – After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack. FILE PHOTO: Traders work on the floor of…
[ad_1] (Reuters) – A Missouri appeals court on Friday threw out a $55 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using talc-based products, including J&J’s baby powder, citing a U.S. Supreme court ruling on where such cases can be brought. FILE PHOTO: A…
[ad_1] OTTAWA/WASHINGTON (Reuters) – Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents. FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gestures during a joint news conference on the closing of the seventh…
[ad_1] BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy. FILE PHOTO: A labourer works inside an electronics factory in Qingdao, Shandong province, China January 29,…
[ad_1] (Reuters) – Apple Inc is rebuilding the widely used mapping application on its iPhones from the ground up with its own dataset, but Amsterdam-based TomTom NV will continue to be a data provider for Apple’s maps app, Cupertino, California-based Apple told Reuters on Friday. FILE PHOTO: The Apple Inc. logo is shown outside the…
[ad_1] WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said. FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File Photo Banks…
[ad_1] SAN FRANCISCO (Reuters) – As Toys “R” Us Inc stores across the United States marked their final day in business on Friday, the bankrupt toy retailer posted a farewell message to customers on its website next to an image of its iconic Geoffrey the Giraffe mascot thanking them and urging them to “Play on!”…
[ad_1] (Reuters) – General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating U.S. businesses from the global market. FILE PHOTO: A logo of General Motors is pictured at its plant in Silao, in Guanajuato…
[ad_1] ABOARD AIR FORCE ONE (Reuters) – President Donald Trump said on Friday his administration’s investigation into whether to increase tariffs on cars from the European Union and other trading partners would be completed in three to four weeks. U.S. President Donald Trump delivers remarks at an event marking the 6-month anniversary of the package…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) said on Friday services interrupted by two separate incidents of fiber cuts at its network providers were being restored. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake “Our engineers worked to address the issue immediately and…
[ad_1] A Minnesota-based company said on Friday that it is considering moving production of some motorcycles out of the country because of European tariffs, just days after Harley-Davidson announced a similar move A spokeswoman for Polaris Industries acknowledged that the company could move some production of its Indian Motorcycles from northwest Iowa to Poland. “Nothing…
[ad_1] NEW YORK (Reuters) – Wall Street’s major stock indexes edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over U.S. international trade relations ebbed. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] NEW YORK (Reuters) – A surge in Nike Inc shares and a rally in bank stocks lifted Wall Street’s major stock indexes on Friday, though all three still posted weekly declines.Based on the latest available data, the Dow Jones Industrial Average rose 59.29 points, or 0.24 percent, to 24,275.34, the S&P 500 gained 2.32…
[ad_1] OTTAWA (Reuters) – Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents. The announcement by Foreign Minister Chrystia Freeland marks a new low in ties between the neighbors and trading partners…
[ad_1] Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals. As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: putting malicious software on peoples’ handsets, TVs and smart fridges that makes them mine for digital money. So-called “cryptojacking” attacks…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) is experiencing service interruption across its business, residential internet, video and voice customers due to a fiber cut at one of its large backbone network partners, the company said in a tweet on Friday. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California,…
[ad_1] WASHINGTON (Reuters) – Morgan Stanley (MS.N) agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday. FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego,…
[ad_1] Newly released court documents shed light on how Canada’s Competition Bureau says major Canadian grocery chains and bakeries plotted to fix the price of bread for more than a decade. On Thursday, Justice Lynn Ratushny of Ontario Superior Court allowed the release of a new section of previously released documents that lay out the…
[ad_1] Slowing growth in the Canadian economy in April after a series of disappointing economic indicators this month “is not going to send many hearts racing,” but economists say the better-than-expected reading is decent enough to lead the Bank of Canada to raise interest rates again next month. Statistics Canada data released Friday showed that gross domestic product (GDP) in April grew 0.1…
[ad_1] Say you have a job with a large company and you want to know how much vacation time you have left, or how to add your new baby to your healthcare. This usually involves emailing or calling HR and waiting for an answer, or it could even involve crossing multiple systems to get what…
[ad_1] (Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks. FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 28, 2015. REUTERS/Kai Pfaffenbach/File Photo The…
[ad_1] DUBLIN (Reuters) – While German politics may dominate the headlines again in the coming week, the less attention grabbing release of industrial data could offer a better indication of the headwinds facing the European Union and its largest economy. FILE PHOTO: Containers are pictured at a loading terminal in the port of Kiel, Germany,…
[ad_1] (Reuters) – Nike Inc’s (NKE.N) shares jumped 12 percent to their all-time high on Friday after the world’s largest shoe maker saw a major sales rebound in its North America business and forecast strong growth for 2019. FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12,…
[ad_1] Foreign Affairs Minister Chrystia Freeland will reveal the final list of U.S. products that will be slapped with retaliatory tariffs starting Canada Day in an announcement later today. The government is also expected to announce a compensation package for Canada’s steel and aluminum industries this morning. An announcement is scheduled for 11 a.m. ET in Hamilton, home…
[ad_1] (Reuters) – The U.S. Department of Commerce still has not worked out the details necessary for lifting the ban on China’s ZTE Corp (000063.SZ), a spokesman said on Thursday, even though an official last week said the final steps would be taken in a “couple of days.” FILE PHOTO: The logo of China’s ZTE…
[ad_1] (Reuters) – The Dow Jones Industrial Average got a boost from Nike’s near 10 percent jump on Friday after the company reported strong quarterly results and gains for banking stocks, after clearing the Federal Reserve’s stress test, drove broader markets higher. FILE PHOTO: Traders work on the floor of the New York Stock Exchange…
[ad_1] Canada’s economy expanded by 0.1 per cent in April, beating expectations of a flat showing, as manufacturing, utilities and other sectors grew. Statistics Canada reported Friday that goods-producing industries grew by 0.2 per cent, while the service sector was flat, for the month. Together, that added up to a 0.1 per cent increase overall,…
[ad_1] (Reuters) – Nike Inc (NKE.N) shares on Friday rose 10 percent premarket and were set to open at a record high, after the world’s largest shoe maker saw a major sales rebound at its North America business and forecast strong growth for 2019. FILE PHOTO: The logo of Nike (NKE) is seen in Los…
[ad_1] (Reuters) – U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 28, 2018. REUTERS/Brendan McDermid The futures, though, fell…
[ad_1] MT. PLEASANT, Wis. (Reuters) – U.S. President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened U.S. motorcycle maker Harley-Davidson on a campaign-style trip on Thursday to Wisconsin, a state that supported him in the 2016 election. Against a backdrop of a growing trade conflict between the United States and China, Trump helped…
[ad_1] HONG KONG (Reuters/IFR) – China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. FILE PHOTO: Xiaomi logos are seen during a news conference in…
[ad_1] LONDON (Reuters) – Bitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals. FILE PHOTO: A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela…
[ad_1] LONDON (Reuters) – World stocks enjoyed a strong bounce on Friday as a recovery in Asian markets spread to European shares after a turbulent week of selling as investors’ fears of higher barriers to trade came closer to becoming reality. Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank shares rose more than 3 percent on Friday, a day after its U.S. subsidiary failed a second part of the U.S. Federal Reserve’s annual stress tests. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo The Fed, which regularly…
[ad_1] In response to U.S. tariffs on steel and aluminum, Canada is poised to fight back with its own dollar-for-dollar tariffs set to come into effect on July 1. Steel and aluminum are on the list of products targeted for Canadian counter-tariffs totalling $16.6 billion. So are things like pickles, beer kegs and chocolate. On top…
[ad_1] FRANKFURT (Reuters) – Shares of Deutsche Bank (DBKGn.DE) rose 1 percent in early trade on Friday after the German lender’s U.S. subsidiary failed the second part of the U.S. Federal Reserve’s annual stress tests. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo The…
[ad_1] SHANGHAI (Reuters) – BMW (BMWG.DE) has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd (CATL) (300750.SZ), the German carmaker said on Thursday. FILE PHOTO: The logo of BMW is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) unveiled its long-expected plan to spin off all of its Alcon eye care devices business and launch a share buyback of up to $5 billion as the company sharpens its focus on prescription drugs, it said on Friday. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s…
[ad_1] HONG KONG (Reuters/IFR) – China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. FILE PHOTO: Xiaomi logos are seen during a news conference in…
[ad_1] HONG KONG (Reuters/IFR) – China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation. FILE PHOTO – A sign of China Tower Corp is seen at the PT Expo China in Beijing, China…
[ad_1] HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction. FILE PHOTO: Xiaomi logos are seen during a news conference in Hong Kong, China June 23, 2018. REUTERS/Bobby Yip/File Photo Xiaomi priced its…
[ad_1] MUMBAI (Reuters) – Multinational companies like Amazon Inc (AMZN.O) and H&M (HMb.ST) are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter. A notice is pasted outside a shop stating the unavailability of plastic bags at a market in Mumbai,…
[ad_1] SHANGHAI (Reuters) – Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect. FILE PHOTO: A man looks at a mobile phone in front of an…
[ad_1] MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged. U.S. President Donald Trump waves during a visit to Foxconn with Foxconn Chairman Terry…
[ad_1] SAN FRANCISCO (Reuters) – Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The venture capital firm is based just outside Stanford University, the epicenter of U.S. technology entrepreneurship. FILE PHOTO: Stanford University’s campus is seen in an aerial photo in Stanford,…
[ad_1] MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged. U.S. President Donald Trump waves during a visit to Foxconn with Foxconn Chairman Terry…
[ad_1] SHANGHAI (Reuters) – Asian shares remained near nine-month lows on Friday despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened sentiment, though a move to ease foreign investment curbs in China could boost markets there. FILE PHOTO: A man looks at a mobile phone in front of an…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company’s Fremont, California, assembly plant told Reuters this week. The company was able to assemble and…
[ad_1] SEOUL (Reuters) – When Jo Jang-hee, a restaurant manager at a Samsung amusement park, tried to set up a labor union in 2011, human resources managers gathered him and some 60 colleagues into a basement seminar room. FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in…
[ad_1] (Reuters) – Global miner BHP said on Friday it had agreed to fund a total of $211 million in financial support for the Renova Foundation, created to help victims of the Samarco dam disaster in Brazil. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s logo at…
[ad_1] (Reuters) – Global miner BHP said on Friday it agreed to fund a total of $211 million in financial support for the Renova Foundation, created to help victims of the Samarco dam disaster in Brazil. FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company’s logo at a…
[ad_1] News organization Politico is launching a new service focusing on news and events related to Canada. The Washington-based group said in a blog post Thursday that it would soon launch Politico Pro Canada, which it describes as a “cross-border intelligence service for professionals with a stake in the Canada-U.S. relationship and the integrated border economy.”…
[ad_1] Health Canada has not identified any serious concerns with the quality of sunscreens, which were tested after a higher than expected number of reports last summer about skin reactions linked to the use of Banana Boat products. The issue received public attention when several mothers complained that their babies suffered burn injuries after using…
[ad_1] The federal government will announce a compensation package for Canada’s steel and aluminum industries on Friday when Foreign Affairs Minister Chrystia Freeland releases the final list of U.S. products to be slapped with retaliatory tariffs starting Sunday. Freeland, accompanied by Innovation Minister Navdeep Bains and Employment Minister Patty Hajdu, will make the announcement in Hamilton —…
[ad_1] Well-heeled Canadians have hidden up to $240.5 billion in foreign accounts and are dodging up to $3 billion a year in federal tax on those funds, according to the CRA’s first ever attempt to estimate how much government revenue is lost from individuals stashing money abroad. The Canada Revenue Agency arrived at the figure…
[ad_1] The owners of a new craft brewery set to open in the Trinity Bay community of Dildo have a conundrum: what do you call a beer brewed in Dildo? Dildo Brewing Company and Museum co-owner Angela Reid says there’s no shortage of people suggesting names for their new beers, but finding the right ones has…
[ad_1] Minnesota regulators appeared ready Thursday to approve Enbridge Energy’s proposal to replace its aging Line 3 oil pipeline across the northern part of the state, even though a major, controversial question remains unresolved: the line’s route. As the Public Utilities Commission began open deliberations, all five members spoke in support of the project, but…
[ad_1] Regardless of what you may think of Facebook as a platform, they run a massive operation and when you reach their level of scale you have to get more creative in how you handle every aspect of your computing environment. Engineers quickly reach the limits of human ability to track information to the point…
[ad_1] (Reuters) – TCI Fund Management Ltd, a large Twenty-First Century Fox Inc (FOXA.O) shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp (CMCSA.O) a chance to top Walt Disney Co’s (DIS.N) $71 billion offer to buy most of Fox’s assets, according to a letter reviewed by Reuters. FILE PHOTO: Tennis –…
[ad_1] (Reuters) – Twitter Inc (TWTR.N) said on Thursday its product head Ed Ho will be stepping down and named former live-streaming service Periscope’s Chief Executive Officer Kayvon Beykpour as his replacement. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27,…
[ad_1] Depositing the paycheque from your first real job in your bank account can be a bit of a rush, leaving you feeling flush with cash and ready to put the frugalities of the student lifestyle behind. But experts say new graduates starting their first jobs need to establish good financial habits early to set…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) said on Thursday that Chief Financial Officer Scott Maw will retire at the end of November, stunning investors and sending shares of the world’s largest coffee shop chain down more than 4 percent. FILE PHOTO: Starbucks CFO Scott Maw speaks during the company’s annual shareholder’s meeting in Seattle, Washington…
[ad_1] (Reuters) – Walgreens Boots Alliance Inc’s (WBA.O) chief executive officer said on Thursday he was not worried about Amazon.Com Inc’s (AMZN.O) push into the U.S. healthcare sector, but investors were rattled by the threat the online giant could pose to the sector. Walgreens’ shares fell as much as 11 percent, overshadowing the company’s better-than-expected…
[ad_1] Shaw Communications Inc. says it lost $91 million in its third quarter, primarily related to a $284-million impairment charge related to its stake in Corus Entertainment Inc. The Calgary-based cable, internet and wireless company said the loss amounted to 18 cents per share, which contrasted with a year-earlier profit of $133 million, or 27…
[ad_1] DUBAI/LONDON (Reuters) – Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is anything to go by. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s…
[ad_1] Some Canadians with a hankering for movie theatre popcorn without the trek to a cinema are in luck. Cineplex Inc. has started to offer delivery of concession stand snacks — popcorn, hot dogs, candy, nachos and soft drinks — to customers in 60 communities throughout Ontario, Alberta, B.C. and Quebec this week. The offering,…
[ad_1] (Reuters) – Amazon’s move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks, helped Wall Street keep its footing. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid The…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Drug retailers…
[ad_1] WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits increased more than expected last week, but the trend in claims remained consistent with a tightening labor market. FILE PHOTO: Leaflets lie on a table at a booth at a military veterans’ job fair in Carson, California October 3, 2014. REUTERS/Lucy Nicholson/File Photo…
[ad_1] (Reuters) – U.S. stock index futures rose slightly on Thursday, after China approved a U.S. chipmaker deal and Accenture posted strong results, but uncertainty about Washington’s trade stance with China weighed on the mood. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27,…
[ad_1] FRANKFURT/MUNICH (Reuters) – Italy’s Generali (GASI.MI) is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. FILE PHOTO: An Assicurazioni Generali SpA’s logo is seen on a building of their offices…
[ad_1] WASHINGTON (Reuters) – Mick Mulvaney, head of the U.S. Consumer Financial Protection Bureau, cut in half a fine that his Obama-era predecessor sought against a payday lender and dropped some of the agency’s earlier claims in the case, three people familiar the matter told Reuters. FILE PHOTO: Office of Management and Budget Director Mick…
[ad_1] BEIJING/WASHINGTON (Reuters) – China has rejected U.S. requests for talks over how American airlines and their websites refer to Chinese-claimed Taiwan, according to sources, including a U.S. official, adding to tensions in a bilateral relationship already frayed by a major trade dispute. FILE PHOTO: Delta planes line up at their gates while on the…
[ad_1] It may not have escalated to the level of water cooler talk, but an obscure and obtuse-sounding economic indicator is a hot topic of conversation among the investment community of late. The yield curve on government debt — the gap between how much long-term bonds pay out versus short-term ones — is at its lowest…
[ad_1] Having run her home decor and art business for 45 years, Pamela Haight has experienced countless ups and downs. The recent recession in Alberta counts as one of the more trying times for her store, Rubaiyat, on the southern edge of Calgary’s downtown. The recession is over, but Haight – like many retailers – is…
[ad_1] Stephen Poloz may have set himself an impossible task. In a speech yesterday to the Chamber of Commerce in Victoria, the Bank of Canada governor promised transparency, but minutes after he had finished speaking analysts were still scratching their heads. The speech was headlined Let Me Be Clear, and in it the governor promised the bank…
[ad_1] HANOI (Reuters) – General Motors Co GM.HN has agreed to transfer its Vietnamese operation to domestic car manufacturer VinFast Trading and Production LLC, in a move the pair said will marry GM’s automotive expertise with VinFast’s local market insight. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao…
[ad_1] TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday as investors worried that the Trump administration’s approach to trade is harming global economic growth – even as the White House approach to Chinese investment in U.S. technology companies appeared to be softening. FILE PHOTO: People walk past an electronic board showing Japan’s…
[ad_1] (Reuters) – Walmart Inc said late Wednesday it is introducing a 3D virtual shopping tour on its website that would help customers browse and choose items for their homes. FILE PHOTO: The main entrance to a Walmart store is pictured in Sao Paulo, Brazil February 14, 2018. REUTERS/Paulo Whitaker/File Photo The new feature would…
[ad_1] TOKYO (Reuters) – A senior Panasonic Corp official on Thursday said a pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery shortages. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File Photo “There has been…
[ad_1] TOKYO (Reuters) – A group of Takeda Pharmaceutical Co Ltd (4502.T) shareholders trying to build support to block the $62 billion acquisition of London-listed Shire Plc (SHP.L) failed to get a proposal passed at the drugmaker’s annual general meeting (AGM) on Thursday. FILE PHOTO: The logo of Takeda Pharmaceutical Co. is displayed at the…
[ad_1] SEATTLE (Reuters) – Amazon.com Inc on Wednesday said it would offer incentives to entice entrepreneurs to set up their own small package-delivery businesses as part of Amazon’s latest effort to solve the challenge of getting goods the last mile to customer doorsteps. An Amazon box is seen on a cart before being delivered by…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday it would carefully monitor U.S. policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo U.S. President…
[ad_1] WASHINGTON (Reuters) – T-Mobile’s planned $26 billion acquisition of rival mobile phone carrier Sprint Corp would add jobs and would not hike prices, top executives of the two companies testified before a U.S. Senate panel on Wednesday. FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile…
[ad_1] TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration’s approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. technology firms. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average…
[ad_1] WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp’s competing bid. The Fox movie franchises and TV shows have been the…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session. At the market open, stocks rose as President Donald Trump said he will use a strengthened national security review panel — the Committee on Foreign…
[ad_1] (Reuters) – Chipotle Mexican Grill Inc (CMG.N) said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at a…
[ad_1] (Reuters) – Chipotle Mexican Grill Inc (CMG.N) will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, executives said in the chain’s Wednesday investor call on Wednesday, but few other details were given on what shareholders should expect under the new leadership. FILE PHOTO: The logo of…
[ad_1] (Reuters) – As Gibson Brands Inc targets an exit from Chapter 11 bankruptcy later this year, the iconic guitar maker plans a return to traditional guitars after an ill-fated attempt at computerizing them and possibly a foray into ukuleles, CEO Henry Juszkiewicz told Reuters on Wednesday. FILE PHOTO: The Gibson logo is seen on…
[ad_1] WASHINGTON/NEW YORK (Reuters) – Equifax Inc (EFX.N) on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security. FILE PHOTO: The logo and trading information for Credit reporting company…
[ad_1] NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) U.S. securities division agreed to pay a $1.4 million fine to the Financial Industry Regulatory Authority on Wednesday to settle charges that it violated reporting and supervisory rules related to equity and municipal bond trades. FILE PHOTO: A Deutsche Bank sign is seen on the floor…
[ad_1] RIO DE JANEIRO/DUBAI (Reuters) – Anglo American (AAL.L) has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries the commodity to port. FILE PHOTO: The Anglo American logo is seen in Rusternburg…
[ad_1] When you ask Aphria CEO Vic Neufeld if he would hire people who have illegally worked with cannabis in the past, he’ll give you a blunt answer. “So, it helps.” Earlier this month, Neufeld announced the cannabis producer was raising $225 million for expansions, with $55 million set aside for “cannabis extraction.” And with legalization of recreational marijuana consumption fast approaching,…
[ad_1] The impacts of the escalating U.S.-Canada trade dispute will “figure prominently” in the Bank of Canada’s decision-making process for its upcoming interest-rate decision, governor Stephen Poloz said in a speech Wednesday. In prepared remarks of his address, Poloz said the bank has been incorporating into its projections the fallout of U.S. steel and aluminum…
[ad_1] (Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over Apple’s allegations that Samsung violated its patents by “slavishly” copying the design of the iPhone. FILE PHOTO: The Apple Inc. logo is shown outside the company’s Worldwide Developers Conference in San Francisco, California, U.S., June 13, 2016.…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions. The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose…
[ad_1] Walt Disney Co. has won U.S. antitrust approval to buy Twenty-First Century Fox Inc.’s entertainment assets for $71.3 billion US on the condition that it sell all 22 regional sports networks owned by Fox, the Justice Department said on Wednesday. The Fox assets have been the subject of a bidding war between Disney and Comcast…
[ad_1] WASHINGTON (Reuters) – Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. FILE PHOTO: A logo of Toyota Motor Corp is seen…
[ad_1] Microsoft today launched two new Azure regions in China. These new regions, China North 2 in Beijing and China East 2 in Shanghai, are now generally available and will complement the existing two regions Microsoft operates in the country (with the help of its local partner, 21Vianet). As the first international cloud provider in China…
[ad_1] President Donald Trump is shifting away from a proposal to impose limits on Chinese investment in American technology companies and high-tech exports to China. Instead, the president is calling on Congress to enhance an existing review process. The announcement Wednesday followed intense internal battles over the issue and published reports of impending bans on…
[ad_1] When Sheila Molloy shops for groceries she’s taking a closer look at the labels and being a lot more choosy about which items end up at the checkout. Products made locally or in Canada get the green light, and items that are made in the U.S are put back on the shelf. “A lot…
[ad_1] Corus Entertainment Inc. shares were down 11 per cent on Wednesday after the company announced a $935.9 million loss tied mostly to a devaluation of its broadcast licences and slashed its dividend to accelerate debt reduction. The company’s B shares were at $5.54 in morning trading, down 71 cents or 11 per cent from Tuesday’s close.…
[ad_1] For any company built on top of machine learning operations, the more data it has, the better it is off — as long as it can keep it all under control. But as more and more information pours in from disparate sources, gets logged in obscure databases and is generally hard (or slow) to…
[ad_1] Various Great-West Life websites have been offline for several days following what the company calls a routine IT upgrade, but the workplace benefits giant says it has not been the victim of a hack, and customers are able to file claims as normal. The Winnipeg-based company says “the unexpected shutdown” of several of its…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review panel process to deal with potential threats from Chinese acquisition of American technologies, instead of imposing China-specific restrictions. FILE PHOTO: U.S. President Donald Trump speaks during a lunch meeting with Republican members of Congress at the…
[ad_1] On the north side of the Canada-U.S. border, trade tensions between the two close allies have created confusion among political leaders, led economists to predict a recession and provoked some consumers to change their travel and purchasing habits. On the south side of the 49th parallel, however, the prospect of a North American trade war…
[ad_1] The Alberta Wheat Commission says South Korea has resumed imports of Canadian wheat after suspending trade last week due to concerns about a small number of genetically modified plants. Earlier this month the Canadian Food Inspection Agency announced a few GM wheat plants were found near a farm in southern Alberta. Genetically modified wheat…
[ad_1] Canopy Growth Corp. reported a fourth-quarter loss of $61.5 million as it prepared for the launch of the legal Canadian recreational cannabis market later this year. The loss amounted to 31 cents per share for the quarter ended March 31 compared with a loss of $12 million or eight cents per share a year…
[ad_1] (Reuters) – U.S. stock index futures were nearly flat on Wednesday, pulling back from sharp losses earlier, after the Trump administration softened its stance on restricting foreign investments. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2018. REUTERS/Brendan McDermid The U.S.…
[ad_1] (Reuters) – Cheerios cereal maker General Mills Inc (GIS.N) on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve distribution network paid off. FILE PHOTO: General Mills breakfast cereal is shown for sale in Carlsbad, California, U.S., June 27, 2017. REUTERS/ Mike Blake/File Photo Gross margins…
[ad_1] (Reuters) – Fujifilm Holdings Corp (4901.T) on Wednesday threatened to compete against Xerox Corp (XRX.N) in Asia-Pacific and challenge it in America and Europe if it failed to renew its technology agreement in 2021. Fujifilm Holdings’ logos are pictured ahead of its news conference in Tokyo, Japan January 31, 2018. REUTERS/Kim Kyung-Hoon Xerox had…
[ad_1] The rapid pace of technology innovation and applications in recent decades — you could argue that just about every kind of business is a “tech” business these days — has spawned a sea of tech startups and larger businesses that are focused on serving that market, and equally demanding consumers, on a daily basis.…
[ad_1] SHANGHAI (Reuters) – As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government’s blessing. Products made by Chinese companies Yinlu, Xufuji and San Xiao are displayed in this picture illustration taken June…
[ad_1] LONDON (Reuters) – A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world’s number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows. FILE PHOTO: The London Stock Exchange Group offices are seen in…
[ad_1] LONDON (Reuters) – Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File…
[ad_1] What do lawn mowers, boats and washing machines have in common? They may all get more expensive in the coming months as Canada imposes retaliatory tariffs on select U.S. goods. That’s because some products the federal government plans to target may not be easily replaced by imports from other countries, leaving everyday Canadians to foot the bill for…
[ad_1] SYDNEY (Reuters) – Asian share markets were under stress on Wednesday as further falls in Chinese stocks and the yuan sent ripples across the region, while oil climbed as the United States leaned on allies to stop buying Iranian crude. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei average outside…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo Uncertainty over Libyan exports…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo Uncertainty over Libyan exports…
[ad_1] BERLIN (Reuters) – German companies are so desperate to attract staff that they are falling over themselves to offer perks such as long holidays, shorter hours, flexible shifts and sabbaticals, even though employees here already work the fewest hours in the developed world. FILE PHOTO: An Intercity Express ICE train of Deutsche Bahn AG…
[ad_1] NEW YORK (Reuters) – Alphabet Inc’s Google announced on Wednesday the biggest-ever rebranding of its advertising software, retiring the DoubleClick and AdWords brands to streamline entry points for advertisers and ad sellers. The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau…
[ad_1] (Reuters) – General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power. The slimmed-down company will focus on jet engines,…
[ad_1] WASHINGTON (Reuters) – A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary report on Tuesday. The report said the vehicle was traveling 116 miles (187 km) per…
[ad_1] SYDNEY (Reuters) – Asian share markets were under pressure on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment in the region, while oil climbed as the United States pressured allies to stop buying Iranian crude. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei average outside a…
[ad_1] BOSTON (Reuters) – Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources familiar with the matter said on Tuesday. FILE PHOTO: William ‘Bill’ Ackman, CEO…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday, pushed up by supply disruptions in Libya and Canada and after U.S. officials said all countries should stop Iranian crude imports from November. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures…
[ad_1] SYDNEY (Reuters) – Chinese telecom firm Huawei Technologies Co Ltd’s [HWL.UL] network equipment is “safe and secure”, its Australian chairman said on Wednesday, ramping up the company’s public lobbying against concerns that its links to China pose a security risk. FILE PHOTO: People walk past a sign board of Huawei at CES (Consumer Electronics…
[ad_1] SYDNEY (Reuters) – Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] LONDON (Reuters) – Lloyds Banking Group (LLOY.L) is facing more pressure over its handling of a fraud at its HBOS Reading business that took place more than a decade ago, with the chair of Britain’s Treasury Committee calling for “maximum transparency” over the affair. FILE PHOTO: A woman uses a cash machine at a…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Tuesday endorsed U.S. Treasury Secretary Steven Mnuchin’s measured approach to restricting Chinese investments in U.S. technology companies, saying a strengthened merger security review committee could protect sensitive American technologies. U.S. President Donald Trump speaks during a lunch meeting with Republican members of Congress at the White House…
[ad_1] HOUSTON (Reuters) – When General Electric Co bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue. FILE PHOTO: The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017.…
[ad_1] WASHINGTON (Reuters) – Two U.S. senators urged President Donald Trump on Tuesday to reconsider his agreement with ZTE Corp (000063.SZ), saying lifting a ban on China’s second-largest telecommunications maker poses “a significant threat” to national security. FILE PHOTO: The logo of China’s ZTE Corp is seen on the building of ZTE Beijing research and…
[ad_1] NEW YORK (Reuters) – U.S. stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June…
[ad_1] WASHINGTON/CHICAGO (Reuters) – U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash if it went ahead with a plan to move production for European customers overseas. Trump’s attack, the latest…
[ad_1] BOSTON (Reuters) – A former Akebia Therapeutics Inc (AKBA.O) employee accused of engaging in an insider trading scheme must spend a night in jail after he violated a U.S. judge’s order and spoke to a witness at the start of his trial on Tuesday. FILE PHOTO – Former Akebia Therapeutics Inc employee Schultz Chan…
[ad_1] BOSTON (Reuters) – A former State Street Corp (STT.N) executive was convicted on Tuesday of participating in a scheme to defraud several of the bank’s customers by charging them secret commissions on billions of dollars of trades. FILE PHOTO: Ross McLellan, a former executive Vice President at State Street Corp, enters the federal courthouse…
[ad_1] MPs are hearing dire warnings about the potential impact of American tariffs on Canadian aluminum and steel and a looming threat of tariffs on automobiles. Representatives of the steel industry, auto parts makers, car dealers and the steelworkers union say U.S. President Donald Trump’s tariffs could send Canada spiralling into a recession. The House…
[ad_1] Postmedia says it is closing down six community newspapers in Ontario and Alberta, and halting the print editions at three other papers in Manitoba and Ontario as it moves to cut costs. The company said in a note to staff that The Graphic in Portage La Prairie, Man., the Northern News in Kirkland Lake, Ont., and…
[ad_1] LONDON (Reuters) – Uber [UBER.UL] avoided a ban in London on Tuesday after the taxi-hailing app’s new management made changes to ease strained relations with the city’s transport regulator, but its new license will include strict conditions. A photo illustration shows the Uber app and a bus in London, Britain, June 25, 2018. REUTERS/Henry…
[ad_1] LONDON (Reuters) – Uber was granted a new, shorter, license to operate in London on Tuesday after a judge said it had made the changes required to be deemed fit and proper, after its earlier application was denied last year. A photo illustration shows the Uber app and a bus in London, Britain, June…
[ad_1] WASHINGTON/CHICAGO (Reuters) – U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes and said the iconic motorcycle maker would suffer from a public backlash if it goes ahead with a plan to move production for European customers overseas. Trump’s latest attack on a U.S. corporation is a sharp reverse for the president, who…
[ad_1] Google is giving developers a new storage option in its cloud. Cloud Filestore, which will launch into beta next month, essentially offers a fully managed network attached storage (NAS) service in the cloud. This means that companies can now easily run applications that need a traditional file system interface on the Google Cloud Platform.…
[ad_1] (Reuters) – U.S. stocks edged higher on Tuesday, with General Electric (GE.N) and technology stocks helping Wall Street recoup some losses from a day earlier on escalating global trade tensions. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2018. REUTERS/Brendan McDermid…
[ad_1] General Electric Co. said on Tuesday it will spin off its health-care business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power. The slimmed-down company will focus on jet engines, power plants…
[ad_1] ZenProspect, a startup that emerged from the Y Combinator Winter 2016 class to help companies use data and intelligence to increase sales, announced today that it was rebranding as Apollo. It also announced a $7 million Series A investment. The round was led by Nexus Venture Partners. Social Capital and Y Combinator also participated.…
[ad_1] NEW YORK (Reuters) – A credit ratings analyst for Standard & Poor’s and two other defendants were criminally charged by U.S. prosecutors on Tuesday with insider trading related to Sherwin-Williams Co’s (SHW.N) $9.3 billion purchase of Valspar Corp. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at…
[ad_1] If a coffee fanatic decides they want to open up a coffee shop somewhere, odds are they’ll have to end up Googling “liability insurance” at some point — and trying to navigate the complex legal web to get all of that nailed down before they even sell their first iced latte. Inaki Berenguer instead hopes…
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has hired Lee Enterprises Inc (LEE.N) to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company…
[ad_1] U.S. President Donald Trump has denied that his trade policy is responsible for Harley-Davidson’s decision to shift some motorcycle production overseas. The company says it’s doing so because of tariffs it faces in a trade dispute between the U.S. and the European Union. But Trump says that’s just an excuse. Early this year Harley-Davidson said…
[ad_1] LONDON/FRANKFURT (Reuters) – BMW (BMWG.DE) said it is not considering moving production out of Britain because of Brexit, although the carmaker has cut its dependence on its Oxford car plant by quietly expanding a new Dutch assembly site for its Mini brand. Raindrops cover the bonnet of a BMW car in London, Britain, February…
[ad_1] At the Identiverse conference in Boston today, Ping Identity announced that it has acquired Elastic Beam, a pre-Series A startup that uses artificial intelligence to monitor APIs and help understand when they have been compromised. Ping also announced a new product, PingIntelligence for APIs, based on the Elastic Beam technology. They did not disclose the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday the U.S. government was completing a study about increasing import tariffs on cars from the European Union and suggested it would take action soon. FILE PHOTO: U.S. President Donald Trump particiaptes in a rally in West Columbia, South Carolina, U.S., June 25, 2018. REUTERS/Kevin…
[ad_1] In the age of digital transformation, it’s important to understand your business processes and find improvements quickly, but it’s not always easy to do without bringing in expensive consultants to help. Celonis, a New York City enterprise startup, created a sophisticated software solution to help solve this problem, and today it announced a $50…
[ad_1] (Reuters) – U.S. stock index futures were largely flat on Tuesday, a day after the S&P 500 posted its steepest one-day loss since early April on fears of a spiraling trade spat between the United States and other major economies. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] NEW YORK (Reuters) – General Electric Co said on Tuesday it plans to spin off its healthcare business and divest its stake in oil-services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines, power plants and renewable energy. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind…
[ad_1] LONDON (Reuters) – Modest gains from Europe’s main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into ‘bear’ market territory. A 0.3 percent rise from the FTSE in London and 0.4 percent gains from Frankfurt and Paris was a welcome…
[ad_1] (Reuters) – General Electric Co (GE.N) plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes (BHGE.N), the Wall Street Journal reported on Tuesday, citing people familiar with the matter. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in…
[ad_1] LONDON (Reuters) – Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on…
[ad_1] LONDON (Reuters) – British finance minister Philip Hammond said on Thursday that the prospect of a trade war would be a disaster, especially for the United States. Britain’s Chancellor of the Exchequer Philip Hammond delivers a speech at the Annual Mansion House dinner in London, Britain, June 21 2018. REUTERS/Henry Nicholls “I very much…
[ad_1] With only days to go before China and the United States trigger punishing tariff penalties on one another’s exports, it seems impossible to imagine either country backing down. As both sides talk tough, once again global markets, including in Shanghai, New York and Toronto, declined sharply. On Sunday, China had announced its latest weapon in its economic…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump’s tariffs on Chinese imports mostly shield consumers by targeting supply-chain components – but lurking inside the tariff lists are some surprises, from Google Nest thermostats to vaping devices to equipment used by aspiring rock stars. FILE PHOTO: A Nest thermostat is installed in a home in Provo,…
[ad_1] SINGAPORE (Reuters) – Oil edged up on Tuesday, lifted by a Canadian production outage and uncertainty over Libyan crude exports, though climbing OPEC supplies and the intensifying trade conflict between the United States and other major economies held back prices. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland,…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up on Tuesday on uncertainty over Libyan oil exports, but gains were dampened by an expected increase in supply from producer cartel OPEC and by an intensifying trade conflict between the United States and other major economies. FILE PHOTO: An oil pump is seen operating in the Permian…
[ad_1] TOKYO (Reuters) – World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety. Investors look at an electronic board showing stock information at a brokerage house in Shanghai, China…
[ad_1] (Reuters) – U.S. President Donald Trump on Monday slammed Harley-Davidson Inc (HOG.N) after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year. Trump said he has fought hard for the company and was surprised by its plans,…
[ad_1] (Reuters) – SkyBridge Capital II LLC said on Monday it was suing Premium Point Investments LP, claiming it lost nearly $80 million because the investment service inflated the value of its hedge fund assets. FILE PHOTO: Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Capital, speaks during the opening remarks during the SALT conference…
[ad_1] TOKYO (Reuters) – World stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety. Investors look at an electronic board showing stock information at a brokerage house in Shanghai,…
[ad_1] SINGAPORE (Reuters) – Oil prices inched up on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures LCOc1,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures LCOc1, the…
[ad_1] TOKYO (Reuters) – Global stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting safe-haven U.S. Treasuries and keeping the dollar on the defensive. FILE PHOTO: A man looks at a mobile phone in front of an electronic…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures LCOc1, the…
[ad_1] TOKYO (Reuters) – Global stocks extended a sell-off on Tuesday as mounting trade tensions between the United States and other major economies continued to steer investors away from riskier assets, lifting safe-haven U.S. Treasuries and keeping the dollar on the defensive. FILE PHOTO: A man looks at a mobile phone in front of an…
[ad_1] WASHINGTON (Reuters) – Conflicting signals from the Trump administration over proposed restrictions on foreign investment in U.S. technology companies, along with news that recently imposed import tariffs are starting to disrupt supply chains, sent global stock markets tumbling on Monday. FILE PHOTO: United States Secretary of the Treasury Steven Mnuchin holds a news conference…
[ad_1] ANAHEIM, Calif. (Reuters) – Video makers with millions of subscribers on YouTube expressed frustration at a trade show last week that the service notifies only a portion of their followers about new posts, causing declines in viewership and their revenue. FILE PHOTO: A 3D-printed YouTube icon is seen in front of a displayed YouTube…
[ad_1] LONDON (Reuters) – Uber will hear on Tuesday if a bid to overturn a ruling stripping it of its license to operate in London, its biggest European market, has succeeded after it said its corporate culture and practice had changed. A photo illustration shows the Uber app and a bus in London, Britain, June…
[ad_1] MELBOURNE (Reuters) – Chinese telecommunications equipment maker Huawei Technologies Co Ltd is the biggest corporate sponsor of overseas travel for Australian politicians, the Australian Broadcasting Corp reported on Tuesday, citing exclusively obtained research. FILE PHOTO: The Huawei logo is seen during the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman The…
[ad_1] A production shutdown at Syncrude Canada’s oilsands mine north of Fort McMurray, Alta., is expected to free up pipeline space out of Western Canada and raise prices for Canadian heavy oil. The company has said production could remain offline through July after a power outage late last week forced Syncrude to stop its production…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) will pay more than $5.1 million to settle U.S. Securities and Exchange Commission charges it improperly pushed retail customers to actively trade complex investments in order to generate higher fees. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10,…
[ad_1] CHICAGO (Reuters) – From global manufacturers such as Harley-Davidson Inc (HOG.N) to small tech startups, companies are scrambling to rework supply chains built for an era of stable, open trade policy that is now under threat. FILE PHOTO: A biker parks his motorcycle in front of St. Peter’s square during the Harley-Davidson 110th Anniversary…
[ad_1] A sell-off in North American stock markets intensified on Monday afternoon, led by a decline in technology stocks, after reports that U.S. officials were in the process of introducing restrictions that would block Chinese companies from investing in U.S. tech companies. Reports on Sunday said the U.S. Treasury Department was working on restrictions that would block companies…
[ad_1] NEW YORK (Reuters) – An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday, driving benchmark indexes lower by around 2 percent to their steepest losses in more than two months. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,…
[ad_1] OTTAWA (Reuters) – Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course, with a clear-cut case for higher rates endangered by a raging trade war with the United States. FILE PHOTO: Bank of Canada Governor Stephen Poloz walks to a news conference in…
[ad_1] WASHINGTON/BRUSSELS (Reuters) – Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reuters. FILE PHOTO – Andrea Jelinek, the head of the European Data Protection Board (EDPB), a new European body created…
[ad_1] (Reuters) – CBS Corp on Monday expanded its streaming agreement with National Football League to include mobile devices and extended the rights through the 2022 season, the media company said. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th avenue in New York, U.S. on May 19, 2016. REUTERS/Shannon…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) introduced a new credit card rewards program on Monday, aiming to stand out against other benefit-heavy cards and gain more of a foothold in a market where it has lagged rivals. Other big U.S. lenders like JPMorgan Chase & Co (JPM.N) have successfully built up their credit…
[ad_1] NEW YORK/FRANKFURT (Reuters) – U.S. buyout group Advent agreed to buy General Electric Co’s (GE.N) distributed power unit for $3.25 billion, the companies said on Monday, marking GE’s exit from a growing segment of the power business. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying to steal our technology.” FILE PHOTO: United States Secretary of the Treasury Steven Mnuchin arrives at a news conference after the…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company’s policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. FILE PHOTO: The logo of Dow Jones Industrial Average stock market…
[ad_1] (Reuters) – Harley-Davidson Inc (HOG.N) said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc’s retaliatory tariffs would cost the company $90 million to $100 million a year. FILE PHOTO – A biker rides his Harley-Davidson during…
[ad_1] WASHINGTON, (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The…
[ad_1] BigID announced a big $30 million Series B round today, which comes on the heels of closing their $14M A investment in January. It’s been a whirlwind year for the NYC data security startup as GDPR kicked in and companies came calling for their products. The round was led by Scale Venture Partners with…
[ad_1] (Reuters) – Wall Street’s main indexes opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 19, 2018. REUTERS/Brendan…
[ad_1] Harley-Davidson, up against spiralling costs from tariffs, will begin shifting the production of motorcycles headed for Europe from the U.S. to factories overseas. The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice. The EU tariffs on $3.4 billion US worth of products are retaliation…
[ad_1] Formerly sleepy secondary airports in Canada’s two busiest air markets are in for a new lease on life thanks to the rise of discount airlines and projected growth in travel over coming decade. Airports in Hamilton, Ont., and Abbotsford, B.C., that have traditionally played second fiddle to Vancouver International Airport and Toronto Pearson International…
[ad_1] (Reuters) – U.S. stock index futures fell on Monday as growing trade tensions between the United States and China kept investors on edge, with the latest threat involving a check on Chinese investments in U.S. technology firms. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June…
[ad_1] (Reuters) – Harley-Davidson Inc (HOG.N) said on Monday it would not raise retail or wholesale prices to its dealers to cover the costs of the retaliatory tariffs by the European Union on U.S. products. The logo of U.S. motorcycle company Harley-Davidson is pictured at the “Hamburg Harley Days” in Hamburg, Germany, June 24, 2018.…
[ad_1] (Reuters) – Jet Airways (India) Ltd said on Monday it has entered into an agreement with Boeing Co (BA.N) for purchase of an additional 75 Boeing 737 MAX aircraft. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse/File…
[ad_1] SEOUL (Reuters) – South Korea’s military has picked Boeing Co (BA.N) to supply the country’s maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior company executive said on Monday. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport,…
[ad_1] LONDON (Reuters) – Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen…
[ad_1] LONDON (Reuters) – World shares fell on Monday, dented by worries over a worsening trade dispute between the United States and other major economies, while oil prices gave up some of the gains made after major exporters agreed a modest production increase. FILE PHOTO: A worker shelters from the rain as he passes the…
[ad_1] The amount of tax that Canadians admit to owing Ottawa but haven’t paid rose to a record $43.8 billion this year, despite a Liberal government promise to “stabilize” that sum. And an internal Canada Revenue Agency (CRA) projection obtained by CBC News says the amount of unpaid tax owed is set to hit more…
[ad_1] “Eyes shone, cheeks were flushed, the inner light of universal benevolence broke out on every face in happy, friendly smiles.” That’s Aldous Huxley in his 1932 novel Brave New World, describing “soma,” a drug provided by the state to help citizens cope in his fictional dystopia. If you are looking for something to take the…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc…
[ad_1] KUALA LUMPUR (Reuters) – Malaysian authorities have made the first arrest in a renewed probe into the multi-billion dollar scandal at state fund 1MDB, remanding a former aide of ousted prime minister Najib Razak to assist in investigations, Bernama news reported on Monday. FILE PHOTO – A man walks past a 1 Malaysia Development…
[ad_1] TOKYO (Reuters) – Global share prices fell on Monday on escalating trade tensions between the United States and major economies while crude oil prices gave up some of the hefty gains made after major oil exporters agreed to a modest increase in production. FILE PHOTO: A man looks at an electronic stock quotation board…
[ad_1] SINGAPORE (Reuters) – Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016.…
[ad_1] TOKYO (Reuters) – Japan’s Toshiba Corp (6502.T) on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo “We…
[ad_1] SINGAPORE (Reuters) – Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016.…
[ad_1] SINGAPORE (Reuters) – Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016.…
[ad_1] TOKYO (Reuters) – Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] SINGAPORE (Reuters) – Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S.…
[ad_1] TORONTO (Reuters) – Bombardier Inc and its Canadian workers who assemble turboprops and the company’s new top-of-the-line business jet have reached a new labor agreement, averting a potential strike, the company said on Sunday. FILE PHOTO: A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland…
[ad_1] WASHINGTON (Reuters) – The U.S. Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying U.S. companies in “industrially significant” technologies, the Wall Street Journal reported on Sunday. FILE PHOTO: A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic…
[ad_1] TOKYO (Reuters) – Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production. FILE PHOTO: A man looks at an electronic stock quotation board outside…
[ad_1] FRANKFURT (Reuters) – Britain’s looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found. FILE PHOTO: Union Flags and European Union flags fly near the Elizabeth…
[ad_1] LONDON (Reuters) – Uber [UBER.UL] goes to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in its most important European market. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File…
[ad_1] (Reuters) – General Electric Co (GE.N) is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter. FILE PHOTO: The General Electric logo is pictured on the General Electric…
[ad_1] LONDON (Reuters) – The British government and business leaders clashed in a deepening row over Brexit on Sunday after a senior minister accused companies of issuing “completely inappropriate” threats and undermining the prime minister. Britain’s Health Secretary, Jeremy Hunt, speaks on the BBC’s Marr Show in London, Britain June 24, 2018. Jeff Overs/BBC Handout…
[ad_1] LONDON (Reuters) – A British minister accused Airbus [AIR.PA] and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Britain’s Secretary of State for Health Jeremy Hunt arrives in Downing Street, in London, May 15, 2018. REUTERS/Peter Nicholls…
[ad_1] LONDON (Reuters) – A British minister accused Airbus [AIR.PA] and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Britain’s Secretary of State for Health Jeremy Hunt arrives in Downing Street, in London, May 15, 2018. REUTERS/Peter Nicholls…
[ad_1] BOSTON (Reuters) – Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance. FILE PHOTO: Paypal co-founder Peter Thiel speaks at…
[ad_1] LONDON (Reuters) – Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus [AIR.PA] to issue warnings about moving jobs because of Brexit. Britain’s Secretary of State for Health Jeremy Hunt arrives in Downing Street, in London, May 15, 2018. REUTERS/Peter Nicholls “It was completely inappropriate for businesses to…
[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. #BuyCanadian campaign Would you swear off buying American-made products? A number of Canadians on social media are resolving to #BuyCanadian in response to U.S. President Donald Trump’s tariffs and the trade dispute.…
[ad_1] Considering a career in the cannabis business? Now may be the time to take the plunge as licensed marijuana companies ramp up production and rush to fill jobs ahead of pot’s legalization in Canada on Oct. 17. “It’s crunch time,” said Jordan Sinclair, vice-president of communications for Canopy Growth, based in Smith Falls, Ont. “This…
[ad_1] HANGZHOU, China (Reuters) – Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto. People walk past a booth of NetEase Comics at the China International Cartoon and Game (CCG) Expo in Shanghai, China July 6, 2017. REUTERS/Stringer China’s…
[ad_1] An extensive court battle has seen Shaw Communications lose a bid to transfer tax responsibility for the cost of paper invoices onto the shoulders of customers. The B.C. Court of Appeal has dismissed the cable giant’s argument that it shouldn’t have to pay $1.66 million in provincial sales tax related to the material used to produce…
[ad_1] PARIS (Reuters) – The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. FILE PHOTO – Harley-Davidson bikes are seen at the “Hamburg Harley-Days” in Hamburg, Germany, June 22, 2018. REUTERS/Fabian Bimmer…
[ad_1] MONTREAL (Reuters) – Canadian workers who assemble Bombardier Inc’s (BBDb.TO) turboprops and the company’s new top-of-the-line business jet on Saturday reached a tentative agreement with the company just hours ahead of a strike deadline, the union said. A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport,…
[ad_1] SEOUL (Reuters) – South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company. FILE PHOTO: The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji/File Photo Choi still needed to win approval…
[ad_1] Jurassic World, Avengers: Infinity War, the latest in the Star Wars franchise, Solo: Movie theatres, as usual, are jam-packed with sequels this summer. Hollywood is addicted to sequels for one reason: A proven concept can reduce the risk of failure in a business where hundreds of millions of dollars are at stake. But some Canadian tech entrepreneurs…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp (IPO-XMGP.HK) said on Saturday there is no timeframe for a mainland share offering, casting doubt on Beijing’s efforts to lure foreign-listed Chinese tech giants back home. Xiaomi’s Founder, Chairman and CEO Lei Jun attends a news conference in Hong Kong, China June 23, 2018. REUTERS/Bobby…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp (IPO-XMGP.HK) said on Saturday there is no timeframe for a mainland share offering and the company has no disagreement with the China Securities Regulatory Commission. Xiaomi’s Founder, Chairman and CEO Lei Jun attends a news conference in Hong Kong, China June 23, 2018. REUTERS/Bobby Yip…
[ad_1] SAN FRANCISCO (Reuters) – An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street’s hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider. FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston, Texas, U.S.…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper. FILE PHOTO: Former Volkswagen chief executive Martin Winterkorn arrives to testify to a German…
[ad_1] (Reuters) – ZTE Corp (000063.SZ) is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday. FILE PHOTO:…
[ad_1] FRANKFURT (Reuters) – Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said. Harley Davidson motorcycles are displayed for sale at a showroom…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted…
[ad_1] (Reuters) – Netflix Inc Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details. FILE PHOTO: The Netflix logo is shown above their booth at Comic Con International in San Diego, California, U.S., July 21, 2017. REUTERS/Mike Blake Friedland tweeted that he had…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] The town of Halton Hills, Ont., may seem like an unlikely locale for a burgeoning consumer movement. But the tiny town northwest of Toronto finds itself in the vanguard of the latest trade battle between Canada and the United States: a movement to stop buying American. On June 11, the town council voted unanimously in favour of a resolution that…
[ad_1] NEW YORK (Reuters) – Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems. FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average advanced on Friday, with the Dow poised to end an eight-day losing streak, as a jump in oil prices lifted energy stocks, but losses in technology stocks kept the Nasdaq in check. Traders work on the floor of the New York Stock…
[ad_1] WASHINGTON (Reuters) – The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans. FILE PHOTO: An oil and gas drilling platform stands offshore near Dauphin Island,…
[ad_1] President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 per cent tariff on all U.S. imports of European Union-assembled cars, a month after the administration launched an investigation into whether auto imports pose a national security threat. “If these Tariffs and Barriers are not soon broken…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – The safety driver behind the wheel of a self-driving Uber car in Tempe, Arizona, was streaming a television show on her phone until about the time of a fatal crash, according to a police report that deemed the March 18 incident “entirely avoidable.” A report by the Tempe Police Department…
[ad_1] BlackBerry Ltd. shares sank almost 10 per cent to their lowest levels in weeks on Friday, despite beating analysts’ estimates and reporting a solid start to its 2019 financial year. The company’s stock was trading at $14.05, down $1.56, or 9.99 per cent, in late morning trading on the Toronto Stock Exchange. The shares…
[ad_1] (Reuters) – Tesla Inc said it suffered a fire Thursday night at its Fremont facility. 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 McDermid/File Photo “Last night, the structure outside our factory that houses…
[ad_1] VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. Saudi Arabia’s Oil Minister Khalid al-Falih talks to journalists at…
[ad_1] In what appears to be the latest salvo in a new, wired form of protest, developer Sam Lavigne posted code that scrapes LinkedIn to find Immigration and Customs Enforcement employee accounts. His code, which basically a Python-based tool that scans LinkedIn for keywords, is gone from Github and Gitlab and Medium took down his…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat. FILE PHOTO – Parked cars are pictures at the car terminal at the…
[ad_1] Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day. The increase was announced after ministers from the group met on Friday in Vienna. The production increase will partly undo a 1.2 million barrel cut OPEC agreed on in…
[ad_1] The cost of living increased at a 2.2 per cent annual pace in May, matching the increase seen a month earlier. Statistics Canada reported Friday that all eight components it tracks to come up with the consumer price index were higher during the month, but more than half of them grew by a slower rate…
[ad_1] BERLIN (Reuters) – Lufthansa’s (LHAG.DE) budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin (AB1.DE) planes into its fleet to be completed by the end of July, it said on Friday. The BEST fare seats are seen inside an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary…
[ad_1] CANNES, France (Reuters) – Former WPP (WPP.L) boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when asked on a stage in front of hundreds of people about why he had left the ad giant. Sir Martin Sorrell attends a conference at the Cannes Lions International…
[ad_1] LONDON (Reuters) – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British company that it is seeking to buy, stock exchange filings showed on Friday. FILE PHOTO: A technician looks at a solar panel on the Inmarsat S-Band/Hellas-Sat 3 satellite in the clean room facilities of…
[ad_1] PARIS (Reuters) – French supermarket chain Casino (CASP.PA) and cosmetics group L’Oreal (OREP.PA) are launching new beauty stores in Paris this weekend, the latest effort by brick and mortar retailers to retain customers in the face of online competition. FILE PHOTO: A cosmetic display of French cosmetics group L’Oreal is seen during the inauguration…
[ad_1] PARIS/LONDON (Reuters) – Airbus issued its strongest warning yet over the impact of Britain’s departure from the European Union, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk. In a memorandum issued late on Thursday, Airbus said current plans for a…
[ad_1] VIENNA (Reuters) – OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage. Saudi Arabia’s Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22,…
[ad_1] BERLIN (Reuters) – Volkswagen AG (VOWG_p.DE) is handing over responsibility for regional markets to its different brands, the German carmaker said on Friday, its latest efforts to get closer to markets to respond to customer demand more quickly. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin,…
[ad_1] SAN FRANCISCO (Reuters) – Police in Tempe, Arizona said evidence showed the “safety” driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming the crash that rocked the nascent industry “entirely avoidable.” FILE…
[ad_1] The first border skirmishes in the U.S.’s simmering international trade war have been relatively contained. But that could change quickly if the conflict spreads to the primary resource powering the global economy — oil. So far, U.S. President Donald Trump has taken aim at China with billions in tariffs for alleged intellectual property theft. China, not surprisingly, has…
[ad_1] VIENNA (Reuters) – OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018.…
[ad_1] SHANGHAI/BEIJING (Reuters) – U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday as Beijing kept up with its war of words with Washington over trade. FILE PHOTO: A staff member walks past U.S. and Chinese flags placed…
[ad_1] TOKYO (Reuters) – Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output. FILE PHOTO: A man looks at an…
[ad_1] TAIPEI (Reuters) – Foxconn (2317.TW), the world’s largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is facing. FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision…
[ad_1] TOKYO (Reuters) – Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output. FILE PHOTO: A man looks at an…
[ad_1] OTTAWA (Reuters) – Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said. FILE PHOTO: A Lockheed Martin F-35 Lightning II fighter jet is…
[ad_1] TAIPEI (Reuters) – Foxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple Inc (AAPL.O), said on Friday the biggest challenge the company is facing is the trade war between Washington and Beijing. FILE PHOTO: A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry,…
[ad_1] (Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Credit Suisse Group AG of withholding up to $300 million of compensation from U.S.-based brokers when it closed their private banking unit in 2015. FILE PHOTO: The windows of a Swiss bank Credit Suisse branch are closed during a May Day demonstration in…
[ad_1] TOKYO (Reuters) – Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei…
[ad_1] LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. FILE PHOTO:…
[ad_1] NEW YORK (Reuters) – Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses. FILE PHOTO: The U.S. Supreme Court is seen after the court revived Ohio’s contentious policy of purging infrequent voters…
[ad_1] WASHINGTON (Reuters) – The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. FILE PHOTO: The seal for the Board of Governors of…
[ad_1] (Reuters) – Walt Disney Co (DIS.N) said on Thursday it was willing to divest Twenty-First Century Fox Inc (FOXA.O) assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal. FILE PHOTO: The 21st Century Fox logo is displayed outside the…
[ad_1] NEW YORK (Reuters) – Stock index provider MSCI said on Thursday it extended its review of how to treat stocks with unequal voting rights and expects to make a decision by the end of October. FILE PHOTO: The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo That decision,…
[ad_1] WASHINGTON/FRANKFURT/BEIJING (Reuters) – An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim – Germany’s auto sector. Luxury carmakers Daimler and BMW joined American farmers and Chinese solar panel and steel makers among the first casualties in what looks…
[ad_1] WASHINGTON (Reuters) – The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. FILE PHOTO: The seal for the Board of Governors of the Federal…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Thursday, with the Dow slumping for an eighth straight decline as industrials wobbled again on trade war concerns while Amazon and other online retailers weakened after a U.S. Supreme Court ruling on state sales tax collection. Traders work on the floor of the New York Stock…
[ad_1] NEW YORK (Reuters) – U.S. stocks dipped on Thursday as a U.S. Supreme Court ruling on state sales tax collection pulled Amazon and other online retailers lower while industrials continued to falter on concerns over trade war concerns. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] People should get paid for work they have done. It’s a pretty simple principle of capitalism, but a principle that seems increasingly violated in the modern economy. With semi-monthly paychecks, the work an employee does on the first day of the month won’t be paid until the end of the third week — a…
[ad_1] WASHINGTON (Reuters) – States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals. In a 5-4 ruling upholding a South Dakota law challenged by Wayfair Inc, Overstock.com…
[ad_1] Your beer is about to undergo a government makeover. Federal officials are proposing changes to national beer standards that would widen the number of ingredients permitted in a pint and force brewers to list every ingredient on a can or bottle. Even the Canadian definition of “beer” would change. The changes would mark a…
[ad_1] (Reuters) – Intel Corp (INTC.O) Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy. The head of the largest U.S. chipmaker is the latest in a line of powerful men in business and politics to lose their jobs or resign over relationships viewed…
[ad_1] (Reuters) – AT&T Inc (T.N) will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company’s first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc. FILE PHOTO – An AT&T…
[ad_1] A judge has awarded Dow Chemical Canada $1.06 billion US in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central Alberta. The dispute centred around the operation of a production facility in Joffre known as E3. E3 started operating in 2000 as a joint venture, with Nova running the…
[ad_1] Manulife Financial Corp. said Thursday it plans to cut about 700 jobs in Canada over the next 18 months as it move to digitize and combine some of its operations. The company said the cuts will come through voluntary exits and natural attrition. Manulife says it employs more than 13,000 in Canada, and about 35,000 people…
[ad_1] Commerce Secretary Wilbur Ross said on Thursday the United States needs to make it harder for its trading partners to have high trade barriers in order to achieve President Donald Trump’s ultimate goal of lower barriers and a level playing field. “What we have to do is create an environment where it’s more painful…
[ad_1] WASHINGTON (Reuters) – States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota. U.S. Supreme Court is seen in Washington, U.S. April 24, 2018. REUTERS/Yuri Gripas The justices,…
[ad_1] Intel CEO Brian Krzanich has resigned after the company learned of what it called a consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company’s non-fraternization policy, which applies to all managers. Chief financial officer Robert Swan will take over as interim CEO immediately. A search for…
[ad_1] BRUSSELS/FRANKFURT (Reuters) – Mercedes-Benz maker Daimler (DAIGn.DE) shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States. FILE PHOTO – The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany,…
[ad_1] (Reuters) – Kroger Co (KR.N) on Thursday raised the lower-end of its full-year earnings forecast and posted better-than-expected quarterly profit, as investments in online and delivery services paid off, sending its shares up nearly 8 percent. FILE PHOTO – A logo of Kroger is displayed on a monitor above the floor of the New…
[ad_1] The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions. The sign on a Taco Bell restaurant advertises “Now Hiring Managers” in Fitchburg, Massachusetts, U.S., June 12, 2018. REUTERS/Brian Snyder Initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 218,000…
[ad_1] LONDON (Reuters) – Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world’s supply of crude. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzale/Illustration/File…
[ad_1] BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at…
[ad_1] BRUSSELS (Reuters) – German industrial gases company Linde (LING.DE) and U.S. peer Praxair (PX.N) have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger. FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016. REUTERS/Michaela Rehle/File Photo The companies submitted…
[ad_1] CHICAGO (Reuters) – The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges or adapt to employees’ needs. FILE PHOTO: Office workers take their…
[ad_1] SYDNEY (Reuters) – Shares crept higher in most major markets on Thursday as a lull in the Sino-U.S. trade tussle and talk of more stimulus in China helped calm nerves, though the nagging trade tensions caused Chinese shares to slip, dragging other Asian markets lower. FILE PHOTO: The German share price index, DAX board,…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Truck & Bus (VOWG_p.DE) division plans an initial public offering in summer 2019 and could raise more than 6 billion euros ($6.9 billion) by listing a stake of around 25 percent, the division’s chief executive told Manager Magazin. FILE PHOTO: Volkswagen Truck & Bus GmbH CEO Andreas Renschler attends…
[ad_1] How would you react if you agreed to do an online survey about the environment in exchange for Air Miles and were asked to agree or disagree with the following statements? Society has gone too far in granting gays and lesbians equal rights. Society has gone too far in providing equal rights to minorities. Acts of civil…
[ad_1] Another of Canada’s largest business groups is warning that Ottawa needs to act now to lower corporate taxes or risk a continued exodus of investment and jobs to the United States. The Canadian Manufacturers and Exporters, which represents 2,500 companies, released a report this week that paints a bleak picture of the business landscape in this…
[ad_1] BEIJING/CHICAGO (Reuters) – U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. FILE PHOTO: Nick Johnson harvests cranberries in a bog at Gilmore…
[ad_1] FRANKFURT (Reuters) – German luxury carmaker Daimler (DAIGn.DE) cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry. FILE PHOTO: Mercedes S-Class (S-Klasse) cars park at the final quality check at the production line…
[ad_1] NEW YORK (Reuters) – U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June…
[ad_1] (Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer. The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert Murdoch, who…
[ad_1] BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at…
[ad_1] BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at the commerce ministry in Beijing, China, June…
[ad_1] SYDNEY (Reuters) – Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude. FILE PHOTO: A man walks past electronic boards showing…
[ad_1] BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at the commerce ministry in Beijing, China, June…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp. The logo of China’s ZTE Corp is seen at the lobby of ZTE Beijing research…
[ad_1] BEIJING (Reuters) – China could hit back at U.S. firms listed on the Dow Jones Industrial Average .DJI if U.S. President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid The Global Times said on Thursday. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] BERKELEY COUNTY, South Carolina (Reuters – Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state. “If you have trade barriers and restrictions, we cannot create…
[ad_1] SYDNEY (Reuters) – Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply. FILE PHOTO: A man walks past electronic boards…
[ad_1] BEIJING (Reuters) – Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said. FILE PHOTO: A visitor takes pictures of a Toyota concept car during a media preview of the Auto China 2018…
[ad_1] (Reuters) – Restoring the U.S. Export-Import Bank’s full lending powers is vital to the country’s economic growth and shrinking trade deficits, planemaker Boeing Co (BA.N) said on Wednesday after President Donald Trump nominated Kimberly Reed as the trade bank’s president. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo.…
[ad_1] NEW YORK (Reuters) – The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered. The Dow Jones Industrial Average fell 42.41 points, or 0.17 percent,…
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018.…
[ad_1] NEW YORK (Reuters) – Well-regarded surgeon and author Atul Gawande, a critic of his industry’s medical practices, will lead the new company being formed by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co that aims to cut U.S. employee healthcare costs, the companies said on Wednesday. FILE PHOTO: The logo of Amazon…
[ad_1] Apple is getting into business with the prestigious Sesame Workshop. The company is giving a multiple-series order to the Emmy-winning non-profit organization, it announced on Wednesday. The shows, to include live-action and animated series, will be part of a slate of children’s programming for Apple’s upcoming streaming service. The long-running Sesame Street program, which airs…
[ad_1] Canada’s main stock index closed at a record high Wednesday, boosted by a broad-based rally let by healthcare, energy, and consumer staples stocks. The S&P/TSX composite index closed up 104.42 points at 16,420.95, topping its previous record of 16,412.94 set January 4, 2018. The index also set an intra-day record, trading as high as…
[ad_1] Prime Minister Justin Trudeau announced today that Canadians will be able to consume marijuana recreationally without criminal penalties starting on Oct. 17, 2018. Trudeau revealed the date during question period in the House of Commons. “We work in partnership with the provinces, and since we’ve passed these measures in Parliament we’ve been listening to the provinces…
[ad_1] Facebook’s Instagram service is loosening its restraints on video in an attempt to lure younger viewers away from YouTube when they’re looking for something to watch on their smartphones. The expansion announced Wednesday, dubbed IGTV, will increase Instagram’s video time limit from one minute to 10 minutes for most users. Accounts with large audiences…
[ad_1] (Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard. FILE PHOTO: A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017. REUTERS/Dado Ruvic/Illustration/File Photo…
[ad_1] Major U.S. airlines are telling the White House that they don’t want to participate in any transportation of migrant children who have been separated from their parents at border crossings. In a statement Wednesday, American Airlines said it doesn’t know whether any migrant children have been on its flights, but it doesn’t want to profit from…
[ad_1] The mouse is chasing the fox. Disney is offering more than $71 billion US for Fox’s entertainment businesses in a counterbid to Comcast’s nearly $66 billion US offer . The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. They are amassing ever more programming to better compete with…
[ad_1] Email marketing startup Stensul is announcing that it has raised $7 million. Stensul spun out of founder and CEO Noah Dinkin’s previous company FanBridge. Dinkin explained via email that the startup isn’t competing with the big email service providers — in fact, it integrates with ESPs including Salesforce Marketing Cloud, Oracle Marketing Cloud, Adobe…
[ad_1] PARIS (Reuters) – The head of Boeing (BA.N) jetliner sales said on Wednesday he was confident a possible new mid-market jet with the potential to carve out new routes would be ready to enter service in 2025, but stressed the planemaker would not be rushed into a decision. FILE PHOTO: Ihssane Mounir, then senior…
[ad_1] Beamery, a London-based startup that offers self-styled “talent CRM”– aka ‘candidate relationship management’ — and recruitment marketing software targeted at fast-growing companies, has closed a $28M Series B funding round, led by EQT Ventures. Also participating in the round are M12, Microsoft’s venture fund, and existing investors Index Ventures, Edenred Capital Partners and Angelpad Fund.…
[ad_1] (Reuters) – Deutsche Bank AG (DBKGn.DE) has agreed to pay a fine of $205 million for violations of New York’s banking laws, the state’s department of financial Services said on Wednesday. FILE PHOTO: People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018.…
[ad_1] VIENNA (Reuters) – Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production. The Organization of the Petroleum Exporting Countries meets on Friday to decide output…
[ad_1] BRUSSELS (Reuters) – The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday. FILE PHOTO: U.S. and European Union flags are pictured during the visit…
[ad_1] Sears Canada pensioners have been dealt another financial setback. The company that took over the defunct retailer’s pension plan says former employees have been getting paid too much — and now they have to pay it back. When Sears Canada closed its doors for good last fall, retirees were told the plan was underfunded by…
[ad_1] Canada’s second largest cannabis company plans to place its U.S. assets into a new separate company that will focus on investing in the cannabis and real estate sector there. TSX-listed Aurora Cannabis said Wednesday it plans to distribute units of its subsidiary Australis Capital Inc. to shareholders in the near future. Canadian residents who own…
[ad_1] Commerce Secretary Wilbur Ross testifies in Washington [ad_2] Source link
[ad_1] Nginx, the commercial company behind the open source web server, announced a $43 million Series C investment today led by Goldman Sachs Growth Equity. NEA, which has been on board as an early investor is also participating As part of the deal, David Campbell, managing director at Goldman Sachs’ Merchant Banking Division will join…
[ad_1] (Reuters) – U.S. stocks looked set for a bounce on Wednesday after being battered in the past few sessions following a rapid escalation in trade tensions between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 19, 2018. REUTERS/Brendan McDermid Markets…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) shares fell 4 percent on Wednesday after a dim sales forecast from the U.S. coffee chain prompted Wall Street analysts to question the sustainability of its growth at home and next biggest market China. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport…
[ad_1] (Reuters) – Canadian plane and train maker Bombardier Inc (BBDb.TO) said on Wednesday that Delta Air Lines Inc (DAL.N) has signed an agreement to buy 20 CRJ900 regional jets with its new Atmosphere cabin design. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and…
[ad_1] (Reuters) – Canadian plane and train maker Bombardier Inc (BBDb.TO) said on Wednesday that Delta Air Lines Inc (DAL.N) has signed a purchase agreement for 20 CRJ900 aircraft, in a deal valued at about $961 million. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus…
[ad_1] HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. People visit a Xiaomi store in Beijing, China…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus at the Japanese tech and telecoms conglomerate. FILE PHOTO: An employee works behind a logo of…
[ad_1] LONDON (Reuters) – World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average…
[ad_1] TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport…
[ad_1] Business leaders have repeatedly warned that U.S. President Donald Trump’s global trade war will hurt, not help, most U.S. companies. So why haven’t we seen markets swoon? Yesterday, many shares, including automotive companies, were down sharply. Asian stocks fell too as the U.S. and China upped their trade war threats. But some experts say if U.S.…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) CEO Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus underway at the Japanese telecoms and tech group. FILE PHOTO: An employee works behind a logo…
[ad_1] HONG KONG (Reuters) – Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. FILE PHOTO: The logo of China’s ZTE Corp is seen on the building of ZTE Beijing…
[ad_1] SHANGHAI (Reuters) – Asian stock markets picked up steam in afternoon trade on Wednesday after a wobbly morning session, highlighting the lingering anxiety and uncertainty surrounding a heated trade dispute between China and the United States. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage…
[ad_1] PARIS (Reuters) – Sanofi missed the boat on immune system-boosting cancer drugs. Now it’s trying to catch up. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau The French drugmaker has hired John Reed, the former top scientist at…
[ad_1] (Reuters) – Twenty-First Century Fox Inc’s board is set to decide on Wednesday whether to entertain Comcast Corp’s $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co , people familiar with the matter said. [ad_2] Source link
[ad_1] (Reuters) – General Electric Co’s (GE.N) expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate. FILE PHOTO: The logo of General Electric Co. is pictured at the Global…
[ad_1] SHANGHAI (Reuters) – China’s stock markets slumped on Wednesday, extending a rout from the previous day as the prospect of a full-blown Sino-U.S. trade war put a dampener on the rest of Asian equities, even as they managed a modest bounce. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the…
[ad_1] KUALA LUMPUR (Reuters) – Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. President Donald Trump’s protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system. A man stands on the Bund in front of Shanghai’s financial district of Pudong in Shanghai, China…
[ad_1] (Reuters) – Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the…
[ad_1] SHANGHAI (Reuters) – Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport…
[ad_1] LOS ANGELES/NEW YORK (Reuters) – FedEx Corp (FDX.N) reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company’s operating units. FILE PHOTO: A Fedex truck makes deliveries and pick-ups in the Back Bay in Boston, Massachusetts, U.S., June 18, 2018. REUTERS/Brian Snyder Shares…
[ad_1] SHANGHAI (Reuters) – Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war drove down bond yields, and share and commodity prices. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in…
[ad_1] (Reuters) – General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse. FILE PHOTO: The…
[ad_1] DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services. FILE PHOTO: The Michigan Central Train depot sits vacant…
[ad_1] (Reuters) – Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the…
[ad_1] Canada’s low-cost air travel market will get a bit more crowded tomorrow as WestJet’s discount line, Swoop, takes to the skies. A pink and white Boeing 737 with 189 seats on board is scheduled to take off from Hamilton in the morning and land in Abbotsford, B.C., officially marking the maiden voyage of Canada’s newest ultra-low-cost carrier (ULCC).…
[ad_1] (Reuters) – Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios. FILE PHOTO: The water tank of The Walt Disney Co Studios is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni/File Photo Jennifer Lee will…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of…
[ad_1] (Reuters) – Business software maker Oracle Corp (ORCL.N) reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business. FILE PHOTO: The sign outside Oracle’s offices in Broomfield, Colorado, U.S., March 15, 2017. REUTERS/Rick Wilking/File Photo The company’s net income rose to $3.41 billion, or 82 cents…
[ad_1] WASHINGTON (Reuters) – The newly appointed head of the Federal Deposit Insurance Corporation (FDIC) said on Tuesday said she plans to review the decades-old system for measuring lenders’ financial health, which banks say is outdated. FILE PHOTO: Jelena McWilliams, nominee to be chairperson of the Federal Deposit Insurance Corporation, speaks during a Senate Banking…
[ad_1] WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers. The growing U.S. trade…
[ad_1] The recent tariff dispute between Canada and U.S. has sparked a renewed social media call to boycott stores carrying Trump family merchandise. However, the campaign may be fruitless, according to some business strategy experts. They say not only do boycotts not tend to work, but also, goods associated with the family of U.S. President Donald…
[ad_1] HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers. The 85-10 bipartisan vote marked one…
[ad_1] Meet Riskified, an Israel-based startup that has raised $64 million in total to fight online fraud. The company has built a service that helps you reject transactions from stolen credit cards and approve more transactions from legitimate clients. If you live in the U.S., chances are you know someone who noticed a fraudulent charge…
[ad_1] MUNICH (Reuters) – Volkswagen (VOWG_p.DE) suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe. Audi said Stadler, 55, had requested to temporarily step down from his position, and named sales executive Abraham Schot…
[ad_1] WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers. The threat of a…
[ad_1] Since Google Hire launched last year it has been trying to make it easier for hiring managers to manage the data and tasks associated with the hiring process, while maybe tweaking LinkedIn while they’re at it. Today the company announced some AI-infused enhancements that they say will help save time and energy spent on…
[ad_1] (Reuters) – U.S. stocks slumped and the Dow Jones Industrial Average erased its gains for the year on Tuesday, as a sharp escalation in U.S.-China trade dispute jolted the markets and triggered a rush to safer assets. President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff…
[ad_1] Global stock markets slumped Tuesday after President Donald Trump threatened to put tariffs on another $200 billion US in imports from China, and the Chinese government said it would retaliate, bringing tensions between the world’s two largest economies closer to a boil. The Dow Jones industrial average lost 349 points, or 1.4 per cent, while the S&P/TSX…
[ad_1] BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world’s two biggest economies. Trump’s move on Monday,…
[ad_1] (Reuters) – U.S. stocks slumped on Tuesday, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China. A trader works on the floor of the New York Stock Exchange shortly after the opening bell…
[ad_1] Customer experience management is about getting to know your customer’s preferences in an online context, but pulling that information into the real world often proves a major challenge for organizations. This results in a huge disconnect when a customer walks into a physical store. This morning, Cisco announced it has bought July Systems, a…
[ad_1] (Reuters) – U.S. stocks opened lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened worries that tit-for-tat tariffs could spiral into a trade war. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., June…
[ad_1] VIENNA/MOSCOW (Reuters) – Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran. FILE PHOTO: An oil pump is seen operating in the Permian…
[ad_1] Competition is heating up for Canada’s most price-sensitive travellers as WestJet Airlines gears up to launch the country’s second ultra-low cost airline Wednesday. Swoop, an offshoot of WestJet Airlines, will make its maiden flight on its pink and white aircraft before the sun rises in Hamilton, Ont. on a trip to Abbotsford, B.C. “From…
[ad_1] LONDON (Reuters) – Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/Remote The yuan…
[ad_1] MUNICH (Reuters) – The supervisory board of Audi (NSUG.DE) has suspended Chief Executive Rupert Stadler and appointed Dutchman Bram Schot as an interim replacement, a source familiar with the matter said on Tuesday. FILE PHOTO: Rupert Stadler, CEO and Chairman of the Board of Management of Audi, attends the “AI for Good” Global Summit…
[ad_1] MUNICH (Reuters) – Volkswagen (VOWG_p.DE) bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the carmaker’s Audi brand, sources familiar with the matter said on Tuesday. FILE PHOTO: Audi CEO Rupert Stadler attends company’s annual news conference in Ingolstadt,…
[ad_1] While Henrique Dubugras and Pedro Franceschi were giving up on their augmented reality startup inside Y Combinator and figuring out what to do next, they saw their batch mates struggling to get even the most basic corporate credit cards — and in a lot of cases, having to guarantee those cards themselves. Brex, their new startup, …
[ad_1] VIENNA (Reuters) – Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest…
[ad_1] MUNICH (Reuters) – Audi’s (NSUG.DE) board of directors will resume talks on Tuesday to address a leadership crisis at Volkswagen’s (VOWG_p.DE) most profitable brand, sources familiar with the matter said, following Audi chief Rupert Stadler’s arrest. FILE PHOTO: Audi CEO Rupert Stadler attends company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest economies. Trump’s latest move, as Washington fights trade battles on several fronts, was unexpectedly swift…
[ad_1] Donald Trump’s threat to slap tariffs on Canadian cars and car parts could cost the country up to 160,000 jobs, especially if Canada retaliates, TD Bank warns. In a report Monday, senior economist Brian DePratto crunched some numbers on the economic impact of a 10 per cent tariff on car parts, and a stiffer 25…
[ad_1] ZURICH/LONDON (Reuters) – Swiss drugmaker Roche (ROG.S) is paying $2.4 billion to buy the rest of Foundation Medicine (FMI) (FMI.O), raising its bet on the U.S. genomic profiling group’s ability to personalize cancer care. The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann The…
[ad_1] TOKYO (Reuters) – Asian stocks sank on Tuesday and Shanghai shares plunged to near two-year lows as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei average outside a…
[ad_1] TOKYO (Reuters) – A sell-off in Chinese stocks drove Asian equities to a four-month low on Tuesday, as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies. FILE PHOTO: A man looks at an electronic board showing Japan’s Nikkei average outside…
[ad_1] ZURICH (Reuters) – Swiss drugmaker Roche Holding AG (ROG.S) has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI) (FMI.O), a $2.4 billion transaction that values the U.S. genomic profiling group at $5.3 billion, the partners said on Tuesday. The logo of Swiss drugmaker Roche is seen at its…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated. FILE PHOTO: FILE PHOTO: The label of a Washington D.C. sweatshirt bears a U.S.…
[ad_1] BERLIN (Reuters) – Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society. People visit an exhibition about demografic change called ‘Ey Alter’ by carmaker Mercedes Benz in Berlin, Germany June 5, 2018.…
[ad_1] SYDNEY (Reuters) – An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties. FILE PHOTO: A customer stands underneath an illuminated Apple logo as he looks out the…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated. FILE PHOTO: FILE PHOTO: The label of a Washington D.C. sweatshirt bears…
[ad_1] (Reuters) – Intel Corp, the world’s biggest chipmaker by revenue and a prominent U.S. manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by U.S. President Donald Trump by shifting its production among its facilities, analysts said Monday. FILE PHOTO: The Intel logo is shown at E3, the…
[ad_1] TOKYO (Reuters) – Asian stocks extended a global downturn on Tuesday, while the safe-haven yen rose as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial markets. FILE PHOTO: A man looks at an electronic board showing…
[ad_1] (Reuters) – President Donald Trump told Apple Inc Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations. FILE PHOTO: A attendee uses a new iPhone X during a presentation for the media…
[ad_1] U.S. President Donald Trump threatened on Monday to impose a 10 per cent tariff on $200 billion US of Chinese goods, escalating trade tensions with Beijing. In a statement, Trump said he had asked the U.S. trade representative to identify the Chinese products to be subject to the new tariffs. He said the move…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. U.S. President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington, U.S., June 18,…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk accused an employee of “extensive and damaging sabotage” to the company’s operations in an email sent on Monday to company employees. FILE PHOTO: SpaceX founder Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the matter. FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. February 10, 2015. REUTERS/Jim Young/File Photo The…
[ad_1] NEW YORK (Reuters) – The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs. U.S. President Donald Trump said last week he was pushing ahead with tariffs on $50 billion of Chinese…
[ad_1] NEW YORK (Reuters) – A Wendy’s (WEN.O) restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online. FILE PHOTO: A Wendy’s Co restaurant is pictured in Monrovia, California November 4, 2015. REUTERS/Mario Anzuoni The Facebook video was filmed at a Wendy’s…
[ad_1] NEW YORK (Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. FILE PHOTO: Fujifilm Holdings’ logos are pictured ahead of its news conference in…
[ad_1] WASHINGTON (Reuters) – JPMorgan Chase Bank NA JPM_pd.N will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co…
[ad_1] Saputo Inc., one of Canada’s largest dairy companies, wants to end a domestic milk ingredient pricing system that has angered the United States, chief executive Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country’s sheltered dairy farmers. The Class 7 pricing agreement, struck in 2016 between Canadian…
[ad_1] For Canadians with mounting consumer debt, it may be useful to know that when you die, your surviving family members won’t be required to pay unpaid bills such as credit card debt. This may not be a wise long-term financial strategy, but B.C. notary Ron Usher noted that if there are not enough assets in…
[ad_1] Finance Minister Bill Morneau wasn’t in a conflict of interest when he introduced a pension bill in the House of Commons while he still owned shares in his family’s pension services company, according to the ethics commissioner. The opposition benches insisted Morneau could personally benefit from Bill C-27, which seeks to amend the Pension Benefits Standards Act, because…
[ad_1] By placing all the information about services or complex manufacturing and assembly processes on a private, permissioned blockchain, the idea is that a company can create an “immutable” audit trail of data. When you think about it, currently this involves a labor-intensive combination of paper and networks. But initial trials with private blockchains in…
[ad_1] Baytex Energy Corp. and Raging River Exploration Inc. have signed a $2.8-billion deal to merge in a bid to boost the companies’ East Duvernay Shale operations in Alberta. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a…
[ad_1] At least 25 per cent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations. Recycled plastics – such as from fishing nets or old bottles in car dashboards or carpets, would not…
[ad_1] Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd., a subsidiary of the BAIC Group, are expected to take over an existing BAIC manufacturing facility where the first production vehicles are…
[ad_1] BRUSSELS (Reuters) – It is too early to judge Google’s (GOOGL.O) reforms in response to an antitrust case over online shopping, though there are signs some rivals are benefiting, Europe’s competition chief said on Monday. The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25,…
[ad_1] Disney is warning theatregoers with epilepsy not to watch its latest summer blockbuster because several scenes in the movie can trigger seizures because of repeating bright flashing lights. The animated movie Incredibles 2 opened last weekend at No. 1, grossing more than $180 million US worldwide. The sequel to the 2004 original includes several scenes involving…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud. FILE PHOTO:…
[ad_1] LONDON (Reuters) – Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute. Fears the spat between the world’s two largest economies could intensify added to pressure on oil prices, which extended Friday’s…
[ad_1] FRANKFURT (Reuters) – German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might…
[ad_1] If an end to Canada’s supply management system for some agricultural products is part of the U.S. NAFTA agenda, it appears no one has told Agriculture Secretary Sonny Perdue. Supply management, particularly for dairy products, has been a target for President Donald Trump’s tweets regarding NAFTA. Perdue was meeting with Canadian Agriculture Minister Lawrence…
[ad_1] Shares of Canada Goose Holdings Inc. soared more than 30 per cent on Friday after it reported stronger-than-expected earnings and announced plans for three new stores in North America. Canada Goose shares closed up $18.02 to $78.01 on the Toronto Stock Exchange. The increase came as the luxury parka maker reported a fourth-quarter profit of $8.1 million or seven cents…
[ad_1] Donald Trump’s weapon of choice in the trade standoff between Canada and the U.S. has, up to this point, been tariffs. The president has most recently put the crosshairs on vehicles, and should Canada be slapped with more tariffs, workers and consumers could be the biggest losers. Last week, as he was en route…
[ad_1] German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls. The move follows a search last week of Stadler’s private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. “Audi CEO Rupert…
[ad_1] Abandoned farm buildings dotted across the rural landscape are a poignant symbol of the power of market forces to transform the Canadian economy. And transform Canadian lives. As farms got bigger and bigger, more and more farmers left the land, leaving the buildings behind to crumble. Inevitably, the once-thriving market towns they supported faded,…
[ad_1] Aeroplan promises a new beginning, but that hasn’t quelled fears among members about its future after Air Canada cuts ties with the rewards program in 2020. To drum up excitement and confidence, Aeroplan recently launched an ad campaign, telling its almost five million members that it will “transform travel planning” into “an extraordinary experience.” But…
[ad_1] Abandoned farm buildings dotted across the rural landscape are a poignant symbol of the power of market forces to transform the Canadian economy. And transform Canadian lives. As farms got bigger and bigger, more and more farmers left the land, leaving the buildings behind to crumble. Inevitably, the once-thriving market towns they supported faded,…
[ad_1] The CRM industry is now estimated to be worth some $4 billion annually, and today a startup has announced a round of funding that it hopes will help it take on one aspect of that lucrative pie, customer support. Kustomer, a startup out of New York that integrates a number of sources to give…
[ad_1] SHANGHAI (Reuters) – Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s…
[ad_1] BERLIN (Reuters) – Lufthansa (LHAG.DE) is in contact with Norwegian Air Shuttle (NWC.OL), also the subject of bid interest from British Airways owner IAG (ICAG.L), the German group’s chief executive told a German daily. FILE PHOTO: Flags with the German airline Lufthansa sign flutter next to the office building in Frankfurt, Germany March 15,…
[ad_1] MEXICO CITY (Reuters) – Billionaire Carlos Slim has had harsh words for Mexico’s presidential frontrunner, saying recently he is “concerned and afraid” about what leftist Andres Manuel Lopez Obrador might do if elected. FILE PHOTO: Mexico City mayor Andres Manuel Lopez Obrador (C) points as Mexican President Vicente Fox (R) listens during a tour…
[ad_1] SINGAPORE (Reuters) – Google will invest $550 million in Chinese e-commerce powerhouse JD.com (JD.O), part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com (AMZN.O). FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June…
[ad_1] OSLO (Reuters) – At least 25 percent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations. FILE PHOTO: Hakan Samuelsson, President and CEO of Volvo Car Corporation, speaks at the Los Angeles…
[ad_1] TOKYO/SYDNEY (Reuters) – Asian shares fell on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018. REUTERS/Toru Hanai…
[ad_1] NEW YORK (Reuters) – Mellanox Technologies Inc (MLNX.O), a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday. FILE PHOTO: The logo of Mellanox Technologies is seen…
[ad_1] TOKYO (Reuters) – Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018.…
[ad_1] LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS), the world’s second-biggest advertiser, is cutting ties with digital media “influencers” that buy followers, saying it wants to help make advertising more transparent. The logo of the Unilever group is seen at the Miko factory in Saint-Dizier, France, May 4, 2016. REUTERS/Philippe Wojazer With big…
[ad_1] HONG KONG (Reuters) – Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian economies that wouldn’t mind seeing their currencies weaken. FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September…
[ad_1] A new analysis of escalating trade disputes involving the United States warns that a deterioration into an all-out, global trade war would knock North America’s economies into recession. The report by Scotiabank said if the U.S. breaks all trade ties with its partners — and imposes across-the-board tariffs that average 20 per cent —…
[ad_1] LONDON (Reuters) – Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual…
[ad_1] BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd (1121.HK) has announced a recall of over 10,000 cars equipped with accident-prone Takata airbag inflators, state news agency Xinhua reported on Sunday. FILE PHOTO – A logo of BYD is painted inside an assembly line of the automobile maker in Shenzhen, China May 25,…
[ad_1] PARIS (Reuters) – U.S. company General Electric (GE.N) should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday. The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne,…
[ad_1] Much of the global business community watched, listened and read U.S. president Donald Trump’s comments during and following the G7 summit last week and for a Calgary business analyst, it was the last straw. “It certainly feels like a trade war,” Ashleigh Hislop told CBC News Friday. “A trade cold war maybe? I think…
[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. Koodo wants to eliminate paper bills Telus’s discount wireless brand is shifting entirely to e-billing, but customers are defending the use of snail mail. The Public Interest Advocacy Centre and the National…
[ad_1] Four years ago, I had a butter epiphany. My family was planning a trip to France and before we left, a foodie friend told me that I had to try French butter. Of all the possible foods to try in France, it seemed an odd recommendation. After all, butter is butter, right? That turned out to be…
[ad_1] PARIS (Reuters) – The former head of France Telecom Didier Lombard, six other executives and telecoms operator Orange (ORAN.PA) have been ordered to stand trial over their alleged role in a wave of staff suicides. FILE PHOTO: France Telecom’s outgoing CEO Didier Lombard attends a news conference in Paris February 25, 2010. REUTERS/Benoit Tessier/File…
[ad_1] SHANGHAI (Reuters) – Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. FILE PHOTO – Visitors are seen at a Foxconn booth at the World Intelligence Congress in Tianjin, China May 19, 2018. Picture taken May…
[ad_1] LONDON (Reuters) – A division of Germany’s Siemens (SIEGn.DE) has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube. A man takes a picture of the cockpit of a Desiro City passenger…
[ad_1] Canada’s recreational boating industry says it’s bracing for big losses if proposed countermeasures against American tariffs go ahead on July 1. On Wednesday, the National Marine Manufacturers Association Canada, which represents the recreational boating industry, wrote a two-page letter to Prime Minister Justin Trudeau. It asked that the federal government remove four tariffs that…
[ad_1] Henry Pedro learned something about bauxite mining in a university engineering class that ended up influencing an important decision he had to make in his career as a brewer. Educated as a chemical engineer, Pedro spent most of his adult life in maintenance engineering until 2013, when he co-founded Boxing Rock Brewing in Shelburne, N.S. All breweries…
[ad_1] MUMBAI (Reuters) – The Singapore Exchange (SGX) (SGXL.SI) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India’s National Stock Exchange (NSE). FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su/File…
[ad_1] John Wildenborg had just settled into the new home for his decades-old shop, Master Meats. He’d found a great location — an airy space with room for both his stock and keepsakes, which includes mementos from when he taught actors on the TV crime drama Fargo how to handle a cleaver. Then the phone rang. It was Wildenborg’s leasing agent with some news. “He said,…
[ad_1] U.S. President Donald Trump isn’t playing around — and Canada should brace itself for new tariffs on autos, U.S. Congressman Kevin Cramer warned this week. “We have to take him at his word,” Cramer, a Republican from North Dakota, told CBC Radio’s The House on Friday. Trump simultaneously withdrew his government’s approval of the G7 communiqué and floated the idea of slapping…
[ad_1] NEW YORK (Reuters) – Chicago-based planemaker Boeing Co (BA.N) said it is assessing the possible impacts of U.S. tariffs on Chinese goods and any reciprocal action it could trigger on the manufacturer’s supply chain and commercial business. The Boeing building is seen next to Boeing Field in Seattle, Washington, U.S., March 26, 2018. REUTERS/Lindsey…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions. The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson The European Commission said the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record. FILE PHOTO: Shipping containers, including…
[ad_1] (Reuters) – AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company. FILE PHOTO: Chief Executive Officer of AT&T Randall Stephenson arrives…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than…
[ad_1] (Reuters) – The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc (AAPL.O) infringed at least one of Qualcomm Inc’s (QCOM.O) patents, a move that could lead to blocking the import of some iPhones. FILE PHOTO: A woman looks at the screen of her mobile…
[ad_1] DUBAI (Reuters) – Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday. The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September…
[ad_1] OTTAWA (Reuters) – Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday. A truck carrying logs heads toward the Canada border in…
[ad_1] (Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. FILE PHOTO: Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting…
[ad_1] NEW YORK (Reuters) – Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. Trump, whose hardline stance on trade has led him to wrangle with…
[ad_1] (Reuters) – Wall Street stocks were down marginally on Friday after the United States announced hefty tariffs on Chinese imports and China vowed to respond in kind, stoking investor worries over an escalating tit-for-tat trade dispute. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] McDonald’s said Friday it will switch to paper straws at all its locations in the United Kingdom and Ireland and test an alternative to plastic ones in some of its U.S. restaurants later this year. The burger chain and other fast-food companies are facing increasing pressure from customers and environmental activists to stop using plastic…
[ad_1] Apple says it has reached a multi-year deal with Oprah Winfrey to create original programs for its streaming service. Apple said Friday the programs will be released worldwide as part of a lineup of original content. Apple has yet to launch its service, whose major competitors will include Amazon and Netflix. Winfrey founded and…
[ad_1] A surprising drop in Canada’s key manufacturing sales in April after two consecutive months of increases is leading some economists to cut their growth forecasts for the country in the second quarter. Manufacturing sales unexpectedly fell 1.3 per cent to $56.2 billion in April from the previous month, according to data from Statistics Canada, released Friday. Analysts were forecasting…
[ad_1] HOUSTON (Reuters) – When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn. FILE PHOTO: An electronic display identifies the post that trades SandRidge Energy stock on the floor of…
[ad_1] (Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world’s two largest economies. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] Mike Malott has survived massive turmoil during his nearly 20 years as an automotive worker here in the heart of the Canadian industry — but now that his livelihood is in the crosshairs of a United States president who appears hell-bent on restricting cross-border trade, he is frightened. The 43-year-old assembly line worker and…
[ad_1] Adobe reported its Q2 FY’18 earnings yesterday and the news was quite good. The company announced $2.2 billion in revenue for the quarter up 24 percent year over year. That puts them on an impressive $8.8 billion run rate, within reach of becoming the next $10 billion software company (or at least on a…
[ad_1] Home sales in Canada are projected to slide by 11 per cent this year, according to a new forecast by a national real estate group. In a mid-year update to its market outlook released Friday, the Canadian Real Estate Association (CREA) said resales of homes this year via the Multiple Listing Service (MLS) is now seen…
[ad_1] A Japanese Farm Ministry official said on Friday it has suspended its tender and sale of wheat from Canada after grain containing a genetically modified trait was discovered last summer in Alberta. The Canadian Food Inspection Agency (CFIA) said Thursday the wheat containing a genetically modified trait, developed by Monsanto Co. to tolerate the Roundup weed…
[ad_1] Canada Goose Holdings Inc. announced it plans to open three new stores in North America this fall as part of its retail expansion plan. The stores will be in Short Hills, N.J., Montreal and Vancouver. The locations are expected to open ahead of the 2018 holiday shopping season. The store announcement came as the…
[ad_1] If an end to Canada’s supply management system for some agricultural products is part of the American NAFTA agenda, it appears no one has told U.S. Agriculture Secretary Sonny Perdue about it. Supply management, particularly for dairy products, has been a target for President Donald Trump’s tweets regarding NAFTA. Perdue is meeting with Canadian…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures. FILE PHOTO: A staff member walks past U.S. and…
[ad_1] (Reuters) – U.S. stock index futures fell on Friday as the Trump administration prepared to impose tariffs on Chinese goods worth $50 billion that could trigger a countermove from Beijing and escalate trade tensions between the two largest economies. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] NEW YORK (Reuters) – The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners. FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo Fund managers from…
[ad_1] (Reuters) – Six former and current employees of Fitbit Inc (FIT.N) were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday. FILE PHOTO: The ticker symbol for Fitbit is displayed at the post where it is traded on the…
[ad_1] BEIJING (Reuters) – China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods. FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port…
[ad_1] LONDON (Reuters) – World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of Chinese goods targeted in a first round of announced tariffs by the United States. FILE PHOTO: The German share price index,…
[ad_1] FRANKFURT (Reuters) – Volkswagen Truck & Bus on Friday appointed mergers and acquisitions specialist Christian Schulz as its new finance chief, as the division seeks to tap capital markets to fund an expansion plan which could result in the acquisition of rival Navistar. FILE PHOTO: Mechanic staff work on the production line of Volkswagen…
[ad_1] HONG KONG (Reuters) – Shares of ZTE Corp (0763.HK) (000063.SZ) plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week. FILE PHOTO: A woman stands outside a building of ZTE Beijing research and development…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said. FILE PHOTO: Security guards walk in front of containers…
[ad_1] China says it would respond quickly to protect itself if the United States hurts its interests, as U.S. President Donald Trump gets ready to unveil revisions to his initial tariff list targeting $50 billion US of Chinese goods. Chinese foreign ministry spokesperson Geng Shuang made the comments at a daily news briefing. Trump is…
[ad_1] LONDON (Reuters) – McDonald’s will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC reported on Friday. FILE PHOTO: The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson “Reflecting the broader public…
[ad_1] BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors (NXPI.O), three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego,…
[ad_1] WASHINGTON (Reuters) – A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,…
[ad_1] MELBOURNE (Reuters) – After spending a decade and billions of dollars developing Australia’s vast gas reserves, U.S. energy giant Chevron Corp and local firm Woodside Petroleum are at odds over the pace and timing of the next leg of expansion. FILE PHOTO: The logo of Chevron Corp is seen in its booth at Gastech,…
[ad_1] TOKYO (Reuters) – The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signalled it will keep interest rates at record lows well into next year. FILE PHOTO: An employee shows fifty-euro notes in a bank in Sarajevo, March 19, 2012. REUTERS/Dado Ruvic/File Photo…
[ad_1] WASHINGTON (Reuters) – With the world’s two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold. FILE PHOTO: The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo For…
[ad_1] (Reuters) – For U.S. media companies and investors, it was the ruling of the decade. Smartphone with AT&T logo is seen in front of displayed Time Warner logo in this picture illustration taken June 13, 2018. REUTERS/Dado Ruvic/Illustration A federal judge in Washington had sole power to decide whether telecoms company AT&T Inc could…
[ad_1] TOKYO (Reuters) – Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] TOKYO (Reuters) – The euro was headed on Friday for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year. A money changer counts Euro banknotes at a currency exchange office in Nice, France November 17, 2017. REUTERS/Eric…
[ad_1] WASHINGTON (Reuters) – AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after it reached an agreement with U.S. antitrust regulators. Coaxial TV Cables are seen in front of AT&T and Time Warner logos in this picture illustration taken June 13, 2018.…
[ad_1] SAO PAULO (Reuters) – Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early play for the world’s fourth-largest beauty market. Amazon is keen to get a piece of…
[ad_1] WASHINGTON (Reuters) – AT&T Inc may close its $85 billion deal to buy Time Warner Inc under an agreement reached on Thursday with the U.S. government, which might still appeal a case seen as a turning point for the media industry. Coaxial TV Cables are seen in front of AT&T and Time Warner logos…
[ad_1] (Reuters) – Chinese regulators have approved Qualcomm Inc’s (QCOM.O) proposed merger with NXP Semiconductors (NXPI.O), South China Morning Post reported on Thursday, citing people with knowledge of the matter. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo The decision by China’s…
[ad_1] (Reuters) – Adobe Systems Inc (ADBE.O) topped analysts’ profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud. An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo Adobe’s shares, which…
[ad_1] WASHINGTON (Reuters) – The U.S. government and AT&T Inc agreed on Thursday on conditions that would allow the wireless company to close its deal for Time Warner Inc while the Justice Department considers a potential appeal. Coaxial TV Cables are seen in front of AT&T and Time Warner logos in this picture illustration taken…
[ad_1] NEW YORK (Reuters) – The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed U.S. economic strength. Traders work on the floor of the New York Stock Exchange (NYSE) in New York…
[ad_1] (Reuters) – Adobe Systems Inc (ADBE.O) topped analysts’ profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud. An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo Revenue from Adobe’s…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network’s response to scandals about privacy and election meddling, would step down from the company after a decade. FILE PHOTO: Facebook Chief Operating Officer Sheryl Sandberg and Vice President of…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018. Traders work on the floor of…
[ad_1] Rogers Communications is cutting the size of its digital content and publishing team by about one-third. The Toronto-based company says about 75 full-time employees have been laid off, reducing the size of that team to about 150 people. Rogers says the job cuts reflect the “headwinds” faced by its industry, which has been dealing with…
[ad_1] (Reuters) – U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was still far away, even as it moved to end its 2.55 trillion euro stimulus program by the end of the year. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] Even with tensions simmering between the U.S. and Canada, Foreign Affairs Minister Chrystia Freeland said today the two countries will continue to negotiate NAFTA through the summer. Freeland capped off a brief trip to Washington with a meeting with United States Trade Representative Robert Lighthizer this morning. She said the two agreed to continue NAFTA negotiations with…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. Other data on Thursday showed a further tightening in labor market…
[ad_1] DavidsTea chief executive has resigned after the company’s shareholders voted to turf most of the existing board by electing seven nominees presented by the company’s co-founder. Chief executive Joel Silver, who was management’s face on an attempt to prevent a dissident revolt, resigned effective immediately, the company announced soon after the results were disclosed…
[ad_1] A report by Canada Mortgage and Housing Corp. says a recent drop in Ontario home prices isn’t expected to persist. It says moderate economic growth in the Greater Toronto Area and Ontario generally will provide support for provincial real estate prices in 2018 and 2019. “The current home price correction in Ontario will likely not persist…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia intends to recover all funds illicitly taken from 1Malaysia Development Berhad (1MDB), and determine whether there are grounds for claims against companies, including Goldman Sachs (GS.N), that profited from dealing with the beleaguered state fund. FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the…
[ad_1] Italy will not ratify the European Union’s free trade agreement with Canada, its new agriculture minister said on Thursday, ratcheting up an international trade spat and potentially scuppering the EU’s biggest accord in years. The Comprehensive Economic and Trade Agreement (CETA) is the first major trade deal the European Union has signed since it…
[ad_1] Canadians’ mortgage borrowing over the first three months of 2018 fell by $2 billion to $13.7 billion — the lowest level since the second quarter of 2014 — following the introduction of new lending rules and a rise in interest rates, Statistics Canada reported Thursday. The federal agency said the slide in mortgage borrowing mirrored the 17…
[ad_1] While Salesforce and Microsoft have a dominant position in the world of sales software today, there are a number of startups nipping at their heels, and today one of the more promising of them has announced a growth round to help them in the effort. Pipedrive, a startup co-headquartered in Estonia and New York…
[ad_1] LONDON (Reuters) – Rolls-Royce (RR.L) is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain’s best known engineering company more profitable and dynamic. East, a softly-spoken former tech boss, has overhauled the 134-year-old Rolls since he took charge in 2015…
[ad_1] LONDON (Reuters) – The euro fell a full cent against the dollar and government borrowing costs dropped on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year. FILE PHOTO: Euro banknotes and coins are displayed in a shop in Brussels, Belgium November 14,…
[ad_1] LONDON (Reuters) – Unilever (UNc.AS) (ULVR.L) is “extremely unlikely” to stay in Britain’s FTSE 100 blue chip share index .FTSE after the consumer products company moves its headquarters to the Netherlands. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File…
[ad_1] LONDON (Reuters) – The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus program. FILE PHOTO: Euro banknotes and coins are displayed in a shop in Brussels, Belgium November 14, 2017. REUTERS/Eric Vidal/File…
[ad_1] BRAUNSCHWEIG, Germany (Reuters) – German prosecutors could wrap up an investigation into alleged market manipulation by senior Volkswagen executives this year, the prosecutors said on Thursday, after ordering the carmaker to pay 1 billion euros to settle claims of emissions cheating. FILE PHOTO: Volkswagen sign is seen during the annual earnings news conference of…
[ad_1] LONDON (Reuters) – Oil prices steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a key meeting next week of the world’s largest exporters. FILE PHOTO: A pumpjack brings oil to the surface in the Monterey Shale, California, April…
[ad_1] BRAUNSCHWEIG, Germany (Reuters) – Prosecutors said a probe against senior Volkswagen (VOWG_p.DE) executives for market manipulation could be concluded this year, after they ordered the carmaker to pay 1 billion euros ($1.2 billion) to settle claims for emissions cheating. FILE PHOTO: Volkswagen sign is seen during the annual earnings news conference of VW in…
[ad_1] It’s a battle of tradition versus innovation: Consumer advocacy groups are taking aim at Koodo for its decision to stop offering wireless customers the option of receiving a monthly paper bill. “It was really not nice,” said 77-year-old Janette Little-Gallian, who requires a cellphone so she can text her 83-year-old deaf cousin. Since she signed up with Koodo…
[ad_1] Alberta’s economy and its politicians live and die with the fickle ebb and flow of oil prices. You could almost hear the provincial NDP holding its breath as the price of West Texas Intermediate, the North American benchmark price, slowly edged up to around $65 per barrel, which is almost 50 per cent higher than where it was a year…
[ad_1] (Reuters) – Renault SA’s (RENA.PA) Carlos Ghosn is likely to step down as chief executive of the French carmaker before the end of his term in 2022, the Financial Times reported on Thursday. FILE PHOTO: Carlos Ghosn, Chairman and CEO of Renault, speaks during the French carmaker Renault’s 2017 annual results presentation at their…
[ad_1] LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) said it would cut 4,600 jobs to save 400 million pounds a year in the latest attempt by CEO Warren East to simplify the business and generate more cash. FILE PHOTO: Warren East, CEO of Rolls-Royce, poses for a portrait at the company aerospace engineering and development site…
[ad_1] LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) said it would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business and save 400 million pounds ($536 million) a year by the end of 2020. FILE PHOTO: Warren East, CEO of Rolls-Royce, poses for a portrait at the company aerospace…
[ad_1] NEW YORK (Reuters) – With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots. FILE PHOTO: A pump jack operates at a well site leased by…
[ad_1] HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp (0763.HK)(000063.SZ) has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The logo of China’s ZTE Corp is seen on the building of ZTE Beijing…
[ad_1] (Reuters) – The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to build a high-speed underground commuter system from the Loop to O’Hare International Airport, one of the world’s busiest, media reported on Wednesday. FILE PHOTO – Elon Musk arrives to speak at Boring Company community meeting in Bel Air,…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing showed on Wednesday. FILE PHOTO: SpaceX founder Elon Musk smiles at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida,…
[ad_1] TOKYO (Reuters) – Asian shares eased on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening, while concerns about U.S.-China trade frictions kept investors on edge. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L), the Dow…
[ad_1] TOKYO (Reuters) – The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signalling two more rate hikes by year-end thanks to a solid outlook for the world’s biggest economy. FILE PHOTO: A U.S. Dollar note…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices. The company told Reuters it was aiming to protect all customers, especially in countries where phones are readily obtained by police or by criminals…
[ad_1] SINGAPORE (Reuters) – Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support. FILE PHOTO: A pumpjack brings oil to the surface in the Monterey Shale, California, April 29, 2013. REUTERS/Lucy Nicholson/File Photo Brent crude futures LCOc1, the…
[ad_1] HOUSTON (Reuters) – Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves. FILE PHOTO: A general view of the Amuay refinery complex which belongs to the Venezuelan state…
[ad_1] TOKYO (Reuters) – Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge. Federal Reserve Board Chairman Jerome Powell speaks at…
[ad_1] NEW YORK (IFR) – Comcast says it has “Highly Confident Letters” from Bank of America Merrill Lynch and Wells Fargo for its US$65bn 21st Century Fox bid. The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake A “Highly Confident Letter” is a note from…
[ad_1] LONDON (Reuters) – The use of social media networks such as Facebook (FB.O) to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found. FILE PHOTO: A 3D-printed Facebook like button is seen in front…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc (FOXA.O) away from a merger with Walt Disney Co (DIS.N), launching the first salvo with its 20 percent higher offer and setting up a bidding war between two of the largest U.S. media companies. Comcast Chief Executive Brian…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior Trump administration official said on Wednesday. FILE PHOTO: U.S. President Donald Trump boards Air Force One after his summit with North Korean…
[ad_1] Deputy governor Sylvain Leduc is leaving the Bank of Canada in late July after more than two years on the job and will start working for the Federal Reserve Bank of San Francisco, the central bank announced on Wednesday. The Bank of Canada said in a statement that Leduc will return to San Francisco with his family…
[ad_1] Comcast made a US$65 billion bid Wednesday for Fox’s entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T’s takeover of Time Warner and rejected the government’s argument that it would hurt competition in cable and satellite TV…
[ad_1] A generation after Peter Strebel’s father started a farm in 1976 with 50 Holsteins, Canada’s dairy sector is at the heart of a mounting trade war, and Strebel fears the survival of farms like his is at stake. It’s a sunny day in June, and normally Strebel would be spending every moment working in the fields on his farm in Saint-Blaise-sur-Richelieu,…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession. Federal Reserve Board Chairman Jerome Powell speaks at his news conference after the two-day meeting…
[ad_1] The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between…
[ad_1] The Canadian dollar has seen its share of volatility this year as trade tensions between the U.S. and Canada reached a fever pitch over the weekend. The currency is down more than five per cent against the U.S. dollar since hitting its highest point this year, at the end of January. Even as it moved higher on…
[ad_1] WASHINGTON/LONDON (Reuters) – U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. FILE PHOTO: A man fixes a sign with OPEC’s…
[ad_1] When Docker burst on the scene in 2013, it brought the idea of containers to a broad audience. Since then Kubernetes has emerged as a way to orchestrate the delivery of those containerized apps, but Docker saw a gap that wasn’t being addressed beyond pure container deployment that they are trying to address with…
[ad_1] The Royal Bank of Canada and WestJet are partnering on a new loyalty platform. The platform called Ampli will include merchant offers and rewards for members who spend with the bank and fly with the airline. The bank plans to release it by the end of the year and says it will announce additional…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) has been fined 1 billion euros ($1.18 billion) by public prosecutors in Germany over diesel emissions cheating and said it will accept the fine, therefore admitting responsibility for the scandal. A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel…
[ad_1] (Reuters) – Twenty First Century Fox Inc’s shares rose 8 percent to a record-high on Wednesday as an approval for AT&T’s buyout of Time Warner Inc spurred speculation that Comcast Corp would proceed with an offer for most of the media company’s assets. FILE PHOTO: An AT&T logo and communication equipment is shown on…
[ad_1] Microsoft today announced that it’s bringing a new user interface design to its Office apps like Word, Excel, PowerPoint and Outlook. This new look will be in line with the Fluent Design System the company launched last year and will roll out to both the Office.com online apps and the Office desktop tools over…
[ad_1] Roots Corp. reported a loss of $5.6 million in its fiscal first quarter, an increase from the prior year, but also reported an improvement in sales. The loss amounted to 13 cents per share, compared with last year’s loss of $5.1 million, or 12 cents per share. Its adjusted net loss was $4.5 million…
[ad_1] When Tableau was founded back in 2003, not many people were thinking about artificial intelligence to drive analytics and visualization, but over the years the world has changed and the company recognized that it needed talent to keep up with new trends. Today, it announced it was acquiring Empirical Systems, an early stage startup…
[ad_1] DETROIT (Reuters) – Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were designed to “grease the skids” in labor negotiations. FILE PHOTO:…
[ad_1] Managed by Q, the office management platform based out of NYC, today announced its acquisition of NVS. Founded by Jason Havens in 2011, NVS is an office space planning and project management service, helping businesses plan their moves or office redesigns from start to finish. The company helps connect with a network of brokers,…
[ad_1] (Reuters) – U.S. stock indexes opened little changed on Wednesday as gains in healthcare stocks offset losses in AT&T, whose $85 billion takeover of Time Warner was approved by a court. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., June 4,…
[ad_1] Suncor Energy Inc. says a fuel supply shortage that left some of its Petro-Canada stations in the four western provinces with no gasoline to pump should clear up in the next few days. Stations began running out of fuel about two weeks ago in Edmonton and Calgary, followed by some Petro-Canada outlets in Saskatchewan,…
[ad_1] Shares in ZTE Corp. fell 42 percent Tuesday in Hong Kong on their first trading day after the Chinese telecoms equipment maker agreed to pay a $1 billion US penalty to the U.S. government and replace its top managers. Shares resumed trading following a two-month suspension after Washington accused state-owned ZTE in April of…
[ad_1] Last Fall at Dreamforce, Salesforce announced a deepening friendship with Google . That began to take shape in January with integration between Salesforce CRM data and Google Analytics 360 and Google BigQuery. Today, the two cloud giants announced the next step as the companies will share data between Google Analytics 360 and the Salesforce…
[ad_1] (Reuters) – Shares of AT&T Inc fell 2 percent on Wednesday after a federal judge approved the telecom company’s $85 billion buyout of Time Warner Inc, clearing the path for more deals in a rapidly changing media industry. FILE PHOTO: An AT&T logo and communication equipment is shown on a building in downtown Los…
[ad_1] LONDON (Reuters) – World stocks hovered near one-month highs on Wednesday as an expected U.S. interest rate rise and risks of a fresh outbreak of trade tensions between China and the United States overshadowed a generally benign political and economic backdrop. The German share price index, DAX board, is seen at the stock exchange…
[ad_1] LONDON (Reuters) – Investor anger over the departure of WPP (WPP.L) boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene. FILE PHOTO: Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends…
[ad_1] LONDON (Reuters) – World stocks retreated on Wednesday from one-month highs, with investor focus turning from the U.S.-North Korea summit to an expected U.S. interest rate rise and the risk of a fresh outbreak of trade tensions between China and the United States. The German share price index, DAX board, is seen at the…
[ad_1] SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen…
[ad_1] NEW YORK (Reuters) – New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG (CSGN.S) as it tries to end an $11 billion lawsuit over risky mortgage securities. FILE PHOTO – A Credit Suisse sign is seen on…
[ad_1] When you’re on your way to a yarn festival, you don’t expect to have your mugshot and fingerprints taken while being detained by surly border guards. But that’s the very situation Heather Breadner found herself in when she tried to cross the border into New York and was turned back because the border agents…
[ad_1] HONG KONG (Reuters) – Tough measures to cool the property market in China’s resort island of Hainan have put the brakes on a real estate boom and underscore the policy risks developers and investors face as the government tries to rein in prices. FILE PHOTO: People sit on steps against a backdrop of residential…
[ad_1] TOKYO (Reuters) – Asian shares fell on Wednesday as investors braced for a Federal Reserve policy decision later in the day and any clues it might give on future rate hikes that could alter the course of global economic growth and corporate earnings. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei…
[ad_1] HONG KONG (Reuters) – Investors wiped about $3 billion off embattled Chinese telecommunications giant ZTE Corp’s (0763.HK) (000063.SZ) market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17,…
[ad_1] (Reuters) – Guess Inc (GES.N) said on Tuesday its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct. FILE PHOTO: A view of a Guess? logo outside its store in Golden, Colorado, December 3, 2014.REUTERS/Rick Wilking Marciano gave up his day-to-day…
[ad_1] (Reuters) – Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company’s president, who oversees the chip division, said. FILE PHOTO: Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES…
[ad_1] SINGAPORE (Reuters) – Toyota Motor Corp (7203.T) has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc [UBER.UL]. FILE PHOTO: A man walks past a Grab office in Singapore…
[ad_1] HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp (0763.HK) (000063.SZ) had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17,…
[ad_1] SINGAPORE (Reuters) – Toyota Motor Corp (7203.T) has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought Uber Technologies’ regional business. FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar…
[ad_1] SINGAPORE (Reuters) – Toyota Motor Corp (7203.T) has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round. FILE PHOTO: A logo of Toyota Motor Corp is seen at the company’s showroom in Tokyo, Japan June 14, 2016. REUTERS/Toru Hanai/File Photo The investment…
[ad_1] TOKYO (Reuters) – Asian shares edged slightly lower on Wednesday as investors looked to the Federal Reserve policy decision and any clues it might give on future rate hikes, shifting focus away from the historic U.S.-North Korea summit in Singapore. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L), the…
[ad_1] HONG KONG (Reuters) – The Hong Kong-listed shares of China’s ZTE Corp (0763.HK) were set to slide 38 percent on Wednesday following a two-month trading suspension after it agreed to pay up to $1.4 billion in penalties to the U.S. government. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April…
[ad_1] LONDON (Reuters) – Investor anger over the departure of WPP (WPP.L) boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene. FILE PHOTO: Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary production cuts led by producer cartel OPEC could be loosened. FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. REUTERS/Ann Saphir/File…
[ad_1] (Reuters) – Australia’s Investa Office Fund (IOF) (IOF.AX) and Blackstone Group (BX.N) on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion). FILE PHOTO – The logo of Blackstone Group is displayed at the post where it is…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, boosted by gains in the technology and utilities sectors, and shares of media and telecom companies jumped in extended trade after AT&T won court approval to buy Time Warner. Time Warner shares rose 4.4 percent in after-hours trading, while AT&T shares…
[ad_1] WASHINGTON (Reuters) – AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump’s administration to block the deal and likely setting off a wave of corporate mergers. FILE PHOTO: A combination photo shows the Time Warner shares price at the New…
[ad_1] AT&T Inc. won approval from a U.S. court on Tuesday to buy Time Warner Inc for US$85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. The planned deal is seen as a turning point for a media industry that has been upended by companies…
[ad_1] Hudson’s Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers’ Pension Plan, British Columbia Investment Management Corp. and the California Public Employees’ Retirement System (CalPERS)…
[ad_1] WASHINGTON (Reuters) – AT&T Inc (T.N) won approval from a U.S. court on Tuesday to buy Time Warner Inc (TWX.N) for $85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. FILE PHOTO: A combination photo shows the Time Warner shares price at the New…
[ad_1] (Reuters) – Electric car maker Tesla Inc (TSLA.O) is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. FILE PHOTO: A sign is seen outside Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York…
[ad_1] NEW YORK (Reuters) – U.S. stocks were near flat on Tuesday as investors became cautious ahead of the Federal Reserve’s policy decision, while a historic U.S.-North Korea summit failed to impress investors. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2018. REUTERS/Brendan McDermid The…
[ad_1] U.S. electric car giant Tesla is laying off nine per cent of its workforce, the company announced on Tuesday. The company, based in Palo Alto, Calif., said the move was part of its organizational restructuring announced by CEO Elon Musk last month. “As part of this effort, and the need to reduce costs and…
[ad_1] Uber and Lyft can now pick up and drop off passengers at Toronto’s Pearson International Airport as part of a new pilot project. Canada’s largest airport announced the pilot on Tuesday morning, noting in a news release there’s “significant demand” from passengers for access to ride-hailing services. Previously, only licensed taxis and limos served…
[ad_1] Canada’s total oil production should increase to 5.6 million barrels per day by 2035 — a 33-per-cent increase over 2017 levels, according to a new industry forecast. According to a report from the Canadian Association of Petroleum Producers (CAPP), the rise in production is expected to be driven largely by an increase in oilsands production — to…
[ad_1] HONG KONG (Reuters) – ZTE Corp (0763.HK) (000063.SZ) said trading in its shares would resume on Wednesday, ending a two-month suspension, after the Chinese telecommunications giant agreed to pay up to $1.4 billion in penalties to the U.S. government and radically overhaul its management. FILE PHOTO – Visitors pass in front of the Chinese…
[ad_1] When it comes to scaling startups, few people are as accomplished or consistently successful as Reid Hoffman . While the rest of us consider scaling a startup to market domination a daunting task, Hoffman has continued to make it look easy. In September, Hoffman will join us at TC Disrupt SF to share his…
[ad_1] A former Alberta Treasury Branch loan officer faces numerous charges after more than $1 million in fake loans were issued, police say. The Red Deer RCMP fraud unit investigation revealed that numerous loans were based on personal information of bank clients and other people the suspect knew totalling $1,148,020. Sarah Miles Brouilette, 38, of…
[ad_1] The European Union’s top court has defended French fashion designer Christian Louboutin’s claim to trademark red soled high-heel shoes. The European Court of Justice ruled Tuesday that Van Haren, a Dutch company that sold similar shoes, had infringed the trade mark. The court said that it did not matter that the shoes were different…
[ad_1] Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million. Anandia provides research and development services as well as analytical testing for clients licensed under Canada’s medical cannabis rules. Aurora CEO Terry Booth says the deal expands his company’s capabilities and will help accelerate…
[ad_1] Prime Minister Justin Trudeau is cheering Donald Trump’s bid to broker a deal to rid the Korean Peninsula of nuclear weapons, but he’s keeping mum on the U.S. president’s persistent trash talk against Canada. The Liberal government is looking forward to seeing the details of the agreement that emerged from Monday’s historic meeting between…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake. FILE PHOTO – General Motors CEO Mary Barra attends as U.S. President Donald Trump meets with chief…
[ad_1] Sumo Logic has long held the goal to help customers understand their data wherever it lives. As we move into the era of containers, that goal becomes more challenging because containers by their nature are ephemeral. The company announced a product enhancement today designed to instrument containerized applications in spite of that. They are…
[ad_1] DHAHRAN, Saudi Arabia (Reuters) – Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand. An Aramco tank is seen at Saudi Aramco’s Ras Tanura oil…
[ad_1] LONDON (Reuters) – World stocks slipped on Tuesday and the dollar retreated from a three-week high after a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula. U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, while Washington committed to…
[ad_1] LONDON (Reuters) – WPP’s (WPP.L) decision to allow founder Martin Sorrell to quit with share awards worth millions of pounds faced fresh opposition on Tuesday as Hermes EOS advised shareholders to vote against the advertising giant’s remuneration report. FILE PHOTO: A logo hangs on the wall outside the WPP offices in London, Britain April…
[ad_1] WASHINGTON (Reuters) – AT&T Inc, which owns DirecTV, awaits a court ruling on Tuesday that will determine if it can buy Time Warner Inc, a decision that could prompt a cascade of pay TV companies buying television and movie makers and the first big test of the Trump administration’s antitrust teams. Judge Richard Leon…
[ad_1] LONDON (Reuters) – The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a price spike from any supply disruption. FILE PHOTO: A worker checks the valve…
[ad_1] PRAGUE (Reuters) – Global deliveries by Volkswagen’s (VOWG_p.DE) Czech carmaker Skoda Auto rose 13.4 percent year-on-year in May, posting the best-ever result for the month thanks to double-digit growth in China and Russia. FILE PHOTO: The Skoda Vision X car is presented during an event at the 88th International Motor Show at Palexpo in…
[ad_1] LONDON (Reuters) – Oil prices rose for a second day on Tuesday and volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Crude…
[ad_1] LONDON (Reuters) – World stocks crept higher on Tuesday while the dollar turned negative after hitting a three-week high at the end of a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula. An employee of a foreign exchange trading company works near monitors broadcasting TV news reporting the summit between the…
[ad_1] U.S. President Donald Trump made some “factual errors” in tweets about trade with Canada following the G7 summit, and his tariffs threats could be “akin to shooting oneself in the foot,” economists tell CBC News. Trump’s criticism of U.S. trade with Canada escalated to another level after he left the summit early and then attacked…
[ad_1] KUALA LUMPUR (Reuters) – The U.S. ambassador to Malaysia has told Kuala Lumpur that assets seized by the United States as part of its probe into the 1MDB fund will be monetized and returned to Malaysia, the Southeast Asian nation’s finance minister said. FILE PHOTO: A construction worker talks on the phone in front…
[ad_1] SINGAPORE (Reuters) – Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress”, boosting hopes of a deal to end a nuclear standoff on the Korean peninsula. FILE PHOTO: A pump jack is seen…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress,” boosting hopes of a deal to end a nuclear standoff on the Korean peninsula. FILE PHOTO: A pump jack is…
[ad_1] SYDNEY (Reuters) – The dollar jumped to a 3-week top on Tuesday and Asian shares rose as U.S. President Donald Trump said a summit meeting with North Korea’s Kim Jong Un had made “a lot of progress,” boosting hopes of a landmark deal to end a nuclear standoff on the Korean peninsula. An employee…
[ad_1] SINGAPORE (Reuters) – Oil markets were stable on Tuesday amid cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Movements in crude markets…
[ad_1] SYDNEY (Reuters) – The dollar jumped to a 3-week top on Tuesday while stock markets in Asia ticked higher as a landmark U.S.-North Korea summit in Singapore raised hopes the bitter foes might be able to strike a deal to end a nuclear stand-off on the Korean peninsula. An employee of a foreign exchange…
[ad_1] NEW YORK (Reuters) – Johnson & Johnson (JNJ.N) shareholders have endured a painful year amid worries about prospects for its many businesses, but investors capitalizing on the stock’s relatively cheap valuation may be set to apply a Band-Aid to the declines. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S.,…
[ad_1] SINGAPORE (Reuters) – Oil prices edged up along with global markets on Tuesday on cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo…
[ad_1] SYDNEY (Reuters) – The dollar jumped to a 3-week top on Tuesday while stock markets in Asia were choppy as an historic U.S.-North Korea summit got underway in Singapore, raising some hopes it could pave the way to ending a nuclear stand-off on the Korean peninsula. FILE PHOTO: A man looks at an electronic…
[ad_1] OAKLAND, Calif (Reuters) – A Tesla Inc (TSLA.O) employee organizing a union was asked by a supervisor and company security guards to leave the factory after handing out pro-union flyers, the worker said at a National Labor Relations Board (NLRB) hearing on Monday over whether Tesla had violated federal safeguards for employee activity. FILE…
[ad_1] SINGAPORE (Reuters) – Oil prices were little changed in early Asian trading on Tuesday as markets awaited the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo…
[ad_1] DANDONG, China (Reuters) – Property speculators in China may be betting that Tuesday’s U.S.-North Korea summit is poised to unlock riches across the border but Chinese construction machinery dealer Wang Chenglin is far from convinced. Wang Chenglin, who runs a construction machinery distributor, poses for a picture at his office in Dandong, China June…
[ad_1] (Reuters) – Citigroup Inc’s (C.N) investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation, the Financial Times reported on Monday. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario,…
[ad_1] MEXICO CITY (Reuters) – A judge in Mexico has issued an arrest warrant for the country head of U.S. investment bank JPMorgan for alleged fraud in a dispute related to a 2007 loan to a Mexican real estate developer, according to the company, BVG World. FILE PHOTO: A sign outside the headquarters of JP…
[ad_1] WASHINGTON (Reuters) – ZTE Corp’s (000063.SZ) settlement with the U.S. Commerce Department that would allow China’s No. 2 telecommunications equipment maker to resume business with U.S. suppliers was made public on Monday, days after the company agreed to pay a $1 billion fine, overhaul its leadership and meet other conditions. FILE PHOTO: A ZTE…
[ad_1] Former prime minister Brian Mulroney says weekend attacks on Prime Minister Justin Trudeau by surrogates of U.S. President Donald Trump were unprecedented — but Canadian negotiators shouldn’t let the remarks throw them off their NAFTA strategy. Mulroney — who was prime minister when both the original Canada-U.S. Free Trade Agreement and the North American Free Trade…
[ad_1] WASHINGTON (Reuters) – ZTE Corp’s (000063.SZ) settlement with the U.S. Commerce Department that would allow China’s No. 2 telecommunications equipment maker to resume business with U.S. suppliers was made public on Monday, days after the company agreed to pay a $1 billion fine, overhaul its leadership and meet other conditions. FILE PHOTO: A ZTE…
[ad_1] NEW YORK (Reuters) – All three major U.S. stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend’s factious meeting of the Group of Seven nations. FILE PHOTO: Traders work on the floor of the New York Stock Exchange…
[ad_1] (Reuters) – Citigroup Inc’s (C.N) investment banking business will shed as much as half of its 20,000 technology and operations staff in the next five years, the Financial Times reported on Monday, citing Jamie Forese, the division’s head. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference…
[ad_1] (Reuters) – A smartphone patent fight between Huawei Technologies Co Ltd [HWT.UL] and Samsung Electronics Co (005930.KS) could reach a global resolution through a ruling by a Chinese court, a development that reflects the growing attractiveness of China as a quick and effective forum for intellectual property disputes. FILE PHOTO: The Huawei logo is…
[ad_1] BERLIN (Reuters) – International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump’s “America First” trade policy on Monday, warning that clouds over the global economy “are getting darker by the day”. Trump backed out of a joint communique agreed by Group of Seven leaders in…
[ad_1] NEW YORK (Reuters) – Wall Street stocks gained some ground on Monday as investors shrugged off the weekend’s contentious meeting of the Group of 7 nations and focused on the historic United States-North Korea summit Tuesday morning in Singapore. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) rose as much as 5 percent on Monday after Chief Executive Officer Elon Musk tweeted that its Autopilot driver assistance system will get full self-driving features following a software upgrade in August. A Tesla super charger is shown at one of the company’s charging stations in San…
[ad_1] Experts are calling the public animosity brewing between U.S. President Donald Trump and Prime Minister Justin Trudeau after the G7 summit unprecedented, alarming — and a possible first step towards a recession in Canada. If Trump makes good on his threat to impose new tariffs on the auto industry, there could be serious repercussions for Canada,…
[ad_1] Starbucks is closing about 1,100 Canadian locations this afternoon for training on race, bias and inclusion. In a letter to customers, Starbucks Canada president Michael Conway said the training will involve sharing experiences, listening to experts, reflecting on the realities of bias in society and talking about how employees can create public spaces where everyone…
[ad_1] Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It’s buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently…
[ad_1] The Canadian dollar was trading lower Monday morning after U.S. President Donald Trump continued his attacks on Canada and Prime Minister Justin Trudeau. Trump complained on Sunday that he had been blindsided by Trudeau’s criticism of his tariff threats at a summit-ending news conference. In tweets, Trump insulted Trudeau as “dishonest” and “weak.” PM…
[ad_1] San Jose-based Cohesity has closed an oversubscribed $250M Series D funding round led by SoftBank’s Vision Fund, bringing its total raised to date to $410M. The enterprise software company offers a hyperconverged data platform for storing and managing all the secondary data created outside of production apps. In a press release today it notes…
[ad_1] A Chinese company has signed a deal to acquire a 19.9 per cent stake in Ivanhoe Mines Ltd. for $723 million that the miner plans to use to fund the development of its projects in southern Africa. CITIC Metal Co. Ltd., a wholly owned subsidiary of Chinese state-run conglomerate CITIC Ltd., has agreed to…
[ad_1] IHOP, which teased a name change to IHOb earlier this month, says the “b” is to promote its burger menu. The pancake chain has been coy about whether the name flip is permanent, saying Monday that it was “for the time being.” Pressed for details, the company would not give an end date for…
[ad_1] Robert De Niro, fresh off the Tony Awards stage where he attacked the U.S. president, and celebrity chef Nobu Matsuhisa are in Toronto today to launch a major new development. The duo, along with film producer Meir Teper, are holding a noon ET news conference to promote what they’re calling the “world’s first” complex to…
[ad_1] (Reuters) – U.S. stock indexes opened little changed on Monday as gains in financial stocks offset losses in technology shares, while investors focused on a historic U.S.-North Korea summit. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial…
[ad_1] Brazilian mining giant Vale is moving forward with its underground nickel mine at Voisey’s Bay, Newfoundland and Labrador Premier Dwight Ball announced Monday morning. It’s a “momentous announcement” for the mining industry, Ball said at the announcement at the Sheraton Hotel in downtown St. John’s. Past and present Newfoundland and Labrador premiers gather at the…
[ad_1] In a DevOps world, the operations part of the equation needs to be on call to deal with issues as they come up 24/7. We used to use pagers. Today’s solutions like PagerDuty and VictorOps have been created to place this kind of requirement in a modern digital context. Today, Splunk bought VictorOps for…
[ad_1] (Reuters) – KKR & Co (KKR.N) said on Monday it will take U.S. physician services provider Envision Healthcare Corp (EVHC.N) private in a deal valued at $5.57 billion, its second major acquisition in less than two weeks. FILE PHOTO: CEO of Kohlberg Kravis Roberts & Co (KKR) Henry Kravis (C) departs after meeting India’s…
[ad_1] TOKYO (Reuters) – A group of Takeda Pharmaceutical Co Ltd (4502.T) shareholders is trying to build support to block the $62 billion acquisition of London-listed Shire Plc (SHP.L) at an extraordinary general meeting, a leading member of the group told Reuters on Monday. FILE PHOTO: Logos of of Takeda Pharmaceutical Co. are displayed at…
[ad_1] LONDON (Reuters) – HSBC will invest $15-17 billion in the next three years in areas including technology and China as it swings from a strategy of cost-cutting to growth, new CEO John Flint said on Monday, while keeping profitability and dividend targets little changed. FILE PHOTO: HSBC bank signage is pictured in Singapore, September…
[ad_1] SINGAPORE (Reuters) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. The escalating clash over trade between Washington and some of its closest global partners…
[ad_1] SAN JOSE, Calif. (Reuters) – At its Silicon Valley headquarters, network gear maker Cisco Systems Inc is going to unusual lengths to take control of the relentless increase in its U.S. healthcare costs. The inside of a Walgreens-operated pharmacy is seen at a Cisco health clinic at Cisco Systems in San Jose, California, U.S.,…
[ad_1] LONDON (Reuters) – Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo Analysts…
[ad_1] LONDON (Reuters) – HSBC will invest $15-17 billion in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. FILE PHOTO – The HSBC bank logo is seen at their offices in the…
[ad_1] While the majority of the G7 leaders renewed their countries’ commitment to fighting climate change this weekend, there are increasing signs of political defections from the low-carbon strategy. U.S. President Donald Trump, who has repudiated the Paris Accord, skipped out of the two-day meeting in Quebec early, before the other six leaders started talking climate. Ontario is now officially “open for business”…
[ad_1] SINGAPORE (Reuters) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. Having left the Group of Seven summit in Canada early, Trump’s announcement that he…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday, pulled down by rising Russian production and U.S. drilling activity creeping to its highest in more than three years. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo However, many…
[ad_1] HONG KONG (Reuters) – Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. FILE PHOTO: A man walks past a Xiaomi store in Shenyang, Liaoning province, China April 7, 2018. Picture taken April 7, 2018. REUTERS/Stringer That…
[ad_1] TOKYO (Reuters) – Asia stocks shook off initial modest losses and edged up on Monday ahead of an historic U.S.-North Korea summit that investors hope might pave the way to ending a nuclear stand-off on the Korean peninsula. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] TOKYO (Reuters) – Asia stocks shook off initial modest losses and edged up on Monday ahead of an historic U.S.-North Korea summit that investors hope might pave the way to ending a nuclear stand-off on the Korean peninsula. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] NEW YORK (Reuters) – Contract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc (AMZN.O), after a U.S. watchdog group criticized what it described as harsh working conditions at the factory. FILE PHOTO: Visitors are seen at a Foxconn booth at the World Intelligence Congress…
[ad_1] NEW YORK (Reuters) – Southwest Airlines Co (LUV.N) shares could be poised to climb sharply after a series of setbacks hit the stock harder than that of other major airlines this year, Barron’s reports. FILE PHOTO: A Southwest Airlines plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area,…
[ad_1] TOKYO (Reuters) – Asia stocks shook off initial modest losses and edged up on Monday ahead of a U.S.-North Korea summit that might ease regional tensions, while investors also started to focus on key central bank meetings later this week. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage…
[ad_1] SINGAPORE (Reuters) – Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver,…
[ad_1] QUEBEC CITY, Quebec (Reuters) – The United States and Canada swung sharply on Sunday toward a diplomatic and trade crisis as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him “very dishonest and weak.” The spat drew in Germany and France, which sharply…
[ad_1] SEOUL (Reuters) – South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. FILE PHOTO: A small toy figure is seen on representations of the Bitcoin virtual currency in this…
[ad_1] TOKYO (Reuters) – Asian stocks moved gingerly on Monday as a weekend G7 summit fanned trade conflict fears after U.S. President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front. FILE PHOTO: A man looks at an electronic stock quotation board outside a…
[ad_1] TOKYO (Reuters) – Stocks markets were expected to be on the defensive on Monday as a weekend G7 summit fanned trade war fears after U.S. President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front. FILE PHOTO: A man looks at an electronic…
[ad_1] NEW YORK (Reuters) – A U.S. watchdog group criticized Amazon.com Inc (AMZN.O) and contract manufacturer Foxconn over what it described as harsh working conditions at a plant in China that makes the retail giant’s Echo Dot smart speaker and Kindle e-reader. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck…
[ad_1] QUEBEC CITY, Quebec (Reuters) – The United States and Canada swung sharply toward a diplomatic and trade crisis on Sunday as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him “very dishonest and weak.” The spat drew in Germany and France, who sharply…
[ad_1] QUEBEC CITY (Reuters) – The United States and Canada swung sharply towards a diplomatic and trade crisis on Sunday as top White House advisors lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him “very dishonest and weak.” Canada’s Prime Minister Justin Trudeau (R) meets with U.S. President…
[ad_1] WASHINGTON (Reuters) – The top White House economic adviser accused Canada’s prime minister on Sunday of betraying President Donald Trump with “polarizing” statements on U.S. trade policy that risked making the American leader look weak on the eve of a historic summit with North Korea. Canada’s Prime Minister Justin Trudeau holds a press conference…
[ad_1] WASHINGTON (Reuters) – Chinese technology company ZTE Corp (000063.SZ) will be “shut down” in the United States if it engages in one more bad activity, White House trade adviser Peter Navarro told Fox on Sunday. FILE PHOTO – White House trade and manufacturing adviser Peter Navarro (L), a member of the U.S. trade delegation…
[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. Cannabis-infused drinks You’ve heard of edibles, but soon drinkables might be on store shelves too. Canadian entrepreneurs are working on cannabis-infused beverages, from cocktails and beer to coffee and tea. None of…
[ad_1] Ronald McDonald has some explaining to do. Eleven years after introducing grilled cheese sandwiches as a vegetarian option in its Happy Meals, McDonald’s Canada has pulled the item from its menu. The restaurant chain has told a number of parents, who were protesting on social media, that it retired the cheesy sandwich to make way…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump on Saturday threw the G7’s efforts to show a united front into disarray after he became angry with Canadian Prime Minister Justin Trudeau, and said he might double down on import tariffs by hitting the sensitive auto industry. Trump’s bombshell announcement that he was backing…
[ad_1] LONDON (Reuters) – Britain’s biggest companies will from 2020 be legally required to publish the gap between the salary of their chief executive and what they pay their average UK worker, under proposed new government rules. FILE PHOTO: Britain’s Secretary of State for Business, Energy and Industrial Strategy Greg Clark arrives in Downing Street…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump on Saturday said he had instructed his representatives not to endorse a joint communique put out by the Group of Seven leaders after what he called Canadian Prime Minister Justin Trudeau’s “false statements” at a news conference. Trump left the G7 summit in Canada early,…
[ad_1] LA MALBAIE, Quebec (Reuters) – Canadian Prime Minister Justin Trudeau on Saturday rejected a U.S. demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact. Canada’s Prime Minister Justin Trudeau listens while addressing the final news conference…
[ad_1] FRANKFURT (Reuters) – Germany’s road vehicle authority KBA has found five “illegal switch-off devices” in Daimler (DAIGn.DE) car engines, newspaper Bild am Sonntag (BamS) reported on Sunday. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke The authority said it suspected the…
[ad_1] LA MALBAIE, Quebec (Reuters) – Leaders of the G7 nations on Saturday papered over the cracks in their alliance at a summit in Canada but came away with little more than an agreement to disagree on trade, as U.S. President Donald Trump defiantly brandished his “America First” agenda. Trump, who last week slapped tariffs…
[ad_1] FLORENCE, Italy (Reuters) – Kering’s (PRTP.PA) fashion powerhouse Gucci is bringing more manufacturing in-house, as luxury firms step up efforts to meet rampant demand from Chinese shoppers with slicker operations. FILE PHOTO: Gucci signs are seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau/File Photo Gucci, which said this week it…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump on Saturday accused other countries of “robbing” the United States on trade and threatened to stop doing business with them altogether as he pushed his “America First” agenda at a Group of Seven nations summit. Trump, who angered Washington’s top allies last week when he…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump railed against trade practices he called unfair to the United States at a Group of Seven nations summit where leaders agreed on Saturday to fight protectionism and reform the World Trade Organization. “We’re like the piggy bank that everybody is robbing,” Trump said at a…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump told Group of Seven leaders that the United States wanted a quick end to trade practices that he says have led to an exodus of American companies and jobs to other countries. Trump, who angered his G7 partners last week with tariffs on steel and…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump and Group of Seven leaders had a bitter exchange over trade tariffs, ratcheting tensions at a summit that he planned to leave early on Saturday before talks on climate change and the health of oceans. The six-plus-one tone of the gathering in Quebec means the…
[ad_1] It’s hard to overstate just how chaotic the world’s longest border could become the day after a U.S. withdrawal from NAFTA. More than $2 billion worth of trade crosses the Canada-U.S. border every day: car parts, oil, grain, lumber, all streaming into the United States at record numbers. Donald Trump’s threat to withdraw from the…
[ad_1] BRUSSELS (Reuters) – U.S. cable company Comcast is set to gain unconditional EU antitrust approval for its bid to buy European pay-TV company Sky , two people familiar with the matter said on Friday. FILE PHOTO: A British Sky Broadcasting Group (BSkyB) logo is seen at the company’s UK headquarters in west London July…
[ad_1] (Reuters) – Apple Inc (AAPL.O) expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources. FILE PHOTO: A customer stands underneath an illuminated Apple logo as he looks out the…
[ad_1] WILMINGTON, Del. (Reuters) – Elon Musk’s multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law suit filed by a shareholder on Thursday. Elon Musk speaks at Boring Company community meeting in Bel Air, Los…
[ad_1] WASHINGTON (Reuters) – A federal judge will decide next week whether AT&T (T.N), which owns DirecTV, will be allowed to buy Time Warner (TWX.N), home to CNN and March Madness basketball, for $85 billion. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni Judge Richard Leon of the U.S.…
[ad_1] NEW YORK (Reuters) – For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs of squeezing profit margins across corporate America, leading investors to punish companies whose results are deteriorating. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau were all jokes and smiles for the media as they met at the Group of Seven leaders summit in Quebec on Friday, but neither budged on the serious trade dispute between them. U.S. President Donald Trump and Canada’s Prime…
[ad_1] LA MALBAIE, Quebec (Reuters) – The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada. U.S. trading partners have been furious over President Donald…
[ad_1] LA MALBAIE, Quebec (Reuters) – The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, at the end of a fractious session that had threatened to rupture the Group of Seven rich nations alliance. U.S. trading partners have been furious over…
[ad_1] Prime Minister Justin Trudeau and U.S. President Donald Trump discussed accelerating NAFTA talks during a bilateral meeting at the G7 summit of Friday. “The prime minister and the president had a very positive, productive meeting and it lasted longer than originally scheduled,” a senior government official, speaking on background, told reporters assembled at the G7 summit…
[ad_1] RIO DE JANEIRO/HOUSTON (Reuters) – U.S. oil producer Chevron Corp (CVX.N) has permanently assigned its Brazil country chief to run its Venezuelan operations after the months-long detention of two executives escalated tensions between the OPEC-member nation and foreign oil firms. Javier La Rosa, President of Chevron Brazil, speaks during the ARPEL Oil and Gas…
[ad_1] (Reuters) – Walt Disney Co animation head and co-founder of Pixar John Lasseter will be leaving Disney at the end of the year, the company said in a statement. FILE PHOTO: Executive Producer John Lasseter attends Disney-Pixar’s U.S. premiere of “Coco” in the Hollywood section of Los Angeles, California, U.S. November 8, 2017. REUTERS/David…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump countered a slew of trade numbers from U.S. allies with his own, different data, holding firm to his position that the United States was at a disadvantage, an official at a G7 summit said on Friday as consensus eluded the group’s leaders. Friday’s trade session,…
[ad_1] LA MALBAIE, Quebec (Reuters) – German Chancellor Angela Merkel on Friday floated an idea to set up a way to resolve trade disputes between the United States and its allies, a French official said as consensus appeared to elude G7 leaders at a summit in Canada. U.S. trading partners are furious over President Donald…
[ad_1] A&W restaurants in Canada will eliminate plastic straws from its locations by January 2019. The burger shack will become the first fast-food chain in North America to eliminate plastic straws in favour of biodegradable paper straws, according to representatives from A&W Canada. “We’re on a waste reduction journey,” said director of packaging Tyler Pronyk at an announcement on Friday.…
[ad_1] LA MALBAIE, Canada (Reuters) – British Prime Minister Theresa May on Friday warned both U.S. President Donald Trump and the European Union of the dangers of entering a tit-for-tat trade war over tariffs, urging both sides to instead focus on China’s excess steel production. Britain’s Prime Minister Theresa May and her husband Philip arrive…
[ad_1] (Reuters) – European planemaker Airbus SE (AIR.PA) has finalized a rescue deal for Bombardier Inc’s (BBDb.TO) CSeries jet and is expected to flex its cost-cutting and marketing muscle to revive the money-losing Canadian venture. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier…
[ad_1] NEW YORK (Reuters) – U.S. stock indexes edged higher in a choppy trading session on Friday as investors placed bets ahead of a busy week of central bank meetings and appeared to shrug off concerns about global trade. Traders work on the floor of the New York Stock Exchange shortly after the opening bell…
[ad_1] LA MALBAIE, Quebec (Reuters) – Top U.S. allies scrambled on Friday to keep a Group of Seven nations summit from veering off track as President Donald Trump vowed to deal with “unfair trade practices” by Canada and the European Union. Washington’s partners in the G7 have been reeling since the Trump administration last week…
[ad_1] It sounds like spinning straw into gold: suck carbon dioxide from the air where it’s contributing to climate change and turn it into fuel for cars, trucks and jets. A British Columbia company says in newly published research that it’s doing just that — and for less than one-third the cost of other companies…
[ad_1] U.S. President Donald Trump has arrived for the G7 meeting in Quebec, where he faces the prospect of an awkward encounter with host Prime Minister Justin Trudeau — a leader he has spent the better part of the last 24 hours attacking on Twitter as an economic foe. Trump has savaged Trudeau for his continued support…
[ad_1] Doug Ford’s resounding election win to become the next premier of Ontario after campaigning on tax cuts, less regulation and smaller government makes him sound favourable to the business community on face value. But he’s also taking the helm at a challenging time for the province’s economy when growth is falling from the robust pace of…
[ad_1] The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said Friday. The federal agency’s seasonally adjusted rate of housing starts for all of Canada — which is an approximation of how…
[ad_1] (Reuters) – U.S. stock indexes dipped on Friday as fears over a trade war escalated ahead of the G7 summit in Canada and shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year. Traders work on the floor of the New York…
[ad_1] Sometimes you acquire a company for the assets and sometimes you do it for the talent. Today Workday announced it was buying Rallyteam, a San Francisco startup that helps companies keep talented employees by matching them with more challenging opportunities in-house. The companies did not share the purchase price or the number of Rallyteam…
[ad_1] (Reuters) – Verizon Communications Inc (VZ.N) named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising analysts and signaling the company’s priority is building the next-generation 5G wireless network, not expanding into media content. FILE PHOTO – Hans Vestberg, Verizon executive vice president and president of Global Networks and Chief…
[ad_1] (Reuters) – European planemaker Airbus (AIR.PA) has finalized a rescue deal for Bombardier’s (BBDb.TO) CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making Canadian venture. FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday, setting the tone for a hostile Group of Seven summit and raising the specter of a trade war that has unnerved Washington’s top allies as well as investors. The confrontation over U.S. tariffs on steel…
[ad_1] LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday and said he plans to leave a meeting with leaders of the Group of Seven nations early as fears of a trade war ratcheted higher. The confrontation over U.S. tariffs on steel and aluminum threatened…
[ad_1] The Canadian employment picture was weaker than expected in May, as the country lost about 7,500 jobs, according to figures released Friday by Statistics Canada. The average expectation of 14 forecasts was for the country to add just over 22,000 jobs last month, Bloomberg news said. Despite the small drop in the number of people working, the…
[ad_1] Bombardier says a partnership that will see Airbus acquire a majority 50.01 per cent stake in the C Series commercial jet program has met all regulatory requirements and will take effect on July 1. The deal, which will see Bombardier and the Quebec government own the rest, was initially announced in October 2017. Both…
[ad_1] (Reuters) – Verizon Communications Inc (VZ.N) named Chief Technology Officer and former Ericsson boss Hans Vestberg as its new Chief Executive on Friday, saying he will replace current CEO Lowell McAdam on Aug. 1. Hans Vestberg, Verizon executive vice president and president of Global Networks and Chief Technology Officer, speaks during a panel discussion…
[ad_1] HONG KONG/SHENZHEN, China (Reuters) – The chairman of ZTE Corp (000063.SZ) (0763.HK) apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a supplier ban that has crippled its business. FILE PHOTO – Visitors pass in front of the…
[ad_1] TOKYO (Reuters) – Japan’s Mitsubishi Materials Corp (5711.T) said on Friday it has found fresh cases of misconduct at its Naoshima copper smelter and refinery in western Japan and the plant’s Japanese Industrial Standards (JIS) certification has been revoked. A monitor showing the logo of Mitsubishi Materials Corp is seen in Tokyo, Japan, November…
[ad_1] LONDON (Reuters) – Iran criticized a U.S. request that Saudi Arabia pump more oil to cover a drop in Iranian exports and predicted OPEC would not heed the appeal, setting the stage for a tough meeting of the producer group later this month. FILE PHOTO: A flag with the Organization of the Petroleum Exporting…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) powerful works council will continue to block the potential sale of specialist industrial assets and instead seek to work with the carmaker’s new chief executive to develop them, its labour leader told Reuters. FILE PHOTO: Bernd Osterloh, head of Volkwagen’s works council, addresses a news conference at the…
[ad_1] HONG KONG/SHENZHEN (Reuters) – The chairman of ZTE Corp (000063.SZ)(0763.HK) apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a ban that has crippled key businesses, including smartphones. FILE PHOTO – Visitors pass in front of the Chinese…
[ad_1] WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) powerful works council will continue to block potential sales of the carmaker’s non-core industrial assets and instead seek steps with the new chief executive to advance the units, its top labor leader said in an interview. FILE PHOTO: Bernd Osterloh, head of Volkwagen’s works council, addresses a news…
[ad_1] HONG KONG (Reuters) – The chairman of China’s ZTE Corp (000063.SZ)(0763.HK) apologized to staff and customers on Friday after the technology firm agreed to pay a $1 billion fine to the United States to end a crippling ban that had brought the firm to its knees. FILE PHOTO: ZTE Corp’s Chairman Yin Yimin speaks…
[ad_1] LONDON (Reuters) – BT Group’s (BT.L) Chief Executive Gavin Patterson will step down later this year after the British telecom company’s chairman said a change in leadership was needed. FILE PHOTO: Gavin Patterson, CEO of BT, speaks at the Conferederation of British Industry’s annual conference in London, Britain, November 6, 2017. REUTERS/Mary Turner/File Photo…
[ad_1] (Reuters) – Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD…
[ad_1] TORONTO (Reuters) – Jake Rowinski, a 20-year-old University of Toronto student, buys marijuana every week from one of the many self-described “medical” dispensaries in downtown Toronto. FILE PHOTO: A marijuana plant is seen at Tweed Marijuana Inc in Smith’s Falls, Ontario, March 19, 2014. REUTERS/Blair Gable The illegal store sells openly to customers ranging…
[ad_1] MEXICO CIITY (Reuters) – U.S. producers can sell pork legs and shoulders to Mexico via an import quota despite retaliatory measures taken this week against U.S. President Donald Trump’s tariffs on steel and aluminum, the Mexican government said on Thursday. FILE PHOTO: Piglets are pictured in a production module at the pig farm Granjas…
[ad_1] SINGAPORE (Reuters) – Oil prices were stable on Friday, supported by Venezuela’s struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC, although surging U.S. crude output was looming over markets. FILE PHOTO: Oil pumpjacks are seen in Lagunillas, Venezuela May 24, 2018. REUTERS/Isaac Urrutia Brent crude futures…
[ad_1] TOKYO (Reuters) – Japan, which just months ago had tens of thousands of Airbnb and home-sharing properties available, has approved only about 150 before a new law kicks in next week, meant to bring order to the market and create more lodging options for foreign tourists. The private temporary lodging, or “minpaku,” law, which…
[ad_1] QUEBEC CITY (Reuters) – Leaders of the Group of Seven rich nations are set to clash with a combative U.S. President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminum they fear could lead to a trade war. FILE PHOTO: A man walks past the Charlevoix G7 logo…
[ad_1] SYDNEY (Reuters) – Asian shares stepped back from a 2-1/2 month high on Friday as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders. FILE PHOTO: A man looks at an electronic board showing Japan’s…
[ad_1] TOKYO (Reuters) – The dollar wallowed near a three-week low against peers on Friday as U.S. Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations that the European Central Bank would begin unwinding it stimulus program. FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC. FILE PHOTO: Oil pumpjacks are seen in Lagunillas, Venezuela May 24, 2018. REUTERS/Isaac Urrutia Brent crude futures LCOc1, the international benchmark for oil prices, were…
[ad_1] SYDNEY (Reuters) – Asian shares are set for a soft start on Friday as global risk appetite deteriorated on worries the European Central Bank was ready to start tapering its massive stimulus, although trade was expected to be cautious ahead of big diplomatic meetings. FILE PHOTO: A man looks at an electronic board showing…
[ad_1] WILMINGTON, Del. (Reuters) – Walmart Inc (WMT.N) has asked a court to block a former top tax executive from joining Amazon.com Inc (AMZN.O), saying the move would violate a non-compete agreement and irreparably harm Walmart by potentially tipping off its rival to strategic plans including potential merger targets. FILE PHOTO: The main entrance to…
[ad_1] WASHINGTON (Reuters) – A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co’s (WFC.N) sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a “systemic” problem. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles,…
[ad_1] WASHINGTON (Reuters) – A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc and Twitter Inc for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc this week disclosed such partnerships with several Chinese companies. FILE PHOTO: The logo of Google is pictured during…
[ad_1] Facebook says a software bug made some private posts public for as many as 14 million users over several days in May. The problem, which Facebook says it has fixed, is the latest privacy scandal for the world’s largest social media company. On Thursday, the company said the bug automatically suggested that users make…
[ad_1] MILAN (Reuters) – Italian premium coffee maker illycaffe will launch hand-pulled cold coffee this summer, in a sign it is feeling the pressure as coffee chain Starbucks (SBUX.O) prepares to debut in its home turf. FILE PHOTO: Coffee flows into a Illy cup at a coffee shop in Rome, Italy, May 3, 2016. REUTERS/Alessandro…
[ad_1] NEW YORK (Reuters) – The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for U.S. and European central bank meetings. A trader works on the floor of the New York Stock Exchange…
[ad_1] (Reuters) – China’s No. 2 telecommunications equipment maker ZTE secured a lifeline from the Trump administration on Thursday after agreeing to pay a $1 billion fine and overhaul leadership in a deal that will lift a ban on its doing business with U.S. suppliers. The agreement comes as U.S. President Donald Trump seeks trade…
[ad_1] Dollarama Inc. may be forced to raise prices on food and other goods imported from the U.S. because of Canada’s plans to impose tariffs in retaliation for American duties on aluminum and steel, the company’s CEO said Thursday. Neil Rossy said he’s not worried about the discount retailer losing its competitive edge because other…
[ad_1] DUBLIN (Reuters) – Yahoo’s European regulator has ordered it to make privacy changes following a probe into what it said was one of the largest ever data breaches to impact EU citizens. FILE PHOTO: A tattered flag bearing the Yahoo company logo flies above a building in New York, U.S., October 31, 2016. REUTERS/Lucas…
[ad_1] NEW YORK (Reuters) – Walt Disney Co’s (DIS.N) $52.4 billion deal to acquire most of Twenty-First Century Fox Inc’s (FOXA.O) assets was “surgically” structured on good advice to be submitted to regulators, Makan Delrahim, assistant attorney general for the U.S. Department of Justice’s antitrust division, said on Thursday. FILE PHOTO: The water tank of…
[ad_1] (Reuters) – A rally in technology stocks came to a halt on Thursday, setting up the Nasdaq for its first loss in five days, while a jump in McDonald’s shares and energy stocks boosted the Dow. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in…
[ad_1] One of the characteristics of cloud computing is that when you launch a virtual machine, it gets distributed wherever it makes the most sense for the cloud provider. That usually means sharing servers with other customers in what is known as a multi-tenant environment. But what about times when you want a physical server…
[ad_1] Canada and France will take a polite, persuasive yet firm approach to Donald Trump at the G7, warning the U.S. President that his punishing trade tariffs will backfire and harm America’s economy and work force. On the eve of what’s shaping up to be an acrimonious summit in Charlevoix, Que., Prime Minister Justin Trudeau and French President Emmanuel Macron offered…
[ad_1] Canada’s financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the country’s biggest vulnerabilities. In its annual Financial System Review, the central bank said that these vulnerabilities “remain elevated” even though policy measures have started to make an impact. “The vulnerability related to…
[ad_1] (Reuters) – McDonald’s Corp (MCD.N) is planning a new round of layoffs to flatten out its management structure further, the Wall Street Journal reported on Thursday, citing a company email sent to all its U.S. employees, suppliers and franchisees. An electronic advertisement for a McDonalds food is seen at a bus stop on Oxford Street in…
[ad_1] The National Transportation Safety Board said Thursday the driver using autopilot in a fatal Tesla Inc. Model X crash in California in March did not have his hands on the wheel in the six seconds before the crash. The NTSB said in a preliminary report the driver had been given two visual alerts and one…
[ad_1] Mode, a San Francisco-based startup, came out of stealth today with a new approach to software-defined wide area networks they call software-defined core network (SD-CORE), which they say will dramatically reduce the cost of running these networks over traditional methods. The company also announced a total of $24 million in funding led by GV…
[ad_1] Investor Warren Buffett and JP Morgan Chase’s Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals. The two executives said on CNBC Thursday that companies that focus on hitting their quarterly numbers may do things that hurt them in the future, such as delaying investments or…
[ad_1] Logtrust is now known as Devo in one of the cooler name changes I’ve seen in a long time. Whether they intended to pay homage to the late 70s band is not clear, but investors probably didn’t care, as they gave the data operations startup a bushel of money today. The company now known…
[ad_1] (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that Washington has reached a deal with ZTE Corp that would reverse a ban on buying parts from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business. A sign of ZTE Corp is pictured at its service centre in…
[ad_1] The United States has reached a deal with Chinese telecommunications giant ZTE Corp. that includes a $1 billion fine, according to Commerce Secretary Wilbur Ross. The fine comes on top of the roughly $1 billion ZTE has already paid for selling equipment to North Korea and Iran in violation of U.S. sanctions. Ross, speaking…
[ad_1] Cannabis producer Aphria announced it will make a big investment in Leamington, Ont., saying it’s raising $225 million to pay for new and expanded cannabis facilities in Canada, as well as potential global expansion and acquisitions. The company said some of the funds will go towards a new $55 million extraction facility in Leamington that will use a…
[ad_1] CHICAGO (Reuters) – When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor’s degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans. FILE PHOTO: Graduating students arrive for Commencement Exercises at Boston College in Boston,…
[ad_1] LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and euro zone bond yields extended gains as investors priced in a potentially earlier-than-expected wind-down of ECB stimulus. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/Remote…
[ad_1] FLORENCE, Italy (Reuters) – Italy’s Gucci, the biggest earnings driver at French group Kering (PRTP.PA), said on Thursday it expected sales to grow at twice the pace of the luxury market in the coming years and for revenue to eventually reach 10 billion euros ($11.82 billion). FILE PHOTO: A Gucci sign is seen outside…
[ad_1] (Reuters) – Honolulu could become the first U.S. city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei,…
[ad_1] LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock…
[ad_1] With all the consternation about the state of the Canadian economy, you might think we were doomed. But that’s not what the actual numbers are telling us. For instance, just while we were all worrying about Donald Trump and trade yesterday, Canadian exports hit new highs. Despite fear of a collapse in construction jobs and business anxiety over…
[ad_1] LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses. FILE PHOTO: People walk past a House of Fraser store in central London, Britain January 11, 2017. REUTERS/Stefan Wermuth The restructuring plan would leave the…
[ad_1] TOKYO (Reuters) – Asian shares rose to a fresh 11-week high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) may soon start to wind down its stimulus boosted the euro and global bond yields. FILE PHOTO: A visitor is seen as market prices are reflected in a glass…
[ad_1] (Reuters) – Twitter Inc (TWTR.N) is preparing a $1 billion convertible note offering, the social media hub said on Wednesday, one day after news that it would be included in the S&P 500 index sent its shares up 5 percent to a more than three-year high. FILE PHOTO: The Twitter application is seen on…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop. FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks at a news conference following the Federal Open Market Committee meetings…
[ad_1] PORTLAND, Ore./FRANKFURT (Reuters) – Daimler AG (DAIGn.DE) unveiled on Wednesday an all-electric big rig truck it promises to have in production in 2021, as the German automaker mounts a major challenge to European and American rivals, including new entrants like Tesla Inc (TSLA.O). President and CEO of Daimler Trucks North America Roger Nielsen unveils…
[ad_1] Honolulu leaders approved a measure Wednesday to limit prices that ride-hailing services like Uber and Lyft can charge during peak demand, a cap that the companies say would be the first restriction of its kind in the United States. The measure would prevent “surge pricing” if increased rates are higher than the maximum fare…
[ad_1] BEIJING (Reuters) – China’s Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States, and that some specific progress was made in talks that concluded over the weekend. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at the Paul W. Conley…
[ad_1] BEIJING (Reuters) – Oil prices rose on Thursday to shake off some of the previous session’s losses, supported by plunging exports by OPEC-member Venezuela. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson Brent crude futures LCOc1 were up 33 cents, or 0.4 percent, to $75.69…
[ad_1] TOKYO (Reuters) – Asian shares rose to 2 1/2-month high on Thursday, supported by strong economic fundamentals, while expectations the European Central Bank could start to wind down its stimulus boosted the euro and global bond yields. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the…
[ad_1] NEW YORK (Reuters) – The shares of so-called dollar stores have suffered as U.S. shoppers have started spending more at bargain retailers with focused concepts and big discount chains. FILE PHOTO: An advertising sign is pictured at a Dollar Tree store in Pasadena, California August 31, 2015. REUTERS/Mario Anzuoni/File Photo Once thought to be…
[ad_1] WASHINGTON/OTTAWA (Reuters) – U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada. FILE PHOTO: U.S. President Donald Trump talks to the…
[ad_1] WASHINGTON (Reuters) – There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp (000063.SZ), despite strong bipartisan opposition to easing restrictions on China’s No. 2 telecommunications equipment maker. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo…
[ad_1] (Reuters) – Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc (AGN.N) at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New…
[ad_1] A Quebec court judge ended an insider trading case on Wednesday against the former CEO of online gaming company Amaya and his co-accused. Salvatore Mascia granted the defence’s third motion to stay proceedings against David Baazov after rejecting two prior efforts. The decision was made in response to the defence’s claim it was inadvertently…
[ad_1] NEW YORK (Reuters) – Wall Street indexes rallied on Wednesday with help from financial stocks as investors eyed strong economic data and trade war fears took a back seat while the Nasdaq registered its third straight record closing high. White House economic adviser Larry Kudlow said late in the trading day that U.S. President…
[ad_1] (Reuters) – U.S. President Donald Trump, in yielding to pressure from farming states and agreeing to suspend changes to U.S. biofuel policy is now being criticized by another important constituency, the main union for oil refinery workers. A fuel nozzle from a bio diesel fuel pump is seen in this photo illustration taken at…
[ad_1] The head of Canada’s largest oil company says climate change is science, and deniers, including politicians, need to do a U-turn and accept it. Suncor Energy Inc. president and chief executive officer Steve Williams — speaking during a panel event at the Bridging Divides: In Search of Sound Public Policies for Energy and Environment in…
[ad_1] The head of Canada’s largest oil company says climate change is science, and deniers, including politicians, need to do a U-turn and accept it. Suncor Energy Inc. president and chief executive officer Steve Williams — speaking during a panel event at the Bridging Divides: In Search of Sound Public Policies for Energy and Environment in…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes added to gains late in Wednesday’s session as the S&P 500 and the Dow were boosted by financial and industrial stocks and ebbing trade-war fears while the Nasdaq was set for a fourth straight day of gains. Traders work on the floor of the New…
[ad_1] WASHINGTON/OTTAWA (Reuters) – U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada. Police officers stand near the Congress Center prior to…
[ad_1] On June 6th, 2014 Kubernetes 1.0 was released. At the time, nobody could have predicted that 4 years later that the project would become a de facto standard for container orchestration or that the biggest tech companies in the world would be backing it. That would come later. If you think back to June…
[ad_1] Could it be “bees”, “butter”, or even “books”? Or, is it just plain old “breakfast”? It’s been known as IHOP — the International House of Pancakes — for over 60 years, but now the famous U.S. restaurant chain is changing its name and it’s causing an uproar online. The company posted a tweet on Monday saying it is “flippin” the “P” in…
[ad_1] Canada’s minister for telecommunications says the government will hold a key auction of wireless spectrum for fifth-generation mobile networks in 2020 — a schedule that’s unlikely to satisfy the country’s major carriers. Industry players have been calling for the auction of 3,500 megahertz spectrum to be held in 2019 in order to keep up…
[ad_1] (Reuters) – Jack Daniel’s maker Brown-Forman Corp (BFb.N) (BFa.N) said it has been trying to mitigate risk of potential retaliatory tariffs from top U.S. trade allies by increasing shipments to some markets overseas in the last few months. U.S. President Donald Trump last week imposed import duties on metals from the European Union, Canada…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) shares rose 3.5 percent on Wednesday morning after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June. Tesla’s future profitability hinges on ramping up its…
[ad_1] (Reuters) – Athenahealth Inc’s (ATHN.O) Chief Executive Officer Jonathan Bush stepped down on Wednesday and the healthcare software maker said it was exploring options, including selling itself, following pressure from activist investor Elliott Management. FILE PHOTO – Jonathan Bush, chairman and CEO of athenahealth Inc. speaks at a panel “RX for healthcare? Tech prescriptions…
[ad_1] WASHINGTON (Reuters) – Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing after the social media company said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns. FILE PHOTO: Facebook CEO Mark Zuckerberg listens while…
[ad_1] The European Union on Wednesday announced it will start imposing duties from July on a list of U.S. products in response to President Donald Trump’s decision to slap tariffs on steel and aluminum imports from Europe. “The new duties start applying in July,” European Commission Vice-President Maros Sefcovic told reporters. “It is a measured…
[ad_1] Canada’s exports hit an all-time high in April, helping to push the country’s overall trade deficit down for the month, Statistics Canada reported Wednesday. The federal government agency said Canada’s exports increased 1.6 per cent to a record $48.6 billion in April, marking a sixth increase over the past seven months. Exports of metal and non-metallic mineral products,…
[ad_1] SAP announced today at its Sapphire customer conference it was making the SAP Leonardo Blockchain service generally available. The latter is a cloud service to help companies build applications based on digital ledger-style technology. Gil Perez, senior vice president for product and innovation and head of digital customer initiatives at SAP, says most of…
[ad_1] Chinese mobile phone maker Huawei said Wednesday it has never collected or stored Facebook user data, after the social media giant acknowledged it shared such data with Huawei and other manufacturers. Huawei, a company flagged by U.S. intelligence officials as a national security threat, was the latest device maker at the centre of a…
[ad_1] (Reuters) – Brown-Forman Corp (BFb.N) (BFa.N) edged past Wall Street estimates for fourth-quarter profit on Wednesday but warned that its outlook was clouded by potential retaliatory tariffs from top U.S. trade allies. FILE PHOTO – A bottle of Jack Daniel’s Tennessee whiskey is seen on a shelf at the Vin Place wine and liquors…
[ad_1] BERLIN (Reuters) – Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures…
[ad_1] LONDON (Reuters) – The euro rose to a ten-day high on Wednesday after hawkish comments from the European Central Bank, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany,…
[ad_1] If you’re on the hunt for the perfect summer hideaway, be prepared to spend more on your cottage, camp or cabin this season. The average price of a recreational home in Canada is expected to rise 5.8 per cent to $467,764 by the end of September, according to a new survey by Royal LePage. That’s up from $442,239…
[ad_1] SYDNEY (Reuters) – Global airlines, coming off a record-low accident rate in 2017, need to guard against complacency over safety as heavy growth in travel demand stretches the air transport system, industry leaders warned at a conference this week. FILE PHOTO: International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac speaks…
[ad_1] (Reuters) – Ride-hailing company Uber said on Wednesday it would launch electric bicycle sharing service JUMP Bikes, which it bought last month, in Europe as it seeks to expand into other transportation modes and make peace with local authorities. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security…
[ad_1] OSLO (Reuters) – Norway’s $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla (TSLA.O) Chief Executive Elon Musk. FILE PHOTO: A Tesla super charger is shown at one of the company’s charging stations in San Juan Capistrano, California, U.S., May 30, 2018.…
[ad_1] TOKYO (Reuters) – Japan’s top government spokesman said on Wednesday that the Group of Seven leaders were likely to discuss the global economy and concerns about U.S. trade policy. FILE PHOTO: Japan’s Chief Cabinet Secretary Yoshihide Suga attends a news conference at Prime Minister Shinzo Abe’s official residence in Tokyo, Japan May 29, 2017.…
[ad_1] If you have an essential Internet of Things device running Windows 10 IoT Core Service, you don’t want to be worried about security and OS patches over a period of years. Microsoft wants to help customers running these kinds of devices with a new program that guarantees 10 years of updates. The idea is…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside…
[ad_1] SYDNEY (Reuters) – An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence. FILE PHOTO: Planes sit in a desert graveyard near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson/File Photo Air freight demand is expected to rise…
[ad_1] TOKYO (Reuters) – Honda Motor Co (7267.T) on Wednesday said it would start selling its six-seater business jet in Japan next year, as it seeks to expand global sales by tapping into demand from a growing class of high net-worth individuals. FILE PHOTO : Honda Motor’s HondaJet business airplane is seen at Honda Aircraft…
[ad_1] SINGAPORE/TOKYO (Reuters) – Global oil prices rose during Asian trade on Wednesday after Venezuela raised the prospect of halting some crude exports, according to people familiar with the matter, but gains were capped amid reports the U.S. government had asked Saudi Arabia and some other OPEC producers to increase output. FILE PHOTO: A pump…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average outside…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei average…
[ad_1] SAN FRANCISCO (Reuters) – Microsoft Corp (MSFT.O) is expanding a program designed to increase its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion…
[ad_1] WASHINGTON (Reuters) – Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns. Facebook’s founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit…
[ad_1] BOSTON (Reuters) – A wide majority of outside investors at Facebook Inc backed a measure that would revamp its voting structure and end the supervoting rights of shares held by Mark Zuckerberg and others, seen as a rebuke to the chief executive of the world’s largest social media company. FILE PHOTO: A woman looks…
[ad_1] TOKYO (Reuters) – U.S. oil prices edged up in early Asian trade on Wednesday to move away from lows hit in the previous session, buoyed after industry data showed a decline in U.S. crude inventories. FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk said on Tuesday that building 5,000 Model 3s per week by the end of June was “quite likely” as the company’s production lines were now demonstrating the ability to make 3,500 vehicles per week. FILE PHOTO: Elon Musk listens at a press conference following…
[ad_1] SYDNEY (Reuters) – The head of Qatar Airways apologized on Wednesday for saying that a woman could not do his job. FILE PHOTO: Qatar Airways Chief Executive Officer Akbar al-Baker poses in front of an Airbus A350-1000 at the Eurasia Airshow in the Mediterranean resort city of Antalya, Turkey April 25, 2018. REUTERS/Murad Sezer…
[ad_1] (Reuters) – ZTE Corp (000063.SZ) has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken…
[ad_1] WASHINGTON (Reuters) – U.S. defense contractor Northrop Grumman (NOC.N) won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK, Inc (OA.N), with conditions, the Federal Trade Commission said on Tuesday. FILE PHOTO: A UAV helicopter build by Northrop Gruman is on deck aboard the soon to be commissioned littoral combat ship USS…
[ad_1] (Reuters) – HP Inc (HPQ.N) now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday. FILE PHOTO – A Hewlett-Packard logo is seen at the company’s Executive Briefing Center in Palo Alto, California January 16,…
[ad_1] (Reuters) – The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged higher as investors eyed solid U.S. economic data. A trader works on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] OTTAWA (Reuters) – The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday. U.S. President Donald Trump talks to the media after meeting with North Korea’s envoy…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S.…
[ad_1] OTTAWA (Reuters) – The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday. U.S. President Donald Trump talks to the media after meeting with North Korea’s envoy Kim Yong…
[ad_1] (Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report. FILE PHOTO: The Apple Inc. store is seen in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo In May U.S.-listed companies also…
[ad_1] SAN FRANCISCO (Reuters) – Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion purchase of LinkedIn Corp, in…
[ad_1] The federal Liberals are enlisting seven experts to help rewrite the country’s broadcasting regulations so online streaming giants like Netflix and Spotify are forced to give a boost to Canadian content. Government officials, speaking on condition of anonymity because the information was not yet public, say the panel will also be asked to review…
[ad_1] Consider it the ultimate “like” for a stock: Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company’s stock price up five per cent on Tuesday as demand surged from equities investors. Twitter shares surged as high as $40.16 during Tuesday’s session, their highest in more than three years, after…
[ad_1] Customer Relationship Management (CRM) is a mature market with a clear market leader in Salesforce. It has a bunch other enterprise players like Microsoft, Oracle and SAP vying for position. SAP decided to take another shot today when it released a new business products suite called SAP C/4HANA. (Ya, catchy I know.) SAP C/4HANA…
[ad_1] WASHINGTON (Reuters) – U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook. FILE PHOTO: Job seekers line up to apply during “Amazon Jobs Day,” a job fair being held at 10 fulfillment centers…
[ad_1] Donald Trump’s economic adviser says the U.S. has asked Canada to hold one-on-one North American Free Trade Agreement negotiations as trilateral talks sputter. Larry Kudlow, director of the U.S. president’s National Economic Council, said Trump is now “very seriously contemplating a shift in NAFTA negotiations.” “His preference now, and he asked me to convey this, is…
[ad_1] (Reuters) – Billionaire investor David Tepper’s hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc’s (AGN.N) board to split the office of the chief executive officer and chairman. FILE PHOTO — David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan…
[ad_1] LONDON (Reuters) – Short sellers and derivatives traders are betting Deutsche Bank’s (DBKGn.DE) share price recovery will prove temporary, with data suggesting short interest in the German lender is the highest of any global bank. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo…
[ad_1] Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between…
[ad_1] Hudson’s Bay said Tuesday it will close up to 10 of its Lord & Taylor stores through next year, as the company reported higher sales with a wider loss for the first quarter. The announcement comes a day after HBC revealed it was selling its online banner Gilt Groupe to Rue La La. The retailer said…
[ad_1] Prime Minister Justin Trudeau is expected to meet with Indigenous leaders in British Columbia today, including a First Nations chief who has been a vocal supporter of the Trans Mountain pipeline expansion. Trudeau will be in the Fraser Valley where he’ll speak with the Indigenous Advisory and Monitoring Committee, a group that monitors existing…
[ad_1] Flash sale site Rue La La said Monday it will buy rival Gilt from department store chain Hudson’s Bay as it seeks to fortify its presence in the world of online discount luxury. Hudson’s Bay, which operates Saks Fifth Avenue and Lord & Taylor among other chains, bought Gilt for $250 million US in…
[ad_1] SEOUL (Reuters) – China has launched a probe into Samsung Electronics Co Ltd (005930.KS), SK Hynix Inc (000660.KS) and Micron Technology Inc (MU.O), the three semiconductor makers who control the market for DRAM memory chips. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their booth at an industrial…
[ad_1] TOKYO (Reuters) – Japan’s Sharp Corp (6753.T) said it will buy Toshiba Corp’s (6502.T) personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn. FILE PHOTO: A logo of Sharp Corp is pictured at the CEATEC JAPAN 2017…
[ad_1] SYDNEY (Reuters) – Promises by the global airline industry to do more to promote gender equality veered off course when one of its top executives suggested his CEO role was too difficult for a woman. FILE PHOTO: Qatar Airways Chief Executive Officer Akbar al-Baker poses with cabin crew in an Airbus A350-1000 at the…
[ad_1] SYDNEY (Reuters) – Airlines are betting that a new system for showcasing their wares on travel agents’ screens will help sell fancier seats, tastier meals, lounge access and flight options – and give profits a lift. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin,…
[ad_1] SYDNEY (Reuters) – Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner IAG (ICAG.L) said on Tuesday. FILE PHOTO: Willie Walsh, CEO of International Airlines Group speaks during the closing press briefing at the 2016 International Air…
[ad_1] Before we automate hotels with AI and robots (which will almost certainly happen) the first wave of this revolution will be brought by the software that runs hotels with humans. Thus it is thatMews, the hotel property management platform, has closed a €6m Series A funding round. The round was led by Notion.vc Capital,…
[ad_1] Canadian entrepreneurs are busy developing a wide range of new ways to use recreational cannabis in a socially acceptable way — without having to roll or smoke a joint. Cocktails, beer, coffee and tea — along with specially designed vape devices — are in the works. None will create the notorious stench or clouds of…
[ad_1] SYDNEY (Reuters) – A German investment company said on Tuesday it planned to sell the components of two unwanted Airbus A380 superjumbo jets, in an apparent move to send the world’s largest jetliner to the breakers yard for the first time due to slack demand. FILE PHOTO: Logo of Airbus is pictured at the…
[ad_1] (Reuters) – Australia’s competition regulator said on Tuesday that criminal charges had been laid against Australia and New Zealand Banking Group, a local unit of Citigroup and Deutsche Bank relating to cartel offences over a $2.3 billion share issue. FILE PHOTO: The logo of Australia and New Zealand Banking Group Ltd (ANZ) is pictured…
[ad_1] LONDON (Reuters) – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares (RBS.L) for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss of more than two billion pounds on part of its investment in the lender it rescued in 2008. FILE PHOTO: A Royal Bank of Scotland branch in central…
[ad_1] TOKYO (Reuters) – Asian stocks steadied on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns. FILE PHOTO: People walk past an electronic board showing exchange rate between Japanese Yen and U.S. Dollar…
[ad_1] TORONTO (Reuters) – Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on maple syrup, a nod to a national symbol and a powerful industry in the French-speaking province of Quebec that could hurt producers in Maine. FILE PHOTO: People roll up maple taffy on a wooden stick at…
[ad_1] SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong. FILE PHOTO: Tim Clark, President of Emirates Airlines, delivers his speech during…
[ad_1] TOKYO (Reuters) – Asian stocks pulled back on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns. FILE PHOTO: People walk past an electronic board showing exchange rate between Japanese Yen and U.S.…
[ad_1] TOKYO (Reuters) – Japan’s Sharp Corp said it will acquire Toshiba Corp’s personal computer business for $36 million, highlighting its recovery under the control of Foxconn and marking a return to a business it quit eight years ago. FILE PHOTO: A logo of Sharp Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition…
[ad_1] MEXICO CITY (Reuters) – Mexican firms will need to cut deals with suppliers and consider buying goods elsewhere once a conflict over U.S. steel and aluminum import tariffs starts to bite, even as consumers are seen ultimately picking up the tab from any higher prices. FILE PHOTO: A view of Ashimori Industry plant, a…
[ad_1] MEXICO CITY (Reuters) – Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country’s retaliatory measures to U.S. President Donald Trump’s tariffs on steel and aluminum. FILE PHOTO: Piglets are pictured…
[ad_1] TOKYO (Reuters) – Asian stocks dipped on Tuesday as the markets took a breather after the previous day’s rally, although tech-inspired Wall Street gains helped limit the losses, with investor focus moving away from trade concerns and back to benign economic fundamentals. FILE PHOTO: People walk past an electronic board showing exchange rate between…
[ad_1] (Reuters) – Apple Inc (AAPL.O) on Monday issued new review guidelines for its lucrative App Store platform, after it moved to block plans by Steam, the biggest distributor of PC-based video games, to extend its reach into iPhones and iPads. Apple Chief Executive Officer Tim Cook speaks at the Apple Worldwide Developer conference in…
[ad_1] NEW YORK (Reuters) – Former Goldman Sachs Group Inc programer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job. FILE PHOTO – Former Goldman Sachs computer programmer Sergey Aleynikov (L) smiles as he exits Manhattan Criminal Court…
[ad_1] SAN JOSE, Calif. (Reuters) – Apple Inc (AAPL.O) on Monday unveiled software upgrades that would let older iPhones run faster, help parents limit their children’s screen time and make its Siri voice assistant work more like a rival feature from Amazon.com (AMZN.O). Taken together, the moves announced at Apple’s annual Worldwide Developers Conference in…
[ad_1] (Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping away from hands-on management at the global coffee chain, effective June 26, fuelling speculation that the outspoken, liberal-leaning executive will make a U.S. presidential bid. FILE PHOTO: Starbucks Chief Executive Howard Schultz speaks during the company’s annual shareholders meeting in Seattle, Washington March 18, 2015. REUTERS/David Ryder/File…
[ad_1] Dozens of people opposed to the federal government’s plan to buy the Trans Mountain pipeline protested outside Calgary MP Kent Hehr’s downtown office on Monday — at times clashing with the project’s supporters who at times outnumbered them. The protest was organized against the government’s stated intention to buy the Trans Mountain pipeline expansion project…
[ad_1] Egnyte has always had the goal of protecting data and files wherever they live, whether on-premises or in the cloud. Today, the company announced a new feature to help customers comply with GDPR privacy regulations that went into effect in Europe last week in a straight-forward fashion. You can start by simply telling Egnyte…
[ad_1] Starbucks Corp. says Howard Schultz is stepping down as executive chairman this month of the coffee chain he joined more than 30 years ago. Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company last year to focus on innovation…
[ad_1] Canada’s economy is facing “significant risks” as high anxiety from trade tensions with the U.S. and the threat of correction in the housing market weighs on growth, according to the latest outlook from the International Monetary Fund. The Washington-based agency said on Monday that policymakers need to “rebuild policy buffers” and forge ahead with structural reforms to boost Canada’s…
[ad_1] Apple introduced new controls for limiting how much time customers spend on their devices as the company tackles criticism that its devices are becoming increasingly addictive and distracting. The controls allow users to set “Do Not Disturb” modes on their phones, such as at night or during trips to the playground with their kids.…
[ad_1] The head of the Canadian Steel Producers Association says his group isn’t asking for government money to help its members deal with new U.S. tariffs — not yet, at any rate. CSPA President Joseph Galimberti met with Prime Minister Justin Trudeau Monday morning, days after the U.S. imposed 25 per cent tariffs on some imports of foreign…
[ad_1] Google today announced that the new version of Gmail will launch into general availability and become available to all G Suite users next month. The exact date remains up in the air but my guess is that it’ll be sooner than later. The new Gmail offers features like message snoozing, attachment previews, a sidebar…
[ad_1] A pair of executives at Kinder Morgan Canada have each been awarded $1.5-million retention bonuses in connection with the sale of the Trans Mountain pipeline to the Canadian government. The company’s board of directors approved the bonuses, which will be paid to Ian Anderson, the president of the company, and David Safari, who is vice-president of the Trans…
[ad_1] TORONTO/NEW YORK (Reuters) – ConocoPhillips (COP.N) is preparing to offload its stake in Cenovus Energy Inc (CVE.TO) that it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech,…
[ad_1] PARIS/NEW YORK (Reuters) – French bank Societe Generale (SOGN.PA) will pay more than $1 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday. The logo of Societe Generale is pictured outside the headquarters…
[ad_1] Recreational vehicle manufacturer Winnebago Industries says it is buying boat maker Chris-Craft to expand beyond motor homes and travel trailers and create a diversified outdoor lifestyle products company. Winnebago, based in Forest City, Iowa, hasn’t disclosed details of the transaction but said Monday it would finance the deal with cash and debt. Chris-Craft is…
[ad_1] Microsoft today announced its plans to acquire GitHub for $7.5 billion in stock. Unsurprisingly, that sent a few shock waves through the developer community, which still often eyes Microsoft with considerable unease. During a conference call this morning, Microsoft CEO Satya Nadella, incoming GitHub CEO (and Xamarin founder) Nat Friedman and GitHub co-founder and…
[ad_1] The Quebec government is prepared to financially support smaller aluminum producers hurt by U.S. tariffs just as it did with the softwood lumber sector, the province’s economic development minister said Monday. “If there is a risk of reducing their production or a risk of not being able to export as much, we will be there…
[ad_1] Do you have an application that needs a lot of memory? Maybe as much as 12 terabytes of memory? Well, you’re in luck because Microsoft Azure will soon offer virtual machines with just that much RAM, based on Intel’s Xeon Scalable servers. The company made this announcement in concert with the launch of a number…
[ad_1] NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and expand clout among software developers. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion purchase of LinkedIn Corp,…
[ad_1] Microsoft says it’s paying $7.5 billion US in stock for the popular coder hangout GitHub. GitHub is a platform where software developers can go to host and review each other’s code. The San Francisco startup was founded in 2008 and has grown sharply since announcing its first outside investment in 2012. It now counts…
[ad_1] OTTAWA/WASHINGTON (Reuters) – Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump. A delegate grabs a flag to prevent it from being blown…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S., on…
[ad_1] The Toronto Real Estate Board (TREB) reports that May housing sales in the Greater Toronto Area were down 22.2 per compared to May of last year. TREB says that while the number of sales was down year-over-year to 7,834 units, the annual rate of decline was less than reported in February, March and April,…
[ad_1] Back in 2013, Yelp was a 9-year old company built on a set of internal systems. It was coming to the realization that running its own data centers might not be the most efficient way to run a business that was continuing to scale rapidly. At the same time, the company understood that the…
[ad_1] DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). Aramco employees walk towards an Aramco private flight at…
[ad_1] LONDON (Reuters) – Global shares rose on Monday as worries over a trade war between the United States and other major economies took a back seat, with investors focusing on an easing of political risks in Europe and strong U.S. jobs data. FILE PHOTO: The German share price index, DAX board, is seen at…
[ad_1] LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and as OPEC members considered boosting supply. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File Photo Benchmark Brent crude oil LCOc1 lost $1.26…
[ad_1] MOSCOW (Reuters) – Russia’s technical safety watchdog Rosstandart said on Monday it had approved a plan of action with regards to a voluntary recall of 1,426 Mercedes-Benz (DAIGn.DE) Sprinter Classic cars sold in October-December of 2017. FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4,…
[ad_1] BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at the…
[ad_1] One of the curious and, to many, incomprehensible, stories of the First World War is how young Canadians joined up in droves and marched off whistling to one of history’s most gruesome conflicts. Whether in a real war or in a trade war, waving the flag is politically popular in a way that is hard to…
[ad_1] Egg sales in Canada are sizzling, and a recent trend in the fast-food industry is fuelling some of the demand in the country — all-day breakfast. In early 2017, restaurant chains like McDonald’s and A&W began selling their breakfast sandwiches around the clock. Tim Hortons is now starting its own test at certain locations in…
[ad_1] LONDON (Reuters) – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File Photo Benchmark Brent crude oil…
[ad_1] SINGAPORE (Reuters) – Brent crude oil futures slid for a second session on Monday as the market was weighed down by a climb in U.S. output to a record-high and expectations that OPEC members will raise supplies. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing,…
[ad_1] FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE) will wrap up the $62.5 billion takeover of Monsanto (MON.N) on Thursday this week and also retire the name of the U.S. seeds maker, it said on Monday. FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February…
[ad_1] SINGAPORE (Reuters) – Crude oil futures lost more ground on Monday as the market was weighed down by U.S. output climbing to a record-high and expectations that OPEC members will raise supplies. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, U.S., March 24, 2016.…
[ad_1] NEW YORK (Reuters) – The planned exit of BHP Billiton Ltd (BHP.AX) (BLT.L) from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people familiar with the negotiations. FILE PHOTO: BHP Billiton…
[ad_1] SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) (CBA.AX) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency. FILE PHOTO: The logo for the Commonwealth Bank of Australia adorns their head office in central Sydney, Australia, October 12, 2017. REUTERS/David…
[ad_1] SINGAPORE (Reuters) – Brent crude oil futures dipped for a second session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File Photo…
[ad_1] SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in…
[ad_1] TOKYO (Reuters) – Asian shares rose to their highest level in two-and-a-half-weeks on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could drag on global economic growth. A woman looks at an electronic board showing stock information at a brokerage house…