September 18th, 2014

Business

Costco Canada shuffles cards: Capital One, MasterCard trump American Express

By David Paddon, The Canadian Press on September 18th, 2014

TORONTO – Costco Wholesale Canada is switching credit card partners at the end of this year. Capital One says it will offer a co-branded MasterCard on an exclusive basis with Costco Canada, which will end its 15-year-old relationship with American Express on Dec. 31. MasterCard Canada has also reached an agreement for Costco Canada to ... Read More »

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Oracle co-founder Larry Ellison ends 37-year reign as CEO, turns over job to top lieutenants

By Michael Liedtke, The Associated Press on September 18th, 2014

SAN FRANCISCO – Oracle co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful era marked by his flamboyant behaviour and outlandish wealth amassed while building one of the world’s best-known technology companies. With the changing of the guard announced Thursday, Ellison will ... Read More »

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Talisman eyeing Scottish vote, but says North Sea faces bigger challenges

By The Canadian Press on September 18th, 2014

BANFF, Alta. – Of all the issues Talisman Energy Inc. is grappling with in the North Sea, CEO Hal Kvisle says the prospect of Scottish independence doesn’t top the list. Talisman’s (TSX:TLM) United Kingdom operations – based out of Aberdeen, Scotland – have faced numerous operational headaches and Kvisle acknowledges some properties may have to ... Read More »

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Home Depot eliminates malware that affected 56 million credit cards

By The Canadian Press on September 18th, 2014

TORONTO – Home Depot Has eliminated malware from its U.S. and Canadian networks that affected 56 million payment cards between April and September, the home improvement retailer said Thursday. The Atlanta-based company says that, according to its security partners, criminals used a type of software that hadn’t previously been seen in other attacks. It says ... Read More »

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No quick solution to Ukraine’s energy woes, Canada and U.S. officials say

By The Canadian Press on September 18th, 2014

OTTAWA – Canadian and U.S. assistance to Ukraine on the energy file will be limited to technical help, at least for the time being. The eastern European country’s natural gas stores are in a precarious position due to the ongoing conflict with Russia and there have been suggestions that Canada and the U.S. could help ... Read More »

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Home Depot says eliminates malware that affected 56M payment cards, raises profit guidance

By The Associated Press on September 18th, 2014

The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September. The Atlanta-based home improvement retailer said Thursday it has also completed a “major” payment security project that provides enhanced encryption of customers’ payment data in the company’s U.S. stores. Home ... Read More »

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Canadian Press NewsAlert: Home Depot says 56M cards affected in data breach

By The Canadian Press on September 18th, 2014

NEW YORK, – Home Depot says 56 million payment cards affected by data breach between April and September. More to come... Read More »

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Loonie gains half a cent after Fed statement; attention turns to CPI figures

By Linda Nguyen, The Canadian Press on September 18th, 2014

TORONTO – The Canadian dollar rallied Thursday in the wake of the news that the U.S. Federal Reserve remains in no hurry to raise its record-low interest rates. The loonie jumped 0.47 of a cent to 91.35 cents US. The U.S. central bank reassured markets Wednesday that it plans on keeping its key interest rate ... Read More »

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Costco Canada parting ways with American Express, Capital One to be new partner

By David Paddon, The Canadian Press on September 18th, 2014

TORONTO – Costco Wholesale Canada is switching credit card partners at the end of this year. Capital One says it will offer a co-branded MasterCard on an exclusive basis with Costco Canada, which will end its 15-year-old relationship with American Express on Dec. 31. “We have always believed that success comes from working with outstanding ... Read More »

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Toronto stock market unchanged as markets await Scotland referendum results

By The Canadian Press on September 18th, 2014

TORONTO – The Toronto stock market was barely changed at the close amid an independence referendum in Scotland that has the potential to send ripples across global markets. The S&P/TSX composite index gained 6.66 points to 15,465.54. The Canadian dollar found strength, jumping 0.47 of a cent to 91.35 cents US. Scots are deciding whether ... Read More »

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