October 20th, 2019

Business

Investor advocacy group returns $2M to Jarislowsky Foundation amid cash crunch

By The Canadian Press on October 18th, 2019

TORONTO – Investor advocacy group FAIR Canada is struggling to obtain funding and says it has returned $2.4 million to the Jarislowsky Foundation because it was unable to meet the condition of matching it by 200 per cent. The Toronto-based non-profit says it has reached out to governments, securities regulators, and self-regulatory organizations over the ... Read More »

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Trump taps Perry deputy to replace him at Energy Department

By The Associated Press on October 18th, 2019

WASHINGTON – President Donald Trump says he is nominating a deputy to Energy Secretary Rick Perry to replace him in the top job at the Energy Department. Trump tweeted Friday that Dan Brouillette’s experience in the area is “unparalleled” and calls him a “total professional.” Trump is also praising Perry, who plans to leave the ... Read More »

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Corus Entertainment stock falls, analyst disappointed by pre-Christmas ad outlook

By David Paddon, The Canadian Press on October 18th, 2019

TORONTO – Corus Entertainment Inc. shares dropped 11 per cent Friday after the TV, radio and studio company announced a lower profit for the fourth quarter and a disappointing preview of the pre-Christmas TV advertising season. The Toronto-based company’s B shares were down 65 cents at $5.18 at midday, erasing gains they’ve made since Oct. ... Read More »

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FAA confronts Boeing over internal messages revealing flaws

By David Koenig, The Associated Press on October 18th, 2019

DALLAS – A Boeing pilot told a co-worker that he unknowingly misled safety regulators about a flight-control system on the now-grounded 737 MAX, according to the transcript of instant messages that the company belatedly turned over to federal officials. The pilot, Mark Forkner, told another Boeing employee about problems with the flight system, known as ... Read More »

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IMF, World Bank leaders appeal for an end to trade wars

By Martin Crutsinger And Bani Sapra, The Associated Press on October 18th, 2019

WASHINGTON – The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threatened to make the consequences of a global slowdown even worse. IMF Managing Director Kristalina Georgieva said a variety of factors ... Read More »

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Google affiliate begins drone deliveries in Virginia town

By The Associated Press on October 18th, 2019

A Google affiliate is using drones to deliver customers’ Walgreens purchases in a test being run in a Virginia town. Wing, which is owned by Google parent Alphabet, received federal approval earlier this year to make commercial deliveries by drone. It was the first drone company to receive the approval in the U.S., beating out ... Read More »

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Oracle co-CEO Mark Hurd is dead at 62

By The Associated Press on October 18th, 2019

Oracle co-CEO Mark Hurd, who led two Silicon Valley giants, has died at 62. Oracle confirmed his death Friday, but gave no cause. Hurd was on medical leave, which Oracle announced in September . During his career, Hurd ran both Oracle and computer and printer maker Hewlett-Packard. Hurd joined Oracle as co-president in 2010 a ... Read More »

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Johnson urges support for Brexit deal before knife-edge vote

By Mike Corder And Jill Lawless, The Associated Press on October 18th, 2019

LONDON – Boris Johnson worked behind the scenes Friday to win enough support to push his new Brexit deal through the fractious British Parliament and pave the way for Britain – finally – to leave the European Union in two weeks. His message to allies and opponents alike: Approve the agreement so Britain can finally ... Read More »

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FAA confronts Boeing over undisclosed internal communication

By The Associated Press on October 18th, 2019

Boeing was aware of troubling instant messages between two employees regarding their communications with federal regulators over its now-grounded 737 Max jet, but the company waited months to disclose them. Federal Aviation Administration chief Steve Dickson demanded an explanation from Boeing CEO Dennis Muilenburg in a letter Friday. The content of the 2016 messages isn’t ... Read More »

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Oracle CEO Mark Hurd dies at 62

By The Associated Press on October 18th, 2019

Oracle CEO Mark Hurd has died. He was 62. The company on Friday confirmed his death. Hurd was on medical leave, and the company did not disclose a cause of death. Hurd led two high-profile Silicon Valley companies – Oracle and computer maker Hewlett-Packard. He took a leave of absence from Oracle a month ago ... Read More »

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Canadian business needs Brexit certainty but Johnson plan only a start: observers

By The Canadian Press on October 18th, 2019

TORONTO – Experts warn that a post-Brexit United Kingdom will present Canadian business with tremendous uncertainty about billions of dollars worth of trade and investments, no matter how the British Parliament votes on Saturday. The outcome of the unusual weekend vote in London is itself far from predictable, as British Prime Minister Boris Johnson struggles ... Read More »

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