December 15th, 2018

Business

Trump vs the world – G-20 summit stumbles on trade, climate

By Angela Charlton, Peter Orsi And Luiz Andres Henao, The Associated Press on November 30th, 2018

BUENOS AIRES, Argentina – Divisions among the world leading economies emerged from the moment their leaders gathered Friday in Argentina: Donald Trump struck his own deals and angered allies, and the leaders of Russia and Saudi Arabia bonded amid criticism from European powers. U.S. negotiators blocked progress at the Group of 20 summit on managing ... Read More »

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Job posting for ‘head of grocery’ hints at Uber’s plans in Toronto

By The Canadian Press on November 30th, 2018

TORONTO – Uber is hiring a head of grocery product in Toronto, a sign that the company may be eyeing moves to disrupt the supermarket industry. The U.S.-based technology giant says in a LinkedIn job posting that the role will help the company define and build “a brand new product offering, which will fundamentally evolve ... Read More »

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TSX ends November with positive day despite big drop in oil prices

By The Canadian Press on November 30th, 2018

TORONTO – Canada’s main stock index closed the month on a slightly positive note even though the energy sector was hit by a 22 per cent drop in crude oil prices in November. The S&P/TSX composite index ended the day up 3.78 points to 15,197.82. In New York, the Dow Jones industrial average rose 199.62 ... Read More »

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Microsoft surpasses Apple as most valuable public company

By Matt O'Brien, The Associated Press on November 30th, 2018

Microsoft’s big bet on cloud computing is paying off as the company has surpassed Apple as the world’s most valuable publicly traded company. The software maker’s prospects looked bleak just a few years ago, as licenses for the company’s Windows system fell with a sharp drop in the sales of personal computers. But under CEO ... Read More »

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Lawyer: Nissan exec arrested with Ghosn asserts innocence

By The Associated Press on November 30th, 2018

TOKYO – An attorney for an American executive arrested in Japan on suspicion of collaborating with former Nissan chairman Carlos Ghosn in financial misconduct says his client is innocent. Aubrey Harwell said Friday that his client, Greg Kelly, did nothing wrong and that Kelly acted “according to the law and according to company policy.” Kelly ... Read More »

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Brian Pallister says feds need to look at their own trade barriers

By Steve Lambert, The Canadian Press on November 30th, 2018

WINNIPEG – Manitoba Premier Brian Pallister says the federal government needs to look at its own trade barriers instead of focusing on the provinces. Pallister says recent statements by federal Finance Minister Bill Morneau and Internal Trade Minister Dominic LeBlanc have dealt mainly with interprovincial trade barriers. Pallister says the federal government needs to admit ... Read More »

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Paramount Resources CEO backs calls for production cuts to support oil prices

By The Canadian Press on November 30th, 2018

CALGARY – The chairman and CEO of Paramount Resources Ltd. says Alberta should move immediately to impose a 10 per cent curtailment on all production in the province to drain a glut of oil and gas and support low prices. Jim Riddell says his intermediate-sized company was looking at a higher drilling budget next year ... Read More »

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Marriott security breach exposed data of up to 500M guests

By Michelle Chapman And Mae Anderson, The Associated Press on November 30th, 2018

NEW YORK – A security breach inside the Marriott hotel empire compromised the information of as many as 500 million guests worldwide, exposing their credit card numbers, passport numbers and birth dates for as long as four years, the company said Friday. The crisis quickly emerged as one of the largest data breaches on record. ... Read More »

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Massive, extended data breach within Marriott’s hotel empire

By The Associated Press on November 30th, 2018

BETHESDA, Md. – A security breach inside Marriott’s worldwide hotel empire has compromised the information of as many as 500 million guests, exposing in some cases credit card numbers, passport numbers and birthdates, the company said Friday. Alarming security analysts, Marriott said that unauthorized access to data at the hotels, once run by Starwood, has ... Read More »

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The Marriott breach compared with past security breakdowns

By The Associated Press on November 30th, 2018

NEW YORK – Marriott’s revelation that as many as 500 million guests may have been affected by a data breach at Starwood hotels, which it bought two years ago, ranks among the largest hacks ever. It is not clear if some of those included in the final tally are individuals who were counted during every ... Read More »

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Energy stocks drive Toronto market lower while U.S. stocks mixed

By The Canadian Press on November 30th, 2018

TORONTO – Canada’s main stock index retreated as the energy sector fell on a drop in oil prices, while U.S. stock markets were mixed. The S&P/TSX composite index was down 49.90 points at 15,144.14 in late-morning trading. In New York, the Dow Jones industrial average was down 36.89 points at 25,301,95. The S&P 500 index ... Read More »

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