March 29th, 2024

Business

Court agrees to block collection of Trump’s massive civil fraud judgment if he puts up $175M

By Jennifer Peltz And Michael R. Sisak, The Associated Press on March 25th, 2024

NEW YORK (AP) – A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s more than $454 million civil fraud judgment – if he puts up $175 million within 10 days. If he does, it will stop the clock on collection and prevent the state from seizing the ... Read More »

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Energy stocks help lift S&P/TSX composite higher, U.S. stock markets down

By The Canadian Press on March 25th, 2024

TORONTO – Strength in the energy stocks helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower. The S&P/TSX composite index was up 80.34 points at 22,064.42. In New York, the Dow Jones industrial average was down 135.12 points at 39,340.78. The S&P 500 index was down 8.86 points ... Read More »

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Sun Life Financial names Timothy Deacon as new chief financial officer

By The Canadian Press on March 25th, 2024

TORONTO – Sun Life Financial Inc. has named Timothy Deacon as its new chief financial officer, effective April 8. Deacon joins the insurer from the Ontario Teachers’ Pension Plan Board where he held the same role. He succeeds Manjit Singh, who is now president of Sun Life Asia. Singh is expected to continue in his ... Read More »

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Boeing CEO to exit in broad management shakeup as manufacturing issues plague storied plane maker

By David Koenig, The Associated Press on March 25th, 2024

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup after a series of mishaps at one of America’s iconic manufacturers. Stan Deal, president and CEO of Boeing’s commercial airplanes unit, will retire immediately. Stephanie Pope, the company’s chief operating ... Read More »

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Court agrees to block collection of Trump’s $454 million civil fraud judgment if he puts up $175M

By Jennifer Peltz And Michael R. Sisak, The Associated Press on March 25th, 2024

NEW YORK (AP) – A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment – if he puts up $175 million within 10 days. If he does, it will stop the clock on collection and prevent the state from seizing his assets while ... Read More »

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Former Toronto mayor John Tory to rejoin Rogers Communications board of directors

By The Canadian Press on March 25th, 2024

TORONTO – Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory is listed among the 14 proposed management nominees in the company’s information circular ahead of Rogers’ annual meeting set for April 24. He previously served as a Rogers director from 2010 to 2014 and chief ... Read More »

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Boeing CEO to exit in broader management shakeup as manufacturing issues plague storied plane maker

By David Koenig, The Associated Press on March 25th, 2024

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup after a series of mishaps at one of America’s iconic manufacturers. Stan Deal, president and CEO of Boeing’s commercial airplanes unit, will retire immediately. Stephanie Pope, the company’s chief operating ... Read More »

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Giant Tiger customer data compromised in incident with third-party vendor

By The Canadian Press on March 25th, 2024

OTTAWA – Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Spokesperson Alison Scarlett did not name the vendor but says the Ottawa-based discount retailer uses the company to manage its customer communications and engagement. After learning about a security ... Read More »

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Turtle Creek calls on Gildan to hold AGM and vote on directors without delay

By The Canadian Press on March 25th, 2024

TORONTO – Another longtime investor in Gildan Activewear Inc. says it does not trust the company’s current board to oversee a sale process and called on it to hold its annual meeting without delay to allow shareholders to elect new directors. The review of options by the company comes as Gildan has been embroiled in ... Read More »

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Stock market today: Wall Street edges lower after setting record highs last week

By Yuri Kageyama And Matt Ott, The Associated Press on March 25th, 2024

NEW YORK (AP) – Stocks are ticking lower on Wall Street at the start of what will be a short trading week. The S&P 500 was down 0.2% in early trading Monday. The Dow Jones Industrial Average was off 73 points, and the Nasdaq composite was down 0.4%. The market is easing back from last ... Read More »

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Boeing CEO to step down in broader management shakeup after blowout of a panel on a 737 Max

By Michelle Chapman, The Associated Press on March 25th, 2024

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broader management shakeup after a series of mishaps at one of America’s most storied manufacturers. Stan Deal, president and CEO of Boeing’s commercial airplanes unit, will retire immediately, with Stephanie Pope, the company’s ... Read More »

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