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Updated: 1 hour 41 min ago

Sears managers, execs will still pocket big cash bonuses even though retailer is closing

3 hours 35 min ago

Sears Canada will pay a final $2.8 million in retention bonuses to 36 head office staff, even though the retailer’s restructuring efforts failed and the company is closing its remaining 130 stores.

Dow Jones industrial average closes above 23,000 for 1st time

Wed, 10/18/2017 - 13:13

The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

CMHC sizes up worst-case scenarios for housing market and comes out unscathed

Wed, 10/18/2017 - 13:02

The Canada Mortgage and Housing Corporation has crunched numbers on the assumption that the economy could get rocked by any number of different calamities and come to the same conclusion: the corporation itself would be all right.

Delta says it had no role in Airbus-Bombardier deal

Wed, 10/18/2017 - 09:56

Delta Air Lines Inc.'s chief executive says the carrier did not play a role in pushing an industry-changing deal between Airbus and Bombardier as a regulatory spat between the United States and Canada threatened the future of a Bombardier plane program.

Liberals continue tax change tour, narrow scope of passive-income measure

Wed, 10/18/2017 - 09:17

Finance Minister Bill Morneau is continuing to pull and pluck away at his government’s controversial tax regime proposals, promising now to adjust the rules on passive income so only three per cent of the "most wealthy" privately owned corporations will have to pay higher taxes.

EU air safety body urges halt on use of Kobe Steel products

Wed, 10/18/2017 - 08:42

The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products following the company's admission that it has faked inspections data on products sold to hundreds of firms.

Amazon would save $1.5B a year in salaries if new HQ in Toronto area: Ed Clark

Wed, 10/18/2017 - 07:29

Ed Clark, the man heading up Ontario's bid to lure Amazon to the province, says the tech giant would save $1.5 billion a year in lower salaries for tech workers by locating in the Greater Toronto area.

George Soros donates majority of his fortune to charity

Wed, 10/18/2017 - 06:44

Investor George Soros has transferred about $18 billion US, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday.

Airport employees fired over infamous David Dao incident on United flight

Wed, 10/18/2017 - 05:40

The Chicago Department of Aviation has fired two security officers involved in an incident during which a passenger was dragged off a United Airlines flight after refusing to give up his seat, the city's Office of Inspector General says in a report.

TBH, Facebook just bought this new app

Wed, 10/18/2017 - 05:40

Facebook has bought TBH, a teen-focused app that lets people give anonymous compliments to each other through polls and messages.

Critics question settlement program for banks that overcharged fees

Wed, 10/18/2017 - 02:00

As investors await refunds from banks and other financial institutions for hundreds of millions of dollars in excess fees, critics are questioning the process used to determine those refunds.

800-pound gorilla thwarted by Bombardier's savvy move: Don Pittis

Wed, 10/18/2017 - 02:00

Giving away its prize asset, the CSeries aircraft, is Bombardier's smartest investment in years.

Veteran investor Marc Faber booted from 3rd company after racist comments

Tue, 10/17/2017 - 18:36

Veteran investor Marc Faber has resigned his board seats at three companies based in Canada following comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.

Harvey Weinstein resigns from Weinstein Co. board

Tue, 10/17/2017 - 18:28

Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.

Liberals to narrow scope of passive-income measure for private corporations

Tue, 10/17/2017 - 14:08

The federal government is moving to pare down its controversial tax proposal on passive income so that it will only affect three per cent of private corporations.

Freeland calls U.S. NAFTA demands 'troubling' and 'unconventional'

Tue, 10/17/2017 - 13:51

Foreign Affairs Minister Chrystia Freeland has accused the United States of trying to undermine the North American Free Trade Agreement, calling its list of unconventional proposals 'troubling.'

Missouri appeals court tosses $72M US award in talcum powder case

Tue, 10/17/2017 - 12:30

A Missouri appeals court that vacated a $72 million US award to an Alabama woman who claimed her use of Johnson & Johnson products that contained talcum contributed to her ovarian cancer has thrown the fate of awards in similar cases into doubt.

Veteran investor Marc Faber booted from Sprott board after racist comments

Tue, 10/17/2017 - 12:22

Veteran investor Marc Faber was asked to resign from the board of directors at Sprott Inc. after comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.

Dow Jones hits 23,000 mark for the first time

Tue, 10/17/2017 - 11:51

The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday, powered by strong earnings from UnitedHealth Group and Johnson & Johnson.

Canada's supply management is flashpoint in NAFTA talks: Here's why

Tue, 10/17/2017 - 11:06

The politically explosive issue of Canadian supply management has emerged again as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade.


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