January 18th, 2018

Business

What robot strippers say about sexism, tech and the future

By Barbara Ortutay And Ryan Nakashima, The Associated Press on January 12th, 2018

LAS VEGAS – On a recent evening in Las Vegas during the CES technology show, robot strippers offered a window into technology’s gender fault lines – not to mention our robot future. From a distance, the mechanical humanoids on a strip-club stage looked something like real dancers in robot drag. But close up, they were ... Read More »

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Uber used tech tool to shield data from police outside US

By The Associated Press on January 12th, 2018

NEW YORK – The ride-sharing company Uber confirmed Thursday that it had technology to shield company data when law enforcement raided its offices outside the U.S. Uber spokeswoman Melanie Ensign said this tool – no longer in use – could lock computers and smartphones and change passwords remotely from the company’s headquarters in San Francisco. ... Read More »

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Morneau still committed to deficit reduction despite slower economy

By The Canadian Press on January 12th, 2018

LONDON, Ont. – Finance Minister Bill Morneau concedes that Canada’s red-hot economy is likely to slow this year. And he says that makes it all the more important for the federal government to continue making investments that will boost economic growth and job creation. But Morneau says the government also recognizes the importance of being ... Read More »

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Freeland hails Trump’s ‘sensible’ suggestion of NAFTA talks extension

By The Canadian Press on January 12th, 2018

LONDON, Ont. – Foreign Affairs Minister Chrystia Freeland is welcoming U.S. President Donald Trump’s newfound patience on NAFTA renegotiations. In an interview Thursday with the Wall Street Journal, the president indicated he’s open to extending the March deadline for concluding talks aimed at modernizing the North American Free Trade Agreement. Trump noted the difficulty of ... Read More »

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Nearly 50 people fall sick on Royal Caribbean cruise ship

By The Associated Press on January 12th, 2018

BALTIMORE – Nearly 50 people have fallen sick on a cruise ship that departed from Baltimore last week, delaying its return. Royal Caribbean Cruises spokesman Owen Torres told The Baltimore Sun the Grandeur of the Seas cruise ship originally was scheduled to set sail back to Baltimore on Thursday, but now won’t until Saturday, following ... Read More »

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The Tragically Hip backing Newstrike deal with CanniMed Therapeutics

By The Canadian Press on January 12th, 2018

TORONTO – Newstrike Resources Ltd. says the Tragically Hip is backing the company’s deal to be acquired by CanniMed Therapeutics Inc. The band is a creative partner and shareholder in Newstrike, the company (TSXV:HIP) says. In a statement on behalf of the band, guitarist Rob Baker says the combination “will create shareholder value and a ... Read More »

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Sun Life expects $200M one-time charge in Q4 due to U.S. tax changes

By The Canadian Press on January 12th, 2018

TORONTO – Sun Life Financial Inc. says it will take a $200-million charge related to U.S. tax reform when it reports its fourth-quarter results. The company says the one-time hit is due to the impact of the tax changes on actuarial liabilities, deferred tax assets and liabilities and a one-time tax charge on deemed repatriation ... Read More »

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JPMorgan Chase 4Q results fall 37 per cent, due to tax charge

By Ken Sweet, The Associated Press on January 12th, 2018

NEW YORK – JPMorgan Chase & Co. is saying its fourth quarter results fell 37 per cent from a year ago, as the bank took a one-time charge to its results due to the recently passed Trump tax bill. JPMorgan said it earned $4.23 billion in the fourth quarter, or $1.07 a share, down from ... Read More »

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Alabama incentives for Toyota-Mazda factory top $700 million

By The Associated Press on January 11th, 2018

MONTGOMERY, Ala. – Alabama’s total incentive package to Toyota and Mazda will top $700 million after local incentives are added to what the state offered to land the companies’ new U.S. factory. The Huntsville City Council on Thursday approved a $320 million local incentive package. That is in addition to $380 million announced by the ... Read More »

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Suncor operations cease at base plant after ‘process upset’ knocks out power

By The Canadian Press on January 11th, 2018

CALGARY – Suncor Energy Inc. says operations have ceased at its oilsands base plant near Fort McMurray, Alta., after a temporary power loss Wednesday afternoon. Company spokesperson Erin Rees would only describe the cause of the power loss as a “process upset” but says power was restored as of Wednesday night. Rees says she cannot ... Read More »

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