Business
Wattpad to be sold to South Korean internet giant Naver for US$600 million
By The Canadian Press on January 19th, 2021
TORONTO – Online storytelling company Wattpad Corp. says it will be acquired by South Korean internet conglomerate Naver for US$600 million. The Toronto-based company says the acquisition is a cash and stock transaction that was unanimously approved by its board of directors earlier today. Under the terms of the deal, Wattpad will keep its Canadian ... Read More »
Be the first to comment!Italian PM wins crucial vote in Senate with very thin margin
By Frances D'Emilio And Colleen Barry, The Associated Press on January 19th, 2021
ROME – Italian Premier Giuseppe Conte won a crucial confidence vote in the Senate late Tuesday, keeping his wobbly coalition afloat for now, but with such a shrunken majority it will make it extremely hard to effectively govern a country reeling from the pandemic. The vote went 156 to 140 in his favour, There were ... Read More »
Be the first to comment!Stores drop MyPillow after CEO pushes election conspiracies
By Joseph Pisani And Anne D'Innocenzio, The Associated Press on January 19th, 2021
NEW YORK – The founder and CEO of MyPillow, a vocal and very visible supporter of President Donald Trump, said a backlash against the company has begun after a mob stormed the U.S. Capitol this month. Mike Lindell, who appears in TV commercials hugging the company’s foam-filled pillows, said major retailers like Bed Bath & ... Read More »
Be the first to comment!Energy pushes S&P/TSX composite up as TC Energy shares rebound after Keystone worries
By The Canadian Press on January 19th, 2021
TORONTO – Canada’s main stock index move higher on the strength of the energy sector, which recovered as TC Energy bounced back from a selloff over prospects for the Keystone XL pipeline. The S&P/TSX composite index closed up 12.49 points to 17,957.37. In New York, the Dow Jones industrial average was up 116.26 points at ... Read More »
Be the first to comment!Germany to extend virus shutdown until mid-February
By Kirsten Grieshaber And Frank Jordans, The Associated Press on January 19th, 2021
BERLIN – Chancellor Angela Merkel and the governors of Germany’s 16 states agreed Tuesday to extend the country’s pandemic restrictions until mid-February amid concerns that new mutations of the coronavirus could trigger a fresh surge in cases. The country’s infection rate has stabilized in recent days, indicating that existing restrictions may have been effective in ... Read More »
Be the first to comment!Maritime senators issue plea for Ottawa to provide financial support to Maritime Bus
By The Canadian Press on January 19th, 2021
OTTAWA – Twenty-one senators from the Maritimes are urging the federal government to provide financial assistance to an inter-city bus service that they say is in financial peril because of the COVID-19 pandemic. The senators have sent a letter to federal Transport Minister Omar Alghabra, saying Maritime Bus provides an essential service to the health-care ... Read More »
Be the first to comment!Coal policy decisions belong with politicians, not courts, Alberta lawyer argues
By The Canadian Press on January 19th, 2021
CALGARY – An Alberta government lawyer says decisions about environmental policy should be made by elected officials, not the courts. Melissa Burkett is speaking at a court hearing that is to decide whether a request for a judicial review into Alberta’s decision to revoke a policy protecting the Rocky Mountains from coal mining can proceed. ... Read More »
Be the first to comment!Amazon to open five facilities in Quebec and create more than 1,000 jobs
By The Canadian Press on January 19th, 2021
MONTREAL – Amazon says it will open five facilities in Quebec that will create more than 1,000 jobs and speed up customer deliveries. The U.S. online retail giant says it will add two sorting centres and its first three delivery stations in the province. Its largest sorting centre in the province, a 48,300-square-metre facility, will ... Read More »
Be the first to comment!Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL pipeline
By The Canadian Press on January 19th, 2021
WASHINGTON – Prime Minister Justin Trudeau says Canada will continue to fight to convince president-elect Joe Biden’s administration of the merits of the Keystone XL pipeline expansion. Trudeau says Kirsten Hillman, Canada’s envoy to the U.S., is pressing Ottawa’s case with what he calls the “highest levels” of the Biden team. Biden promised during last ... Read More »
Be the first to comment!Goldman Sachs’ profits more than double, despite pandemic
By Ken Sweet, The Associated Press on January 19th, 2021
NEW YORK – Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. The New York-based investment bank said it earned a profit of $4.36 billion, or $12.08 per share, up from a profit of $1.72 billion, or $4.69 a share, in the ... Read More »
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