Business
EU member countries reach compromise on gas price cap
By Samuel Petrequin, The Associated Press on December 19th, 2022
BRUSSELS (AP) – European Union ministers on Monday finalized a long-awaited deal to implement a natural gas price cap that they hope will help households and businesses better weather excessive price surges. EU member countries had failed to overcome their differences at previous emergency meetings, but several EU leaders said last week that fixing a ... Read More »
Be the first to comment!FTX founder expected to drop fight against extradition to US
By Associated Press, The Associated Press on December 19th, 2022
Sam Bankman-Fried arrived at a courthouse in the Bahamas early Monday and is expected to tell a judge he will not fight extradition to the U.S., where he faces multiple criminal and civil charges related to the collapse of cryptocurrency exchange FTX. The decision comes just a week after Bankman-Fried’s lawyers had initially said that ... Read More »
Be the first to comment!TC Energy says cold weather could slow recovery of oil from Keystone pipeline leak
By The Canadian Press on December 19th, 2022
CALGARY – TC Energy Inc. says upcoming cold weather has the potential to slow the recovery of the oil spilled from its Keystone pipeline leak in Kansas. The company says it has recovered an estimated 7,233 barrels of oil from a creek as of 5 p.m. CT on Sunday. The Keystone pipeline suffered the worst ... Read More »
Be the first to comment!Third air bag death confirmed, owners urged to get repairs
By Tom Krisher, The Associated Press on December 19th, 2022
DETROIT (AP) – Stellantis and U.S. safety regulators have confirmed that an exploding Takata air bag inflator has killed another driver. The company and the National Highway Traffic Safety Administration reiterated warnings to owners of 274,000 older Dodge and Chrysler vehicles to stop driving them until faulty inflators are replaced. Stellantis announced two deaths in ... Read More »
Be the first to comment!Number of job vacancies down in the third quarter: Statistics Canada
By The Canadian Press on December 19th, 2022
OTTAWA – Statistics Canada says the number of job vacancies fell in the third quarter after reaching a record high in the second quarter. The agency says employers in Canada were actively seeking to fill 959,600 vacant positions in the third quarter, down 3.3 per cent from 992,200 in the April-to-June period. However, job vacancies ... Read More »
Be the first to comment!Wall Street opens mixed, coming off 2 straight weekly losses
By Joe Mcdonald And Matt Ott, The Associated Press on December 19th, 2022
NEW YORK (AP) – Stocks are off to a mixed start on Wall Street as gains for energy companies are offset by losses elsewhere in the market. Major indexes are coming off two weeks of losses. European markets are higher and Asian markets closed lower overnight. Shares of Facebook’s parent company were lower after the ... Read More »
Be the first to comment!Foodtastic to buy healthy fast food restaurant chain Freshii for $74.4 million
By The Canadian Press on December 19th, 2022
MONTREAL – Foodtastic Inc. has signed a deal to buy healthy fast food restaurant chain Freshii Inc. for $74.4 million. Foodtastic CEO Peter Mammas says Freshii will help Foodtastic expand into a new category. The Montreal-based restaurant franchisor behind brands like Second Cup, Pita Pit and Milestones also recently announced plans to acquire Quesada Burritos ... Read More »
Be the first to comment!Pre-paying for meals and shorter work week among changes in restaurant rebirth scene
By Cassandra Szklarski, The Canadian Press on December 19th, 2022
TORONTO – Since netting a Michelin star earlier this year, Vancouver’s Québécois-themed bistro St. Lawrence has been especially busy, with its chef crediting robust bookings to the confluence of extra buzz and the annual crush of holiday revellers. In order to manage the flood of reservations, restaurateur J-C Poirier says bookings are capped at one ... Read More »
Be the first to comment!Enghouse Systems signs deal to buy Qumu for US$18 million in cash
By The Canadian Press on December 19th, 2022
MARKHAM, Ont. – Enghouse Systems Ltd. has signed a deal to buy Qumu Corp., a provider of cloud-based enterprise video technology, for US$18 million. Under the agreement, Enghouse will pay 90 cents US per share in cash for the company. Qumu shares closed at 44 cents US on Friday. Enghouse chairman and CEO Steve Sadler ... Read More »
Be the first to comment!Twitter poll closes with users voting for Musk exit as chief
By Matt O'brien, The Associated Press on December 19th, 2022
More than half of 17.5 million users who responded to a Twitter poll created by billionaire Elon Musk over whether he should step down as head of the company had voted yes by the time the poll closed Monday. There was no immediate announcement from Twitter, or Musk, about whether that would happen, though Musk ... Read More »
Be the first to comment!EU accuses Meta of antitrust breaches with classified ads
By The Associated Press on December 19th, 2022
LONDON (AP) – The European Union on Monday accused Facebook parent Meta of breaching the bloc’s antitrust rules by distorting competition in the online classified ads business. The bloc’s executive commission said Monday that it “takes issue” with the tech company tying its online classified ad business, Facebook Marketplace, to Facebook. That means Facebook users ... Read More »
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