Business
Taxing corporate share buybacks unlikely to boost investment in operations: experts
By The Canadian Press on November 8th, 2022
OTTAWA – Experts say the federal government’s proposed corporate share buyback tax is unlikely to encourage companies to spend more on growing their operations. In last week’s mid-year budget update, the Liberals committed to imposing a two per cent tax on stock buybacks that would go into effect in 2024. Finance Minister Chrystia Freeland says ... Read More »
1 responseMcKenna-led UN group calls for regulation, end to greenwashing in net-zero pledges
By The Canadian Press on November 8th, 2022
Former environment minister Catherine McKenna is calling out weak net-zero commitments and the need for governments to regulate climate pledges in her role as head of a United Nations climate group. Speaking at the latest UN climate talks happing in Egypt, McKenna says corporate climate promises need to be held up to high standards because ... Read More »
1 responseEU’s Call of Duty: Probe Microsoft-Activision Blizzard deal
By Matt O'brien And Raf Casert, The Associated Press on November 8th, 2022
BRUSSELS (AP) – The European Union has launched an investigation into Microsoft’s planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition to popular titles like Call of Duty. Microsoft, maker of the Xbox gaming system, first announced the agreement to buy the California-based game publisher in January, ... Read More »
1 responseEnergy Transition Centre opens its door in downtown Calgary
By The Canadian Press on November 8th, 2022
A new Energy Transition Centre has opened its doors in downtown Calgary today. The centre is a partnership between the University of Calgary, Innovate Calgary and Avatar Innovations, a local company that works with the oil and gas sector on innovation and technology. The Energy Transition Centre is meant to support the research and development ... Read More »
1 responseEU investigates Microsoft’s deal to buy Activision Blizzard
By Matt O'brien And Raf Casert, The Associated Press on November 8th, 2022
BRUSSELS (AP) – The European Union has launched an investigation into Microsoft’s planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition in the market. Microsoft, maker of the Xbox gaming system, first announced the agreement to buy the California-based game publisher in January, but it still awaits ... Read More »
Be the first to comment!S&P/TSX composite up nearly 200 points in late-morning trading, U.S. stocks also up
By The Canadian Press on November 8th, 2022
TORONTO – Strength in the base metals sector helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 193.24 points at 19,739.15. In New York, the Dow Jones industrial average was up 415.31 points at 33,242.31. The S&P 500 index was up ... Read More »
Be the first to comment!From tweets to ‘toots’: Twitter users flock to alternatives after Musk’s takeover
By Tara Deschamps, The Canadian Press on November 8th, 2022
TORONTO – Thousands of Twitter users are in search of new places to congregate and share thoughts online after Elon Musk’s purchase of the social network last month. While the Tesla and SpaceX leader mused about charging for verification and laid off hundreds of Twitter workers last week, people started flocking to these alternate platforms. ... Read More »
Be the first to comment!Looking to grow your network? Experts say get out your head, rely on ‘weak-ties’
By Leah Golob, The Canadian Press on November 8th, 2022
Elaisha Jade Green credits networking for the successful career she has built since moving to Vancouver for work. The 29-year-old, who works in social media marketing and corporate wellness, said building and maintaining professional connections in the early stages of her career has led to new opportunities, starting a business and even new friendships. “Through ... Read More »
1 responseWinning numbers for $2.04B Powerball drawn after delay
By Shameka Dudley-lowe And Scott Mcfetridge, The Associated Press on November 8th, 2022
DES MOINES, Iowa (AP) – The numbers for a record-breaking $2.04 billion Powerball jackpot have been drawn following a delay and players were awaiting the announcement of a possible winner. The numbers for the drawing held in Tallahassee, Florida, were: white balls 10, 33, 41, 47 and 56, and the red Powerball was 10. The ... Read More »
2 responsesStocks drift up and down ahead of election, inflation data
By Elaine Kurtenbach And Matt Ott, The Associated Press on November 8th, 2022
NEW YORK (AP) – Wall Street is drifting in early trading as Americans head to the polls to vote in midterm elections that are being heavily influenced by inflation. More data on that front arrives this week. On Thursday the government reports figures on consumer inflation, which has been running at the hottest rate in ... Read More »
1 responseAdidas appoints boss of rival Puma as CEO after Ye fallout
By The Associated Press on November 8th, 2022
BERLIN (AP) – Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West. Gulden will replace Kasper Rorsted, Adidas’ CEO since 2016, ... Read More »
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