August 4th, 2020

Business

Air passenger advocacy group asks top court to hear ticket refund case

By The Canadian Press on August 4th, 2020

OTTAWA – An advocacy group is asking the Supreme Court of Canada to hear a case on passenger refunds as frustration over flights cancelled due to the COVID-19 pandemic continues to simmer. The Air Passenger Rights organization has sought leave to appeal a Federal Court decision that dismissed the group’s attempt to compel the Canadian ... Read More »

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Tampa teenager accused in Twitter hack pleads not guilty

By Associated Press, The Associated Press on August 4th, 2020

TAMPA, Fla. – A Florida teen identified as the mastermind of a scheme that gained control of Twitter accounts of prominent politicians, celebrities and technology moguls pleaded not guilty on Tuesday to multiple counts of fraud. Graham Ivan Clark, 17, is accused of using the hijacked Twitter accounts to scam people around the world out ... Read More »

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Husky targets 25% GHG emissions intensity cut, vows to hire more female leaders

By The Canadian Press on August 4th, 2020

CALGARY – Husky Energy Inc. is joining other major oilsands producers in setting a short-term emissions intensity reduction target as a preliminary step as it works on a way to achieve net zero emissions by 2050. In its 2020 environmental, social and governance (ESG) report, it calls for a 25 per cent emissions per barrel ... Read More »

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TSX up in first trading in August after Civic Holiday closure; U.S. markets rise

By The Canadian Press on August 4th, 2020

TORONTO – Canada’s main stock index gained in its first morning trading in August after Monday’s Civic Holiday closure, while U.S. markets also rose, with Nasdaq reaching another record. The S&P/TSX composite index was up 189.03 points at 16,358.23. In New York, the Dow Jones industrial average was up 97.65 points at 26,762.05. The S&P ... Read More »

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EU regulators investigating Google’s plan to buy Fitbit

By Kelvin Chan, The Associated Press on August 4th, 2020

LONDON – European Union regulators opened an in-depth investigation Tuesday into U.S. tech giant Google’s plan to buy fitness tracking device maker Fitbit. The EU’s executive commission said it was concerned the deal would entrench Google’s position in the online ad market by “increasing the already vast amount of data” the company uses to personalize ... Read More »

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Ford CEO Hackett to retire, COO Jim Farley to lead automaker

By Tom Krisher, The Associated Press on August 4th, 2020

DETROIT – Ford Chief Operating Officer Jim Farley will lead the storied automaker into the future starting Oct. 1 when current CEO Jim Hackett retires. The company has struggled in recent years and is in the midst of an $11 billion restructuring plan designed to make it leaner and crank out new vehicles to replace ... Read More »

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Tristan latest Canadian fashion retailer to seek creditor protection

By The Canadian Press on August 4th, 2020

Montreal-based retailer Boutique Tristan & Iseut Inc. is seeking creditor protection. The company behind the Tristan fashion brand filed a notice of intention on July 21 to file a proposal under the Bankruptcy and Insolvency Act, according to documents posted online by trustee MNP Ltd. MNP says the notice is often the first stage of ... Read More »

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TSX up in first trading in August after Civic Holiday closure; U.S. markets slip

By The Canadian Press on August 4th, 2020

TORONTO – Canada’s main stock index increased in its first early morning trading in August after Monday’s Civic Holiday closure, while U.S. markets dipped. The S&P/TSX composite index was up 147.16 points at 16,316.36. In New York, the Dow Jones industrial average was down 56.42 points at 26,607.98. The S&P 500 index was down 5.61 ... Read More »

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EU regulators investigate Google’s plan to buy Fitbit

By The Associated Press on August 4th, 2020

LONDON – European Union regulators say they’re opening an in-depth investigation into U.S. tech giant Google’s plan to buy fitness tracking device maker Fitbit The EU’s executive commission said Tuesday it’s concerned the deal would entrench Google’s position in the online ad market by “increasing the already vast amount of data” that the company could ... Read More »

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Tech sector drives U.S. markets higher after best four months in a decade

By The Canadian Press on August 3rd, 2020

TORONTO – The continuing strength of the tech sector powered U.S. stock markets higher in the first day of trading in August, after they concluded the best four months in a decade. In New York, the Dow Jones industrial average closed up 236.08 points at 26,664.40. The S&P 500 index was up 23.49 points at ... Read More »

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