August 4th, 2020

Business

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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Trump fires TVA chair, cites hiring of foreign workers

By Zeke Miller, The Associated Press on August 3rd, 2020

WASHINGTON – President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federal-owned corporation for hiring foreign workers. Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he threatened to remove other board members ... Read More »

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Trump fires Tennessee Valley Authority chair, cites high pay

By Zeke Miller, The Associated Press on August 3rd, 2020

WASHINGTON – President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, saying the executive was getting paid too much and was hiring foreign workers. Trump told reporters at the White House that he was formally removing the authority’s chair of the board and another member of the board, ... Read More »

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Prosecutor seeking Trump’s taxes cites probe of his business

By Larry Neumeister, The Associated Press on August 3rd, 2020

NEW YORK – Lawyers for a Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge Monday that it was justified in demanding them because of public reports of “extensive and protracted criminal conduct at the Trump Organization.” Trump’s lawyers last month said the grand jury subpoena for the tax returns was ... Read More »

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More corporate meetings to go virtual after success during pandemic

By Dan Healing, The Canadian Press on August 3rd, 2020

CALGARY – Any shareholder who’s ever endured hours of travel to attend a company’s annual meeting is in for good news in the wake of the COVID-19 pandemic. Experts say the success of AGMs taken virtual this year will likely translate into more options for online and teleconference participation at future events – provided that ... Read More »

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Charities worry about loss of trust, donations in wake of WE deal controversy

By The Canadian Press on August 3rd, 2020

OTTAWA – The head of a group promoting charities says the sector is worried about long-term negative impacts of the ongoing WE controversy on Parliament Hill. Imagine Canada’s Bruce McDonald says the concerns are that donors will pull back on giving money, or volunteering their time, due to a lack of trust in how it’s ... Read More »

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Trump takes disciplinary action against TVA leadership

By Zeke Miller, The Associated Press on August 3rd, 2020

WASHINGTON – President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority claiming it has betrayed American workers. Trump told reporters at the White House that he was formally removing the authority’s chair of the board and another member of the board and threatened to remove other board members ... Read More »

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US manufacturing improves in July, future clouded by virus

By Martin Crutsinger, The Associated Press on August 3rd, 2020

WASHINGTON – U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. manufacturing ... Read More »

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US manufacturing improves in July, outlook clouded by virus

By Martin Crutsinger, The Associated Press on August 3rd, 2020

WASHINGTON – U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. manufacturing ... Read More »

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Tucows, Dish Network form alliance based on Ting Mobile service in United States

By The Canadian Press on August 3rd, 2020

TORONTO – Tucows Inc. is selling its Ting Mobile retail phone service in the United States to the company that offers Dish satellite TV and other services. Financial terms of the agreement with Dish Network Corp. weren’t included in Monday’s media announcement. However, in a statement to shareholders Tucows says it will receive future payments ... Read More »

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