May 26th, 2024

Business

Manulife to appoint former Teck Resources CEO Don Lindsay as board chair in February

By The Canadian Press on November 11th, 2022

TORONTO – Manulife Financial Corp. says it will name Don Lindsay as chair of the company’s board early next year. Lindsay will replace John Cassaday, who will retire in February after 30 years on the Manulife board, including the past five as chair. Lindsay has served on the Manulife board for the past 12 years ... Read More »

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Zelenskyy says Ukrainian special military units in Kherson

By Hanna Arhirova And John Leicester, The Associated Press on November 11th, 2022

KYIV, Ukraine (AP) – Ukraine’s president said Friday that special military units have entered the city of Kherson. In a video address hours after Russia said it had completed withdrawing troops from the strategically key city, President Volodymyr Zelenskyy said: “As of now, our defenders are approaching the city. In quite a bit, we are ... Read More »

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Despite FTX crisis, it’s not the end for the crypto sector, says industry insider

By The Canadian Press on November 11th, 2022

TORONTO – It’s been a wild week in the crypto market following the collapse of exchange platform FTX, but an industry insider says that while the situation is probably one of the most unfortunate events in the history of the asset class, it’s not the end for the sector. Crypto prices sank dramatically after rival ... Read More »

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Twitter Blue signups unavailable after raft of fake accounts

By Barbara Ortutay, The Associated Press on November 11th, 2022

Twitter’s relaunched premium service – which grants blue-check “verification” labels to anyone willing to pay $8 a month – was unavailable Friday after the social media platform was flooded by a wave of imposter accounts approved by Twitter. Before billionaire Elon Musk took control of the social media platform two weeks ago the blue check ... Read More »

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UN, Russia hold talks on extending wartime grain deal

By The Associated Press on November 11th, 2022

GENEVA (AP) – Top Russian and U.N. officials held talks in Switzerland on Friday to try to iron out the extension of a deal allowing Ukrainian grain shipments and Russian food and fertilizer exports, with just over a week left before the wartime agreement meant to ease a global food crisis is set to expire. ... Read More »

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Emera puts clean energy projects in Nova Scotia on hold after rate cap

By The Canadian Press on November 11th, 2022

HALIFAX – Emera Inc. is putting capital spending on clean energy projects in Nova Scotia on hold as it works through the consequences of the Nova Scotia government’s imposed rate cap on the parent company of Nova Scotia Power. In a conference call to discuss the power utility’s latest financial results, Emera chief executive Scott ... Read More »

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Thomson Reuters plans to acquire SurePrep in US$500 million deal

By The Canadian Press on November 11th, 2022

TORONTO – Thomson Reuters Corporation says it has signed a deal to acquire U.S. company SurePrep, LLC, in a transaction worth US$500 million. Under the terms of the agreement, Thomson Reuters plans to purchase the tax automation software and services company in cash in the first quarter of next year. It plans to receive an ... Read More »

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Embattled crypto exchange FTX files for bankruptcy

By Matt Ott, The Associated Press on November 11th, 2022

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week. FTX and its CEO and founder Sam Bankman-Fried are under investigation by the Department of Justice and the Securities and Exchange Commission to determine whether any criminal activity or securities offenses were committed. The person could not discuss ... Read More »

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Wall Street holds steady, hanging on to big weekly gains

By Joe Mcdonald And Matt Ott, The Associated Press on November 11th, 2022

NEW YORK (AP) – Stocks bounced between small gains and losses in early trading on Wall Street but held on to big gains for the week following a stupendous surge from a day before. The S&P 500 was little changed early Friday, a day after its biggest gain since the spring of 2020. Markets got ... Read More »

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Two provincial privacy watchdogs confirm Sobeys experiencing data breach

By The Canadian Press on November 11th, 2022

STELLARTON, N.S. – Two provincial privacy watchdogs say they have received data breach reports from Sobeys, which has been dealing with “IT system” issues for much of the past week affecting customers seeking prescriptions at some pharmacies it operates. Quebec’s access to information commission confirmed Thursday it received a declaration of a “confidentiality incident” from ... Read More »

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Biden tightens methane emissions rule amid push for more oil

By Matthew Daly And Seth Borenstein, The Associated Press on November 11th, 2022

SHARM EL-SHEIKH, Egypt (AP) – The Biden administration is ramping up efforts to reduce methane emissions, targeting the oil and gas industry for its role in global warming even as President Joe Biden has pressed energy producers for more oil drilling to lower prices at the gasoline pump. Biden was set to announce on Friday ... Read More »

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