Ireland fines Meta 390M euros in latest privacy crackdown
By The Associated Press on January 4th, 2023
LONDON (AP) – Irish regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity. Ireland’s Data Protection Commission imposed two fines totaling 390 million euros ($414 million) in its decision ... Read More »
Be the first to comment!US job openings fell slightly in November yet still high
By Christopher Rugaber, The Associated Press on January 4th, 2023
WASHINGTON (AP) – U.S. job openings slipped in November but remained high suggesting businesses remain determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains. There were 10.46 million job vacancies on the last day of November, down slightly from 10.51 million in October, the Labor Department said ... Read More »
Be the first to comment!Technology stocks lead Wall Street higher in early trading
By Joe Mcdonald And Matt Ott, The Associated Press on January 4th, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street, led by gains in the tech sector, which has been taking a beating over the past year. Salesforce rose nearly 4% in the early going Wednesday after becoming the latest tech company to announce layoffs. The company, a member of the Dow Jones Industrial ... Read More »
Be the first to comment!CIBC to appeal New York court liability ruling in Cerberus lawsuit
By The Canadian Press on January 4th, 2023
TORONTO – CIBC says it will appeal a New York court decision finding the Canadian bank liable for damages in a lawsuit brought by Cerberus Capital Management LP. The bank says it expects the total amount of damages, inclusive of prejudgment interest, will be about US$848 million through to Dec. 1, 2022. CIBC says it ... Read More »
Be the first to comment!Aurora Cannabis closes sale of Aurora Polaris facility for $15M in gross proceeds
By The Canadian Press on January 4th, 2023
EDMONTON – Aurora Cannabis Inc. says it has closed the sale of its Aurora Polaris facility. The company says gross proceeds from the sale totalled about $15 million. Aurora announced in 2021 that it would close the Alberta property as part of a plan to streamline its operations. It said at the time that the ... Read More »
1 responseCanfor extending temporary sawmill curtailments in B.C.
By The Canadian Press on January 4th, 2023
VANCOUVER – Canfor Corp. is extending sawmill curtailments in B.C. due to what it says are ongoing weak market conditions and a lack of available economic fibre. The Vancouver-based company says production will be reduced through two-week curtailment extensions in January at select solid wood facilities in B.C. The decision will remove about 21 million ... Read More »
Be the first to comment!Federal Court of Appeal sets Jan. 24 for hearing on Rogers-Shaw deal
By The Canadian Press on January 3rd, 2023
OTTAWA – The Federal Court of Appeal will hear the Competition Bureau’s appeal of a decision that cleared the way for Rogers Communication Inc.’s takeover of Shaw Communications Inc. on Jan. 24. The Competition Bureau is appealing the Competition Tribunal’s dismissal of its efforts to block the $26-billion deal, stating the tribunal made fundamental errors ... Read More »
1 responseS&P/TSX composite up on first trading day of 2023, US markets slightly down
By The Canadian Press on January 3rd, 2023
TORONTO – Canada’s main stock index ended the first day of the trading year up just 0.30 per cent, with losses in energy offset by gains in several other sectors, while U.S. markets were slightly down. The S&P/TSX composite index was up 58.85 points at 19,443.77. In New York, the Dow Jones industrial average was ... Read More »
1 responseFTX founder Sam Bankman-Fried pleads not guilty to fraud
By Larry Neumeister, The Associated Press on January 3rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October. Bankman-Fried, 30, denied charges accusing him of illegally diverting massive sums of customer money ... Read More »
1 responseWall Street slips in 2023 open after ending dismal year
By Damian J. Troise And Alex Veiga, The Associated Press on January 3rd, 2023
NEW YORK – Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates, all the while bracing for the recession and higher unemployment that could result from those ... Read More »
1 responseFTX founder Sam Bankman-Fried pleads not guilty in New York
By Larry Neumeister, The Associated Press on January 3rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians ... Read More »
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