Business news

• Vancouver home sales down 39% in October

  02-11-2016 23:54 via cbc.ca
  
  The Real Estate Board of Greater Vancouver says home sales plunged 38.8 per cent last month compared to October of 2015.
  
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• 'Escape from New York' with Snake Plissken's countdown watch

  02-11-2016 23:15 via cnet.com
  
  Kurt Russell's character bet his life he could beat it, but now fans can support a Kickstarter campaign to make a smartwatch version of the retro timepiece.
  
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• Nissan e-Power to use gas to charge the battery, not turn the wheels

  02-11-2016 23:13 via cnet.com
  
  Its new e-Power drivetrain is a hybrid system unlike most others.
  
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• VW board to discuss brand overhaul on November 4: sources

  02-11-2016 23:08 via news.yahoo.com
  
  Volkswagen's supervisory board will hold an extraordinary meeting on Friday, Nov. 4, to consult on a wide-ranging restructuring of the carmaker, two sources close to the board told Reuters on Wednesday. Management and labour leaders are seeking to agree on cost cuts and investments that will form part of the German carmaker's efforts to revive its fortunes more than a year after the diesel emissions scandal broke. Two weeks before the supervisory board is scheduled to ratify spending plans for t
  
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• Pentagon, Lockheed finalize talks on ninth lot of F-35 jets

  02-11-2016 23:05 via news.yahoo.com
  
  The unilateral agreement on the contract for 57 of the new war planes, will give profit margin certainty to Lockheed and its partners who have been producing the jet under a placeholder agreement known as an "undefinitized contract action". People familiar with the procurement process said that the unilateral decision was rare.
  
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• Is this the new Motorola Moto M?

  02-11-2016 22:59 via cnet.com
  
  Thanks to a recent leak, we may have our first look at the new Motorola Moto M.
  
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• Twenty-First Century Fox beats Wall Street expectations

  02-11-2016 22:55 via news.yahoo.com
  
  Twenty-First Century Fox Inc reported first-quarter profits on Wednesday that beat Wall Street's expectations, as the company's cable channels and box office saw a boost in revenues. Fox, which is home to Fox News Channel and FX, saw its cable division revenue rise nearly 10 percent to $3.81 billion in the first quarter, accounting for more than half of total revenue. James Murdoch, chief executive officer at Fox, told analysts on a call Wednesday that he expects Fox's strong ratings during the
  
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• Watch The Game Awards from front row in VR

  02-11-2016 22:54 via cnet.com
  
  If you don't have a ticket to the video game industry's Oscars, at least you can pretend to be there.
  
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• Facebook warns growth will slow, shares dip

  02-11-2016 22:51 via news.yahoo.com
  
  Facebook Inc shares tumbled more than 6 percent in after-hours trading on Wednesday after the company warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estimates. In a call with analysts, Facebook Chief Financial Officer David Wehner said ad growth would likely slow "meaningfully" due to limits on "ad load," or the number of ads that Facebook can put in front of customers without alienating them. Facebook shares were down 6.9 percent in
  
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• Patience an asset for U.S. businesses seeking opportunities in Cuba

  02-11-2016 22:41 via news.yahoo.com
  
  Red tape and slow approvals from Washington and Havana make it hard for U.S. companies to do business in Cuba despite a detente between the U.S. and Cuban governments, according to American executives in Havana for an annual trade fair this week. In the build-up to the fair, representatives from 25 U.S. companies spoke about opportunities on the Communist-ruled island as they gathered at the former U.S. Businessmen’s Club in Old Havana. It was a symbolic location, in a building taken over
  
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• Exclusive: Pentagon, Lockheed agree to deal on 9th lot of F-35 jets - sources

  02-11-2016 22:37 via news.yahoo.com
  
  The unilateral agreement is for 57 of the new war planes in the F-35 program, the Pentagon's costliest arms program. Representatives for the Pentagon and Lockheed did not immediately return requests for comment.
  
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• Facebook reports sharp rise in revenue, shares dip

  02-11-2016 22:29 via news.yahoo.com
  
  Mobile ads accounted for 84 percent of Facebook's total advertising revenue of $6.82 billion in the third quarter that ended Sept. 30, compared with 78 percent a year earlier. The company is also reaping the benefits of a big push into video, both on Facebook itself and on the Instagram photo app. Facebook reported a 55.8 percent rise in quarterly revenue, to $7.01 billion, beating analysts' average estimate of $6.92 billion, according to Thomson Reuters I/B/E/S.
  
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• Microsoft Teams: 7 things you need to know

  02-11-2016 22:26 via cnet.com
  
  The new Office 365 component for collaborative communication is Microsoft's long-promised answer to Slack.
  
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• Saskatchewan to drill most oil and gas wells in 2017, says PSAC

  02-11-2016 22:21 via cbc.ca
  
  Saskatchewan is expected to lead the country in oil well drilling in 2017, followed closely by Alberta, according to the Petroleum Services Association of Canada's latest forecast.
  
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• DOJ sues AT&T's DirecTV for blocking Dodgers channel

  02-11-2016 22:09 via cnet.com
  
  A federal suit against AT&T's satellite TV business over alleged collusion with other providers could throw a monkey wrench into AT&T's Time Warner buyout.
  
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• Don't call it 'compensation': Under CETA, dairy farmers getting help 'to compete'

  02-11-2016 22:07 via cbc.ca
  
  Canada's dairy sector will receive help to adjust to more competition from the new European cheese imports expected under the terms of the Canada-EU trade deal signed last weekend. But don't call it compensation: the Liberals have something else in mind.
  
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• Facebook goes full-throttle into video as earnings soar

  02-11-2016 21:48 via cnet.com
  
  The social network wants you to post more video of yourself. Its third-quarter earnings show how Mark Zuckerberg will turn your ego into dollars.
  
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• Mobile traffic, ad revenue boost Facebook's Q3 results

  02-11-2016 21:41 via cbc.ca
  
  Facebook Inc. has reported a 55.8 per cent rise in quarterly revenue, beating analysts' estimates, as its mobile-advertising sales soared.
  
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• SF cab company sues Uber for 'predatory' pricing

  02-11-2016 21:36 via cnet.com
  
  Flywheel Taxi says Uber uses its billions to put rivals out of business and create a monopoly.
  
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• Canada's next big energy bet has same high stakes as oilsands

  02-11-2016 21:34 via cbc.ca
  
  Not many folks outside of Alberta pay much attention to Grande Prairie, a northern outpost tucked away in the bush about 450 kilometres northwest of Edmonton. But that's about to change. Across the province, another frontier town, Fort McMurray, knows what's coming.
  
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• Uber rebuilds its app from the ground up

  02-11-2016 21:32 via cnet.com
  
  Uber tries to speed pickups, offers personal destination ideas and gives you the option of driving straight to a friend. No new safety features though.
  
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• S&P 500 ends down for seventh straight session

  02-11-2016 21:32 via news.yahoo.com
  
  The U.S. central bank held interest rates steady, but said the economy had gained steam and job gains remained solid, expressing more optimism that inflation was moving toward its 2 percent target. It was the last Fed decision before next week's presidential election between Democrat Hillary Clinton and Republican Donald Trump, a race that has rattled markets as it has appeared to grow closer in the past week.
  
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• Fitbit's holiday-quarter sales forecast misses estimates, shares plunge

  02-11-2016 21:30 via news.yahoo.com
  
  (Reuters) - Wearable fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well short of analysts estimates, hurt by stiff competition from rival device makers. Shares of the company, which also reported lower-than-expected quarterly revenue, plummeted more than 30 percent in extended trading on Wednesday. Fitbit forecast revenue of $725 million to $750 million for the key holiday-shopping quarter, well below analysts' estimates of $985.1 million, according
  
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• Twenty-First Century Fox revenue rises more than expected

  02-11-2016 21:29 via news.yahoo.com
  
  The first presidential debate between Democrat Hillary Clinton and Republican Donald Trump was televised across cable and broadcast networks including the Fox channel on Sept. 26, during Fox's first quarter. The other two debates took place during Fox's current quarter.
  
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• How to set up database replication with MariaDB

  02-11-2016 20:53 via techrepublic.com
  
  Setting up database replication is one of the most reliable means of getting a real-time backup of your MariaDB data. See how easy this is to achieve.
  
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• Honeywell lands $15 million smart grid project with Connexus Energy

  02-11-2016 20:44 via techrepublic.com
  
  Smart grids and IoT-connected meters are the new energy standards in smart city technology. Find out how Honeywell is deploying advanced smart grid technology in Minnesota.
  
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• Johnny Depp's Harry Potter role isn't magical news for all fans

  02-11-2016 20:40 via cnet.com
  
  Warner Bros won't confirm the actor's exact role in the film series, but the internet thinks it has a pretty good idea. And naturally, there's some controversy.
  
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• Apple, the company that now sells how many dongles?

  02-11-2016 20:22 via cnet.com
  
  Technically Incorrect: Just how askew is Apple's new dongle fetish? Compare it with how the company once competed against Microsoft.
  
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• U.S. appeals court hears arguments on scope of Petrobras class action

  02-11-2016 20:15 via news.yahoo.com
  
  Attorneys for Brazil's state-controlled oil company, Petroleo Brasileiro SA, asked a U.S. federal appeals court on Wednesday to decertify a class of investors trying to recoup billions of dollars in losses stemming from a sprawling corruption scandal. Petrobras, as the company is known, and its bank underwriters argued that it is not clear buyers and sellers of the company's securities, traded on exchanges all around the world, were doing transactions in the Unites States. Only securities traded
  
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• Volkswagen board to discuss brand overhaul on November 4: sources

  02-11-2016 20:14 via news.yahoo.com
  
  The supervisory board of Volkswagen will hold an extraordinary meeting on Friday, Nov. 4, to consult on a wide-ranging restructuring of the carmaker, two supervisory board sources told Reuters on Wednesday. Management and labor leaders are currently seeking to reach agreement on cost cuts and strategy in time for a Nov. 18 meeting of the supervisory board to ratify spending targets across the group for the coming years. The sheer size of the revamp, with the need for cost savings amplified by Vo
  
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• Vivaldi: A stellar web browser, but don't make it your default yet

  02-11-2016 20:03 via techrepublic.com
  
  Before making the switch to Vivaldi, read what an avid Chrome fan likes and doesn't like about this much-talked about web browser.
  
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• Wall St. lower as Fed sets stage for Dec rate hike

  02-11-2016 20:02 via news.yahoo.com
  
  It was the last Fed decision before next week's presidential election between Democrat Hillary Clinton and Republican Donald Trump, a race that appears to be increasingly close. "There’s election uncertainty out there as well as the Fed uncertainty," said John Canally, investment strategist and economist for LPL Financial in Boston. The Dow Jones industrial average fell 52.32 points, or 0.29 percent, to 17,984.78, the S&P 500 lost 11.29 points, or 0.53 percent, to 2,100.43 and the Nasd
  
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• Hulk Hogan no longer a 'single-digit millionaire' as he settles with Gawker for $31M

  02-11-2016 19:55 via cbc.ca
  
  Terry Bollea's four-year cage match with defunct news website Gawker is finally over and the wrestler will receive $31 million in cash for his troubles — a lower amount than a court had previously awarded for having his privacy invaded.
  
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• Infographic: 7 ways to build trust in data and analytics at your company

  02-11-2016 19:54 via techrepublic.com
  
  Nearly half of data and analytics decision makers say their C-level executives do not fully support the organization's data and analytics strategy. Here's how to grow trust and make changes.
  
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• Oil down almost 3% after record buildup in U.S. crude supplies

  02-11-2016 19:35 via cbc.ca
  
  Oil prices fell Wednesday after a report on U.S. crude inventories showed a record weekly buildup.
  
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• Obamacare really is like the Galaxy Note 7, says Trump campaign

  02-11-2016 19:34 via cnet.com
  
  Technically Incorrect: Mike Pence, Donald Trump's vice presidential nominee, insists that President Obama's joke about Samsung misfired.
  
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• Why AI and machine learning are so hard, Facebook and Google weigh in

  02-11-2016 19:33 via techrepublic.com
  
  AI remains elusive in part because the humans programming it struggle to get outside themselves. But, it still holds promise for the future.
  
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• Fed holds rates steady, sets stage for December hike

  02-11-2016 19:26 via news.yahoo.com
  
  The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up. Fed policymakers also expressed more optimism that inflation was moving toward their 2 percent target. "The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued
  
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• Wall St. falls after Fed sets stage for Dec rate hike

  02-11-2016 19:25 via news.yahoo.com
  
  “The Fed is teasing investors by inserting language to suggest they need just a little bit more evidence of progress towards its objectives," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin. The Dow Jones industrial average fell 52.63 points, or 0.29 percent, to 17,984.47, the S&P 500 lost 10.96 points, or 0.52 percent, to 2,100.76 and the Nasdaq Composite dropped 36.67 points, or 0.71 percent, to 5,116.91.
  
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• Membership has its privileges in Amazon's physical bookstores

  02-11-2016 19:22 via cnet.com
  
  Non-Prime members shopping in the e-commerce giant's brick-and-mortar stores pay list price for books and other items.
  
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• 5 macOS screen capture apps that make sharing important info a snap

  02-11-2016 19:19 via techrepublic.com
  
  Taking a screenshot isn't hard, but making use of them can be a lot trickier. Here are five apps for your Mac that can make your screen captures far more functional.
  
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• Microsoft's Hadoop-friendly Azure Data Lake will be generally available in weeks

  02-11-2016 19:05 via techrepublic.com
  
  Joseph Sirosh, corporate VP for Microsoft's data group, says the Azure-hosted big data analytics offering is "one of our fastest growing data services".
  
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• Delta turns to apartment-sharing service Airbnb for more business

  02-11-2016 19:05 via news.yahoo.com
  
  (Reuters) - Delta Air Lines Inc on Wednesday announced a marketing agreement with Airbnb, becoming one of the largest established companies in the travel industry to embrace the 8-year-old apartment-sharing service. Delta, the world's No. 2 airline by passenger traffic, said customers can earn award miles toward free flights when booking stays with Airbnb. This follows similar promotions from Virgin America Inc and Australia's Qantas Airways Ltd. Airlines have long marketed hotel packages to dra
  
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• Lenovo officially launches the Phab 2 Pro, the first Google Tango phone

  02-11-2016 19:01 via techrepublic.com
  
  The first phone to be powered by Google's augmented reality tech, Tango, has come to life in the Lenovo Phab 2 Pro.
  
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• Gawker settles with ex-pro wrestler Hulk Hogan for $31 million: court document

  02-11-2016 18:54 via news.yahoo.com
  
  By Jessica DiNapoli NEW YORK (Reuters) - Shuttered online news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who obtained a $140 million judgment against the site over a leaked sex tape. Hogan's judgment forced Gawker, known for its irreverent tone and gossipy posts, into bankruptcy in June. "As with any negotiation for resolution, all parties have agreed it is time to move on," said Hogan's attorney, David Houston in a prepa
  
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• NY authorities seek $872 million fine on UPS for cigarette shipments

  02-11-2016 18:52 via news.yahoo.com
  
  The closing arguments came in a lawsuit over whether UPS illegally shipped more than 683,000 cartons of untaxed cigarettes, mostly from reservation smoke shops. The lawsuit is part of a broader effort by the state to combat smuggling of cigarettes from lower-tax areas. John Oleske, a lawyer for the state, told U.S. District Judge Katherine Forrest that a stiff penalty was justified because UPS acted with "an entitled sense of disregard" for the law in failing to vet shipments from entities on th
  
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• Microsoft Teams challenges Slack for office dominance

  02-11-2016 18:52 via cnet.com
  
  Who will win the workplace-chat war? Microsoft is going head-to-head with Slack and Facebook.
  
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• Watch a near-Earth asteroid get eclipsed by our planet

  02-11-2016 18:36 via cnet.com
  
  Asteroid 2016 VA took a jaunt up close to Earth and got caught in the planet's shadow along the way.
  
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• Mopar just made it easier to shove a new Hemi into your old hot rod

  02-11-2016 18:21 via cnet.com
  
  Its new Crate Hemi Engine Kits make the engine swap nearly plug-and-play.
  
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• New image captures gorgeous pillars before stars destroy them

  02-11-2016 18:20 via cnet.com
  
  The Hubble Space Telescope captured its iconic image of the "Pillars of Creation" back in 1995. Now a ground-based telescope has spied the sequel.
  
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