Business news

• Trump's Carrier deal saves 800 jobs in exchange for $7M in incentives

  02-12-2016 23:41 via cbc.ca
  
  The $7-million incentive package Carrier Corp. will receive in a deal with U.S. president-elect Donald Trump and vice president-elect Mike Pence is a departure from how tax credits are commonly used in Indiana.
  
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• Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

  02-12-2016 23:17 via news.yahoo.com
  
  Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge's approval. The case is one of many in the Manhattan court in which investors accused banks of conspiring to rig rates and prices in financial and commodities markets.
  
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• U.S. jobless rate falls to nine-year low, payrolls rise

  02-12-2016 23:11 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as more people retired, lowering the number of working-age people in the labor force to 62.7 percent. Economists
  
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• Guillermo Del Toro Blasts Konami After ‘Death Stranding’ Designer Hideo Kojima Receives Industry Icon Award

  02-12-2016 23:10 via ibtimes.com
  
  Guillermo del Toro has once again slammed Konami for canceling the “Silent Hills” project he was working on with Hideo Kojima last year. The famous Mexican film director grabbed the chance to express his hate against the Japanese video games publisher while his friend, Kojima, received the Industry Icon award at the 2016 Game Awards.
  
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• Obama bars China's Fujian from buying Aixtron's U.S. business

  02-12-2016 23:07 via news.yahoo.com
  
  President Barack Obama issued an executive order which prohibits China's Fujian Grand Chip Investment Fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron , the Treasury Department said on Friday. The White House said it was blocking the deal following an assessment done by the Committee on Foreign Investment in the United States, an inter-agency task force led by the Treasury Department. Aixtron has said that the deal would be called off if the U.S. president op
  
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• Chelsea vs. Man City 2016: Prediction, Start Time, Team News For Premier League Match

  02-12-2016 23:03 via ibtimes.com
  
  In an eagerly anticipated contest between two championship challengers, Chelsea’s title surge will be put to its toughest test yet when Antonio Conte’s side heads to Pep Guardiola’s Manchester City on Saturday.
  
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• Android Security Bulletin November 2016: What you need to know

  02-12-2016 23:00 via techrepublic.com
  
  The Android Mediaserver is back in the critical column for vulnerabilities. Get the highlights of the November 2016 bulletin.
  
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• Small banks rally pauses but may not be over yet

  02-12-2016 22:46 via news.yahoo.com
  
  The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump's surprise Nov. 8 victory, while their large-cap peers on the S&P 500 index have jumped over 17 percent. Smaller lenders could potentially add as much as 40 percent to their fourth-quarter 2017 earnings if T
  
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• Costco investigated over allegations pharmacy directors accepted kickbacks for certain brands

  02-12-2016 22:46 via cbc.ca
  
  Costco is being investigated by Ontario's Ministry of Health for its compliance with the province's legislation on selling pharmaceutical and over-the-counter drugs.
  
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• Seth MacFarlane Explains To Twitter Why Hollywood Hates Trump, 'Family Guy' Creator Receives Backlash From Fans

  02-12-2016 22:30 via ibtimes.com
  
  Following Donald Trump’s win in the U.S. presidential election people have been vocal about their unhappiness with the results. Several celebrities have shared their opinion about the president-elect with the latest perspective coming from “Family Guy” creator Seth MacFarlane.
  
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• Wall Street little changed as bank rally pauses

  02-12-2016 22:13 via news.yahoo.com
  
  A U.S. Labor Department report showed employers in private and public sectors hired more people last month than economists had expected, further strengthening expectations of a hike when the U.S. central bank meets Dec. 13 and 14. "If it is in the high one hundred (thousands) on payrolls then everybody is pretty much just yawning at it," said Jeff Weniger, senior strategist at BMO Private Bank in Chicago.
  
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• Wall Street ends near flat; bank stocks fall

  02-12-2016 22:03 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended little changed on Friday after a payrolls report did little to alter expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled.
  
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• U.S. health spending in 2015 rose at fastest rate since 2007

  02-12-2016 21:55 via news.yahoo.com
  
  Growth rose 5.8 percent to $3.2 trillion, or $9,990 per person, according to federal data published in the independent journal Health Affairs and compiled into a report by officials with the Centers for Medicare and Medicaid Services. After five years of historically low growth between 2009 and 2013, spending picked up in 2014 and 2015 as the Affordable Care Act - sometimes referred to as Obamacare - expanded health insurance coverage through marketplace insurance plans and Medicaid, the report
  
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• United to pay $2.4 million over 'Chairman's Flight': U.S. SEC

  02-12-2016 21:26 via news.yahoo.com
  
  United Airlines' parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines' decision in December 2011 to add a nonstop flight between Newark, New Jersey and Columbia, South Carolina for then chairman David Samson's personal benefit harmed sharehol
  
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• How to hide visual clutter on your screen before your next web demo

  02-12-2016 21:15 via techrepublic.com
  
  When giving a demo, make sure you keep the focus on your software, site, and message—not your apps, bookmarks, and extensions.
  
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• 4 of world's biggest cities have plans to get diesel off their streets

  02-12-2016 20:53 via cbc.ca
  
  Four of the world’s largest and most polluted cities have decided to ban diesel cars and trucks from their streets by 2025.
  
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• Deutsche Bank cuts ties with 3,400 clients in trading business

  02-12-2016 19:42 via news.yahoo.com
  
  Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, citing an internal memo. Deutsche Bank Chief Executive John Cryan is stepping up the restructuring pro
  
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• Lufthansa's Eurowings in pay deal with cabin crew

  02-12-2016 19:31 via news.yahoo.com
  
  FRANKFURT (Reuters) - German airline Lufthansa's budget carrier Eurowings has reached an agreement over pay with cabin crew staff, trade union Verdi said on Friday, staving off further strikes.
  
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• 'Making Stelco great again': A Hamilton steel company changes its name back

  02-12-2016 19:23 via cbc.ca
  
  Flags bearing a new, but familiar, name went up at the Hamilton Works steel mill on Wilcox Street on Friday.
  
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• Trump's dilemma: slower job growth or rising rates and inflation?

  02-12-2016 19:14 via news.yahoo.com
  
  A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to tap the brakes with higher interest rates. Since Trump's election, officials at the U.S. central bank have cautiously introduced the possibility that his spending and tax cut plans could prompt a faster pace of rate increases than the two hikes currently foreseen in 2017. With November's decline, the
  
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• Apple to use drones to improve Maps service, compete with Google

  02-12-2016 19:13 via techrepublic.com
  
  Apple recently gained FAA approval to operate drones, and sources say the company will use them to improve its Maps service. Here's what you need to know.
  
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• Fed's Tarullo warns against 'backsliding' on bank regulations

  02-12-2016 19:12 via news.yahoo.com
  
  U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in Washington, referring to the 2008 housing bust that pushed global financial markets to near-collapse.
  
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• Snap, crackle, populism: Why Breitbart is calling for a Kellogg boycott

  02-12-2016 19:05 via cbc.ca
  
  Breitbart News, the conservative U.S. news and opinion website known for its vociferous support of president-elect Donald Trump, is calling on readers to boycott Kellogg food products after the company pulled advertising from the website.
  
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• S&P, Nasdaq set to snap two-day losing streak

  02-12-2016 19:05 via news.yahoo.com
  
  Major Wall Street indexes have hit a series of record highs over the past three weeks, sparked by Donald Trump's victory in the U.S. presidential election as investors bet that his policies would be market friendly. The S&P 500 financial index has risen 13 percent since the Nov. 8 vote, while industrials rose 7.5 percent. Health stocks, which surged in the days following the vote, have since shed most of their gains.
  
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• Top 10 AI failures of 2016

  02-12-2016 18:31 via techrepublic.com
  
  Recent developments in driverless cars, voice recognition, and deep learning show how much machines can do. But, AI also failed us in 2016, and here are some of the biggest examples.
  
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• Starbucks' CEO transition unlikely to stymie growth: analysts

  02-12-2016 18:31 via news.yahoo.com
  
  Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a long-time technology executive. "Howard can't be in that position forever," Morningstar analyst R.J. Hottovy told Reuters. Johnson worked with Schultz for nearly two years and has been on Starbucks' board since 2009.
  
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• 'No warning intended' to pipeline protesters, clarifies Natural Resources Minister Jim Carr

  02-12-2016 18:31 via cbc.ca
  
  Natural Resources Minister Jim Carr says his comments about the possible use of "defence forces" or police during future protests over pipeline projects approved this week by Ottawa weren't meant to be read as a threat.
  
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• U.S. payrolls rise solidly; jobless rate falls to nine-year low

  02-12-2016 18:13 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. The solid employment gains likely reflect growing confidence in the economy, which has been marked by rising consumer spending and inflation. The unemployment rate fell three-tenths of a percentage point last month, hitting its lowest level sin
  
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• Ford recall over faulty seatbelts affects 35,600 Canadian cars

  02-12-2016 17:44 via cbc.ca
  
  Ford is recalling 680,000 mid-sized sedans, including 35,614 in Canada, because of seatbelts that could fail in a crash.
  
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• Investor Cuban to testify at Senate hearing on AT&T-Time Warner deal

  02-12-2016 17:22 via news.yahoo.com
  
  Billionaire investor Mark Cuban will be among the witnesses scheduled to testify at a U.S. Senate Judiciary panel hearing on Dec. 7 on AT&T Inc's proposed $85.4 billion acquisition of Time Warner Inc . AT&T Chief Executive Officer Randall Stephenson and Time Warner CEO Jeffrey Bewkes will also testify at the meeting of the Subcommittee on Antitrust, Competition Policy and Consumer Rights. Cuban, who owns the Dallas Mavericks and Landmark Theatres movie chain, has been a vocal supporter o
  
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• Exclusive: Stagger Brexit over years or we could leave - Banks to Britain

  02-12-2016 17:07 via news.yahoo.com
  
  By Huw Jones, Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. The British Bankers' Association will argue its case in a report to Prime Minister Theresa May's government, outlining the risks for the country if she does not secure a "transition" phase
  
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• Brazil court calls McDonald's to hearing for alleged labor violations

  02-12-2016 17:06 via news.yahoo.com
  
  SAO PAULO (Reuters) - Brazilian labor authorities on Friday called local McDonald's Corp representatives to a hearing on Dec. 13 over alleged violations of the country's labor laws, and said they could impose fines of up to 103 million reais ($30 million).
  
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• GM, Ford Canadian auto sales accelerated in November

  02-12-2016 16:40 via cbc.ca
  
  General Motors Co. and Ford Motor Co. on Thursday reported double-digit rises in Canadian sales for November compared with the same period a year earlier, fuelled by strong demand for SUVs and light trucks and two extra selling days. However, Fiat Chrysler Automobiles reported a decline in Canadian sales.
  
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• Sensor industry to grow to $162 billion thanks to IoT, smart cities and eHealth

  02-12-2016 16:36 via techrepublic.com
  
  The global sensors market is projected to generate more than $162 billion in 2019. Here's what that means for the growth of IoT, 3D printing, and more.
  
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• Oil up 14% in 3 days, Canadian dollar continues climb

  02-12-2016 16:32 via cbc.ca
  
  After a rally that has taken oil 14 per cent higher since OPEC reached a deal to cut production on Wednesday, crude oil prices continued to climb in trading Friday.
  
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• Oil remains above $51 US a barrel, Canadian dollar continues to climb

  02-12-2016 16:32 via cbc.ca
  
  After a rally that has taken oil 13.5 per cent higher since OPEC reached a deal to cut production on Wednesday, crude oil prices continued to climb in trading Friday.
  
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• Oil rally stalls with price at $51 US a barrel, but loonie remains strong

  02-12-2016 16:32 via cbc.ca
  
  After a rally that has taken oil 13 per cent higher since a OPEC reached a deal to cut production on Wednesday, crude prices stalled in overnight trading.
  
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• Ford recalls 680,000 vehicles including Fusion, MKZ

  02-12-2016 16:27 via news.yahoo.com
  
  (Reuters) - Ford Motor Co said on Friday it will recall about 680,000 of its Ford Fusion and Lincoln MKZ sedans to fix a seat belt issue. About 602,000 of the vehicles recalled are in the U.S. market and about 650,000 of them are in North America as a whole. A small amount of Ford Mondeo sedans are also being recalled, but none of them are in North America.
  
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• S&P, Nasdaq rise after two days of losses; Dow slips

  02-12-2016 16:07 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Nasdaq rose in morning trade on Friday, lifted by gains in consumer staples and utility stocks, while the Dow was weighed down by declines in bank shares.
  
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• Former Bank of Canada governor David Dodge calls for higher interest rates

  02-12-2016 15:51 via cbc.ca
  
  Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher.
  
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• Delta Air Lines lowers profit forecast due to new pilot contract

  02-12-2016 15:44 via news.yahoo.com
  
  Delta, the No.2 U.S. airline by passenger traffic, said it will pay $475 million in higher wages and profit-sharing for pilots, including $380 million related to the first three quarters of the year. U.S. and European commercial pilots are demanding their share of recent gains by airlines, which slashed costs last decade to survive higher oil prices and the negative effect the Sept. 11, 2001, hijacked airliner attacks had on air travel. Excluding the impact of the new pilot deal, Delta said its
  
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• How to use PowerShell to investigate Windows Defender's malware signature definitions database

  02-12-2016 15:35 via techrepublic.com
  
  What malware does Windows Defender recognize? Learn how to use PowerShell's Defender cmdlets to peek inside the malware signature definitions database.
  
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• Traders keep bets on Fed rate hike later this month

  02-12-2016 15:30 via news.yahoo.com
  
  Chances of a rate hike at the Fed's Dec. 13-14 meeting were pegged at 95 percent after the report, based on CME's FedWatch page. Before the release, which also showed a solid 178,000 jobs gained last month, traders saw about a 93 percent chance of a December rate hike, and were betting on at least one more rate hike in 2017. Fed officials largely believe that a 4.6 percent unemployment rate is lower than the U.S. economy can sustain for any length of time without creating upward and potentially
  
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• Fed's Brainard cites promise, risks of 'fintech'

  02-12-2016 14:52 via news.yahoo.com
  
  WASHINGTON (Reuters) - New technology that can speed the processing of loans or evaluate credit using only an internet search could revolutionize the financial sector, Fed Governor Lael Brainard said on Friday.
  
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• Canada's jobless rate falls to 6.8%, 11,000 jobs created in November

  02-12-2016 14:51 via cbc.ca
  
  Canada's jobless rate dipped in November to 6.8 per cent, as the economy created 10,700 jobs and fewer people looked for work, Statistics Canada says.
  
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• Starbucks' CEO transition unlikely to disrupt growth: analysts

  02-12-2016 14:44 via news.yahoo.com
  
  Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to disrupt growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a long-time technology executive. The last time Schultz stepped down as CEO - in 2000 - the company's shares had plu
  
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• U.S. stock futures dip after strong jobs data raises rate hike odds

  02-12-2016 14:33 via news.yahoo.com
  
  (Reuters) - U.S. stocks index futures dipped further on Friday, pointing at a weak open on Wall Street, after a strong November jobs report added to the already high prospects of an interest rate hike in the coming weeks.
  
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• Payrolls rise solidly; jobless rate at nine-year low

  02-12-2016 14:32 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON, Dec 2 (Reuters) - - U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. The solid gains in employment likely reflect rising confidence in the economy. Data for September and October were, however, revised to show 2,000 fewer jobs created than previously reported.
  
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• Aixtron will have to cut costs, jobs if U.S. blocks China deal

  02-12-2016 14:08 via news.yahoo.com
  
  By Matthias Inverardi and Harro Ten Wolde FRANKFURT (Reuters) - Aixtron will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China's Fujian Grand Chip Investment Fund (FGC). Shares in the German semiconductor equipment maker fell more than 5 percent on Friday following a report by Bloomberg, citing sources, that said Obama was poised to block the deal. An Aixtron spokesman said it had not received a ruling, but
  
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• Diversifying tech: Yes, white men can be part of the solution and not the problem

  02-12-2016 13:56 via techrepublic.com
  
  Leadership consulting group White Men As Full Diversity Partners treats men in leadership positions as a potential force for change. Can this approach help the tech sector diversify?
  
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