Business news

• Bracing for looming lumber war, B.C. town cautiously hopeful

  17-01-2017 23:47 via cbc.ca
  
  Bracing for uncertainty under the new U.S. administration, British Columbia's lumber producers are working out ways to Trump-proof the industry.
  
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• Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

  17-01-2017 23:36 via news.yahoo.com
  
  Wal-Mart will add 10,000 jobs this year while GM announced $1 billion in investment that would create 1,500 U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States and has put pressure on them to hire more U.S. workers.
  
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• Allergan to pay $15 million over failing to disclose merger talks

  17-01-2017 23:33 via news.yahoo.com
  
  A unit of Botox maker Allergan Plc will pay a $15 million penalty and admit to wrongdoing, after U.S. regulators on Tuesday accused the unit of failing to disclose 2014 merger talks with Actavis, the U.S. Securities and Exchange Commission said. In a statement on Tuesday, the SEC said that the disclosure failures occurred in the months after the company received a tender offer from Valeant Pharmaceuticals International and co-bidder Pershing Square Capital Management, the hedge fund run by Bill
  
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• Microsoft wants to make conversing with your computer the new normal

  17-01-2017 23:10 via techrepublic.com
  
  In a mobile-first, cloud-first world, conversing with a computer through your smartphone may be the best way to communicate. Microsoft's research is heading that way.
  
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• Wall Street declines as some post-election gainers reverse

  17-01-2017 22:45 via news.yahoo.com
  
  U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies by U.S. President-elect Donald Trump, which pushed the dollar the dollar to its lowest level in more than a month and bond yields down as investors cut risk. The S&P 500 financial index , which has rallied since the election on expectations of higher interest rates and reduced r
  
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• Deutsche Bank CEO apologizes for conduct in toxic mortgages case

  17-01-2017 21:47 via news.yahoo.com
  
  Deutsche Bank's chief executive apologized on Tuesday for the bank's selling and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis, which prompted a $7.2 billion settlement with the United States. The U.S. Department of Justice said earlier that Deutsche Bank would pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief to homeowners, borrowers and communities harmed by its practices.
  
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• 10 years supporting Apple's iconic iPhone: An IT consultant's reflections

  17-01-2017 21:37 via techrepublic.com
  
  Apple's iPhone celebrates its 10th anniversary in 2017. The revolutionary device not only reset smartphone expectations, but it introduced an entirely new BYOD paradigm. Erik Eckel explains.
  
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• Caesars wraps up $18 billion bankruptcy case, eyes future

  17-01-2017 21:36 via news.yahoo.com
  
  Caesars Entertainment Corp has wrapped up the $18 billion bankruptcy of its main operating unit, allowing the casino company to focus on restoring the tarnished Harrah's, Caesars and Horseshoe brands after two years of Chapter 11 proceedings. Caesars' subsidiary, Caesars Entertainment Operating Co Inc (CEOC), won court approval on Tuesday for a plan to shed $10 billion of debt and separate its U.S.-based property assets from its gaming operations. "Upon CEOC's emergence, we will be positioned to
  
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• Canadian energy firms at risk from cyber, bomb attacks: CSIS

  17-01-2017 21:27 via cbc.ca
  
  Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters.
  
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• Startup Sndr planning encrypted file management for small businesses

  17-01-2017 21:24 via techrepublic.com
  
  There are plenty of enterprise systems for remote file management and data encryption. A startup, Sndr, hopes to bring similar functions to small businesses.
  
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• McDonald's Canada warns all products may now come in contact with nuts

  17-01-2017 21:15 via cbc.ca
  
  McDonald's Canada has started serving its first product containing peanuts or tree nuts that do not come in an individual package, causing concerns for customers with severe nut allergies.
  
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• Wall Street falls as some post-election gainers reverse

  17-01-2017 21:08 via news.yahoo.com
  
  U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index was down 2 percent.
  
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• Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages

  17-01-2017 21:01 via news.yahoo.com
  
  Deutsche Bank has signed a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday. The Frankfurt-based bank announced it had reached the agreement in principle with U.S. authorities on Dec. 23. The agreement offered some relief to the German lender, whose stock price was hit hard in September after it acknowledged the Justice Department had been seeking ne
  
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• Canadian oilpatch worried by possible Trump border tax on crude

  17-01-2017 20:15 via cbc.ca
  
  Canadian oil industry leaders are trying to get a better idea what the impact of a new import tax in the United States would be on Canada's energy sector if the Trump administration embraces it.
  
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• Rolls-Royce shares jump on profit upgrade, bribery settlement

  17-01-2017 20:11 via feeds.foxbusiness.com
  
  Shares in Rolls-Royce leapt on Tuesday after the British maker of engines for planes and ships finalized a 671 million-pound ($831 million) deal to settle a lengthy bribery investigation and said 2016 profits beat previous expectations.
  
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• Pershing Square, nine others hit with SEC 'pay to play' violations

  17-01-2017 20:02 via news.yahoo.com
  
  Billionaire investor Bill Ackman's hedge fund paid $75,000 to settle civil "pay-to-play" charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy investors, was one of 10 firms that settled charges with the SEC after having allegedly received compensation from pension funds within two years of making political
  
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• Boeing CEO sees 'near term' plane deal after Trump meeting

  17-01-2017 19:38 via news.yahoo.com
  
  Boeing Co's chief executive said on Tuesday that he and President-elect Donald Trump "made progress" on lowering the cost of the Air Force One presidential aircraft fleet and on a potential sale of Boeing fighter aircraft, and suggesting a deal could be struck soon. Boeing CEO Dennis Muilenburg's visit to Trump Tower on Tuesday marked another step in Trump's efforts to use his bully pulpit to cut better deals with defense contractors.
  
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• Microsoft CEO Nadella: AI should augment human workers, not replace them

  17-01-2017 19:36 via techrepublic.com
  
  At a recent World Economic Forum annual meeting, Microsoft CEO Satya Nadella spoke on his company's approach to AI and how it will affect the future of work.
  
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• U.S. says Rolls-Royce to pay $170 million as part of bribery settlement

  17-01-2017 19:18 via news.yahoo.com
  
  WASHINGTON (Reuters) - Rolls-Royce Plc has agreed to pay the United States a $170 million criminal penalty as part of a global settlement to resolve bribery investigation, the U.S. Department of Justice said in a statement on Tuesday.
  
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• This Industrial Internet of Things Play Gained 31% in 2016, but What Will 2017 Bring?

  17-01-2017 19:13 via feeds.foxbusiness.com
  
  A look at the risk/reward calculation in buying Rockwell Automation stock. The company has a good growth outlook, but is it all in the price already?
  
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• Wall Street falls as bank, healthcare shares weigh

  17-01-2017 19:08 via news.yahoo.com
  
  Biotech and pharma stocks declined after Trump told the Washington Post that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The S&P 500 healthcare sector fell 0.7 percent, while Nasdaq biotech index slipped 1.8 percent. Investors maybe concerned that Trump is "going after the Affordable Care Act and is burning a little political capital that might otherwise have been used for business friendly matters," said Art Hogan, chief market st
  
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• May's Brexit: going it alone, hoping for an EU trade deal

  17-01-2017 19:06 via news.yahoo.com
  
  Prime Minister Theresa May has finally outlined what Brexit really means for her: Britain going it alone, fully disentangled from the European Union while hoping the bloc will agree to a comprehensive trade deal. Britain will exit the EU's vast internal market for goods and services and will instead try for a "bold and ambitious" free trade agreement (FTA), rejecting the kind of arrangements some other European countries, such as Norway and Switzerland, have for trade with the world's biggest ec
  
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• Maybe Apple, Inc.'s AirPods Aren't Doing As Well As You Think

  17-01-2017 19:01 via feeds.foxbusiness.com
  
  But either way you slice it, AirPods are still selling well.
  
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• Altria Stock History: How the Tobacco Giant Became the Most Successful Stock Ever

  17-01-2017 18:59 via feeds.foxbusiness.com
  
  The tobacco giant has overcome adversity to give loyal shareholders impressive returns.
  
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• Wal-Mart pledges to keep hiring pace in U.S. this year

  17-01-2017 18:50 via news.yahoo.com
  
  Wal-Mart Stores Inc will create about 10,000 jobs in the United States this year as part of a previously announced plan, it said on Tuesday, as President-elect Donald Trump puts pressure on companies to hire more U.S. workers. The world's largest retailer joined companies like General Motors Co and Amazon.com Inc , which have rushed to announce their plans to add U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing
  
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• Get Started: Business sales are upbeat sign about economy

  17-01-2017 18:34 via feeds.foxbusiness.com
  
  BUSINESS SALES BOOM Sales of small businesses rose more than 8 percent last year, a sign of increasing confidence in the economy.
  
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• Dakota Access company seeks to block pipeline study

  17-01-2017 18:34 via feeds.foxbusiness.com
  
  The company building the Dakota Access oil pipeline wants a federal judge to block the U.S. Army Corps of Engineers from launching a full environmental study of the $3.8 billion pipeline's disputed crossing of a Missouri River reservoir in North Dakota.
  
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• Why I'd Be Terrified of Apple, Inc. Acquiring Netflix

  17-01-2017 18:30 via feeds.foxbusiness.com
  
  Beyond financial implications, it would be an admission that the Mac maker has run out of ideas and is desperate for growth.
  
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• Upbeat Boeing CEO says meeting with Trump 'very productive'

  17-01-2017 18:18 via news.yahoo.com
  
  Boeing Co Chief Executive Dennis Muilenburg said he had a "very productive" meeting with President-elect Donald Trump on Tuesday and was encouraged by progress in talks on the Air Force One replacement fleet and on fighter planes. "We discussed Air Force One, we discussed fighter aircraft," Muilenburg told reporters after the hour-long meeting. "We made some great progress on simplifying requirements on Air Force One, streamlining the process ... all that is going to provide a better airplane at
  
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• Air Canada software outage temporarily halts check-ins

  17-01-2017 18:15 via cbc.ca
  
  Air Canada experiences software problems that briefly halt all kiosk operations at airports across the country.
  
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• Air Canada software outage halts computerized check-ins

  17-01-2017 18:15 via cbc.ca
  
  Air Canada experienced software problems on Tuesday that briefly halted all computerized checking-in at airports across the country.
  
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• Air Canada software outage briefly halts computerized check-ins

  17-01-2017 18:15 via cbc.ca
  
  Air Canada experienced software problems on Tuesday that briefly halted all computerized checking-in at airports across the country.
  
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• Exxon doubling Permian Basin holdings in U.S. for up to $6.6 billion

  17-01-2017 18:14 via news.yahoo.com
  
  Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. The deal, Exxon's biggest since its 2009 buyout of XTO Energy, is the latest by oil producers across the Permian since last summer, with technological improvements and rangebound oil prices fueling the buyouts. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bas
  
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• Monsanto Shares Up on Bayer-Trump Promise for Billions in U.S. Investment, Jobs

  17-01-2017 17:56 via feeds.foxbusiness.com
  
  German chemical giant Bayer AG has a quid pro quo offer for President-elect Donald Trump.
  
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• Rolls-Royce jumps on profit upgrade and bribery settlement

  17-01-2017 17:27 via feeds.foxbusiness.com
  
  Shares in Rolls-Royce climbed 5 percent on Tuesday after the British aero-engine maker settled a long-running bribery probe and said that 2016 profit would beat expectations.
  
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• A data visualization of Trump trends on social media

  17-01-2017 17:19 via techrepublic.com
  
  The internet is on fire with conversation about the next president of the United States. Twitter data illuminates Trump's trending topics and shows just how partisan the online conversation really is.
  
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• The Social Security Death Benefits You Need to Know About

  17-01-2017 17:16 via feeds.foxbusiness.com
  
  Social Security offers two different benefits when someone dies, but it only calls one a death benefit. Here's what you need to know.
  
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• Can Zoe's Kitchen Stock Bounce Back From Last Week's 15% Drop?

  17-01-2017 17:12 via feeds.foxbusiness.com
  
  Shares of the-fast casual chain took a hit last week, despite a seemingly upbeat presentation at the ICR investing conference.
  
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• The Worst Performing Stock of 2016

  17-01-2017 17:03 via feeds.foxbusiness.com
  
  What's next for Endo Pharmaceuticals?
  
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• 5 Best Investment Ideas For 2017

  17-01-2017 17:02 via feeds.foxbusiness.com
  
  Whether you want to buy stocks, real estate, or pay down debt, here are five of the best ways you could invest your money in 2017.
  
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• Intel Corporation's New Core i7 Gaming Chip Shoots to Top of Sales Charts

  17-01-2017 17:00 via feeds.foxbusiness.com
  
  Intel's new Core i7 chip appears to be off to a good start, outpacing its lower-cost Core i5 counterpart at two major online retailers.
  
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• Better Buy: Twitter Inc vs. Baidu Inc (ADR)

  17-01-2017 17:00 via feeds.foxbusiness.com
  
  As two down-and-out power players face off, a clear winner emerges.
  
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• China's Xi defends global trade at World Economic Forum in Davos

  17-01-2017 16:48 via cbc.ca
  
  Chinese President Xi Jinping on Tuesday trumpeted the need for free trade and urged the world to "say no to protectionism," delivering a strong rebuke to isolationist tendencies that helped fuel Donald Trump's presidential election victory.
  
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• Batteries to blame for exploding Samsung Galaxy Note7 phones

  17-01-2017 16:48 via techrepublic.com
  
  The results of an internal investigation into Samsung's Galaxy Note7 are expected to be announced January 23, but a Reuter's report claims the battery is the cause of all the phone's problems.
  
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• 3 guiding principles for ethical AI, from IBM CEO Ginni Rometty

  17-01-2017 16:46 via techrepublic.com
  
  At the World Economic Forum on Tuesday, IBM CEO Ginni Rometty laid out three principles to guide technologists for responsible AI use as cognitive abilities continue to develop.
  
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• Wal-Mart to create 10,000 U.S. jobs this year

  17-01-2017 16:42 via news.yahoo.com
  
  Most of Wal-Mart's new jobs will be in 59 new stores planned for the fiscal year beginning in February as well as in e-commerce services, the retailer said on Tuesday. The additional retail jobs would represent less than 1 percent of Wal-Mart's U.S. workforce of about 1.5 million. U.S. automakers, Amazon.com Inc and other companies have announced plans to create U.S. jobs.
  
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• General Motors says to invest additional $1 billion in U.S.

  17-01-2017 16:42 via news.yahoo.com
  
  By David Shepardson WASHINGTON (Reuters) - General Motors Co confirmed on Tuesday it would invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier. The investments are in addition to the $2.9 billion the automaker announced last year, GM said.(http://bit.ly/2iJ9xw0) GM and other automakers have been sharply criticized by U.S. President-elect Donald Trump for building vehicles in M
  
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• In Davos, Xi makes case for Chinese leadership role

  17-01-2017 16:26 via news.yahoo.com
  
  Chinese President Xi Jinping offered a vigorous defense of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward. In the first appearance by a Chinese leader at the annual meeting of political leaders, CEOs and bankers in the Swiss Alps, Xi also cautioned other countries against blindly pursuing their national interests, in an apparent reference to the "America first" policies of Do
  
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• CMHC to hike mortgage insurance premiums by an average of $5 a month

  17-01-2017 16:19 via cbc.ca
  
  The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages starting in March.
  
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• Exxon boosts Permian basin holding in deal worth up to $6.6 billion

  17-01-2017 16:14 via news.yahoo.com
  
  Exxon said the acquired companies together hold about 275,000 acres of leasehold, producing more than 18,000 net oil equivalent barrels per day (boepd). Exxon said its output from the basin is currently about 140,000 boepd, net. An uptick in oil prices has been encouraging healthier energy companies to buy up assets – especially in the Permian Basin, which straddles Texas and New Mexico – that will give them a competitive edge once prices move higher.
  
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