Business news

• Federal government to give $372.5M in loans to Bombardier

  07-02-2017 23:45 via cbc.ca
  
  Several federal cabinet ministers will be on hand at the Montreal offices of Bombardier this evening for an "aerospace-related announcement."
  
  Read more

• Disney's Iger says he is open to extending term as CEO

  07-02-2017 23:39 via news.yahoo.com
  
  Disney reported lower-than-expected quarterly revenue, hurt by the drop in advertising revenue at ESPN and an unfavorable comparison in the movie business due to the record success of "Star Wars: The Force Awakens" a year earlier. The decrease at ESPN was due to higher programming costs and lower advertising revenue, the company said.
  
  Read more

• Takata to plead guilty February 27: court documents

  07-02-2017 23:11 via news.yahoo.com
  
  Japan's Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide, according to a court filing Tuesday. U.S. prosecutors also charged three former senior Takata executives in Japan with falsifying test results to conceal the inflator defect linked the recall of about 100 million air bag inflators worldwide. Takata has
  
  Read more

• Bank of America opens branches without employees

  07-02-2017 23:06 via news.yahoo.com
  
  Like many U.S. banks in recent years, Bank of America has been reducing its overall branch count to cut costs even as it opens new branches in select markets. New branches are typically smaller, employ more technology, and are aimed at selling mortgages, credit cards and auto loans rather than simple transactions such as cashing checks. The new branches were mentioned briefly Tuesday by Dean Athanasia, co-head of Bank of America's consumer banking unit, during a question and answer session at an
  
  Read more

• Advertisement

• Revamping Dodd-Frank a 'this-year priority': U.S. lawmaker

  07-02-2017 22:58 via news.yahoo.com
  
  The chairman of the U.S. Financial Services Committee told CNBC on Tuesday that revamping the 2010 Dodd-Frank Wall Street reform law remained a "this-year priority" for President Donald Trump, Vice President Mike Pence and House Speaker Paul Ryan. Republican Representative Jeb Hensarling said he would soon reintroduce his legislation that gives banks a choice between complying with Dodd-Frank and holding more capital. Pence can cast votes to break ties on legislation.
  
  Read more

• Oreo maker Mondelez's sales, profit miss estimates

  07-02-2017 22:36 via news.yahoo.com
  
  The company said its fourth-quarter sales in Europe, its largest market, was down 4.7 percent. Mondelez last month raised prices for some of its products as it grapples with higher commodity costs and a weaker pound. Net income attributable to Mondelez was $93 million, or 6 cents per share, in the quarter ended Dec. 31, compared with a loss of $729 million, or 45 cents per share, a year earlier.
  
  Read more

• Wall Street edges up as Nasdaq sets record high

  07-02-2017 22:34 via news.yahoo.com
  
  (Reuters) - The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines.
  
  Read more

• Twilio tops Q4 targets, revenue up 60 percent

  07-02-2017 22:32 via zdnet.com
  
  For the year, Twilio's revenue was $277.3 million, up 66 percent annually.
  
  Read more

• Advertisement

• Manulife to stop testing for nicotine for life insurance policies up to $1M

  07-02-2017 22:29 via cbc.ca
  
  Manulife is removing the need for nicotine testing for some of its life insurance applicants as part of its efforts to streamline the process.
  
  Read more

• Disney revenue unexpectedly drops as ESPN, studio business weighs

  07-02-2017 22:28 via news.yahoo.com
  
  The unexpected drop in revenue overshadowed Disney's profit beating Wall Street expectations and sent the company's shares down 2.2 percent to $106.61 after the bell on Tuesday. Analysts on an average had expected revenue to rise slightly to $15.26 billion, according to Thomson Reuters I/B/E/S. Revenue in Disney's cable networks business, which includes the company's cash cow ESPN and the youth-focused Disney Channels, fell 2.1 percent to $4.43 billion.
  
  Read more

• Apple's head of enterprise and government John Solomon leaves company

  07-02-2017 22:26 via zdnet.com
  
  Apple's VP of enterprise and government, John Solomon, has stepped down. It's not immediately clear who Solomon's replacement will be at Apple.
  
  Read more

• U.S. Army to grant final permit for controversial Dakota pipeline: court filing

  07-02-2017 22:19 via news.yahoo.com
  
  WASHINGTON/HOUSTON (Reuters) - The U.S. Army Corps of Engineers will grant the final easement needed to finish the controversial Dakota Access Pipeline, according to a court filing Tuesday. The line had been delayed for several months after protests from Native American tribes and climate activists. The $3.8 billion line, which is being built by Energy Transfer Partners , needed a final permit to tunnel under Lake Oahe, a reservoir that is part of the Missouri River.
  
  Read more

• ZTE's first smartwatch 'Quartz' under development: Report

  07-02-2017 21:33 via zdnet.com
  
  A notorious mobile leaker may have revealed ZTE's first Android Wear smartwatch.
  
  Read more

• U.S. army to allow completion of Dakota Access oil pipeline

  07-02-2017 21:32 via cbc.ca
  
  The U.S. army told Congress on Tuesday that it will allow the $3.8 billion US Dakota Access oil pipeline to cross under a Missouri River reservoir in North Dakota, completing the disputed four-state project.
  
  Read more

• New Windows 10 accessibility features will improve many lives

  07-02-2017 21:26 via techrepublic.com
  
  Accessibility in an enterprise setting can be essential to both the business and the individual. The next build of Windows 10 will make many lives easier to manage.
  
  Read more

• Email Privacy Act passed by House, but don't get your hopes up

  07-02-2017 21:00 via zdnet.com
  
  Will it die in the Senate as it did once before? Even if it does pass, would Trump sign it?
  
  Read more

• BlackBerry wants to bring BBM to all enterprise apps

  07-02-2017 21:00 via zdnet.com
  
  As BlackBerry continues its efforts in transitioning to a software company, a BBM Enterprise SDK provides a new revenue stream.
  
  Read more

• U.S. government has itself to blame for dollar strength: Bundesbank

  07-02-2017 20:19 via news.yahoo.com
  
  The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany's Bundesbank said on Tuesday. Jens Weidmann said comments by a top trade adviser of U.S. President Donald Trump that Germany was exploiting the United States and its European partners with an overly weak euro were "more than absurd". "The thesis that foreign currency manipulations are to blame for the current strong U.S. dollar is not borne out by facts,"
  
  Read more

• How to prepare your privacy practices for the year ahead

  07-02-2017 19:30 via zdnet.com
  
  Securing and protecting data is only one aspect of managing privacy. Forrester identifies the top three privacy lessons learned in 2016.
  
  Read more

• Wall Street pares gains as drop in oil prices weighs

  07-02-2017 19:25 via news.yahoo.com
  
  The Dow Jones Industrial Average and the Nasdaq Composite hit all-time highs just after the market opened, with the S&P 500 coming within spitting distance of yet another record high. Oil prices were pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Chevron's 1.3 percent fall and Exxon's 1 percent drop weighed the most on the S&P and the Dow.
  
  Read more

• 10 tips for building reactive mobile applications

  07-02-2017 19:22 via techrepublic.com
  
  Follow these best practices to ensure your mobile apps are as nimble and useful as possible.
  
  Read more

• Vizio TVs secretly collected data on users' viewing data in U.S. since 2014

  07-02-2017 19:07 via cbc.ca
  
  Smart-television maker Vizio has agreed to pay $2.2 million US to authorities to settle allegations that its televisions collected information on what 11 million viewers were watching, without their consent.
  
  Read more

• Apple Watch accounts for half of smartwatch sales, 80 percent of revenue

  07-02-2017 19:01 via zdnet.com
  
  Apple's smartwatch continues to dominate the nascent market.
  
  Read more

• Senstone first look: Intelligent wearable audio recorder that syncs to your phone

  07-02-2017 19:00 via zdnet.com
  
  While you can use your phone to capture voice recordings, there's a small wearable recorder coming that simplifies the process while adding speech-to-text, third party integration, and more.
  
  Read more

• Logitech ZeroTouch dock adds Amazon Alexa to your car

  07-02-2017 18:52 via zdnet.com
  
  Alexa everywhere: ​You won't need to buy a new car to use Amazon Alexa from the driver seat.
  
  Read more

• Palo Alto Networks aims to thwart credential theft

  07-02-2017 18:38 via zdnet.com
  
  The technology rolls out along with a new security platform, hardware and virtual firewalls from Palo Alto.
  
  Read more

• Why does Apple need another connector?

  07-02-2017 18:12 via zdnet.com
  
  Don't panic. Apple isn't replacing the Lightning connector, but it will mean more cable hassles and may mean more dongles.
  
  Read more

• VW launches U.S. electric vehicle infrastructure unit

  07-02-2017 18:06 via news.yahoo.com
  
  Volkswagen Group of America on Tuesday announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle infrastructure and awareness programs over a decade as part of a court settlement over its excess diesel emissions. The world's largest automaker by sales said the unit plans to install more than 500 charging stations nationwide, including more than 300 stations in 15 metro areas, and to develop a high-speed, cross-country network consisting of more than 200 stat
  
  Read more

• Exclusive: Italian diesel probe omitted key tests for Fiat Chrysler models

  07-02-2017 18:02 via news.yahoo.com
  
  PARIS/MILAN (Reuters) - Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy's main emissions-cheating investigation in the wake of the Volkswagen scandal, according to the transport ministry's own report. The report, presented to a European parliamentary committee in October but never officially published, will be seized upon by environmental groups pressing MEPs to vote on Thursday for tougher EU oversight of vehicle testing by national authorities. "I
  
  Read more

• 'Can you hear me?': New phone scam tricks you into saying, 'Yes'

  07-02-2017 18:00 via cbc.ca
  
  From encrypted passwords to padlocked doors, Canadians will go to extreme lengths to avoid scammers. Now it may not be safe to pick up the phone.
  
  Read more

• 'Can you hear me?': New phone scam tricks you into answering 'yes'

  07-02-2017 18:00 via cbc.ca
  
  From encrypted passwords to padlocked doors, Canadians will go to extreme lengths to avoid scammers. Now it may not be safe to pick up the phone.
  
  Read more

• Mobile phone use expected to top 5.5 billion devices by 2021

  07-02-2017 17:53 via techrepublic.com
  
  Cisco's newest Visual Networking Index forecasts strong growth in mobile phone usage will spur 4G growth worldwide, as well as fuel 5G deployments.
  
  Read more

• PayPal launches first bot through Slack app

  07-02-2017 17:43 via zdnet.com
  
  Users can now send and receive PayPal payments without leaving Slack.
  
  Read more

• Trump's pick for labour secretary hired undocumented worker

  07-02-2017 17:37 via cbc.ca
  
  Labour Secretary nominee Andrew Puzder acknowledged Tuesday that he had employed a housekeeper who was in the U.S. illegally, putting him again at odds with President Donald Trump's push to keep jobs in American hands.
  
  Read more

• Michael Kors' weak forecast suggests turnaround to take longer

  07-02-2017 17:36 via news.yahoo.com
  
  Kors, once the hottest name in the "affordable luxury" sector, posted double-digit sales growth until 2014, helped by the runaway success of its $300 bags. In its bid to sustain sales growth, the company rapidly expanded in North America, a move that made its handbags too commonplace for fashion-conscious women. "As much as we believe that Michael Kors is headed in the right direction ... we maintain our view that it has much more work to do in reconnecting with customers who have been alienated
  
  Read more

• Twitter's new tools aim to curb abuse with safe search, filtering

  07-02-2017 17:31 via zdnet.com
  
  Twitter's executive team is promising more tools to curb abuse, by filtering out the noise.
  
  Read more

• Dow, Nasdaq hit record highs as rally regains steam

  07-02-2017 17:30 via news.yahoo.com
  
  The S&P 500 is trading at 17.7 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data. Fourth-quarter earnings are estimated to have risen 8.2 percent - the best in nine quarters.
  
  Read more

• How to do a COE the wrong way

  07-02-2017 17:24 via techrepublic.com
  
  IT leaders often look to a Center of Excellence (COE) to handle a complex or critical function. However, establishing an effective COE is often far more difficult than doing it the wrong way.
  
  Read more

• RethinkDB's restart as a Linux Foundation project leaves burning questions unanswered

  07-02-2017 17:23 via techrepublic.com
  
  RethinkDB is now a Linux Foundation project, with a new developer-friendly license. But, these changes don't address the core problems that have been there from the start.
  
  Read more

• Dozens of iOS apps vulnerable to data theft, despite ATS mandate

  07-02-2017 17:06 via techrepublic.com
  
  A new report from verify.ly found that 76 popular iOS apps allow a silent man-in-the-middle attack that can intercept data. Here's what you need to know to stay safe.
  
  Read more

• Terahertz wireless could help cover the planet with internet that's 10X faster than 5G

  07-02-2017 17:02 via techrepublic.com
  
  The National Institute of Information and Communications Technology has developed a new transmitter that can achieve data transfer speeds 10 times faster than 5G.
  
  Read more

• Quip revamped with new UI, Salesforce integrations

  07-02-2017 17:00 via zdnet.com
  
  As Quip becomes more tightly integrated with Salesforce, it will be the "glue" that holds together Salesforce customers' work, Quip CEO Bret Taylor says.
  
  Read more

• Everything old is new again: Experts predict a flood of denial-of-service attacks

  07-02-2017 16:44 via techrepublic.com
  
  As IoT goes mainstream Mirai-style denial-of-service botnet attacks are escalating, and hackers are targeting health care companies, financial services, and the government.
  
  Read more

• BMW agrees to settle vehicle water damage suit for up to $478 million

  07-02-2017 16:38 via news.yahoo.com
  
  German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle trunks. According to settlement documents filed in U.S. District Court in New York last week, the settlement covers owners of 2004-2010 model year BMW 5 Series cars and will allow owners to receive up to a $1,500 reimbursement for prior repairs. A BMW spokeswoman did not immediatel
  
  Read more

• Workday touts Amazon as latest customer win

  07-02-2017 16:22 via zdnet.com
  
  The deal comes just weeks after Workday landed a massive Walmart contract.
  
  Read more

• U.S. trade deficit falls as exports hit more than 1-1/2 year high

  07-02-2017 16:11 via news.yahoo.com
  
  The U.S. trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports. The trade deficit rose 0.4 percent to a four-year high of $502.3 billion in 2016. The Trump administration is targeting trade in its quest to boost economic growth.
  
  Read more

• Dow and Nasdaq hit record highs

  07-02-2017 16:10 via news.yahoo.com
  
  (Reuters) - The Dow Jones Industrial Average and the Nasdaq Composite hit record levels at the open on Tuesday, while the S&P 500 was less than five points away from hitting another all-time high.
  
  Read more

• Berkshire Hathaway jumps into wearables with a smart jewelry line

  07-02-2017 16:00 via zdnet.com
  
  As consumers spend more on technology and less on jewelry, the Berkshire Hathaway subsidiary the Richline Group is looking to capitalize on market trends.
  
  Read more

• Logitech releases BRIO, a premium webcam for serious communicators

  07-02-2017 15:55 via zdnet.com
  
  Support for Ultra HD (4K) video at 30fps, HDR and Windows Hello facial recognition are all available, at a price, on Logitech's flagship webcam.
  
  Read more

• Michael Kors' holiday sales disappoint, warns of continued weakness

  07-02-2017 15:53 via news.yahoo.com
  
  Michael Kors said average selling prices in the third quarter were hurt by a highly promotional environment as well as the continued popularity of cheaper cross-body bags and small leather goods in the third quarter. Quarterly revenue in the Americas region fell 7.4 percent, while Europe sales were down 7 percent.
  
  Read more

Follow @Business_Newsl on Twitter!