Business news

• Canada Goose files for public offering on TSX, NYSE

  15-02-2017 23:23 via cbc.ca
  
  Luxury winter jacket maker Canada Goose has filed for initial public offerings on the Toronto and New York stock exchanges under the symbol "GOOS."
  
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• GoDaddy Q4 solid as revenue climbs 14 percent

  15-02-2017 23:16 via zdnet.com
  
  Shopify also reported strong earnings, with revenue increasing 86 percent compared to a year ago.
  
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• Canada's takeaway from Trump meeting: 'cautiously optimistic'

  15-02-2017 23:14 via cbc.ca
  
  Canada's ambassador to Washington, who sat in on the Donald Trump-Justin Trudeau summit this week, says he's now cautiously optimistic about any forthcoming changes to the North American Free Trade Agreement.
  
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• Higher salaries predicted in energy sector as oil prices stabilize: Conference Board

  15-02-2017 23:03 via cbc.ca
  
  Optimism in Alberta's oil and gas sector has resulted in higher salary projections than originally predicted in summer 2016, according to the Conference Board of Canada's Mid-Year Pulse Check.
  
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• Equinix adds Salesforce to its Cloud Exchange, plots more 2017 expansion

  15-02-2017 22:58 via zdnet.com
  
  Equinix said it is launching new operations in Amsterdam, Chicago, Dubai, Rio de Janeiro and Toronto. Company also reports fourth quarter earnings.
  
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• Cisco profit beats on strong demand for security products

  15-02-2017 22:55 via news.yahoo.com
  
  Revenue in the security business, which offers firewall protection and breach detection systems, rose 14 percent to $528 million. To offset sluggish demand for its traditional lineup of switches and routers, Cisco has been focusing on areas such as security, the internet of things and cloud computing. Cisco said it expected an adjusted profit of 57 cents-59 cents per share for the current quarter.
  
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• CBS Corp's profit falls on pension settlement charge

  15-02-2017 22:53 via news.yahoo.com
  
  Advertising sales, which accounts for half of the company's total revenue, fell 2.8 percent to $1.80 billion partially due to fewer NFL Thursday night football games this quarter as well as lower-than-expected ratings for those games.
  
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• Trian's P&G stake raises investor hopes of break-up, cost cuts

  15-02-2017 22:45 via news.yahoo.com
  
  P&G's shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products company, which is already trying to slim down by selling unprofitable brands. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. In addition to breaking P&G into separate companies, analysts speculated that Trian could press for more brand divestitures and heavy-handed cost overhauls.
  
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• Trump's labour secretary candidate withdraws from consideration

  15-02-2017 22:38 via cbc.ca
  
  Andrew Puzder withdrew his name from consideration to be U.S. Secretary of Labour amid mounting concerns he could not win enough Republican support to get confirmed by the U.S. Senate.
  
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• Trump 'not wrong on everything': Berkshire's Munger

  15-02-2017 22:30 via news.yahoo.com
  
  LOS ANGELES/NEW YORK (Reuters) - Charlie Munger, the billionaire vice chairman of Warren Buffett's Berkshire Hathaway Inc , said some of U.S. President Donald Trump's ideas may prove constructive for the country, tempering comments a year ago suggesting that his fellow Republican was not morally qualified for the White House. "Well, I've gotten more mellow," Munger said during Wednesday's annual meeting at the publishing company Daily Journal Corp in Los Angeles, which he chairs. "He's not wrong
  
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• Cisco's Q2 tops estimates despite revenue decline

  15-02-2017 22:20 via zdnet.com
  
  Cisco's financial results revealed lingering declines across business segments.
  
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• Wall Street rises further into uncharted territory

  15-02-2017 22:19 via news.yahoo.com
  
  In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week and on the campaign trail. The S&P 500 recorded its fifth straight record close and its longest non-stop winning streak since September 2013, even as some investors worried that Trump so far has provided no substantial details of his tax plan. Federal Reserve Chair Janet Yellen, in testimony before the House Financial Services C
  
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• The seven most dangerous attack techniques: A SANS Institute rundown

  15-02-2017 21:52 via zdnet.com
  
  From ransomware to weak random number generators, the RSA Conference explores the worst threats and how to stop them.
  
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• Alberta shuts down Lexin Resources, leaving big mess to clean up

  15-02-2017 21:50 via cbc.ca
  
  Lexin Resources had more than 1,600 sites, including 1,380 wells and a sour gas plant. The province now has to deal with clean up, potentially doubling the workload of the Orphan Well Association.
  
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• Cineplex open to producing original content as movie attendance drops

  15-02-2017 21:41 via cbc.ca
  
  Canada's largest movie theatre chain is open to the idea of producing original content like Netflix and Amazon do, the head of Cineplex said Wednesday.
  
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• Trump meets with retail CEOs to talk taxes, imports

  15-02-2017 21:36 via news.yahoo.com
  
  U.S. President Donald Trump on Wednesday called tax code revisions a critical way to boost the nation's economy as he kicked off a White House meeting with chief executive officers of Target Corp , Best Buy Co Inc and six other major retailers. The retailers spoke with Trump about an overhaul of the corporate tax law and infrastructure improvements. While companies like Best Buy and Target support changes to the tax code, they urged Trump to oppose a proposal for a new border tax on imported goo
  
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• Wickr, the encrypted messaging app, finally goes open source

  15-02-2017 21:00 via zdnet.com
  
  All it took was nearly five years and a shuffle of senior management.
  
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• How to add cloud-based bookmarks to your Nextcloud server

  15-02-2017 20:55 via techrepublic.com
  
  If you want to extend the feature set of your Nextcloud server to include cloud-based bookmarks, follow the steps in this tutorial.
  
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• Under Armour CEO responds to criticism of Trump praise

  15-02-2017 20:35 via cbc.ca
  
  The CEO of Baltimore-based sports apparel company Under Armour responded Wednesday to criticism he received after calling President Donald Trump 'an asset to the country.'
  
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• U.S. retail sales rise; inflation posts largest gain in four years

  15-02-2017 20:24 via news.yahoo.com
  
  U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month. The economy's strengthening outlook was also bolstered by other data on Wednesday showing manufacturing and mining production rising last month as the drag from lower oil prices fades. The reports came as Federal Reserve Chair Janet Yellen appeared to put a March interest rate hike on the ta
  
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• Linux Foundation releases business open source basics ebook

  15-02-2017 20:21 via zdnet.com
  
  ​Want to know how your business can get the most from open source? This free ebook can help.
  
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• Data center cooling advancements let you leave your jacket at home

  15-02-2017 20:19 via techrepublic.com
  
  Data centers that used to be 55 degrees are now running comfortably at 75 degrees, which means your company is saving money, and your IT pros no longer need to bundle up to do their jobs.
  
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• How machine learning's hype is hurting its promise

  15-02-2017 20:12 via techrepublic.com
  
  Machine learning has a lot to offer, but overselling its current capabilities helps no one.
  
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• U.S. lawmakers grill Yellen on interest rates, regulatory policy

  15-02-2017 20:09 via news.yahoo.com
  
  Republican lawmakers on Wednesday criticized Federal Reserve Chair Janet Yellen's stewardship of the U.S. economy and urged her to halt work on financial regulation until President Donald Trump names new policymakers to the central bank. In a tense hearing before the House of Representatives' Financial Services Committee, Republicans made clear they will keep pressing the Fed to trim its large holdings of bonds and set interest rates based on established mathematical rules. "We must be vigilant
  
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• Public and hybrid cloud winning out over private cloud, says report

  15-02-2017 19:58 via techrepublic.com
  
  The latest RightScale State of the Cloud Report claims that private cloud deployments are dropping, and Microsoft Azure is continuing to grow as a major competitor to AWS.
  
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• ​Damning data: How Indian IT gamed the H-1B for cost-cutting US clients, but why new rules may change nothing

  15-02-2017 19:45 via zdnet.com
  
  Will throttling abuse of the H-1B solve the problem for vanishing low-end tech work in the US? Or should there be a whole new approach to saving domestic jobs?
  
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• Airbus shakes up international marketing unit amid fraud probe: sources

  15-02-2017 19:32 via news.yahoo.com
  
  By Tim Hepher PARIS (Reuters) - European planemaker Airbus is shaking up its international marketing organization amid a UK investigation into suspected irregularities in the use of intermediaries to help it land new orders, three people familiar with the matter said. The move is part of a wider internal reorganization as Chief Executive Tom Enders tries to turn the group into a leaner and simpler company, but is also gaining top-level management attention in its own right as the company carries
  
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• Anthem sues Cigna to block termination of merger

  15-02-2017 19:28 via news.yahoo.com
  
  The deal would have created the largest U.S. health insurer. Rivals Aetna Inc and Humana Inc had sought their own merger, representing an unprecedented consolidation among U.S. health insurers. In separate rulings, federal judges struck down both deals as anticompetitive, at the request of the Justice Department.
  
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• High Tech: How the seeds of innovation will grow a bumper crop

  15-02-2017 19:21 via techrepublic.com
  
  Green Flower Media's CEO explains how investors and startups at the intersection of cutting-edge technology and legal cannabis are preparing for a big harvest.
  
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• Fed's Rosengren sees 'at least' three rate hikes per year

  15-02-2017 19:16 via news.yahoo.com
  
  The Federal Reserve may need to raise interest rates a bit more aggressively than the thrice-per-year pace forecast by Fed policymakers if the U.S. economy picks up steam as expected, a pragmatic Fed official said on Wednesday. Boston Fed President Eric Rosengren, a long-time dove who last year switched tack and began pushing for tighter monetary policy, said he expects the U.S. central bank to raise rates "at least as quickly" as the median Fed forecast from December.
  
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• Think Apple computers are still malware immune? This new attack proves otherwise

  15-02-2017 19:07 via techrepublic.com
  
  A newly detected malware targeting macOS devices can steal passwords and capture iPhone backups. And it's coming from the same group believed to be responsible for the 2016 election hacks.
  
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• What's new in LibreOffice 5.3

  15-02-2017 19:06 via techrepublic.com
  
  The latest iteration of LibreOffice might well solidify the flagship open source office suite as a solid contender to meet your productivity needs.
  
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• Wall Street rally chugs along on Trump's tax talk, strong data

  15-02-2017 19:04 via news.yahoo.com
  
  The rally has caused the market's record-setting run to enter its fifth day, despite Trump again providing little details on his plans. Also boosting sentiment was robust economic data – including bigger-than-expected gains in retail sales and consumer prices in January – that reinforced the strength of the economy. Federal Reserve Chair Janet Yellen, in a testimony before the House Financial Services Committee, stood by the stance she took on Tuesday that the central bank was on tra
  
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• Chicago's Wrigley Field targets 2018 for high-density Wi-Fi as part of $750M in ballpark upgrades

  15-02-2017 18:36 via techrepublic.com
  
  First it was winning the 2016 World Series, now Chicago Cubs fans are scoring with high-density Wi-Fi expected to be ready for use by the start of the 2018 baseball season.
  
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• Artificial intelligence doesn't have to be a job killer

  15-02-2017 18:25 via zdnet.com
  
  Smart machines are clearly having an impact -- including giving workers tools to make their professional lives easier
  
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• Yahoo warning users that hackers forged cookies to access accounts

  15-02-2017 18:17 via zdnet.com
  
  The news comes off the back of Verizon dropping $250 million from its Yahoo purchase price.
  
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• Spark gets faster for streaming analytics

  15-02-2017 17:53 via zdnet.com
  
  Spark Summit East highlights progress on machine learning, deep learning and continuous applications combining batch and streaming workloads
  
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• How it works: Blockchain explained in 500 words

  15-02-2017 17:53 via zdnet.com
  
  If electronic money is just data, nothing physically stops a currency holder trying to spend it twice. Enter the Bitcoin blockchain.
  
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• Verizon close to Yahoo deal, price cut of $250-350 million: sources

  15-02-2017 17:37 via news.yahoo.com
  
  Verizon Communications Inc is close to a revised deal to buy Yahoo Inc's core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the economic damage from two cyber attacks. Yahoo and Verizon did not immediately respond to requests for comment.
  
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• Wall Street hits record on Trump's tax comments, strong data

  15-02-2017 17:34 via news.yahoo.com
  
  Federal Reserve Chair Janet Yellen, in a testimony before the House Financial Services Committee, stood by the stance she took on Tuesday that the central bank was on track to raise interest rates at an upcoming policy meeting. "She (Yellen) has made it clear that she wants to raise rates," said Neil Massa, senior equity trader at Manulife Asset Management in Boston.
  
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• Xplornet to enter Manitoba cell market as BCE-MTS deal wins Ottawa's approval

  15-02-2017 17:33 via cbc.ca
  
  BCE Inc.'s acquisition of Manitoba Telecom Services has been given the green light by the federal government, but with conditions aimed at boosting Xplornet as a regional competitor in the mobile wireless market.
  
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• Trump meets retail CEOs who oppose Republican border tax plan

  15-02-2017 17:33 via news.yahoo.com
  
  U.S. President Donald Trump on Wednesday called tax code revisions a critical way to boost the nation's economy as he kicked off a White House meeting with chief executive officers of Target Corp , Best Buy Co Inc and six other major retailers. Retailers came to the White House to encourage Trump to overhaul the corporate tax code and slash their rates, but companies such as Best Buy and Target also hope to convince him to oppose a proposal for a new border tax on imported goods.
  
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• This Android Trojan pretends to be Flash security update but downloads additional malware

  15-02-2017 17:27 via zdnet.com
  
  Malware tricks users into opening Android Accessibility menu, enabling the attacker to mimic the user's clicks and select anything displayed on their screen.
  
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• How Duo Beyond wants to remove the network perimeter and get rid of the VPN

  15-02-2017 17:27 via techrepublic.com
  
  Ruoting Sun, of Duo Security, reveals how Duo Beyond makes Google-style BeyondCorp trusted web access available to any enterprise, challenging the traditional approach to security.
  
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• Bosses defend Peugeot-Opel deal under political fire

  15-02-2017 17:13 via news.yahoo.com
  
  By Arno Schuetze and Laurence Frost FRANKFURT/PARIS (Reuters) - PSA Group and General Motors mobilized their chief executives on Wednesday to defend the Peugeot maker's planned acquisition of GM's Opel against a German-led backlash that could derail the deal even before its terms are finalised. Germany's federal government and powerful unions have heaped criticism on the tie-up plan, confirmed by both manufacturers on Tuesday, fearing job losses. Britain also said it had contacted GM President D
  
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• Pepsi blames global macro concerns for weak outlook; shares fall

  15-02-2017 17:05 via news.yahoo.com
  
  The company said it expected organic sales growth of 3 percent this year, slower than the 3.6 percent in 2016. "I think our 3 percent revenue guidance reflects just a cautious outlook toward the macros globally, as well as a reflection of what is a more volatile world," Chief Financial Officer Hugh Johnston said on a call with analysts. Coca-Cola's CFO Kathy Waller told analysts last week that the company expected global environment this year to be roughly similar to that of 2016 with "continued
  
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• IBM launches IBM Machine Learning cognitive platform for the private cloud

  15-02-2017 16:52 via techrepublic.com
  
  IBM Machine Learning leverages parts of Watson to help train and deploy analytics models in the private cloud, to first be used with the IBM z System Mainframe.
  
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• How to mute Facebook's new auto-playing video feature

  15-02-2017 16:45 via zdnet.com
  
  Facebook videos in your News Feed will now play with the sound on. Here's how to stop it.
  
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• U.S. data points to strengthening domestic demand and inflation

  15-02-2017 16:27 via news.yahoo.com
  
  U.S. retail sales rose more than expected in January as households bought electronics and a range of other goods, pointing to sustained domestic demand that should bolster economic growth in the first quarter. The reports came a day after Federal Reserve Chair Janet Yellen appeared to put an interest rate hike next month on the table. "This morning's reports add a little more impetus for the Fed to move this quarter.
  
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• Linux's Munich crisis: Crunch vote locks city on course for Windows return

  15-02-2017 16:16 via zdnet.com
  
  Munich today backed plans to create a Windows 10 client to replace open source by 2021 and although the final decision could depend on the cost, many think Linux's fate is already sealed.
  
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