Business

Five States Considered for Foxconn $10B Investment

Terry Gou, Chairman of Taiwan's Foxconn, also known as Hon Hai, gestures during a press conference in New Taipei City on June 22, 2017. (Sam Yeh/AFP/Getty Images)
Terry Gou, Chairman of Taiwan's Foxconn, also known as Hon Hai, gestures during a press conference in New Taipei City on June 22, 2017. (Sam Yeh/AFP/Getty Images)

Foxconn, the largest contract electronics maker in the world, plans to invest $10 billion in the United States with an eye on these five states: Wisconsin,...


  • Travis Kalanick, co-founder and CEO of Uber, speaks during the opening of the Digital Life Design (DLD) Conference in Munich, Germany in 2015. He announced he was stepping down from his role with the ride-sharing giant on June 20, 2017. (Tobias Hase/AFP/Getty Images)

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  • A Sears Canada outlet in Saint-Eustache, Quebec. The retailer has warned there are doubts about its ability to continue operating, and says it may have to restructure or be sold. (The Canadian Press/Ryan Remiorz)

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  • Yahoo logo in Rolle, Switzerland (top) in 2012 and a Verizon sign at a retail store in San Diego, California In 2016. (REUTERS)

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  • A neighborhood in the San Francisco Bay Area in this file photo. According to a poll by the Bay Area Council, a growing number of residents are considering leaving the Bay Area. (PUNG/SHUTTERSTOCK)

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  • Dr. Jeehwan Kim, a mechanical engineering professor at MIT, with the molecular beam epitaxy system that manufactures semiconductor divices such as the lasers used to read CDs. (Lillie Paquette/MIT School of Engineering)

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  • People walk past a Banco Santander office in Barcelona on June 7, 2017. Spain's Banco Santander has acquired Banco Popular, the troubled lender that lost more than half of its shares value over the past week. (AP Photo/Manu Fernandez)

    Spanish Bank Buyout Showcases Europe’s New Anti-Crisis Rules

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  • Travis Kalanick, co-founder and CEO of Uber, speaks during the opening of the Digital Life Design (DLD) Conference in Munich, Germany in 2015. He announced he was stepping down from his role with the ride-sharing giant on June 20, 2017. (Tobias Hase/AFP/Getty Images)

    Keeping CEO Job Was One Fight Too Many for Uber’s Kalanick

    DETROIT—Travis Kalanick’s combative personality created the culture that let Uber grow from startup to behemoth in just eight years. But under his direction the ride-hailing... Read more

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    Uber CEO’s Resignation Ends Some of Company’s Distractions

    On Tuesday, the same day Uber announced “180 days of change” to fix long-standing grievances held by drivers, CEO Travis Kalanick resigned. It was the... Read more

  • The Uber app logo is displayed on an iPhone on August 3, 2016 in London, England. (Photo by Carl Court/Getty Images)

    Uber Finally Adds Tipping Option After Years of Resistance

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  • A Whole Foods Market is pictured in the Manhattan borough of New York City, New York on June 16, 2017. (REUTERS/Carlo Allegri)

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  • A Sears Canada outlet in Saint-Eustache, Quebec. The retailer has warned there are doubts about its ability to continue operating, and says it may have to restructure or be sold. (The Canadian Press/Ryan Remiorz)

    Future of Sears Canada in ‘Significant Doubt,’ Sale Pondered

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  • Yahoo logo in Rolle, Switzerland (top) in 2012 and a Verizon sign at a retail store in San Diego, California In 2016. (REUTERS)

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  • (Because International)

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  • People walk past a Banco Santander office in Barcelona on June 7, 2017. Spain's Banco Santander has acquired Banco Popular, the troubled lender that lost more than half of its shares value over the past week. (AP Photo/Manu Fernandez)

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  • A man exits the Uber offices in Queens, New York on Feb. 2, 2017. (REUTERS/Brendan McDermid)

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  • President Donald Trump arrives at the Rose Garden of the White House in Washington on June 1, 2017. (REUTERS/Joshua Roberts)

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  • Vevey, SWITZERLAND:  (FILES) Picture taken 23 August 2006 shows a sign of Nestle, the Swiss food giant, at the company's Headquarters in Vevey, Switzerland.  Swiss food group Nestle said Wednesday 20 September 2006 that it would slash 645 jobs at a chocolate factory in the northern English city of York. The cuts, which amount to 26 percent of the workforce at the site, will start next year and continue until 2008, Nestle said in a company statement. The facility will continue to employ 1,800 staff. AFP PHOTO /FILES/ FABRICE COFFRINI  (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)

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  • Entomo Farms, the largest cricket farm in North America, produces cricket flour, cricket powder, and insect protein. The startup Exo uses Entomo’s cricket powder to produce high-protein, low-sugar energy bars, which come in five different flavors.

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  • (Shutterstock)

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  • Jim Hackett at the University of Michigan in 2014. (Creative Commons/Wikimedia)

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  • Daniel Debow (2nd L) speaks on a panel about Canadian tech featuring Tony Bailetti (C), Janet Bannister (2nd R), Harley Finkelstein (far R), and moderated by Globe & Mail reporter Sean Silcoff (far L) at Shopify's Elgin Street office in Ottawa, Canada on May 15, 2017. (Rahul Vaidyanath/Epoch Times)

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  • U.S. veterans Paul Lee, Matthew Murawski, Alex Kim, and Ben Downing at the Drexel Hamilton office in the Financial District of Manhattan on May 9, 2017. (Benjamin Chasteen/Epoch Times)

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  • Canada's Minister of Finance Bill Morneau (C) operates a robot with student Spencer Pelzer (R) while Calgary mayor Naheed Nenshi looks on during their tour of the robotics lab at the Southern Alberta Institute of Technology in Calgary on March 27, 2017. Automation threatens many low-skilled jobs, but Canada has benefited from technological advances in the long term. (The Canadian Press/Todd Korol)

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  • Innovation, science and economic development minister Navdeep Bains during Question Period in the House of Commons in Ottawa on Feb. 23, 2017. (The Canadian Press/Adrian Wyld)

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  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Monetary Policy Report in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

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  • Construction workers at a residential skyscraper in Shanghai on Nov. 29, 2016. On-the-ground research in China shows that only state-owned enterprises are hiring, under the direction of the regime, while private enterprises 
are not. (JOHANNES EISELE/AFP/Getty Images)

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  • A worker at a steel plant 
in Changzhou, China, 
on May 13, 2016. 
According to economist Diana Choyleva, 
China is getting serious about reform, and this means cutting steel production capacity. (Kevin Frayer/Getty Images)

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  • An African elephant is pictured in Hwange National Park in Zimbabwe on Nov.19, 2012. (MARTIN BUREAU/AFP/Getty Images)

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  • ( L-R) Joe Marchese, President of Fox Networks Group; Donna Speciale, President of Ad Sales & Marketing, Turner; and Sean Moran, Head of Marketing & Partner Solutions, Viacom speak at the OpenAP launch event April 7 in New York City.  (Dave Kotinsky/Getty Images for New Creative Mix Inc.)

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  • Genesis, a palatial residence and once one of the world's priciest properties, on Hong Kong's prestigious Victoria Peak. (AP Photo/Anat Givon)

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  • (Tsokur/iStock)

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  • WATERBURY, CT - MARCH 28:  People walk through a nearly empty shopping mall on March 28, 2017 in Waterbury, Connecticut. As consumers buying habits change and more people prefer to spend money on technology and experiences like vacations over apparel, shopping malls across the country are suffering.In the last decade dozens of malls have closed as retailers like JCPenney, Macy's and Sears, known as 'anchor stores,' close hundreds of locations do to falling sales. Real estate firm CoStar are projecting that nearly 25% of American malls are in danger of losing their anchors stores.  (Photo by Spencer Platt/Getty Images)

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  • A sold sign is seen in front of a west-end Toronto home on April 9, 2017. Toronto’s overheating housing market should not be an impediment to kick-starting a private-label mortgage-backed securities market, according to two mortgage industry experts. (The Canadian Press/Graeme Roy)

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  • President Donald Trump speaks to workers at the headquarters of tools manufacturer Snap-On on April 18, 2017 in Kenosha, Wisconsin. Doubts continue to mount on the administration’s ability to fulfill the president’s ambitious agenda. (Scott Olson/Getty Images)

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  • A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. (REUTERS/David Gray/File Photo)

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  • Karen Mills, former head of Small Business Administration, during a House Small Business Committee hearing on Capitol Hill on June 6, 2012. (Mark Wilson/Getty Images)

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  • Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that hammered prices, in Cushing, Oklahoma, March 24, 2016. (REUTERS/Nick Oxford/File Photo)

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  • A single family home in Toronto. (Epoch TImes)

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  • An oil derrick and wind turbines stand above the plains north of Amarillo, Texas on March 14, 2017. (REUTERS/Lucas Jackson)

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  • Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., March 22, 2017.  (REUTERS/Lucas Jackson)

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  • (REUTERS/Dado Ruvic/Illustration/File Photo)

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  • A consumer browses the web on his iPad at a Starbucks Coffee location in Fort Worth, Texas. (Tom Pennington/Getty Images)

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  • Rendering of Abbey Lane townhouses. (Courtesy of  Poetry Living )

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  • A sold sign in front of a west-end Toronto home on May 14, 2017. Sales and prices are down while listings are way up in the latest report from the Toronto Real Estate Board. (The Canadian Press/Graeme Roy)

    Toronto Housing Market Cools, But for How Long?

    The latest readings on Toronto’s housing market show definite signs of cooling, and the culprit for the extraordinary price gains—speculative investment—seems to be taking a... Read more

  • Oleg Chekhter, founder of Improve Canada. (Courtesy of Improve Inc.)

    Improve Canada Brings Home Improvement Twist to Traditional Marketplace Concept

    An exciting new retail concept in the Greater Toronto Area makes it simple for homeowners to find everything they need for their home renovations under... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Monetary Policy Report in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Cautious as Strong Economic Growth Expected to Moderate

    OTTAWA—The Bank of Canada remained cautious on the recent strong performance in the Canadian economy and held its target for the overnight rate at 0.5... Read more

  • A Stafford Home living room. (Courtesy of Stafford Homes)

    Luxury and Location set Stafford Homes Apart

    Stafford Homes in association with The Goldman Group take pride in raising the bar for residential development in any neighbourhood they build in. Their current... Read more

  • Westwood Gardens condominium towers. (Courtesy of Collecdev)

    Fresh Take on the Modern Condo Lifestyle Comes to Vibrant Richmond Hill

    Westwood Gardens will bring a fresh, modern perspective to condominium living in Richmond Hill, offering a rich quality of life within this vibrant suburban community... Read more

  • Genesis, a palatial residence and once one of the world's priciest properties, on Hong Kong's prestigious Victoria Peak. (AP Photo/Anat Givon)

    Christie’s: Global Sales of Luxury Homes Cooled in 2016

    LOS ANGELES—Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than... Read more

  • A single-family home in Toronto. (Epoch Times)

    TREB’s Foreign Buyer, Speculation Figures Questioned

    The Toronto Real Estate Board (TREB) reported on May 3 that the total number of transactions in April slipped 3.2 percent from a year ago... Read more

  • Kleinburg Crown Estates (Courtesy of Caliber Homes)

    Chinese Homebuyers Continue Flocking to Kleinburg Crown Estates

    Kleinburg is presently one of the GTA’s best-kept secrets, rivalling areas like Yorkville and Forest Hill, but with the arrival of Kleinburg Crown Estates, it... Read more

  • A sold sign is seen in front of a west-end Toronto home on April 9, 2017. Toronto’s overheating housing market should not be an impediment to kick-starting a private-label mortgage-backed securities market, according to two mortgage industry experts. (The Canadian Press/Graeme Roy)

    Stage Set for Private Mortgage-Backed Deals in Canada

    The time is ripe for the emergence of a residential mortgage-backed securities (RMBS) market in Canada. For some, RMBS bring back nightmares of the subprime... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Bank's Monetary Policy Report, in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Anticipates Toronto Housing Market Cooling

    OTTAWA—The Bank of Canada reiterated its expectation for Toronto’s raging housing market to cool due to the effects of stricter mortgage insurance eligibility, high levels... Read more

  • A single family home in Toronto. (Epoch TImes)

    Experts Weigh in on Toronto’s Scorching Housing Market

    TORONTO—The average selling price of all homes in the Greater Toronto Area skyrocketed last month, climbing 33.2 percent from a year ago to $916,567. The... Read more

  • (Courtesy of Centra Developments)

    Vaughan Boutique Townhouse Development Promises Spaciousness and Style

    The Greater Toronto Area’s housing crunch hasn’t just resulted in a diminution of affordable houses for sale; it’s also making newer ones narrower. But a... Read more

  • Rendering of the Teahouse Condos pool. (Courtesy of Lanterra Developments)

    From Architecture to Amenities, Lanterra has Redefined Urban Living

    When Mark Mandelbaum and Barry Fenton formed Lanterra Developments in 1999, they had a vision to create condominium buildings that would raise the bar for... Read more

  • A real estate sold sign hangs in front of a west-end Toronto property on Nov. 4, 2016. Prices in Ontario’s capital city continue to surge higher as the housing inventory dwindles. (The Canadian Press/Graeme Roy)

    Toronto’s Housing Market Can Learn From Vancouver’s Experience

    Recent data show Toronto’s housing market is heading down the same dangerous road Vancouver’s was on. While analysts agree the situation is improving in Vancouver,... Read more

  • Celebrating the strategic partnership of Toronto’s recently-rebranded Milborne Group and Miami-based Pordes Residential are (l-r) South Florida developers Manuel Grosskopf, President, Château Group; Edgardo Defortuna, President, Fortune International Group; Hunter Milborne, CEO, Milborne Group and Mark Pordes, President Pordes Residential. The brokerage firms are representing two luxury Greater Miami area properties, FENDI CHÂTEAU Residences and The Ritz-Carlton Residences, Sunny Isles Beach, Miami. 
(Arthur Mola)

    Miami Brokerage Woos Wealthy Canadian Buyers

    Top Toronto brokerage Milborne Group and Miami’s Pordes Residential have formed a strategic partnership to sell South Florida luxury real estate to wealthy Canadians. Their... Read more

  • Rendering of  The Peak Condos at Emerald City. (Courtesy Elad Canada, Inc.)

    The Peak Takes Emerald City to New Heights

    The name of the latest condo building at Emerald City, Elad Canada’s master-planned community at Sheppard Ave E. and Don Mills Rd., carries a double... Read more

  • Steve Gupta, president and CEO of The Gupta Group. (Courtesy The Gupta Group)

    Steve Gupta is a Vaughan Visionary

    Steve Gupta recognized the potential of Vaughan early on. More than a decade ago, the president and CEO of The Gupta Group and Easton’s Group... Read more

  • Penn Station, New York, circa 1911. (Public domain)

    The Grand Gateway in Waiting: Envisioning the New-Old Penn Station

    NEW YORK—Nostalgia and heartbreak for the original Pennsylvania Station has persisted since it was destroyed over half a century ago. The beauty of that beaux-arts... Read more

  • Rendering of Valleymede Towers (Courtesy Times Group)

    Times Group: Committed to Environmentally Sustainable Building in the GTA

    Times Group isn’t like most companies in the crowded Toronto building community: It has substantial international know-how. Saeid Aghaei, Times Group’s Principal, is a civil... Read more

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