Companies

NEWS ANALYSIS Canadians might remember Huawei as the main sponsor of Hockey Night in Canada’s Stanley Cup finals broadcasts. The Chinese telecommunications giant’s TV ads for the P20 Pro smartphone showcase a slick digital camera. Since 2008, Huawei has had a presence in Canada, but the country is playing a potentially dangerous game if it […]

Guess Inc said on Tuesday, June 12, its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct. Marciano gave up his day-to-day responsibilities at the company on an unpaid basis in February, days after model and actress Kate Upton tweeted, accusing Marciano […]

More than a quarter of investors at WPP have cast votes against a pay report to be discussed at Wednesday’s annual general meeting, angered by benefits for former chief executive Martin Sorrell, according to Sky News reporter Mark Kleinman. Most of the advertising giant’s shareholders vote ahead of time, so the company knows the results […]

In an effort to reduce traffic near its headquarters, Facebook is teaming up with San Mateo County officials to possibly begin reusing the 100-year-old Dumbarton rail bridge. The plan is to use the old structure to create a commuter train service. Facebook also plans to construct a new campus across from its headquarters. The project […]

Business leaders opined on how digital disruption is changing companies, government, and people, in the context of NAFTA.

Ride-hailing company Uber said on Wednesday it would launch electric bicycle sharing service JUMP Bikes, which it bought last month, in Europe as it seeks to expand into other transportation modes and make peace with local authorities. Uber agreed to buy the start-up in April in an attempt to be a truly multi-modal transport service. […]

Lord & Taylor will no longer maintain a presence on Fifth Avenue, the retail chain’s parent company announced on June 5, as part of its move away from brick-and-mortar retail and toward online sales. Helena Foulkes, chief executive officer for Canada-based Hudson’s Bay Company (HBC), said in a statement that Lord & Taylor would be moving […]

U.S. job openings surged to record-high levels this year as companies have struggled to find people with the talents they need. The skills shortage is a broad issue that has become even more pressing for the construction sector, experts say, but the Trump administration has several proposals aimed at correcting the problem. More than 90 […]

Honeywell is commonly known for its heating products in households. What many people don’t know, is that they are also involved in the aviation industry as well. As a technological company, Honeywell needs to test its products. In this case, they can call this a test lab in the sky. The inside of this Boeing […]

Jon Hobbs is president of of AltaSteel, which exports 20 percent of its steel product to the United States.

In proposed changes to the Volcker Rule, U.S. regulators would give banks more flexibility in their trading activities and reduce their compliance burden. The changes would boost the market-making activity of banks and improve liquidity, according to experts. The Volcker Rule is a provision in the Dodd-Frank Act, banking regulations signed into law in 2010 […]

TORONTO—The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada’s Big Five banks earned a collective $10.6 billion—up nearly 11 percent from a year ago. Canada’s biggest banks also handily beat analyst estimates for adjusted profits, brushing off concern about the impact of a cooling real estate market amid […]

SAN FRANCISCO—San Francisco’s city attorney on Tuesday subpoenaed Uber Technologies Inc [UBER.UL] and Lyft Inc to turn over records relating to how the ride-hailing companies classify drivers, as well as driver wages, health care and other benefits, the latest demand in a year-long investigation. City Attorney Dennis Herrera said he was seeking evidence to determine […]

Next week, Kinder Morgan will decide whether or not they will abandon the Trans Mountain pipeline expansion project. The company has already spent nearly $1 billion on the project. In order to get better value for its oil production, it is crucial for Canada to go forward in the pipeline expansion project. In the past, […]

Allbirds, a startup shoe store founded four years ago, has found popularity in the Bay Area and beyond. Time Magazine named them the “world’s most comfortable shoe” last year, but they don’t stop with comfort. When company founders Joey Zwillinger and Tim Brown started their crowdfunding campaign four years ago, Zwillinger said they “wanted a […]

TORONTO—The Canadian Imperial Bank of Commerce anticipates it will issue half as many new mortgages in the latter part of the year as it did in the same period of 2017 amid cooling in the real estate market. The bank has noticed a slowdown in the housing market in the last few months, likely due […]

WASHINGTON—The United States reached a deal with the United Arab Emirates (UAE) to resolve a three-year dispute over unfair competition by airlines Etihad and Emirates. The agreement announced on May 14 will end the UAE’s unfair subsidization of its two major airlines and level the playing field for American carriers. In January, the Trump administration […]

WASHINGTON—Optimism within the nation’s small-business world has soared to the highest levels this year as a result of President Donald Trump’s leadership, said Small Business Administration (SBA) head Linda McMahon at a National Press Club luncheon on May 17. Small businesses are already benefiting from recent tax cuts by expanding their businesses, investing in new […]

Consumer Reports said Tuesday it will retest brakes on Tesla Inc’s new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine’s negative review weighed on Tesla stock. A review by the influential magazine on Monday said the car, despite many positives, had “big […]

TORONTO—TD Bank is joining a rival bank in offering a highly discounted variable mortgage rate as competition among Canada’s biggest lenders heats up. The Toronto-based bank said on May 15 that it is lowering its five-year variable closed rate to 2.45 percent, or 1.15 percent lower than its TD Mortgage Prime rate, until May 31. […]