The Other Prescription Drug Problem: ‘Benzos’ Like Valium and Xanax-
Not content to stop at slipping packages inside customers’ front doors, Amazon.com on Tuesday started a new program to deliver packages to its members’ parked cars. The world’s largest online retailer is rolling the program out in 37 U.S. cities for customers with newer compatible vehicles and plans to expand the service. All that is […] -
Toys “R” Us stores around the country are plastered with “Everything Must Go” signs, a bleak reminder that even one of the most iconic brands can one day disappear.
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Wells Fargo & Co has agreed to pay $1 billion to settle with U.S. regulators who said it abused customers in its auto and mortgage businesses, the bank and regulators said on Friday. The settlement is the most aggressive move by regulators during the Trump administration to punish a major bank and follows revelations that the […] -
British Columbia will file its Trans Mountain pipeline reference case with the court by April 30, but the government can’t say if a ruling will come in time for Kinder Morgan’s deadline for certainty. Attorney General David Eby said Wednesday the province will take its case to the B.C. Court of Appeal, the highest court […]
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Amazon has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States. The international shopping feature, which is available on a mobile browser and the mobile app for both iOS and Android devices, has been […]
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The Alberta government has introduced legislation that would give the energy minister power to restrict the flow of oil, gasoline, and natural gas leaving the province. Once passed, Marg McCuaig-Boyd would be able to direct truckers, pipeline companies, and rail operators on how much product could be shipped and when. Violators would face fines of […]
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Netflix Inc’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video-streaming pioneer’s massive spending will fuel growth around the world. New shows like “Altered Carbon” and “O Mecanismo” helped Netflix smash analysts’ subscriber estimates, and its better-than-expected second-quarter outlook soothed concerns […]
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A little-known company called Telegram raised $1.7 billion over two months in early 2018.
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Earnings season couldn’t be coming at a better time for the stock market.
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CALGARY—The suspension of work on Kinder Morgan Canada Ltd.’s Trans Mountain pipeline expansion project will have a “chilling” effect on overall investment in Canada, industry observers say. The company’s April 8 decision to impose a May 31 deadline for government reassurance that it can safely spend the bulk of the project’s $7.4-billion construction cost comes […]
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Over the last few weeks, Tesla experienced a spate of fresh setbacks which is shaking investor confidence on whether CEO Elon Musk can deliver on his bold promise of bringing electric cars to the masses.
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OTTAWA—Facebook founder Mark Zuckerberg made a public apology on April 4 for his company’s handling of users’ personal information—including more than 620,000 Canadians’—as the social media giant faced a growing international uproar over the questionable use of personal data for political purposes. The company estimates 622,161 users in Canada had their data improperly shared with […]
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NEW YORK/SAN FRANCISCO—Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Spotify shares opened at $165.90, up nearly 26 percent from […]
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WASHINGTON—President Donald Trump has fired a warning shot at Amazon Inc. over the online retail giant’s practices that are driving thousands of retailers out of business as the company increases its competitive advantage through loopholes. Chief among those loopholes was Amazon’s failure in the past to collect state sales taxes. Amazon’s record on this issue […]
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TORONTO—Hudson’s Bay Co. is the latest Canadian company to be hit with a data breach, saying that customer payment card information may have been stolen from shoppers at certain Saks Fifth Avenue, Saks Off Fifth, and Lord & Taylor stores in North America. A spokesperson for the retailer would not comment on whether any specific […]
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TORONTO/NEW YORK—Retailer Hudson’s Bay Co on Sunday disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks and Lord & Taylor stores in North America. One cyber security firm said that it has evidence that millions of cards may have been compromised, which would make the […]
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TORONTO—A Facebook executive admits that the tech giant “has a lot to answer to” in the wake of a scandal that allegedly saw user data mishandled. Speaking to about 1,500 marketers at the company’s Canadian summit in Toronto, vice-president of global marketing solutions for North America Nada Stirratt said recent allegations that the data of […]
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Spotify is providing a new blueprint on how technology companies can go public by eschewing the traditional IPO model.
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TORONTO—Barrick Gold Corp.’s visionary founder Peter Munk, a man of lofty global ambitions who fulfilled them like few others, died on March 28 at the age of 90. He racked up an impressive series of accomplishments in everything from custom stereos to tropical resorts, and established himself as one of Canada’s great entrepreneurs. Munk will […]
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The deadline for Aecon Group Inc. to complete its sale to a Chinese state-owned business has been extended to July 13 as Ottawa continues its national security review of the $1.5-billion deal. The Toronto-based construction company and acquirer CCCC International Holding Ltd. (CCCI) had faced a self-imposed deadline of Friday to close the controversial transaction. […]
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WASHINGTON—President Donald Trump is taking a hard-nosed approach to tackling one of the most urgent problems facing the country. The trade sanctions that Washington unveiled on March 22 are meant to punish Beijing for employing “unfair trade practices” to steal American technology that will be vital to the U.S. economy in the years ahead. “If […]
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SINGAPORE/SAN FRANCISCO—Ride-hailing firm Uber has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company’s second retreat from an Asian market. The industry’s first big consolidation in Southeast Asia, home to about 640 million people, puts pressure on Indonesia’s Go-Jek, which is backed by Alphabet […]
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LAS VEGAS/HONG KONG—Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States. Best Buy will stop selling Huawei’s devices over the next few weeks, according to the person […]
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WASHINGTON—President Barack Obama fought long and hard to pass the 2010 Dodd-Frank Act, a signature policy achievement that has now turned into a source of tension among Democrats. In a 67–31 vote, the Senate passed a banking bill on March 15, paving the way for the largest overhaul of banking regulations since the 2008 financial […]
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SYDNEY—Australian billionaire James Packer on Wednesday resigned from the board of casino operator Crown Resorts Ltd because he is suffering “mental health issues,” according to a spokesman. Packer owns approximately 47 percent of Crown, the biggest listed casino company outside China via his company CPH Crown Holdings Ltd and had returned to Crown’s board in […]
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SAN FRANCISCO/ FRANKFURT—Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal data on 50 million Facebook users. Privacy experts said the disclosure that a […]
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TORONTO—The United States has arrested and charged the chief executive of cybersecurity firm Phantom Secure, alleging the Vancouver-area businessman has conspired to provide drug traffickers with modified BlackBerry smartphones to evade law enforcement. Vincent Ramos of Richmond, B.C., was arrested March 7 in Bellingham, Wash., near Seattle, and faces criminal charges filed with a U.S. […]
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