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  • Under Armour restructuring costs rise as it trims workforce

    September 21, 2018 4:47 PM 11

    The Baltimore-based company now expects its pretax restructuring charges for the year to be between about $200 million and $220 million, with the workforce reductions resulting in about $10 million in severance costs. The company had expected restructuring charges for the year to be between $190 million and $210 million. The restructuring has also included

  • Airline fight push to regulate ticket-change fees

    September 21, 2018 4:29 PM 8

    “I have sympathy for someone who is making a change well in advance,” Peter Ingram, chief executive of the airline’s parent Hawaiian Holdings Inc., said in an interview. “It’s worthwhile for us to consider whether we should change something on that.” John Heimlich, the airline trade group’s chief economist, said 3% of all passengers pay change fees, and that those

  • Amazon’s new microwave: ‘Alexa, please defrost my chicken’

    September 21, 2018 3:39 PM 13

    SEATTLE—In a bid to control the smart home of the future, Amazon.com Inc. is offering makers of electronics a small chip that would let people use their voice to command everything from microwaves and coffee machines to room fans and guitar amplifiers. The online retail giant is hoping big manufacturers will sign up to incorporate the Alexa-enabled chips

  • Activision’s Duty to challenge Fortnite

    September 21, 2018 1:31 AM 10

    The strong buzz bodes well for Activision, which already faced high expectations for its biggest release of the year. Analysts expect revenue from the Call of Duty franchise to jump 27% this year to about $1.9 billion, according to consensus estimates from Visible Alpha. That would help offset projected declines from other big games such as Destiny

  • Torstar to buy political news outlet iPolitics

    September 20, 2018 5:26 PM 13

    Torstar Corp. publisher of The Toronto Star, says it has agreed to buy Ottawa-based digital media service iPolitics Inc. to help expand its political coverage for print and digital audiences. Following the expected closing of the transaction on Oct. 1, Torstar daily newspapers and websites across the country will soon begin publishing articles from iPolitics

  • Emerging markets, trade put a cloud on global economy, OECD says

    September 20, 2018 4:36 PM 13

    PARIS—The global economy is shrouded in “high uncertainty” as the outlook for emerging markets deteriorates sharply and trade tensions intensify, the Organization for Economic Cooperation and Development said. The gloomy analysis has pushed the Paris-based institution to cut its global growth forecasts for this year and next with particularly sharp revisions

  • Torontonians want more housing, but many don’t want development too close to home, polls shows

    September 18, 2018 10:22 PM 9

    But the “quite high degree of opposition” to the kind of construction the city needs is disheartening, he said. That resistance comes despite a finding that shows four out of 10 respondents — 26 per cent — strongly believe municipal zoning bylaws should be reviewed to allow for more mid-density housing types such as town homes. The poll is the second

  • Visa, Mastercard reach $6.2 billion settlement on swipe fees

    September 18, 2018 4:41 PM 11

    NEW YORK—Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the litigation, including $5.3 billion already

  • Marijuana may take Shopify stock price to new heights

    September 17, 2018 7:57 PM 11

    The cloud-based commerce platform is already carrying billion-dollar brands like Fashion Nova, Rebecca Minkoff, LeSportsac and Kylie Cosmetics. Having established itself as the “go-to platform” in this sphere, Shopify already has a leading position in Canada cannabis. With retail sales starting October 17, the opportunity could serve as a driver for both revenue

  • Ford heads to Washington to talk trade amid NAFTA negotiations

    September 17, 2018 6:28 PM 8

    He and Economic Development and Trade Minister Jim Wilson will meet with negotiators to get an update on discussions to modernize the North American Free Trade Agreement, as a Sept. 30 deadline looms. “I’ll be accompanying the premier to Washington to talk to our negotiating team — Canada’s negotiating team first-hand and Ontario’s people that are there