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  • Starbucks to shut 8,000 U.S. outlets for bias training after protests

    April 17, 2018 6:50 PM 11

    Arrests of 2 black men in Philadelphia outlet leads to protests, social media backlash Starbucks Coffee Co. says it will close its more than 8,000 company-owned outlets in the U.S. for part of a day in May to conduct "racial-bias education" for its staff in the wake of the recent arrest of two black men at one of its stores in Philadelphia. In a release

  • Air Canada to offer premium price lie-flat seats on some flights

    April 17, 2018 4:22 PM 10

    Routes with the perk will include overnight daily flights from Vancouver, Los Angeles and San Francisco to Toronto, the airline says. Routes with the lie-flat seats will include overnight daily flights from Vancouver, Los Angeles and San Francisco to Toronto, the airline says. This new service, branded as Air Canada Signature Service, will also include

  • Resource and tech sectors help boost stocks in Toronto

    April 17, 2018 3:47 PM 11

    Resource and technology stocks helped boost Canada’s main stock index in late-morning trading, while U.S. market were solidly higher. The S&P/TSX composite index was up 80.54 points to 15,380.92, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 266.86 points to 24,839.90. The S&P 500 index was up 28.44 points to 2,706.28 and the Nasdaq

  • Apple Music-like news subscription service planned: Report

    April 17, 2018 2:18 PM 11

    Apple plans to integrate recently acquired magazine app Texture into Apple News and debut its own premium subscription offering, according to reports. A new, simplified subscription service covering multiple publications could spur Apple News usage and generate new revenue in a similar manner to the $9.99 per month Apple Music offering. That streaming

  • Netflix original shows lure more new subscribers than expected

    April 16, 2018 8:26 PM 14

    Netflix Inc.'s blitz of new programming 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. Shares of Netflix jumped more than seven per cent in after-hours trading on Monday to $330.30 US. They are up 65 per cent this year. Wall Street

  • Hudson’s Bay names Bari Harlam new chief marketing officer

    April 16, 2018 6:46 PM 12

    Harlam has held senior marketing roles at U.S. companies such as CVS Health, BJ’s Wholesale Club and Swipely. Hudson’s Bay Co. is naming Bari Harlam as its new chief marketing officer. Harlam has held senior marketing roles at U.S. companies BJ’s Wholesale Club, Swipely and CVS Health, where she built and launched the pharmacy’s loyalty program

  • PC Optimum members get hit by points theft twice. Loblaws blames password glitch

    April 15, 2018 8:00 AM 12

    Even after changing password, people had more points stolen from their account ​Thieves continue to steal hundreds of thousands of PC Optimum rewards points, and some members have had the misfortune of being hit twice. Since launching on Feb. 1, the PC Optimum rewards program has battled a handful of technical issues, including strangers' accounts

  • Elon Musk doubles down on claim Tesla won’t need to raise more cash this year

    April 13, 2018 4:34 PM 17

    The electric-car maker will be profitable and cash-flow positive in the third and fourth quarters, the chief executive officer predicted in an early Friday morning tweet. That’s a rosy outlook relative to Wall Street expectations. Tesla is projected to burn through about $994 million U.S. in the second half of the year, according to analysts’ average

  • Toys 'R' Us stores in Canada, U.S. draw $890M bid

    April 13, 2018 3:45 PM 14

    Bid includes $675 million to buy U.S stores and $215 million for Canadian outlets The head of U.S. toy company MGA Entertainment Inc. revealed Friday that he has made a formal bid to acquire the Toys "R" Us stores in both Canada and the United States. In a release, Isaac Larian, the CEO of MGA Entertainment, said the bid is for $675 million US to buy the U.S stores

  • Tesla will be profitable in second half of 2018: Musk

    April 13, 2018 2:30 PM 11

    Tesla has sought to play down Wall Street speculation it will need to raise capital Tesla Inc. will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire chief executive Elon Musk said on Friday, driving shares in the electric carmaker up. Tesla has already sought this month to play down Wall Street