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  • Manulife cutting 700 jobs as it restructures operations

    June 21, 2018 3:51 PM 18

    Manulife Financial Corp. says it will cut its workforce by about 700 jobs as part of a wider restructuring of its operations as it makes a greater push to digital. The company says the job cuts will come through voluntary exit programs and natural attrition over the next 18 months. Manulife says it will require fewer staff as it automates and digitizes

  • Intel CEO resigns after company learns of consensual relationship with employee

    June 21, 2018 2:29 PM 12

    John Lasseter, co-founder of Pixar Animation Studios and Walt Disney’s animation chief, also recently said he was resigning over what he called “missteps” with employees. The abrupt departure of Krzanich, who has been the Intel’s top executive since 2013, overshadowed otherwise positive news for the $246-billion (U.S.) tech company. Intel said Thursday

  • Dow Chemical wins legal dispute against Nova Chemicals over Alberta plant

    June 21, 2018 3:17 AM 11

    Justice Barbara Romaine of Alberta Court of Queen’s Bench ruled in favour of Dow and against a counterclaim filed by Nova in a case that included claims and counterclaims for damages between 2001 to 2012. “Dow has established these facts and has proved on a balance of probabilities that Nova has breached the joint venture agreements both as Operator

  • Disney overtakes Comcast with $71-billion bid for Twenty-First Century Fox

    June 20, 2018 6:23 PM 11

    If Disney prevails, Avatar and other movies from Fox’s studios would help beef up Disney’s upcoming streaming service. Disney, which already owns Marvel, would get back the characters previously licensed to Fox, setting the stage for X-Men and the Avengers to appear together. If Comcast wins, it would get a larger portfolio of cable channels including

  • Genesis, Kia and Hyundai 1-2-3 in new vehicle quality, J.D. Power survey says

    June 20, 2018 6:10 PM 12

    “Avoiding problems with safety and driver assistance technology is critical,” he said in a statement. “Otherwise automakers will not easily overcome consumer resistance to fully automated cars.” Genesis, Hyundai’s luxury brand, had only 68 problems per 100 vehicles, while Kia had 72 and Hyundai had 74, according to the survey. Land Rover had 160 problems

  • Major U.S. airlines refuse to carry children seized by immigration agents

    June 20, 2018 5:59 PM 27

    Major U.S. airlines are telling the White House that they don't want to participate in any transportation of migrant children who have been separated from their parents at border crossings. In a statement Wednesday, American Airlines said it doesn't know whether any migrant children have been on its flights, but it doesn't want to profit from the current

  • TSX surges to record high in late-morning trading

    June 20, 2018 2:41 PM 9

    The strength on the Toronto market came as the influential energy, financial and materials sectors all traded higher. The health care group, which includes some of the country’s biggest marijuana companies, also headed higher. The Senate voted Tuesday to pass the government’s cannabis bill, paving the way for Canadians to be able to legally purchase

  • General Mills banks on yogurt with less sugar to spur turnaround

    June 19, 2018 4:23 PM 11

    U.S. consumers essentially didn’t eat Greek yogurt before Chobani burst onto the scene in 2007, rocketing to $1 billion in sales in its first five years. Much of that success came at the expense of General Mills. For years, Yoplait was the top-selling brand in the U.S., and as recently as 2012, it accounted for about 24 per cent of the U.S market. In 2016 Chobani

  • Trudeau has billions of reasons to dig in against Trump on dairy

    June 19, 2018 4:07 PM 11

    Justin Trudeau’s defence of Canadian dairy tariffs isn’t just about farmers and politics — it’s about debt, too. The prime minister squared off with U.S. President Donald Trump this month over Canada’s “supply management” system, which sets quotas for dairy, eggs and poultry and charges high tariffs above that threshold. Despite a U.S. surplus on dairy

  • Auto tariffs would permanently scar Canada’s economy, TD warns

    June 18, 2018 7:20 PM 10

    Canada’s economy will be permanently scarred if U.S. President Donald Trump imposes auto tariffs, with one in five Ontario manufacturing jobs at risk and the potential for a lasting reduction in output, according to new analysis by Toronto-Dominion Bank. TD Economics forecasts U.S. tariffs on automobile imports would lead to a short recession for Canada