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  • Spotify to offer making-of audiobooks on world’s top albums

    May 8, 2018 5:27 PM 7

    Spotify cut a deal with Britain’s Bloomsbury Publishing Plc, whose 33 1/3 series also documents the back stories behind David Bowie’s Low. LONDON—Spotify Technology SA will begin offering audiobooks that document the making of some of the world’s best-known albums, including Bruce Springsteen’s Born in the U.S.A. The world’s largest streaming-music service

  • WestJet shares plummet after airline reports dip in first-quarter profit

    May 8, 2018 4:02 PM 8

    But WestJet’s revenue for the three-month period totalled $1.19 billion, up from $1.11 billion in the same quarter last year. CALGARY—WestJet Airlines Ltd. shares plummeted to their lowest levels in more than a year after reporting what it called a challenging first quarter in which it booked higher fuel costs. The Calgary-based company says it earned

  • Record labels reap more than $1 billion selling Spotify stakes

    May 7, 2018 5:27 PM 8

    Royalty checks from the streaming service have helped boost music-industry sales three years in a row. Now the labels will be able to use money from their equity sales to pay artists and fund acquisitions. “We were the first major music company to announce that we would share proceeds with our artists from the sale of equity in digital services — in this case, Spotify

  • Trudeau, Wynne at Ontario Toyota plant for $1.4B investment announcement

    May 4, 2018 7:30 PM 19

    Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne were in Cambridge, Ont., at a Toyota plant for the announcement of a $1.4-billion a shot in the arm for Ontario's auto manufacturing sector. Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne were in Cambridge, Ont., on Friday at a Toyota plant for the announcement of a $1.4-billion

  • Toyota planning $1.4B expansion of Woodstock, Cambridge plants: Report

    May 4, 2018 7:17 PM 16

    Toyota Motor Corp. is set to announce a $1.4 billion expansion of its Canadian operations to build the RAV4 sport utility vehicle, a bet on the nation’s manufacturing amid a cloud of uncertainty from ongoing NAFTA talks. The Japanese automaker is slated to make an announcement Friday afternoon at its facility in Cambridge, alongside Prime Minister Justin

  • Twitter tells users to change passwords after bug found

    May 4, 2018 4:26 PM 16

    The company advised users to change passwords for Twitter and other services with the same password after a bug exposed the passwords in plain text internally. Twitter advised users to change their passwords after the company found a bug in its systems that exposed passwords in plain text internally. The company said it removed the non-encrypted passwords

  • TSX boosted by financial and industrials sectors, loonie up

    May 4, 2018 3:50 PM 13

    Canada’s main stock index was higher in late-morning trading, boosted by gains in the financial and industrials sectors. The S&P/TSX composite index was up 69.47 points to 15,690.94, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 215.58 points to 24,145.73. The S&P 500 index was up 19.73 points to 2,649.46 and the Nasdaq

  • Amazon’s impact on city a major factor in HQ2 decision

    May 4, 2018 3:00 PM 15

    The tech giant is looking to avoid the kinds of problems it has encountered in it’s original home of Seattle, in the city it picks for it’s new headquarters In Denver, Amazon and local officials talked at length about public transit options and the creation of bike lanes, Bailey said. They even discussed the possibility of Amazon financing a new light-rail

  • Canada Post Group reports 2017 profit up as parcel business swells

    May 3, 2018 8:51 PM 11

    Rise of online shopping helps boost company’s parcel delivery business OTTAWA - The Canada Post Group of Companies reported a profit of $144 million for 2017, up from $81 million in 2016, as its parcel business grew with the popularity of online shopping. The improved profit at the company which includes Canada Post, Purolator and SCI Group came as revenue

  • Volkswagen’s new CEO promises more ethical company culture

    May 3, 2018 5:32 PM 11

    Herbert Diess said that while cases of unethical conduct can happen anywhere, Volkswagen ‘definitely had too many of them.’ FRANKFURT—Volkswagen’s new CEO, Herbert Diess, has vowed to build a more ethical culture after the company’s diesel emissions scandal and outlined a new structure aimed at streamlining decision-making at the sprawling company