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  • Microsoft plans to rebuild its headquarters

    November 29, 2017 6:37 PM 9

    SEATTLE -- Microsoft is overhauling its longtime headquarters with an 18-building construction project that will make room for another 8,000 workers. The announcement came ahead of the company's annual shareholders meeting Wednesday. Microsoft's decision to expand on the footprint of its campus in Redmond, Washington, its home since 1986, is in contrast

  • Equifax Canada says cyberattack affected more than 19,000 Canadians

    November 29, 2017 6:23 PM 11

    Equifax issued a statement on Tuesday saying 11,670 of the affected credit cards are Canadian. Equifax Canada has revised the number of Canadians caught up in a massive data breach earlier this year, saying an investigation has found that more than 19,000 were affected. The company previously said about 8,000 Canadian customers had their personal information

  • CanniMed adopts shareholder rights plan in takeover fight with Aurora Cannabis

    November 29, 2017 4:25 PM 10

    SASKATOON - CanniMed Therapeutics Inc. says it has adopted a shareholder rights plan in a bid to defend itself against a hostile takeover offer by Aurora Cannabis Inc. The company says the move will ensure its shareholders have a chance to vote on its own acquisition of Newstrike Resources Ltd. (TSXV:HIP). The rights plan prevents Aurora from acquiring

  • Hebron oil project off Newfoundland produces first crude ahead of schedule

    November 28, 2017 6:22 PM 10

    ST. JOHN’S, N.L.—Exxon Mobil Corp. says first oil has been produced ahead of schedule from the $14-billion Hebron project in the Jeanne D’Arc Basin about 350 kilometres southeast of St. John’s. It had been expected to begin production in December. At its peak, it is designed to produce 150,000 barrels of oil per day. The Hebron oilfield off Newfoundland

  • WeWork buying Meetup, a social network that connects hobbyists

    November 28, 2017 6:02 PM 8

    "WeWork has space for community and Meetup needs space for community. Voila!" the social network says. New York—WeWork Cos., known for bringing people together in common spaces to work or even live, is buying a social network whose aim is to link up hobbyists in their down time. New York-based WeWork is buying fellow hometown startup Meetup, whose 35 million

  • Air Miles raising daily redemption cap to $750 for the holiday season

    November 28, 2017 3:26 PM 10

    TORONTO -- Air Miles is raising its daily cap for in-store cash redemptions for the holiday season. The customer loyalty program is increasing the daily limit in most cases to $750 per account from Dec. 1 to Jan. 7 compared with its regular limit of $100. The cap on redemptions at Shell remains set at $60 per transaction, for up to five transactions

  • Home Capital vows to defend against possible $70-million short seller claim

    November 28, 2017 2:37 PM 9

    The alternative mortgage lender says it has received a draft statement of claim from a partnership managed by West Face Capital Inc. containing allegations of misrepresentation. Home Capital Group Inc. says it has received a draft statement of claim from a partnership managed by West Face Capital Inc. containing allegations of misrepresentation

  • Airbus, Siemens, Rolls-Royce team up to develop hybrid passenger plane

    November 28, 2017 2:04 PM 11

    The hybrid passenger plane would use a single electric turbofan along with three conventional jet engines running on aviation fuel. FRANKFURT—Airbus, Siemens and Rolls-Royce are teaming up to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines running on aviation fuel. The plane is an effort

  • Scotiabank profit tops $2B in fourth quarter

    November 28, 2017 1:44 PM 9

    Scotiabank posted fourth-quarter earnings of $2.07 billion or $1.64 diluted earnings per share for the three months ended Oct. 31, up from $2.01 billion or $1.57 during the same time last year. For the year as a whole, profit topped $8.2 billion, a record for the lender. The quarter was helped by Scotiabank's Canadian and international banking business

  • Aurora-CanniMed backers include Saskatchewan funds, Toronto investment manager

    November 27, 2017 9:05 PM 14

    VANCOUVER -- Aurora Cannabis Inc.'s all-stock hostile takeover bid of medical marijuana company CanniMed Therapeutics has the backing of a Toronto-based investment manager, two Saskatchewan venture capital funds, and an investment fund also based in the prairie province, according to regulatory filings. Shares of Aurora (TSX:ACB) were up as much as 16 per cent in late afternoon