Today's Top Business News

Business

Big elevator companies blast Ontario bill, safety agency in new report

TORONTO — Canada's major elevator companies, which have come under scrutiny for breakdowns and delayed repairs, are warning that proposed Ontario legislation aimed at enhancing reliability of the devices in the...


Business

Amazon would save $1.5B a year in salaries if new HQ in Toronto area: Ed Clark

Setting up its second headquarters in the Greater Toronto Area would save Amazon $1.5 billion a year, the man heading up Ontario's bid for the project said Wednesday, as the deadline loomed for cities in North ...


Business New

Companies help working mothers by shipping breast milk home

By Peter HolleyThe Washington PostWed., Oct. 18, 2017After returning to work following the birth of her twins, Kate Torgersen was on a business trip in San Diego in spring 2014. It wasn’t the most important tri...


Business New

30 years after Black Monday, what could slow this bull run?

NEW YORK — How long can this nirvana last for investors?The stock market keeps methodically ticking into record territory, and the Dow Jones industrial average is trading above 23,000 for the first time. It's b...


Business

Women who own businesses find bank loans harder to get

NEW YORK — Getting a bank loan is still a struggle for many women who own businesses.Kirsten Curry has had three rejections in the past six months and is waiting to hear from a fourth bank. Curry, owner of Seat...


Business

Swift firings of Faber and Weinstein show boards are — finally — ready to reprimand bad behaviour

Corporate directors should now be on notice: bad behaviour isn’t so easily swept under the rug. As a parade of executives has been outed as sexist, racist or both, boards have been called on to set — and enforc...


Business

Delta says it did not play a role in Airbus-Bombardier deal

Delta Air Lines Inc.'s chief executive on Wednesday said the carrier did not play a role in pushing an industry-changing deal between planemakers Airbus and Bombardier Inc., as a regulatory spat between the Uni...


Business New

Encana calls end to Permian land race as focus turns to output

Encana CEO Doug Suttles says drillers in Texas’s prolific Permian Basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re boosting production. Instead, investors w...


Business

Magna partners with Chinese company on electric-drive powertrain

By The Canadian PressWed., Oct. 18, 2017AURORA, Ont.—Auto parts maker Magna International Inc. has signed a joint-venture agreement with Chinese company Huayu Automotive Systems Co., Ltd., a subsidiary of SAIC ...


Business New

Google Maps pulls cupcake calorie-counting feature over concern for users with eating disorders

By Travis M. AndrewsThe Washington PostWed., Oct. 18, 2017A new Google feature that may have seemed sweet quickly turned sour.Google Maps recently tested a feature that showed users how many calories they could...


Business

Michael Jordan scores again, this time with his Jumpman logo

CHARLOTTE, N.C. — Michael Jordan is showing he still has the ability to score big — even though he hasn't played in nearly 15 years.The Hornets owner's latest slam dunk off the court might come by way of the NB...


Business

Kentucky seeks big pension changes to stem tide of red ink

FRANKFORT, Ky. — Most of Kentucky's future public employees would not get guaranteed pension payments under a deal announced Wednesday by the state's Republican leaders who are trying to salvage one of the wors...


Business

IRS still enforcing Obama-era insurance mandate

WASHINGTON — Contrary to widespread perceptions, the IRS still appears to be enforcing the unpopular Obama-era requirement that most people carry health insurance or risk a fine.The agency says on its website t...


Business

Half a trillion pounds disappear from Britain’s coffers in stunning writedown that equals a quarter of nation’s GDP

Global banks and international bond strategists have been left stunned by revised ONS figures showing that Britain is 490 billion pounds poorer than assumed and no longer has any reserve of net foreign assets, ...


Business

Crews douse fire at huge oil refinery near Los Angeles

EL SEGUNDO, Calif. — A fire that erupted at the West Coast's largest oil refinery threatened storage tanks and sent huge flames into the sky and black smoke across neighbourhoods before crews quickly smothered ...


Business

Central banking leadership flux looms as global economy facing combustible challenges

WASHINGTON — The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of...


Business

TSX edges higher as Dow Jones opens above 23,000

By The Canadian PressWed., Oct. 18, 2017Canada’s main stock index edged higher in late-morning trading as U.S. stock markets also gained ground.The S&P/TSX composite index was up 2.96 points to 15,819.86, after...


Business

Canada among 10 WTO members airing concerns about Trump 'Buy American' order

GENEVA — Israel, China and Taiwan joined a number of U.S. allies at the World Trade Organization on Wednesday to express concerns over a Trump administration executive order that calls on U.S. authorities to "m...


Business New

Automotive sector drove up August manufacturing sales

By The Canadian PressWed., Oct. 18, 2017OTTAWA—Statistics Canada says manufacturing sales rose 1.6 per cent to $53.5 billion in August, their first move higher after two consecutive monthly declines.The agency ...


Business

Nielsen says it will report on who's watching streamed shows

NEW YORK — The Nielsen company, which has long measured viewership of television programs, now says it has a way to collect and widely spread details about how many people watch programming produced by streamin...