EU regulator who fined Google, ordered Amazon to pay taxes, plans tighter scrutiny for tech sector

Silicon Valley’s notorious nemesis, Margrethe Vestager, plans to end her term as the European Union’s antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world’s big tech companies. As the EU’s competition commissioner, Vestager is arguably the world’s most important tech regulator. Since 2014, she has slapped […]

Paul Godfrey steps down as Postmedia CEO as company announces $1.4M loss

Paul Godfrey is stepping down as CEO of Postmedia Network Canada Corp. but will remain as executive chairman of the company, which owns the National Post, other newspapers and digital publications. Andrew MacLeod, who has been Godfrey’s second in command since 2016, becomes Postmedia’s chief executive officer.   The announcements came as the owner of the National […]

Ford to shake up European business, cut jobs

Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars. In a statement, the company said Thursday that “structural cost improvements will be supported by a reduction of surplus labour,” both hourly and salaried. The Dearborn, Michigan-based […]

Ford F-series trucks are the most often stolen vehicles in Canada, insurers say

Auto theft is up six per cent across the country, according to a report released Tuesday by the Insurance Bureau of Canada (IBC). New Brunswick tops the lists with a 28 per cent increase, followed by Ontario with a 15 per cent increase, Quebec, up seven per cent, and Alberta, up six per cent — the highest per capita […]

GM cuts will be painful but better now than during a recession: Don Pittis

“It could have been worse,” will be of no comfort to those affected by the shutdown and job losses at General Motors. It has been a shock to affected families and to the communities where plants are closing. “It’s going to affect the province, it’s going to affect the region,” said Oshawa, Ont., mayor John Henry after hearing […]

Greyhound service in Western Canada stops at midnight: Now what?

Small towns from Osoyoos, B.C., to Massey, Ont., will lose their bus connection to the wider world Wednesday night, when Greyhound Canada ceases its service to Western Canada. The last Greyhound bus pulls into a station in Western Canada Wednesday night at midnight, the victim of high costs and declining ridership, according to U.S. parent […]

Estée Lauder seeks to kick Deciem founder out of cosmetics company

Lawyers for Estée Lauder were in a Toronto court today trying to kick out the founder of a small Canadian cosmetics company they bought a stake in last year, the latest twist in the dizzying saga of one of the fastest growing names in beauty products. The fashion and beauty conglomerate was seeking an injunction […]

Canada introduces new surtaxes to curb flood of steel imports

The federal government says it is imposing new surtaxes on some foreign steel to head off the threat of dumping. Beginning Oct. 25, imports of seven steel products will be subject to a 25 per cent surtax when the level of those imports exceeds historical norms, according to a release from the Department of Finance. […]

SEC settlement could be just the beginning of more turmoil at Tesla

Elon Musk, the brash tech multi-billionaire with the badass reputation, has been chastened but not broken. The chairman and chief executive of Tesla Inc. settled a case brought by the U.S. Securities and Exchange Commission (SEC), which accused him of deliberately misleading investors through a series of social media postings back in August. The settlement, which […]