Trump threatens to cut GM’s electric car subsidies because of plant closures

U.S. President Donald Trump said Tuesday that he was “very disappointed” that General Motors was closing plants in the United States and warned that the White House was “now looking at cutting all GM subsidies,” including for its electric cars program. Trump unleashed on Twitter a day after GM announced it would shutter five plants […]

Canadian MPs criticize Facebook’s Zuckerberg for U.K. parliament no-show

Facebook came under fire on Tuesday from lawmakers from several countries — including Canada — who accused the firm of undermining democratic institutions and lambasted chief executive Mark Zuckerberg for not answering questions on the matter. Facebook is being investigated by lawmakers in Britain after consultancy Cambridge Analytica, which worked on Donald Trump’s presidential campaign, obtained […]

Facebook admits it conducted opposition research on Soros, other critics

Facebook’s outgoing head of communications is taking the blame for hiring Definers, the public relations firm doing opposition research on the company’s critics, including billionaire philanthropist George Soros. In a Facebook post that went up late Wednesday, Elliot Schrage said the responsibility to hire Definers rests with him and that he approved the decision to […]

‘I feel cheated’: Telco customer set to speak on Day 1 of CRTC hearing into misleading sales practices

Shawn Ahmed says he knew he wanted to participate, as soon as he learned the CRTC asked to hear, in person, from consumers frustrated by their telecom service provider. The federal telecom regulator is holding a five-day public hearing this week in Gatineau, Que., part of an inquiry into misleading and aggressive telco sales practices, ordered in June […]

Abbott Nutrition recalls meal replacements including Ensure Plus for possible bacterial contamination

Abbott Nutrition is recalling a number of canned nutritional beverages due to possible bacterial contamination. The Chicago-based company is recalling products under its Ensure Plus, Jevity and TwoCal brands, among others. Full details are available on the Canadian Food Inspection Agency’s website, which says there has been one reported illness associated with the products. The CFIA […]

North American stocks slide lower, loonie down against U.S. dollar

Canada’s main stock index hit a six-month low Thursday while U.S. stock markets suffered another sell-off day as investors are pricing in political and trade uncertainties they’ve long overlooked. The result is they have now woken up to issues that have existed for the last six to 12 months, says Kash Pashootan, CEO and chief […]

Mass action against Google over iPhone data blocked by London court

London’s High Court on Monday blocked an attempt to bring legal action against Alphabet Inc’s Google over claims it had collected sensitive data from more than 4 million iPhone users although it said the company’s actions had been “wrongful.” The claimants had said Google had illegally accessed details of iPhone users’ internet browsing data by […]

Amazon raises its U.S. minimum wage to $15 an hour

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, seeking to head off criticism of working conditions at the world’s second most valuable company. The online retailer said it would now lobby in Washington for an increase in the federal minimum wage and […]

Big 4 in the oilsands could soon become the Big 5

Husky Energy has ambitions to grow but instead of building a new, multi-billion-dollar facility in the Alberta oilsands, the Calgary-based company is launching a hostile takeover of MEG Energy. It’s a $6.4-billion offer and would boost Husky’s oil production by about a third, propelling it among the oilsands’ biggest players. Right now, there are four large players in […]