News: Technology

Musk says Saudi fund supports Tesla buyout as talks continue

Monday  18:30,   13 august 2018
reuters

<p>Tesla CEO Elon Musk said Monday he is still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding.</p>Load[...]
News / Technology

After an earnings miss, investors need to stay clear of Canadian Tire Corporation Limited (TSX:CTC.A)!

Monday  17:51,   13 august 2018
fool

After missing earnings, shares of Canadian Tire Corporation Limited (TSX:CTC.A) remain one of the best bargains to avoid!After finally crossing under the 200-day simple moving average, shares of the unique Canadian retailer may finally be taking a[...]

Plenty of Canadians own shares in gun companies without knowing it

Monday  16:51,   13 august 2018
huffingtonpost.ca

Heads up: you might be a gun stock investor.&nbsp;&nbsp;Maybe you've never been to a range, received an heirloom rifle as a gift or hunted for sport. But if you have investments in an index fund, mutual fund or exchange traded fund, it's[...]

Housing bidding wars heating up in Montreal

Monday  12:20,   13 august 2018
msn

Montreal's sizzling real estate market has spawned bidding wars, a common occurrence in recent years in the frenzied Toronto and Vancouver markets , but a rare phenomenon in Canada's second-largest city.A mix of very low inventory, a solid[...]

Turkish lira hits new record low after last session's free fall

Monday  09:07,   13 august 2018
cnbc

The Turkish lira touched a new record low in early Asian trade.The Turkish lira touched a new record low in early Asian trade after its free fall in the previous[...]

Energy Executives Lament Trump Tariffs As Costs Rise On Pipeline Projects

Sunday  12:05,   12 august 2018
ibtimes

U.S. President Donald Trump’s proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises. [...]

Papa John's cuts costs for North America franchisees as sales fall

Saturday  08:40,   11 august 2018
reuters

Papa John's International Inc (PZZA.O) on Friday said it would lower royalties and fees charged to its U.S. and Canadian franchisees as sales at the U.S. pizza chain decline following the acrimonious exit of it founder. The company will cut[...]

As soybean futures plunge, farmer says tariffs have 'devastated' the industry

Saturday  04:35,   11 august 2018
cnbc

The possibility of a record soybean harvest will only add to the woes of an industry already "devastated" by escalating trade tensions between the United States and China, says Ohio soybean farmer Chris Gibbs.Load[...]

Turkish lira plunges 17% to record low against dollar

Saturday  00:45,   11 august 2018
cnn

The Turkish lira plummeted as much as 17% against the dollar on Friday, deepening worries about the country's economic stability.The Turkish currency plummeted as much as 17% against the dollar, reflecting a range of concerns, including tensions [...]

A secret millionaire with an MBA and a $1 million home in Brooklyn spends her days collecting cans for $20 at a time

Friday  11:07,   10 august 2018
msn

Lisa Fiekowski is a Brooklyn millionaire who collects cans as a hobby.Load[...]

Dollar approaches 13-month high; rouble, Turkish lira downtrodden

Friday  07:56,   10 august 2018
reuters

Dollar approaches 13-month high; rouble, Turkish lira downtroddenThe Russian rouble dropped to its weakest since late 2016 after Washington said it would impose fresh sanctions on Moscow, while the Turkish lira plumbed a record low in the wake of a[...]

Pot-based medical pet products closer to fruition

Friday  07:56,   10 august 2018
msn

Canadian pets are a few steps closer to getting their paws on pot-based medical treatments in Canada as more cannabis companies research marijuana's efficacy for companion animals. Canopy Growth Corp.Canopy Growth Corp. is the latest medical[...]

Tesla board plans to tell Elon Musk to recuse himself, prepares to review take-private plan

Friday  03:20,   10 august 2018
cnbc

The board plans to meet with advisors next week about taking Tesla private, and has told Musk that he needs his own separate set of advisers.Load[...]

Cenovus inks deal to sell assets for $625M

Friday  03:15,   10 august 2018
msn

Oilsands producer Cenovus Energy Inc. is selling northwestern Alberta oil and gas assets for $625 million as part of a process to reduce its $9.5-billion debt burden. The sale is to include its Pipestone and Wembley natural gas and liquids[...]

Ex-Hearst Newspaper chief Robert Danzig dies at 85

Friday  03:05,   10 august 2018
msn

Robert J. Danzig, who overcame difficult beginnings as a foster child during the Great Depression to become the head of Hearst Newspapers, has died, the company said. He was 85.&nbsp;Danzig lead the newspaper division at Hearst from 1977 to[...]