• S. Korean Economy Grows at Fastest Quarterly Pace Since 2017
    Bloomberg

    S. Korean Economy Grows at Fastest Quarterly Pace Since 2017

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.South Korea’s economy expanded at a much faster pace than expected in the fourth quarter, buoyed by business investment and government spending and supporting optimism that a recovery may

  • United Airlines boosts profit on more revenue, cheaper fuel
    The Canadian Press

    United Airlines boosts profit on more revenue, cheaper fuel

    United Airlines reported Tuesday that higher revenue and cheaper fuel helped boost its fourth-quarter profit by nearly 40%, to $641 million.The airline's forecast of first-quarter earnings easily beat Wall Street expectations.It is not all clear sailing for United, however.The financial report came

  • The Canadian Press

    Air bag woes force Honda, Toyota to recall 6M vehicles

    DETROIT — Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists.The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash.

  • Spin Master shares fall as it cuts sales guidance on logistics, soft market
    The Canadian Press

    Spin Master shares fall as it cuts sales guidance on logistics, soft market

    TORONTO — Shares of Spin Master Corp. fell Tuesday after it said sales were going to be worse than expected because of problems with its distribution system, a softer U.S. market, and fallout from trade disputes.The Toronto-based toy giant says results for its fourth quarter and 2019 as a whole would

  • Asian Futures Mixed After Virus-Triggered Sell-Off: Markets Wrap
    Bloomberg

    Asian Futures Mixed After Virus-Triggered Sell-Off: Markets Wrap

    (Bloomberg) -- Asian stocks looked set for a mixed start as investors mull reports that China’s coronavirus had migrated to the U.S. mainland.Treasuries climbed and the yen gained Tuesday after news of the contagion, which also hit luxury stocks on concern about disruption to spending during China’s

  • WestJet removes grounded Max from schedule until June 24 on advice from Boeing
    The Canadian Press

    WestJet removes grounded Max from schedule until June 24 on advice from Boeing

    CALGARY — WestJet Airlines Ltd. says is removing Boeing's grounded 737 Max jet from flight schedules through June 24 following the manufacturer's latest guidance about regulatory approval for the plane to fly again.The Calgary-based airline says the change marks the ninth delay of the plane'

  • The Canadian Press

    Maryland GOP governor wants more visas for foreign workers

    ANNAPOLIS, Md. — Maryland's Republican governor on Tuesday urged federal officials to allow more H-2B visas for foreign workers to help the state's $355 million seafood industry and seasonal employers.Gov. Larry Hogan made the request in a letter to Acting Homeland Security Secretary Chad Wolf

  • Boeing Sees 737 Max Return Slipping to Midyear, Adding to Strain
    Bloomberg

    Boeing Sees 737 Max Return Slipping to Midyear, Adding to Strain

    (Bloomberg) -- Boeing Co. said its grounded 737 Max won’t be cleared to fly until the middle of this year, at least six months later than previously anticipated, adding to the company’s financial burden.The U.S. planemaker is resetting expectations as it addresses two recent setbacks for the embattled

  • Indigenous LNG supporters chide human rights advocates over pipeline comments
    The Canadian Press

    Indigenous LNG supporters chide human rights advocates over pipeline comments

    BURNS LAKE, B.C. — A collective of First Nations who support the liquefied natural gas industry in British Columbia say human rights advocates failed to do their research when they called for a pipeline project to be halted.The First Nations LNG Alliance has issued open letters to the B.C. human rights

  • LeBron James Helps Lyft Promote Bike Share Program
    Bloomberg

    LeBron James Helps Lyft Promote Bike Share Program

    Jan.21 -- Lyft is partnering with NBA star LeBron James and his company Uninterrupted to provide free, one-year bike share memberships. The program will start this spring in New York City. Lyft President John Zimmer talks to Bloomberg's Jason Kelly on "Bloomberg Technology."

  • The Canadian Press

    Toyota recalls 2.9M vehicles; air bags may not inflate

    DETROIT — Toyota is recalling about 2.9 million cars in the U.S. because the air bags may not inflate in a crash.The recall covers certain 2011-2019 Corollas, the 2011 to 2013 Matrix, the 2012 through 2018 Avalon and the 2013 to 2018 Avalon Hybrid.Toyota says the air bag control computer may not be properly

  • Johnson & Johnson earnings, existing home sales — What to know in markets Wednesday
    Yahoo Finance

    Johnson & Johnson earnings, existing home sales — What to know in markets Wednesday

    Dow component Johnson & Johnson earnings and existing home sales for December will be the focal points for investors Wednesday.

  • The Canadian Press

    Ex-drug execs get over 2 years in prison for bribery scheme

    BOSTON — Two former drug company executives were sentenced Tuesday to more than two years in federal prison in a bribery and kickbacks scheme that prosecutors say helped fuel the opioid crisis.Richard Simon, a Seal Beach, California, resident and the former national sales director at Insys Therapeutics

  • Netflix picks up 125,000 new subscribers in Canada amid intensifying competition
    The Canadian Press

    Netflix picks up 125,000 new subscribers in Canada amid intensifying competition

    TORONTO — Netflix says it added 125,000 subscribers in Canada during the fourth quarter as new streaming competition from Apple TV Plus and Disney Plus led to a "more muted" response from customers across the country.The global streaming company attracted more sign-ups during the period helped

  • Morgan Stanley vice chair: Voters don’t want ‘radical change’ and presidents are not 'God'
    Yahoo Finance

    Morgan Stanley vice chair: Voters don’t want ‘radical change’ and presidents are not 'God'

    Tom Nides, Morgan Stanley’s managing director and vice chair, said that the U.S. economy’s resilience makes it “hard not to be positive” about growth. 

  • The Canadian Press

    How major stock indexes fared Tuesday

    Stocks closed lower on Wall Street Tuesday after a virus outbreak in China rattled global markets.Banks, industrial and energy stocks accounted for a big share of the selling, outweghing gains in real estate stocks, utilities and household goods makers. Bond prices rose, sending yields lower.Investors

  • Trump Gets DOJ’s Nod to Keep Auto-Tariff Report Under Wraps
    Bloomberg

    Trump Gets DOJ’s Nod to Keep Auto-Tariff Report Under Wraps

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. Department of Justice said the White House can use executive privilege to decline to release a Commerce Department report advising President Donald Trump on proposed tariffs on imports

  • Netflix holds its own in the streaming wars - for now
    The Canadian Press

    Netflix holds its own in the streaming wars - for now

    SAN FRANCISCO — Netflix is holding its ground in the streaming wars, passing its first big test since Apple and Disney launched rival services.The company added 8.8 million worldwide subscribers during its fourth quarter, surpassing expectations at a time when it faces heated competition.Netflix had

  • The Canadian Press

    Business Highlights

    ___Boeing doesn't expect Max jet to be cleared until summerBoeing doesn't expect federal regulators to approve updates to its grounded 737 Max until this summer. People familiar with the matter say Boeing's timetable is based on how much work still needs to be done to get the approval. It

  • Bloomberg

    Iron Ore Output Far From Certain as Vale Homicide Charges Filed

    (Bloomberg) -- Vale SA was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon.Former Chief Executive Officer Fabio Schvartsman

  • Gisele and Moby Know Something These CEOs Don't
    Bloomberg

    Gisele and Moby Know Something These CEOs Don't

    (Bloomberg Opinion) -- Despite drinking-straw bans, photos of tangled turtles and campaigning by celebrity influencers such as Gisele Bundchen and Chris Hemsworth, plastics have been booming in recent years.Far from betting that heightened concerns about waste would eat into demand, the industry has

  • US stocks close lower amid jitters over virus outbreak
    The Canadian Press

    US stocks close lower amid jitters over virus outbreak

    Banks led a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets, prompting investors to shift assets into bonds and defensive sector companies.The sell-off snapped a three-day winning streak by the S&P 500. The benchmark index ended last week at an all-time high.The selling

  • Big Australia Investors to Take Riskier Bets in Hunt for Returns
    Bloomberg

    Big Australia Investors to Take Riskier Bets in Hunt for Returns

    (Bloomberg) -- Australia has some big decisions to make about its future. For insight into the stories that matter, sign up for our new weekly newsletter.Australia’s largest investors intend to take riskier bets in 2020 as they hunt for returns amid stretched stock valuations and lingering concern about

  • North American airline stocks swoon on fear about virus outbreak in China
    The Canadian Press

    North American airline stocks swoon on fear about virus outbreak in China

    TORONTO — Shares of five North American airlines that fly to China, including Air Canada, fell on Tuesday as fear grew about a virus that authorities say has killed six people and sickened 300 more.Investors seemed to worry that the virus could spread beyond Asia, like the SARS outbreak that started

  • TSX falls for first time in seven sessions on concerns about virus outbreak
    The Canadian Press

    TSX falls for first time in seven sessions on concerns about virus outbreak

    TORONTO — Canada's main stock index fell for the first time in seven sessions Tuesday on concerns about a virus outbreak in China.The market experienced a broad-based selloff on worries that the newly identified coronavirus would spread and be as devastating as SARS was in 2002 and 2003.Anxieties