• Bloomberg13 minutes ago

    Rio Tinto Must Face SEC Suit Over Coal Assets

    U.S. authorities in October 2017 filed fraud charges against London-based Rio Tinto, former chief executive officer Tom Albanese and former chief financial officer Guy Elliott, claiming they inflated the value of assets acquired in 2011 for $3.7 billion. U.S. District Judge Analisa Torres on Monday

  • U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG
    Reuters3 minutes ago

    U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG

    The South Korean automakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks in a series of recalls. In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine if vehicle recalls linked to

  • Goldman Sachs sets targets for Hispanic and black entry-level hires
    Reuters16 minutes ago

    Goldman Sachs sets targets for Hispanic and black entry-level hires

    The Wall Street bank, which last year said it wanted women to make up half of its entry-level workforce, now is aiming to ensure that 14 percent of new analysts and associates in the Americas are Hispanic or Latino and 11 percent of them black, according to the memo, which was seen by Reuters. In Britain

  • Budget 2019: Five things to watch for in the Liberals' final fiscal blueprint
    The Canadian Press37 minutes ago

    Budget 2019: Five things to watch for in the Liberals' final fiscal blueprint

    OTTAWA — Finance Minister Bill Morneau will release the Trudeau government's final budget of its mandate Tuesday, just seven months before the next federal election.Here are some things to watch for:A boost to skills trainingThe government says it wants to help workers adapt to the rapidly changing

  • Reliance on equalization not a factor in Quebec's low productivity rate: author
    The Canadian Press37 minutes ago

    Reliance on equalization not a factor in Quebec's low productivity rate: author

    MONTREAL — Despite low unemployment and a strong economy, Quebec continues to have problems generating wealth and its citizens have less money to save and spend compared with Canadians in every other province, says a new report by Universite de Montreal's business school.One of the main reasons for

  • Former VP of United Auto Workers charged in corruption probe
    The Canadian Press48 minutes ago

    Former VP of United Auto Workers charged in corruption probe

    A former vice-president at the United Auto Workers was charged Monday in a scheme with Fiat Chrysler executives to buy meals, golf and other perks with the automaker's money — the highest-ranking official snagged in an investigation that has exposed corruption between labour and management. The

  • Poll: Losing Amazon second HQ deal was bad for New York
    The Canadian Press49 minutes ago

    Poll: Losing Amazon second HQ deal was bad for New York

    Most voters in New York think it was bad for the state when Amazon dropped plans to put a second headquarters in Queens and many think U.S. Rep. Alexandria Ocasio-Cortez bears blame for the deal falling through, according to a new poll released Monday. The Siena College poll of registered voters in

  • Ethiopia and Indonesia crash parallels heap pressure on Boeing
    Reuters49 minutes ago

    Ethiopia and Indonesia crash parallels heap pressure on Boeing

    The Ethiopian Airlines disaster eight days ago killed 157 people, led to the grounding of Boeing's marquee MAX fleet globally and sparked a high-stakes inquiry for the aviation industry. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar"

  • Lyft opens its IPO road show, to offer more than 30M shares
    The Canadian Press50 minutes ago

    Lyft opens its IPO road show, to offer more than 30M shares

    Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. It's the first time that Lyft has revealed how much money it hopes to raise in the IPO, and

  • The Latest: Ex-Peru president brushes off detention queries
    The Canadian Press50 minutes ago

    The Latest: Ex-Peru president brushes off detention queries

    Former Peruvian president Alejandro Toledo brushed off questions about his arrest on suspicion of public drunkenness during a radio interview. San Mateo County Sheriff's Office spokeswoman Rosemerry Blankswade says Toledo was arrested at a San Francisco Bay Area restaurant Sunday and spent the night

  • The Canadian Press51 minutes ago

    Forest service plans large sale of Alaskan old growth timber

    The U.S. Forest Service is planning the largest sale of Alaska old growth timber in years. The Prince of Wales Island Landscape Level Analysis project will harvest as much as 225 million board feet (about 53,094 cubic meters) of old growth lumber from Prince of Wales Island in Tongass National Forest

  • Foxconn says Wisconsin factory production to launch by 2020
    Reuters52 minutes ago

    Foxconn says Wisconsin factory production to launch by 2020

    Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year. Foxconn said the next phases of factory construction will begin by this summer "and the facility will begin

  • Alan Krueger, noted economist who served Obama, has died
    The Canadian Press52 minutes ago

    Alan Krueger, noted economist who served Obama, has died

    Alan Krueger, a groundbreaking Princeton University economist who served as a top adviser in two Democratic administrations and was an authority on the labour market, has died, according to a statement from the university Monday. The economist took his own life during the weekend, according to a separate

  • Speaker Wrecks Theresa May’s Brexit Plan by Banning Another Vote on Deal
    Bloomberg1 hour ago

    Speaker Wrecks Theresa May’s Brexit Plan by Banning Another Vote on Deal

    Government officials conceded that another vote on the agreement is now unlikely before Thursday’s European Union summit and the U.K. will have to seek an extension to its EU membership, potentially giving time to May’s opponents to force a rethink of the divorce. Bercow set a new test for the prime

  • Reuters1 hour ago

    CPPIB, Williams to form $3.8 billion Marcellus-Utica shale gas venture

    Canada Pension Plan Investment Board is expanding its presence in the North American natural gas market through a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, which will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas-producing region in the United

  • FedEx reports, FOMC meeting kicks off — What to know in markets Tuesday
    Yahoo Finance1 hour ago

    FedEx reports, FOMC meeting kicks off — What to know in markets Tuesday

    FedEx reports earnings, and the Federal Open Market Committee kicks off its meeting. Here's what you need to know on Tuesday.

  • Princeton's Krueger, Ex-Economic Aide to Obama, Dies at 58
    Bloomberg1 hour ago

    Princeton's Krueger, Ex-Economic Aide to Obama, Dies at 58

    The New Jersey school announced his death on its website Monday. Police found Krueger inside his home on Saturday morning and he was later pronounced dead, said Sergeant Fred Williams, a spokesman for the Princeton Police Department.

  • The Canadian Press1 hour ago

    Business Highlights

    ___AP Source: Justice Dept. probing development of Boeing jetsWASHINGTON (AP) — U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities"

  • Canada's Alberta kicks off final legislature session before election
    Reuters1 hour ago

    Canada's Alberta kicks off final legislature session before election

    Premier Rachel Notley has not yet set a date for the election, but Alberta law states it must be held between March 1 and May 31. Voters will be asked to cast their ballots at a time of controversial government intervention in Alberta's oil market that has drawn support from some major producers

  • Liberal budget to applaud Canada's economy, but who deserves credit?
    The Canadian Press1 hour ago

    Liberal budget to applaud Canada's economy, but who deserves credit?

    OTTAWA — When the Liberals release the last budget of their mandate Tuesday, Canadians can expect to hear arguments that years of deficit spending have put the economy on stronger footing.Finance Minister Bill Morneau has promised the budget will contain help for workers in need of skills training, young

  • Houston Chemical Fires to Rage for Days Until Fuel Burns Out
    Bloomberg1 hour ago

    Houston Chemical Fires to Rage for Days Until Fuel Burns Out

    Firefighters are in “defensive mode” as they seek to contain a blaze that spread to seven tanks storing liquids used to make gasoline in Deer Park, near the city’s shipping channel, said Ray Russell, a spokesman for Channel Industries Mutual Aid, a petrochemical emergency response organization. The

  • The Canadian Press2 hours ago

    Most actively traded companies on the TSX

    Some of the most active companies traded Monday on the Toronto Stock Exchange:

  • Looming Election Sharpens Focus on Trudeau’s Spending in Budget
    Bloomberg2 hours ago

    Looming Election Sharpens Focus on Trudeau’s Spending in Budget

    Finance Minister Bill Morneau will unveil his fourth fiscal plan Tuesday amid an economic slowdown and a dip in the polls for Trudeau’s team amid allegations of judicial interference. The Liberal government has seen higher-than-expected revenues and has hinted there will be new measures on skills training

  • Energy companies lead modest gains for US stock indexes
    The Canadian Press2 hours ago

    Energy companies lead modest gains for US stock indexes

    U.S. stock indexes finished modestly higher Monday, extending the market's solid gains from a rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest

  • Libya Oil Boss Sees Output Gain With Hope of BP Pumping Soon
    Bloomberg2 hours ago

    Libya Oil Boss Sees Output Gain With Hope of BP Pumping Soon

    The Sharara field in southern Libya is currently pumping 260,000 barrels a day, and the state-run National Oil Corp. is working to raise production, NOC Chairman Mustafa Sanalla told Bloomberg Television in an interview. Libya, with Africa’s largest reserves, has endured major disruptions to its production