Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash. Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale. Air Canada says it...
Mark Zuckerberg loses $3 billion as world's richest get pummelled by market swoon. It’s been an expensive week for the world’s richest people. Mark Zuckerberg is nursing the biggest fall after losing $3.2 billion as large cap stocks disappointed for a fourth straight day. Losses for the Facebook Inc. chief...
John Cronin is crazy about socks. Actually, he is crazy about crazy socks. Hence the name for his online sock company, John's Crazy Socks, that sells crazy, unusual, distinctively fun socks. John and his father/co-founder, Mark, were in town for New Avenues to Independence's gala Applause at the Zoo...
Sweatcoin, a free smartphone app that pays people to be physically active, said on Wednesday it has secured its first round of institutional funding after topping download charts in Britain and the United States. Sweatcoin lets users earn “sweatcoins” for working out, and the app is taking off fast. The...
A giant tuna fetches $632,000 in New Year auction at Tokyo's Tsukiji market. A Japanese sushi chain boss bid a winning 74.2 million yen ($632,000) Thursday for a 466 pound bluefin tuna in what may be Tsukiji market’s last auction at its current site in downtown Tokyo. The winning bid Thursday...
Canada’s 100 highest-paid chief executive officers earned 209-times more than the average worker in 2016, according to a new report by the Canadian Centre for Policy Alternatives. The study shows CEOs make an average of $10.4 million a year. This is 209 times the average income of $49,738. On an hourly...
Apple Stock Price Falls As Analysts Warn iPhone X Sales Are Dropping. Analysts lowered iPhone X shipment projections for the first quarter of next year, citing signs of lacklustre demand at the end of the holiday shopping season, and the company’s shares fell Tuesday along with those of some suppliers. Sinolink...
PARIS (Reuters) - Boeing Co (BA.N) is eyeing a broad partnership with Embraer (EMBR3.SA) reaching beyond commercial aircraft to defense and global services, but its shape hinges on talks with the Brazilian government.     The U.S. aerospace group has yet to make a formal offer and its final...
(Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state’s attorney general has announced. The settlement announced on Friday by California Attorney General Xavier Becerra was the...
(Reuters) - A U.S. judge on Friday overturned a $150 million verdict against AbbVie Inc that was the first to result from lawsuits claiming that the company fraudulently misrepresented the risks of its testosterone replacement drug AndroGel. U.S. District Judge Matthew Kennelly in Chicago ruled that...