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Canadian Press

Sat, Dec 7th, 2019
HBC minority shareholder files lawsuit to block privatization bid

The bid to take Canada's oldest retailer private faces another obstacle as a minority shareholder seeks to block the proposal, led by Hudson Bay Co.'s executive chairman Richard Baker, in court.

HBC.TO : 9.13 (-0.98%)
PG&E says it has reached $13.5 billion wildfire settlement

SAN FRANCISCO — Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence....

PG&E says it has reached $13.5 billion wildfire settlement

SAN FRANCISCO — Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence....

'Mexico, US, Canada trade talks continue in Washington

WASHINGTON — Mexico’s top trade negotiator wrapped up an 11-hour meeting with his U.S. counterpart Friday night, saying they had not finalized a new trade agreement for Mexico, United States and Canada....

Netflix executive touts 'golden era' of streaming service

ALBUQUERQUE, N.M. — An executive with Netflix says the streaming giant has boosted its original content exponentially over the last several years and that will mean more action for its production hub...

Report: Fire at Texas facility caused by equipment failure

HOUSTON — A fire at a Houston-area petrochemical storage facility that burned for days in March was accidental and caused by equipment failure at a storage tank, according to a report released Friday...

Jury: Elon Musk did not defame British caver in tweet

LOS ANGELES — Elon Musk did not defame a British cave explorer when he called him “pedo guy” in an angry tweet, a Los Angeles jury found Friday.

Business Highlights

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Hitting the plastic: US credit card use jumped in October

WASHINGTON — U.S. consumers ramped up their credit card spending in October.

FAA seeks to fine Boeing $3.9 million for faulty jet parts

Safety regulators want to fine Boeing nearly $4 million, saying that the company installed critical wing parts on 133 planes even though it knew the parts were faulty.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:

ECA.TO : 5.35 (+3.08%)
BBD-B.TO : 1.98 (+2.59%)
CNQ.TO : 38.91 (+5.42%)
CVE.TO : 12.33 (+7.69%)
CPG.TO : 4.80 (+4.12%)
ROOT.TO : 2.06 (-0.96%)
HBC.TO : 9.13 (-0.98%)
WEED.TO : 24.72 (+0.86%)
Ulta, ConocoPhillips post gains while Yext, PagerDuty slip

NEW YORK — Stocks that moved substantially or traded heavily on Friday:

Correction: NerdWallet-These Employers Pay story

In a story Nov. 14 about companies’ student loan repayment help, The Associated Press — in an article supplied by the personal finance website NerdWallet — reported erroneously what Raytheon employees...

Weekly Summary Corporate dividends, name changes, new listings

NEW YORK — Changes announced in corporate dividends Dec. 2-Dec. 6.

State AGs look to head off T-Mobile-Sprint deal in court

NEW YORK — A high-drama telecom deal is heading to court.

Observers say four main candidates in line to be Bank of Canada governor

Attention turned quickly Friday to who might succeed Stephen Poloz as governor of the Bank of Canada after he confirmed he will not seek a second appointment when his seven-year term expires next year....

Initial public offerings scheduled to debut next week

NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Hungary competition authority fines Facebook $4 million

BUDAPEST, Hungary — Facebook has been fined around $4 million for allegedly misleading its users in Hungary by claiming the use of its services was free, the Hungarian Competition Authority said Friday....

HBC minority shareholder files lawsuit to block privatization bid

A minority shareholder filed a lawsuit today to block a bid to take Hudson's Bay Co. private.

HBC.TO : 9.13 (-0.98%)
UAW abolishes regional office plagued by embezzlement

DETROIT — A United Auto Workers regional office racked by embezzlement allegations is being abolished and combined into two neighbouring regions.

Chart of the Day

Precision Biosciences Inc (DTIL)

The Barchart Chart of the Day belongs to the biomedical company Precision BioSciences (DTIL). I found the stock by sorting Barchart's New All-Time High list first by the most frequent number of new highs in the last month, then used the Flipchar...
Read More

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