WELLINGTON, New Zealand - Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site.Netherlands-based LeaseWeb announced it had deleted all Megaupload files from 630 servers.LeaseWeb said in a statement it hosted the data for...
NEW YORK, N.Y. - Financial markets in the U.S. shuddered after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.The sharp reaction in markets, especially in the 10-year Treasury note, showed just how much...
TOKYO - Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday.Sony Chief Executive Kazuo Hirai was speaking to a Tokyo hall...
VANCOUVER - Vancouver has become the next stop for real estate tycoon and reality television icon Donald Trump's international hotel chain.The 63-storey tower's twisting design by now-deceased architect Arthur Erickson was originally meant for the cancelled Ritz-Carlton Hotel in the city's downtown core.It will now be built by developer Holborn...
NEW YORK, N.Y. - The price of oil fell slightly Wednesday as the U.S. Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities.Oil swung in a range of about $1 after the Fed delivered a mixed message: the central bank...
LOS ANGELES, Calif. - Woody Harrelson is putting his paper where his passions are.The 51-year-old actor is the co-founder of Prairie Pulp & Paper Inc., which launched its brand of environmentally friendly paper Wednesday.The company spent 15 years researching and developing its Step Forward Paper. It's made of wheat-straw waste...
TORONTO - Hudson's Bay Co. says the only way its business will continue to thrive is for it to move away from being seen as just a department store."We believe we need to be in more than the business of selling commodity items," chief executive Richard Baker said at the...
NEW YORK, N.Y. - Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year.The Dow Jones industrial average dropped 206 points, or 1.4 per cent, to 15,112. It was the Dow's seventh straight...
WASHINGTON - Ben Bernanke declined Wednesday to address speculation that he will step down as chairman of the Federal Reserve in January when his term ends, saying he wanted to keep the attention on Fed policy.During a news conference after the Fed's meeting, Bernanke was asked to respond to comments...
WASHINGTON - Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year because the economy is strengthening.The Fed's purchases of Treasury and mortgage bonds have helped keep long-term interest rates at record lows....
WASHINGTON - The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March.The Fed now predicts unemployment will fall to 7.2 per cent or 7.3 per cent at the end of 2013 from 7.6 per cent now. It thinks the rate...
DETROIT - Porsche is the top performer in an annual survey of new vehicle quality.J.D. Power questioned more than 83,000 U.S. car owners about problems with their 2013 vehicles in the first 90 days of ownership.In the results released Wednesday, Porsche, GMC, Lexus, Infiniti and Chevrolet owners reported the fewest...
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With the country’s small mobile players in disarray and consumers frustrated with the big telecom companies, Loblaws sees an opportunity to establish itself as one of Canada's major providers of wireless services. The supermarket chain that’s also a bank and, since 2005, a provider of pre-paid...
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BURLINGTON, Ont. - Bank of Canada Governor Stephen Poloz says Canadian consumers did their part for the economy by borrowing the country through the worst recession since the Great Depression and now it is the turn of businesses to show some confidence and start spending.In his first major speech since...
LOS ANGELES, Calif. - Seems Warner Bros. has taken movie marketing to a whole new level — even higher than a bird or a plane.The studio enlisted Christian-focused firm Grace Hill Media to promote "Man of Steel" to faith-based groups by inviting them to early screenings and creating trailers that...
OTTAWA - The CRTC says profit margins improved at the country's commercial radio stations in 2012, as expenses shrunk and total revenue grew by 0.4 per cent from the previous year.The federal broadcast regulator said the 675 commercial radio stations operating in Canada earned revenue totalling $1.62 billion for the...
Calling all French-Canadians, the town of Burlington, Vt. is now speaking your language. Well, it's not so much speaking, as it is posting signs in French and English around the busy border town. The move is part of a "resolution of French friendliness" the town passed to...
