Google to charge for apps on Android phones in Europe

Google to charge for apps on Android phones in Europe
LONDON — Google plans to start charging smartphone makers to pre-install apps like Gmail, YouTube and Google Maps on Android handsets sold in Europe, a response to a record $5 billion antitrust fine imposed by the European Union. The U.S. tech company’s announcement Tuesday is a change from its previous business model of letting manufacturers install Google’s suite of popular... Read More

TSX posts best day in six months despite pullback in cannabis shares

TSX posts best day in six months despite pullback in cannabis shares
TORONTO — Canada’s main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday’s legalization. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. The activity comes as U.S.... Read More

Report: Uber IPO could put company value at $120 billion

Report: Uber IPO could put company value at $120 billion
NEW YORK — Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley. There is no guarantee Uber will fetch that valuation, or go... Read More

Bombardier on track to hit business jet delivery targets, meeting expectations

Bombardier on track to hit business jet delivery targets, meeting expectations
MONTREAL — Bombardier Inc. says it has fulfilled more than 70 per cent of its expected business aircraft deliveries for the year, as a lengthening order backlog points to growing demand for long-range planes. In the quarter ended Sept. 30, the Montreal-based company delivered 31 business jets, bringing the total to 96 so far in 2018, in line with analyst... Read More

Automated cars could kill wide range of jobs, federal documents say

Automated cars could kill wide range of jobs, federal documents say
OTTAWA — More than one million jobs could be lost to the coming boom in automated vehicles with ripple effects beyond the likeliest victims, internal government documents warn. The documents from Employment and Social Development Canada give a glimpse into the ongoing concerns and policy options government officials have wrestled with to help workers whose jobs may be threatened, and young people who... Read More

More than 1 in 5 businesses hit by cyberattacks last year: StatCan survey

More than 1 in 5 businesses hit by cyberattacks last year: StatCan survey
More than one in five Canadian companies say they were impacted by a cyberattack last year, with businesses spending $14 billion on cybersecurity as they confront greater risks in the digital world, according to a new Statistics Canada survey. The most common suspected motive was an attempt to steal money or demand a ransom payment, according to the survey. Theft of personal... Read More

Canopy Growth buying U.S. hemp research firm Ebbu in deal worth more than $425M

Canopy Growth buying U.S. hemp research firm Ebbu in deal worth more than $425M
SMITH FALLS, Ont. — Canopy Growth Corp. has signed a deal to buy Ebbu Inc., a Colorado-based hemp researcher, in a stock-and-cash deal worth more than $425 million. Under the agreement, Canopy will pay $25 million in cash and issue 6,221,210 shares to Ebbu. The company will also pay up to an additional $100 million if certain scientific-related milestones are achieved... Read More

Tech stock rally helps snap losing streak as rough week ends

Tech stock rally helps snap losing streak as rough week ends
NEW YORK — Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 per cent, their worst weekly loss in six months. An index measuring the... Read More

Facebook says hackers accessed 29M people’s accounts

Facebook says hackers accessed 29M people’s accounts
NEW YORK — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email addresses or phone numbers from those 29... Read More