Apple News Plus subscription service has several Canadian media partners at launch

Apple News Plus subscription service has several Canadian media partners at launch
TORONTO — Apple Inc. announced a subscription news service Monday that counts The Toronto Star, La Presse, CTV and Global News as Canadian content suppliers. Apple Canada says Apple News Plus will cost $12.99 a month, after a free preview month. The company says the subscription service will have a more extensive collection of content than the free version of Apple News, which will... Read More

Canada Revenue Agency apologizes as online services go down

Canada Revenue Agency apologizes as online services go down
OTTAWA — The websites Canadians use to file their taxes online went down Monday and the Canada Revenue Agency isn’t saying when the services will be back online. A spokesman for the  agency said there is a “computer hardware issue” and apologized for the cut in services. He called the disruption “temporary” but couldn’t say how long it would take to repair. The... Read More

Long-awaited video service expected from Apple on Monday

Long-awaited video service expected from Apple on Monday
Apple is expected to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. It’s a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon. The new video service is expected to have original TV and movies that reportedly cost Apple more than $1... Read More

BRP’s double-digit gains in Q4 profit, revenue due to strong wholesale sales

BRP’s double-digit gains in Q4 profit, revenue due to strong wholesale sales
VALCOURT, Que. — BRP Inc. says its fourth-quarter revenue was up 22.8 per cent from a year earlier, beating analyst estimates and propelling the Quebec-based company’s three-month profit to $82.7 million. The maker of Ski-Doo snowmobiles, Can-Am wheeled vehicles, boats, outboard motors and other recreational products says its fourth-quarter profit amounted to 84 cents a share, up 23.5 per cent from a year earlier. Based... Read More

Comcast to sell streaming-TV bundle for internet customers

Comcast to sell streaming-TV bundle for internet customers
NEW YORK — Comcast is launching an aggregated bundle of existing streaming-TV apps for $5 a month. The new service, “Flex,” available March 26, brings together apps that customers already pay for, like Netflix, Amazon’s video or HBO, and free services like YouTube, Pluto and Tubi, and lets users search for TV shows and movies across the different services. All... Read More

Report calls for increase in electric buses as manufacturing footprint grows

Report calls for increase in electric buses as manufacturing footprint grows
TORONTO — A new report by a green energy think-tank calls for increased investment in electric buses to both reduce emissions and boost Canada’s growing manufacturing base of the vehicles. The report by Clean Energy Canada says that while Canada is a leading manufacturer of electric buses, transit authorities are behind international peers. China is by far the leader in... Read More

EU fines Google 1.49 billion euros in advertising case

EU fines Google 1.49 billion euros in advertising case
BRUSSELS — European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. The EU’s competition commissioner, Margrethe Vestager, announced the results of the long-running probe of Google’s AdSense advertising business case at a news conference in Brussels on Wednesday. It’s the third time the commission has slapped Google... Read More

Disney closes $71B deal for Fox entertainment assets

Disney closes $71B deal for Fox entertainment assets
Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Spider-Man” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. By buying the studios behind “The... Read More

Wells Fargo agrees to pay $800K in Schilling video game deal

Wells Fargo agrees to pay $800K in Schilling video game deal
PROVIDENCE, R.I. — Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company. Wells Fargo and the SEC announced the proposed settlement in filings Monday with the U.S. District Court in Providence.... Read More