Toronto stocks close up slightly, loonie up; U.S. stock markets mixed

Toronto stocks close up slightly, loonie up; U.S. stock markets mixed
TORONTO — Canada’s main stock index closed modestly higher along with the loonie, while U.S. markets were mixed as Boeing Co.’s stock weighed on the Dow. The S&P/TSX composite index closed up 30.42 points at 16,136.66. In New York, the Dow Jones industrial average closed down 96.22 points at 25,554.66. The S&P 500 index was up 8.22 points at 2,791.52, while the... Read More

Britain’s parliament strongly rejects prime minister’s Brexit deal

Britain’s parliament strongly rejects prime minister’s Brexit deal
LONDON — Britain’s Parliament has dealt a major blow to Prime Minister Theresa May, resoundingly rejecting her Brexit deal just 17 days before the U.K. is due to leave the bloc. Lawmakers voted by 391 to 242 against the deal, the second time they have defeated it. The House of Commons threw out the agreement by an overwhelming majority in... Read More

TV stars and coaches charged in college bribery scheme

TV stars and coaches charged in college bribery scheme
BOSTON — Hollywood actresses Felicity Huffman and Lori Loughlin were charged along with nearly 50 other people Tuesday in a scheme in which wealthy parents bribed college coaches and insiders at testing centres to get their children into some of the most elite schools in the country, federal prosecutors said. Authorities called it the biggest college admissions scam ever prosecuted... Read More

BlackBerry creates separate subsidiary to ‘deepen reach’ within U.S. government

BlackBerry creates separate subsidiary to ‘deepen reach’ within U.S. government
WASHINGTON — BlackBerry Ltd. is setting up a completely separate subsidiary in Washington, D.C., to strengthen the company’s ties with critical U.S. federal agencies that require highly secure cloud-based services. The new subsidiary will be focused on ensuring that more BlackBerry products and services meet the strict U.S. requirements for assessing, authorizing and monitoring products and services that use cloud computing. BlackBerry’s AdHoc service for crisis communications... Read More

‘All options on the table’, but no plans to ground 737 Max 8 in Canada: Garneau

‘All options on the table’, but no plans to ground 737 Max 8 in Canada: Garneau
MONTREAL — Transport Minister Marc Garneau says “all options are on the table” with regard to the country’s fleet of Boeing 737 Max 8 aircraft, but that the government currently has no plans to order the grounding of the plane. “We will continue to evaluate the situation,” Garneau told reporters Tuesday in French. “All options are on the table. That could include grounding... Read More

Toronto stocks little changed, loonie up; U.S. stock markets mixed

Toronto stocks little changed, loonie up; U.S. stock markets mixed
TORONTO — Canada’s main stock index was little changed in late-morning trading as losses in the financial and industrial sectors were offset by gains in materials and energy stocks. The S&P/TSX composite index was down 3.55 points at 16,102.69. In New York, the Dow Jones industrial average was down 92.96 points at 25,557.92. The S&P 500 index was up 8.13... Read More

More Boeings grounded amid global probe into Ethiopia crash

More Boeings grounded amid global probe into Ethiopia crash
HEJERE, Ethiopia — Britain on Tuesday joined a rapidly growing number of countries grounding a new Boeing plane involved in the Ethiopian Airlines disaster as a global team of investigators began looking for parallels with a similar crash just five months ago. Pressure grew on the United States to take action over the Boeing 737 Max 8 as Asian, Middle... Read More

Mastercard to acquire Toronto-based fintech company Ethoca

Mastercard to acquire Toronto-based fintech company Ethoca
TORONTO — Mastercard says it will acquire Toronto-based fintech Ethoca, which helps merchants and card issuers collaborate to identify and resolve fraud in digital commerce. The global payment processing company did not disclose the terms of the deal, which it expects to close during the second quarter of this year. Through Ethoca’s technology, when a fraudulent transaction is identified, information is... Read More

Goldcorp says its Cerro Negro mine has been hit by an illegal work stoppage

Goldcorp says its Cerro Negro mine has been hit by an illegal work stoppage
VANCOUVER — Goldcorp Inc. says there has been what it called an illegal work stoppage by the AOMA mining union at its Cerro Negro mine in Argentina. The gold miner says it is working with the union and government authorities to find a resolution and restart operations. Mining ceased when the work stoppage began on March 8. Goldcorp says processing activities... Read More