Handful of US states are poised to legalize sports betting

Handful of US states are poised to legalize sports betting
HELENA, Mont. — The number of states allowing sports betting is poised to expand. Governors in Montana and Iowa are considering measures that would allow residents to wager on sports, while Indiana lawmakers are scheduled to approve their own version as early as Wednesday. Barring a veto, they would be the first states to approve sports betting this year, joining... Read More

Ex-GE engineer charged with stealing trade secrets for China

Ex-GE engineer charged with stealing trade secrets for China
ALBANY, N.Y. — A former General Electric engineer and his business partner in China were indicted Tuesday on charges they stole the company’s trade secrets from a New York plant for the Chinese government in what federal prosecutors called “a textbook example” of industrial espionage. The Department of Justice announced that Xiaoqing Zheng, 56, of Niskayuna, New York, and Zhaoxi... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,669.40, up 92.12 points). Encana Corp. (TSX:ECA). Energy. Up 26 cents, or 2.61 per cent, to $10.24 on 10.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 4.03 per cent, to $2.84 on 9 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Unchanged at $5.89... Read More

TSX, S&P 500 and Nasdaq set record highs on strong results and better oil prices

TSX, S&P 500 and Nasdaq set record highs on strong results and better oil prices
TORONTO — Three of North America’s stock markets closed at all-time highs as they got lifts from strong U.S. corporate results and higher crude oil prices. The S&P/TSX composite index closed up 92.12 points at 16,669.40. In New York, the Dow Jones industrial average was up 145.34 points at 26,656.39. The S&P 500 index was up 25.71 points at 2,933.68, while the... Read More

Bank of Canada’s Poloz expected to signal longer hiatus on interest rates

Bank of Canada’s Poloz expected to signal longer hiatus on interest rates
OTTAWA — Bank of Canada governor Stephen Poloz will give his updated outlook for the economy Wednesday in an appearance that many expect will send stronger signals the interest rate will be on hold for months. Poloz will release new projections in a quarterly report that follows the economy’s sudden downshift in the final months of 2018. He’s predicted the slowdown, which was mostly caused by a... Read More

Energy sector helps lift TSX higher as price of crude oil climbs

Energy sector helps lift TSX higher as price of crude oil climbs
TORONTO — Gains in the energy sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 47.39 points at 16,624.67. In New York, the Dow Jones industrial average was up 107.23 points at 26,618.28. The S&P 500 index was up 17.15 points at 2,925.12, while the Nasdaq... Read More

Laurent Beaudoin to step aside as BRP chairman after 55 years with the business

Laurent Beaudoin to step aside as BRP chairman after 55 years with the business
VALCOURT, Que. — The chairman of recreational products maker BRP Inc. is stepping down, ceding the head spot to longtime president and chief executive Jose Boisjoli. Laurent Beaudoin’s retirement follows his departure last year from Bombardier Inc., which BRP was spun off from in 2003. Over 55 years, Beaudoin steered Bombardier from a snowmobile maker to a global transportation giant. While Bombardier’s... Read More

US expands probe into air bag failures to 12.3M vehicles

US expands probe into air bag failures to 12.3M vehicles
DETROIT — U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths. Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi and Fiat Chrysler from the 2010 through 2019 model years are included... Read More

Teck Resources reports Q1 profit down, but still beats expectations

Teck Resources reports Q1 profit down, but still beats expectations
VANCOUVER — Teck Resources Ltd. topped expectations in its first-quarter even as its profit fell compared with a year ago due to lower commodity prices and higher operating costs. The miner says it earned a profit attributable to shareholders of $630 million or $1.10 per diluted share for the quarter ended March 31. That compared with a profit of $759... Read More