NASA boss in Ottawa, fuels speculation about new Canadian space-station role

NASA boss in Ottawa, fuels speculation about new Canadian space-station role
OTTAWA — The head of the U.S. space agency says Canada’s knack for artificial intelligence will be useful for exploring the moon, if we want in. Jim Bridenstine, the administrator of the National Aeronautics and Space Administration, says Canada has developed crucial artificial intelligence-based robotics technology that could help operate the next-generation outpost the United States is planning to send into lunar orbit. He started a two-day... Read More

Flight simulator company CAE Inc. reports higher Q2 profit and revenue

Flight simulator company CAE Inc. reports higher Q2 profit and revenue
MONTREAL — Flight simulator company CAE Inc. says its second-quarter profit and revenue increased compared with a year ago. The Montreal-based firm says its net income attributable to shareholders was $60.7 million for the quarter ended Sept. 30, up one per cent from $60.3 million from the same period a year ago. The profit amounted to 23 cents per share compared... Read More

Brookfield and the Caisse buy automotive battery business from Johnson Controls

Brookfield and the Caisse buy automotive battery business from Johnson Controls
MONTREAL — Brookfield Business Partners LP and the Caisse de depot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion. The business produces batteries for automakers and aftermarket distributors and retailers. The companies say it is well positioned to benefit from the growth in demand for... Read More

DHX Media Ltd. reports first-quarter loss, revenue up from year ago

DHX Media Ltd. reports first-quarter loss, revenue up from year ago
HALIFAX — DHX Media Ltd. reported a loss in its latest quarter compared with a profit a year ago as its revenue rose 5.5 per cent. The children’s entertainment company says it lost $2.4 million compared with a profit of $8.1 million a year ago, due to a larger non-controlling interest in Peanuts and a non-cash write-down in deferred financing charges. The loss... Read More

From Audible to Whole Foods: A look at Amazon’s empire

From Audible to Whole Foods: A look at Amazon’s empire
NEW YORK — Amazon is hard to escape. Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. And now, Amazon’s sprawling empire will stretch even further. The company is expected to announce Tuesday that it will open two more bases... Read More

Athenahealth fetches $5.7 billion cash buyout offer

Athenahealth fetches $5.7 billion cash buyout offer
Athenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 per share in a deal that will take the company private. That represents a roughly 12 per cent premium over the closing price of athenahealth shares on Friday. But the... Read More

Amazon HQ favourites: Similar basics, different vibes

Amazon HQ favourites: Similar basics, different vibes
NEW YORK — The communities said to be favoured to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major metropolitan areas with ample transportation and space for workers. But there are plenty of differences between New York’s Long Island City and Crystal City in northern Virginia. Set within eyeshot of... Read More

Sidewalk Labs to weigh suggestions from panel for Toronto smart city project

Sidewalk Labs to weigh suggestions from panel for Toronto smart city project
TORONTO — Sidewalk Labs is keen on reviewing and potentially implementing recommendations made by a panel of millennials for the Alphabet Inc.-backed company’s proposed high-tech community in Toronto. The recommendations for the smart city being developed in conjunction with Waterfront Toronto touch on the project’s housing strategy, transit policies, design techniques and even its data and privacy measures, which have been marred in controversy for months because... Read More

Air Transat president resigns after five years at the helm of the airline

Air Transat president resigns after five years at the helm of the airline
MONTREAL — The president of Air Transat is leaving the airline after five years at the helm. Tour company Transat A.T. Inc. announced Friday that Jean-Francois Lemay will leave the subsidiary in a few months. Lemay, who has been with the company for seven years, is leaving to “take on new challenges,” chief operating officer Annick Guerard says in a release. A... Read More