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Exfo board won't pursue rival bid after founder insists on his take-private offer
QUEBEC — The board of director of Exfo Inc. has decided not to pursue an unsolicited takeover proposal from competitor Viavi Solutions Inc. after its controlling shareholder rejected anything but his deal to take the company private.
Jul 22, 2021 10:01 AM
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Existing US home sales up in June; prices reach new heights
Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Existing homes sales rose 1.
Jul 22, 2021 9:12 AM
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Amazon cancels Prime Day in Canada in 2021 due to COVID-19 after postponing in 2020
TORONTO — Amazon has cancelled its Prime Day marketing event in Canada this year due to the impact of COVID-19 on its operations.
Jul 22, 2021 8:53 AM
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Unifor issues 72-hour strike notice at Rio Tinto facilities in Kitimat, Kemano, B.C.
KITIMAT, B.C. — The union representing Rio Tinto employees in British Columbia has issued a 72-hour strike notice after nearly seven weeks of negotiations.
Jul 22, 2021 8:36 AM
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Small business group launches petition to maintain government financial supports
TORONTO — A group representing Canada's small business sector has launched a petition pressing the federal government to halt the phasing out of financial support programs.
Jul 22, 2021 7:45 AM
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Spain: Judge jails suspect wanted by US in 2020 Twitter hack
MADRID (AP) — A British man wanted in the United States in connection with a Twitter hack that compromised dozens of influential accounts has been jailed in Spain while he awaits possible extradition.
Jul 22, 2021 7:29 AM
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US jobless claims rise to 419,000 from a pandemic low
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
Jul 22, 2021 7:23 AM
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ECB says low rates to stay until the job is done
FRANKFURT — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target.
Jul 22, 2021 6:58 AM
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US, Germany seal deal on contentious Russian gas pipeline
WASHINGTON — The United States and Germany have announced a deal to allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions.
Jul 22, 2021 5:04 AM
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Radio host Larry Elder wins fight to enter California recall
LOS ANGELES (AP) — A California judge on Wednesday cleared the way for conservative talk radio host Larry Elder to join the field of candidates for an upcoming recall election aimed at removing Democratic Gov. Gavin Newsom from office.
Jul 21, 2021 11:57 PM
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