TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs. The news and information provider, which completed the sale of a 55-percent stake in its Financial […]
NEW YORK (Reuters) – A federal appeals court on Tuesday upheld the insider trading conviction and five-year prison sentence of famed Las Vegas sports gambler William “Billy” Walters, even as it chastised an FBI agent for leaking grand jury information about the case. Walters, 72, had been accused of using nonpublic information from former Dean […]
(Reuters) – U.S. luxury home builder Toll Brothers Inc (TOL.N) on Tuesday reported its first fall in quarterly orders in more than four years as rising mortgage rates and higher home prices hit demand, sending its shares down as much as 10 percent. Toll’s results are the latest evidence of slowing housing demand after years […]
LONDON (Reuters) – Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil LCOc1 rose $1.55 or 2.5 percent to a high of $63.24 by 0955 GMT. U.S. light crude CLc1 was $1.25 higher at […]
It’s that time of year again. Get ready to dust off your glad rags, and get set to sparkle – because it’s party season. If you’re worried about spending all your money on entertaining then this amazing Iceland deal will let you save your hard earned cash for gifts – either for yourself or others! […]
SHANGHAI (Reuters) – Asian shares fell in early trade on Tuesday as a relief rally sparked by a truce in the U.S.-China trade war gave way to doubts on whether the two countries are able to resolve their differences before a 90-day deadline. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged down 0.2 […]
A six-storey commercial building with shops, restaurants and a cineplex may sit on the site where the iconic Queenstown cinema and bowling centre used to be, at 250 Commonwealth Avenue. The prime commercial development site was launched for sale by tender yesterday. Located at the corner of Commonwealth Avenue and Margaret Drive, the vacant plot […]
(Reuters) – Wall Street’s major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year. The benchmark S&P 500 .SPX climbed more than 1 percent, building off of its biggest weekly percentage gain in […]
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. Asked about plans after General Motors Co (GM.N) announced U.S. plant closings and layoffs last week, Kudlow pointed to the $2,500-to-$7,500 tax credit for consumers who […]
The Irish border backstop provision in the Brexit deal could continue indefinitely “unless and until it is superseded” by a new agreement, according to UK government legal advice. The position statement released on Monday also said the UK faces paying extra money to the European Union if the implementation period after the March departure date […]