TORONTO (Reuters) – General Motors Co (GM.N) is planning to close all operations at a plant near Toronto and an announcement is expected on Monday, a local TV news channel reported on Sunday Citing multiple sources, CTV News reported that the plant closure in Oshawa in the province of Ontario was expected to affect “thousands” […]
Good Sunday morning, and welcome to a special edition of the DealBook Briefing. Today, we’re taking a look at how China wrote its own playbook to beat the West at its own game of economic growth. The land that failed to fail The Chinese economy has grown so fast for so long it is easy […]
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said. Egypt has emerged as an attractive destination for foreign energy firms following a string of major discoveries […]
Send your workplace conundrums to [email protected], including your name and contact information (even if you want it withheld). The Workologist is a guy with well-intentioned opinions, not a professional career adviser. Letters may be edited. I work in an open-floor-plan office. There are fewer than 20 of us. One colleague, who is expecting a baby, […]
NEW YORK (Reuters) – Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. Both Brent and U.S. crude fell to their lowest levels since October 2017 and were on course for their biggest one-month decline since late 2014. Although the Organization of […]
(Reuters) – U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. The three major U.S. indexes all fell well over 3 percent for the week, with the Dow industrials and […]
Members of Edmonton City Council had to rush to city hall Friday morning for an unscheduled meeting to solidify funding priorities and what it wants from the Alberta government. The meeting was held in private, but opening comments from Mayor Don Iveson provided a hint at what the focus was. “… For an unexpected but […]
IPL Plastics chief executive Alan Walsh has said he “wouldn’t recommend” the process of listing a company in Canada, and doesn’t believe he would do it again. The IPL boss told an event in Dublin that the process was “quite involved” and had added a lot of cost to the business. The company’s shares previously […]
There is probably never a good time for an auto empire to have its leader thrown in jail. But for Nissan and Renault, the arrest of Carlos Ghosn comes at an especially inopportune moment. The two carmakers can ill afford turmoil in the alliance headed by Mr. Ghosn when the global auto market is entering […]
SHANGHAI (Reuters) – Dolce & Gabbana’s co-founders asked for China’s “forgiveness” on Friday, trying to salvage a crucial market for the luxury brand after a backlash against its latest advertising campaign. The Italian fashion house canceled a marquee show in Shanghai on Wednesday after celebrities and social media users threatened a boycott over the campaign, […]