CBC | Business News

    Sears Holdings sues Eddie Lampert saying he stripped its assets

    Sears Holdings sues Eddie Lampert saying he stripped its assets


    Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion US in...

    Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion US in assets.

    National Enquirer sold to newsstand chain Hudson News for $100M: Report

    National Enquirer sold to newsstand chain Hudson News for $100M: Report


    American Media Inc. is selling its tabloid the National Enquirer for $100 million US to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the...

    American Media Inc. is selling its tabloid the National Enquirer for $100 million US to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the agreement.

    TSX sets new intraday high as bull market continues

    TSX sets new intraday high as bull market continues


    The Toronto stock index set a new intraday high and was trading near the top of its range Thursday, amid gains in health care, consumer and industrial...

    The Toronto stock index set a new intraday high and was trading near the top of its range Thursday, amid gains in health care, consumer and industrial stocks.

    QuadrigaCX's creditor protection extended until June

    QuadrigaCX's creditor protection extended until June


    Approximately 115,000 former Quadriga clients are owed about $250 million after the company abruptly ceased operations Jan. 28. following the sudden death of founder Gerry...

    Approximately 115,000 former Quadriga clients are owed about $250 million after the company abruptly ceased operations Jan. 28. following the sudden death of founder Gerry Cotton.

    Financial sector needs to step up on climate change, Mark Carney warns

    Financial sector needs to step up on climate change, Mark Carney warns


    Mark Carney, governor of the Bank of England, is urging the financial sector and, in particular, central banks to play an increasing role in the transition to a low-carbon economy. He joins a group of central bankers, including the Bank of Canada, who...

    Mark Carney, governor of the Bank of England, is urging the financial sector and, in particular, central banks to play an increasing role in the transition to a low-carbon economy. He joins a group of central bankers, including the Bank of Canada, who are playing closer attention to climate change.

    End of the line for BBM as Emtek pulls plug on consumer messaging app

    End of the line for BBM as Emtek pulls plug on consumer messaging app


    Brace yourself, BBMers: the company that runs the iconic messaging app invented by BlackBerry more than a decade ago is ending the free version of the service for...

    Brace yourself, BBMers: the company that runs the iconic messaging app invented by BlackBerry more than a decade ago is ending the free version of the service for consumers.

    From Ralph Lauren, a Polo shirt made entirely of recycled plastic

    From Ralph Lauren, a Polo shirt made entirely of recycled plastic


    Polo Ralph Lauren on Thursday launched a version of its iconic polo shirt made entirely of recycled plastic bottles and dyed through a process that uses zero...

    Polo Ralph Lauren on Thursday launched a version of its iconic polo shirt made entirely of recycled plastic bottles and dyed through a process that uses zero water.

    Canada exempts $110M more of U.S. imports from retaliatory tariffs

    Canada exempts $110M more of U.S. imports from retaliatory tariffs


    Earlier this week, the Finance Department quietly added $110 million worth of products and businesses to its list of exemptions from Canada's retaliatory tariffs on U.S. imports. While this relief protects jobs, it undermines pressure the Trudeau...

    Earlier this week, the Finance Department quietly added $110 million worth of products and businesses to its list of exemptions from Canada's retaliatory tariffs on U.S. imports. While this relief protects jobs, it undermines pressure the Trudeau government wants to keep on the Trump administration.

    Wisconsin seeks to claw back Foxconn tax breaks after company reneges on job promises

    Wisconsin seeks to claw back Foxconn tax breaks after company reneges on job promises


    Wisconsin's governor said on Wednesday he wants to renegotiate the state's contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the...

    Wisconsin's governor said on Wednesday he wants to renegotiate the state's contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state.

    Ottawa plans to make Trans Mountain decision by June 18

    Ottawa plans to make Trans Mountain decision by June 18


    The federal government will make a final decision on the Trans Mountain pipeline expansion project by June 18 — missing the original 90-day deadline set by the National Energy...

    The federal government will make a final decision on the Trans Mountain pipeline expansion project by June 18 — missing the original 90-day deadline set by the National Energy Board.

    Now the campaign is over, Albertans will see if Jason Kenney can put the province back to work

    Now the campaign is over, Albertans will see if Jason Kenney can put the province back to work


    For weeks, Jason Kenney framed Alberta's election around three key issues: jobs, pipelines and the economy. With his United Conservative Party soon to take charge, people are looking to him to fulfil his pledge and deliver on all...

    For weeks, Jason Kenney framed Alberta's election around three key issues: jobs, pipelines and the economy. With his United Conservative Party soon to take charge, people are looking to him to fulfil his pledge and deliver on all three.

    Quebecor head Pierre Karl Péladeau says future of TVA Sports in jeopardy if Bell gets its way

    Quebecor head Pierre Karl Péladeau says future of TVA Sports in jeopardy if Bell gets its way


    Bell is asking Canada's telecommunications regulator to revoke TVA Sports' broadcasting licence to punish its owner after Quebecor cut off the channel's signal for Bell subscribers at the start of the NHL playoffs last...

    Bell is asking Canada's telecommunications regulator to revoke TVA Sports' broadcasting licence to punish its owner after Quebecor cut off the channel's signal for Bell subscribers at the start of the NHL playoffs last week.

    Canada's trade deficit narrows to $2.9 billion

    Canada's trade deficit narrows to $2.9 billion


    Canada's February trade deficit was $2.9 billion, narrowing the gap from a revised shortfall of $3.1 billion in...

    Canada's February trade deficit was $2.9 billion, narrowing the gap from a revised shortfall of $3.1 billion in January.

    Higher food prices help push Canada's inflation rate up to 1.9% in March

    Higher food prices help push Canada's inflation rate up to 1.9% in March


    The cost of living went up at a 1.9 per cent annual pace in March, Statistics Canada says, as increases in the price of food, rent and mortgages were slightly offset by cheaper...

    The cost of living went up at a 1.9 per cent annual pace in March, Statistics Canada says, as increases in the price of food, rent and mortgages were slightly offset by cheaper gasoline.

    Oilpatch hopes investment flows back to Alberta after big Kenney win

    Oilpatch hopes investment flows back to Alberta after big Kenney win


    It's exactly what many oil and gas companies wanted to see, despite how much credit they give Rachel Notley for her performance during her single term in...

    It's exactly what many oil and gas companies wanted to see, despite how much credit they give Rachel Notley for her performance during her single term in power.

    Twitter says it's flagging abusive tweets so you don't have to

    Twitter says it's flagging abusive tweets so you don't have to


    Algorithms are now able to proactively report about 38 per cent of abusive tweets, compared to zero last year, said CEO Jack...

    Algorithms are now able to proactively report about 38 per cent of abusive tweets, compared to zero last year, said CEO Jack Dorsey.