business

Introduction To How And Where You Can Trade CFDs

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CFD stands for Contract For Difference and it is form of derivative trading which is of not very old origin. It allows traders to make money by speculating on the rising and falling prices of fast moving financial markets. It includes in its gambit currencies, commodities, treasures, stocks, shares and indices. There are some unique features which make them different ...

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Executives Anticipate Brexit Effects in Quarterly Reports

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The U.K.’s vote to leave the European Union has sown confusion in corporate executive suites, and so far it’s had a greater effect on pricing and planning than on profitability. Engineering giant ABB Ltd., publisher Daily Mail & General Trust and appliance retailer AO World cited rising uncertainty in their quarterly profit reports on Thursday, the busiest day for earnings ...

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Kirstine Stewart Leaving Job as Twitter Vice President

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Twitter’s vice president for media in North America, Kirstine Stewart, will be leaving the company. A Twitter spokesman confirmed in an email Thursday that Stewart will part ways with the social media company. But Cam Gordon said Twitter is “not sharing any other details at this time.” Stewart’s profile says she’s responsible for Twitter’s TV, sports, music, gaming, talent, entertainment, ...

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Facebook Banned Gun Sales, But is it Working?

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A discussion group on Facebook called Texas Pew Pew Pew Show & Tell warned its users that it was intended to host conversations “about anything that goes pew pew pew,” but not to facilitate the sale or trade of firearms. The same note asked participants to “be smart” and “to take it to PM,” a reference to private messages. “If ...

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Enbridge to Pay US$177 Million for One of the Largest Onshore Oil Spills in U.S. History

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CALGARY – Canada’s largest pipeline company Enbridge Inc. has reached a US$177-million settlement with the U.S. Department of Justice and the Environmental Protection Agency over two pipeline spills in the summer of 2010 that released more than 26,500 barrels of oil into rivers in Michigan and Illinois, bringing the total cost of the controversial clean-up to more than US$1.2 billion. ...

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BlackBerry Signs multimillion-dollar Deal with U.S. Government

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NEW YORK—BlackBerry says it has received a multimillion-dollar order for secure software that would used in the U.S. Capitol complex in times of crisis. The order was awarded by the U.S. Senate Sergeant at Arms Office in Washington, D.C. BlackBerry says its AtHoc system will be fully implemented for the Capitol complex over the coming months. The company didn’t say ...

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Canadian Dollar Falls Half a U.S. Cent as Oil Prices Retreat

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North American traders avoided moving stock markets in any solid direction, as the Canadian dollar weakened by half a cent. The loonie lost 0.54 of a U.S. cent to 76.76 cents (U.S.) amid declining oil prices. The more heavily-traded September crude contract declined 49 cents at $45.45 per barrel, while the August contract dipped 59 cents to $45.65 a barrel. ...

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Twin Butte Energy Takeover Raises Questions Over Priority of Claims

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In three weeks shareholders and debenture holders of Twin Butte Energy will meet in Calgary to give their assessment of the board-endorsed takeover of the company by Reignwood Resources, a privately held Singapore-based entity. And, now that the circular for the Aug. 10 meeting has been released, the convertible debenture holders, who invested $85 million in December 2013 in the ...

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‘Pretty Disgusting’: Urbancorp Restructuring Leaves Hundreds of Hopeful Homeowners in Limbo

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TORONTO — Three years ago, Loraine Adal-Salmon, who works in hospital administration, and her husband Anthony Salmon, a medical technologist, pooled their savings and put an $82,000 deposit on a three-storey semi-detached house with a finished basement and back yard that Urbancorp Inc. agreed to build them at the site of a decommissioned public school in midtown Toronto. Urbancorp said ...

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Volkswagen Emissions Deception Involved Executives at Highest Levels, U.S. Lawsuits Allege

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The New York and Massachusetts attorneys general on Tuesday directly challenged Volkswagen’s defense over its emissions deception, calling the decision to thwart pollution tests an orchestrated fraud that lasted more than a decade, involved dozens of engineers and managers and reached deep into the company’s boardroom. The accusations, levelled in state lawsuits, contradict Volkswagen’s portrayal of the deception, representing a ...

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