CBJ News

U.S.-China Spat Continues

CBJ — The worsening relationship between the U.S. and China has taken another step with the world’s most populous country complaining that the U.S. is trying to block its industrial [...]

PepsiCo Restructuring

CBJ — PepsiCo is undertaking a number of major strategic changes, which includes a plan to cut jobs and restructure plants to make them more efficient. Chief executive officer Ramon [...]

Airbus Abandons A380

CBJ — Airbus has decided to halt production of its massive A380 by 2021 due to a lack of orders for the world’s largest passenger plane. The A380 was unveiled a decade ago and is a [...]

U.S. Industrial Output Drops

CBJ — Industrial production fell 0.6% in the U.S. last month, largely due to an 8.8% decline in the production of automobiles and components. The U.S. Federal Reserve says that that the [...]

GE Scraps Boston HQ Plans

CBJ — General Electric has decided against moving forward with a 12-story office building in Boston that would have been used as the new corporate headquarters. Instead, GE has decided it [...]

Amazon Nixes New York HQ

CBJ — Amazon has abruptly announced it has cancelled plans to build its second headquarters in New York City. The reason for the sudden, unexpected pullout is being blamed on intense [...]

TekSavvy Lodges CRTC Data Complaint

CBJ — TekSavvy Solutions has filed a complaint with the CRTC, saying that critical statistical information compiled by the federal telecommunications regulator was omitted from last [...]

Ford F-150 Recall

CBJ — Ford Motor Company is recalling about 1.5 million F-150 pickup trucks in North America due to a potential transmission downshift issue that could increase the risk of a crash. Ford [...]

Cenovus Posts $1.36B Q4 Loss

CBJ — Cenovus Energy reported a $1.36-billion loss in its latest quarter as it faced deep discounts for Western Canadian Select oil. The loss amounted to $1.10 per share for the quarter [...]

Wilson-Raybould Resignation

Shockwaves sent through Ottawa CBJ — The seriousness of possible meddling by the Prime Minister’s Office as a means of keeping SNC-Lavalin from facing criminal conviction on fraud and [...]

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