CBJ News

Facebook to Enter Cryptocurrency Domain

CBJ — Social media giant Facebook plans to launch a cryptocurrency called Libra next year that will provide direct competition to the likes Bitcoin. The corporate decision is all part of an [...]

Manufacturing Sales Down in April

CBJ — Manufacturing sales dropped 0.6% in April to $57.8 billion with sales in the in the transportation equipment and primary metal industries declining the most. The April monthly decline [...]

Stamp Hike May Be Coming

CBJ — Canada Post is proposing a rise in the price of stamps by two cents to 92 cents — if purchased in a sheet of stamps.  The cost for a single stamp would remain at $1.07. The [...]

Huawei Hit Hard By U.S. Ban

CBJ — Despite previous assertions otherwise, China’s Huawei Technologies now admits that the ban by the U.S. is taking a big hit on its bottom line — perhaps to the tune of 30 [...]

Sotheby’s Going Private

CBJ — Billionaire entrepreneur and art collector Patrick Drahi is taking auction house Sotheby’s private in a deal valued at $3.7 billion. Drahi will pay $57 per share, which is a 61% [...]

Huawei Files Mobile OS Trademark

CBJ — Chinese telecom giant Huawei has applied to trademark its “Hongmeng” operating system (OS) in at least nine countries and Europe. The move is seen as a method of deploying a backup [...]

Oil Surges After Tanker Attacks

CBJ — Rogue attacks on two tankers off the coast of Iran quickly resulted in a spike in oil prices while traders purchased more gold and the Japanese yen as a protection measure. Brent [...]

Husky Pleads Guilty to Oil Leak

CBJ — Husky Energy has pleaded guilty in a pipeline leak that sent oil spilling into a major river that is the source of drinking water for a number of Saskatchewan communities almost three [...]

GM Invests $150 Million in Flint

CBJ — General Motors is investing $150 million at its Flint Assembly plant in Michigan as a means of increasing production of heavy-duty trucks by another 40,000 vehicles a year. GM [...]

VW Drops Aurora Partnership

CBJ — Volkswagen has abandoned a partnership with a U.S. startup Aurora, known for its development of self-driving vehicles. Instead, VW is going to focus on a larger alliance with Ford. [...]

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