CBJ News

Talks of a G-E Breakup Resurface

CBJ — The prospect of having General Electric broken up into separate smaller companies has once again been tabled after it was announced the company lost more than $11 billion from charges [...]

$100 Million Investment for Linamar

CBJ — The federal and Ontario governments have announced grants totaling nearly $100 million for automotive parts maker Linamar Corp. as it strives to continue to develop its advanced [...]

Hydro One Redesigning Bills — at a Steep Cost

CBJ — Hydro One has spent a staggering $9 million to redesign its paper bills and update its information systems with another $6 million allegedly still to be spent on the project. The NDP [...]

RBC Bumps Up Mortgage Rate

CBJ — Royal Bank of Canada has become the first of the big Canadian banks to increase interest rates on five-year fixed mortgages.  The move comes ahead of the Bank of Canada’s interest [...]

$1 Trillion Growth from Tax Change: Mnuchin

CBJ — American Treasury Secretary Steven Mnuchin believes the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask [...]

HarperCollins Settles with Competition Bureau

CBJ — HarperCollins has reached an agreement with the Competition Bureau in what is expected to restore retail price competition for ebooks in Canada. The outcome follows a bureau [...]

Buffett Tags Canadian as Vice Chair of Berkshire Hathaway

CBJ — Warren Buffett has promoted two of his top executives at Berkshire Hathaway, including 55-year-old Canadian Gregory Abel, who has been named vice chairman for non-insurance business [...]

U.S. Newsprint Duties Imposed

CBJ — As if the newspaper industry hasn’t already been rocked by the sweeping changes in a new digital era and now comes word that newsprint is the latest Canadian product to be hit [...]

GM and the Electric Car Promise

CBJ — In a race against a number of innovative competitors the head of General Motors has boldly said the automaker will make money selling electric cars by 2021. CEO Mary Barra made that [...]

Alibaba May List in Hong Kong

CBJ — Alibaba Group Holding founder Jack Ma says his company will seriously consider listing in Hong Kong. If the large Chinese company were to do so it would provide a monumental boost to [...]

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