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Postmedia to lay off 11 per cent of staff, sources say

Postmedia to lay off 11 per cent of staff, sources say

TORONTO — Sources say newspaper publisher Postmedia Network Corp. is laying off 11 per cent of its editorial staff, less than a week after workers were told the company was grappling with "economic contraction."
New York City pension funds call for absolute GHG emission targets at RBC

New York City pension funds call for absolute GHG emission targets at RBC

New York City comptroller Brad Lander and three of the city's pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030.
U.S. Justice Deptartment sues Google over digital advertising dominance

U.S. Justice Deptartment sues Google over digital advertising dominance

WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government
Alphabet to close Edmonton office of AI subsidiary DeepMind

Alphabet to close Edmonton office of AI subsidiary DeepMind

EDMONTON — Alphabet Inc. says it will close the Edmonton office owned by its artificial intelligence subsidiary DeepMind.
Uganda begins oil drilling, hopes for production by 2025

Uganda begins oil drilling, hopes for production by 2025

KAMPALA, Uganda (AP) — Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday.
Metro hikes dividend 10%, reports higher profit and sales in first quarter

Metro hikes dividend 10%, reports higher profit and sales in first quarter

Metro Inc., the first of Canada's big three grocers to release earnings this year, reported Tuesday a double-digit increase in profits and a 10 per cent dividend hike following a period that saw food prices rise at the fastest pace in decades.
Companies' diversity commitments at risk amid possible recession: study

Companies' diversity commitments at risk amid possible recession: study

TORONTO — A new report says that pledges made by companies to support diversity are at risk as the corporate sector prepares for a possible recession.

Elon Musk takes stand for 3rd day in Tesla investors lawsuit

SAN FRANCISCO (AP) — Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet.
Thinking about doing a no-buy challenge? Here's what to consider

Thinking about doing a no-buy challenge? Here's what to consider

As inflation continues to weigh on Canadians' budgets, some may have entered the new year taking on a self-imposed "no-buy challenge.
Stocks open lower on Wall Street as earnings reports rev up

Stocks open lower on Wall Street as earnings reports rev up

NEW YORK (AP) — Stocks are opening lower on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in the stock prices.
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