WELLINGTON, New Zealand — New Zealand plans to start taxing people who buy books, shoes and other small items online from abroad in a measure many people are calling the “Amazon Tax.” Revenue Minister Stuart Nash announced Tuesday that the government plans to close a loophole allowing people to buy low-cost items from abroad without […]
TORONTO — Hydro One says it is reviewing its executive compensation arrangements at the urging of the Ontario Liberal government. The move comes weeks after Progressive Conservative Leader Doug Ford said he would fire the CEO and board of directors at the partially privatized utility if his party is elected on June 7. However, CEO […]
TORONTO — The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. Spokesman Tom Wallis says in an email that the rate will change from 4.99 per cent to 5.14 per cent. Wallis says seven-year and 10-year fixed-rate mortgage rates will also rise 15 basis […]
SAN FRANCISCO — WhatsApp CEO Jan Koum is breaking ties with his company’s parent, Facebook, amid a privacy scandal that has dogged the social network for weeks. Koum confirmed his departure from WhatsApp Monday on his Facebook page . The Washington Post reported that Koum also plans to resign from Facebook’s board of directors. Facebook […]
LAKE FOREST, Calif. — Panasonic Corp. will pay about $280 million to resolve federal charges that executives at its in-flight entertainment unit improperly hid payments to consultants overseas in violation of anti-corruption rules, officials announced Monday. The Japanese electronics giant’s parent company will pay $143 million to the Securities and Exchange Commission, while its Southern […]
LAS VEGAS — Former casino mogul Steve Wynn has filed a defamation lawsuit against a former Wynn Las Vegas salon director over sexual misconduct claims attributed to the man in media reports about Wynn. Wynn accuses defendant Jorgen Nielsen of malice for quotes reported by the Wall Street Journal and ABC News that the lawsuit […]
VANCOUVER — Prime Minister Justin Trudeau promoted the expansion of retail giant Amazon’s technology hub in Vancouver on Monday as he used the region’s record-high gas prices to continue selling the expansion of the Trans Mountain pipeline. “I know that part of the challenge that folks across the Lower Mainland and B.C. are facing right […]
OTTAWA — Finance Minister Bill Morneau isn’t saying whether the federal government has analyzed how its carbon-pricing plan could affect women differently than men — even though documents show it has. Morneau faced the question from Conservative MP Michelle Rempel during his appearance before the Commons committee on the status of women, where he was […]
OTTAWA — Finance Minister Bill Morneau isn’t saying whether the federal government has analyzed how its carbon-pricing plan could affect women differently than men — even though documents show it has. Morneau faced the question from Conservative MP Michelle Rempel during his appearance before the Commons committee on the status of women, where he was […]
VAUGHAN, Ont. — Cara Operations Ltd. says Frank Hennessey will be the restaurant company’s new chief executive officer, starting next month. The company says Hennessey will begin in the top role May 10 as Bill Gregson, who has served as Cara’s CEO since October 2013, will retire from the role and become executive chairman of […]