TORONTO — Alongside the Egg McMuffins, hashbrowns and hotcakes that have been on McDonald’s menus for years, consumers who visit the fast food giant’s restaurants Thursday might spot something new on the menu boards. McDonald’s Canada starts serving bagels at its restaurants across the country this week, following a four-month pilot in Ontario. The product […]
LONDON — Royal Bank of Scotland says it has tentatively agreed to pay $4.9 billion to settle U.S. Department of Justice claims that it misled investors over the sale of mortgage-backed securities before the 2008 financial crisis. The settlement marks a watershed moment for RBS, which was bailed out by British taxpayers after a series […]
Rubberneckers trying to capture the fallout from car crashes on their cell phones are leading to even more collisions and putting first responders at risk, RCMP say.
Chinese state media say the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors. A court in Shanghai handed down the sentence Thursday against Wu Xiaohui, the former chairman of Anbang Insurance Group. He founded the company in 2004 but was accused of misleading investors and diverting money.
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CARPINTERIA, Calif. — This picturesque coastal town cradled by mountains and sandy shores is a scene out of a Southern California postcard. Residents of Carpinteria say they feel lucky to live in what they consider a slice of paradise. But change is in the air. And sometimes, they say, it stinks. That’s because marijuana has […]
Top U.S. tech executives and researchers are planning to press the Trump administration to invest in artificial intelligence and craft policies they hope will strengthen the economy without displacing jobs. The White House is hosting the “Artificial Intelligence for American Industry” event Thursday. Google, Amazon, Facebook and Microsoft are among dozens of tech firms attending. […]
MILAN — Italy’s largest bank by assets, UniCredit, has reported its best first quarter in more than a decade, with net profits up 22 per cent to 1.1 billion euros ($1.3 billion). Unicredit CEO Jean Pierre Mustier said Thursday the bank’s “renewed customer focus” had driven up fees for both investments and transactions by 2.8 […]
IOWA CITY, Iowa — A top aide to Gov. Kim Reynolds has been hired by Apple months after promoting a $208 million incentive package for the company’s planned Iowa data centre as a good deal for taxpayers. Tim Albrecht departed as Reynolds’ deputy chief of staff, to become a manager of strategic initiatives for Apple […]
HARRISBURG, Pa. — Pennsylvania’s governor said Thursday the state will use a $118 million settlement with Volkswagen over the company’s cheating on emissions tests to cut air pollution in the state. Democratic Gov. Tom Wolf told The Associated Press that he is setting up Driving PA Forward , a program to distribute grants and rebates […]
SEOUL, Korea, Republic Of — South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat. The government said Thursday the American automaker also agreed to limit its right to sell shares or assets for 10 years and to establish a new […]