Air Canada stock falls 7% amid higher labour costs, but carrier says ...

The Canadian Press

CALGARY — TC Energy Corp. is open to selling off more than its previously announced target of $3 billion in assets this year, the company said Friday, and is currently engaging with multiple interested buyers for what will likely be two to four separate transactions. CEO François Poirier said the Calgary-based pipeline operator has several divestiture processes underway and hopes to be able to make at least one asset sale announcement in the first half of the year. "We've got many conversations

The Canadian Press

TORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country's largest banks. Court documents in the case against TD Bank included a stark example from lead plaintiff Tyler Dufault, who was charged $96 in fees by the bank after he fell 45 cents short on a PayPal bill. A $15.9-million settlement of the suit, which focused on whether the bank had properly disclosed that customers could be twice charged the $48 non-sufficient funds (

Insider Monkey

In this piece, we will take a look at the 20 fastest growing e-commerce companies in 2024. If you want to skip our overview of the global e-commerce industry and the latest developments, then you can skip ahead and take a look at 5 Fastest Growing E-Commerce Companies in 2024. From the late 1990s and […]

The Canadian Press

HONG KONG (AP) — Hong Kong customs officials have arrested seven people linked to the territory's largest ever money laundering case, involving about 14 billion Hong Kong dollars ($1.8 billion) some of it linked to a scam case in India. The seven local residents, aged between 23 and 74, were part of a large-scale transnational syndicate that used various shell companies and bank accounts to transfer large sums from overseas to the city under the guise of running international trading businesses,

Reuters

U.S.-based Eli Lilly and Denmark's Novo Nordisk have struck gold with their weight-loss drugs, sending their shares to stratospheric levels and putting them on par with some high-growth tech stocks. Retail and institutional investors alike have flocked to the two stocks in the past year, as they bet on explosive demand for the companies' obesity drugs, called GLP-1 agonists, in a market that some analysts expect could breach $100 billion. Lilly shares trade 56.17 times the earnings estimates for the next 12 months, while Novo has a price-to-earnings (PE) multiple of 35.84, according to LSEG data.

Reuters

(Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday. "The Compensation Committee believes that the actions of senior management were critical to reorienting the firm with a much stronger platform for 2024 and beyond," Goldman disclosed in its regulatory filing, in reference to the pay hike. Among peers on Wall Street, JPMorgan Chase CEO Jamie Dimon's compensation climbed 4.3% in 2023, while Morgan Stanley's former CEO James Gorman earned 17% higher in the same period.

CBC

You've probably heard the phrase duty to consult, or failure to consult, when it comes to governments and their relationships with First Nations, Inuit and Métis. But what does it actually mean? Stemming from three Supreme Court of Canada decisions in 2004 and 2005, it's a legal obligation of the Crown to consult and, where appropriate, accommodate Indigenous Peoples before decisions are made that may infringe on Aboriginal and treaty rights.The requirement applies to the federal, provincial and

Yahoo Finance Video

Microsoft (MSFT) has announced that it will release four previously exclusive gaming titles for its Xbox consoles to rival console makers Sony (SONY) and Nintendo (NTDOY). The move is a shift in Microsoft's previous strategy and a push to end what has been seen as "console wars". Lewis Ward, IDC Research Director of Gaming, joins the Live show alongside Yahoo Finance Tech Editor Dan Howley to discuss the latest development for Microsoft and what it could mean for the gaming sector moving forward. Giving more detail on the announcement, Ward states: "I think there was a large share of Xbox players who were concerned that a lot of the crown jewels of the Xbox game studios are going to be eventually playable on Playstation 5, and so that was the thing that really caused a lot of consternation, let's say, among the Xbox fanbase. But Phil Spencer and company really tamped that down by saying, no, this is a limited approach that we're taking with four specific games that are a few years old at least. They are successful games... so the idea is to basically monetize a sunken investment at this point, and if they put it on PS5 and Switch, they're going to go to both by the end of this year, It's going to be... several million dollars more coming into the Xbox ecosystem." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Reuters

MONTREAL (Reuters) -Air Canada pilots are seeing progress in contract talks after a private independent mediator was hired to bridge gaps with the country’s largest carrier over pay and quality-of-life demands, a union representative said on Thursday. Air Canada’s aviators, who are represented by the Air Line Pilots Association (ALPA), are pressing for historic gains to narrow a wage gap with higher-paid U.S. counterparts who secured record contracts in 2023 amid strong travel demand. “We found that using this professional mediator in this private mediation agreement is starting to get the ball rolling,” said Charlene Hudy, who heads the local union representing Air Canada pilots.

The Canadian Press

WASHINGTON (AP) — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan's consumer sentiment index, released Friday, ticked up to 79.6 in February, from 79 in January. The small gain followed two months of sharp increases that were the largest in more than 30 years. How Americans feel could impact the presidential race this

CNN Business

Months after leaving the White House, former President Donald Trump began plotting his return to Wall Street. That return, delayed by years of regulatory and legal hurdles, is now on the verge of becoming a reality — and it could make Trump a fortune.