Business

Fiat-Chrysler and BMW team up with Intel to develop self-driving system

New Intel recently bought Mobileye, a leader in developing smarter car sensors The Associated Press Posted: Aug 16, 2017 8:35 AM ET Last Updated: Aug 16, 2017 8:35 AM ET Fiat Chrysler is teaming up with BMW and Intel to develop an autonomous-driving system. The companies say the system will be used by automakers worldwide to run self-driving vehicles. It ...

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What Canadian business hopes to get from NAFTA talks

Canadian businesses are hoping U.S. negotiators will be receptive to maintaining, if not improving, the current flow of goods and workers across the border as the 23-year-old North American Free Trade Agreement is renegotiated. Economist Trevor Tombe of the University of Calgary says ensuring the flow of skilled workers is a “pretty realistic prospect” in the NAFTA talks and is important to ...

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For or against? Business leaders feel forced to take a stand on Trump: Don Pittis

“It’s time to take a stand” feels like one of life’s most noble sentiments, but the words also contain a warning.  Those, or words like them, have been used repeatedly over the past few days, including in support of business leaders turning their backs on U.S. President Donald Trump by resigning from his various business advisory councils. “As CEO of Merck and as a matter ...

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Minimum wage hikes next year will cost grocery chain Metro up to $50M, company says

Montreal-based grocer joins other retailers in saying rising wages will stretch their thin margins By Pete Evans, CBC News Posted: Aug 15, 2017 10:50 AM ET Last Updated: Aug 15, 2017 11:07 AM ET Ontario’s recent decision to hike its minimum wage to $15 an hour would cost Metro tens of millions of dollars next year and put pressure on the entire industry, the ...

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Average price of Canadian home sold in July inched down 0.3% to $478,696 in past year

New CREA also reports 12% fewer sales last month compared to same month a year ago CBC News Posted: Aug 15, 2017 9:20 AM ET Last Updated: Aug 15, 2017 9:22 AM ET The average sale price of a Canadian home has fallen by 0.3 per cent in the past year, the first yearly decline since 2013. The average price ...

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Top CEOs begin exodus from White House council after Trump’s response to Charlottesville

The CEOs of athletic wear manufacturer Under Armour, computer chip maker Intel and pharmaceutical company Merck resigned Monday from the White House’s American Manufacturing Council — with the Merck withdrawal drawing a quick and angry Twitter outburst from U.S. President Donald Trump. Merck CEO Kenneth Frazier cited the president’s failure to explicitly rebuke the white nationalists who marched in Charlottesville, ...

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Top CEOs abandon White House business council after Trump’s response to Charlottesville

The CEOs of athletic wear manufacturer Under Armour, computer chip maker Intel and pharmaceutical company Merck resigned Monday from the White House’s American Manufacturing Council — with the Merck withdrawal drawing a quick and angry Twitter outburst from U.S. President Donald Trump. Merck CEO Kenneth Frazier cited the president’s failure to explicitly rebuke the white nationalists who marched in Charlottesville, ...

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Under Armour CEO latest to drop out from Trump council

New Company to focus on promoting ‘unity, diversity and inclusion’ through sports, says Kevin Plank The Associated Press Posted: Aug 14, 2017 9:28 PM ET Last Updated: Aug 14, 2017 9:31 PM ET Related Stories The CEO of athletic wear manufacturer Under Armour is resigning from the President’s American Manufacturing Council, saying his company “engages in innovation and sports, not ...

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Trump’s tweets ‘are hurting him,’ says former McDonald’s CEO

The former CEO of McDonald’s calls U.S. President Donald Trump “childish” and says he should “quit tweeting.” “His tweets are hurting him,” said Ed Rensi, who served as president and chief executive officer of McDonald’s from 1991 to 1997 and still sits on its board. ‘You can’t be a bully. You don’t bully the CEO of Merck.’ – Ed Rensi Rensi was ...

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