Business

Business


Wildly swinging oil prices will continue, and provinces like N.L. can gain

ST. JOHN’S, N.L. — As the COVID-19 pandemic sent oil prices plummeting to historic lows, emails obtained by The Canadian Press show Newfoundland and Labrador was quietly bracing for two of its offshore oilfields to be abandoned by their owners. And as the province watches those same companies this year report staggering profits, experts say fossil fuel-producing […]

Read More


Mormon church fined $5M for obscuring size of portfolio

SALT LAKE CITY (AP) — The Church of Jesus Christ of Latter-day Saints and its investment arm have been fined $5 million for using shell companies to obscure the size of the portfolio under church control, the U.S. Securities and Exchange Commission announced Tuesday. The faith, widely known as the Mormon church, maintains billions of […]

Read More


11 states consider ‘right to repair’ for farming equipment

DENVER (AP) — On Colorado’s northeastern plains, where the pencil-straight horizon divides golden fields and blue sky, a farmer named Danny Wood scrambles to plant and harvest proso millet, dryland corn and winter wheat in short, seasonal windows. That is until his high-tech Steiger 370 tractor conks out. The tractor’s manufacturer doesn’t allow Wood to […]

Read More


Indigo cyberattack highlights mounting prevalence, sophistication of hackers: Experts

A cybersecurity incident stretched into its fifth day at Indigo Books & Music Inc. on Monday, illuminating the growing risk of cyberattacks on Canadian companies and consumers. The ongoing outage of the bookstore’s website serves as a warning of the mounting dangers facing organizations and individuals online, experts say. “These attacks are becoming more prevalent and more […]

Read More


Texas AG settles with former aides who reported him to FBI

DALLAS (AP) — Texas Attorney General Ken Paxton has agreed to apologize and pay $3.3 million in taxpayer money to four former staffers who accused him of corruption in 2020, igniting an ongoing FBI investigation of the three-term Republican. Under terms of a preliminary lawsuit settlement filed Friday, Paxton made no admission of wrongdoing to […]

Read More


Indigo latest target in string of cyberattacks on Canadian businesses

A cybersecurity incident that knocked Indigo Books & Music Inc.’s website and electronic payment systems offline is the latest in a string of cyberattacks experts say are increasingly targeting Canadian businesses. “It’s really turned into the Wild West out there and companies are struggling,” Robert Falzon, head of engineering at Check Point Canada, said in an interview […]

Read More


Kenya labor court rules that Facebook can be sued

NAIROBI, Kenya (AP) — A judge in Kenya has ruled that Facebook’s parent company, Meta, can be sued in the East African country. Meta tried to have the case dropped, arguing that Kenyan courts do not have jurisdiction over their operations, but the labor court judge dismissed that in a ruling on Monday. A former […]

Read More


Microsoft: Iran unit behind Charlie Hebdo hack and leak op

After the French satirical magazine Charlie Hebdo launched a cartoon contest to mock Iran’s ruling cleric, a state-backed Iranian cyber unit struck back with a hack-and-leak campaign that was designed to provoke fear with the claimed pilfering of a big subscriber database, Microsoft security researchers say. The FBI blames the same Iranian cyber operators, Emennet […]

Read More


FTC fines GoodRx for unauthorized sharing of health data

In a first-of-its-kind enforcement, the Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent. Under a settlement, California-based GoodRx also accepted that it will be prohibited going forward from […]

Read More


Home Depot gave personal data to Meta without valid customer consent: watchdog

OTTAWA — Retailer Home Depot shared details from electronic receipts with Meta, which owns the social media platform Facebook, without the knowledge or consent of customers, the federal privacy watchdog has found. In a report released Thursday, privacy commissioner Philippe Dufresne said the data included encoded email addresses and in-store purchase information. The commissioner’s investigation […]

Read More


J&J subsidiary to pay $9.75M to resolve kickback allegations

BOSTON (AP) — A subsidiary of health care company Johnson & Johnson has agreed to pay nearly $10 million to settle allegations that it violated federal and state law by providing free products to a surgeon to induce him to use its products in procedures, prosecutors said Friday. Under the settlement with DePuy Synthes, the […]

Read More


Prince Rupert port set to ban cruise ships from dumping contaminated wastewater

A second port on Canada’s West Coast is proposing a ban on cruise ships dumping contaminated and acidic wastewater while docked to protect the marine environment. The Port of Prince Rupert on B.C.’s north coast is taking public feedback until Feb. 5 on changes slated for 2023, including forbidding the open-loop scrubber systems that cruise […]

Read More