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Fed seen holding rates steady
The Federal Reserve is expected to keep interest rates unchanged on Wednesday and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds.
Posted on 10-28-2015 at 9:23 AM
Apple Pay expanding to Canada with American Express
Apple Inc. has announced that it is expanding the reach of its Apple Pay mobile payments service to Canada later this year, as part of a global rollout. However, the service will be limited to American Express cardholders, suggesting that Canadian banks are not part of the initial launch.
Posted on 10-28-2015 at 8:38 AM
‘Let them have their honeymoon’: Roots co-founder Budman undeterred by rivals
Sometimes it’s all about timing. And for the founders of Roots Canada, Michael Budman and Don Green, it was time to sell a big chunk of their company to private equity firm Searchlight Capital for an undisclosed amount.
Posted on 10-28-2015 at 8:01 AM
VW slumps to first loss in 15 years as emissions scandal costs mount
Volkswagen posted its first quarterly loss in at least 15 years on Wednesday and said the $7.4 billion US set aside to cover the costs of its rigging of diesel emissions tests was likely just a start.
Posted on 10-28-2015 at 7:44 AM
Shell scraps construction of Carmon Creek oil sands project amid low crude prices
Royal Dutch Shell PLC is scrapping a massive steam-driven oil sands project, blaming the collapse in oil prices and a lack of pipelines to move crude from Alberta to global markets.
Posted on 10-28-2015 at 7:32 AM

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