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Amazon closes $8.5B deal to acquire Hollywood studio MGM

Amazon closes $8.5B deal to acquire Hollywood studio MGM

Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The retail giant had announced the $8.
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Major UK ferry operator fires 800 crew after pausing service

Major UK ferry operator fires 800 crew after pausing service

LONDON (AP) — P&O Ferries, one of the largest ferry operators serving the United Kingdom, fired 800 crew members with “immediate" effect, saying Thursday that the company’s survival depends on “swift and significant changes.
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Bank of England raises rates as Ukraine war boosts inflation

Bank of England raises rates as Ukraine war boosts inflation

LONDON (AP) — The Bank of England raised its key interest rate Thursday for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation that is set to accelerate following Russia’s invasion
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Fewer Americans file for jobless claims last week

Fewer Americans file for jobless claims last week

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound.
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MDA reports $600,000 Q4 profit, revenue up 15 per cent from year ago

MDA reports $600,000 Q4 profit, revenue up 15 per cent from year ago

BRAMPTON, Ont. — MDA Ltd. reported a fourth-quarter profit of $600,000 compared with a loss of $12.6 million in the last three months of 2020 as its revenue rose 15 per cent.
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Emirati-flagged cargo ship sinks in Persian Gulf off Iran

Emirati-flagged cargo ship sinks in Persian Gulf off Iran

DUBAI, United Arab Emirates (AP) — An Emirati-flagged cargo ship sank Thursday off Iran in the Persian Gulf in poor weather, authorities said, with rescuers attempting to account for all of its 30 crew members. Capt.
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Fed begins inflation fight with key rate hike, more to come

Fed begins inflation fight with key rate hike, more to come

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,468.83, up 280.99 points.) Enbridge Inc. (TSX:ENB). Energy. Down 41 cents, or 0.7 per cent, to $55.82 on 10.8 million shares.
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North American stock markets gyrate and climb in reaction to Fed rate hike

North American stock markets gyrate and climb in reaction to Fed rate hike

TORONTO — North American stock markets gyrated midweek after the U.S. Federal Reserve raised interest rates and pointed to six more hikes this year as inflation is expected to remain hot while economic growth is forecast to slow.
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Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars

Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars

Canada's prime minister and Ontario's premier announced millions in funding support for domestic hybrid car production on Tuesday but both leaders dodged questions on the possibility of incentives to help Canadians buy them.
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