Category: Business News

Business News

Dominion suit against Fox News spotlights Maria Bartiromo

How do you solve a problem like Maria Bartiromo? Fox News executives may be asking themselves that question as she emerges as a central figure in Dominion Voting Systems’ $1.6-billion defamation suit against the conservative news network. In released court documents and deposition testimony connected to the case, Bartiromo is cited throughout for allowing former President Trump’s false claims about 2020 election fraud to air on the network in an effort to stop angry viewers from abandoning the network. Falsehoods such as the claim that the Denver-based voting machine maker was founded in Venezuela to aid Hugo Chávez and that…
Business News

WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News

WestJet closes Sunwing deal The Canadian Press – May 1, 2023 / 9:15 am | Stories: 424375 Photo: The Canadian Press The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year. The company says that, initially, the airlines will continue independent operations. However, WestJet says the two airlines will move from being competitors to collaborators. Stephen Hunter, formerly the CEO of Sunwing Vacations, has been appointed CEO of the WestJet Group’s vacations business. Hunter will be responsible for all tour operating and vacation package businesses at both…
Business News

Toronto homeowners’ cost of living costs almost 60%

Breadcrumb Trail Links News Canada’s biggest city isn’t just expensive for homeowners. Renters’ costs have suffered 22% Published May 01, 2023 • Last updated 18 hours ago • 4 minute read Costs for Toronto homeowners have skyrocketed 58 per cent since last year. Photo by Ernest Doroszuk/Toronto Sun/Postmedia Article content Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe…
Business News

President Biden jokes to dinner guests if you’re disoriented or confused, you’re either ‘drunk or Marjorie Taylor Greene’

President Joe Biden laughs as he speaks during the White House Correspondents’ Association dinner at the Washington Hilton in Washington, Saturday, April 29, 2023.Carolyn Kaster/AP Photo Biden mocked Rep. Marjorie Taylor Greene during his White House Correspondents’ Dinner speech. He said that if the guests felt confused, they would either “drunk or Marjorie Taylor Greene.” Biden also poked fun at his political rivals and himself at the annual event. President Joe Biden made a jibe at Rep. Marjorie Taylor Greene during his speech at the White House Correspondents’ Dinner on Saturday night, suggesting the congresswoman was “confused.” “I want everyone…
Business News

SpaceX giant rocket explodes minutes after launch from Texas – Business News

Photo: The Canadian Press SpaceX’s Starship breaks up after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. (AP Photo/Eric Gay) SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico. Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter)…
Business News

BuzzFeed News to be shuttered in corporate cost cutting move – Business News

Photo: The Canadian Press FILE – The entrance to BuzzFeed in New York was seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company was going to start the process of shutting down its news division, and that cuts would also occur across its business, content, tech and administrative teams. (AP Photo/Ted Shaffrey, File) Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of…
Business News

Elon Musk’s Twitter drops government-funded media labels – Business News

Photo: The Canadian Press Twitter has removed labels describing global media organizations as government-funded or state-affiliated, a move that comes after the Elon Musk-owned platform started stripping blue verification checkmarks from accounts that don’t pay a monthly fee. Among those no longer labeled was National Public Radio in the US, which announced last week that it would stop using Twitter after its main account was designated state-affiliated media, a term also used to identify media outlets controlled or heavily influenced by authoritarian governments, such as Russia and China. Twitter later changed the label to “government-funded media,” but NPR — which…
Business News

Lyft gears up to make ‘significant’ layoffs under new CEO – Business News

Photo: The Canadian Press FILE – A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. (AP Photo/David Zalubowski, File) Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with an eye toward driving down costs to help bring its fares more in line with its biggest rival, Uber. Risher, a former Amazon executive, informed Lyft’s workforce of more than 4,000 employees in an email posted online Friday that a “significant” number of them would lose their jobs. It came…