Louis Chan

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China's GDP is on target, but the data beneath is nasty

Year-on-year GDP expanded 7%, below the 7.3% pace of Q4 2014 and in line with expectations. On a quarter-on-quarter basis the figure was even weaker, rising 1.3% compared to expectations for an increase of 1.4%. When annualised, as is the case in some other nations like the USA, that equates to …

Financial Markets

U.S. fines Corinthian Colleges $30 million

The for-profit Corinthian College network has been fined $30 million by the Department of Education for overstating job placement rates for graduates.<p>The department found that the Corinthian-owned Heald College, based in San Francisco,misrepresented employment numbers to prospective students and …

College & University

Seattle Business Owner Raises His Workers' Minimum Pay to $70,000

A Seattle entrepreneur on Monday delivered a startling message to his employees — he is raising the minimum pay for all of his employees to $70,000, while reducing his own pay to the same amount from about $1 million.<p>Dan Price, the founder of Gravity Payments, said he increased the minimum pay to …


GAO reports warns hackers could bring down plane using passenger Wi-Fi

The same Internet access now available on most commercial flights makes it possible for hackers to bring down a plane, a government watchdog warned Tuesday.<p>The finding by the Government Accountability Office presents chilling new scenarios for passengers. The report doesn't suggest it would be easy …

Joe Thomas: Browns were aware things 'getting in way' for Johnny Manziel

CLEVELAND -- Left tackle Joe Thomas said Tuesday night that the Cleveland Browns were aware last season that things "were getting in the way" of …

Oil rises on U.S. shale output report, Mideast

Canadian, World, Politics and Business News & Analysis

Business (Canada)