The Globe and MailNowRupert Murdoch steps down as chairman of Fox, News Corpverified_publisherThe Globe and Mail - ReutersMedia mogul Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp NWSA-Q, the companies said on Thursday. The news comes just months after Murdoch scrapped a plan that would have reunited his media empire by merging Fox and News Corp. More to come.
The Globe and Mail1 hour agoU.S. weekly unemployment claims unexpectedly fallverified_publisherThe Globe and Mail - ReutersThe number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some …
The Globe and Mail1 hour agoOil companies cautious about drilling as energy transition loomsverified_publisherThe Globe and Mail - Rod Nickel and Nia WilliamsGovernment policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void. Crude oil prices have surged above $90 …
The Globe and Mail1 hour agoCisco beefs up cybersecurity play with $28-billion Splunk dealverified_publisherThe Globe and Mail - ReutersCisco Systems CISC-CN on Thursday agreed to acquire cybersecurity company Splunk SPLK-Q for about $28-billion, in its biggest acquisition ever that would bolster its network security business. Cisco’s offer price of $157 per share in cash represents a premium of about 31 per cent to Splunk’s …
The Globe and Mail1 hour agoRussia imposes temporary restrictions on fuel exports in bid to stabilize domestic marketverified_publisherThe Globe and Mail - ReutersRussia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market, the government said on Thursday. It did not specify how the restrictions would work. The energy ministry said separately that they would prevent unauthorized “grey” exports of …
The Globe and Mail1 hour agoDetroit Three under pressure to progress UAW talks, avoid wider auto strikesverified_publisherThe Globe and Mail - Hyunjoo JinThe United Auto Workers (UAW) and the Detroit Three automakers on Thursday have a final full day to make significant progress on a new contract before the union plans to otherwise announce an expansion of its U.S. strikes. The standoff is fuelling worries about prolonged industrial action that could …
How Canada’s sex traffickers evade capture and isolate victims to prevent their escapeBy The Globe and Mail
Ontario moves to regulate towing industry in bid to stop violence and corruptionBy The Globe and Mail
