Business News

Hard blow for the municipality of Val-des-Sources in Estrie: the company Tergeo, formerly known as Alliance Magnésium, is protecting itself from its creditors. The news was confirmed via press release early Thursday. The Company reserves the right to comment. The Estrie-based company thought big. By 2026, the company wanted to build an industrial complex to …

Val-des-Sources: a company specializing in the processing of magnesium in bankruptcy Read More »

Sept 21 (Portal) – Cisco Systems (CSCO.O) agreed on Thursday to buy cybersecurity company Splunk (SPLK.O) for about $28 billion. This is its biggest deal yet to bolster its software business and capitalize on the artificial intelligence boom. The deal, which marks the biggest technology transaction of the year, will help reduce Cisco’s reliance on …

Cisco buys cybersecurity company Splunk for $28 billion – Portal Read More »

General Motors spent $21 billion on stock buybacks over the last 12 years. Instead, assembly line workers should be given more money. That’s the logic of the United Auto Workers (UAW), which is waging an intensifying strike against GM, Ford and Jeep parent company Stellantis. To date, nearly 13,000 UAW members have quit their jobs. …

What Striking Workers Get Wrong About Automakers’ Profits Read More »

Arm, Instacart and Klaviyo are all trading near their IPO prices, showing a lack of enthusiasm among public investors for new technology opportunities. The tech IPO market was largely closed for 21 months as investors turned away from risk amid rising interest rates. “People are worried about valuations,” said Eric Juergens, a partner at law …

Wall Street’s “moderate” reaction to tech IPOs shows Silicon Valley’s valuation problem Read More »

The Federal Trade Commission sued the largest anesthesiology provider in Texas, alleging the company exercised monopoly power to drive up prices for patients and boost its profits. The FTC asked a federal judge in Houston, Texas, to break up US Anesthesia Partners’ alleged monopoly power and permanently ban the company from engaging in anticompetitive practices. …

FTC sues Texas anesthesiologist to break up monopoly – Read More »

New York CNN – Nnete Matima said she was drawn to working at TikTok because the social media platform was “really built on black culture” and the work of black creators. She saw and embraced TikTok’s public show of support for the Black community following the police killing of George Floyd in 2020 and applied …

Black YouTubers created TikTok. But Black employees say they experienced ‘toxicity and racism’ Read More »

Cable company Videotron is viewed by Quebecers as the telecommunications company with the best quality of customer service in the province, according to a Léger poll released Thursday. “Vidéotron has always put the customer at the center of its priorities and all efforts. Today it once again stands out in the industry for the excellence …

Videotron, Quebecers’ favorite telecommunications company Read More »

Illustration by G Smith/CNN/Adobe Stock WashingtonCNN – A new federal student loan repayment plan could lower monthly payments for millions of borrowers. The Biden administration rolled out the plan ahead of resuming student loan payments in October after a years-long pause caused by the pandemic. The plan — known as SAVE (Saving on a Valuable …

The Biden administration has a new student loan repayment plan. Use this tool to see how much your bill would be Read More »

Gabriel Weinberg, founder and CEO of DuckDuckGo Inc., speaks during a Senate Judiciary Committee hearing on Tuesday, March 12, 2019 in Washington, DC Al Drago | Bloomberg | Getty Images Google’s exclusive deals proved to be an “obstacle” for DuckDuckGo to make browsers the default search engine for its private browsing modes, DuckDuckGo CEO Gabriel …

DuckDuckGo CEO says Google contracts have limited its search business Read More »

Rupert Murdoch is resigning from the boards of Fox and News Corporation, the companies announced Thursday morning. This means that his son Lachlan becomes sole managing director of the powerful global media empire that he built 70 years ago from a small local newspaper group in Australia. The elder Mr. Murdoch will become chairman emeritus …

Rupert Murdoch Resigns from Boards of Fox and News Corporation – The New York Times Read More »