Business

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago.  Discount retailer acquired Family Dollar for over $8B in 2015, had difficulty absorbing the chain. Dollar Tree swung to …

The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. ‘It points to the continued peril of local journalism in any format these …

The U.S. Congress is inching toward a crackdown on the popular platform that could have far-reaching implications for social media in the country. Here’s what’s at stake in Wednesday’s House of Representatives vote on TikTok. 5 key details about Wednesday’s landmark moment in the history of social media. The U.S. …

When Reddit goes public later this month, it will be the first major social media platform to do so in years. The company is aiming for a target valuation of up to $6.4 billion US when it launches its IPO (initial public offering) on the New York Stock Exchange, giving …

John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina.  John Barnett died of an apparent suicide, coroner’s office says, amid multiple probes into airline’s safety. John Barnett, a former Boeing …

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve.  Before data, markets anticipated 70 per cent chance of the Fed cutting rates in June. U.S. consumer prices …

In an attempt to combat theft, Loblaw is testing receipt scanners at four of its stores, the grocery giant told CBC News. Customers who use self-checkout must scan their receipt’s barcode — confirming that they paid something — which opens a metal gate, letting them leave. Grocery giant says organized …

A company that owns nearly two dozen newspapers in Atlantic Canada has filed for creditor protection, according to court documents.  Court documents say company, which owns 23 newspapers in Atlantic Canada, has assets of roughly $33M. A company that owns nearly two dozen newspapers in Atlantic Canada has debts of …

Airbnb said Monday that it’s banning the use of indoor security cameras in listings on its site around the world by the end of next month in an effort to “simplify” its policy while prioritizing privacy.  Policy due to go into effect April 30 for all listings worldwide. Airbnb said …

Women are a minority in Canadian boardrooms and the “glacial” pace of progress means it could take decades to reach gender parity, according to a report released this week by the Canadian Chamber of Commerce.  Still just 1 in 5 board seats are held by women, chamber finds in new …