Author: Press Room

NBCUniversal global advertising chief Linda Yaccarino has resigned to join Twitter as its next chief executive.Twitter owner Elon Musk confirmed the hire in a tweet Friday.”I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk tweeted. He said she “will focus primarily on business operations, while I focus on product design & new technology.”He added: “Looking forward to working with Linda to transform this platform into X, the everything app.”The announcement comes a day after Musk said via Twitter he would step down from the role and that there would be a new CEO of the…

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The problem: Their trip was not technically “interrupted,” since they spent all 18 nights aboard. Several times in my conversations with insurance executives I heard the phrase “You’re not covered for loss of enjoyment,” but I imagined this applying to a week of rain at a Caribbean resort, not an Antarctic cruise that never makes it to Antarctica.I also heard from a reader named Alan, of Vaughan, Ontario, about a nightmarish return from Vancouver to Toronto during last Christmas season’s storms. After three WestJet flights were canceled and another delayed, all because of the weather, the next flight they were…

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The Central Intelligence Agency announced this week several measures it will take to address internal sexual assault and harassment allegations, which have recently come under congressional scrutiny and prompted a review by the agency’s watchdog.  Multiple victims have approached the Senate and House Intelligence committees with complaints about the agency’s handling of claims of misconduct, citing, for instance, potential obstacles to filing criminal complaints with law enforcement.  On Thursday CIA announced the appointment of Dr. Taleeta Jackson, a seasoned psychologist who most recently led the Sexual Assault Prevention Program at the U.S. Navy, as the new head of a dedicated…

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A provincial safety official says there will be increased inspections at the Donkin coal mine in Cape Breton now that it has resumed operations after an underground fire prompted a stop-work order in April. Gary O’Toole, executive director of the Labour Department’s safety branch, confirmed Friday that an investigation into the fire was almost complete, and he said inspectors found no ongoing or imminent risks after repairs were completed.No one was in the mine when the fire broke out on April 30, but the department has yet to say what caused the fire or where it happened.O’Toole said the safety…

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There’s little reason to think finding a rental in Perth will get easier any time soon, with new data revealing vacancy rates remained below one per cent last month.Property and data site PropTrack has revealed that Perth still had the second lowest vacancy rate of any Australian capital, with only 0.98 per cent of rentals vacant — just ahead of Adelaide at 0.97 per cent.

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Walt Disney Co (NYSE: DIS) is in focus this morning after a Wolfe Research analyst turned dovish on the entertainment conglomerate. Disney+ lost 4.0 million subscribers in Q2 On Friday, Peter Supino downgraded the California-based company to “peer perform” and suspended his price objective on the stock. His view is based primarily on the company’s direct-to-consumer business that the analyst warns will be slow in reaching profitability. The DTC subscriber and linear TV outlooks keep deteriorating. DTC plan for > subs, > prices and < cost seems like cognitive dissonance. Earlier this week, the mass media company said its flagship…

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The UK economy expanded in the first quarter as activity showed greater resilience than forecast earlier in the year, even as output contracted more than expected in March.Gross domestic output, or GDP, rose by 0.1 per cent between the last quarter of 2022 and the first three months of this year, unchanged from the previous quarter, according to data published by the Office for National Statistics on Friday.On Thursday, the Bank of England said it expected the economy to stagnate in both the first and second quarters with growth accelerating in the rest of the year. ONS data showed that…

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Regulators have suspended the registration of a Canadian fund manager that failed to file audited accounts on time and ordered it to wind up its exchange traded funds or transfer them to a different manager. The move to suspend Toronto-based Emerge Canada, which billed itself as “Canada’s first and only woman-owned investment fund firm”, comes after the discovery of a highly unusual financial arrangement whereby Emerge Canada owes the ETFs approximately C$5.5mn ($4.1mn), according to the Ontario Securities Commission.The regulator on Thursday suspended Emerge Canada for its failure to meet minimum working capital requirements of C$100,000, a failure it said…

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