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Thomson Reuters shares hit record high after Q2 profit surges above US$1 billion

Thomson Reuters shares hit record high after Q2 profit surges above US$1 billion

TORONTO — Shares of Thomson Reuters Corp.

Toronto-based Score Media and Gaming sold to Penn National in US$2 billion deal

Toronto-based Score Media and Gaming Inc. is being acquired by U.S.-based Penn National Gaming Inc. in a US$2-billion cash and stock deal.
Apple to scan U.S. phones for images of child abuse

Apple to scan U.S. phones for images of child abuse

Apple is planning to scan U.S. iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused by governments looking to surveil their citizens.
US to probe Phoenix police over excessive force allegations

US to probe Phoenix police over excessive force allegations

WASHINGTON (AP) — The Justice Department is launching a widespread probe into the police force in Phoenix to examine whether officers have been using excessive force and abusing people experiencing homelessness.
Gildan Activewear swings to US$146.1-million Q2 profit as revenues surge 225 per cent

Gildan Activewear swings to US$146.1-million Q2 profit as revenues surge 225 per cent

MONTREAL — Gildan Activewear Inc. swung to a US$146.4-million profit in the second quarter as revenues surged 225 per cent despite supply chain challenges. The Montreal-based apparel maker, reporting in U.S.

Financially literate kids require early efforts by parents, experts say

TORONTO — Financial literary expert Laurie Campbell experienced first-hand the embarrassment that many parents fear after she told her young son how much money she made.
Lightspeed CEO confident company has room to grow as rivals circle, businesses reopen

Lightspeed CEO confident company has room to grow as rivals circle, businesses reopen

The rush of companies adopting new software during the COVID-19 pandemic sparked a wave of business for technology firms, but Lightspeed Commerce Inc.'s Dax Dasilva isn't worried about rivals.
TMX Group posts double-digit increase in revenues, profits in second quarter

TMX Group posts double-digit increase in revenues, profits in second quarter

TORONTO — TMX Group Ltd. is reporting a double-digit increase in profits and revenues in the second quarter. The company, which operates the Toronto Stock Exchange, says its net income increased 14 per cent to $77.3 million, up from $67.
AFL-CIO President Richard Trumka has died, Democrats say

AFL-CIO President Richard Trumka has died, Democrats say

WASHINGTON (AP) — Richard Trumka, the powerful president of the AFL-CIO labor union, has died, Democratic leaders said Thursday. News of his death was announced by President Joe Biden and Senate Majority Leader Chuck Schumer.
Quebecor Q2 profit falls 29 per cent to $123.5 million despite higher revenues

Quebecor Q2 profit falls 29 per cent to $123.5 million despite higher revenues

MONTREAL — Quebecor Inc. is reporting a 29-per-cent drop in profits in the second quarter despite higher revenues. The Quebec-based telecommunications company says its net income attributable to shareholders was $123.