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Boeing to outsource IT work to Dell, eliminate 600 jobs

Boeing to outsource IT work to Dell, eliminate 600 jobs

SEATTLE — Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs.
Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic

Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic

Prolonged lockdowns meant to quell the spread of COVID-19 are making it tough for Lightspeed POS Inc. to pick up new customers.

US unemployment claims fall to 779,000 but job cuts grind on

WASHINGTON — The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.
US productivity in Q4 falls by largest amount in 39 years

US productivity in Q4 falls by largest amount in 39 years

WASHINGTON — U.S. productivity in the October-December quarter fell by the largest amount in 39 years as the coronavirus pandemic roiled the labour market. Productivity dropped at a rate of 4.
Falling rents amid pandemic present opportunity for tenants to negotiate

Falling rents amid pandemic present opportunity for tenants to negotiate

Thanks to the COVID-19 pandemic, tenants in many parts of the country are witnessing something they haven't seen in years: falling rent prices.
1 tweet from Rihanna on farmer protests gets India incensed

1 tweet from Rihanna on farmer protests gets India incensed

NEW DELHI — It took just one tweet from Rihanna to anger the Indian government and supporters of Prime Minister Narendra Modi's party.
Oilsands giant Suncor Energy notes fourth-quarter loss on lower revenue, writedowns

Oilsands giant Suncor Energy notes fourth-quarter loss on lower revenue, writedowns

CALGARY — Canadian oilsands and refining giant Suncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a net loss of $2.34 billion or $1.52 in the same period of 2019.
New program offers B.C. businesses grants to build or expand online stores

New program offers B.C. businesses grants to build or expand online stores

VICTORIA — The British Columbia government is introducing a new grant program to support small and medium-sized businesses in expanding or pivoting to online sales.
Revised Dorel privatization proposal gets thumbs down from advisory firm Glass Lewis

Revised Dorel privatization proposal gets thumbs down from advisory firm Glass Lewis

MONTREAL — Investor advisory firm Glass Lewis is recommending Dorel Industries Inc. shareholders vote against a revised proposal to take the company private. The advisory firm calls the amended proposal price pump to $16 per share from $14.

Stingray Q3 profit up 11 per cent despite COVID-related hit to radio revenues

MONTREAL — Stingray Group Inc. reported a third-quarter profit of $14.1 million, which grew from a profit of $8.1 million in the same quarter a year earlier.