Direct Loan Canada Blog

Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16 per cent of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.
Source: ctv business
Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

The European Union on Thursday demanded Meta and TikTok detail their efforts to curb illegal content and disinformation during the Israel-Hamas war, flexing the power of a new law that threatens billions in fines if tech giants fail to do enough to protect users.
Source: ctv business
EU demands Meta and TikTok detail efforts to curb disinformation from Israel-Hamas war

Canadians lost more than $161 million to investment scams over the first six months of this year, most of which involved cryptocurrency, according to the Canadian Anti-Fraud Centre.
Source: ctv business
It seemed like fast, easy money. By the time he realized it was a scam, it was too late

Arthur Irving is no longer the chairman at Irving Oil, but rather holds the title of chairman emeritus, meaning he will maintain an advisory role for the board.
Source: ctv business
Arthur Irving no longer chairman of Irving Oil, retains advisory role for the company

Netflix on Wednesday disclosed summertime subscriber gains that surpassed industry analysts’ projections, signalling the video streaming service’s crackdown on password sharing is converting former freeloaders into paying customers.
Source: ctv business
Netflix’s password-sharing crackdown reels in subscribers as it raises prices for its premium plan

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose eight per cent compared with August.
Source: ctv business
CMHC reports annual pace of housing starts up in September

Air Canada’s share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates.
Source: ctv business
Air Canada stock slides to one-year low despite frothy summer profits

The 1985 Domino’s Pizza delivery car looks more like it was designed to shoot down invading alien spacecraft than to bring you a hot delicious pepperoni pie. But back in the ’80s, Domino’s founder Tom Monaghan ordered 10 Tritan A2 cars and customized them with warming ovens in the back to deliver pizzas around Ann Arbor, Michigan, where Domino’s is headquartered.
Source: ctv business
This 1980s Domino’s delivery car looks like a spaceship, and you can buy it

Shares of United Airlines tumbled more than 7 per cent on Wednesday morning and took the rest of the industry down with them after the carrier gave a gloomy outlook for fourth-quarter profit, which will be reduced by rising jet fuel prices.
Source: ctv business
Shares of United Airlines plunge on sour outlook for 4Q profit because of rising fuel prices

United Airlines will start boarding passengers in economy class with window seats first starting next week, a move designed to reduce the time planes spend sitting on the ground.
Source: ctv business
United Airlines rolling out plan that lets passengers in economy class with window seats board first