Direct Loan Canada Blog

CIBC says it will appeal a New York court decision finding the Canadian bank liable for damages in a lawsuit brought by Cerberus Capital Management LP.
Source: ctv business
CIBC to appeal New York court liability ruling in Cerberus lawsuit

Twitter says it will ease up on its three-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year.
Source: ctv business
Twitter says it will relax ban on political advertising

Authorities on Wednesday ordered shopping malls and markets to close by 8:30 p.m. as part of a new energy conservation plan aimed at easing Pakistan’s economic crisis. The move comes amid talks with the International Monetary Fund.
Source: ctv business
Pakistan orders malls to close early amid economic crisis

Southwest Airlines is trying to make travelers who were caught in its surge of canceled flights over the holidays feel a bit better about the airline by giving them 25,000 frequent-flyer points.
Source: ctv business
Southwest apologizes, gives customers frequent-flyer points

Wall Street’s main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve’s interest-rate hiking path as they awaited minutes from its December meeting.
Source: ctv business
Wall Street starts the year with a dip; Apple, Tesla shares drag

A group of video game testers is forming Microsoft’s first labour union in the U.S., which will also be the largest in the video game industry.
Source: ctv business
Video game workers form Microsoft’s first U.S. labour union

Production at the world’s biggest iPhone factory, disrupted since October by China’s COVID-19 restrictions and worker protests, is now running at nearly full capacity, according to a Chinese state media report.
Source: ctv business
World’s largest iPhone factory bounces back from COVID disruption that hurt Apple

For the first time in years, Denmark hasn’t recorded a single bank robbery. There wouldn’t have been much point. Cash transactions in the Nordic country have become virtually obsolete, with Danes increasingly opting to use cards and smartphones for payments.
Source: ctv business
Danish banks were robbery-free in 2022, with criminals now going online

Strength in the industrial and utility sectors helped lead Canada’s main stock index higher, while U.S. stock markets fell in late-morning trading to start the year.
Source: ctv business
S&P/TSX composite up in late-morning trading, U.S. stock markets lower

FTX founder Sam Bankman-Fried will be arraigned in a Manhattan federal court Tuesday on charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
Source: ctv business
FTX founder Sam Bankman-Fried faces arraignment in New York