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Business News Summary Headlines

Company releases, economic news, and business coverage.

Strikes to hit French Guiana as tensions paralyze territory

PARIS - French Guiana faced a strike Monday over crime and economic difficulties, amid protests that have paralyzed the French territory in South America, halted flights and a rocket launch and prompted a U.S. travel warning.

The French government has sent an emergency mission to try to quell tensions in the territory of a quarter-million people before Monday's general strike by some 27 unions.

Monday, March 27, 2017 | 12:48 PM

AP Exclusive: Price tag of North Carolina's LGBT law: $3.76B

RALEIGH, N.C. - Despite Republican assurances that North Carolina's "bathroom bill" isn't hurting the economy, the law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to an Associated Press analysis.

Over the past year, North Carolina has suffered financial hits ranging from scuttled plans for a PayPal facility that would have added an estimated $2.66 billion to the state's economy to a cancelled Ringo Starr concert that deprived a town's amphitheatre of about $33,000 in revenue. The blows have landed in the state's biggest cities as well as towns surrounding its flagship university, and from the mountains to the coast.

Monday, March 27, 2017 | 12:33 PM

Canadian marijuana producers get boost on stock market after legalization reports

TORONTO - Canadian marijuana stocks got a boost Monday following reports that the federal government will introduce a bill next month that aims to legalize pot by July 1, 2018.

Shares of Canopy Growth Corp. (TSX:WEED) were up 10.12 per cent, or $1.00, to $10.88 per share in late morning trading on the Toronto Stock Exchange.

Monday, March 27, 2017 | 12:23 PM

Bill aimed at unreliable elevators appears to be getting some lift

TORONTO - A private member's bill that aims to tackle the major problem of unreliable elevators appears to have gained some traction on both sides of the aisle as the proposed Ontario legislation heads toward its first debate.

Both Consumer Services Minister Tracy MacCharles and Opposition Leader Patrick Brown praised the initiative.

Monday, March 27, 2017 | 12:22 PM

Ivanka Trump to attend women's economic summit in Berlin

WASHINGTON - Ivanka Trump is planning a trip to Germany to attend a summit on the economic empowerment of women, a senior administration official says.

The first daughter was invited by German Chancellor Angela Merkel during Merkel's recent White House visit, said the official, who was not authorized to discuss details of the trip by name and requested anonymity.

Monday, March 27, 2017 | 12:08 PM

Suncor says 2017 targets intact despite fire at Syncrude oilsands project

CALGARY - Oil production remains offline two weeks after a fire halted operations at the Syncrude oilsands mining complex in northern Alberta but its largest owner says it still expects to meet 2017 targets.

Suncor Energy Inc. (TSX:SU) said Monday it was still on track to meet its guidance issued in November of between 680,000 and 720,000 barrels of crude per day, in part because of strong results from its other oilsands and offshore assets. The company's forecast called for between 150,000 and 165,000 bpd this year from its 54 per cent stake in Syncrude.

Monday, March 27, 2017 | 12:03 PM

Saudis announce new tax rate for Aramco amid plans for IPO

RIYADH, Saudi Arabia - Saudi Arabia on Monday reduced the tax rate for Saudi Aramco as plans move forward to publicly list shares of the state-owned oil giant.

The new code, rolled out by royal decree from King Salman, taxes Aramco at 50 per cent on income retroactively starting Jan. 1.

Monday, March 27, 2017 | 12:02 PM

France's Total invests in $1.7 billion Texas energy site

PARIS - French energy company Total is launching a multi-billion-dollar petrochemical joint venture in Texas as it tries to profit from the "business-friendly environment" under the current U.S. administration.

The plan announced Monday in Paris is the company's largest-ever investment in petrochemicals, and part of its strategy to benefit from cheap shale gas in the U.S. and President Donald Trump's support for the energy industry.

Monday, March 27, 2017 | 12:01 PM

Justices won't hear appeal in music copyright dispute

WASHINGTON - The U.S. Supreme Court won't hear an appeal from record companies that want to pursue copyright infringement claims against music site Vimeo for hosting unauthorized recordings from the Beatles, Elvis Presley and other classic artists.

The rejection on Monday left in place a federal appeals court ruling that said websites are protected from liability even for older music recorded before 1972.

Monday, March 27, 2017 | 11:58 AM

Markets Right Now: US stocks dip in midday trading

The latest on developments in financial markets (All times local):

11:45 a.m.

Monday, March 27, 2017 | 11:58 AM