Business
CRA reverses course, exempts bare trusts from new regulations
In a pre-Easter act of generosity, the Canada Revenue Agency on Thursday announced that bare trusts will be exempt from trust reporting requirements for 2023. This will come as a huge relief to thousands of Canadians who ...
US may soon unveil list of Chinese chip factories barred from receiving tech
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) - The Biden administration is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said, to make it easier for ...
Automotive computer chip maker NXP rolls out new platform
AMSTERDAM (Reuters) - NXP Semiconductors NV, the biggest maker of computer chips for cars, on Thursday said it had introduced a new platform that will simplify and speed up software development for its customers. The platform, which integrates ...
US, Mexico to partner on semiconductor supply chain development
WASHINGTON (Reuters) - The United States will partner with Mexico to explore semiconductor supply chain opportunities, the State Department said on Thursday, as the Biden administration pushes to reduce reliance on China and Taiwan for the ...
General Dynamics unit awarded $922 million IT infrastructure contract
(Reuters) - General Dynamics Information Technology (GDIT), a unit of General Dynamics, said on Thursday it was awarded a $922 million contract to modernize the U.S. Central Command's IT infrastructure. Under the contract, GDIT will use data ...
Chemours falls on weak quarterly sales forecast after internal review
(Reuters) - Chemours shares fell as much as 15.8% on Thursday, after the chemical company forecast downbeat first-quarter sales and revised some past financial results following an internal review into management misconduct. The review identified ...
Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports
(Reuters) - Apple's overseas suppliers have increased production of the company's new iPad models and plans to launch them in early May, Bloomberg News reported on Thursday citing people with knowledge of the matter. Apple's initial plan was to ...
Prices at the Pumps: Pump prognosis and pipepline politics
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New York City Retirement System to back Disney in boardroom battle with Trian, Blackwells
By Svea Herbst-Bayliss NEW YORK (Reuters) -The New York City Retirement System plans to vote in support Walt Disney CEO Bob Iger and the company's board, rejecting the nominees of two hedge funds, including Nelson Peltz's Trian, in a bruising ...
Kitchen sponge maker Scrub Daddy explores sale, sources say
By Abigail Summerville (Reuters) - Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on U.S. TV show "Shark Tank," is exploring options that include a sale of the company, according to people familiar with ...