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Microsoft takes Apple's business news snap

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Microsoft's big cloud computing bidding is paid because Apple surpassed Apple as the world's most valuable public trading company.

Software makers' prospects looked faded only a few years ago, as the Windows system licenses dropped sharply with PC sales.

But under CEO Satya Nadella, Microsoft has found stability by focusing on software and services over the Internet or the cloud, with long-standing business contracts.

The 1990s Powertrain has a Renaissance moment because it blurs Facebook, Google, Amazon and other tech gifts in the late decade.

Apple was the most advanced company in the world, since it has taken the first place in Exxon Mobil at the beginning of this decade. Microsoft has surpassed Apple several times this week but did not close until Friday. Microsoft was not at the top of the dot-com boom level in 2000.

Microsoft has again become a major candidate because Apple stocks recorded a sharp drop this month, while Microsoft did nothing worse than the rest of the stock market. But the fact that he has not done badly is the reflection of constant focus on business clients in recent years.

Microsoft lost glory as people erased computers in favor of smartphones. In 2013, PC sales rose by 10 percent to around 315 million, which is the worst decline compared to last year, according to research firm Gartner and IDC. It did not help that Microsoft's efforts to make computers more like phones, Windows 8, were widespread.

But the turnaround began when Redmond's company in Washington promoted Nadel as executive director in 2014. Microsoft's long-time CEO Steve Ballmer succeeded, initially laughing at the idea that people would be willing to pay $ 500 or more for Apple iPhones.

That bet paid off. Windows is now a negligible part of Microsoft's business. While the company is still running consumer-focused businesses such as Bing Search and Xbox games, the championship had business-focused services such as its email and other workplace programs, as well as newer plugins such as LinkedIn and Skype . But its greatest growth occurred in the cloud, especially the cloud platform called Azure. Cloud computing now has more than a quarter of Microsoft revenue, and Microsoft is a rival of Amazon as the leading provider of such services.

Analyst Wedbush Dan Ives said that Azure is still in the early days, which means there is plenty of room for growth, especially with regard to a large customer base for Office and other products.

"While the technological crash was seen last month was brutal, stocks (Microsoft) are still holding like the Rock of Gibraltar," he said.


November 30, 2018 / 11:02 | Story:

Alberta has taken steps to ban employers from requiring people to wear high heels at work.

Labor Minister Christina Gray says the province has amended the Health and Safety Code which currently allows employers to wear high shoes.

"Our government has the back of every worker, and today we are also dealing with our feet," Gray said on Friday.

Ontario and British Columbia forbade the mandatory high heels of 2017, and Manitoba did this year. Alberta's changes take effect on January 1st.

Gray said she had heard of servers who said that high heels caused the pain and placed them at risk of falling and falling.

Lisa Caputo, co-owner of Food Bistro in Edmonton, said her previous experience in the catering industry had two heels.

"Almost half of my industrial career in the workplace that required insecure and unpleasant footwear left my feet in the form of diamonds I wear eight to 10 o'clock," she said.

He had not had to wear a heel for eight years, but he still feels the pain in his legs, she said.

"Working in an environment where appearance and clothing serve and feed, you lose self-confidence as a woman," Caputo said. "You are a pretty object and that is what we felt like."

Gray said no one should be forced to wear any type of shoe that could cause health or safety problems. He said the amendment would bother all employers in every sector to seek workers who use shoes that could pose risks.

"Women still have a choice to wear high heels, but I can not force them, especially in unsafe work environments," she said.

November 30, 2018 / 10:44 | Story:

BRP dd has recorded record-breaking third quarter revenue of $ 1.39 billion, which is 14 percent more than last year, and somewhat above analysts' estimates, demand for service vehicles and Sea-Doos boosted sales growth.

The net revenue attributed to Quebec's shareholder companies, which makes Ski-Doo snow snow, recreational boats and off-road vehicles, was $ 90.3 million or 92 cents per share.

This amounted to $ 70 million or 67 cents per share in the third quarter last year, when it amounted to $ 1.23 billion.

The increase in revenue was mainly due to higher wholesale prices throughout the year and a favorable variation of the $ 31 million exchange rate.

Customized BRP earnings fell to $ 102.9 million or $ 1.04 per share, but far above analysts Thomson Reuters Eikon of 98 cents per share.

Chief Executive Officer Jose Boisjoli said the company Can-Am off-road first recorded sales growth from the last year to the middle of 20 percent in the sector that grew in one digit. Strong demand fueled revenue for products over the year to $ 562 million, an increase of 21 percent in its largest product category.

Meanwhile, Sea-Doos drove the third quarter sales surge by 30 percent more than last year, Boisjoli said at a conference call with investors on Friday.

BRP shares jumped about six percent in mid-morning trading at the Toronto Stock Exchange, rising to $ 46.77, as the company kept the top of its instructions – it was twice raised in 2018.

BRP expects normalized earnings per diluted share for the year to grow by 30 to 35 percent over the previous year, with growth from earlier forecasts to grow by 24 to 30 percent.

This year's acquisition of AlumaCraft Boat Co and Manitou Pontoon Boats helped raise Marine products revenue by 30 percent to $ 139 million.

Aluminum fishing boats and pontoon – unplanned lines for BRP – make up more than half of the US shipyard, Boisjoli said, as the company throws its line for 700 million fishermen worldwide.


November 30, 2018 / 10:39 | Story:

Sleeper Canada Canada $ 88.7 million to buy a Canadian Mattress Starty Endy will not mean that the two will be merged or that the marker will cease selling Endy's bedding products to the box of competitors.

The Toronto-based sleeping ground announced on Friday that the two would operate separately and that the country would not be selling the Bloom mattress in the box it launched in May 2017.

"Bloom is not going anywhere, we sell it from our stores and sell it online and plan to continue," said David Friesema, chief executive of the sleeping area, at an interview with analysts. "It's one of the fastest growing products we've ever had in our history."

Friesema announced that Country Dream was interested in buying Endy – built by two friends who met with high school students in Calgary and disrupted the mattress industry when they launched their company in 2015 – because of the synergy between the two brands.

Despite Endy and his competing competitive competitive edge in the sleeping industry, Casper said Endy's purchase was not supposed to be a "defensive move".

"We have been watching and discussing for a while," Friesem said. "This is the right time to buy."

The executives said both companies wanted acquisitions, because they would benefit each of them. Endy will be able to take advantage of the logistics, warehousing and shipping security of the sleeping country, while the country of sleep can use Endy's e-commerce technology and digital marketing value.

They said that it is unlikely that Endy will land in Sleep Country stores, although they admit that executives talked about options, but decided to leave Endy's decision in the future.

Their partnership comes in the key time for both brands. The state of sleep has long been struggling with the "bed-in-box" competition and the growth of e-commerce. The Internet has launched an online sales offer for about a year now and keeps the eye on how it can strengthen its bricks and mortar and increase sleep sales.

Meanwhile, last year, Endy set him on track to announce $ 50 million in revenue this year, though challenged by competitors. Casper has grown aggressively in Canada and slowly opens up retail stores – Endy does not yet enter.

Friesema said Endy will continue to assess whether to jump in brick and plaster.

Rajen Ruparell, co-founder and president of Endy, added that the company is now focusing on increasing its online traffic, as 100 percent of sales were generated through e-commerce.

He also said that the company with 38 employees was devoted to remaining "leaner and more efficient".

November 30, 2018 / 5:40 pm | Story:

The pace of economic growth in Canada slowed down in the third quarter, as investments in business investment went lower and household consumption growth slowed down.

Canada's statistics say the Canadian economy grew at an annual level of 2.0 percent in the quarter.

This is compared with the annual rate of 2.9 percent in the second quarter.

The result corresponds to the expectations of economists, according to Thomson Reuters Eikon.

The move came as a surplus investment in buildings and engineering structures fell by 1.3 percent as consumption in the oil and gas sector slowed down. Investments in machinery and equipment by companies fell by 2.5 percent.

Meanwhile, household consumption growth slowed to 0.3 percent in the quarter, compared with 0.6 percent in the second quarter.

November 30, 2018 / 5:37 pm | Story:

Keep close friends … and close friends closer?

Instagram adds a feature that makes it easy to share photos and videos with less people.

The Close Friends feature allows users to share stories – photos and videos that disappear after 24 hours – with people who put a special list. The idea is that people feel comfortable sharing some things with close friends rather than with all followers.

Regular posts continue to show to everyone, although users have the option of pre-approval of followers. Facebook already allows people to merge audiences for individual posts, but Facebook did not have Instagram.

Social-media companies quickly realize that larger audience sizes for users can mean indecision for sharing more personal things. So, ways of communicating with smaller groups are added. That's why Facebook reinforces the Group's feature and why messaging applications are so popular.

November 30, 2018 / 5:27 | Story:

Information about as many as 500 million people staying at Starwood hotels is endangered, and Marriott says it has uncovered unauthorized access within its Starwood network since 2014.

The company announced on Friday that credit card numbers and expiration dates for some guests might take. For about 327 million people, the information displayed includes a combination of name, postal address, telephone number, email address, passport number, Starwood Preferred Guest account information, date of birth, sex, arrival and departure information, booking date and communication settings. For some guests, the information was limited to name, and sometimes to other information such as mailing address, email address, or other information.

The Marriott said that in September there was a violation of its database that had customer information regarding Starwood's 10th or early 10th reservation.

November 29, 2018 / 16:55 | Story:

Lyft has completed the acquisition of Motivate, the nation's largest bicycle exchange company.

The deal is part of driving based on San Francisco's goal, providing a range of transport options within one application and reducing the ownership of a particular car. Financial details were not disclosed.

Motivate manages bicycle systems in New York, Washington, DC, San Francisco, and elsewhere. Last year, 80 percent of cycling rides in the United States were on Motivate bikes.

Caroline Samponaro, head of bicycle, scooter and hiking policy for Lyft says the company plans to invest $ 100 million in New York to triple its bicycle fleet to 40,000 and doubled its track system.

Rival Uber bought the bicycle company Jump Bikes earlier this year. Uber also invested in Lime, a bicycle and scooter company.

November 29, 2018 / 10:33 | Story:

The MoneySense personal finance site was sold by Rogers Communications Inc. Ratehub Inc., for unpublished amount.

Ratehub is a Toronto-based company that has a website for comparison of financial products.

Its gets the bulk of the commission income paid by the company after it clicks readers to learn more about a particular product.

MoneySense was once a magazine with online presence. From 2016, it continues exclusively as a digital publication that attracts around 700,000 unique visitors per month.

Rogers Media President Rick Brace says in a statement that it is important to find a "good home" for MoneySense.

Ratehub and MoneySense previously collaborated to present a Canadian credit card comparison tool.

"We see this acquisition as a way to expand our partnership and bring Canadians more tools to compare in areas such as mortgages, investment and savings vehicles and insurance products," said James Laird, co-founder of Ratehub Inc. and President of CanWise Financial.

November 29, 2018 / 10:19 | Story:

Canada says it is on its way to sign a new North American free trade agreement at the margins of the G20 Summit in Argentina, but Foreign Affairs Minister Chrystia Freeland would not give a firm confirmation Thursday.

Freeland, speaking on a sunny garden at the hotel in Buenos Aires shortly after the Canadian delegation landed on Thursday, said details should be finalized on a "massive" three-way deal.

"Our goal was always signing this agreement on November 30, and we are on the road to achieve that goal," Freeland said.

Canada has been in contact with Americans and Mexicans since coming to Buenos Aires, she added.

"A large number of technical details should be cleaned and wrapped," she said. "The fact that this agreement in three languages ​​is added to the level of technical complexity and at that level that we are just sure that All are dots and all Ts have crossed."

The minister is part of the Canadian delegation attending the top G20 summit that begins Friday and attracts global attention to trade tensions between China and the United States.

The Liberal government also looks at the issue of international security after Canada and its allies condemned the seizure of three Ukrainian naval vessels near Crimea on Monday.

Freeland said she had talked with the Ukrainian Foreign Minister and was in close contact with other G7 countries on this issue.

He also said Ukraine is expected to be the subject of "strong talks" at the NATO summit of NATO foreign ministers in Brussels next week.

November 29, 2018 / 6:30 pm | Story:

Another award is on the way for Netflix Canada subscribers because the competition is warming up among the largest streaming video services.

The company behind "Narcos" and "Orange is the new black" introduces its biggest price increase for both new subscribers and current members.

Netflix's standard plan will now cost another three dollars – or $ 13.99 a month – to view content on two screens at one go.

The basic plan – which does not offer high definition video and only one stream – increases the dollar to $ 9.99 a month.

Premium subscribers pay another $ 3 – or $ 16.99 a month – for up to four simultaneous streams and 4K high definition video.

Netflix says rising prices are immediately effective for new subscribers, while existing users will be notified via email before their accounts increase in the upcoming weeks.

The company has recently increased the price for most plans for one dollar a year and a half ago.

Netflix says the move will help fund the upcoming TV series and movies, as well as overall improvements to Netflix's platform.

But the company is also facing intense competition next year as the number of running platforms on the Canadian market with attractive bids is growing.

Earlier this month, Bell Media introduced a higher level of its Streaming service that wants to showcase a number of recent Hollywood movies and new HBO programs. The package, called Crave +, costs $ 20 a month.

The following year, Disney jumped into the market with its own streaming platform. Disney + is expected to feature films and original series such as prequel for Star Wars: Rogue One and Marvel Superhero show based on Loki's "Thor" and "The Avengers".

Other platforms could also make progress, including a new service using Criterion specializing in classic movies and CBS All Access, which strengthens its library of original shows including "Tell Me A Story" and "Strange Angel".

November 29, 2018 / 5:34 | Story:

Consumers boosted their spending in September at the fastest pace in seven months, while their revenue grew to the highest in nine months. Both are good signs for future economic growth.

The Department of Commerce says consumption for consumers has risen by 0.6 percent last month. This was the largest increase in similar earnings in March and was three times faster than 0.2 percent in September. Revenues, which provide fuel for consumption, rose by 0.5 percent in October, which is a significant revenue gain of 0.2 percent in September.

The key consumer price-related inflation indicator recorded a growth of 2 percent in October compared to the previous year, which hit the 2 percent annual inflation target set by the Federal Reserve.

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