Dozens of cab drivers filled the seats of Toronto City Hall as officials met to discuss regulations for Uber. “The fact is that technology has changed this business,” Toronto Mayor John Tory said Wednesday morning. “I have great sympathy for the plight of taxi drivers and others in the business because their business is being changed by technology.” Tory made the comments as he arrived at City Hall ahead of
CEO leaves company amid data hack that exposed account info Noel Biderman has stepped down as CEO of the Toronto-based infidelity website AshleyMadison.com and its parent company. Earlier this month, hackers released details of millions of email addresses, billing information and account details tied to the site. Biderman’s own emails were released as part of that breach. Avid Life Media Inc., the company that owns the site and many others, announced Biderman’s move in a short press
TORONTO — The Toronto Stock Exchange plunged Monday morning, part of a global downturn affecting markets around the world. The market’s benchmark S&P/TSX index was down about 348.39 points at 13,125.28 shortly before noon, representing a drop of 2.6 per cent from Friday’s close. Earlier in the day, the Toronto index traded as low as 12,705.17 points, down as much as 768.5 points or 5.7 per cent from Friday’s close.
New Google CEO Sundar Pichai joins elite league of Indian-origin people heading $400-billion business
NEW DELHI: As the new CEO of a re-organised Google, India-born Sundar Pichai has joined an elite league of over a dozen Indian origin persons holding top posts at global corporations with collective turnover of about $400 billion. In a significant restructuring at Google, Pichai has been named the new CEO of the technology giant after the company co-founder Larry Page announced the formation of a new umbrella firm Alphabet,
A fast processor and a big display won’t get you very far if your business phone is always running out of juice. That’s why long battery life is crucial for anyone who uses a smartphone for work. Before you buy your next mobile device, read on for the smartphones that couple great productivity features with serious longevity. Note: Numbers represent battery life with continuous Web browsing over Wi-Fi. Huawei Ascend
Concerns over Chinese sales latest woe to hit tech giant. Apple’s share-price implosion continued Tuesday over worries about iPhone sales in China, helping drive down broader stock markets. The tech giant’s stock closed 3.8 per cent lower at $114.64 (U.S.) on trading volume of 123 million shares, about three times normal. That continued a fall that gained pace in July when Apple said it sold fewer iPhones than expected in
Microsoft’s strategy is changing. After years of focusing on its Windows operating system, Microsoft makes clear in its 2015 financial filing with the SEC that the company is pursuing a more balanced strategy divided between Windows, its cloud offerings, and its productivity suite. In the document, Microsoft has an entire section titled “Our vision” that lays out the company’s top three priorities for research and development for the coming year.
Companies including Airbnb and Google compare themselves to civil rights heroes, while using their popularity among consumers to nullify federal law. In February, Airbnb chief executive Brian Chesky compared his firm’s defiance of local housing ordinances with that of Gandhi’s passive resistance to British rule. Meanwhile, a tweeter compared Uber to Rosa Parks, defying unjust laws. Chesky quickly backed down after widespread mockery. Companies acting out of self-interest comparing themselves
Evolving technology has dramatically changed the demographics of business owners, PwC has said. Stephen Moore, who leads PwC’s merger and acquisition business across Yorkshire, said the region is home to an increasingly diverse mid-market business community. He told The Yorkshire Post: “You see a huge diversity of businesses in that space, both in terms of the sector where they’re located and the age profile of owners in those businesses.” Since