CBC Business News

Twitter Inc. on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10 per cent.

Two Sunwing employees accused of importing cocaine through Toronto's Pearson airport are among 11 people facing dozens of drug-trafficking charges after an undercover operation led by Kitchener RCMP and involving law enforcement in southern Ontario.

A new licencing process for legal cannabis producers in Canada limits the ability of smaller companies to attract investment, which could leave the fledgling industry dominated by companies with deep pockets or those who got a foot in the door prior to regulation changes in May, industry executives said.

The Ontario-based cannabis company that was caught by Health Canada for growing the drug in unlicensed greenhouses has fired its CEO and the chair of the board in a major corporate shakeup.

A California judge on Thursday reduced a $2 billion US jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer Roundup for their cancer to $86.7 million US.

A federal-provincial panel says a proposed northeastern Alberta oilsands mine would be in the public interest, even though it would be likely to significantly harm the environment and Indigenous people.

Based on the strong results, the Seattle-based coffee giant raised its full-year earnings guidance. It now expects adjusted earnings of $2.80 to $2.82 per share, up from $2.75 to $2.79. It also said it expects global same-store sales growth of 4 per cent, which is at the higher end of its previous forecast.

Enbridge Inc. said on Thursday it will consider rerouting its Line 5 oil pipeline after a First Nation in Wisconsin sued the company in a bid to get the pipeline moved off its reservation.

Alphabet Inc. on Thursday reported second-quarter earnings of $9.95 billion US. On a per-share basis, the Mountain View, California-based company said it had profit of $14.21, exceeding analysts' expectations.

Amazon.com Inc. on Thursday reported second-quarter earnings of $2.63 billion. The Seattle-based company said it had profit of $5.22 per share.

After more than two weeks of searching, provincial police believe they have found the missing helicopter piloted by Quebec entrepreneur Stéphane Roy. Roy and his 14-year-old son haven't been seen since July 11.

Staff at Export Development Canada were unaware that money it was lending to engineering giant SNC-Lavalin could have financed bribes in Angola, the Crown corporation said Thursday.

The Alberta government's move to cut corporate taxes from 12 to eight per cent has added more than $2 billion to second-quarter net incomes of major oilsands producers Suncor Energy Inc., Husky Energy Inc. and Cenovus Energy Inc.

Imperial Brands is the latest multinational company to step into the Canadian pot industry, signing a $123-million investment deal with Auxly Cannabis Group that includes a research and development partnership and gives the Vancouver firm the global licences to the British tobacco giant's vaping technology.

The European Central Bank rate-setting board left its key interest benchmarks unchanged at a policy meeting Thursday but said it could cut them as its next move. It also said it was telling staff to study ways to restart its bond-buying stimulus program in coming weeks.

A government spokesman says Chinese companies have expressed willingness to import U.S. farm goods as envoys prepare to meet next week for talks aimed at ending a tariff war. U.S. Treasury Secretary Steven Mnuchin said in Washington the countries will hold two days of talks soon.

Boeing's CEO says the company will consider temporarily shutting down production of the 737 Max if the plane's return is significantly delayed beyond the company's October forecast.

The Royal Navy will accompany "British-flagged vessels" through the Strait of Hormuz to defend freedom of navigation, after previously saying it did not have the military resources to do so.

In 1980 the disco roller-skating fad was going strong in Canada, where manufacturing the new boots was a multi-million dollar business.

Fake honey cut with corn syrup, rice, beet and other sugars is still pouring into Canada and onto grocery store shelves. Local producers have been abuzz about the food fraud for years.