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Netflix promotes content chief to co-CEO; adds 10M new subs

Netflix promotes content chief to co-CEO; adds 10M new subs

NEW YORK — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company's chief content officer, Ted Sarandos, as co-CEO.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,024.50, down 38.83 points.) Air Canada (TSX:AC). Industrials. Down 72 cents, or 3.96 per cent, to $17.48 on 6.9 million shares.
Q&A: What's behind the Twitter Bitcoin hack?

Q&A: What's behind the Twitter Bitcoin hack?

OAKLAND, Calif.
North American stock markets drop on economic uncertainty despite U.S. sales

North American stock markets drop on economic uncertainty despite U.S. sales

TORONTO — North American stock markets dropped Thursday after several days of gains amid uncertainty about the economic recovery despite strong U.S. retail sales.

Cogeco expects internet services to drive growth as customers work from home

MONTREAL — Cogeco Inc. expects to see overall growth in revenue, adjusted earnings and cash flow in its next quarter, which ends Aug. 31, but its executives said Thursday they can't predict over a longer term.
Women's participation in labour force reaches lowest level in three decades: RBC

Women's participation in labour force reaches lowest level in three decades: RBC

TORONTO — The COVID-19 pandemic has pushed women's participation in the labour force down to its lowest level in three decades and rebounding won't be easy, says a new study from the Royal Bank of Canada. The report Thursday shows 1.

Experts say Twitter breach troubling, undermines trust

HONG KONG — A breach in Twitter’s security that allowed hackers to break into the accounts of leaders and technology moguls is one of the worst attacks in recent years and may shake trust in a platform politicians and CEOs use to communicate with the

Office subleases are flooding the market in downtown Toronto: real estate firm

TORONTO — One commercial real estate company says it has seen a “spike” in vacant offices in downtown Toronto as businesses have struggled to sublet their expensive spaces. Jones Lang LaSalle IP Inc.
Bank of America sees recessionary impacts 'deep into 2022'

Bank of America sees recessionary impacts 'deep into 2022'

NEW YORK — Bank of America's second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic.
Tesla tries to assure workers there's no big virus outbreak

Tesla tries to assure workers there's no big virus outbreak

DETROIT — Tesla is trying to assure its 55,000 employees that there hasn't been a big coronavirus outbreak at company facilities worldwide, despite a report by an electric vehicle industry website that over 130 Tesla employees or contractors have tes