UPDATE 2-Canada telecoms regulator: Big players must share fiber-optic networks GATINEAU, Quebec, July 22- Canada's telecommunications regulator decided on Wednesday that the country's biggest providers must share their' last mile' fiber-optic connections, a move cheered by smaller rivals currently only granted access to the large companies' older infrastructure. The decision will affect big phone companies such as BCE Inc more than...
| By: Randall Palmer
UPDATE 1-Canada telecoms regulator: Big players must share fiber-optic network GATINEAU, Quebec, July 22- Canada's telecommunications regulator decided on Wednesday that the country's biggest providers will have to share their fiber-optic network connections, a boost to smaller rivals that are currently only allowed to use the large companies' older infrastructure. The decision is seen affecting big phone companies- principally BCE...
| By: Randall Palmer
Greek vote, Fed dents Treasurys Treasurys fell Thursday after Greece's parliament voted for reforms to secure a bailout and hawkish comments from Federal Reserve chief Janet Yellen.
| By: Dhara Ranasinghe
UK steps up efforts to help new banks, rejects tax critics The government surprised banks earlier this month by announcing a new 8 percent surcharge on profits from January, sending shares in new banks like Aldemore, Virgin Money and Shawbrook tumbling. A levy on the balance sheets of large banks like HSBC would, however, be slashed and the basic corporate tax rate for all lenders cut as well. She said it was important to...
| By: Huw Jones
Employee or contractor? Labor seeks to clarify rules That could spell trouble for sharing-economy firms such as Uber and TaskRabbit, which rely on independent workers, often for short-term projects. It comes amid a wave of lawsuits against companies such as FedEx, ride-hailing service Lyft and online cleaning service provider Handy, brought by workers who say they should have been treated as employees rather...
Source: The Associated Press
| By: By CHRISTOPHER S. RUGABER, AP Economics Writer
UPDATE 1-Supermarket chain Albertsons files for U.S. IPO Albertsons is owned by private equity firm Cerberus Capital Management LP. Cerebus bought Safeway and merged it with Albertsons earlier this year, creating the second-largest U.S. supermarket chain by number of stores after Kroger Co.. Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch, Pierce, Fenner& Smith are underwriting the IPO, the company said in...
Microsoft set to reveal major job cuts Microsoft plans to announce a major new round of layoffs as early as Wednesday, as the company seeks to further cut costs amid a shifting technology landscape, the New York Times reports.
Source: The New York Times
| By: Nick Wingfield
'Grexit' tips over to base case for many big banks LONDON, July 6- Greece leaving the euro zone has tipped over to become the base case for many international bank economists after Sunday's overwhelming' No' vote against further austerity imposed by creditors. A Reuters poll of more than 70 economists published a week ago, just before Greece defaulted on a 1.6 billion euro payment to the International Monetary...