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Facebook reports jump in profits

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Facebook has reported a spike in profits in the third quarter on the back of increased advertising sales. The social media company reported net income was up 11% to $891m (£579m) for the period between July and September compared with $806m last year. Facebook also reported strong user growth in developing …

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TransCanada’s request to pause Keystone XL review rejected by U.S.

A depot used to store pipes for TransCanada Corp's planned Keystone XL oil pipeline in Gascoyne, North Dakota. The U.S. State Department says it will continue its review of the pipeline despite a request from TransCanada to pause the process.

TransCanada says it respects State Department’s decision The U.S. State Department has rejected TransCanada’s request to put the review of the proposed Keystone XL pipeline on hold. Spokesman John Kirby said the department wrote to TransCanada on Wednesday and “communicated our decision to continue our review.” TransCanada asks U.S. to …

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Apple makes $11B in Q4 on increased sales of iPhones

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Greater China now a larger market than Europe for Apple sales The tech giant reported earnings of $1.96 a share or $11.12 billion US, surpassing analysts’ expectations of about $1.88 a share. Apple also reported strength in China, where the new version of the iPhone didn’t go on sale until …

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Alberta to loosen purse strings to stimulate economy

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Finance Minister Joe Ceci says his message to businesses is ‘2016 looks better than 2015’ Alberta’s NDP government hopes a spending stimulus will boost the economy and help the province climb out of a record $6.1-billion deficit. At the same time, the government will hike the markup on alcohol, increase cigarette …

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