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Facebook anticipates an FTC privacy fine of up to $5 billion

Facebook anticipates an FTC privacy fine of up to $5 billion

SAN FRANCISCO — Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy.
Occidental tries to outbid Chevron for Anadarko Petroleum

Occidental tries to outbid Chevron for Anadarko Petroleum

NEW YORK — A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron's deal announced earlier this month, a rare move not often seen in the U.S. oil industry.

Canfor Corp announces production cuts as supply and price issues continue

VANCOUVER — Canfor Corp. has announced another temporary cutback in production due to low lumber prices and the high cost of wood supplies.
Cenovus CEO estimates production curtailments will deliver billions to taxpayers

Cenovus CEO estimates production curtailments will deliver billions to taxpayers

CALGARY — The Alberta government's oil production curtailment program will deliver billions of dollars in benefits to taxpayers this year thanks to stronger crude prices, the chief executive of Cenovus Energy Inc. said Wednesday.

TD Ameritrade's growth slows as market hits new highs

OMAHA, Neb. — The stock market has scaled new heights, but that meant that online brokerage TD Ameritrade saw a decline in trading activity in the first three months of the year.
Boeing's troubled jet is costing $1 billion to fix so far

Boeing's troubled jet is costing $1 billion to fix so far

Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people.
Microsoft's cloud growth pleases Wall Street

Microsoft's cloud growth pleases Wall Street

REDMOND, Wash. — Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday.

The Latest: Tesla posts Q1 net loss of $700M

SAN FRANCISCO — The Latest on Tesla's first quarter earnings (all times local): 2:15 p.m. Tesla posted a $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning. The company lost $4.
Toronto stock market, loonie fall  on dovish Bank of Canada outlook

Toronto stock market, loonie fall on dovish Bank of Canada outlook

TORONTO — The Bank of Canada's more dovish outlook Wednesday drove the loonie to a near four-month low and helped to pull the Toronto stock market down from its record high. The Canadian dollar traded at an average of 74.

Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,586.52, down 82.88 points ). Cenovus Energy Inc. (TSX:CVE). Energy. Down 27 cents, or 1.93 per cent, to $13.74 on 10.3 million shares.