If share prices of U.S. tech giants continue to decline, American taxpayers may have reason to be bitter about out how some industry leaders spent their tax-cut windfalls that were supposed to help create jobs.
Much of the New York City neighbourhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone" created by President Donald Trump's tax overhaul, offering developers potentially millions of dollars in capital gains tax breaks.
West Fraser Timber Co. Ltd. says it will permanently curtail about 300 million board feet of lumber production at two mills next year, affecting 135 employees. The curtailments at its Fraser Lake and Quesnel sawmills will be achieved through the elimination of third shifts.
Vaping giant Juul Labs Inc. is stopping its sales of some e-cigarette flavours in U.S. stores to deter use by kids and teens, but is not doing the same in Canada.
Stelco Holdings Inc. says it earned $125 million in the third quarter for a sharp rebound from the $30-million loss it reported in the same quarter last year.