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Toronto named number 2 centre of business
PwC’s Cities of Opportunity study ranks 26 global centres of finance, business and culture; New York City places first
Category: Business
Post 9/11 security changes that transformed industries seem sure to outlive bin Laden
By ILSTV Staff on May 05, 2011 in Business
Osama bin Laden’s death won’t reverse the transformation of business that followed the Sept. 11 attacks
Green marketing could pay off for financial services firms in a post-recession world
Survey respondents feel good about working with financial services firms that invest in eco-friendly solutions, but cynicism remains
Saskatchewan privacy commissioner dumpster dives to recover medical files
Dumpster diving isn’t something Saskatchewan’s privacy commissioner makes a habit of, but this time Gary Dickson says he was left with little choice. Dickson and two assistants had to wade through a massive recycling dumpster this week to recover medical files. They sorted through paper more than 1 1/2 metres deep after getting a tip [...]
French watchdog gives Google first ever fine over Street View privacy breaches
By ILSTV Staff on Mar 22, 2011 in Business
Google received its first ever fine for improperly gathering and storing data for its Street View application on Monday when it was penalized by France’s privacy watchdog. The C100,000 ($141,300) penalty – the largest ever by French body CNIL – sanctions Google for collecting personal data from Wi-Fi networks – including emails, web browsing histories [...]
Japan disaster shows manufacturers’ vulnerability to disruptions in their supply routes
The disaster in Japan has exposed a problem with how multinational companies do business: The system they use to keep supplies rolling in is lean and cost-effective – yet vulnerable to sudden shocks. Factories, ports, roads, railways and airports in northern Japan have been shut down or damaged because of the stricken nuclear plant in [...]
Japan quake, tsunami fuel worries about economy amid ballooning debt, halted production
Cars lie scattered at a port, a nearby oil plant spews clouds of smoke and shattered factories burn in northeastern Japan – signs of the dire hit the nation’s economy is taking from a devastating earthquake and tsunami that has killed thousands. The 8.9-magnitude tremblor that struck Friday triggered a wall of muddy waves that [...]
Banking Ombudsman reviews record number of financial consumer complaints
By ILSTV Staff on Mar 11, 2011 in Business
For the first time since it was established in 1996, the Ombudsman for Banking Services and Investments (OBSI) reviewed over one thousand consumer complaints in a single year. OBSI said in 2010, it opened 1,024 case files, an increase of 3.4% from 2009. While it was a greater overall number, OBSI said it was a [...]
Half lacking family business succession plan
By ILSTV Staff on Feb 16, 2011 in Business
Family firms around the world are confident about their future prospects, but many aren’t doing enough to prepare themselves for the years ahead. Nearly half still don’t have a succession plan and of those that do, only 50% have decided who will take over the top job. These are just some of the findings of [...]
Handling Sales Objections: Build Value
View the video here on your mobile device. Handling Sales Objections with Todd Hochban (Part 2 of 6) Build Value When prospects object they are often telling you that they do not see the value in your product or service. One way to deal with objections then is obvious: build value. Ensure you have outlined [...]
Green Bay won the game, but who won the Super Bowl ad contest?
The Green Bay Packers have won Super Bowl XLV but the real winners are still to emerge, as television viewers and marketing gurus will choose their favourite commercials of the telecast. Fox aired the game and charged about USD $3 million for 30 seconds of ad time during the football final. While that kind of [...]
Andrew Rankin looking to alter OSC bans related to insider trading case
Andrew Rankin, the Bay Street trader who was cleared of insider trading charges in 2006, is seeking to change a ruling by Ontario Securities Commission that barred him from trading for 10 years. Rankin has applied to the OSC for a “variation or revocation” of the 2008 decision that also permanently banned him from working [...]
IBM Celebrates 100 Year Anniversary
View the video here on your mobile device. 2011 Marks the 100 year anniversary of IBM The company began as the Computing Tabulating Recording Corporation, or CTR, which was incorporated in New York City on June 16, 1911. It sold punched card equipment, commercial scales and time recording devices. Thomas J. Watson, Sr., became head [...]
Cost and disclosure top considerations for going public
By ILSTV Staff on Feb 01, 2011 in Business
Is public better? Accounting, business advisory and consulting firm RMS Richter says that while the prospect of being a publicly traded company is seductive, companies need to stop and consider the true cost of conversion which goes beyond cash, to disclosure, resources and changes in reporting standards. “Being a public company is drastically different from [...]
This Data Privacy Day, remember that the Internet never forgets
By ILSTV Staff on Jan 28, 2011 in Business
January 28 marks Data Privacy Day and there’s never been a better time to protect your personal information online. “There are nearly two billion people now using the Internet,” Canada’s Privacy Commissioner Jennifer Stoddart noted in a message. “That’s two billion people who can potentially access information about you with the click of a button.” [...]
AMF files 123 charges against former insurance representative
The Autorité des marchés financiers (AMF) has launched penal proceedings against eight individuals in connection with the matter of Progressive Management Limited and is seeking fines totaling $2,155,000. The AMF filed 123 charges against Jacques Caya, a former insurance of persons representative, who it alleges illegally pursued activities as a securities dealer on 64 occasions, [...]
Jewelry Insurance
View the video here on your mobile device. Since 1964 Harling’s Jewellers has been known for not only their exquisite jewelry, but their jewelry insurance services as well. ILSTV sat down with Carol Cheney, Harling’s Director of Insurance Services to learn more about this aspect of their business. Carol Cheney: We started out as a [...]
Canadian businesses pay $30 billion annually in compliance costs
By ILSTV Staff on Jan 18, 2011 in Business
A report by the Canadian Federation of Independent Business (CFIB) estimates that regulation costs Canadian businesses a staggering $30 billion each year in compliance costs alone, the brunt of which is being felt by the smallest firms. Whereas businesses with more than 100 employees spend a yearly average of $1,117 per employee to comply with [...]
Ontario regulator seeks feedback on potential shareholder rights changes
The Ontario Securities Commission is pushing ahead with a review of potential changes that would protect shareholders’ rights and could see it become the first Canadian regulator to implement changes such as a mandatory “say-on-pay” policy. “Shareholder democracy has attracted considerable public attention in Canada and other countries, and OSC staff are reviewing our regime [...]
