You are here

Business

Facebook plans its own currency for 2 billion-plus users

SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too.

The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms.

Documents detail concerns over mine

MINNEAPOLIS—Documents that the federal Environmental Protection Agency tried to keep confidential show that its staffers criticized how Minnesota regulators drafted a key permit for the planned PolyMet copper-nickel mine, and concluded that the permit would violate federal law because it lacked pollution limits based on the state's water quality standards.

Norbord to indefinitely suspend operations at central B.C. mill on supply issues

TORONTO — Norbord Inc. says it plans to indefinitely suspend operations at its mill in 100 Mile House, B.C., because of “extraordinary circumstances” in the region.

The wood products company says the planned August curtailment will affect about 160 employees at the oriented stand board mill.