Tag: sources

Google News’ bias skewed even further left in 2023 — 63% from liberal media sources, only 6% from the right: analysis

Google’s already left-leaning news aggregator platform Google News skewed even more off the charts in 2023, according to a recent analysis.

Media company AllSides’ latest bias analysis found that 63% of articles that appeared on Google News over two weeks were from left-leaning media outlets — a 2% increase from 2022, when 61% of articles on the aggregator were from liberal outlets.

By contrast, the number of right-leaning news sources picked up by Google News in 2023 was 6%, a relative improvement from the paltry 3% the previous year.

After looking at roughly 500 articles curated on Google News’ homepage, AllSides found that 16% come from left-leaning CNN, while 12% came from the equally liberal New York Times.

Of the top 10 news sites Google News aggregates from, eight of them lean left — including Yahoo! News, CBS, Associated Press and NBC, according to AllSides.

Media company AllSides’ latest bias analysis found that 63% of articles that appeared on Google News over a two-week period were from leftist media outlets last year versus just 6% on the right. AllSides

The only two that don’t skew towards Democratic audiences: Reuters, which AllSides considers center, and conservative outlet Fox News.

Out of the 500 articles AllSides analyzed, just 6%, or 30, linked back to Reuters. Even less — 5%, or 25 articles — were originally posted on Fox’s website.

More concerning data showed that Google News consistently displayed articles with a left lean than right on six hotly-debated topics: abortion, climate change, economy, election, immigration and Biden.

The search engine’s already left-leaning news aggregator platform Google News skewed even more off the charts. IB Photography – stock.adobe.com

For all search terms except “immigration,” stories aggregated from progressive outlets accounted for over half of the results, according to AllSides.

Outlets on the right

Rexall pharmacy chain put up for sale as American owner rethinks Canadian footprint, sources say

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A Rexall store in Toronto, on Sept., 9, 2020.Christopher Katsarov/The Globe and Mail

Rexall’s American owner is shopping the pharmacy chain to prospective buyers, according to sources, as McKesson Corp. reconsiders its Canadian footprint after a 15-year expansion.

Texas-based McKesson Corp. is a distribution giant for the pharmaceutical industry, and the company took a particular interest in Canada starting around 2008. Initially, McKesson Corp. expanded by acquiring independently owned pharmacies, but it made a major splash in 2016 with the acquisition of Rexall from the Katz Group Canada Ltd. for $2.9-billion.

Eight years and a pandemic later, McKesson Corp. is looking to unload Rexall and has been in contact with prospective buyers, according to two sources familiar with the sale process. Rexall operates roughly 400 pharmacies and employs around 8,000 people. In an email to The Globe, McKesson said it does not comment on rumours or speculation.

The Globe and Mail is not identifying the sources because they are not authorized to speak publicly about the matter.

Although McKesson Corp. is exploring a sale, there is no guarantee a deal will be completed. The pool of potential buyers includes rival chains who want to expand their footprints as well as private equity firms, many of whom are flush with cash. If a sale is completed, McKesson Corp. could remain a Rexall partner by supplying the chain through its pharmaceutical distribution arm.

The pharmacy business is a challenging one in Canada because governments regulate drug prices, particularly generic versions of medicines that have lost their patents. Operational costs have also jumped because of inflation, and a pharmacist shortage in some parts of the country has created logistical challenges.

McKesson Corp. struggled with Rexall’s profit margins early in its ownership. Shortly after the acquisition closed, Canada

Lazard downsizing financial advisory team in Canada, sources say, as investment banks pull back

Global investment bank Lazard Ltd. LAZ-N is cutting back its Canadian financial advisory business, announcing job losses for a 12-person team in Toronto on Wednesday, according to three sources with knowledge of the decision.

The cuts will significantly reduce the ranks of Lazard’s investment bankers who advise on deals in Canada, the sources said, though the bank plans to maintain an asset management business in the country. Staff in Toronto were told of the decision on Wednesday, two sources said.

The Globe and Mail is not identifying the sources because they are not authorized to discuss the decision publicly.

Lazard spokesperson Judi Mackey declined to comment.

New York-based Lazard opened its Canadian office in 2016, and its advisory bankers in Toronto covered sectors that include retail, financial institutions, health care, energy, private equity, real estate and technology. The Canadian office is led by Timothy Loftsgard, who joined the company in 2017 after 18 years at Royal Bank of Canada, specializing in mining and metals.

Lazard is scaling back an already small staff in Canada as a number of the world’s most prominent investment banks are pulling back on Canadian coverage. And that trend looks likely to continue with the future of Credit Suisse in Canada up in the air after the Swiss bank’s forced merger with rival UBS Group.

Once the deal closes, UBS is expected to downsize Credit Suisse’s investment bank and focus on wealth management. UBS and Deutsche Bank have also scaled back operations in Canada in recent years, and British-based HSBC Group is in the process of selling its Canadian operations to RBC.

Lazard hired established bankers with years of Canadian experience at larger domestic rivals, and part of its pitch to Canadian clients has been the global reach and connections it could offer to them. Its

BofA, Citigroup trim investing banking headcount in Asia -sources

HONG KONG, March 4 (Reuters) – Lender of The usa (BAC.N) and Citigroup (C.N) have slash some financial investment banking jobs in Asia, folks familiar with the matter advised Reuters, joining world wide peers in paring headcount as China dealmaking slows.

Financial institution of The united states (BofA), which is shrinking its investment banking company globally, did absent with all over half a dozen Hong Kong-based employment on Thursday, two men and women acquainted with matter claimed.

David Lam, a managing director in BofA’s Greater China equity cash marketplaces crew, and Kevin Yang, a taking care of director in the bank’s China financial commitment banking staff were being among individuals laid off, they mentioned.

Lam verified his departure when contacted by Reuters. Kevin Yang could not instantly be arrived at for comment on Saturday.

Citi on Thursday trimmed 4 jobs from its China financial commitment banking staff, stated a single of the two individuals and a separate human being. The Wall Road lender is laying off fewer than 1% of its workforce globally, people today acquainted with the matter have mentioned.

BofA and Citi both equally declined to remark on layoffs involving investment decision bankers in Asia. All sources were being not authorised to discuss to media and declined to be named.

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The number of the banks’ remaining China-targeted financial commitment bankers could not immediately be figured out.

Right after document dealmaking activity in 2021, M&A volumes and inventory floats globally tumbled final year as volatility in cash marketplaces and geopolitical tensions took their toll.

China-associated discounts ended up specifically really hard strike as severe COVID-19 curbs, lifted only late in the year, hammered the financial system.

Other major financial institutions that have trimmed Asia headcount include things like Goldman Sachs (GS.N)

Tiny Business Sources Cafe

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