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Canada banks under review on ‘upselling’

  Bloomberg The Financial Consumer Agency of Canada will review the business practices of the country’s banks after reports of tellers allegedly pressuring customers to buy products to meet sales goals. The federal agency, which seeks to ensure financial institutions comply with consumer-protection measures, said Wednesday its next review would begin in April and focus on banks’ practices around express ...

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Swiss watchmakers go ‘smart’ to attract young shoppers

  Bloomberg Swiss watchmakers are diving further into the unproven smartwatch market, with Montblanc, TAG Heuer and Tissot seeking to attract younger shoppers with a technology the industry largely snubbed until consumers began turning away from traditional timepieces. TAG Heuer recently unveiled the new generation of a $1,650 smartwatch it makes with partners Google and Intel. Montblanc followed with the ...

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Lessons from Yahoo hack

  NEW YORK / AP Many people are still not taking routine precautions to safeguard their email accounts — and hackers are exploiting that. According to US officials who filed charges in a massive Yahoo break-in, Russian hackers didn’t have to work very hard to break into people’s email accounts, even those belonging to government officials or powerful executives. You ...

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