May 21st, 2018

Business

Miss America taps women for leadership spots

By Wayne Parry, The Associated Press on May 17th, 2018

ATLANTIC CITY, N.J. – The Miss America Organization is putting women in its three top leadership positions following an email scandal involving former male leaders of the scholarship group. The organization tells The Associated Press it is appointing Regina Hopper as president and CEO of the Miss America Organization, and Marjorie Vincent-Tripp as chairwoman of ... Read More »

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Toshiba’s chip sale to consortium wins regulatory approval

By The Associated Press on May 17th, 2018

TOKYO – Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China. Toshiba said Thursday that means the deal, valued at 2 trillion yen ($18 billion), can ... Read More »

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Enbridge offers $11.4 billion in stock to investors in four affiliate companies

By The Canadian Press on May 17th, 2018

CALGARY – Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices. If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one ... Read More »

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Enbridge offers $11.4-billion in stock to investors in four affiliate companies

By The Canadian Press on May 17th, 2018

CALGARY – Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices. If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one ... Read More »

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Major U.S. investors keeping eye on Canada as Trudeau pushes trade in Manhattan

By Mia Rabson, The Canadian Press on May 17th, 2018

NEW YORK – Prime Minister Justin Trudeau will work the room at a business luncheon in Manhattan today on the merits of free trade and global economic co-operation, just as word starts to sink in that efforts to conclude NAFTA talks before the end of this week are likely to fail. Trudeau will spend the ... Read More »

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Hundreds of Fort McMurray insurance claims unresolved two years after wildfire

By The Canadian Press on May 16th, 2018

FORT MCMURRAY, Alta. – Deadlines have been extended for hundreds of insurance claims that remain unresolved more than two years after a wildfire dubbed “The Beast” tore through Fort McMurray and surrounding areas in the Regional Municipality of Wood Buffalo. “This is unprecedented, not just for the people of Wood Buffalo, but for our industry,” ... Read More »

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HSBC discounts variable mortgage rates as competition intensifies

By The Canadian Press on May 16th, 2018

TORONTO – HSBC says it is discounting its variable mortgage rate starting Thursday to a level that undercuts the recently discounted rates of other major banks, as competition in the space intensifies. The bank says it will offer a five-year variable closed rate of 2.39 per cent, down from 2.49 per cent and 1.06 percentage ... Read More »

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Hundreds of Fort McMurray insurance claims unresolved 2 years after wildfire

By The Canadian Press on May 16th, 2018

FORT MCMURRAY, Alta. – Some 900 insurance claims remain unresolved two years after a wildfire dubbed “The Beast” tore through the city of Fort McMurray and the surrounding area. The ferocious fire in May 2016 consumed 10 per cent of the buildings in the northeastern Alberta city and forced 88,000 people from their homes for ... Read More »

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Commodity stocks help Toronto index close higher; Loonie moves higher

By The Canadian Press on May 16th, 2018

TORONTO – Commodity stocks helped Canada’s main stock index swing to a slight gain Wednesday after the market opened lower, while U.S. markets closed higher. The Toronto Stock Exchange’s S&P/TSX composite index closed up 10.25 points at 16,108.06, led by mining stocks. In New York, the Dow Jones industrial average ended up 62.52 points at ... Read More »

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Victoria lands top spot on Christie’s luxury housing markets list

By The Canadian Press on May 16th, 2018

Victoria, B.C. has landed the top spot on Christie’s global list of hottest luxury housing markets. The real estate arm of the famed auction company says strong year-over-year sales growth and high domestic demand for housing catapulted the Vancouver Island community to lead a list of cities around the world on the annual list. Trailing ... Read More »

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Zuckerberg to meet EU officials – dodging public grilling

By Raf Casert, The Associated Press on May 16th, 2018

BRUSSELS – Facebook CEO Mark Zuckerberg is expected to speak with leaders of the European parliament next week about the data protection scandal that has engulfed his company – but might avoid a public testimony like the one he endured in the U.S. The EU and British parliaments have been calling for Zuckerberg to submit ... Read More »

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