December 15th, 2018

Business

Oxford Properties acquires portfolio of office properties in Australia

By The Canadian Press on December 14th, 2018

TORONTO – Oxford Properties Group has acquired the Investa Office Fund, a portfolio of 19 properties in Australia, for $3.3 billion. The deal includes office buildings in Sydney, Melbourne, Brisbane, Perth and Canberra. The companies say Oxford and Investa will jointly manage the portfolio. Oxford plans to sell a number of non-core properties and has ... Read More »

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China suspends tariff hikes on $126B of US cars, auto parts

By Joe McDonald, The Associated Press on December 14th, 2018

BEIJING – China announced a 90-day suspension on Friday of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China’s first step in response to President Donald Trump’s Dec. 1 agreement to suspend U.S. tariff ... Read More »

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Apple upstages Amazon in selecting new tech hub locations

By Michael Liedtke And Matt O'Brien And Will Weissert, The Associated Press on December 14th, 2018

AUSTIN, Texas – One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions – and offer huge sums of public money – in hopes of landing a gleaming new corporate campus. The other swept in quietly before making its big move. The ... Read More »

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CBS settled with Dushku over ‘Bull’ star’s sexual comments

By The Associated Press on December 13th, 2018

LOS ANGELES – CBS reached a $9.5 million confidential settlement last year with actress Eliza Dushku after on-set sexual comments from Michael Weatherly, star of the network’s show “Bull,” made her uncomfortable when she was a recurring character on the show. CBS confirmed the mediated settlement to The Associated Press Thursday, saying it reflected the ... Read More »

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Councillors in Toronto, Ottawa vote to allow retail cannabis stores

By The Canadian Press on December 13th, 2018

TORONTO – Councillors in Toronto have voted to allow retail pot shops in Canada’s most populous city. Councillors voted 20-4 Thursday evening to allow privately run cannabis stores to operate in Toronto. The decision came on the same day councillors in Ottawa voted to allow pot shops to open in the nation’s capital, and a ... Read More »

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Moody’s downgrades Ontario’s credit rating from Aa3 to Aa2, citing deficit

By The Canadian Press on December 13th, 2018

TORONTO – Bond rating agency Moody’s has downgraded the province of Ontario’s credit rating. The agency announced the downgrade from Aa3 to Aa2 on Thursday, citing the province’s $14.5-billion deficit in 2018-2019 and projections that it will continue to post deficits in the coming years. Moody’s said the combination of increased debt and slow revenue ... Read More »

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Feds: US fishermen had good year aided by lobsters, scallops

By Patrick Whittle, The Associated Press on December 13th, 2018

PORTLAND, Maine – U.S. commercial fishing generated more than $144 billion in sales in 2016, buoyed by growth in key species such as sea scallops and American lobsters, the federal government reported on Thursday. The National Oceanic and Atmospheric Administration said the total of $144.3 billion in sales from commercial fishing in 2016 was up ... Read More »

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No. 2 gas-producing state moves to curb air pollution

By Marc Levy, The Associated Press on December 13th, 2018

HARRISBURG, Pa. – Pennsylvania is aiming to curb air pollution and greenhouse gas emissions from its vast natural gas exploration fields, with the governor’s administration proposing new regulations Thursday even as the Trump administration moves to relax federal requirements. Gov. Tom Wolf’s administration brought the proposal to a technical review committee, the first step in ... Read More »

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Court tosses permit for pipeline to cross Appalachian Trail

By Denise Lavoie, The Associated Press on December 13th, 2018

RICHMOND, Va. – A permit for the Atlantic Coast Pipeline to cross two national forests, including parts of the Appalachian Trail, was thrown out Thursday by a federal appeals court that harshly criticized regulators for approving the proposal. A three-judge panel of the 4th U.S. Circuit Court of Appeals in Richmond blasted the U.S. Forest ... Read More »

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Boy Scouts’ money struggles: Is bankruptcy an option?

By David Crary, The Associated Press on December 13th, 2018

NEW YORK – The Boy Scouts of America deflected questions about a report suggesting it is considering seeking bankruptcy protection, though the head of the organization said it is exploring “all options” as it tries to stay afloat while facing sexual abuse lawsuits and dwindling membership. “I want to assure you that our daily mission ... Read More »

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Lease sale in Alaska petroleum reserve draws modest interest

By The Associated Press on December 13th, 2018

ANCHORAGE, Alaska – A federal sale of oil leases in the National Petroleum Reserve-Alaska has again drawn a modest response. The Bureau of Land Management on Wednesday received 16 bids on 16 tracts covering 272 square miles (705 sq. kilometres), the Alaska Journal of Commerce reported . The BLM had offered 254 tracts on more ... Read More »

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