June 26th, 2017

Business

‘Pharma Bro’ defies advice to keep quiet before fraud trial

By Tom Hays, The Associated Press on June 26th, 2017

NEW YORK – “Pharma Bro” just won’t keep his mouth shut. Even with his federal securities fraud trial set to begin Monday, Martin Shkreli has blatantly defied his attorneys’ advice to lay low. The former pharmaceutical CEO, who became a pariah after raising the cost of a life-saving drug 5,000 per cent, has been preening ... Read More »

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UK prime minister wins N Ireland party’s support govt

By Danica Kirka, The Associated Press on June 26th, 2017

LONDON – Prime Minister Theresa May struck a deal Monday with Northern Ireland’s Democratic Unionist Party to support her minority government and ensure passage of her legislative agenda later this week. As part of the deal, the government will provide funds to boost Northern Ireland’s economy, while investing in infrastructure, health and education. The package ... Read More »

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Cyprus signs deal to build ‘Europe’s largest casino’

By The Associated Press on June 26th, 2017

NICOSIA, Cyprus – Cyprus has signed a deal with a consortium made up of Melco International, Hard Rock and Cypriot CNS Group to build what officials said will be Europe’s largest casino. Cyprus’ Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis said Monday at a signing ceremony that the casino resort in the coastal town ... Read More »

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Air Miles raises cap on in-store redemptions effective Monday

By The Canadian Press on June 26th, 2017

TORONTO – Air Miles is raising some of the recent daily limits imposed on redeeming points for in-store purchases from retailers. The customer loyalty program sent notices during the weekend that says the new daily limit on Air Miles Cash redemptions, in most cases, has been raised to $100. Air Miles has set a different ... Read More »

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US durable goods orders fell in May by the most in 18 months

By Christopher S. Rugaber, The Associated Press on June 26th, 2017

WASHINGTON – Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing. The Commerce Department says orders for durable goods – items meant to last at least three years – slid 1.1 per cent in ... Read More »

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N Ireland party signs deals to support UK Conservative gov’t

By Danica Kirka, The Associated Press on June 26th, 2017

LONDON – The leader of a Northern Ireland-based party struck a 1.5 billion pound ($1.9 billion) deal with British Prime Minister Theresa May’s Conservatives on Monday to support her minority government in a crucial vote on her legislative package later this week. Democratic Unionist Party leader Arlene Foster said the details of the deal with ... Read More »

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Coal on the rise in China, US, India after major 2016 drop

By Matthew Brown And Katy Daigle, The Associated Press on June 26th, 2017

BEIJING – The world’s biggest coal users – China, the United States and India – have boosted coal mining in 2017, in an abrupt departure from last year’s record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. Mining data reviewed by The Associated Press show ... Read More »

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Ontario needs innovative skills and apprenticeship training:study

By The Canadian Press on June 26th, 2017

TORONTO – A new study concludes that Ontario needs to get far more creative in order to properly prepare young people for jobs of the future. The study was commissioned by the Ontario Skilled Trades Alliance which represents companies that employ more than 400,000 skilled trades people across the province. It points out that 65 ... Read More »

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Tentative contract agreement averts threatened strike by LCBO workers

By The Canadian Press on June 25th, 2017

TORONTO – A tentative contract agreement has been reached averting a strike by LCBO workers that was set to begin at midnight. The agreement was signed shortly after the strike deadline passed, and was announced in a release from the Ontario Public Service Employees Union. Union president Warren “Smokey” Thomas said details of the accord ... Read More »

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Takata files for bankruptcy, overwhelmed by air bag recalls

By Tom Krisher And Marcy Gordon, The Associated Press on June 25th, 2017

Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators that are linked to the death of at least 16 people. The company announced the expected action Monday morning Tokyo time. Takata confirmed that ... Read More »

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