June 26th, 2017

Business

Stay thirsty: ‘Most interesting man’ now pitching tequila

By The Associated Press on June 14th, 2017

NEW YORK – “The Most Interesting Man in the World” is giving up beer for tequila. Actor Jonathan Goldsmith appeared as the sophisticated, eccentric and worldly pitchman for Dos Equis beer for nearly a decade. He’s now promoting Astral Tequila. In a new ad, the 78-year-old Goldsmith nods at his Dos Equis days by raising ... Read More »

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Montreal startup Element AI nabs US$102 million in investments for expansion

By The Canadian Press on June 14th, 2017

TORONTO – A Montreal startup is getting a total of US$102 million from Microsoft, Intel and several other investors that will fund the eight-month-old company’s drive to become a leader in artificial intelligence. Element AI chief executive Jean-Francois Gagne says the new round of funding will pay for 250 jobs and offices in Toronto and ... Read More »

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Aimia suddenly suspends dividends following Air Canada’s decision to cut ties

By The Canadian Press on June 14th, 2017

MONTREAL – Aimia Inc. (TSX:AIM) is immediately suspending payment of all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month. The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer. Aimia says the ... Read More »

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Aimia suddenly suspends dividends following Air Canada’s decision to severe ties

By The Canadian Press on June 14th, 2017

MONTREAL – Aimia Inc. (TSX:AIM) is immediately suspending payment of all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month. The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer. Aimia says the ... Read More »

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‘Mushy middle’ department stores feel the squeeze as luxury and discount expand

By Aleksandra Sagan, The Canadian Press on June 14th, 2017

TORONTO – The financial woes of Sears Canada and Hudson’s Bay have highlighted a painful trend for the department stores that once dominated Canada’s retail landscape – it’s best to avoid the “mushy middle.” The rise of online shopping and a widening wealth gap are seen as factors squeezing mid-line retailers that try to be ... Read More »

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Correction: Japan-Defence story

By The Associated Press on June 13th, 2017

CHIBA, Japan – In a story June 14 about Japanese military equipment sales, The Associated Press omitted the name of a Mitsubishi Heavy Industries official quoted in the story. It was Shoji Sato. A corrected version of the story is below: Japan seeks to expand arms deals with Southeast Asia A Japanese defence official says ... Read More »

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Nevada officials aim to start legal pot sales by July 1

By Scott Sonner, The Associated Press on June 13th, 2017

CARSON CITY, Nev. – If Nevada officials have their way, tourists and residents will be able to buy pot legally ahead of Independence Day. But before recreational marijuana launches in the state best known for slot machines and showgirls, a judge must decide who has the right to distribute Nevada’s newest cash crop. The powerful ... Read More »

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San Francisco requires clean space for breastfeeding workers

By Janie Har, The Associated Press on June 13th, 2017

San Francisco supervisors approved legislation that requires employers to provide new mothers a clean and private space to pump their milk, adding to the board’s long history of trying to make the city more equitable for workers even if that means more regulations for employers. California and federal law already require employers to make reasonable ... Read More »

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Trump clings to coal as worldwide demand plummets

By Michael Biesecker, The Associated Press on June 13th, 2017

WASHINGTON – Market demand for the dirtiest of fossil fuels is plummeting worldwide, according to industry data published Tuesday, even as President Donald Trump has made reviving the long-struggling U.S. coal mines the bedrock of his administration’s energy policy. The BP Statistical Review of World Energy shows global coal production fell by more than 6 ... Read More »

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EU moves to gain control of key London financial market

By Danica Kirka, The Associated Press on June 13th, 2017

LONDON – The European Union moved Tuesday to tighten its oversight of a key financial market based in London, threatening tens of thousands of jobs in Britain once the country exits the bloc. Draft regulations published by the EU executive Commission would force any clearinghouse considered important to the EU financial system to accept direct ... Read More »

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