January 21st, 2017

Business

‘Dance Moms’ star’s 2-day sentencing hearing set to begin

By Joe Mandak, The Associated Press on January 19th, 2017

PITTSBURGH – “Dance Moms” reality TV star Abby Lee Miller is scheduled to appear in Pittsburgh federal court Friday for the start of her sentencing hearing in her bankruptcy fraud case. The two-day hearing won’t wrap up until Feb. 24. It was scheduled so numerous witnesses could address a key question: Did Miller intend to ... Read More »

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Paramount inks $1B film co-finance deal with 2 Chinese firms

By Kelvin Chan, The Associated Press on January 19th, 2017

HONG KONG – Paramount Pictures said Friday it has inked a co-financing deal with two Chinese companies for the Hollywood studio’s slate of movies over the next three years. Under the terms of the deal, Shanghai Film Group and Huahua Media will also set up an office on Paramount’s lot later this year, the studio ... Read More »

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Trump expects ‘big results’ from his choice to lead USDA

By Jonathan Lemire And Russ Bynum, The Associated Press on January 19th, 2017

WASHINGTON – Donald Trump said Thursday that he expects that former Georgia Gov. Sonny Perdue, his choice to lead the Agriculture Department, will “deliver big results for all Americans who earn their living off the land.” Agriculture secretary was the final Cabinet post to be announced by Trump, who is set to take office Friday. ... Read More »

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Samsung to announce cause of Galaxy Note 7 fire on Jan. 23

By Youkyung Lee, The Associated Press on January 19th, 2017

SEOUL, Korea, Republic Of – Samsung Electronics said Friday it will announce on Jan. 23 the reason why its Galaxy Note 7 smartphones overheated and caught fire. The announcement will be livestreamed in Chinese, English and Korean on its websites. Koh Dong-jin, Samsung’s mobile president, will give details of the probe. The Galaxy Note 7 ... Read More »

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Car makers concerned about Trump, says Canadian innovation minister

By Mike Blanchfield, The Canadian Press on January 19th, 2017

OTTAWA – A Liberal cabinet minister says he’s hearing concerns from auto makers about negative effects on their industry from a Donald Trump presidency. Economic Development Minister Navdeep Bains says he’s had conversations with concerned automakers at the recent Detroit auto show and during his current visit to the World Economic Forum in Davos, Switzerland. ... Read More »

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Trump uncertainty may be ‘golden moment’ for Canadian firms to invest: expert

By The Canadian Press on January 19th, 2017

OTTAWA – A well-known trade expert is pitching the counter-intuitive idea that widespread uncertainty tied to president-elect Donald Trump’s protectionist vows has likely created a once-in-a-lifetime investment opportunity for companies. Export Development Canada’s Peter Hall says he’s been advising business leaders to consider swooping in on investment opportunities here and abroad while others sit idle ... Read More »

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U.S. indexes finish lower ahead of Donald Trump inauguration, TSX ekes out gain

By The Canadian Press on January 19th, 2017

TORONTO – Indices in New York registered losses a day ahead of the inauguration of Donald Trump, who will become the 45th president of the United States. On Wall Street, the Dow Jones industrial average fell 72.32 points to 19,732.40, the S&P 500 dropped 8.2 points at 2,263.69 and the Nasdaq composite lost 15.57 points ... Read More »

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Energy pick vows to boost agency he had pledged to eliminate

By Matthew Daly, The Associated Press on January 19th, 2017

WASHINGTON – Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, vowed to be an advocate for an agency he once pledged to eliminate and promised to rely on federal scientists, including those who work on climate change. Perry told a Senate committee on Thursday that he regrets his ... Read More »

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Dow erases gain for 2017 as stocks fall, bond yields climb

By Stan Choe, The Associated Press on January 19th, 2017

NEW YORK – The Dow Jones industrial average erased its gain for the year on Thursday, part of a pullback for stock indexes as Treasury yields continued their upward march. KEEPING SCORE: The Dow Jones industrial average fell 109 points, or 0.6 per cent to 19,696 as of 2:20 p.m. Eastern time. That puts the ... Read More »

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Treasury pick defends foreclosure actions, asset disclosure

By Martin Crutsinger, The Associated Press on January 19th, 2017

WASHINGTON – Steven Mnuchin, President-elect Donald Trump’s pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to the committee $100 million in assets and interests in a Cayman Islands corporation. Mnuchin said the failure to disclose the ... Read More »

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