April 29th, 2017

Business

Trump finds that CEO-as-president isn’t always a natural fit

By Josh Boak, The Associated Press on April 28th, 2017

WASHINGTON – Donald Trump won the White House by arguing that what America needed was a president who had proved himself as a steely and successful corporate leader with no political baggage – someone, say, like himself. If Abraham Lincoln relied on a team of rivals, Trump would command a team of “killer” CEOs. He ... Read More »

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AP FACT CHECK: Claims about Trump’s tax plan don’t hold up

By Christopher S. Rugaber And Stephen OhlemacHer, The Associated Press on April 28th, 2017

WASHINGTON – Getting to the bottom of President Donald Trump’s tax plan is difficult because it exists so far as bullet points on a single page, with no detail. Still, there are reasons to be wary about some of the claims coming out of the White House about it. CLAIM: TAX CUT IS BIGGEST EVER ... Read More »

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Appeals court upholds decision to block Anthem bid for Cigna

By The Associated Press on April 28th, 2017

WASHINGTON – A federal appeals court has left in place a decision blocking Anthem Inc.’s bid to buy rival health insurer Cigna Corp. The 2-1 decision Friday upholds a federal judge’s ruling in February that said the proposed $48 billion acquisition would reduce competition in the concentrated insurance market. Anthem argued the merger would save ... Read More »

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Imperial Oil reports $333 million Q1 earnings, raise dividend to 16 cents

By The Canadian Press on April 28th, 2017

CALGARY – Imperial Oil (TSX:IMO) is reporting first-quarter earnings that reversed a loss in the same period of last year but fell short of analyst expectations. The Calgary-based oil producer and refiner says net income was $333 million or 39 cents per share in the three months ended March 31, boosted by a gain of ... Read More »

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Hannity defends Fox News president Shine amid report

By The Associated Press on April 28th, 2017

NEW YORK – Sean Hannity is defending Fox News Channel president Bill Shine following a report that members of the controlling Murdoch family refused to release a statement of support for the executive. New York magazine cites anonymous sources in reporting that Shine recently asked 21st Century Fox CEO James Murdoch and his brother, Lachlan, ... Read More »

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Cameco posts bigger Q1 loss than expected, keeps 2017 guidance

By The Canadian Press on April 28th, 2017

SASKATOON – Cameco Inc. had a bigger loss in the first quarter than analysts were expecting, as the uranium company grappled with challenges including the sudden loss of a supply contract with Tokyo Electric Power Co. The Saskatoon-based uranium company says it had a net loss of $18 million, or five cents per share, in ... Read More »

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Canadian gross domestic product flat in February after hot start to 2017

By The Canadian Press on April 28th, 2017

OTTAWA – Canadian economic growth took a pause in February after the break-neck pace seen at the start the year. Statistics Canada says gross domestic product was unchanged in February. The result matched the expectations of economists, according to Thomson Reuters. February followed three months of gains including stronger-than-expected growth in January. Gains in service-producing ... Read More »

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Senate confirms Alex Acosta as labour secretary

By Laurie Kellman, The Associated Press on April 28th, 2017

WASHINGTON – Alex Acosta has been confirmed as the nation’s new labour secretary, filling out President Donald Trump’s Cabinet as he approaches his 100th day in office. A 60-38 vote by the Senate on Thursday confirmed Acosta to the post. Once sworn as the 27th labour secretary, the son of Cuban immigrants will lead a ... Read More »

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US economic growth weakened to 0.7 per cent in first quarter

By Martin Crutsinger, The Associated Press on April 28th, 2017

WASHINGTON – The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result repeats a pattern that has characterized the recovery: lacklustre beginnings to the year. The Commerce Department says the gross domestic product, the total output of goods and services, grew by ... Read More »

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Russian prosecutors seek 3 1/2 years for ‘Pokemon Go’ blogger

By The Associated Press on April 28th, 2017

MOSCOW – Russian prosecutors requested a 3 1/2 year prison sentence Friday for a blogger charged with inciting religious hatred for playing “Pokemon Go” in a church. Prosecutors made the request as the trial of Ruslan Sokolovsky, 22, wrapped up in the city of Yekaterinburg. A judge said a verdict in the case would be ... Read More »

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