June 29th, 2017

Business

The Latest: Russian oil company says gas stations affected

By The Associated Press on June 28th, 2017

PARIS – The Latest on a widespread cyberattack that is affecting companies and government systems (all times local): 1:20 p.m. Russia’s Rosneft oil company says some of its gas stations have been affected by the outbreak of malicious software, but production operations haven’t been hurt. The company said Wednesday it’s too early to assess the ... Read More »

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The Latest: Russia says cyberattack shows co-operation needed

By The Associated Press on June 28th, 2017

PARIS – The Latest on a widespread cyberattack that is affecting companies and government systems (all times local): 1:10 p.m. The Kremlin says that a ransomware attack that has affected computers across the world highlights the need for close international co-operation in fighting cybercrime. Russian President Vladimir Putin’s spokesman Dmitry Peskov said the attack “again ... Read More »

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Empire posts lower Q4 adjusted earnings amid turnaround of Sobeys grocery unit

By The Canadian Press on June 28th, 2017

STELLARTON, N.S. – The parent of Sobeys is reporting a decline in adjusted earnings for the first full quarter since it installed a new chief executive with a mandate to revive the national grocery business. Empire Co. Ltd. (TSX:EMP.A) had a $29.5 million net profit attributable to shareholders or 11 cents per share for the ... Read More »

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The Latest: Maersk says it has ‘contained’ cyberattack

By The Associated Press on June 28th, 2017

PARIS – The Latest on a widespread cyberattack that is affecting companies and government systems (all times local): 10:10 a.m. Danish shipping giant A.P. Moller-Maersk, which was hit by malicious software that is crippling computers globally, says it has “contained the issue.” The Copenhagen-based group says its APM Terminals have been “impacted in a number ... Read More »

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New highly virulent strain of ransomware cripples networks

By Raphael Satter And Frank Bajak, The Associated Press on June 27th, 2017

PARIS – A new, highly virulent strain of malicious software that is crippling computers globally appears to have been sown in Ukraine, where it badly hobbled much of the government and private sector on the eve of a holiday celebrating a post-Soviet constitution. The fresh cyber-assault Tuesday leveraged the same intrusion tool as a similar ... Read More »

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Calgary businessman gets five years for defrauding oil and gas company

By The Canadian Press on June 27th, 2017

CALGARY – The co-founder of an Alberta oil and gas company has been sentenced to five years in prison for defrauding Arcan Resources Ltd., which he established with his brother and another man. Ian Wilson Fisher, 54, pleaded guilty Tuesday to fraud over $5,000, after being charged in August 2015. According to an agreed statement ... Read More »

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Panel approves bill privatizing air traffic control

By Kevin Freking, The Associated Press on June 27th, 2017

WASHINGTON – A House panel approved legislation Tuesday that would split off management of the nation’s skies from the Federal Aviation Administration and give that responsibility to an independent, non-profit company. The Republican-led committee approved the legislation by a vote of 32-25 with supporters saying it was critical to remove air traffic control from the ... Read More »

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Competition Bureau of Canada gives $4.4B Couche-Tard deal green light

By The Canadian Press on June 27th, 2017

LAVAL, Que. – The Competition Bureau of Canada is giving the green light to Alimentation Couche-Tard (TSX.ATD.B) to purchase its American fuel and convenience store rival CST Brands Inc., provided the company sell some of CST’s Canadian assets to Parkland. In a statement Tuesday, the company based in Laval, Que., said the Competition Bureau gave ... Read More »

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Shkreli jury selection expected to take a third day

By The Associated Press on June 27th, 2017

NEW YORK – Jury selection at the securities fraud trial of a former pharmaceutical CEO notorious for price-gouging hit a rough patch on Tuesday as the court struggled to pick a pool of prospective jurors who could ignore a swirl of bad publicity for the defendant. A third day of jury selection in Martin Shkreli’s ... Read More »

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Judge approves initial motions in Takata bankruptcy

By Randall Chase, The Associated Press on June 27th, 2017

DOVER, Del. – A Delaware bankruptcy judge on Tuesday granted several preliminary orders allowing Japanese auto parts supplier Takata to move forward with its reorganization plan, which includes the sale of most of its assets to a Chinese-owned rival for $1.6 billion. Takata was forced into bankruptcy this week amid lawsuits, multimillion-dollar fines and crushing ... Read More »

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