May 19th, 2019

Business

‘John Wick 3’ dethrones ‘Avengers: Endgame’ with $57 million

By Lindsey Bahr, The Associated Press on May 19th, 2019

LOS ANGELES – The box office has a new king and his name is John Wick. The third installment of the hyper violent Keanu Reeves franchise has taken the top spot at the North American box office and ended the three-week reign of “Avengers: Endgame.” Studios on Sunday say “John Wick: Chapter 3 – Parabellum” ... Read More »

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Defunct steelmaker’s 21-story headquarters imploded

By Michael Rubinkam, The Associated Press on May 19th, 2019

BETHLEHEM, Pa. – Sixteen thousand tons of Bethlehem Steel collapsed in a matter of seconds Sunday as a demolition crew imploded Martin Tower, the defunct steelmaker’s former world headquarters. Crowds gathered to watch the demolition of the area’s tallest building, a 21-story monolith that opened at the height of Bethlehem Steel’s power and profitability but ... Read More »

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US: Iran military could misidentify airliners amid tension

By Jon Gambrell, The Associated Press on May 18th, 2019

DUBAI, United Arab Emirates – Commercial airliners flying over the Persian Gulf risk being targeted by “miscalculation or misidentification” from the Iranian military amid heightened tensions between the Islamic Republic and the U.S., American diplomats warned Saturday, even as both Washington and Tehran say they don’t seek war. The warning relayed by U.S. diplomatic posts ... Read More »

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In clash with Congress, weak legal case may still help Trump

By Jessica Gresko And Mark Sherman, The Associated Press on May 18th, 2019

WASHINGTON – For all of President Donald Trump’s talk of winning, his lawyers are using a legal argument that many scholars say is a pretty sure loser as his team tries to defy congressional attempts to investigate him. Yet they may end up delaying the investigations with their argument, and that could be a win ... Read More »

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Walmart releases plans for new Bentonville headquarters

By The Associated Press on May 17th, 2019

BENTONVILLE, Ark. – Walmart has released additional plans for its new 350-acre (142-hectare) northwest Arkansas campus that will include four quadrants connected by bike and walking paths, an on-campus childcare facility and a fitness centre. The world’s largest retailer said Friday that new buildings will be designed and constructed in the next two years, with ... Read More »

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Report highlights utility failures in biggest US gas leak

By Brian Melley, The Associated Press on May 17th, 2019

LOS ANGELES – A blowout at a Los Angeles natural gas well in 2015 that led to the largest-known release of methane in U.S. history was the result of a corroded pipe casing and safety failures by a utility, according to an investigation report released Friday. Southern California Gas Co. failed to investigate previous rupture ... Read More »

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Five things to keep in mind following Canada’s triumph over Trump’s tariffs

By The Canadian Press on May 17th, 2019

OTTAWA – Five things to keep in mind in the wake of Friday’s news that Canada and the U.S. reached an agreement to end punitive American tariffs on steel and aluminum exports: 1.The devil is in the details. So far, it’s not clear what concessions Canada made in order to convince a famously stubborn White ... Read More »

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CAE shares surge to all-time high after posting strong cap to a great year

By Ross Marowits, The Canadian Press on May 17th, 2019

CAE Inc. shares hit an all-time high Friday after the flight training and simulator company beat expectations as it reported a 49 per cent boost in fourth-quarter profits and big increase in revenues compared with a year ago. The Montreal-based company’s stock closed up $4.67 or 14.6 per cent to $36.67 in trading on the ... Read More »

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North American markets down despite lifting of steel and aluminum tariffs

By The Canadian Press on May 17th, 2019

TORONTO – North American stock markets moved lower despite the lifting of steel and aluminum tariffs by the United States and Canada. The S&P/TSX composite index closed down 42.11 points at 16,401.75. In New York, the Dow Jones industrial average was down 98.68 points at 25,764.00. The S&P 500 index was down 16.79 points at ... Read More »

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Air Canada’s $520M bid for Transat unlikely to harm travellers, observers say

By Dan Healing, The Canadian Press on May 17th, 2019

Consumers will likely see little change in their travel choices or ticket prices if Air Canada buys Transat AT Inc., industry observers said Friday. They added it’s unlikely another bidder will upset the proposed merger, nor is it likely to be waylaid by required reviews by federal transport and competition regulators. Shares in the parent ... Read More »

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