August 23rd, 2019

Business

Walmart, Tesla pause in legal fight over fiery solar panels

By The Associated Press on August 23rd, 2019

NEW YORK – Walmart said Friday that is working on a resolution with Tesla after the retailing giant sued the electric car company’s energy division for installing rooftop solar panels that caught fire. In the lawsuit filed Tuesday, Walmart said Tesla installed solar panels that went up in flames on seven of its store rooftops ... Read More »

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Judge orders woman in Capital One case to remain in custody

By Martha Bellisle, The Associated Press on August 23rd, 2019

SEATTLE – A U.S. judge on Friday ordered a woman accused of hacking Capital One and at least 30 other organizations to remain in custody pending trial because she is a flight risk and poses a physical danger to herself and others. At a hearing in Seattle, U.S. Magistrate Judge Michelle Peterson said Paige Thompson’s ... Read More »

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‘Our bigger enemy’: Trump escalates attack on Fed chief

By Martin Crutsinger, The Associated Press on August 23rd, 2019

WASHINGTON – President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more “did NOTHING!” and wondering who is “our bigger enemy” – Powell or China’s leader. The outburst came after Powell, speaking to central bankers in Jackson Hole, Wyoming, ... Read More »

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North American stock markets plunge on heightened trade war between U.S. and China

By The Canadian Press on August 23rd, 2019

TORONTO – North American stock markets plummeted after the U.S.-Sino trade war heated up with President Donald Trump angrily responding to China’s tariff retaliation. The S&P/TSX composite index closed down 215.88 points at 16,037.58. In New York, the Dow Jones industrial average was down 623.34 points at 25,628.90. The S&P 500 index was down 75.84 ... Read More »

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Transat shareholders approve Air Canada takeover, deal now in regulators’ hands

By Christopher Reynolds, The Canadian Press on August 23rd, 2019

MONTREAL – The fate of Air Canada’s $720-million takeover bid for Transat A.T. Inc. rests with regulators after shareholders overwhelmingly approved the acquisition offer Friday. In a special meeting, shareholders of the Quebec-based tour operator voted 94.77 per cent in favour of accepting the $18-per-share transaction from the country’s largest airline. The deal will narrow ... Read More »

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Timing of Bank of Canada’s next statement gives it potential to tinge election

By The Canadian Press on August 23rd, 2019

OTTAWA – Canadians last heard the Bank of Canada’s take on the economy in the early days of summer – and the timing of its next update has the potential to tinge political debate during the federal election campaign. Since the bank’s most-recent public comments in early July, there’s mounting evidence of a slowing global ... Read More »

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Ottawa takes promised steps to prevent transshipments of aluminum, steel

By The Canadian Press on August 23rd, 2019

Ottawa is taking promised steps to prevent aluminum and steel from entering Canada as a way to circumvent trade measures that led to the U.S. lifting tariffs earlier this year. Starting Sept. 1, certain aluminum products will be added to the Import Control List (ICL) under the Export and Import Permits Act. Importers will be ... Read More »

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Trump vows response to China tariffs on $75B of US goods

By Joe McDonald, Paul Wiseman And Jill Colvin, The Associated Press on August 23rd, 2019

WASHINGTON – President Donald Trump declared Friday that he had “hereby ordered” American companies with operations in China “to immediately start looking for” an alternative after Beijing announced a series of retaliatory tariffs. But as markets in the U.S., Asia and Europe tumbled, the White House offered no further details or explanation of Trump’s intentions. ... Read More »

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June retail sales flat as Raptors effect offsets auto and gas slump: StatCan

By Armina Ligaya, The Canadian Press on August 23rd, 2019

Canadian retail sales edged expectations in June with merchandise and sporting goods sales climbing as the Toronto Raptors made their NBA championship winning run, according to the latest numbers from Statistics Canada. Clothing and clothing accessories stores saw a 4.2 per cent uptick in sales, while sporting goods, hobby, book and music stores recorded a ... Read More »

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Illinois patient’s death may be first in US tied to vaping

By The Associated Press on August 23rd, 2019

CHICAGO – Illinois health officials are reporting what could be United States’ first death tied to vaping. In a Friday news release, the Illinois Department of Public Health says a person who recently vaped died after being hospitalized with “severe respiratory illness.” The agency didn’t give any other information about the patient, including a name ... Read More »

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