August 24th, 2019

Business

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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Peppa Pig maker’s shares soar more than 30% after Hasbro acquisition offer

By The Canadian Press on August 23rd, 2019

TORONTO – Shares of Toronto-based Entertainment One Ltd. soared more than 30 per cent after it struck a deal to be acquired by American toy giant Hasbro Inc. for US$4-billion. EOne shares gained about 1.42 British pounds or 31.94 per cent to 5.85 pounds on the London Stock Exchange. The boost came after Pawtucket, R.I.-based ... Read More »

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Cargojet Inc. shares surge on deal with Amazon to grow partnership

By The Canadian Press on August 23rd, 2019

MISSISSAUGA, Ont. – Shares in Cargojet Inc. shot to a record high Friday after the company announced a new deal with Amazon.com that could see the online retailer acquire a stake in the company that provides overnight air cargo services. The company’s shares opened up more than 20 per cent and were trading up $12.10, ... Read More »

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Billionaire conservative donor David Koch dies at 79

By Steve Peoples, The Associated Press on August 23rd, 2019

WASHINGTON – Billionaire industrialist David H. Koch, who with his older brother Charles was both celebrated and demonized for transforming American politics by pouring their riches into conservative causes, died Friday at 79. The cause of death was not disclosed, but Koch Industries said Koch, who lived in New York City, had contended for years ... Read More »

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Transat shareholders approve Air Canada takeover, narrowing competition

By The Canadian Press on August 23rd, 2019

MONTREAL – Transat shareholders have approved Air Canada’s $720-million acquisition offer, a milestone on a twisting road toward a takeover. In a special meeting in Montreal Friday, shareholders of the Quebec-based tour operator voted to accept the $18-per-share bid from the country’s largest airline. A total of 94.77 per cent of votes cast were in ... Read More »

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Top publishers sue Audible for copyright infringement

By Hillel Italie, The Associated Press on August 23rd, 2019

NEW YORK – Some of the country’s top publishers are suing Audible, citing copyright infringement as they ask a federal judge to enjoin the audiobook producer-distributor’s planned use of captions for an education-driven program. Penguin Random House and Simon & Schuster are among the plaintiffs in the suit filed Friday in U.S. District Court for ... Read More »

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TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline

By The Canadian Press on August 23rd, 2019

The CEO of the Calgary company proposing to build the Keystone XL pipeline is applauding a decision by Nebraska’s highest court that clears one of the last major hurdles for the project designed to get Canadian oil to U.S. Gulf Coast refineries. Russ Girling of TC Energy Corp. says the Nebraska Supreme Court’s rejection of ... Read More »

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Cargojet Inc. signs new deal with Amazon to grow business with the retailer

By The Canadian Press on August 23rd, 2019

MISSISSAUGA, Ont. – Shares in Cargojet Inc. shot higher after the company announced a new deal with Amazon.com that could see the online retailer acquire a stake in the company which provides overnight air cargo services. The company’s shares were up $14.88 at $105.55 in morning trading on the Toronto Stock Exchange. Amazon uses Cargojet’s ... Read More »

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Nebraska court upholds state’s approval of pipeline path

By Grant Schulte And Margery A. Beck, The Associated Press on August 23rd, 2019

LINCOLN, Neb. – Nebraska’s highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer to reapply for state approval. The Nebraska Supreme Court upheld the decision of regulators who voted in November ... Read More »

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US new home sales slid 12.8% in July

By Bani Sapra, The Associated Press on August 23rd, 2019

WASHINGTON – Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 635,000 units, down from a revised June rate of 728,000. So far this year, sales have risen just ... Read More »

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