Business
Body of British tech magnate Mike Lynch is among those recovered from yacht wreckage, officials say
By The Associated Press on August 22nd, 2024
PORTICELLO, Sicily (AP) – The Italian coast guard said Thursday the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called it unsinkable. One woman remains missing. The bodies of Lynch, who had been celebrating his recent acquittal on ... Read More »
Be the first to comment!U.S. applications for unemployment benefits inch up, but remain at historically healthy levels
By Matt Ott, The Associated Press on August 22nd, 2024
The number of Americans filing for unemployment benefits rose modestly last week, but the level of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday. The four-week average of claims, which evens out some of the weekly gyrations, ticked down by ... Read More »
Be the first to comment!Body of British tech magnate Mike Lynch is recovered from wreckage of superyacht, coast guard says
By The Associated Press on August 22nd, 2024
PORTICELLO, Sicily (AP) – The Italian coast guard said Thursday the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called it unsinkable. The bodies of Lynch and four others were recovered by rescue crews. One woman remains missing. ... Read More »
Be the first to comment!Rail work stoppage shuts down some Ontario, Quebec commuter rail lines
By The Canadian Press on August 22nd, 2024
TORONTO – A rail work stoppage has upset typical travel plans for nearly 30,000 daily commuters in Ontario and Quebec where several major transit lines have been suspended. Southern Ontario’s GO Transit has halted rail service on its Milton line and at Hamilton GO Centre, sidelining around 8,100 daily customers. Exo Transit says its Candiac, ... Read More »
Be the first to comment!TD Bank Group reports Q3 loss as it takes charge on anti-money laundering probe
By The Canadian Press on August 22nd, 2024
TORONTO – TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program. The big bank says its loss amounted to 14 cents per diluted share for the quarter ended July 31. The result compared with ... Read More »
Be the first to comment!Rescuers recover fifth body from sunken superyacht off Sicily; 1 woman still missing
By The Associated Press on August 22nd, 2024
PORTICELLO, Sicily (AP) – Rescuers searching the wreck of a superyacht that sank off Sicily brought ashore a fifth body on Thursday, leaving one person still unlocated, as investigators sought to learn why the vessel sank so quickly. Rescue crews brought the body bag ashore at Porticello port while divers continued to search for the ... Read More »
Be the first to comment!The latest developments in the lockout at Canada’s two biggest railways
By The Canadian Press on August 22nd, 2024
In the culmination of months of increasingly bitter negotiations, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out 9,300 engineers, conductors and yard workers after the parties failed to agree on a new contract before the midnight deadline. Here are the latest developments on the rail stoppage (all times are ET): – ... Read More »
Be the first to comment!Loblaw piloting ultra-discount No Name grocery stores in Ontario
By Rosa Saba, The Canadian Press on August 22nd, 2024
Loblaw is piloting a new ultra-discount grocery store in Ontario that promises to deliver even lower prices by stripping away even more frills. The first three No Name stores will open in September in Windsor, St. Catharines and Brockville, capitalizing on Loblaw’s existing discount brand known for its simplified, bright-yellow packaging and marketing. “The No ... Read More »
Be the first to comment!French destroyer in EU mission rescues 29 mariners from oil tanker stricken in Red Sea attacks
By Jon Gambrell, The Associated Press on August 22nd, 2024
DUBAI, United Arab Emirates (AP) – A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea, officials said Thursday, while also destroying a bomb-carrying drone boat in the area. Yemen’s Houthi rebels are suspected to have carried out the assault on the Sounion, though they have ... Read More »
Be the first to comment!Municipalities say Alberta oilpatch policies harming tax base, public interest
By Bob Weber, The Canadian Press on August 22nd, 2024
EDMONTON – Alberta’s United Conservative government is trying to increase production from the province’s declining conventional oil and gas fields at the expense of local tax bases, environmental oversight and the public interest, says the group representing rural municipalities. Rural Municipalities of Alberta held a town hall meeting earlier this month to discuss the impacts ... Read More »
Be the first to comment!Labor dispute stops Canadian freight railroads and could cause major economic disruption in US
By Rob Gillies And Josh Funk, The Associated Press on August 22nd, 2024
TORONTO (AP) – Both of Canada’s major freight railroads have come to a full stop because of a contract dispute with their workers, an impasse that could bring significant economic harm to businesses and consumers in Canada and the U.S. if the trains don’t resume running soon. Canadian National and CPKC railroads both locked out ... Read More »
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