April 21st, 2019

Business

NBC, LA 2028 to combine to sell sponsorships, ad time

By Eddie Pells, The Associated Press on April 17th, 2019

NBC Universal and the LA Olympics are going into business together, combining to package commercial time on all the network’s platforms with opportunities to sponsor the American team through 2028. The deal is for contracts covering 2021 through 2028, the year the Summer Games return to the United States for the first time in 32 ... Read More »

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Metro Inc. reports second-quarter profit and sales up from a year ago

By The Canadian Press on April 17th, 2019

MONTREAL – Metro Inc. reported its second-quarter profit and sales were up compared with a year ago, boosted by its acquisition of the Jean Coutu Group drug store chain last year. The grocer says it earned $121.5 million or 47 cents per diluted share for the 12-week period ended March 16, up from a profit ... Read More »

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Head of Foxconn announces Taiwan presidential bid

By The Associated Press on April 17th, 2019

TAIPEI, Taiwan – Terry Gou, the head of the world’s largest electronics supplier, Foxconn, says he is planning to run for president of Taiwan. Gou announced Wednesday that he would be putting himself up as a hopeful in the opposition Nationalist Party primary ahead of next year’s election. The Nationalists favour closer ties with Beijing, ... Read More »

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Trump to allow lawsuits over US properties seized in Cuba

By Deb Riechmann And Michael Weissenstein, The Associated Press on April 16th, 2019

WASHINGTON – Stepping up pressure on Cuba, the Trump administration will allow lawsuits against foreign companies doing business in properties seized from Americans after the island’s 1959 revolution, a senior administration official said Tuesday. The move marks a change in more than two decades of U.S. policy on Cuba. President Donald Trump has been taking ... Read More »

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Defence awards Boeing $14.3B bomber maintenance contract

By The Associated Press on April 16th, 2019

OKLAHOMA CITY – Boeing Co. has won a $14.3 billion contract to service and maintain all B-1 Lancer and B-52 Stratofortress bombers at Tinker Air Force Base in Oklahoma City. The contract includes hardware and software development and integration, ground and flight testing, configuration management, studies and analyses and modernization, said the Department of Defence ... Read More »

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Woman sues Chinese billionaire Liu for alleged rape

By Amy Forliti, The Associated Press on April 16th, 2019

MINNEAPOLIS – A woman who said she was raped by JD.com founder Richard Liu filed a lawsuit Tuesday against the billionaire and his company alleging he and other wealthy Chinese executives coerced her to drink during a dinner in the hours before she was attacked. Jingyao Liu, a student at the University of Minnesota, claims ... Read More »

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Trump to allow suits over US properties seized in Cuba

By Deb Riechmann And Michael Weissenstein, The Associated Press on April 16th, 2019

WASHINGTON – Stepping up pressure on Cuba, the Trump administration will allow lawsuits against foreign companies doing business in properties seized from Americans after the island’s 1959 revolution, a senior administration official said Tuesday. The move marks a change in more than two decades of U.S. policy on Cuba. President Donald Trump has been taking ... Read More »

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Woman who accused Chinese billionaire Liu of rape sues

By Amy Forliti, The Associated Press on April 16th, 2019

MINNEAPOLIS – A woman who says JD.com founder Richard Liu raped her in Minneapolis is suing the Chinese billionaire and his company. Jingyao Liu, a student at the University of Minnesota, sued Liu on Tuesday, alleging that he raped her at her apartment. Liu was arrested Aug. 31 in Minneapolis on suspicion of felony rape ... Read More »

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Most actively traded companies on the TSX

By The Canadian Press on April 16th, 2019

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,502.20, down 13.26 points). Prometic Life Sciences. Inc. (TSX:PLI). Health care. Down half a cent, or 7.69 per cent, to six cents on 11.4 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 3.96 per cent, ... Read More »

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TSX moves into negative territory near end of trading as gold sinks to 2019 low

By The Canadian Press on April 16th, 2019

TORONTO – Canada’s main stock index moved negative near the end of trading as the price of gold sank to a 2019 low. The S&P/TSX composite index closed down 13.26 points to 16,502.20. In New York, the Dow Jones industrial average was up 67.89 points at 26,452.66. The S&P 500 index was up 1.48 points ... Read More »

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