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Asian shares up after First Republic aid spurs Wall St rally
BANGKOK (AP) — Shares advanced Friday in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their latest hunt for troubles in the banking industry.
Mar 16, 2023 10:29 PM
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Big banks create $30B rescue package for First Republic
NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
Mar 16, 2023 4:47 PM
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Dozens of workers reject union at big Nissan Tennessee plant
NASHVILLE, Tenn.
Mar 16, 2023 4:37 PM
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Hexo reports net loss of $11.1 million in second quarter, lower revenues
GATINEAU, Que. — Hexo Corp. reported a net loss of $11.1 million in its latest quarter, up from a year earlier, when it reported a loss of $690.3 million, which included $616 million in one-time impairment charges. The Gatineau, Que.
Mar 16, 2023 4:31 PM
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Pornhub owner MindGeek purchased by private equity firm
MONTREAL — A new private equity firm based in Ottawa says it has acquired the company behind one of the world's largest pornography sites, Pornhub.
Mar 16, 2023 3:00 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,539.01, up 160.17): Suncor Energy Inc. (TSX:SU). Energy. Down 22 cents, or 0.55 per cent, to $40.05 on 23.2 million shares.
Mar 16, 2023 2:50 PM
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S&P/TSX composite rises Thursday, U.S. markets gain with Nasdaq up 2.5 per cent
TORONTO — Markets in Canada and the U.S. climbed steadily Thursday in yet another reversal during a volatile week, with tech helping drive strength as well as some signs of recovery in embattled financial stocks.
Mar 16, 2023 2:38 PM
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Experts, banks look for ideas to stop next bank failure
WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market.
Mar 16, 2023 2:19 PM
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Businesses expect slower sales in short term as cost, labour issues persist: survey
OTTAWA — Businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation, according to a survey by the Canadian Chamber of Commerce.
Mar 16, 2023 1:20 PM
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Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattack
Grocery giant Empire Company Ltd.
Mar 16, 2023 12:42 PM
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