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Home sales tumble again as mortgage rates surge
Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.
May 19, 2022 10:40 AM
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McDonald's era in Russia coming to a close, restaurants sold
McDonald’s has begun the sale of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing of Cold War tensions between the United States and Soviet Union.
May 19, 2022 10:18 AM
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Héroux-Devtek reports Q4 profit up from year ago, sales down
LONGUEUIL, Que. — Héroux-Devtek Inc. reported net income of $11.5 million for its fourth quarter, up from a profit of $8.8 million in the same quarter last year.
May 19, 2022 9:28 AM
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More Americans apply for jobless benefits last week
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low.
May 19, 2022 8:43 AM
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Canada Pension Plan Investment Board says its fund earned 6.8% in latest fiscal year
TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, earned a net return of 6.8 per cent for its latest fiscal year.
May 19, 2022 8:20 AM
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Indonesia lifts ban on cooking oil export as supply improves
JAKARTA, Indonesia (AP) — Indonesia said Thursday it will lift a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil. President Joko Widodo said exports will resume on Monday.
May 19, 2022 8:09 AM
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ATS Automation Tooling Systems reports Q4 profit and revenue up
CAMBRIDGE, ONT. — ATS Automation Tooling Systems Inc. reported a quarterly profit of $39.9 million, up from $23.8 million a year earlier, as its revenue rose 50 per cent.
May 19, 2022 6:35 AM
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Asian shares track Wall Street's inflation-fueled retreat
TOKYO (AP) — Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries over the impact of high inflation.
May 18, 2022 10:37 PM
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Interrogation, uncertainty for surrendering Mariupol troops
KYIV, Ukraine (AP) — Nearly 1,000 last-ditch Ukrainian fighters who had held out inside Mariupol's pulverized steel plant have surrendered, Russia said Wednesday, as the battle that turned the city into a worldwide symbol of defiance and suffering dr
May 18, 2022 10:22 PM
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BlackBerry forecasting annual revenues nearly doubling in five years
WATERLOO, ONTARIO — BlackBerry Ltd. is forecasting that revenues will nearly double over the next five years with growth from internet of things (IoT) outpacing cybersecurity. The Waterloo, Ont.-based company, which reports in U.S.
May 18, 2022 7:12 PM
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