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Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health
NEW YORK (AP) — Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.
Feb 16, 2024 10:38 AM
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Fairfax Financial Holdings reports Q4 profit down from year earlier
TORONTO — Fairfax Financial Holdings Ltd. reported a fourth-quarter profit attributable to shareholders of US$1.3 billion, down from US$2.3 billion a year earlier. The company, which keeps its books in U.S. dollars, says the profit amounted to US$52.
Feb 16, 2024 10:22 AM
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TC Energy open to exceeding $3B asset divestiture target this year: CEO
CALGARY — TC Energy Corp.
Feb 16, 2024 10:22 AM
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'No longer viable': Ontario electronics retailer Factory Direct to liquidate stores
TORONTO — An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business.
Feb 16, 2024 10:00 AM
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US wholesale inflation accelerated in January in latest sign that prices picked up last month
WASHINGTON (AP) — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated.
Feb 16, 2024 8:51 AM
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Personal and household goods help boost December wholesale sales: Statistics Canada
OTTAWA — Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain rose 0.3 per cent to $82.9 billion in December.
Feb 16, 2024 8:38 AM
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Mithaq lets Aimia takeover offer expire after not enough shares tendered
TORONTO — Mithaq Capital SPC says it's dropping its hostile takeover offer for Aimia Inc. after not enough shares were tendered before the bid expired on Thursday.
Feb 16, 2024 7:25 AM
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Beyond the shelf: How grocers decide what gets donated and what gets dumped
TORONTO — On a cool-but-sunny February day in Toronto’s west end, a temperature-controlled truck pulls up at the rear of a Metro grocery store, where pallets of food about to reach their sell-by date sit waiting.
Feb 16, 2024 3:00 AM
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WestJet CEO apologizes for accessibility failures, defends airline's record
WestJet chief executive Alexis von Hoensbroech apologized for incidents where the airline failed to accommodate people living with disabilities, saying he hopes to improve travel accessibility.
Feb 15, 2024 8:10 PM
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Rogers urges CRTC to prioritize costs of companies that build internet networks
Rogers Communications Inc. says the telecom regulator should phase out its current approach to wholesale network access, which requires smaller internet companies to pay a set rate to larger ones to use their networks and then sell to Canadians.
Feb 15, 2024 7:28 PM
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