Articles by admin

Ron Joyce, Canadian businessman and co-founder of coffee and donut chain Tim Horton’s has died at the age of 88, according to a statement from the Joyce Family Foundation.

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Bombardier Inc faces financial penalties for the late delivery of three vehicles, a Toronto-area transportation agency said on Friday, as the Canadian maker of planes and trains comes under additional pressure for the performance of its largest division by revenue.

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General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Pentagon said on Friday.

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The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least $7 million from former chief executive Lloyd Blankfein until investigations into the bank’s involvement in the 1MDB scandal are resolved.

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Senator Amy Klobuchar, the top Democrat on the Senate Judiciary Committee’s antitrust panel, said on Friday that she had re-introduced two bills aimed at strengthening enforcement of U.S. antitrust law.

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A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.

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U.S. companies are beating analysts’ expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019.

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Toyota Motor Corp on Friday reported a 6.6 percent fall in U.S. vehicle sales for January, hurt by lower demand for its Camry and Prius cars.

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Wall Street indexes were mixed on Friday, as optimism from a surge in January U.S. job growth was offset by a weaker-than-expected outlook from Amazon.com Inc that battered retail stocks.

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Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter.

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Senior General Motors Co executives met this week with Ohio’s two senators and other lawmakers on Capitol Hill after African American employees sued the automaker accusing it of allowing a racially hostile work atmosphere.

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Bond yields rose on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, while a gloomy outlook from Amazon.com helped drag a gauge of global equity markets lower

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Foxconn Technology said on Friday it will build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans.

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Delta Air Lines Inc is redoubling efforts to sell an oil refinery in Trainer, Pennsylvania, after attempts to divest a stake in the plant late last year failed, according to two people familiar with the matter.

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Former pizza chain executive Herman Cain, who is under consideration for a seat on the Federal Reserve’s board of governors, said on Friday the U.S. central bank should be more concerned about deflation than inflation.

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