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Landlords sue Hudson's Bay for unpaid rent, retailer says malls aren't 'first class'
Two Hudson's Bay Co. landlords are suing the retailer for unpaid rent, alleging the iconic department store that anchors shopping malls across Canada hasn't paid its bills at multiple locations since April.
Oct 14, 2020 3:35 PM
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Pilgrim's Pride reaches plea deal on chicken price-fixing
Pilgrim’s Pride Corp. has reached a plea agreement with the U.S. government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim’s Pride would pay a fine of $110.
Oct 14, 2020 11:39 AM
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Bank of America profit falls 15.6% in third quarter
CHARLOTTE, N.C. — Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy.
Oct 14, 2020 11:32 AM
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Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss
SILVER SPRING, Md.
Oct 14, 2020 11:32 AM
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Goldman Sachs profits nearly doubles, helped by trading
CHARLOTTE, N.C. — Goldman Sachs said Wednesday that its profits jumped sharply in the third quarter, helped by a strong performance by its trading desks and less need to set aside funds to cover potentially bad loans.
Oct 14, 2020 11:31 AM
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Walmart to spread out deals to avoid Black Friday crowds
NEW YORK — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.
Oct 14, 2020 11:31 AM
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Veteran Cathedral Energy Services CEO announces plan to retire in April
CALGARY — Cathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.
Oct 14, 2020 11:11 AM
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Wealthsimple raises $114 million in latest round as valuation hits $1.4 billion
TORONTO — Online investment firm Wealthsimple Technologies Inc. has reached unicorn status after raising $114 million from a group of investors led by U.S. venture capital firm TCV. The deal announced Wednesday values the Toronto-based company at $1.
Oct 14, 2020 10:34 AM
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Restaurant Brands expects to report Q3 revenue between US$1.32B and US$1.34B
TORONTO — Restaurant Brands International Inc. says it expects to report third-quarter revenue between US$1.32 billion and US$1.34 billion.
Oct 14, 2020 9:46 AM
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US wholesale prices up 0.4% in September as food costs surge
WASHINGTON — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May.
Oct 14, 2020 9:21 AM
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