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Appeals court affirms conviction of coal CEO in deadly blast

Appeals court affirms conviction of coal CEO in deadly blast

MORGANTOWN, W.Va. — A federal appeals court affirmed the criminal conviction of former Massey Energy CEO Don Blankenship on Thursday in connection with the deadliest U.S. mine disaster in four decades. The 4th U.S.

Hotelier Schrager says pardon by Obama will bring closure

NEW YORK — Hotelier and real estate developer Ian Schrager says his presidential pardon will bring important closure for him and his family. Schrager was sentenced in 1980 to 20 months behind bars for tax evasion.

Manufacturing sales top expectations for November, gaining 1.5 per cent

OTTAWA — Canadian manufacturing sales topped expectations in November as they climbed 1.5 per cent in the month to $51.8 billion. Economists had expected a gain of 1.0 per cent for the month, according to Thomson Reuters.
Russian business world hopes for relief from Trump

Russian business world hopes for relief from Trump

DAVOS, Switzerland — Few people are more eager for Donald Trump's arrival in the White House than those who do business in Russia. Hacking scandals? They expect that to blow over.

Markets Right Now: Stocks move lower in midday trading

NEW YORK — The latest on developments in financial markets (All times local): 11:45 a.m. Indexes are trading mostly lower at midday on Wall Street as higher bond yields deal a blow to high-dividend stocks like real estate companies.
Sweden not giving up fight over lobster imports

Sweden not giving up fight over lobster imports

PORTLAND, Maine — Sweden isn't giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters.
'The Founder' director on parallels between Trump and McDonald's kingpin Kroc

'The Founder' director on parallels between Trump and McDonald's kingpin Kroc

TORONTO — When director John Lee Hancock started shooting "The Founder," about how Ray Kroc built the McDonald's empire from a small burger chain launched by two brothers, Donald Trump had not yet announced his candidacy for U.S. president.

Starwood to buy Milestone Apartments assets in US$2.85-billion friendly deal

TORONTO — Milestone Apartments Real Estate Investment Trust (TSX:MST.UN) has signed a deal to be acquired by an affiliate of Starwood Capital Group in a transaction valued at US$2.85 billion.

US stock indexes tread water; bond yields climb

NEW YORK — Railroad stocks chugged higher Thursday, but drops for utilities and other companies that pay big dividends meant U.S. stock indexes dipped modestly. Treasury yields continued their upward march.
Average US 30-year mortgage rate falls to 4.09 per cent

Average US 30-year mortgage rate falls to 4.09 per cent

WASHINGTON — Long-term US mortgage rates marked their third week of declines this week, after snapping a nine-week run of increases. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans fell to an average 4.