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McDonald's era in Russia coming to a close, restaurants sold

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.

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.
More Americans apply for jobless benefits last week

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.

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.

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.

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.
Asian shares track Wall Street's inflation-fueled retreat

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.
Interrogation, uncertainty for surrendering Mariupol troops

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
BlackBerry forecasting annual revenues nearly doubling in five years

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.
China lifts restrictions on Canadian canola: Ottawa announces

China lifts restrictions on Canadian canola: Ottawa announces

OTTAWA — A three-year Chinese ban on Canadian canola has come to an end, according to the federal government.