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Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

KUALA LUMPUR, Malaysia — Malaysia’s government said Friday it has reached a $3.
Simon-backed venture makes offer to buy Brooks Brothers

Simon-backed venture makes offer to buy Brooks Brothers

NEW YORK — A retail venture owned by licensing company Authentic Brands Group and mall owner Simon Property Group has entered into an agreement to buy the iconic Brooks Brothers for $305 million.
AP-NORC poll: Nearly half say job lost to virus won't return

AP-NORC poll: Nearly half say job lost to virus won't return

WASHINGTON — Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic now believe those jobs are lost forever, a new poll shows, a sign of increasing pessimism that would translate into roughly 10 million workers n
Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%

Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%

Canadian consumers flocked to online shopping as the measures to combat the COVID-19 pandemic were enacted, according to a Statistics Canada report. A new report from the agency found that total retail sales fell by 17.

FAA orders emergency engine checks of parked Boeing 737s

WASHINGTON — Safety regulators issued an emergency order directing airlines to inspect and if necessary replace a critical engine part on popular Boeing 737 jets after four reports of engines shutting down during flights.
US new home sales jump 13.8% in June

US new home sales jump 13.8% in June

WASHINGTON — Sales of new homes rose a sharp 13.8% in June, the second straight increase after two months when sales plunged as the country went into lockdown because of the coronavirus.
Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21

Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21

ST. JOHN'S, N.L. — Declining oil revenues coupled with costs associated with the COVID-19 pandemic has Newfoundland and Labrador projecting a $2.1-billion deficit for fiscal 2020-21 — an increase of $1.35 billion from last year's budget.
Canfor earns $60.7 million in Q2 due to improved demand and prices

Canfor earns $60.7 million in Q2 due to improved demand and prices

VANCOUVER — Canfor Corp. says its results turned positive in the second quarter on a large reversal of a writedown in its lumber operations due to improved demand and prices towards the end of the quarter.
Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

TORONTO — Aecon Group Inc. swung to a loss in the second quarter as some construction projects were slowed by the COVID-19 pandemic and its stake in Bermuda's airport operations was hurt by a suspension of flights.

BDC records $218M net loss for 2020 fiscal year, remains confident

MONTREAL — The Business Development Bank of Canada says its priorities changed this year due to the COVID-19 pandemic and it shifted to provide more liquidity during the economically challenging time. The BDC says its clients accepted $7.
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