https://i.cbc.ca/1.4174169.1498170293!/fileImage/httpImage/image.jpg_gen/derivatives/original_620/cathy-doyle-winnipeg-sears-pop-up-shop.jpg

Economy

The plan was disclosed early Friday in a filing by Seritage Growth Properties, the landlord for more than 200 Sears and Kmart properties. A Sears Home store in northwest Edmonton will be closing along with 12 other Sears locations in Alberta as part of a larger restructuring across Canada.
  • Iran condemns new USA missile sanctions

    Iran condemns new USA missile sanctions

    Economy

    During his presidential campaign, the U.S. leader repeatedly called the accord with Iran "the worst deal ever", and Vice President Mike Pence threatened to rip it up. The decision comes before a Friday presidential election in Iran, in which moderate President Hassan Rouhani is fighting for a second term against hardline cleric Ebrahim Raisi , who has called for a tougher stance against the West.
  • Iowa swears in new governor as former governor becomes Chinese ambassador

    Iowa swears in new governor as former governor becomes Chinese ambassador

    Economy

    She said her second priority will be renewing the state's energy policy. She adds she's ready to hit the ground running when she becomes the next governor of Iowa. "I am incredibly honored to stand before you as the governor of this great state", Reynolds said, after taking her oath. Terry Branstad is now officially Ambassador Terry Branstad.
  • Real Reason Trump Called Manchester Bomber A 'Loser'

    Real Reason Trump Called Manchester Bomber A 'Loser'

    Economy

    Trump added that "I will call them from now on losers because that's what they are". Children were among 22 people killed and dozens injured in the suspected suicide bombing on Monday night at a pop concert by United States star Ariana Grande in Britain's deadliest extremist attack in 12 years.
  • Scotland stun England to seal second successive London Sevens crown

    Scotland stun England to seal second successive London Sevens crown

    Economy

    Trailing 21-0 at half-time it seemed like that sorry statistic had the shelf life of atomic waste. Head coach Innocent Simiyu only managed to reach two Main Cup Quarter finals in Cape Town and Singapore, a massive drop in performance compared to last season where Kenya finished seventh on 98 points under the management of head coach Benjamin Ayimba.
  • Barracks Road AT&T Employees Go on Strike

    Economy

    This company made $13 billion in profits past year, but is now denying its workers, who are making this company so profitable, the contract they deserve. "This is a warning to AT&T: there's only one way out of this now-a fair contract-and we'll settle for nothing less". About 25 people are holding signs on the picket line in front of the AT&T store.
  • Disney's unreleased film claimed to be held for ransom by hackers

    Disney's unreleased film claimed to be held for ransom by hackers

    Economy

    Disney's next two upcoming major movies are "Pirates of the Caribbean: Dead Men Tell No Tales, " which is scheduled to open on May 26, and " Cars 3 ", which is scheduled to open on June 16. may be facing a slightly different ransom situation of its own. Disney did not immediately respond to a Guardian query seeking confirmation. Monsegur says that it's not necessarily the large companies such as Disney and Netflix that have weaknesses, but the smaller vendors and post-production ...
  • G-7 nations seek ways to make growth help more people

    Economy

    Finance ministers and central bank governors from the Group of Seven (G7) countries on Saturday pledged to use all available means to boost economic recovery and make global growth more inclusive. Mnuchin spoke after face-to-face meetings with major trade partners such as Germany, Japan and Canada at the Group of Seven finance ministers' meeting in Bari , Italy.
  • Australia's BHP heads back to roots, drops Billiton from its name

    Australia's BHP heads back to roots, drops Billiton from its name

    Economy

    Dropping the name Billiton will see the multi-commodity miner be simply known as BHP, returning to its Australian roots when it was known as Broken Hill Proprietary Co Ltd, Reuters said. Two years later, he hived off numerous former Billiton assets - including the aluminium, manganese... The re-brand comes as the company faces pressure from USA hedge fund Elliott International to shift its primary stock market listing away from Australia.
  • US retail sales rebounded in April after sluggish winter

    US retail sales rebounded in April after sluggish winter

    Economy

    Store sales rose for electronics and appliances by 1.3%, sporting goods, hobby, book and music by 0.6%, and health and personal care by 0.8%. Retail control-group sales, which are used to calculate GDP and exclude the categories of food services, auto dealers, building materials outlets and gasoline stations, rose 0.2 per cent after a 0.7 per cent March gain that was the biggest since April 2016.
  • Tesla's new Solar Roof comes with a warranty that lasts forever

    Tesla's new Solar Roof comes with a warranty that lasts forever

    Economy

    Tesla expects the costs to pay off over 30 years. " Solar Roof complements a home's architecture while turning sunlight into electricity", the company said in a blog post . "Buying a roof is often a worse experience than buying a vehicle through a dealership" - another industry Tesla has disrupted - so the company says it's trying to be upfront with costs by sharing a calculator.
  • Oil gains on more support for OPEC cuts

    Oil gains on more support for OPEC cuts

    Economy

    The commodities research team at Goldman Sachs this week reiterated a base case the USA benchmark West Texas Intermediate price to $50 per barrel and spot prices of $55 per barrel in 3 months. As U.S. crude dipped below US$46 per barrel on Tuesday, Citibank says the "market is too complacent on price recovery". The cartel abandoned its traditional strategy of limiting supply to support prices between 2014 and 2016, stepping up production and causing a plunge in prices to under $30 per ...
  • S&P, Nasdaq pare gains after hitting record highs

    S&P, Nasdaq pare gains after hitting record highs

    Economy

    While the low volatility that has marked the prior two weeks is certainly anomalous, it is part and parcel of the more general trend of declining market moves. Brent crude futures were last down 1.1 percent at $48.80 a barrel while West Texas Intermediate was off 1 percent at $45.96. It is worth noting that the low level of actual volatility explains the low readings seen for the CBOE volatility index (STOXX:.VIX), or the VIX.
  • Hertz Shares Plunge After Company Widens Loss, Misses Expectations

    Economy

    Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Hertz Global Holdings, Inc (NYSE: HTZ ) late Monday posted much worse than expected first quarter earnings results , reporting a massive loss amid a drop in sales.
  • Rajnath Singh calls for unified command and aggressive action against Maoists

    Rajnath Singh calls for unified command and aggressive action against Maoists

    Economy

    Addressing a meeting of chief ministers of Naxal-hit states, Singh said a large number of Naxal cadres have been killed and many others have surrendered since 2014. "We need to use high resolution cameras, Global Positioning System, thermal imaging, radar and satellite images". Several States also raised the issue of discontinuation of central schemes such as Special Infrastructure Scheme (SIS) and Integrated Action Plan (IAP) and a considerable reduction in central funds as an impediment to ...
  • Baba Ramdev to launch fast food chain to take on KFC, McDonald's

    Baba Ramdev to launch fast food chain to take on KFC, McDonald's

    Economy

    The company is also strengthening its distribution network to reach more consumers across the country. The Ayurveda major clocked in Rs Rs 10,216 crore in FMCG and ayurveda sales during 2016-17, leaving behind Nestlé India (Rs 9,159 crore) and Godrej Consumer (Rs 9,134 crore), reports Business Standard .
  • Oil trades near five-month lows despite Saudi assurances on cuts

    Economy

    Market volatility and trading volumes surged. "If OPEC comes out with a negative message and no cooperation the market might trade down to $45", Mr. Oil prices stabilized in Asian trading Friday after hitting a five-month low while regional stock benchmarks headed lower in holiday-thinned trading.
  • Google agrees to pay $335 million in Italy tax dispute

    Google agrees to pay $335 million in Italy tax dispute

    Economy

    Tax officials said the settlement announced Thursday also launches a process to determine the tech company's proper taxation level in Italy going forward. Reports at the time said the payment was a discounted settlement of over 800 million euros of unpaid corporation tax, one of several disputes arising from a United States multinational basing European operations in Ireland.
  • Planners relocate National Day of Prayer event indoors

    Planners relocate National Day of Prayer event indoors

    Economy

    On this day, counties across America invite their communities and people of all faiths to pray for our nation. Violence, war, poverty and a decaying morality has left the country frail and in need of the strength, fellowship and unity provided by prayer .
  • MMA: UFC to introduce new flyweight category for women fighters

    MMA: UFC to introduce new flyweight category for women fighters

    Economy

    This is a big move for the promotion as UFC President, Dana White had previously insisted that he wasn't ready to add another weight class to the women's division, but he seems to have had a change of heart after listening to the fighters who would rather compete at a more natural Flyweight.
  • US trade deficit narrows in March

    US trade deficit narrows in March

    Economy

    Canada's trade surplus with the US narrowed to $4 billion in March (previously $4.5 billion), while its deficit with the rest of the world narrowed to $4.1 billion (previously $5.6 billion). Imports from countries other than the U.S. also increased, up 1.2 per cent, on higher purchases of crude oil from Saudi Arabia, and goods from Britain.
  • Marchers use Trump's 100th day to protest climate policies

    Economy

    Huh). Many at the People's Climate March are angered at Trump's moves to rollback environmental protections put in place by the previous administration. In December 2015, the US joined almost 200 other countries to sign the Paris climate deal, aimed at keeping temperature rise within a somewhat safe level.