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Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEO
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away.
May 9, 2024 11:05 AM
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Fintrac imposes $6 million fine on cryptocurrency exchange Binance Holdings
OTTAWA — The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd. Fintrac says Binance failed to register with the agency as a foreign money services business.
May 9, 2024 10:44 AM
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How to find a financial adviser that aligns with your goals, money management style
From certified financial planners to wealth managers, chartered professional accountants to money coaches, there are no shortage of people out there providing financial advice and services.
May 9, 2024 10:00 AM
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Brookfield Corp. reports Q1 distributable earnings up, US$150B in deployable capital
TORONTO — Brookfield Corp. reported distributable earnings of US$1.22 billion for the first quarter, up from $1.
May 9, 2024 9:44 AM
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US weekly jobless claims hit highest level since August of 2023, though job market is still hot
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening.
May 9, 2024 9:24 AM
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Bank of England keeps interest rate at 5.25% for 6th time, seeks more proof inflation under control
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards imminently as inflation falls towards its target.
May 9, 2024 7:13 AM
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'Who Owns Outer Space?' wins Donner Prize for best public policy book by a Canadian
TORONTO — A book about the legal implications of developing outer space has won the $60,000 Donner Prize.
May 8, 2024 9:15 PM
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Former Las Vegas casino executive sentenced to year of probation in bookmaking money laundering case
LOS ANGELES (AP) — A former top executive for major Las Vegas casinos was sentenced to a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash.
May 8, 2024 7:03 PM
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Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
LONDON (AP) — Thousands of ride-or-die Taylor Swift fans who missed out on her U.S. concert tour last year or didn't want to buy exorbitantly priced tickets to see her again found an out-of-the-way solution: Fly to Europe.
May 8, 2024 7:02 PM
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Power Corp. reports net earnings of $709 million in first quarter
MONTREAL — Power Corp. of Canada says its net earnings for the first quarter were $709 million, up from $313 million a year earlier. The Montreal-based management and holding company says net earnings per share were $1.
May 8, 2024 6:24 PM
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