Increased provisions for a product recall and the pandemic's impact on the installation of its medical equipment hurt the company in the fourth quarter.
Crown Resorts Ltd's shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses. Crown's Chairman Ziggy Switkowski said the company would delay a conclusive Federal Court hearing - earlier scheduled for next week - to week starting June 6, as it was unsure of securing regulatory assent before that. In the scheme meeting, 92.1% Crown shareholders voted in favour of the deal, while 99.9% of the votes were in approval.
Canadians are growing increasingly pessimistic about the economy as inflation drives up the cost of nearly everything and higher interest rates loom. The Conference Board of Canada said Friday consumer confidence decreased 11.7 points in May — the largest monthly drop since the pandemic’s onset. The consumer confidence index now sits at 88.1 points, down from the 2019 average of 113.6, according to a new survey of 3,047 people conducted in May. The poll indicated optimism over current finances e
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KOENIGSWINTER, Germany (AP) — Finance ministers for the Group of Seven leading economies grappled Thursday with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U.S. Treasury Secretary Janet Yellen promising that the allies would put together enough additional aid to help Ukraine “get through this.” “All of us pledged to do what's necessary to fill the gap,” Yellen said as the ministers finished their first of two days of talks. Although she did not have a
Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the "Company") reports that it has entered into an agreement ("Agreement") with Sakumpu Exploration OY ("Sakumpu"), a 100% held subsidiary of ASX listed, S2 Resources ("S2") (ASX: S2R) to acquire the Keulakkopää exploration permit in the Central Lapland Greenstone Belt, Finland.
COMPTON, Calif. (AP) — The driver of a Tesla operating on autopilot must stand trial for a crash that killed two people in a Los Angeles suburb, a judge ruled Thursday. There is enough evidence to try Kevin George Aziz Riad, 27, on two counts of vehicular manslaughter, a Los Angeles County judge said. A judge ruled Thursday that a trial can proceed against a Tesla Model S driver in a 2019 crash that left two people dead in Gardena. It is believed to be the first felony prosecution in the U.S. ag
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ST. PAUL, Minn. (AP) — A proposal to legalize sports betting survived a test Thursday amid lawmakers' efforts to pull together the pieces of a package to spend Minnesota's enormous budget surplus with just days remaining in the legislative session. The bill, authored by Republican Sen. Roger Chamberlain, of Lino Lakes, would allow tribal casinos and the state's two horse racing tracks to offer sports betting on mobile devices and in-person. It differs from its House counterpart, which would only
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New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh. "The Indian Regional Office will be instrumental in enhancing NDB's engagement with borrowers and stakeholders," NDB President Marcos Troyjo said in a statement.
Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTC: SUPGF) is pleased to announce the filing of its management information circular for its upcoming Annual General Meeting on June 23, 2022, which includes the nomination of Mr. Michael Pesner to the Board of Directors of the Company as an independent director. After five years as Chairman of the Board, Mr. Mark Wellings will not be seeking re-election due to other professional commitments. Mr. René Marion, currently an Indepen
NEW YORK (AP) — Former President Donald Trump has paid the $110,000 in fines he racked up after being held in contempt of court for being slow to respond to a civil subpoena issued by New York’s attorney general. Trump paid the fine Thursday but must still submit additional paperwork in order to have the contempt order lifted, the office of Attorney General Letitia James said Friday. A message seeking comment was left Friday with Trump’s lawyer. A Manhattan judge declared Trump in contempt of co
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Lumiera Health Inc. (TSXV: NHP) (the "Company" or "Lumiera "), a company specializing in the development and commercialization of natural health products, is pleased to announce the results of its annual general and special meeting of shareholders (the "Meeting"), which was held May 19, 2022 by webcast. All of the nominees listed in the Company's management information circular dated April 14, 2022, were elected as directors.
VATICAN CITY (AP) — The Vatican’s financial trial took a series of surreal turns Thursday when a former suspect-turned-star witness was thrown out of the tribunal and a defendant asserted in court documents that she escorted two emissaries of Russian President Vladimir Putin into the Holy See to negotiate the return of holy relics to the Russian Orthodox Church. The developments turned an otherwise mundane cross-examination of a onetime Vatican power broker about the Vatican's investment strateg
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Existing home sales fell 2.4% to a seasonally adjusted annual rate of 5.61 million units last month, the lowest level since June 2020 when sales were rebounding from the COVID-19 lockdown slump. The bulk of April's sales were likely closings on contracts signed one to two months ago before mortgage rates started their rapid ascent. A further decline in sales is likely as contracts decreased for the fifth straight month in March.
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