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Centerra Gold stock falls after Kyrgyz Republic state firm says it will divest shares

Centerra Gold stock falls after Kyrgyz Republic state firm says it will divest shares

CALGARY — The Kyrgyz Republic state company that owns 26 per cent of the shares of Canadian miner Centerra Gold Inc. says in a regulatory filing it intends to sell about 19 per cent of its holdings. Centerra's shares fell by as much as 6.
Quebec businessman Pierre Karl Peladeau no longer interested in buying Transat AT

Quebec businessman Pierre Karl Peladeau no longer interested in buying Transat AT

MONTREAL — Transat A.T. says negotiations about a takeover offer from Pierre Karl Peladeau ended Thursday, while the Quebec businessman says that he was no longer interested in acquiring the tour operator.
Statistics Canada says wholesale and manufacturing sales climbed higher in March

Statistics Canada says wholesale and manufacturing sales climbed higher in March

OTTAWA — Canadian wholesale and manufacturing sales in both climbed higher in March after pulling back in February. Statistics Canada said Friday manufacturing sales hit their highest level since June 2019 as they climbed 3.5 per cent to $57.
Irish health system targeted in 'serious' ransomware attack

Irish health system targeted in 'serious' ransomware attack

LONDON (AP) — Ireland's health service shut down its IT systems on Friday after being targeted in a ransomware attack by what it called “international criminals.
US industrial output rose a modest 0.7% amid shortages

US industrial output rose a modest 0.7% amid shortages

WASHINGTON (AP) — U.S. industrial production increased for a second straight month in April as more factories came online after being shutdown by winter ice storms.
SNC-Lavalin Group reports first-quarter profit compared with loss a year ago

SNC-Lavalin Group reports first-quarter profit compared with loss a year ago

MONTREAL — SNC-Lavalin Group Inc. reported a profit attributable to shareholders of $73 million in its latest quarter compared with a loss of nearly $66 million in the same quarter last year.
Onex reports US415-million Q1 profit compared with loss a year ago

Onex reports US415-million Q1 profit compared with loss a year ago

TORONTO — Onex Corp. reported a net profit of US$415 million in its latest quarter compared with a net loss of US$997 million in the same quarter last year. The private equity investment firm, which keeps its books in U.S.

Hip-hop's Mally Mall gets prison in Vegas prostitution case

LAS VEGAS (AP) — Hip-hop music figure Jamal “Mally Mall” Rashid was sentenced Thursday in Las Vegas to 33 months in federal prison for owning and operating a prostitution business disguised as an escort enterprise, federal prosecutors and his defense
Kansas City Southern to scrap CP deal after revised US$33.6-billion offer from CN

Kansas City Southern to scrap CP deal after revised US$33.6-billion offer from CN

Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway's revised US$33.6-billion offer was superior.
Power Corp. Q1 profit nearly triples to $556 million on lift from insurance business

Power Corp. Q1 profit nearly triples to $556 million on lift from insurance business

MONTREAL — Power Corp. says its first-quarter profit nearly tripled from the prior year as it realized big gains from its life insurance business.