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Health officials investigating complications with compounded drugs from Tennessee pharmacy
WASHINGTON – Government health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy. The Food and Drug Administration said Friday the problems involve seven patients who received steroid injections from Main Street Family Pharmacy, a compounding pharmacy in Newbern, Tenn. Tennessee health
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IMF chief Lagarde named key witness in investigation of payoff to French business tycoon
PARIS – IMF chief Christine Lagarde says a Paris court has named her as a key witness in an investigation into a controversial payoff to an outspoken businessman arranged while she was France’s finance minister. The status of “assisting witness” means that Lagarde could later be charged in the case. The court assigned her the
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US orders for durable goods rise 3.3 per cent in April, helped by gain in business investment
WASHINGTON – U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and an increase in products that signal business investment. Orders for durable goods, items expected to last at least three years, rose 3.3 per cent last month from March, the Commerce Department said Friday. That followed a 5.9
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U.S. markets headed lower amid durable goods data, long weekend
TORONTO – North American markets were set to a lower open Friday amid better-than-expected durable goods data for April, and a long holiday weekend in the U.S. The Dow Jones industrial futures fell 46 points to 15,243, the Nasdaq futures drifted lower by 13.75 points to 2,978.50, while the S&P 500 futures index dipped 7.6
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Calif. bill would require product makers to help reduce plastic trash polluting the ocean
SAN FRANCISCO – It’s a common sight on the nation’s beaches: among the sand, sea foam and gnarled kelp lay plastic bottles, bags and other garbage. Each year cleanup crews throughout the U.S. collect millions of pounds of plastic trash from beaches and coastal waterways, with the biggest numbers coming from California’s 1,100-mile coastline. Once
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Sears reports bigger-than-expected loss for 1st quarter
NEW YORK, N.Y. – Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales. The operator of Sears and Kmart stores also said it’s considering strategic options for its service-agreement business, such as selling it off, to raise cash. Service agreements are when
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87-year-old woman loses to Donald Trump at trial alleging bait and switch by ‘Apprentice’ star
CHICAGO – An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday — she lost. Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg’s claim that Trump cheated her in a condo bait-and-switch scheme. The federal jury in Chicago returned with a finding in Trump’s favour.
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US new home sales rise 2.3 per cent in April while median home prices hit record high
WASHINGTON – U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. New-home sales increased 2.3 per cent in April from March to a seasonally adjusted annual rate of 454,000, the Commerce
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Loonie heads higher despite disappointing Chinese manufacturing data
TORONTO – The Canadian dollar headed higher Thursday despite weaker-than-expected manufacturing data from China. The loonie was ahead 0.39 of a cent to 96.80 cents US, recovering from an 11-month low on Wednesday. HSBC reported that its preliminary Purchasing Managers Index fell to a seven-month low of 49.6 in May from April’s 50.4. Numbers below
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TSX, U.S. indexes fall as world markets plunge on Chinese manufacturing data
TORONTO – Toronto and U.S. stock markets racked up losses Thursday amid a contraction in Chinese manufacturing that drove the Japanese market down to levels not seen in more than two years. The S&P/TSX composite index fell 98.14 points to 12,654.36, while the Canadian dollar rose 0.58 of a cent to 96.99 cents US. On