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LVMH files countersuit against Tiffany over $14.5B deal

LVMH files countersuit against Tiffany over $14.5B deal

NEW YORK — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $14.5 billion acquisition of the jewelry chain have not been met.

Pieridae signs Bechtel as engineer and builder of Nova Scotia LNG export project

CALGARY — Pieridae Energy Ltd. says it has hired a new engineering firm to replace one that left its East Coast liquefied natural gas export project in July. The Calgary-based company says international engineering firm Bechtel Corp.
Struggling outdoor equipment retailer MEC opposes efforts to pause sale to Kingswood

Struggling outdoor equipment retailer MEC opposes efforts to pause sale to Kingswood

VANCOUVER — Beleaguered outdoor recreation retailer Mountain Equipment Co-op is opposing a proposed delay of the company’s sale to a U.S. private investment firm, saying there is “significant urgency” to closing the deal.
Air travel rebound is not yet on the radar, border services passenger numbers show

Air travel rebound is not yet on the radar, border services passenger numbers show

Figures from the Canada Border Services Agency show international air travel remains severely depressed due to fallout from the COVID-19 pandemic.
Shopify's Finkelstein becomes president, Lutke adds product officer role

Shopify's Finkelstein becomes president, Lutke adds product officer role

OTTAWA — Shopify Inc. says it is shuffling its executives and saying goodbye to a member of its leadership team.
Consumer confidence posts solid gain to 101.8 in September

Consumer confidence posts solid gain to 101.8 in September

WASHINGTON — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were the norm before the pandemic struck.
CRTC to keep wholesale internet rates steady while reviewing decision to slash prices

CRTC to keep wholesale internet rates steady while reviewing decision to slash prices

TORONTO — Bell Canada and several cable companies including Rogers Communications will be able to keep their wholesale internet rates as they are while the federal telecommunications regulator reviews its decision to cut them.

S&P CoreLogic Case-Shiller: US home prices rise 3.9% in July

WASHINGTON — U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the midst of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 3.
United Airlines pilots approve deal that delays furloughs

United Airlines pilots approve deal that delays furloughs

Pilots at United Airlines voted to approve an agreement that will avoid about 2,850 furloughs that were set to take effect later this week and another 1,000 early next year.
COVID-related delays increase costs of Nalcor Energy's Muskrat Falls project

COVID-related delays increase costs of Nalcor Energy's Muskrat Falls project

ST. JOHN'S, N.L. — Delays related to software problems and to the COVID-19 pandemic are pushing up the cost of the Muskrat Falls hydroelectric project by hundreds of millions of dollars.