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Pet Valu sees profits dip but revenues surge amid major store expansion

Pet Valu sees profits dip but revenues surge amid major store expansion

MARKHAM, Ont. — Pet Valu Holdings Ltd. is reporting a drop in profits despite major sales growth in its latest quarter. In the three months ended July 1, the pet food and supplies retailer says net income fell by $1.
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Barrick Gold beats expectations despite major drop in profits

Barrick Gold beats expectations despite major drop in profits

TORONTO — Barrick Gold Corp. is reporting a plunge in profits due to lower production and higher costs, even as the gold miner beat earnings expectations.
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FAA warns of safety hazard from overheating engine housing on Boeing Max jets during anti-icing

FAA warns of safety hazard from overheating engine housing on Boeing Max jets during anti-icing

U.S. regulators are warning airlines to limit the use of an anti-icing system on Boeing 737 Max jets in dry air to avoid overheating engine-housing parts, which could cause them to break away from the plane.
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Tilray to buy eight beer brands from Anheuser-Busch, tripling its beverages on tap

Tilray to buy eight beer brands from Anheuser-Busch, tripling its beverages on tap

Tilray Brands Inc. is expanding its case of craft brews, announcing a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC. In a filing with the U.S.
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China's July exports tumble by double digits, adding to pressure to shore up flagging economy

China's July exports tumble by double digits, adding to pressure to shore up flagging economy

BEIJING (AP) — China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Exports fell to $281.8 billion as the decline widened from June’s 12.
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The Mega Millions jackpot has soared to $1.55 billion. Here's how hard it is to win

The Mega Millions jackpot has soared to $1.55 billion. Here's how hard it is to win

NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are extremely slim . After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion .
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Stock market today: Wall Street rises to regain momentum after last week's lull

Stock market today: Wall Street rises to regain momentum after last week's lull

NEW YORK (AP) — Stocks closed higher as Wall Street regained momentum after its big rally for the year took a pause last week. The S&P 500 rose 0.9% Monday to recover more than a third of its loss from last week.
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Canadian Armed Forces to phase out old housing benefit over three years

Canadian Armed Forces to phase out old housing benefit over three years

OTTAWA — The Canadian Armed Forces has created a new program to gradually phase out its old housing benefit after hearing feedback from military members who were set to lose the payments.
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WSP Global sells subsidiary of Louis Berger engineering firm to U.S.-based Versar

WSP Global sells subsidiary of Louis Berger engineering firm to U.S.-based Versar

MONTREAL — WSP Global Inc. says it has sold Louis Berger Services Inc. to Versar Inc. less than five years after buying the engineering and design firm's parent company. Montreal-based WSP acquired Louis Berger Holdings Inc.
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Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

DUBAI, United Arab Emirates (AP) — Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.
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