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  • Fed weighs key questions this week on reversing its low-rate policies but may reveal little

    Martin Crutsinger, The Associated Press 0


    WASHINGTON – This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How will it do so? And when

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  • Speaker of the House John Boehner, R-Ohio, arrives for a meeting of the Republican Conference on Capitol Hill in Washington, Tuesday, July 29, 2014. (AP Photo/J. Scott Applewhite)

    House Republicans set Thursday vote on $659 million bill for border crisis

    Erica Werner, The Associated Press 0


    WASHINGTON – House Republicans have agreed to vote on a slimmed-down bill to address the immigration crisis on the U.S.-Mexico border by sending in National Guard troops and speeding unaccompanied migrant youths back to Central America. The bill will cost $659 million through the end of this fiscal year, far smaller than the $3.7 billion

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  • US consumer confidence rises to 90.9 in July, strongest reading since October 2007

    Martin Crutsinger, The Associated Press 0


    WASHINGTON – U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board’s confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began. It was the

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  • BlackBerry acquires anti-eavesdropping firm SecuSmart for an undisclosed amount

    The Canadian Press 0


    WATERLOO, Ont. – BlackBerry (TSX:BB) has bought German anti-eavesdropping firm SecuSmart in a move to bulk up its security assets. The company did not disclose the financial details of the agreement, which was announced at a security-themed event held in New York. Chief executive John Chen says buying the company will address growing concerns about

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  • George Weston Ltd. reports second-quarter net loss on higher total sales

    The Canadian Press 0


    TORONTO – George Weston Ltd. (TSX:WN) has reported a second-quarter loss of $208 million as it digested the acquisition of Shoppers Drug Mart by its Loblaws Companies Ltd. (TSX:L) subsidiary. The loss amounted to $1.71 per share for the quarter and compared with a profit of $97 million, or 68 cents per share, in the

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  • TSX to advance amid mixed earnings; traders look to housing, consumer data

    Malcolm Morrison, The Canadian Press 0


    TORONTO – The Toronto stock market looked set for a higher open Tuesday as traders digest earnings news and await U.S. data on home prices and consumer confidence. The Canadian dollar was down 0.09 of a cent to 92.5 cents US. U.S. futures were mixed with the Dow Jones industrial futures up 32 points to

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  • Reynolds American 2nd-quarter profit rises 6.7 per cent

    The Associated Press 0


    WINSTON SALEM, N.C. – Reynolds American Inc. says that its profit rose by 6.7 per cent in its second quarter, topping analysts’ expectations. The Winston Salem, North Carolina-based company said earnings increased to $492 million, or 92 cents per share, from $461 million, or 84 cents per share, in the same quarter a year earlier.

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  • Drugmaker Pfizer’s 2nd quarter profit sinks 79 per cent but still beats analyst expectations

    The Associated Press 0


    NEW YORK, N.Y. – Pfizer’s second-quarter earnings plunged 79 per cent from last year, when the world’s second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter still edged analyst expectations. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share,

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  • In this Thursday, Feb. 28, 2013 photo, Merck scientist Pascale Nantermet conducts research to discover new HIV drugs in West Point, Pa. Merck reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Matt Rourke)

    Merck second-quarter profit more than doubles, tops forecast

    The Associated Press 0


    WHITEHOUSE STATION, N.J. – Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts’ expectations. The Whitehouse Station, New Jersey-based company said net income increased to $2 billion, or 68 cents per share, from $906 million, or 30 cents per share, in the same quarter a

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  • FILE - In this July 31, 2008 file photo, a woman strides past the Hartford, Conn., headquarters of Aetna, Inc. Health insurer Aetna Inc. reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Bob Child, File)

    Aetna 2Q profit increases 2.4 per cent, tops forecast

    The Associated Press 0


    HARTFORD, Conn. – Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 per cent in its second quarter, and topped analysts’ expectations. The Hartford, Connecticut-based company said profit increased to $548.8 million, or $1.52 per share, from $536 million, or $1.49 per share, in the same quarter a year ago. Earnings, adjusted for

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  • Michelin the cat weighed over 32 pounds when he was dropped off at the Greater Moncton SPCA

    Former fat feline no longer a pudgy puss

    Jason Chevrier 0


    Just under a year after he was surrendered to the Greater Moncton S-P-C-A weighing 34 pounds, Michelin the cat is practically a new feline.

  • Legal fallout begins for scrapped North American arena tour of ‘Jesus Christ Superstar’

    Mark Kennedy, The Associated Press 0


    NEW YORK, N.Y. – The abrupt cancellation of this summer’s North American arena tour of “Jesus Christ Superstar” is apparently not being forgiven. The Really Useful Group, the London-based production company of “Superstar” composer Andrew Lloyd Webber, said Tuesday that it was taking legal action against music and theatrical producer Michael Cohl for the “unilateral

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  • Audra McDonald helps Broadway’s ‘Lady Day at Emerson’s Bar & Grill’ turn a profit

    Mark Kennedy, The Associated Press 0


    NEW YORK, N.Y. – Audra McDonald has propelled her new Broadway show into profitability. Producers of the play “Lady Day at Emerson’s Bar & Grill” said Tuesday that they’ve recouped their $2.6 million initial investment. In the show, McDonald portrays Billie Holiday in one of her last concerts, offering stories and performing about a dozen

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  • Family credits hungry cat with saving them from burning home in Cape Breton

    The Canadian Press 0


    NORTH SYDNEY, N.S. – Brian Young says he gave his cat Berkeley some extra cans of tuna and a hearty scratch on the back after the hungry feline awakened him just before a fire raced through the family home. Young, a former Nova Scotia politician who lives in North Sydney, says the cat woke him

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  • Fed weighs key questions this week on reversing its low-rate policies but may reveal little

    Martin Crutsinger, The Associated Press 0


    WASHINGTON – This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How will it do so? And when

    Read the Rest of the Entry

  • Music aside, Aretha Franklin says she’s eager for sugary fried treats during state fair shows

    Julie Carr Smyth, The Associated Press 0


    COLUMBUS, Ohio – There’s something beyond delivering a set packed with her hits that’s got Aretha Franklin jazzed about fair season: the food. Ahead of her Thursday performance at the Ohio State Fair, the Queen of Soul says she’s eager to track down some elephant ears, a fair staple of fried dough sprinkled with powdered

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  • Teacher who helped save children’s lives during Sandy Hook massacre has book deal

    The Associated Press 0


    NEW YORK, N.Y. – A Connecticut teacher who helped save students’ lives during the Sandy Hook Elementary School massacre has a book deal. G.P. Putnam’s Sons announced Tuesday that “Choosing Hope: Moving Forward from Your Life’s Darkest Hour” by teacher Kaitlin Roig-DeBellis will be released next spring. The publisher says the book will be a

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  • Federal Science and Technology minister Ed Holder gets a tour of the Universite de Moncton physics lab.  Almost 800-thousand dollars in research funding and scholarship grants from the federal government was announced today.  0729/14

    U de M researchers receive federal funding

    Jason Chevrier 0


    The Universite de Moncton has received close to 800-thousand dollars in research funding and scholarship grants from the federal government.

  • Activists say Syrian rebels have detonated bomb-packed tunnels in Aleppo, killing 13 troops

    The Associated Press 0


    BEIRUT – Syrian activists say insurgents fighting to oust President Bashar Assad have detonated bomb-packed tunnels under buildings in the northern city of Aleppo, killing at least 13 pro-government troops. The Britain-based Syrian Observatory for Human Rights says rebels detonated explosives Tuesday night in two tunnels, dug under the ancient quarter of the contested city

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  • Officials consider spending thousands to attract ‘The Bachelor’ to their New Mexico city

    The Associated Press 0


    SANTA FE, N.M. – The city of Santa Fe, New Mexico, is trying to land the “The Bachelor,” and it may shell out some money for the mission. The Albuquerque Journal reports (http://goo.gl/GRqNAi) councillors are expected Wednesday to consider a request to spend between $50,000 and $100,000 from Tourism Santa Fe’s reserve budget in an

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