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Class-action lawsuit filed in NYC against Warner Music, Atlantic over unpaid internships
NEW YORK, N.Y. – A former intern has filed a class-action lawsuit against Warner Music Group and Atlantic Records over his unpaid internship. The suit was filed Monday in state Supreme Court in Manhattan. Plaintiff Justin Henry says he was never paid for the office work he performed from October 2007 through May 2008 but
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Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,288.90 up 101.53 points): B2Gold Corp. (TSX:BTO). Up 22 cents, or 9.82 per cent, at $2.46 on 11.92 million shares. The gold sector was up 0.27 per cent at 190.87 points. Bombardier
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‘Man of Steel’ soars with $116.6M opening at weekend box office
LOS ANGELES, Calif. – “Man of Steel” went up, up and away at the box office. The Warner Bros. superhero film earned $116.6 million in its opening weekend. The retelling of Superman’s backstory nabbed the record for biggest all-time opening in June and is the second biggest opening of the year behind “Iron Man 3,”
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Tony Awards spur box offices on Broadway, helping ‘Matilda,’ ‘Pippin’ and ‘Motown’ to records
NEW YORK, N.Y. – There were smiles at many Broadway box offices last week as a big financial bounce followed the Tony Awards, with the biggest winners being “Pippin,” ”Matilda the Musical” and “Motown the Musical.” Data from The Broadway League on Monday shows exposure and statuettes on the June 9 telecast helped many shows
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Lowe’s bid for California chain could be used as model in Canada: analyst
MONTREAL – The addition of a California chain of hardware stores could be a model for how Lowe’s Companies tackles the Canadian market, an industry observer said Monday. Lowe’s is offering US$205 million for the assets of Orchard Supply Hardware Stores, which has locations about one-third the size of Lowe’s typical big box stores. Orchard
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Expert: AEG Live’s involvement with Michael Jackson’s doctor a conflict of interest
LOS ANGELES, Calif. – An expert testifying for Michael Jackson’s mother says he believes it was a conflict of interest for the promoter of the superstar’s comeback concerts to negotiate with his doctor. David Berman is a longtime record company executive and attorney. He told a jury hearing Katherine Jackson’s lawsuit against AEG Live LLC
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Survey: Most US homebuilders optimistic about home sales for first time in 7 years
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday leaped to 52 this month from 44 in May. It was the largest monthly increase
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Bombardier ramps up Chinese partnership, faces new challenge from Embraer
MONTREAL – Bombardier is ramping up its relationship with Chinese aircraft manufacturer Comac amid intensified pressure from a new line of regional planes to be launched by Brazilian rival Embraer. The Montreal-based manufacturer said Monday it signed a new agreement with Comac to enhance the commonalities between the CSeries and the C919 widebody aircraft from
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Foreign investors bought $14.9B in Canadian securities in April: StatsCan
OTTAWA – Statistics Canada says non-resident investors acquired $14.9 billion of Canadian securities in April, adding both debt and equity securities to their holdings. The agency says Canadian investors added $2.8 billion of foreign securities, a third straight month of acquisitions. It says foreign investment in Canadian securities was led by debt instruments, mainly reflecting
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Canadian dollar up, markets look to Fed meeting for reassurance about stimulus
TORONTO – The Canadian dollar was higher Monday as traders look for clarity on whether the U.S. Federal Reserve thinks economic conditions are favourable enough to start easing up on some stimulus. The loonie was up 0.13 of a cent to 98.47 cents US amid mixed commodity prices. Markets have been volatile since late May