Monthly Archive: April 2018

Unfortunately, Tesla’s worst month for shares in more than seven years is no joke

WASHINGTON — U.S. manufacturers say they expanded at a slower pace in March, with many factories saying they’re having a tough time getting supplies in order to meet demand from customers. The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index slipped to 59.3 last month from February’s […]

WASHINGTON — The Supreme Court ruled Monday that car dealerships aren’t required under federal law to pay overtime to their service advisers, the employees that greet customers and assess their service and repair needs. The court ruled that service advisers are salespeople and therefore exempt from overtime requirements. The case affects the more than 18,000 […]

CanniMed Therapeutics CEO Brent Zettl has resigned, effective immediately, as Aurora Cannabis nears completion of its acquisition of the medical marijuana company. Zettl, who helped co-found the Saskatoon-based licensed producer in 1988, is pursuing other opportunities, the companies said in a statement. He has agreed to remain available to CanniMed and Aurora as they integrate […]

OMAHA, Neb. — Investor Warren Buffett’s oldest son usually focuses on finding ways for his foundation to help farmers in the developing world or get the most out of the crops he’s growing in Illinois. But now Howard Buffett has jumped into the border security debate with a book criticizing President Donald Trump’s proposal to […]

WASHINGTON — Former Veterans Affairs Secretary David Shulkin downplayed concerns about his potential successor’s lack of managerial experience Monday, saying the key for improving the VA will be surrounding White House doctor Ronny Jackson with a good team “because no one person can do this alone.” Shulkin and the White House have engaged in a […]

SAN JUAN, Puerto Rico — Puerto Rico’s governor is defying the federal control board overseeing the island’s troubled finances. Ricardo Rossello says he will submit a fiscal plan to the board on Thursday that will not contain any layoffs, reductions in pensions or a labour reform. The announcement late Sunday defies the board’s demands that […]

PESCHIERA DEL GARDA, Italy — Robby Pepper can answer questions in Italian, English and German. Billed as Italy’s first robot concierge, the humanoid will be deployed all season at a hotel on the popular Lake Garda to help relieve the desk staff of simple, repetitive questions. During one of Robby’s first shifts, Mihail Slanina, a […]

MOSCOW — The spokesman for Russian President Vladimir Putin rejected suggestions on Monday that the arrest of an influential billionaire was part of a strategy to wrestle his business from him. Ziyavudin Magomedov, who is worth $1.4 billion according to the Russian Forbes magazine, was arrested Saturday along with his brother after the court refused […]

MONTREAL — Transcontinental Inc. is buying the Coveris Americas business for US$1.32 billion as part of its strategic shift toward flexible packaging, which has been in the works amid dwindling revenue from newspapers and other paper-based printing. “This transaction complements and bolsters our existing product offering in several flexible packaging end markets including dairy, pet […]