Monthly Archive: April 2018

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American Express to end its Plenti frequent shopper program

NEW YORK — American Express is ending its frequent-shopper program Plenti, despite years of marketing and high-profile partners like RiteAid, ExxonMobil and Macy’s. The Plenti program will end on July 10, the company announced in a tweet Monday. All Plenti points will expire on that date. Plenti was launched in mid-2015 to great fanfare as […]

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Aphria earns $12.9M Q3 profit, boosted by sale of Liberty Health Sciences shares

LEAMINGTON, Ont. — Licensed medical marijuana producer Aphria Inc. reported a $12.9-million profit in its latest quarter, boosted by the sale of some of its shares in U.S. company Liberty Health Sciences. The company says the profit amounted to eight cents per share for the quarter ended Feb. 28 compared with a profit of nearly […]

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Icahn’s company strikes approximately $1.85B Tropicana deal

ATLANTIC CITY, N.J. — Carl Icahn’s company has struck an approximately $1.85 billion deal that would fuse the gaming and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc. The agreement, announced early Monday, includes the sale of Tropicana Entertainment Inc.’s real estate to Gaming and Leisure Properties Inc. It doesn’t include Tropicana’s Aruba assets, […]

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Bank of America 1Q profits rise to record $6.9 billion

NEW YORK — Bank of America’s profits rose to a record $6.9 billion last quarter thanks in part to the new tax law and higher interest rates. The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period a year ago. […]

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Allegiant Air under fire after ’60 Minutes’ safety report

LAS VEGAS — The low-cost carrier Allegiant Air is under fire following a “60 Minutes” investigation that is raising significant safety concerns. Investigators with the news program found that between Jan. 1, 2016 and October 2017, the Las Vegas airline experienced more than 100 serious mechanical incidents, including aborted takeoffs, rapid descents, flight control malfunctions […]

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Korean Air suspends ‘nut rage’ sister from work over tantrum

SEOUL, Korea, Republic Of — Korean Air Lines said Monday it has suspended one of its chairman’s daughters from her marketing work after she threw a tantrum at a business meeting, triggering public outrage and a police investigation. The daughter, Cho Hyun-min, also known as Emily Cho, is the younger sister of another Korean Air […]