Monthly Archive: May 2018

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Jean Coutu price was high but will pay long-term dividends, says Metro CEO

MONTREAL — The cost of buying the Jean Coutu Group was high but the pill wasn’t too difficult to swallow because it will generate a good return on the investment, Metro Inc. chief executive Eric La Fleche said Monday. “Yes, the price was not ‘cheap,’ but it was justified and the potential is there,” he […]

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Trump’s bid to help Chinese firm draws fire but raises hopes

WASHINGTON — A long-running dispute between American regulators and Chinese telecom company ZTE may have handed President Donald Trump some unexpected leverage in avoiding a trade war with Beijing. Trump’s tweet Sunday that he was working with President Xi Jinping of China to put ZTE “back into business, fast” after U.S. sanctions threatened ZTE’s existence […]

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Memorabilia from Prince, Bob Dylan, more go to auction

NEW YORK — Music fans looking for a piece of history are going to get a chance to own guitars, outfits and other memorabilia from the likes of Prince, Bob Dylan, George Harrison and others. Julien’s Auctions is hosting two days of auctions focused on musical artists at the Hard Rock Cafe New York and […]

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Enbridge: Damaged oil pipeline was dented less than 1 inch

LANSING, Mich. — The company that operates twin oil pipelines in the Straits of Mackinac says one of the lines suspected of being struck by a tugboat anchor was dented more than three-fourths of an inch. Enbridge Inc. official Peter Holran told the Michigan Pipeline Advisory Board in Lansing Monday about the April 1 damage […]