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Olsen twins' company could pay up to $140K to former interns

Olsen twins' company could pay up to $140K to former interns

NEW YORK — The company owned by Mary-Kate and Ashley Olsen may settle a lawsuit by paying up to $140,000 to a group of interns who claim they did the work of employees without payment.
Sunrise Records reveals locations for some of its planned 70 music stores

Sunrise Records reveals locations for some of its planned 70 music stores

TORONTO — Sunrise Records is revealing more of the locations where it plans to open stores. The Ontario-based company confirmed a batch of malls on Thursday where it will replace closing HMV retail spaces.

NewsAlert: Julian Assange: WikiLeaks has decided to give details of CIA hacking tools to tech companies

PARIS — Julian Assange: WikiLeaks has decided to give details of CIA hacking tools to tech companies. More coming. The Associated Press

Average US 30-year mortgage rate rises to year-high 4.21 pct

WASHINGTON — Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the Federal Reserve next week, propelled by signs of strength in the economy.
Man picked to fix AIG will step down after massive loss

Man picked to fix AIG will step down after massive loss

NEW YORK — Three weeks after AIG reported a titanic loss, the person chosen to turn things around at one of the world's largest insurance companies is stepping down.

Thai government, standing fast against Uber, offers taxi app

BANGKOK — Thailand's government is cracking down on private car-hailing services such as Uber and plans to introduce its own taxi app to appease passengers.
European Central Bank says core inflation still too low

European Central Bank says core inflation still too low

FRANKFURT — The European Central Bank has opted against any change to its stimulus programs unchanged even though economic growth across the 19-country eurozone appears to be picking up steam and inflation has risen to bank's targets.
US claims for unemployment aid rise by 20,000 to 243,000

US claims for unemployment aid rise by 20,000 to 243,000

WASHINGTON — More Americans applied for unemployment benefits last week, but claims remained low enough to suggest that most workers enjoy job security.
From virtual reality to programmable bacteria: innovation on display mining

From virtual reality to programmable bacteria: innovation on display mining

TORONTO — Programmable bacteria, a gold-sniffing camera and a virtual reality tool for taking investors underground were among the innovations on display at the world's biggest annual mining convention in Toronto this week.

Royal Dutch Shell signs two deals to sell oilsands assets

TORONTO — Royal Dutch Shell says it has signed two agreements to sell its undeveloped oilsands interests in Canada for a net consideration of US$7.25 billion.