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US consumer prices up moderate 0.3 per cent in December

US consumer prices up moderate 0.3 per cent in December

WASHINGTON — U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years.

Markets Right Now: US stocks are mixed at midday

NEW YORK — The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are mixed in midday trading on Wall Street, as gains in materials and industrial companies were offset by weakness elsewhere.
US homebuilder confidence, sales outlook slip in January

US homebuilder confidence, sales outlook slip in January

U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years.
US industrial output rose in December; best pace in 2 years

US industrial output rose in December; best pace in 2 years

WASHINGTON — U.S. industrial production increased in December at the strongest pace in two years, as auto factories cranked out more vehicles and power plants helped heat homes and businesses.

Sears partners with N.B. to open new business centre, improve customer service

TORONTO — The New Brunswick government is giving struggling retailer Sears Canada Inc. $3.5 million to open a business centre in the province that's expected to create 180 new jobs. The centre, to be located in the city of Edmundston, N.B.
Coffee and a slice? 7-Eleven launches breakfast pizza

Coffee and a slice? 7-Eleven launches breakfast pizza

IRVING, Texas — 7-Eleven is offering a breakfast pizza. The convenience store chain says that it combines the convenience of eating leftover pizza for the first meal of the day with traditional breakfast foods.
World stocks turn lower as investors monitor volatile dollar

World stocks turn lower as investors monitor volatile dollar

HONG KONG — World stocks mostly fell Wednesday after a sharp drop in the dollar shook investor enthusiasm. KEEPING SCORE: In Europe, Germany's DAX shed 0.1 per cent to 11,535 and Britain's FTSE 100 was flat at 7,2223. France's CAC 40 lost 0.
Trump's populism won't work, says former Treasury chief

Trump's populism won't work, says former Treasury chief

DAVOS, Switzerland — Lawrence Summers, the former U.S.
Air Transat to test taxiing system that could save costs, bring down emissions

Air Transat to test taxiing system that could save costs, bring down emissions

MONTREAL — Air Transat is planning to test and deploy a new system next year that would allow an aircraft to taxi from the runway to the gate without having to use a plane's engine, thereby cutting operating costs and greenhouse gas emissions.

Lowe's announces nearly 2,400 layoffs for full-time workers

CHARLOTTE, N.C. — North Carolina-based home improvement retailer Lowe's says it's told approximately 2,400 full-time workers that they will be laid off.