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Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

CALGARY — Shares in Precision Drilling Corp. closed 8.6 per cent higher on Thursday after it reported a steeper loss and lower revenue in the third quarter but handily beat adjusted earnings expectations.
Corus sees glimmers of growth from its content studios but ad revenue under pressure

Corus sees glimmers of growth from its content studios but ad revenue under pressure

TORONTO — Corus Entertainment continued to suffer from the economic effects of COVID-19 during June, July and August but the pandemic had an uneven impact on different parts of its business during the quarter, its chief executive said Thursday.
Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

WASHINGTON — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.
WestJet to refund some passengers whose flights were cancelled because of COVID-19

WestJet to refund some passengers whose flights were cancelled because of COVID-19

WestJet says it will begin providing refunds to passengers who had their WestJet and Swoop flights cancelled by the airlines as a result of the COVID-19 pandemic.
N.S. First Nation struggles to find market for 'moderate livelihood fishery' lobster

N.S. First Nation struggles to find market for 'moderate livelihood fishery' lobster

HALIFAX — Cheryl Maloney, a Mi'kmaq treaty advocate and member of Sipekne'katik First Nation, stood on a wharf in the rural fishing village in Saulnierville, N.S.
Pandemic hurts AT&T in 3rd quarter; wireless unit stable

Pandemic hurts AT&T in 3rd quarter; wireless unit stable

NEW YORK — The pandemic continued to hit AT&T through the third quarter as closed theatres , wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business. The Dallas company’s largest division, wireless, was stable.
Coca-Cola recovery continues as it grows leaner in pandemic

Coca-Cola recovery continues as it grows leaner in pandemic

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet.
Law to shield businesses that spread COVID-19 could benefit insurers, limit consumers

Law to shield businesses that spread COVID-19 could benefit insurers, limit consumers

TORONTO — A new bill in Ontario could make it harder for consumers to sue a business that was involved in the transmission of COVID-19, lawyers say.
Sun Life Financial buying majority stake in U.S. investment manager Crescent Capital

Sun Life Financial buying majority stake in U.S. investment manager Crescent Capital

TORONTO — Sun Life Financial Inc. has signed a deal to acquire a majority stake in Crescent Capital Group LP in an agreement worth up to $450 million.
Tim Hortons to test deposit program for returnable coffee cups and packaging

Tim Hortons to test deposit program for returnable coffee cups and packaging

TORONTO — Tim Hortons has signed a deal with TerraCycle's Loop program to test an option that would allow customers to pay a deposit and receive their order in reusable, returnable cups and food packaging.