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US applications for jobless benefits rise but remain historically low despite recent layoffs

US applications for jobless benefits rise but remain historically low despite recent layoffs

More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year.
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Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices

Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices

WASHINGTON (AP) — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month .
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Spin Master expecting challenging year in 2024, plans to launch new 'value' toys

Spin Master expecting challenging year in 2024, plans to launch new 'value' toys

TORONTO — Spin Master Corp. says it expects to face a challenging year in 2024 amid ongoing economic pressures on shoppers, but could see growth as it integrates U.S. toymaker Melissa & Doug following the closure of its acquisition.
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Crescent Point Energy reports Q4 profit, raises quarterly dividend 15%

Crescent Point Energy reports Q4 profit, raises quarterly dividend 15%

CALGARY — Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent as it reported fourth-quarter net income of $951.2 million compared with a loss of $498.1 million a year earlier.
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Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q

Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q

NEW YORK (AP) — Best Buy's shares rose on Thursday as the nation's largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending on gadgets may be in sight.
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First Quantum Minerals completes pair of key financing deals

First Quantum Minerals completes pair of key financing deals

TORONTO — First Quantum Minerals Ltd. has completed two key financing deals to raise a total of more than US$2 billion that it plans to use to repay other debt and for general corporate purposes.
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One Tech Tip: Don't use rice for your device. Here's how to dry out your smartphone

One Tech Tip: Don't use rice for your device. Here's how to dry out your smartphone

LONDON (AP) — You were walking next to a swimming pool when you slipped and dropped your phone into the water. Or it slipped out of your hand when you were next to a filled bathtub or toilet. However your smartphone got wet, you now need to dry it.
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Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector

Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years.
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Changing jobs? Keeping track of pension key as regulator warns of 'stranded' benefits

Changing jobs? Keeping track of pension key as regulator warns of 'stranded' benefits

Two years ago, Ihor Weryha finally felt ready to retire. The Mississauga, Ont., resident had spent 40 years working in the petrochemical industry, most of which had been evenly split between two companies.
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Laurentian Bank reports $37.3M Q1 profit, down from $51.9M a year earlier

Laurentian Bank reports $37.3M Q1 profit, down from $51.9M a year earlier

MONTREAL — Laurentian Bank of Canada reported a first-quarter profit of $37.3 million, down from $51.9 million a year earlier. The Montreal-based bank says the profit amounted to 75 cents per diluted share for the quarter ended Jan.
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