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Picture of US economy is worrisome as virus inflicts damage

Picture of US economy is worrisome as virus inflicts damage

WASHINGTON — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.
The pandemic is changing Hollywood, maybe forever

The pandemic is changing Hollywood, maybe forever

NEW YORK — “No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding.
Lights, camera, sell: Retailers want you to watch and shop

Lights, camera, sell: Retailers want you to watch and shop

NEW YORK — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes.
Canadian motor tech firm Exro to raise $30 million with share offering

Canadian motor tech firm Exro to raise $30 million with share offering

CALGARY — A Canadian company developing new control products to improve efficiency and performance in electric motors and powertrains is aiming to raise between $30 million and $36.5 million through a public offering of its shares.
Unchanged from early estimate, US economy grew 33.1% in Q3

Unchanged from early estimate, US economy grew 33.1% in Q3

WASHINGTON — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%.
Consumer spending up a slight 0.5% as virus maintains grip

Consumer spending up a slight 0.5% as virus maintains grip

WASHINGTON — U.S. consumers increased their spending by a sluggish 0.
Slight gain of 1.3% in October for manufactured goods

Slight gain of 1.3% in October for manufactured goods

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods showed a modest gain in October but much of the strength came from a big jump in orders for military equipment.
Cascades to close its napkin plant in Laval, Que. in June 2021

Cascades to close its napkin plant in Laval, Que. in June 2021

KINGSEY FALLS, Que. — Cascades Inc. says it will close its napkin plant in Laval, Que., at the end of June next year. The plant currently employs 54 workers.
Spin Master signs Wizarding World licensing deal to develop Harry Potter toys

Spin Master signs Wizarding World licensing deal to develop Harry Potter toys

TORONTO — Toymaker Spin Master Corp. has announced a deal to develop toys and games based on the Harry Potter and Fantastic Beasts movies. The company says it has signed a global licensing agreement with Warner Bros.
CAE signs agreement with Textron to buy TRU Canada for US$40 million

CAE signs agreement with Textron to buy TRU Canada for US$40 million

MONTREAL — CAE Inc. has signed a deal with Textron to buy TRU Simulation + Training Canada Inc. for US$40 million. The company says the acquisition of expands its installed base of commercial flight simulators and customers.
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