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Judge tosses shareholder suit over Lululemon CEO's departure

DOVER, Del. — A Delaware judge has dismissed a shareholder lawsuit against sports apparel maker Lululemon Athletica over its decision to give a $5 million severance package to its former CEO rather than fire him for misconduct.
Trump says he expects Russia, Saudis to cut oil production

Trump says he expects Russia, Saudis to cut oil production

DUBAI CITY, United Arab Emirates — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,097.76, up 221.36 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 23.16 per cent, to $3.35 on 28.3 million shares.
Oilpatch workers face pay cuts and layoffs as companies react to low prices

Oilpatch workers face pay cuts and layoffs as companies react to low prices

CALGARY — Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as an ever-increasing risk of being laid off. On Thursday, oilsands producer Cenovus Energy Inc.
Quibi gambles with mobile-only streaming platform amid COVID-19

Quibi gambles with mobile-only streaming platform amid COVID-19

TORONTO — Creators of the freshly minted subscription streaming platform Quibi had a tough sell on their hands even before the COVID-19 pandemic spiralled us into uncertain financial times.
Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

Home sales in the Vancouver region were strong for the first half of March, but started to taper as the COVID-19 outbreak intensified, the Real Estate Board of Greater Vancouver said Thursday.
New online store offers help to shuttered indie booksellers

New online store offers help to shuttered indie booksellers

Andy Hunter, founder of a new online sales outlet for independent booksellers, had seen a crisis building well before the coronavirus pandemic shut down many of the country's stores.
A record 10 million sought US jobless aid in past 2 weeks

A record 10 million sought US jobless aid in past 2 weeks

WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak.
SXSW partners with Amazon to put its film festival online

SXSW partners with Amazon to put its film festival online

NEW YORK — The popcorn will be bring your own and the barbecue won't be as good, but the Austin, Texas, SXSW Film Festival is moving online after having its 27th edition cancelled by the coronavirus pandemic.
Stock market crash may force some investors to postpone retirements, say experts

Stock market crash may force some investors to postpone retirements, say experts

TORONTO — The biggest market downturn in more than a decade has rattled nerves and may ultimately force some investors to postpone their approaching retirements, say experts.