Business
Rite Aid moves ahead on restructuring as sale efforts continue
By Dietrich Knauth NEW YORK (Reuters) - Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to ...
Morning Bid: Yen wary of holiday calm as Q1 curtain falls
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Markets in Asia on Friday will be quieter and probably more range-bound than usual with most of the rest of the world closed for Good Friday, but there is always the chance ...
AI fails to detect depression signs in social media posts by Black Americans, study finds
By Nancy Lapid (Reuters) - Analyzing social media using artificial intelligence may pick up signals of depression in white Americans but not in Black counterparts, according to a study that highlights the risk of training AI models for ...
Goldman, Morgan Stanley win dismissal of lawsuits over Archegos collapse
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Thursday dismissed seven lawsuits by investors who accused Goldman Sachs Group Inc and Morgan Stanley of misconduct that fueled the rapid March 2021 collapse of Bill Hwang's $36 billion ...
Negotiations stall between Sobeys, Sydney union employees in Cape Breton
Union employees at the Sobeys on Prince Street in Sydney are moving to conciliation as talks between them and the major grocer have stalled. Unifor Local 1971, the union representing 119 workers at the local supermarket, said it bargained with Sobeys ...
Province to contribute $850,000 toward new Centre 200 scoreboard in Cape Breton
SYDNEY, N.S. - The Nova Scotia government will contribute $850,000 toward a new scoreboard at Cape Breton’s largest arena. An announcement from Premier Tim Houston’s office on Thursday afternoon said the government will invest in Centre 200's new ...
Tesla appears unlikely to nix US suit alleging bias against Black workers
By Daniel Wiessner (Reuters) - A federal judge in California on Thursday appeared poised to reject Tesla's bid to toss out a U.S. agency's lawsuit accusing the electric carmaker of tolerating rampant harassment of Black workers at its Fremont, ...
Rexford Industrial Realty buys properties for $1 billion from Blackstone Real Estate
(Reuters) - Rexford Industrial Realty, a real estate investment trust (REIT), said on Thursday it had acquired industrial properties for $1 billion from Blackstone Real Estate. Rexford has acquired about 3 million square feet of industrial ...
CRA reverses course, exempts bare trusts from new regulations
In a pre-Easter act of generosity, the Canada Revenue Agency on Thursday announced that bare trusts will be exempt from trust reporting requirements for 2023. This will come as a huge relief to thousands of Canadians who ...
US may soon unveil list of Chinese chip factories barred from receiving tech
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) - The Biden administration is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said, to make it easier for ...