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Business News Summary Headlines

Company releases, economic news, and business coverage.

No gunshots fired in store burglary at Bellagio in Las Vegas

Las Vegas police now say there weren't shots fired during a burglary at a high-end retail store inside the Bellagio Hotel and Casino.

Authorities initially said Saturday that at least three people entered the store and one of them fired gunshots.

Sunday, March 26, 2017 | 12:57 PM

Carrier deal touted by Trump unusual for Indiana

INDIANAPOLIS - The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana as it offers $7 million of incentives to a company still planning to cut about a third of its some 1,600 jobs.

A state economic development board is scheduled to vote Tuesday on endorsing the package nearly four months after Trump celebrated his role in the negotiations with a visit to the plant, which makes furnaces.

Sunday, March 26, 2017 | 12:26 PM

'Beauty and the Beast' dances off with top box-office spot

LOS ANGELES - Disney's live-action "Beauty and the Beast" has continued to enchant audiences in its second weekend in theatres.

Studio estimates say the film added $88.3 million to its total this weekend, down only 49 per cent from its massive debut. The box-office juggernaut has earned $317 million to date from North American theatres.

Sunday, March 26, 2017 | 12:01 PM

'We're all hurting': Calgary arts cut to the bone as corporate funds dry up

Calgary's performing arts scene has become a casualty of corporate cost-cutting as the city's economic doldrums drag into a third year, prompting organizations to band together to seek more municipal support.

The energy sector has long been a stalwart patron of the arts in the white-collar heart of the oilpatch. But weak energy markets have forced firms to tighten their spending, leaving less for sponsorships.

Sunday, March 26, 2017 | 10:00 AM

Five things to watch for in the Canadian business world in the coming week

TORONTO - Poloz in Oshawa, Ont.: Canada's top banker will be in his hometown of Oshawa, Ont., on Tuesday addressing Durham College, the University of Ontario Institute of Technology and Trent University. The event will mark Bank of Canada governor Stephen Poloz's first public remarks since last week's federal budget.

Quebec budget: Quebec is expected to present its third consecutive balanced budget when it tables the fiscal plan Tuesday. Last fall, the province projected a surplus of $2.2 billion in the 2016-17 fiscal year while abolishing a unpopular health tax.

Sunday, March 26, 2017 | 10:00 AM

No surprise: Beijing's pick Lam chosen as Hong Kong's leader

HONG KONG - The candidate favoured by China's Communist leadership was chosen as Hong Kong's new leader on Sunday, in the first such vote since huge pro-democracy protests erupted over the semiautonomous Chinese city's election system in 2014.

A committee dominated by pro-Beijing elites selected Carrie Lam, Hong Kong's former No. 2 official, as the financial hub's chief executive even though she was far less popular than her main rival. Lam received 67 per cent of the votes cast by the 1,194-member committee.

Sunday, March 26, 2017 | 06:58 AM

Self-inflicted collapse chokes GOP effort to undo Obamacare

WASHINGTON - House Republicans passed roughly 60 bills over the past six years dismembering President Barack Obama's health care overhaul. Other than minor tweaks, they knew the measures would go nowhere because the Democrat still lived in the White House.

With a bill that counted Friday, they choked. It was an epic, damaging, self-inflicted collapse that smothered the GOP effort.

Saturday, March 25, 2017 | 07:56 PM

NYC says Trump Tower resident wrongly rented out on Airbnb

NEW YORK - A woman who owns an apartment at Trump Tower is being fined $1,000 by the city after they say she wrongly rented it out on Airbnb.

According to an affidavit and summons, Yelena Yelagina owns apartment 30H at 721 Fifth Avenue. The New York Times reported it was available since around September for up to $450 nightly. Renters learned the address after they'd booked reservations. The listing was later taken down.

Saturday, March 25, 2017 | 01:56 PM

Poker tables keep decreasing on Nevada casino floors

LAS VEGAS - When the Monte Carlo casino closes its eight-table poker room in about a month as part of a $450 million overhaul, the Las Vegas Strip will be down nearly a quarter of the tables it had a decade ago.

Casinos constantly adjust their floors to meet customer demand. And unlike the boom years when they competed for card fans after everyman Chris Moneymaker won the World Series of Poker's main event in 2003, poker's appeal in Sin City has been weakening this decade.

Saturday, March 25, 2017 | 01:12 PM

Republican John Kasich leads charge for balanced budget vote

COLUMBUS, Ohio - Republican John Kasich is not giving up on his goal of a federal balanced budget amendment, a tool the Ohio governor says is ever more important as the U.S. national debt ticks toward $20 trillion.

"The issue is not a partisan issue," Kasich told The Associated Press in an interview. "It's about economic growth and our children's and our grandchildren's future."

Saturday, March 25, 2017 | 01:03 PM