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Business News Summary Headlines

Company releases, economic news, and business coverage.

Walmart offers way to turn leftover opioids into useless gel

Walmart is helping customers get rid of leftover opioids by giving them packets that turn the addictive painkillers into a useless gel.

The retail giant said Wednesday that it will provide the packets free with opioid prescriptions filled at its 4,700 U.S. pharmacies.

Wednesday, January 17, 2018 | 01:51 PM

Longtime Miss America staffer named its executive director

ATLANTIC CITY, N.J. - A longtime Miss America Organization staffer has been named its executive director of operations.

Karen Nocella's appointment was announced Wednesday. She will oversee day-to-day activities in the organization's Atlantic City office.

Wednesday, January 17, 2018 | 12:13 PM

Quebec raising minimum wage to $12 as of May 1

MONTREAL - Quebec will raise the province's minimum wage to $12 an hour as of May 1, Labour Minister Dominique Vien announced Wednesday.

More than 352,000 workers stand to benefit from the 75-cent increase, the largest hike in Quebec history.

Wednesday, January 17, 2018 | 12:08 PM

Humans will review video from most popular YouTube creators

NEW YORK - Google says humans will now review video from its most popular YouTube creators after recent complaints.

The videos being targeted are ones Google packages to advertisers as "preferred" content. While Google has had human reviewers before, it relies heavily on software to flag potential problems. YouTube was criticized for moving too slowly after one of its stars, Logan Paul, posted video of what appears to be a suicide victim.

Wednesday, January 17, 2018 | 12:06 PM

Optimism in Iraq fuels revived interest in classic cars

BAGHDAD - When Iraqi forces drove Islamic State militants out of eastern Mosul a year ago, Nashwan Shakir Mahmoud raced back to his home, hoping that his red and white 1955 Chevrolet coupe had survived three years of war and upheaval.

When he saw that it had only suffered light damage from a mortar shell that landed nearby, he was overjoyed. "I had an unspeakable feeling, I sighed in relief when saw it," he said.

Wednesday, January 17, 2018 | 11:02 AM

Conflict among world powers a growing concern, experts say

GENEVA - A survey by the World Economic Forum finds that more than nine in 10 experts are worried about worsening economic or political confrontation between world powers, amid a trend toward "charismatic strongman politics."

The WEF, the organizer of the annual Davos conference that convenes next week, cites a "deteriorating geopolitical landscape" and increasing cyber threats as key factors behind a pessimistic outlook this year adding to continued and pre-eminent worries about the environment.

Wednesday, January 17, 2018 | 10:55 AM

Contractor vows Saskatchewan hospital will rise despite big-picture money woes

NORTH BATTLEFORD, Sask. - The Canadian wing of Carillion PLC says the financial collapse of the British construction giant will not affect the work or any jobs at a new mental health facility being built in Saskatchewan.

Carillion went into compulsory liquidation on Monday after weekend talks with creditors failed to get the short-term financing it needed to continue operating.

Wednesday, January 17, 2018 | 10:43 AM

US industrial production rose 0.9 per cent in December

WASHINGTON - The Federal Reserve says U.S. industrial production rose 0.9 per cent in December, pulled higher by a surge in utility output, another sign of health for the American economy.

Utility production shot up 5.6 per cent last month, the most since March 2017, as Americans turned up the heat during a year-end cold snap in the East and Midwest. Manufacturing output edged up 0.1 per cent, the fourth straight monthly increase, helped by a healthy uptick in production of cars, trucks and auto parts. Mining production rose 1.6 per cent, largely because of an increase in extraction of oil and natural gas.

Wednesday, January 17, 2018 | 10:42 AM

Saudi Arabia to transfer $2 billion after urgent Yemen plea

RIYADH, Saudi Arabia - Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse."

Prime Minister Ahmed Obeid bin Daghir had called on the kingdom and its allies to act "now, not tomorrow," and said saving the Yemeni rial means "saving Yemenis from inevitable famine." In his letter, he said Yemen needed a bailout.

Wednesday, January 17, 2018 | 08:47 AM

Japanese public TV says staffer sent missile alert in error

TOKYO - Japanese public broadcaster NHK says its erroneous alert of a North Korean missile fired at Japan was sent by a staff member who meant to file a different news flash.

NHK denied any mechanical flaw and said Wednesday it is studying preventive measures.

Wednesday, January 17, 2018 | 02:26 AM