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Cineplex Profits Rise Despite Flops Like Ben-Hur

Even the colossal Hollywood flop Ben-Hur and fumbled franchise spinoff Ghostbusters couldn’t hold back Cineplex Inc. from improved profits in the crucial summer months. Canada’s largest movie theatre chain delivered a 21.3-per cent boost in net income during the third quarter, helped by more cinemagoers buying premium-priced tickets to 3D movies, Imax screenings and its VIP theatres. But it wasn’t …

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Valeant Shares Tumble on $1.63B Loss, Weaker Forecast

MONTREAL—Valeant shares hit a six-year low Tuesday after the embattled drug giant signalled that its financial performance will continue to deteriorate next year following a $1.22-billion (U.S.) loss (about $1.63 billion) in the third quarter and expectations of more red ink to come. The Laval, Que.-based pharmaceutical company saw its stock tumble as it also cut its forecast for this …

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London’s UBS Office Reinvents the Workspace

LONDON—A desk is like a home away from home for many in the working world. Family photos, trinkets from a vacation, an extra pair of shoes or spare chopsticks are just some of the things routinely left lying around in what has become personal space. But that comes at a price for companies, particularly in cities like London or New …

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Microsoft, Other Large Companies Get in on WeWork’s co-working Spaces

WeWork Cos. built its brand on the hustling energy of small startups, but the company is finding that boring corporate giants may be finally ready to embrace the idea of renting a desk next to a stranger. In the last year, WeWork has established a new team that caters to the needs of large companies. The New York startup, which …

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Transport Canada Identifies Brake Safety Issue with Certain Ford F-150s

OTTAWA—Transport Canada has identified a brake safety issue with certain Ford F-150 models and is deciding whether Ford of Canada will be ordered to issue a recall notice. Transport Minister Marc Garneau said the government agency contacted Ford and is disappointed that the automaker disagrees with its assessment. Ford said the American National Highway Traffic Safety Administration investigated reports in …

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Singles’ Day Urges Shoppers to Treat Themselves

There are a lot of Chinese consumers, and according to a report issued earlier this year by the World Economic Forum, they’re buying a lot of stuff — particularly online. In just the past five years, the number of online shoppers in China has tripled to 410 million and so is the amount that they’re spending. Online sales are projected …

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Microsoft Challenges Slack with New Office Chat App

REDMOND, WASH.—In the last couple of years at Microsoft, some old habits have been tossed away, like obsessively placing Windows software at the centre of all the company’s big bets. But the company would still dig trenches to protect Office, its $23-billion-a-year software franchise. Microsoft this week took the wraps off Microsoft Teams, an addition to the Office package that …

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Will.i.am Launches Wireless Buttons Earphones — a Snazzy New Gizmo

“Dork, dork, dork,” will.i.am recently muttered, teasing himself while thumbing through his phone. He sat on a velvet bench at a downtown Manhattan event space, impatiently searching for a particular video while a handful of journalists looked on. “Dork, DORK, dork,” the aspiring tech visionary continued, self-conscious about going on a tangent. The musician — who remixed his legal name, …

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Microsoft to Patch up Windows Flaw Exploited by Hackers

SAN FRANCISCO—Microsoft says it will release a patch next week to address vulnerabilities in its Windows operating system exploited by a group reportedly tied to the Russian government and linked to the theft of emails from the Democratic National Committee. The group, called Strontium by Microsoft but Fancy Bear or APT 28 by other security researchers, has been tied to …

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No More ‘Free Panty’ Deals: Big Changes Afoot at Victoria’s Secret

Victoria’s Secret still rules the lingerie business, but there are signs that all is not well in the bra and panties empire. The mall stalwart has made several changes in recent months: In April, it trimmed 200 corporate jobs and announced a reorganization of the business. It has shut down its catalogue apparel business and stopped selling swimwear. Amid the …

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