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Struggling malls lure shoppers with upscale dining, entertainment options

LOS ANGELES—Shoppers braving the mall this holiday season may notice more that’s new than the day’s discounts. Many mall owners are spending billions to add more upscale restaurants and bars, premium movie theatres with dine-in options, bowling alleys and similar amenities. Some have turned swaths of space that previously housed department stores over to health clubs and grocery stores. Others …

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Apotex focused on navigating past ‘terrible tragedy’ after death of founder Barry Sherman

Apotex Inc., the Toronto-based pharmaceutical company that employs more than 6,000 people across Canada and 11,000 worldwide, faces challenges on a number of fronts as the firm and its employees grapple with the sudden death of Barry Sherman, its founder and chair. The generic drug-maker, the largest Canadian-owned pharmaceutical company with an estimated $1.6 billion in 2016 sales, said Tuesday …

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Ottawa spending $80M for research on preventing, studying oil spills

HALIFAX—The federal government is spending $80 million on oil spill research, looking at how to prevent spills as well as their effect on the marine environment. “Our government is committed to protecting our marine and coastal areas so that they are safeguarded for future generations,” said Treasury Board President Scott Brison. He announced the funding Monday at the Bedford Institute …

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Your airline ticket doesn’t always promise what it once did

It’s not enough to look for the cheapest airfare anymore. Not when airlines are increasingly dividing and subdividing their cabins and charging separately for what used to be part of the fare. More legroom? That will be an extra charge. Overhead bin space? Only if you buy a more expensive ticket. In the new world of airfares, similar-sounding fare classes such as …

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Uber says 815,000 Canadians affected by data breach as formal investigation opened

CALGARY—Uber Canada said late Monday that 815,000 Canadian riders and drivers may have been affected as part of its worldwide data breach announced in November. The disclosure came the same day the federal privacy commissioner said it had opened a formal investigation into the data breach, which saw the theft of information from some 57 million Uber accounts globally in …

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PokerStars buyer goes to court in insider trading trial

MONTREAL—More than three years after the $4.9-billion (U.S.) PokerStars deal turned his company into one of the world’s largest online gambling businesses, David Baazov was in court Monday to face insider trading and market manipulation charges. The trial that started in Montreal is the largest of its kind ever prosecuted by Autorite des Marches Financiers, the Quebec securities regulator. It’s …

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Fingerlings sold out? Blame it on the bots

Fingerlings, those colourful chirping monkeys (and sloths and unicorns) that wrap around your finger, have become one of the most desired toys on holiday shopping lists. Unfortunately, the $25 creatures are sold out online almost everywhere. Toys R Us? Gone. Walmart? None left in stock. Mastermind? Nope. But check eBay or Amazon, and sellers are offering them for double, triple …

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Nike’s reboot of Cortez sneakers falters and shows its age

NEW YORK—In 1967, the company that would become the world-famous shoe brand Nike needed an identity for its new, state-of-the-art running shoe. Co-founders Phil Knight and Bill Bowerman settled on “Aztec,” according to Knight’s autobiography. But industry giant Adidas had a track spike called “Azteca Gold” and was allegedly threatening to sue. Chewing over their choices, the Oregon entrepreneurs fired the …

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Cutting into Amazon’s dominance, U.S. retailers see victory on Black Friday

Brick-and-mortar retailers did enough things right on Black Friday to consider the event a success, even if the crowds of past years haven’t returned. Chains simplified promotions this year and took a keener eye to managing their inventory. At Wal-Mart Stores Inc., colour-coded maps helped shoppers navigate the aisles. Retailers also made headway with their e-commerce sites, aiming to chip …

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China busts underground bank used to funnel $3 billion out of the country

BEIJING—The money came from all over China — its wealthy southern and eastern coasts as well as the arid northwest — as thousands of people scrambled to circumvent the country’s strict controls on wealth. In the end, more than 10,000 people had used an underground bank to effectively funnel $3 billion (U.S.) out of the country before authorities put a …

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